In the news, house price growth is set to slow sharply this year, but will recover next year and head higher into 2019. The forecast comes as figures for August show asking prices across the country fell 0.9% on the month, while annual growth was 3.1%. Tilstone could be about to announce a listing of Warehouse REIT on AIM. The proceeds will be used to purchase other industrial buildings, taking advantage of demand for industrial space as a result of the expansion of online retailers. New Bond Street has attracted a new tenant – Belgian luxury leather goods retailer Delvaux will pay initial rent of £1.5m a year on the former Pinet store.
House price growth seen slowing to 1.5% this year (FT/£)
Challenging economic conditions are expected to result in a slowing in house price growth to 1.5% this year from 5% last, data from Countrywide show.
Tilstone plans listing of Warehouse REIT (The Telegraph/FREE)
WEEKEND PAPERS: Property manager Tilstone is planning to list Warehouse Real Estate Investment Trust on the London stock market.
Delvaux agrees lease on New Bond Street store (The Times/£)
Belgian luxury leather goods retailer Delvaux has agreed the lease on the former Pinet store in New Bond Street, further enhancing its reputation as an exclusive shopping area.
Number of help-to-buy Isa accounts tops a million (The Guardian/FREE)
WEEKEND PAPERS: More than a million help-to-buy Isa accounts have been opened since the government launched the scheme in 2015.
Average asking price down 0.9% in August (Bloomberg/FREE)
The average asking price for a house in England and Wales was 0.9% lower on the month and 3.1% higher on the year in August, figures from Rightmove show.
Second-home ownership up 30% since 2000 (The Guardian/FREE)
WEEKEND PAPERS: Second-home ownership has jumped 30% since 2000, according to research by thinktank the Resolution Foundation.
Complaints to Property Redress Scheme up 40% (The Daily Telegraph, 19 August, p. 14)
WEEKEND PAPERS: Complaints to the Property Redress Scheme rose by 40% last year, figures show.
Foreigners renting luxury London homes after smartphone viewings (The Guardian/FREE)
WEEKEND PAPERS: Overseas interest in renting super-prime London homes is so high that prospective tenants are basing decisions on whether to rent a property on FaceTime or WhatsApp viewings.
Regulator gives OK to Heineken takeover of Punch Taverns (FT/£)
WEEKEND PAPERS: The Competition and Markets Authority has given its approval to Heineken’s proposed takeover of Punch Taverns after Heineken agreed to sell pubs in 33 local areas.
Starwood Property Trust rejects chance to sell Dublin office portfolio (The Times/£)
WEEKEND PAPERS: Starwood Property Trust has passed on a chance to sell a portfolio of 12 office blocks and an apartment complex in Dublin.
China curbs overseas real estate acquisitions (The Telegraph/FREE)
WEEKEND PAPERS: The issuance of guidelines by China on Friday covering overseas acquisitions follows a warning by the International Monetary Fund over the country’s debt levels.
