Karen Day
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Macau’s housing market set for recovery
Macau’s housing market, the worst performing of the Asian property markets, could get a boost with the gaming industry there showing signs of a recovery.
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$1.3bn bid for Grosvenor House, Plaza hotels
The UK family office of 3 Associates has submitted a $1.3bn bid for the Grosvenor House hotel plus majority stakes in New York’s Plaza and Dream Downtown hotels.
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Capco cuts value of Earls Court development
Capital & Counties has reduced the value of its Earls Court development to £1.2bn as of June 30, from £1.4bn at the end of last year, a cut of 14%.
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Mortgage approvals at 15-month low
Mortgage approvals fell to 40,103 in June, the lowest level in 15 months, data from the British Bankers’ Association showed.
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Homeowners increasingly relying on property to boost pension
Around half of homeowners aged 45 or above are relying on money tied up in their homes to support income levels in their retirement, according to research by Aviva.
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Scottish house prices fall but sales rise
The average price of a house in Scotland was 2.3% lower on the year in the three months from April to June, figures from the Registers of Scotland showed.
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Ladbrokes and Coral get merger OK but must sell shops
The Competition and Markets Authority has approved the merger of Ladbrokes and Coral subject to the group selling between 350 and 400 shops to one or more buyers.
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No immediate Brexit impact on supermarket prices
Prices charged at UK supermarkets fell around 1.4% in the 12 weeks to July 17, unchanged from the prior period, the latest figures from Kantar Worldpanel show.
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US new home sales up 3.5% in June
US new home sales beat expectations, rising by 3.5% to an annualised 592,000 units last month, figures from the Commerce Department show.
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Hibernia REIT signs 20-year lease on One Dockland Central
Hibernia REIT has signed a 20-year lease on space at One Dockland Central with the Commission for Energy Regulation.
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Hong Kong luxury apartment vacancies remain low
Vacancies for luxury Hong Kong apartments remain low despite cuts in allowances for expats, as mainland Chinese renters take up the slack.
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Fall in sales of US real estate to Chinese buyers
Measures to control capital flows from China have had an impact on sales of residential properties in the US, in particular those properties price between $2.5m and $3m.