Ethics is a system of moral principles where there is a distinction between acting in a good way or in a wrong way. In 1943, French writer Somerset Maugham stated that people accept the importance of the virtues of integrity and self-sacrifice, but that this meant nothing compared powerful incentive of self-interest. In contrast to what he referred as ‘correct virtues become habits’, a great part of real estate business nowadays operate in the exact opposite way. A great deal of real estate agents act with the wrong ethical principles. Real estate is a business which involves a series of vague regulations and laws considering the matter of business ethics. There has been an increase of reports of ethical financial misconduct regarding real estate offices in the United Kingdom. To manage the code of conduct in different firms it is of great importance that the regulations are unambiguous and clear in order to avoid doubt and uncertainty. The fact that there is still a misinterpretation of the ethical regulations inhibits real estate firms from implanting the right code of conduct to surveyors and delays the growth of the real estate market in the United Kingdom.
MOUNT Street Loan Solutions is doing a roaring business. The London-based loan servicing firm has expanded from five to 30 employees in two years. Its assets under management have doubled to £11 billion ($20.6bn) since March.
According to data from Knight Frank, the London office market produced its best performance since 2000 last year with take-up of office space in central London rising by 16% to 15.9 m sq ft. This is well ahead of the ten year average figure of 13.0 million square feet.
Knight Frank is reporting this week the total volume of hotel investment transactions in the UK increased by 90% in 2014, reaching an impressive eight year high of £4.3 billion ($6.5 billion).
According to CBRE, the European Central Bank (ECB) unveiled a EUR 1.1 trillion quantitative easing package to stimulate the Eurozone economy for the next 18 months and this will have a mixed impact on the APAC real estate market.
Market conditions are now firmly in the landlords' favour. High levels of take-up and constrained development activity over recent years have seen vacancy rates drop dramatically from their 2009 peaks.
British Land and GIC have submitted a planning application for the refurbishment and extension of 100 Liverpool Street, to create an as new building totaling around 515,000 sq ft of office and retail space
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