Property brokers may succumb to M&A in battered UK market
London
WITH no let-up in sight for listed UK real estate agents, the companies could find themselves the targets of a wave of M&A activity.
So say industry analysts and executives, who note that traditional high-street players like Foxtons Group plc and Countrywide plc face a stagnant housing market while losing market share to online competitors. Investors are running out of patience - their shares have tumbled by almost a quarter and more than half in the past year, respectively, compared with a modest gain in the FTSE Small-Cap Index.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand