Bank of England reverses from ‘catastrophic’ scenario
Bank of England Governor Andrew Bailey is expected to make ‘u-turn’ statements next week following his ‘grossly exaggerated’ forecasts for the UK economy’s 2023 outlook. The Bank of England will publish its latest quarterly Monetary Policy Report on Thursday, setting out the projections used by interest rate policymakers to set interest rates. Bailey had warned […]
Bank of England boss Andrew Bailey set to stage U-turn
Andrew Bailey will stage a humiliating U-turn next week as he is expected to row back on ‘grossly exaggerated’ forecasts about the UK’s looming recession. You can read the full article here. You can read the Turkish translation of this article in full at this link.
Vodafone agrees sale and partial leaseback of UK HQ amid downsizing
The campus, which spans seven buildings in Newbury, Berkshire, has been acquired by IQON Capital on behalf of Saudi investor Aljazira Capital for an undisclosed fee, with Oval Real Estate acting as asset and development manager for the site. You can read the full article here. You can read the Turkish translation of this article […]
Knight Frank predicts record year for BTR
The property consultacy reported that £1.435bn was put into BTR during the period. The last time the sector recorded investment above this level was in Q3 2020, when it reached almost £1.9bn. You can read the full article here. You can read the Turkish translation of this article in full at this link.
Landlords forced to raise rent as mortgage rates rise
Superscript, the landlord insurance provider, conducted a survey of around 600 UK residential landlords. Half of all respondents said they have already increased rents on their leased properties, with another 40% saying they have yet to increase rent but intend to do so if the Bank of England raises interest rates further. You can read […]
Property sector gives energy price cap a cautious welcome
Ministers have thrown businesses a winter lifeline by cutting their expected power costs in half, but many in the property sector are still demanding longer-term security against sky-high gas and electricity bills. You can read the full article here. You can read the Turkish translation of this article in full at this link.
UK firms prepare for recession but still plan to invest
Nearly two thirds of chief financial officers quizzed by Deloitte thought a recession was coming in the next 12 months caused by the surge in inflation You can read the full article here. You can read the Turkish translation of this article in full at this link.
UK fintech investment grew 24% in H1 2022
The total capital invested in fintech globally for the first half of 2022 has flatlined year-on-year at £49.1bn You can read the full article here. You can read the Turkish translation of this article in full at this link.
Bradford wins UK City of Culture 2025 bid
Bradford has won the competition to be named the UK’s City of Culture for 2025. The decision was announced on The One Show on BBC One by Culture Secretary Nadine Dorries. You can read the full article here. You can read the Turkish translation of this article in full at this link.
UK property prices rise at the fastest rate for 18 years
Imbalance between supply and demand continues to drive up prices despite cost of living crisis The average house price for the UK now stands at £294,845. House prices in the UK rose at the fastest annual rate in 18 years last month as demand – especially for larger homes – continued to outstrip the number of […]