Residential Property Review August 2018

Reduced supply means higher rents over next five years

The Royal Institution of Chartered Surveyors (RICS) latest survey indicates that rents could escalate by as much as 15% over a five year period, as a ’perfect storm’ of diminishing supply of rental properties, combines with increasing demand from tenants. RICS estimate that rents will increase by up to 2% over the next twelve month period alone.

For full briefing click here. Residential Property Review August 2018

Property Market Review July 2018

Olympia London to get major revamp

Olympia London Exhibition Centre is to benefit from a £700 million development plan to extend the area by over two acres, adding green space and including restaurants, a performing arts centre, and a theatre. The architects will be SPPARC, working together with renowned designer Thomas Heatherwick.

For full briefing click here. Property Market Review July 2018

Residential Property Review July 2018

Three-year tenancies for renters causes concern to landlords

As reported by The Guardian, the Secretary of State for Housing, Communities and Local Government, James Brokenshire, has proposed stopping landlords of rental properties from evicting tenants at short notice and implementing a minimum three-year tenancy agreement.

For full briefing click here. Residential Property Review July 2018

Property Market Review June 2018

British business rates risk damaging UK commercial property market

The UK government’s re-assessment of the value of properties, undertaken in 2015, had the effect of either increasing or decreasing the rates owed by business owners. Any increase in rates took effect from April 2017, a full two years after valuations were made.

For full briefing click here. Property Market Review June 2018