Category : Simon Morris

  • By Simon Morris On Tuesday, December 08 th, 2015 · no Comments · In ,

    New figures have shown property expert Simon Morris that the financial services sector dominated the take-up of London office space in the first half of 2015....

  • By Simon Morris On Monday, December 07 th, 2015 · no Comments · In , ,

    Simon Morris has learned that property development firm City Developments London (CDL) has recently bought a brewery in Richmond, which they’re now planning to turn into a lucrative London property development. Moving away from the centre The prime central London property market heated up in 2015. Figures from an analysis report from WA Ellis (a London estate agency) indicate that the average price prime central London property per square foot now sits at £1,832 – a 1.4% increase between...

  • By Simon Morris On Friday, December 04 th, 2015 · no Comments · In ,

    UK Chancellor George Osborne recently announced in the Autumn Statement that the government is planning to raise tax on buy-to-let properties and second homes. Buy-to-let The Office For National Statistics’ September 2015 House Price Index suggests that average UK house prices rose 6.1% in the year to September 2015; up from 5.5% in the 12 months to August 2015. Meanwhile, new data from Nationwide indicates that the UK’s supply of residential property has fallen to its lowest level since...

  • By Simon Morris On Wednesday, December 02 nd, 2015 · no Comments · In , ,

    A new report has indicated to Simon Morris that millions of pounds worth of London commercial property is currently sitting empty in certain areas of the city. This is despite the fact that in certain areas of Central London, quality commercial property stock is in short supply. Property shortage Demand for London commercial property reached unprecedented heights in 2015. According to the Wall Street Journal, 11 million square feet of office space is currently being constructed in Central...

  • By Simon Morris On Wednesday, November 25 th, 2015 · no Comments · In ,

    New figures indicate that domestic British buyers are flocking to London’s housing market, says Simon Morris. Market for foreign buyers The UK capital’s residential property sector, especially its prime central district, has traditionally proved extremely attractive to cash-rich foreign buyers. A recent report from estate agency Marsh & Parsons has revealed, however, that they are beginning to abandon the market – but domestic British buyers are starting to fill the void. Marsh &...

  • By Simon Morris On Friday, November 20 th, 2015 · no Comments · In ,

    A recent land sale in the UK’s capital city has indicated to Simon Morris that the lucrative London property development market could be going underground. Lucrative market There’s never been a better time to build property in London. The UK capital has seen house prices increase substantially and commercial investment volumes reach new heights in 2015. Also as Simon Morris previously reported, the city’s rental growth outstripped that of the rest of the UK’s in the third quarter of...

  • By Simon Morris On Tuesday, November 17 th, 2015 · no Comments · In ,

    A recent study has indicated to Simon Morris the commercial property investment in the North East of England increased significantly in the third quarter of 2015. UK market The revitalisation of the UK’s economy has lifted its commercial property market to new heights. Its office, industrial, retail and alternative sub-sectors have attracted increased volumes of investment throughout the first three quarters of this year. Carter Jonas’ recent analysis of PropertyData statistics  suggests...

  • By Simon Morris On Monday, November 16 th, 2015 · no Comments · In , ,

    New figures from Halifax have indicated to Simon Morris that the growth rate of average UK house prices increased in the year to October 2015. Rising prices It’s quite clear that the UK housing market has been growing for some time. The Office for National Statistics’ August 2015 House Price Index suggested that average UK house prices expanded 5.2% in the 12 months to August, unchanged from the rate annual of growth to July 2015. Meanwhile statistics from Halifax indicate that average UK...

  • By Simon Morris On Friday, November 13 th, 2015 · one Comment · In ,

    Simon Morris has learned that Transport for London (TfL) will initiate a major new London property development project to raise the money for the UK capital’s public transport network. Lucrative industry The UK’s capital city has developed one of the most lucrative residential property sectors in the world. London’s house prices are rising all the time; the latest Rightmove Index suggested that the city’s average house price increased 9.8% in the year to October 2015. This has spurred...

  • By Simon Morris On Thursday, November 12 th, 2015 · no Comments · In ,

    New data has suggested to property expert Simon Morris that the number of residential property sales in the UK rose during September 2015. Robust market The UK’s residential property market has recorded impressive growth rates throughout 2015. The Office For National Statistics’ (ONS) August 2015 House Price Index showed that the country’s average house price expanded 5.2% in the year to August 2015. This is the same rate of growth as that recorded in the 12 months to July 2015. The...

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