Residential Property Review – December 2023 

Sellers knock £18,000 off asking prices  Sellers accepted an average discount of £18,000 on their property sale in November 2023 – the highest average price cut in five years.   This is according to property portal Zoopla, which stated that high mortgage rates are continuing to impact housing affordability for buyers – meaning that sellers are […]

Commercial Property Review – December 2023 

‘Grey’ warehouse space on the rise  According to recent analysis by Jones Lang LaSalle (JLL), real estate and investment management services provider, ‘grey’ warehouse space is increasing.   Classified as available space unofficially marketed for either sublease or assignment, grey warehouse space has historically been limited to smaller pallet storage space, less frequently associated with warehouses […]

Gender division extends to money matters

Despite women’s earning power increasing significantly over recent decades, the division of financial responsibilities does not appear to have evolved.  A survey1 of 4,000 UK adults earlier this year found that women still typically have greater oversight of domestically focused financial matters, such as household costs (67% of women versus 51% of men) and utility […]

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