Record investment volumes in UK commercial property in Q1 2015

A record £13,6bn was invested in UK commercial property in the first three months of 2015 according to DTZ.

The strongest ever start to the eyar comfortably outstripped the 11.2bn invested in Q1 2014 and the longer-term Q1 average of only £8bn.

There was a typical seasonal fall from the £18.1bn recorded in Q4 2014, but invester appetite remained relatively strong across UK geographies, with a record Q1 both in central London (£4.6bn) and the rest of the UK (£9.1bn). Domestic investment in central London maintained its momentum into Q1, with £1.7bn transacted, compared to £1.8bn in Q4 2014.

Read More…

Young people in UK increasingly giving up on owning a home – Halifax survey

Rocketing house prices and years without real-terms wages growth have prompted a growing number of younger people to give up the idea of ever owning their own home, according to a major report on attitudes to getting on the property ladder. Continue reading