Today’s national press coverage and news from around the world rounded up here.
If you’d like this delivered straight to your inbox every morning sign up for our AM alert by clicking here.
Chinese firms claims record for skyscraper construction
Broad Sustainable Building, a Chinese construction company, has claimed a record for building work, taking just 19 days to construct a skyscraper in Changsha, in Hunan province. Read the full story here.
Esher tops list of most expensive rental locations
Esher and Oxford have emerged as the two most expensive places to rent property in the UK. Read the full story here.
Better Renting for Britain calls for focus on build to rent
The Better Renting for Britain campaign is calling on the next government to focus on build to rent as a way of increasing housing supply in the future. Read the full story here
Foxtons reports fall in revenue and sales commission in 1Q
Foxtons reported a 3.1% on-year fall in total revenue in the first quarter, while sales commission was down 11.9% at £15.5m. Read the full story here
Co-operative Bank cuts rate on two-year mortgage
Co-operative Bank has cut the rate on its two-year fixed-rate mortgage to a record low 1.09%, from 1.24% previously. Read the full story here.
Greece to change tack on privatizations
Greece could go ahead with the privatization of the Piraeus port and the sale of other assets, in a potential reversal of promises made by the Syriza government. Read the full story here.
Sears in property JV with Macerich
Sears Holdings will transfer nine properties into a joint venture with shopping-mall operator Macerich. In return, Macerich has paid Sears $150m. Read the full story here.
London home sales drop
The latest data on the London property market continues to show the impact that uncertainty in the run-up to the election is having, with sales down 26% in January. Sales of homes worth £1m-plus dropped 19%. Read the full story here.
Zoopla pays £160m for uSwitch
Zoopla Property group has paid £160m to acquire price comparison website uSwitch. Read the full story here.
Fosun joins with JD Carlisle on Manhattan development
China’s Fosun Group is to develop a midtown Manhattan residential block in conjunction with local developer JD Carlisle. Read the full story here.
Rocco Forte warns on impact of removing non-dom status
Hotel operator Rocco Forte warns that many wealthy non-doms based in London are preparing to leave the capital should Ed Miliband become the next prime minister. Read the full story here.
Demi Moore selling San Remo apartments
Demi Moore is selling a penthouse apartment and a separate two-bedroom apartment in the San Remo building on New York’s Central Park West for a combined asking price of $75m. Read the full story here.
Sales of $100m-plus homes grow
Worldwide sales of $100m-plus mansions reached a record last year and their popularity is likely to carrying on growing as billionaires look for places to park their cash, a report by Christie’s International Real Estate showed. Read the full story here.
China’s official manufacturing PMI unchanged at 50.1
China’s official manufacturing purchasing managers’ index came in at 50.1 in April, data from the statistics bureau and the China Federation of Logistics and Purchasing showed. Read the full story here.
Sign up for our AM alert here
