“Positive activity has continued into the BtR sector,” says CBRE. “letting activity has picked up and sentiment is strong.”
Christian Faes’ property finance platform had planned an IPO for 2019, but postponed the move. It now hopes to raise £40m by listing on the London’s AIM stock exchange.
Lloyds Banking Group’s new stand-alone brand will “initially start small”, buying up and renting out around 400 “good quality” new-build properties by the end of this year.
Andrew Baum, leader of the Future of Real Estate Initiative at Oxford University’s Saïd Business School, is to join Pi Labs as a Research & Strategy Partner.
“The fact that house prices have been rising quickly over the last year makes the market more vulnerable to external shocks to the economy,” says Professor Geoff Meen, as he warns “there are numerous conventional reasons to at least expect some slowdown in the growth of house prices.”
Bain and Orka have acquired the 72-room Park Lane Mews Hotel and 17 adjacent residential units on Stanhope Row, just behind the Park Lane Hilton.
“It is incredibly rare for an unbroken freehold block of this scale and stature to become available in such a prime location,” says Knight Frank of Allen House, which offers the prospect of a significant redevelopment in the heart of W8.
Online retailer Lick has caused a stir in the DIY interiors space since it launched last year.
Investor/developer has picked up a mixed-use block on Crawford Street, following two significant purchases in Bayswater earlier this year.
“The introduction of the higher stamp duty rate of 10% for the bulk purchase of houses is designed to dissuade the practice whereby institutional investors buy up homes that are close to completion, or fully completed, thereby denying first-time buyers the chance of acquiring and owning their own home,” says Ireland’s Finance Minister Paschal Donohoe
“The tax changes introduced from 2016 onwards have undoubtedly taken the heat out of the buy-to-let market,” argues Hamptons’ research chief Aneisha Beveridge. “Landlord purchases have dropped and consequently the rental sector is 7% smaller than it was at its peak in 2017.”
35-39 Leinster Gardens – formerly the Holiday Villa Hotel – has been put on the market at £29.5 million, with planning permission in place for a conversion to either residential or serviced apartments.