Karen Day
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L&G reduces discount on property fund withdrawals
Legal & General has reduced the amount of the fair value adjustment imposed on cash withdrawals from its UK property fund in the wake of the Brexit vote.
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UK to avoid housing market crash and recession
The UK economy, which has stabilised quickly after the June referendum, will not suffer a recession, nor will there be a housing market crash, according to PwC.
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British Land warns of more cautious approach post-Brexit
British Land had a good quarter of activity leading up to the referendum, but warned it expects a more cautious approach by investors and occupiers now.
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OnTheMarket.com cases referred to tribunal
The Competition Appeal Tribunal is set to hold a preliminary meeting next week regarding cases brought by Agents’ Mutual against two estate agents.
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Bungalows commanding a premium
High demand for bungalows combined with a shortage of the properties means the average bungalow now commands a 16% price premium.
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Scottish home prices to fall over next two years
Scottish home prices are expected to fall over the next two years, but the country will avoid a recession, according to a report by PwC.
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BoE ratesetter questions need for rate cut
Sterling strengthened and the FTSE 100 index closed at its highest level in 11 months following comments by the BoE’s Martin Weale that raised question marks about the need for…
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Housing action plan for Ireland due
An action plan for Ireland’s housing sector will include supported accommodation for the homeless as well as measures targeting developers, first-time buyers and landlords.
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Asking prices dip
The average asking price for a home in England and Wales fell by 0.9% in the period from 12 June to 9 July, to £307,824, figures from Rightmove showed.
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More City of London skyscrapers eyed
The City of London’s historic protected views could be under threat as planners look to increase the number of skyscrapers.
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Average UK private rent rises to £695 a month
The average monthly cost of renting privately is now £695, according to a survey by Experian.
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University spending on new buildings up 43%
Spending by UK universities on new buildings has risen by 43% on the year in the last six months, according to Barbour ABI.