Tag: rents

LSL: Rents reach record high in July

LSL: Rents reach record high in July

A survey by LSL Property Services has revealed rents in England and Wales continue to surge, with the average rent hitting a record high last month. July represented the sixth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £705 – an all-time high. However, rental costs vary [...]

August 19, 2011 | 0 Comments More
Social housing budget slashed in Spending Review

Social housing budget slashed in Spending Review

As part of the Government’s Comprehensive Spending Review, it is understood that the social housing budget will be slashed by more than 50%. The Spending Review, which will be unveiled by Chancellor George Osborne tomorrow, will provide details of how the Government intends to slash spending by £83 billion by 2014 as it endeavours to [...]

October 19, 2010 | 1 Comment More
London’s New Bond Street is Europe’s most expensive retail location

London’s New Bond Street is Europe’s most expensive retail location

A report by property firm Cushman & Wakefield has revealed New Bond Street in London is Europe’s most expensive retail location with rates soaring by 19.4% on year. Store rents grew to £536 per square foot per year, higher than those on Paris’ Avenue des Champs-Elysees. New Bond Street is home to exclusive brands such [...]

September 21, 2010 | 0 Comments More
UK retail sales fall as consumers continue to rein in spending

UK retail sales fall as consumers continue to rein in spending

According to the Office for National Statistics (ONS), UK retail sales continue to fall as consumers continue to cut back on spending amid the recession. The official figures show that retail sales were far worse than expected by analysts after annual growth slowed to 0.4% in February, which represents the smallest increase for over 13 [...]

March 26, 2009 | 0 Comments More