Student Housing, One of the Most Hyped Asset Classes, Runs Out of Students by Nick Corbishley • May 24, 2020 • 123 Comments Here’s the story of two student housing REITs in the UK that crashed.
What Horrified Fund Managers, Banks & UK’s Pension Minister Said About the Bank of England’s Sudden “We Don’t Rule Out” Negative Interest Rates by Nick Corbishley • May 22, 2020 • 71 Comments “The stimulus the country urgently needs is not experimental and dangerous monetary policy.”
Non-Paying Tenants Trip Up Land Securities, Once UK’s Largest Commercial Property REIT. Stock Plunges by Nick Corbishley • May 14, 2020 • 39 Comments The industry exhorts the government to call out “can pay, won’t pay” retailers, many of them global brands that avoid paying rent despite their cash reserves.
Airbnb Gets Disrupted. Hosts, “Super-Hosts” Try to Survive. Apartments in Prime Locations Suddenly Flood Rental Market by Nick Corbishley • May 12, 2020 • 129 Comments Big driver behind soaring rents — the “Airbnb effect” that removed countless properties from global cities’ long-term rental markets — reverses.
Supermarket Sales Jumped, Alcohol Sales Spiked 33% & Online Grocery Sales 100%, But “Non-Food” Sales Collapsed by Nick Corbishley • Apr 25, 2020 • 141 Comments How the Virus Crisis Flipped UK Retail Sales Upside Down.
“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries by Nick Corbishley • Apr 14, 2020 • 52 Comments Part of the problem is cultural: big banks in the UK don’t like lending to small businesses, especially not at 1.5%.
Farm-Labor Crisis under COVID-19 Sends Countries Scrambling by Nick Corbishley • Apr 13, 2020 • 149 Comments Miserable, crowded living conditions of Europe’s foreign farm workers put them at much greater risk. And they’re staying away.
Lockdown Hits UK Commercial Real Estate, Retail Landlords & Their Investors: Most Property Mutual Funds Suddenly “Gated” by Nick Corbishley • Apr 5, 2020 • 101 Comments Never before have so many property funds shut the doors on so many property investors.
After Epic “Run on the Funds,” 10 More Real Estate Mutual Funds Shuttered as COVID-19 Batters UK Property Values by Nick Corbishley • Mar 20, 2020 • 83 Comments Triggered by the belated realization of the risks in mutual funds that offer daily liquidity but invest in illiquid assets.
Mall Giant Intu Warns of Bankruptcy: First, the Meltdown of Brick & Mortar Retail, Now COVID-19 by Nick Corbishley • Mar 15, 2020 • 48 Comments Local governments end up buying dying malls to keep them from becoming dead zones.
