Day: July 2, 2020

Demand for out of town office space is booming

Enquiries for out of town office locations have increased over the last month, as the appeal of car parking and the ability to social distance sees a shift from the city centres.

“I wouldn’t say people are deserting cities, but what we are seeing is a clear short-term spike in interest in office sites with car parking and smaller private office suites”, explains Jonathan Ratcliffe from Office Agency, “it’ll be interesting to see if this continues into the medium-term”.

The Post-Covid office market is quite different to what it was before. Employers are listening to what their staff are asking for, and there is a clear shift away from busy areas and public transport. Out of town sites are usually on the outskirts of town with good transport links, enjoy more green space and are ideal for those now driving to work.

“City centres are usually extremely poor

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House price growth ‘turns negative for first time since 2012’

The annual rate of house price growth has turned negative for the first time since 2012, according to a closely-watched measure.

The Nationwide Building Society’s monthly index covering June showed average values falling by 0.1% year on year following a 1.4% decline on the previous month.

That followed a 1.7% fall during May – the largest monthly drop in 11 years as the country remained in hibernation during the second full month of the coronavirus crisis lockdown.

The government eased restrictions on the housing market in England in mid-May but data published by the Bank of England earlier this week showed the lowest number of mortgage approvals on record during that month as activity remained muted.

Nationwide’s chief economist, Robert Gardner, said a further easing of broader lockdown measures in the coming weeks was likely to lead to a slight pick-up in interest but the medium-term outlook remained highly uncertain

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ASX gains 1.6% as Afterpay hits $68

The Australian stock market has hit its highest level since June 11, with gains across the board as Afterpay continued its stunning run by soaring 9.5 per cent to a new all-time high.

The benchmark S&P/ASX200 index finished up 98.3 points, or 1.66 per cent, at 6,032.7 points, in its best performance in two weeks.

The broader All Ordinaries index finished up 101.3 points, or 1.68 per cent higher, at 6,142.3.

“Clearly a reasonably strong day on the market today,” said SG Hiscock & Company portfolio manager Hamish Tadgell.

“It’s been driven by pretty broad gains across the market today,” Mr Tadgell said.

Mining was the only sector that didn’t join the rally, with goldminers taking a break after several days of strong gains and the diversified miners subdued.

Buy now, pay later giant Afterpay led the tech sector higher, closing at $68.16, up 133 per cent since the start

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Why RIA Intel has been successful

Greg Bartalos, the editor of RIA Intel, a website from Institutional Investor, writes about the reason for its success as it turns one year old.

Bartalos writes, “Over several weeks and interviews, pressure built as I struggled to find a reporter. I was admittedly extremely picky but, given that RIA Intel was a new publication (and small operation), this hire would play a critical role in determining the website’s success.

“Then, as if beamed down by a “Star Trek” transporter, Michael Thrasher suddenly materialized. When we met in Midtown Manhattan, he was brimming with energy, great story ideas, and a winning attitude. By all appearances, he had done terrific work as a reporter at for two and a half years covering industry trends and the largest wealth managers.

“Michael was soon on board and immediately demonstrated a knack for developing sophisticated story angles. His interpersonal skills, high journalistic

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