Salient to Investors: Acadametrics and LSL Property Services said prime property buyers are pouring money into London, helping increase UK house prices 2.5 percent from a year earlier to another record in June. Prices have increased for 10 consecutive months, driven by buoyant international demand for London homes and loosening mortgage availability. Acadametrics said house-price inflation in
READ MORE... →Salient to Investors: Nationwide Building Society said UK house prices increased rose 1.1 percent from a year earlier, the most since November 2011. Robert Gardner at Nationwide said housing is gradually gaining momentum and the economy and credit policy provide reasons for optimism in the quarters ahead. Read the full article at http://www.bloomberg.com/news/2013-05-30/u-k-home-prices-rise-most-in-18-months-nationwide-says.html
READ MORE... →Salient to Investors: Hometrack said UK house prices rose 0.9 percent in London, the most in 6 years, primarily driven by a shortage of properties, while average prices in England and Wales increased 0.4 percent, the biggest monthly increase since May 2007. London demand is up 15 percent in the past 6 months, while supply
READ MORE... →Salient to Investors: The growth of Internet shopping in Europe is luring investors to warehouses, where yields are beating showy storefronts and sleek offices amid a space shortage. Jones Lang LaSalle say Europe needs 296 million square feet of new distribution and storage warehouses in the next 5 years, 11 percent of
READ MORE... →Salient to Investors: Alan Higgins at Coutts said Osborne is limited and has to take from one hand to give to the other, and today’s statement is a small opening of the door for more monetary stimulus, though mainly a confirmation of business as usual. Higgins said the bigger news is
READ MORE... →Salient to Investors: Anika Khan at Wells Fargo Securities is optimistic about the housing recovery and sees construction picking up. Morgan Stanley expects residential construction to rise 14 percent in 2013. Jason Schenker at Prestige Economics said housing has huge upside potential for GDP and job creation and the only thing that’s going to drive the substantial improvement to
READ MORE... →Salient to Investors: Knight Frank said English rural land produced some of the best investment returns in Europe since 2007, appreciating by 51 percent versus a 19 percent rise got millionaires’ mansions in London and a loss for rest of the U.K. housing market. Tim Atkinson at J.H. Walter is not expecting an alteration in the
READ MORE... →Salient to Investors: US buyout firms are playing an increasingly larger role in the U.K. housing market. US private-equity investors Wilbur Ross and J. Christopher Flowers are lining up to finance British homebuyers as the country’s biggest banks pull back. The Council of Mortgage Lenders says RBS, Lloyds Banking, Barclays, HSBC and Santander U.K.
READ MORE... →Salient to Investors: Rightmove said UK home sellers raised their asking prices to the most for a February in 5 years as potential buyers increased, while half of purchasers are doing so for at least the third time versus only 22 percent of first time purchasers. Miles Shipside at Rightmove said it’s far
READ MORE... →Salient to Investors: Acadametrics and and LSL Property Services said the the average price of a home in England and Wales increased 3.1 percent from a year earlier. 6 regions posted an increase in annual prices, 4 posted declines, London led gains, rising 9.4 percent. David Brown at LSL Property Services said market
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