LONDON-FPDSavills Residential Research Department predicts that average UK house prices are set to grow by 12% during the next 12 months. Growth in the prime UK housing markets will be much weaker with capital values in prime Central London expected to rise by just 4% over 2003.
LONDON-Shopping centres and retail outlets saw an 11.3% decrease in shopper numbers on Christmas Eve but an 8.6% increase on Boxing Day (26 December) this year compared to the same days in 2001, according to figures released by the FootFall Index.
LONDON-Estate agent Hamptons International believes rents will recover in 2003, especially in areas outside London. However, the capital could be in for another bumpy ride in the next 12 months.
LONDON- The auction market continues its irresistible rise. Allsop & Co's December commercial auction saw 197 lots sold for a total of GBP111.54 million ($178.87 million).
LONDON-Despite stable rents for warehouses around Heathrow, the area maintains its record for the world's most expensive industrial rents. A new report looks at prospects for UK airports.
LONDON-Estate agents and mortgage companies are flatly contradicting each other with data on the residential property market. It makes 2003 a tricky year to call.
CANNES-Italian state railways has won a gruelling 15-month tender to refurbish and manage three Czech railway stations including Prague Central Station. In return, it will control the running of these stations for the next 30 years
LONDON-A new development and investment company has achieved a mighty pounds 8 ($12) per sf for two small units on Moorside Road. It is Surrey-based Nationwide Developments first scheme.