As Kyiv’s counteroffensive to liberate Russian-occupied territories slowly advances in Ukraine’s east, the drone war continues to escalate. Beyond the symbolic value of high-profile strikes against targets in Moscow, deep in the Russian heartland, and Novorossiysk, a key Russian port and export hub on the eastern shores of the Black Sea, this also has important operational and tactical implications […]
There has been much talk about offices heading for the buffers. The nightmare scenario is many thousands of office buildings being deemed virtually worthless as leases come up for renewal, leaving owners and even lenders run aground. Landlords, investors and financiers have all been looking over their shoulders nervously. This is compounded by the longstanding anxieties around retail due to […]
In 1937 the English economist Joan Robinson proposed that “when capitalism is rightly understood, the rate of interest will be set at zero and the major evils of capitalism will disappear”. John Maynard Keynes, who had taught Robinson, suggested something similar a year earlier in slightly more qualified and technical terms, arguing that this would be “the most sensible way […]
On 11 May, the Bank’s Monetary Policy Committee raised Bank Rate to 4.5%, a level last observed in October 2008. Since November last year, the Bank has also been reversing its asset purchase programme, reducing the size of the portfolio by about £33bn over the past 6 months. While the committee’s rhetoric continues to be […]
Every private banker and real estate broker I meet assures me that a soft landing is certain and Dubai property’s meteoric ascent will continue, as if we did not live through two 60% drawdowns in 2009 and 2014. My macro crystal ball told me different, so I was uber-bearish on US Treasury bonds when the […]
If being entirely honest, we’d accept our wish-lists invariably include items that, without some huge leap of wealth, opportunity, or technology, will always remain beyond us. Well, whilst most elements on my wish-list are unicorn-like, there is one wishful thought that could easily be fulfilled. I refer here to my not so much wishing on […]
It’s all a matter of judgement… It was predictable for those of us with a few grey hairs that the woke agenda would eventually be checked by a good old dose of common sense, but I will admit that it has taken longer than I had expected for there to be a major news story […]
After 39 years working as a journalist, and 17 years as the head of Sky News, John Ryley retired in May. In a series of articles for The Property Chronicle he reflects on how the news business has changed and how it will develop in the future. “It was a bright cold day in April […]
In the spring 2023 issue of the Property Chronicle, “stranded asset” was playfully cited as real estate’s phrase of the year. We tend to agree. Not only is commercial real estate (CRE) facing a once-in-a-generation disruption at the hands of remote and hybrid work, but at the same time, owners are having to deal with […]
Cambridge is a renowned global centre of innovation and recent Government announcements underscore how vital the city is to UK PLC. Just this week, levelling up secretary Michael Gove lauded the success of businesses here and outlined proposals to further incubate enterprise. This would support the ambition of his boss, Rishi Sunak, for the country […]
