Compass Prepares for 25% Downturn in Housing Market, Plans Serious Cost Cutting, Pukes All Over the Place by Wolf Richter • Aug 15, 2022 • 117 Comments Because suddenly the SoftBank-backed company, which blew $1.73 billion since 2017, is running out of runway.
Stocks in Germany, the UK, France, Italy, and Spain Plunge Below Year 2000 Levels: Buy-and-Hold Horror Shows by Wolf Richter • Mar 6, 2022 • 204 Comments Food for thought in light of the biggest stock market bubble in the US ever.
Two UK Commercial Real Estate Funds Shut Permanently, Investors Trapped, as Sector-Wide Exodus Intensifies by Nick Corbishley • Jun 26, 2021 • 84 Comments The sector was already hit hard by Brexit, then by lockdowns, and now by working from home as companies plan to cut floor space.
How the BoE & UK Government Stoke the Housing Fire by Nick Corbishley • May 10, 2021 • 35 Comments Mortgage applications spike to record, while 130,000 homeowners are on mortgage holidays, 500,000 on tailored payment plans, and over 1 million are in unmortgageable apartments due to the flammable cladding crisis.
As Flammable-Cladding Crisis Crushes Prices at Low End of UK Housing Market, Bank of England Frets about Contagion, Banks by Nick Corbishley • Apr 30, 2021 • 71 Comments The BoE is assessing if contagion from this scandal could spread to the broader housing market and cause a new financial crisis.
Flammable-Cladding Crisis in Residential Towers: The UK’s Housing Nightmare with “Mortgage Prisoners” by Nick Corbishley • Jan 15, 2021 • 110 Comments And who is going to pay? In the twisted world of “leaseholders” and “freeholders.”
Three Big Retailer Casualties in One Week: UK Retail Landlords Reel after Worst Week of Nightmare Year by Nick Corbishley • Dec 7, 2020 • 50 Comments Some property owners are more exposed to the fallout than others.
Just in Time for Holiday Shopping Season: UK Fashion Giant Arcadia Crashes into Bankruptcy by Nick Corbishley • Dec 1, 2020 • 34 Comments Asset stripping by its owner, years of brick-and-mortar meltdown, topped off by the Pandemic. Suppliers, landlords, and pensioners twist in the wind.
Amid Eviction Moratorium, Wiggle Room Tightens for Retail Landlords & Tenants in the UK by Nick Corbishley • Oct 19, 2020 • 36 Comments Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet.
Highly Leveraged Commercial Real Estate Bets that UK Local Authorities Took to Meet Budget Shortfalls Begin to Unravel by Nick Corbishley • Oct 13, 2020 • 61 Comments With impeccable timing.