In the news this morning, property tycoon Vincent Tchenguiz is lobbying against proposed changes to the leasehold system that his company says threaten “unintended detrimental consequences to the entire property market”.
The first of the Christmas trading figures are out with a rise in sales at John Lewis bringing hope that the downturn on the high street is not as bad as many have feared.
Despite the department store’s results – and a bumper Christmas reported by garden centre chain Dobbies – analysts are anticipating more insolvencies and store closures as retailers tot up their festive financial figures in the coming weeks.
Elsewhere, a review of the 2018 London office investment market finds that it defied fears of a capital exodus in the run-up to Brexit.
Christmas brings cheer to John Lewis
Fusion Students sells £232m property portfolio as investors pour into sector
Foreign investors defy fears of exodus with offices deals
Warning of more store closures on high street
First-time buyer levels at highest since 2006, research finds
UK housing market is a ‘goldmine’ for wealthy foreign buyers
