UK house price growth will slow in 2017

UK house price growth will slow in 2017

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UK home price development is going to slow in 2017, but the legacy of insufficient housing will suggest that need will outstrip supply and lead to a three % growth for the season as predicted by surveyors. Even though the majority of bullish real estate industry improvement in the brand new year, published thus far, the Royal Institution of Chartered Surveyors said it anticipated development will be about half of that in 2016. A year before, he predicted an increase of rates by six %, even though the recognized figures on the track to fulfill that here, with the yearly growth rate of October at 6.9 %.

Full article

https://www.theguardian.com/business/2016/dec/21/uk-house-price-growth-2017-surveyors-rics

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Property of the royal family confirms the £ 100m development of the West End

Property of the royal family confirms the £ 100m development of the West End

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professional real estate arm of the royal family members is going to move ahead with the improvement of £ 100m West End, which have been placed under management in accordance with the determination of the UK to give up the EU. Crown Estate has confirmed that the restructuring will start Duke Court, a diverse retail and business block in St James. The plans are a part of a wider £ 500m much investment program in this specific place. James Cooksey, director of the middle of London on the Crown Estate, said: "We are actually dedicated to the restoration of St. James as a world class internet business destination as well as way of living.

“Such an investment reflects our belief in the fundamentals of London’s West End, notwithstanding the near-term market outlook, and its continued performance over the long term through creating fantastic buildings that stand the test of time.”

Full article

https://www.theguardian.com/business/2016/dec/21/royal-family-property-west-end-development-crown-estate

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