|Bid||0.000000 x 0|
|Ask||0.000000 x 0|
|Day's range||12.174000 - 12.174000|
|52-week range||8.180000 - 12.174000|
|PE ratio (TTM)||18.17|
|Dividend & yield||0.12 (0.97%)|
|1y target est||N/A|
Realtors who thought that London’s luxury-home market would be kick started by the pound’s fall after the Brexit referendum are being left disappointed.
REITs are raising more capital than ever on the London exchange, its data shows, as investors shift away from less liquid forms of property investment. M7 Multi-Let will be London's largest REIT IPO announced so far this year.
International estate agency Savills reported a 27 percent rise in first-half profit on strength from Asia and its real estate investment management arm, despite a post-Brexit decline in demand for new homes and office space in London. The UK housing market, which has slowed since the EU referendum, has been further hit by a rise in stamp duty charges and an uncertain outcome in the June national election.
International estate agency Savills (Stuttgart: 1YZ.SG - news) said it anticipated housing sales in Britain will be hit by a June 8 general election, but that its overall performance this year will be in line with expectations. "The period leading up to the UK general election is expected to have a short-term adverse impact on residential transaction activity over the next few weeks," Savills said in a statement on Tuesday. The firm, which operates across Europe, North America, Asia and Australasia, said its overall performance in the first four months of the year was ahead of the same period last year and it would meet market expectations despite increased global political and economic uncertainty.
The number of new homes built in London will reach 46,500 this year but total completions will fall by a quarter at the turn of the decade, estate agents Savills (Stuttgart: 1YZ.SG - news) said on Tuesday, in a further blow to efforts to tackle a mounting housing crisis. The government has set out plans to boost house builds in England from 190,000 homes a year to at least 250,000 in a bid to tackle a chronic lack of supply, especially in London, which has made buying unaffordable to many and pushed up rents. "Over the next few years, private sector completions are forecast to fall sharply, the result of rapidly falling home starts, as developers adjust to lower rates of sale," Savills said in a release.
International estate agent Savills reported a 12 percent rise in underlying profits last year as demand for property in Britain held up, helped by the Brexit-induced slump in the pound boosting investor ...
LONDON, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Up to half of planned commercial developments in central London could be delayed over the next few years due to concerns about Brexit, and overall investor returns will be flat in 2016, estate agents Savills (Stuttgart: 1YZ.SG - news) said on Tuesday. Commercial property was one of the first sectors to be hit in the immediate aftermath of the June 23 public vote to leave the European Union, with investors pulling cash out of funds and forcing many to be temporarily suspended. Savills said that across Britain there could be a decline of up to 40 percent from 2017 until 2021 in development activity of retail, office and industrial property, with up to 50 percent delayed in central London.
New (KOSDAQ: 160550.KQ - news) office space planned for Dublin over the next five years can comfortably accommodate more than 100,000 extra workers and any companies relocating as a result of Brexit, a survey from real estate group Savills published on Thursday, said. Ireland (Other OTC: IRLD - news) has called its key trading partner's plans to leave the European Union the greatest economic and social challenge it has faced in 50 years, so the potential to attract businesses from Britain could help to offset some of the damage. Already the European home for the likes of Facebook (NasdaqGS: FB - news) , Google and Microsoft (Euronext: MSF.NX - news) , Dublin is competing with some major European Union cities for potential Brexit investment.
There is going to be a huge change in Britain's housing market but it will be the nation's poorest people who will suffer the most. Savill said fewer people will buy houses, push more people into the rental market. In fact, Savills says that rent is going to rise considerably faster than property prices over the next five years.