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...Canary Wharf has also been challenged by the departure of key tenants, as it works to diversify the estate. The group is burdened with £3.7bn of net debt....
...He added that the party would increase the surcharge on stamp duty paid by non-residents on UK property from 2 per cent to 3 per cent, raising £25mn a year....
...The district now includes more than 1,000 rental flats, with more than 3,500 people living in the area according to CWG....
...Legislation would be necessary to stop them passing on the tax in full to tenants....
...Official data published on Wednesday showed headline inflation slowed less than expected to 3.2 per cent in March....
...There were large regional variations, with house prices rising at an annual rate of 4.8 per cent in Scotland but contracting 3.9 per cent in London....
...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....
...The pace of UK rental growth is easing, in a sign of respite for tenants after soaring rises in recent years....
...Higher borrowing costs on mortgages prompted some landlords to pass on increases to tenants or sell their properties....
...Vacancy rates at British Land’s flagship Broadgate development are 3 per cent. Employers, it seems, are hoping that shiny new canteens and gardens will entice their teams back....
...On his $3,000-a-month salary, he can easily afford the $620 rent on his large studio flat in a luxury building in Palermo....
...Shares in British Land were up 3 per cent on Monday but remain down 17 per cent this year....
...The previous peak in London’s rental problem was in 2017, when the ratio of rental prices to wages reached 50.3 per cent....
...An average of 25 tenants are chasing each available home, according to property website Rightmove....
...Assuming a typical yield of 3.8 per cent, it roughly justifies the building’s price tag....
...When the freeze ended on March 31 this year, it was replaced by a cap on increases for those tenants of 3 per cent a year — or up to 6 per cent in some exceptional circumstances....
...In Vienna on Monday, the administrator for the group’s central company, Signa Holding, said it alone was facing €3.5bn more in claims from creditors than previously disclosed....
...The population has swelled from about 3.4mn in 2012 to 3.8mn last year....
...Justin Moy, managing director at broker EHF Mortgages, said the figures made “grim news for tenants”....
...More than 3,500 people already live in the area, according to CWG, and there are more than 1,000 rental flats there....
...Leila Abboud’s article “Landlords in a bind as France imposes tough green rules on properties” (Report, January 3) outlines a policy being introduced to ensure that tenants no longer have to live in energy...
...Last year it bought a $3.5bn loan portfolio from PacWest Bancorp, which was then desperate to raise liquidity. Together with RXR, it has seeded the new fund with $500mn....
...STDC has already spent more than £3.1mn on legal fees in the case, according to board papers published in February....
...Shares in the company were up 3 per cent by Tuesday afternoon. Meta declined to comment....
...Tenants who survived the worst now thrive, delivering better cash flows. Retail property valuations peaked in 2015. Since then they have more than halved....
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