Nairobi built shiny new business districts but not enough tenants have shown up Read more

Nairobi built shiny new business districts but not enough tenants have shown up

The Upper Hill neighborhood in Kenya’s capital Nairobi is set to transform into an upmarket, regional financial hub. Once a residential district, it is now the headquarters of banks, insurance companies, embassies, government ministries thanks to millions of dollars spent on redevelopment. It is also home to The Pinnacle: a 70-story, 300-meter (984 feet) twin […]

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Homebuilders Soar as U.K.’s May Stokes Slowing Property Market

Homebuilders soared in London trading after the U.K. government said it would extendthe Help to Buy program, under which the government lends buyers up to 40 percent of the cost of a new home. The Conservatives, under pressure to increase homebuilding, will set aside 10 billion pounds ($13.3 billion) to help people buy properties, stimulating the […]

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Housing market speeds towards ‘crisis point’ as average price rises £10,000 in a year

House prices in the UK increased by £10,000 in the last year on average, according to official figures, with estate agents warning that affordability of houses is reaching “crisis point”. The average property price in June was £223,257, compared to £214,000 in June 2016, the Office for National Statistics said. On a month-by-month basis, house […]

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Property market eases as buyers take breather

Housing prices in Sydney and Melbourne rebounded more than 2 per cent in June but fell or were flat over the quarter as the cities’ five-year bull market slowly runs out of steam. In other capital cities, housing prices were patchy with the ­exception of the long-depressed Perth market where values rose 1.3 per cent […]

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Estate agents say election is chilling UK housing market

The UK’s snap general election has chilled the housing market, according to a survey of estate agents and surveyors. House sales fell in May for the second month running, according to a monthly survey by the Royal Institute for Chartered Surveyors, and 8 per cent more respondents reported falling rather than rising sales. Many of the […]

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British Land shows recovery in property values

The value of British Land’s portfolio has recovered after slumping last year, indicating that confidence is beginning to return to the UK property market. The property company, which is the second largest in the UK, said its net asset value per share, the preferred measure of performance used by property companies, had dipped 0.4pc to […]

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The darkening shadows over the UK commercial property market

Big commercial property groups seem to be getting cagey about prospects for the UK property market. Some of that’s overblown worry due to Brexit. But there are also some more substantive concerns that are definitely worth paying attention to. Meanwhile, even as the professionals get jittery, local councils are piling into the property market like […]