The Overall Index in November 2023 recorded a decrease of 2.3% compared with October 2023.

The average number of offers per deal increased by 16% in November 2023 from the end of 2022.

According to Savills the outlook for global property is becoming more positive.

Household net wealth in euro area increased by 29% over last five years, with homeowners’ net wealth increasing more than that of non-homeowners.

It will then recover slightly with a 0.5% increase in 2025, DIW said.

According to local market participants the workforce shortage is estimated at c.200,000 people.

Hawthorne House is being built in Farthingale Walk, Stratford, and is replacing the former office block Jubilee House, which has now been demolished.

The interest rate spread between new deposits and loans increased to 5.75 percentage points.

Built in 2002, the buildings offer approximately 14,000 sqm of office space and 273 parking spaces.