Bracknell Real Estate – Hudson Berkshire Experience Thu, 13 Jan 2022 11:45:42 +0000 en-US hourly 1 Bracknell Real Estate – Hudson Berkshire Experience 32 32 Retailers Race For Space As Ecommerce Boom Drives Warehouse Shortage Mon, 10 Jan 2022 00:08:29 +0000 The UK is experiencing a shortage of warehouse space after demand for logistics sites increases in 2021, new research shows.

Experts at real estate consultancy Colliers said support for large industrial distribution warehouses has increased to record annual levels.

Approximately 50.7 million square feet of large distribution warehouses were purchased in 2021, an increase of 3.6% from the previous year.

He reported that the growing demand for warehouse locations has been accelerated by the growth fueled by the online retail pandemic.

The Office for National Statistics said last month that online retail sales in the UK rose to 30.1% of all sales in November, from 21.6% from the same month in 2019 , before the pandemic strikes.

Len Rosso, Industrial and Logistics Team Leader at Colliers, said: “The latest ONS figures show that consumer buying behavior has really changed over the years.

“Rents are sure to rise, driven by an imbalance of supply and demand favorable to homeowners, rising land values ​​and inflationary pressures on construction costs.”

Retail owners have banked on the continued growth of e-commerce despite the easing of restrictions linked to the pandemic.

The research also found that there was 11.1 million square feet of supply of speculatively built sites over 100,000 square feet completed in 2021.

About 75% of that speculatively developed space has already been rented or offered for sale, Colliers said.

He added that there were only about 18.1 million square feet of industrial space available for businesses, which was a record supply.

Andrea Ferranti, Head of Industrial and Logistics Research at Colliers, said: “The logistics industry continues to benefit from strong tailwinds that are pushing online consumer spending to consistently high levels.

“High levels of business activity and demand for new warehouses, due to the relentless expansion of occupant supply chains to track e-commerce sales and online deliveries, will remain high throughout 2022.

“While demand remains high by historical standards, companies will continue to struggle to find space and it is all about the survival of the fittest who will be able to expand their operations in this difficult business environment. “

Donald Trump and his two elders subpoenaed by the Attorney General of New York Mon, 03 Jan 2022 18:54:43 +0000 The New York attorney general has subpoenaed former President Donald Trump and his two eldest children in an ongoing civil investigation into the family’s business practices, according to a court record.

Attorney General Letitia James’s office said in the file it was seeking testimony and documents from Mr. Trump, Donald Trump Jr and Ivanka Trump “in connection with an investigation into the valuation of owned or controlled properties.” by the former president and his company, the Trump Organization.

Messages soliciting comment were left with attorneys in Trump’s office and Ms James.

Children of American tycoon Donald Trump, Ivanka and Don Jr (Niall Carson / PA)

The attorney general’s attempt to obtain the testimony of the former president was reported in December, but the filing of the complaint on Monday was the first public disclosure that investigators were also seeking information from Ivanka Trump and Donald Trump Jr.

The Trumps are expected to file court documents to quash the subpoenas, setting up a similar legal fight to the one that unfolded last year after Ms James’ office subpoenaed another son of Trump.

Mr Trump sued Ms James last month, seeking to end the investigation after she asked him to sit for a deposition on January 7. Mr. Trump’s lawsuit, filed in federal court, alleges the investigation violated his constitutional rights in a “thinly veiled effort to publicly slander Trump and his associates.”

Monday’s court record was the first public acknowledgment from the attorney general’s office that he had previously cited to testify Mr. Trump’s testimony.

Ms James, a Democrat, has spent more than two years investigating whether the Trump organization has misled banks or tax officials about the value of assets – by inflating them for favorable loan terms or downplaying them to achieve tax savings.

Last year, Ms James’ investigators interviewed one of Mr Trump’s sons, Eric Trump, an executive of the Trump Organization, as part of the investigation. Ms James’ office went to court to enforce a subpoena against young Trump, and a judge forced him to testify after his lawyers abruptly quashed a previously scheduled deposition.

Although the civil investigation is separate from a criminal investigation conducted by the Manhattan District Attorney’s Office, Ms. James’ office has been implicated in both.

