LONDON Aberdeen Asset Management has reduced the levy on withdrawing from its UK property funds, it said on Thursday, as a surge of investor redemption requests following Britain's vote to leave the European Union began to slow.
LONDON Asking prices for British residential property slipped slightly more than usual after last month's vote to leave the European Union, though the overall impact remains hard to judge, figures from property website Rightmove showed on Monday.
LONDON, British construction output fell sharply in May during the run-up to the vote on European Union membership, suggesting the sector may drag on economic growth in the second quarter.
LONDON Last month's Brexit vote had an immediate impact on Britain's housing market, causing buyer interest and expectations of future sales to wither at the fastest pace in years, a survey showed on Thursday.
LONDON The manager of fund firm Henderson Global Investors' frozen UK property fund has put the London headquarters of British private bank Coutts up for sale, a source familiar with the matter said on Tuesday.
FRANKFURT/ LONDON The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers.
LONDON Great Portland Estates, a central London property and investment company, said it expected the Brexit vote to hit economic growth and confidence in the British capital, taking a toll on commercial property markets.
LONDON British house prices rose at their slowest annual pace in nearly a year in June, before the country voted to leave the European Union, mortgage lender Halifax said on Thursday.
LONDON The number of British property funds suspended after the country's vote to leave the EU more than doubled on Wednesday, leaving over 18 billion pounds frozen in the biggest seizing up of investment funds since the 2008 financial crisis.
LONDON M&G, the fund management arm of insurer Prudential, has suspended trading in its 4.4 billion pound ($5.74 billion) UK property portfolio and feeder fund, the firm said on Tuesday.