Investment

Grosvenor Property UK has agreed terms to raise £150mn in a private placement that's linked to the company's sustainability progress.

Greystar has bought the 12-acre former Peek Frean biscuit factory site in south London from Grosvenor.

Glasgow, Edinburgh and Belfast are the top picks for residential property returns, suggests Colliers, while locations in the South East are less appealing for investors.

"Real estate is more recession-proof than other assets, especially when it comes to luxury homes," argues Mickey Alam Khan, the New York-based president of Luxury Portfolio International.

JLL estimates that sterling buyers are currently paying 35% more for London properties than they were in 2014, while those purchasing in US dollars are paying 3.8% less.

Virtual land prices have tumbled by an average of 66% since January, while the volume of metaverse real estate being traded has tanked by 97% from its November peak.

Pair of freehold buildings contain a total of 70 mostly one-bed units across 28,000 sq ft.

CBRE says it is "alert to the recent softening of market sentiment", as investment drops sharply - but remains on track to break records for the full year.

A European property investment platform plans to spend £1bn buying and retrofitting thousands of British homes for rent.

"The real estate industry is the single-most contributed industry to climate change," says venture capital boss. "It's the culprit that was hiding in plain sight."

"The incredibly robust income offered by BtR and strong rental growth across the sector are continuing to attract significant new capital to the market," says Knight Frank.

CBRE is forecasting 8% growth for average UK house prices through 2022, with any downturn in buying activity likely to take time to filter through to prices.