Earlier this year, former District Attorney Cyrus Vance Jr gained access to the longtime real estate mogul’s tax records after a years-long fight that twice went to the US Supreme Court- United.

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Resilience of the South Hill Arts Center during the pandemic Tue, 28 Dec 2021 02:51:00 +0000 Over the past 18 months, a lot can be said about the devastating effects of the pandemic on the arts industry around the world. Theaters were told to close on a few hours’ notice, cast and performers were left with no income, and arts centers across the country were relentlessly shocked by what was happening.

Bracknell’s South Hill Park found itself in this situation in March 2020. After nearly 50 years of operating as a national charity, they had entered a situation where, as an artistic venue, they had failed. were never found before.

Overnight, performances stopped, music and art classes were canceled, and the lights went out on the stage at the Wilde Theater.

South Hill Park General Manager Craig Titley spoke to me saying:

“Like all arts organizations in the UK, when we were told we were due to close in mid-March of last year, that meant over 80% of our revenue stopped overnight because that we are an arts center where we have people attending in person.

“At the time, we had to cancel everything, which was a huge task, as with all sites. We had to reschedule and at the time we thought a little naively that we would be open again in the fall or spring.

With 65 of the 70 employees on leave, Craig told me the number one priority was to make sure the arts center was always on people’s minds when they were sitting at home, working, or are on leave.

“It started out as sorting through the bookings and then looking at what we were going to do financially, as it costs $ 1.2 million a year to run South Hill Park before we schedule any arts.

“We had the same spending levels as our income fell. ”

“We could see other sites were shutting down permanently within a few weeks, so it was a matter of protecting this building and planning as much as possible, given the information we had.”

The biggest investors in South Hill Park and its arts hub have always been Bracknell City Council and Bracknell Forestry Council. As owners of the estate and their 2 main stakeholders, they are proud of the work South Hill Park creates for the local community as a charity and have kindly continued their fundraising even though they were closed.

As a service provider, their main challenge was how to continue providing some kind of service to local residents without buildings.

Titley explained, “Most of the planning that I do is one year, 18 months, even 2 years in advance and all of a sudden we found ourselves in a situation where we had nothing. So like a lot of places, we had to think about how we might move some of our business online.

Credit: Jayne Naylor

Throughout the many blockages, the South Hill Park Arts Center created initiatives that created a new sense of community for local residents.

“We had something called ‘On Your Doorstep’ where we would invite people from the local community to film themselves, sing, dance or do a magic trick and we shared that on social media.”

Podcasts were created, focusing on local artists and broadcasting interviews with them.

“It was hugely different, but we were providing something, and as we stepped into the New Year, we started a ‘Home Singing’, which was our virtual choir. There were about 300 people who participated and you could only sing for an hour, but know that you were doing it with a group of other people.

Throughout the pandemic and particularly as the lockdown began in March 2020, South Hill Park administrators met daily to support Craig and the management team as things changed on a daily basis.

Craig commends the local parish councils of Bracknell, Winkfield and Crowthorne for their contribution, to ensure they were able to open safely. This included putting in place risk assessments and Covid measures on the site as visitors started to return.

In June 2020, South Hill Park launched its fundraising campaign. With funds exhausted and the cultural revival fund far removed, they had no idea of ​​the answer. Over the next year their expectations were blown out of the water, raising a total of £ 120.00 through donations from people in the community alone.

Craig said, “We know South Hill Park is loved locally and we know people are passionate about it. I would say more than a lot of other places.

“There seems to be a real sense of belonging with South Hill Park in the local community. But we were asking people to give us money and we didn’t know how people would react.

“At the end there was a real feeling of; we cannot afford to lose our arts center, and they were willing to contribute.

“In the end, people really got together to contribute. I think the idea that it could shut down and be permanently barricaded was a definite no-no to a lot of people.

At the time, the appeal was launched with a video of Kenneth Branagh who, as one of their patrons, has a long family history with South Hill Park.

Throughout the pandemic, people for miles around have also planned and scheduled fundraisers where they could for the arts center. For example, a local parish councilor known locally for creating an annual calendar to raise money for a charity decided that South Hill Park was the charity he wanted to work with last year.

