by Necco | Feb 22, 2017 | news
Average asking prices of homes in the capital have fallen by 0.4 per cent in a year, the biggest annual drop since April 2011. Average prices have fallen in 12 boroughs since last January, according to Rightmove’s House Price Index, yet the average asking price... by Necco | Feb 1, 2017 | news
Transaction volumes in prime central property have dipped further as a result of changes in residential taxation, Brexit and global economic uncertainty, according to research from London Central Portfolio (LCP). Home sales in prime central London were down 21% in the... by Necco | Jan 25, 2017 | news
Investors acquired £1bn of central London prime retail property in the first half of the year, with the market proving a safe haven before and after the vote to leave the EU, according to CBRE. The total dwarfs the H1 average of £700m seen in recent years. Total... by Necco | Jan 25, 2017 | news
Less ‘vanilla’ bridging and more development/conversions In the past 12 weeks, we have noticed a trend of a drop-off in bridging enquiries and a sharp increase in development enquiries. We think the main reason for that has been: • A reduction in appetite for risk... by Necco | Jan 25, 2017 | news
Commercial property has had a torrid time since the Brexit vote on 23 June last year. It was one of the first sectors affected and one of the hardest hit. Share prices fell the day after the referendum, as investors anticipated that the UK’s departure from the... by Necco | Jan 25, 2017 | news
Analysts at Jefferies have downgraded a number of the UK’s biggest property firms, saying the markets is “overly dependent” on foreign capital. In a note issued today, analyst Mike Prew said companies such as Derwent London, Hammerson and Great Portland Estates were...