5 Of The Largest Commercial Property Sales of The Year So Far
Rathbone Square £435m || 419,700sqft || 4.25% Yield Rathbone Square, via burofour.com The most expensive sale of 2017 so far saw Great Portland Estates sell the freehold of Rathbone Square in Fitzrovia. The mixed-use development, which is due to complete in March this year, was sold to Rathbone Place Jersey Limited – an entity owned by Gesellschaft […]
Housing White Paper: A Snapshot
On Tuesday the Department for Communities and Local Government unveiled its housing white paper on “Fixing our broken housing market”. Prime Minister Theresa May writes in her foreword that “our broken housing market is one of the greatest barriers to progress in Britain today”, and the 106-page document outlines Government plans to correct this. The paper […]
Plans For Stamp Duty Cut Aim To Boost Returns For Private Rented Sector
According to the Property Industry Alliance a potential cut of the stamp duty land tax could increase returns from residential funds by as much as 150 basis points over the next three years. Moreover, the PIA, which also includes organizations such as the RICS and the British Property Federation, believes that currently, the SDLT rules […]
Political Uncertainty Pushes Vendors Back On The Market.
According to the latest survey carried out by the RICS a net balance of 21% of surveyors have witnessed a rise in new instructions in March, compared with a balance of 16% in February. This is largely due to the political uncertainty, which is pushing vendors to market their property before the impending general election.
Stamp Duty To Be Blamed For Falling Residential Yields
The combination of rising house prices and falling rents caused the residential yields to fall to their lowest level for 18 months in January. Residential yields fell to 4.75% last month which marked the lowest level since August 2008, according to the latest Buy-to-Let Index from LSL Property Services. Yields had peaked at 5.1% in […]