Bracknell News:

“In July 2020, artists and bands across the region who couldn’t perform unless they had an online platform began to come forward. People were going back to the park grounds, which a lot of people do over the summer, and the musicians and artists we are willing to play to help our campaign.

Depending on the location, the fundraising campaign has made more people aware that South Hill Park is a charitable, non-profit service provider.

They said that as time passes and funding levels decline, the arts center will always count on the continued support of the local community in order to continue to deliver the exceptional program they have had for 50 years.

Tilbert said: “We may not have had this opportunity, without the covid, to really cry out about the charitable status of the organization.”

Thinking back to March 2020, it’s so easy to think about the negativity the past 18 months have brought. However, for South Hill Park it was an opportunity to think in a different way and shift their thinking process to what kind of place they want to become in the future.

To accommodate people who are isolated and working from home, some of the classes run by the arts center have moved online and now continue to do so.

Craig said: This is something we have never thought of before and especially accommodation for people with access needs who would like to come here but think they cannot come here due to transport or that they have mobility problems.

“The more we can do, the more these people can participate in an artistic activity in their own homes.

“We’re not just an arts center, we believe the arts can transform lives. We believe it is the arts, if you participate in it builds confidence, opens up horizons and improves people’s skills in what they can do. It nurtures talent and we do it through the arts. ”

From the start, South Hill Park was committed to protecting the arts center for the future and seized every opportunity to ensure the survival of the charity. This included arts council nominations, expense minimization, and fundraising campaigns, which kept the entire art center running surprisingly well.

Craig said:

“I’m really glad we didn’t have to lay off and we didn’t have to cut anyone’s pay during this time. This is unfortunately not the case for other sites. Everyone works very hard to make sure that we are able to deliver what we do every day.

“As an arts center, we’ve been there to support the local community in many ways, but we’re going to do a lot more, focusing on health and wellness and how the arts can support various organizations. charities and organizations in our community by working alongside them. . We have strengthened our “Participation in Learning and Community Engagement” team because strategically this is important to us. Whether it is mental health, physical health, socio-economic groups, children or retirees.

“From 2022 we are planning a lot more of this activity where we use the center and the arts to support individual groups and improve their lives, even if they only have one experience.”

With casual performances and screenings available for every production, now everyone has the opportunity at South Hill Park to experience the arts in the atmosphere of their choice.

Craig tells me about their relaxed panto performances this year, saying, “It’s a safe space where if you get up and dance because you have a hard time sitting down or are a little vocal, no one will judge you. We had a lot of families for the panto this Christmas and we had a lot of feedback.

Bracknell News:

“There was a young boy who was very scared just in the environment of being at the theater and the family was worried he would not attend. One of the ugly sisters came downstairs spoke to him, reassured him, put him at ease and it went from one of life’s most terrifying experiences to absolutely loving him at the end. of representation.

“It’s these anecdotal stories that remind all of us why we are here and why we want to do more to just improve people’s lives.”

As the Association’s CEO, Craig is passionate about how the association and the local community work together to create and share so many rewarding experiences. He said:

“I have worked in the arts for over 30 years and worked in beautiful old theaters, but there is something very special about South Hill Park.

“Compared to many places in the country, the diversity and range of what we offer, from cinema, comedy to the cellar, the multiple specialists in visual arts courses and the exhibitions we present make the want a lot of places and we’ve been doing it for almost 50 years now, so I think people just wanted to make sure we could get into the next 50 in a good position.

With things not 100% back to normal, the arts center predicts that everything will be fully operational in 6 months with performances and screenings returning to their original capacity. The Wilde Theater is already sold out and shows, with a full program booked until 2023.

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Selfridges sold to Thai and Austrian billionaires for £ 4bn Fri, 24 Dec 2021 10:20:13 +0000 Historic retailer Selfridges was bought out for around £ 4 billion by a partnership of billionaires from Thailand and Austria.

The deal marks the end of nearly 20 years of ownership of the luxury department store giant by the Weston family, after months of negotiations with its new buyers.

