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...Both Labour and the ruling Conservatives have pledged to build 1.5mn new homes over five years....
...In Great Britain overall, the average monthly rent stood at £1,200....
...He said the government was “making clear that the new system will not [be] implemented until sufficient progress has been made improving courts”, and that it was putting £1.2mn towards “court digitisation...
...More than half of rented homes in the UK are in markets with average rents of over £1,000 per month, underlining how high demand among tenants is straining affordability....
...Excluding London, Bristol had the highest average private rent of £1,734 compared with an average in Great Britain of £1,238....
...He owns 1.83 per cent of the company, according to FactSet data....
...The average UK rent has now reached £1,201 a month, £2,049 a month in London, £1,611 in Oxford and £1,565 in Brighton....
...This comes as average UK house prices decreased 0.2 per cent in the year to February to £281,000, having fallen 1.3 per cent in January....
...Between 2006 and 2020, the proportion of city residents who own their home shrank 7.1 percentage points to 53.5 per cent....
...And it is unlikely to be making anything approaching current rents from long-term tenants such as high-end (and LVMH-owned) café Cova....
...Hammerson has been working to repurpose spaces formerly occupied by traditional “anchor tenants” like Debenhams or House of Fraser by breaking up the large units and leasing them to multiple tenants....
...Once the tenant leaves, you sell,” said Stuurman....
...Landlords in turn have passed on their higher borrowing costs to tenants....
...Transactions in the first half of the year dropped to £1.9bn, down from £2.5bn a year earlier, according to Cushman & Wakefield data....
...Large institutional landlords provided just 1.7 per cent of the UK’s roughly 5mn privately rented homes, Grainger said....
...The steep increase in the valuation of the building under Signa’s ownership was justified by the rents that could be squeezed from its captive tenant....
...Under Benko’s direction, the group honed a modus operandi of buying unloved but high-potential properties in city centres, redeveloping them, inviting in ultra-luxury tenants, and then giving them high valuations...
...cap for sitting tenants....
...Policymakers should focus on other solutions, such as ways for tenants to gradually buy equity off their landlords, she adds....
...The buyer is also a tenant: Kering’s brand Saint Laurent occupies part of the building with a store. In fact, Via Monte Napoleone 8 is full of rivals....
...The move, announced on Tuesday, means the ECB will no longer occupy the offices next to the iconic “Euro” sculpture, although its 1,700 banking supervision staff will only be one block away after they transfer...
...More than 3,500 people already live in the area, according to CWG, and there are more than 1,000 rental flats there....
...It fell into foreclosure within a decade as many of its tenants went broke....
...Justin Moy, managing director at broker EHF Mortgages, said the figures made “grim news for tenants”....
...“I can’t justify paying over £1,000 [a month] for a room, especially if it’s not [going] towards a mortgage,” she said....
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