Helen Ozolins
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Property news from this morning’s papers 27th September 2016
Estates Gazette’s daily roundup of property-related news published in the national press.
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Mortgage approvals down 21% on year
Mortgage approvals were 21% lower on the year in August, at a total of 36,997, figures from the British Bankers’ Association showed.
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Number of homes for sale increases
The number of homes for sale increased to 41 per branch in August, figures from the National Association of Estate Agents showed.
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SLI to lift suspension on its real estate fund
Standard Life Investments is to lift the trading suspension on its UK real estate fund from 17 October.
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Student life on Park Lane
The newest student accommodation to come onto the market is not your average, with the rent on the three-bedroom townhouse costing £4,000 a week or £192,000 a year.
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Aldi reports record sales
Aldi reported record sales of £7.7bn for the year ended 31 December, although the 12% increase in sales was weaker than in the previous year.
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London tops global financial rankings, for now
While London continued to top the semi-annual Global Financial Services Index, there are indications its ranking could be under pressure in the next survey.
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Property news from this morning’s papers 26th September 2016
Estates Gazette’s daily roundup of property-related news published in the national press.
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QIA ends interest in Grosvenor House hotel
The Qatar Investment Authority has ended talks on the purchase of the Grosvenor House Hotel in London and the Plaza and Dream Downtown hotels in New York.
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ID theft rises among owners of trendy new-build flats
Owners of expensive properties and trendy new-build flats are increasingly falling victim to identity theft, according to Experian.
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Delancey suing Greenland Group
Delancey is suing Chinese developer Greenland Group in relation to the latter’s purchase of the Ram Brewery site in London.
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Arbroath, Motherwell and Greenock most affordable commuter towns
A study of Scottish house prices has found Arbroath, Motherwell and Greenock to be the most affordable commuter towns.