Yields on prime commercial property in Athens were up this year due to pessimism over the Greek economy. The prospect of banks selling assets further depressed real estate values, according to Colliers International. The best office properties in the... Read More
With the economic situation uncertain at best in the UK currently, it is hardly surprising that town centres in many areas are failing to live up to their potential. As out of town retail parks and internet shopping grow in popularity, traditional retail... Read More
With pay freezes, relatively high inflation and the rising cost of living at the forefront of many people’s minds, pay day loan companies have become something of an essential industry in the country today. As more and more people struggle to pay bills and... Read More
Crossrail is expected to add £5.5 billion to residential and commercial property values along its route by 2021. The claim follows research conducted by industry consultant GVA who also expect Crossrail to lead to the development of 57,000 new homes and 3.25... Read More
Cash strapped consumers have been dealt a further blow this week, after it was revealed the cost of fruit and vegetables has soared by more than 50 per cent this year. This is due to heavy rain devastating crops in what has proven to be the wettest summer in... Read More
The British Property Federation (BPF) has criticised the government’s decision to postpone the business rates revaluation until 2017. Chief executive Liz Peace describes the postponement as a ‘shot in the foot’ for retailers and as embedding injustices... Read More
Firstrand Limited, the South African financial services company, has announced plans to invest $250 million in funds in the West and South African real estate markets. The money is earmarked for projects in Angola, Ghana, and Nigeria. The... Read More
Prime rents in key cities were up by 2.3 per cent in the first half of 2012, according to Knight Frank. This amount was considered modest compared to the kinds of increases that were the norm before the goal financial crisis of 2008. Economists at the... Read More
Plans for the commercial redevelopment of London’s Smithfield Market have met with opposition from a conservation group. Save Britain’s Heritage say the proposal to create 235,000 sq ft of offices, shops and restaurants on the site will destroy “the... Read More
The solution to illegal parking in a south London suburb has left locals and shopkeepers astonished and angry. Overnight, 22 huge boulders have been deposited on New Addington’s Central Parade prompting shoppers to ask if the area has been hit by a meteor... Read More
