British multinational hospitality company IHG announced today that it is “in the process of ceasing all operations in Russia consistent with evolving UK, US and EU sanction regimes and the ongoing and increasing challenges of operating there.” The company had … Continue reading →
Average house prices in the UK increased by 12.4 percent to £281,000 ($344,097) over the year ending April 2022, according to the UK Office for National Statistics. Among the countries that comprise the UK, England has the highest average house … Continue reading →
Office vacancy rates in London have risen from 5.3 percent in March 2020 to nine percent in June 2021, with the vacant spaces mostly in older properties, according to Financial Times (citing Savills). The number of people coming to work … Continue reading →
In recent years, company voluntary arrangements (CVAs) have been used to restructure the leases of struggling retailers and restaurants. Under United Kingdom insolvency law, a CVA is a legally binding agreement between a company that is either insolvent or has … Continue reading →
UK-based easyHotel plans to expand into Iran and Sri Lanka with 500 rooms and 200 rooms respectively, according to Business Every free viagra no prescription hop over to this link married couples dream about happy married life. An amino acid … Continue reading →
North American lenders provided $4.2 billion in new credit toward British commercial property transactions in 2016 – a 56 percent reduction from the 2015, according to
Continue reading →Germany has overtaken the U.K. as Europe’s most active commercial property market. In 2016, CRE transactions in Germany totaled €59 billion, according to Property Forum (citing data from Knight Frank). In addition, psychological issues such as anxiety, depression, self-abasement, which … Continue reading →
Germany has outpaced the UK to become Europe’s most active commercial real estate market. In 2016, about $63.5 billion in commercial property traded hands in Germany compared to about $60.9 billion in the UK, according to MarketWatch (citing data from … Continue reading →
According to The Telegraph (citing data from the Organization for Economic Cooperation and Development (OECD)), property taxes, as a share of total taxation are higher in the UK than anywhere else in the developed world, accounting for 12.7 percent of … Continue reading →
The UK’s 900 billion pound commercial property market is seeing some mixed results post-Brexit. Average commercial property values are down about 3.5 percent since the June 23 vote and YTD returns tracked by the IPD index are trending below zero. … Continue reading →