News

Plan to convert iconic Audley House building into flats expected to be rubber stamped

Plans to convert one of Liverpool's most iconic department stores into nearly 200 flats will be debated and decided on next week. The proposals would see Audley House, the current site of TJ Hughes on London Road, converted and extended into 199 apartments. The famous building was created in phases between 1889 and 1913 and TJ Hughes has operated from it since 1927. You can read the full article...

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...

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 in full at this...

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...

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 the full article here. You can read the Turkish...

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...

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...

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...

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...

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 properties on the market. You can read the full article...

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