Page 2 - Capital Values News Today

Well, lets take an example of somewhere like london, which is an interesting city because weve got three office markets there broadly. weve got the west end office market, so thats the area around mayfair, oxford street, bond street. weve got the city of london around the bank of england, then weve got canary wharf out on the east side. if you look at the vacancy rates in those different office areas, so in the west end, where there are bars and shops and theatres, you have the lowest vacancy ra...

Rates, just 4—6%. in the city of london which is more traditional, 8—10% vacancy, and in the very office heavy and at canary wharf, sort of 15 — 17% vacancy. what it is showing is we have demand for offices in some of the areas where people want to go. what holds up property valuations is the rents that people want to pay, so super prime, premium rents are holding up, people very much want those sorts of offices and so that is supporting those sorts of capital values. so we see the super p...

Where people want to go. what holds up property valuations is the rents that people want to pay, so super prime, premium rents are holding up, people very much want those sorts of offices and so that is supporting those sorts of capital values. so, we see that super premium offices probably have a 20% premium over more traditional standard offices. during the pandemic, rents actually held up surprisingly well, people continue to pay their rent. the other component for property values is interest...

A single mum who suffered a panic attack when discovering her new Auckland Council rates bill now says she will be forced to sell her home as the cost of l

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