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Lenders warm to commercial property |
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Lending to the commercial property sector has thawed over the past year, with more banks providing additional debt for investment and development for the first time since the crash in 2007, according to a report from Savills.
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Action desperately needed as homes shortfall approaches a million |
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The country's housing shortage is fast approaching one million homes, yet we are building less now than at any point since the Second World War, according to the Home Builders Federation (HBF) in its election manifesto and is a warning to MPs that they desperately need to wake up to the mounting housing crisis.
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General Election 2010 and house sales: How to avoid a hung property market |
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The election could bring house sales to a halt at what is traditionally the busiest time of year. Graham Norwood offers tips for sellers and finds bargains for buyers.
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The return of bankers’ bonuses has given real estate agents renewed hope for the housing market in 2010. Globally, prices for both commercial and residential real estate bottomed out in the third quarter of 2009 and since then both have recovered. But it is commercial property that is the star performer. In the UK, London retail property prices have jumped almost one-third in that period, more than three times the increase in house prices. In Hong Kong, commercial prices have grown about one-tenth compared with minimal house price growth, according to Grosvenor, the property group.
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Bellway shifts back into profit |
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Bellway, the national house builder, has moved back into profit for the first time since the housing slump after recording strong growth in the number of homes sold in the UK.
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