GLG News by Residential Real Estate Experts (United Kingdom)

Until a few months ago, real estate benefited from the trusting and often naively unquestioning acquiescence of investors. When property and financial markets start moving again, the strategic long-term investors will be much more demanding in what they require from their interlocutors and...

Kier is one of the major housing contractors in the UK and a significant “second division” house builder.  They have decided to exit house building and concentrate solely on building for housing associations (the main providers of affordable/social housing in the UK).    In...

Lowest Housing starts for Decades. Increasing redundancies. Improving Rental Figures. Potential Housing crisis as shortages of homes grow.

Whilst there is no doubt that there will be significant write downs on some sites in most house-builders’ land banks, the nature of the land deals for many of the sites in those land banks means that much of the pain will be felt by the original vendors of the sites rather than the house-builders t...

The opening up of timeshare by Emaar is very interesting for the following reasons:- Emaar are highly respected as probably the best developer in Dubai and are owned by the Rulers family. This is evidenced by the fact that until recently it was very difficult to obtain finance on other...

First time buyer activity is the traditional prop for the market:  despite continued high levels of household formation (225k per annum, compared with build rates of 160-180k per annum), increasing numbers of newly forming households are choosing to rent rather than buy. In parallel, buy to let...

Reduced levels of house building Reduced provision of affordable housing Increased public borrowings Loss of innovation and growth in new housing products.

“The spectre of negative equity that blighted so many households in the 90s is back with a vengeance”.  Is it?  Articles like this can be very influential in determining market sentiment so may become self-fulfilling prophecies despite the facts.

James Rossiter's article suggests that there is a difference between the current fall in UK office and retail property prices and that which occurred about 15 years ago when it took several years for the market to recover. He implies that the current downturn is likely to be shortlived and that...

BRITAIN HAS ALREADY BEEN where America is about to go: a seriously declining real estate market. The British have been there, done it, experienced the terrible damage it did, and lived to tell the tale as the market recovered. Not only that, then started the same process all over again. Boom has again...