Central Group, controlled by the Thai family Chirathivat, and Austrian real estate specialist Signa Group, will take control of Selfridges in a 50-50 joint venture.

It is understood that they have rejected a series of competing offers, notably from the Qatar Investment Authority, which owns Harrods.

The deal with the Westons will include the retailer’s four UK stores – two in Manchester, one in Birmingham and its flagship site on Oxford Street in London – as well as 14 other stores including Arnotts and Brown Thomas in Ireland.

The company dates back to 1908, when it was founded by Harry Gordon Selfridge, and has been owned by the Westons since 2003.

The Weston family – who also own Fortnum & Mason and majority control of the owner of Primark ABF – kicked off the sale process in June, months after the death of W Galen Weston, who oversaw the move to take over the department store.

Alannah Weston, president of Selfridges Group and daughter of Galen Weston, said the move speaks to her father’s “vision for an iconic group of gorgeous and truly experiential department stores.”

“Creative thinking has been at the heart of everything we’ve done together for almost twenty years, and sustainability runs deep in the business,” she added.

I am proud to pass the baton on to the new owners who are family businesses who have a long-term vision.

Selfridges was founded in 1908 by Harry Gordon Selfridge (Stefan Rousseau / PA)

Selfridges has ignored the broader struggles facing department store rivals such as House of Fraser in recent years as the luxury market has continued to strengthen.

Before the impact of the pandemic, Selfridges had doubled its profits and seen sales growth of more than 80% since its takeover by the Westons.

The family has received more than £ 580million in dividends from the business over the past decade, but has also invested in improving the store experience, with new concepts including an indoor skate park in his London store.

Central Group is a family-owned conglomerate that started in Bangkok but went global when the founder’s son, Samrit Chirathivat, opened Thailand’s first department store in 1956.

It now has 3,700 stores worldwide, from supermarkets to electronics stores, including department stores in Europe.

Christmas in Selfridges 2021
Retailer’s ‘Christmas of Dreams’ display for 2021 (Aaron Chown / PA)

Central Group non-executive director Vittorio Radice ran Selfridges between 1996 and 2003 and has been running a department store in Italy since 2006.

Tos Chirathivat, Executive Chairman and CEO of Central, said: “It is a privilege to acquire Selfridges Group, including the flagship store on Oxford Street, which has been at the center of London’s most famous shopping street for over 100 years old.

Signa is a real estate and retail group founded by Rene Benko in 1999 and owns properties including the Bauer Hotel in Venice and half of the Art Deco Chrysler Building in New York.

Dieter Berninghaus, Chairman of the Board of Signa, said: “We are delighted to acquire Selfridges Group in partnership with Central.

“Together, we will work with the world’s greatest architects to sensitively reinvent the stores in each location, transforming these iconic destinations into modern, sustainable and energy-efficient spaces, while remaining true to their architectural and cultural heritage. “

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Selfridges sold to Central Group and Signa Holding Fri, 24 Dec 2021 05:33:33 +0000 The Weston family sold the Selfridges luxury retail group to retailer Signa Holding and real estate company Central Group.

A statement released Friday by Central Group said the acquisition “would create one of the world’s leading groups of omnichannel luxury department stores.”

The sale was made for £ 4 billion, the BBC reported.

The Selfridges portfolio includes 18 department stores in England, the Netherlands and Ireland.

They will be part of the combined portfolio of Central and Signa department stores, which includes Rinascente in Italy, Illum in Denmark, Globus in Switzerland and The KaDeWe Group in Germany and Austria.

Selfridges was founded in 1908 by Harry Gordon Selfridge. W Galen Weston purchased the Oxford Street flagship store Selfridge in 2003 and formed the Selfridges Group in 2010.

Selfridges Group President and surviving daughter of W Galen Weston, Alannah Weston, said the acquisition was “a testament to the successful realization of my father’s vision for an iconic group of beautiful, truly experiential department stores.”

“Creative thinking has been at the heart of everything we’ve done together for almost twenty years, and sustainability runs deep in the business.

“I am proud to pass the baton on to the new owners who are family businesses who have a long-term vision.

“I know that they will fully embrace this vision and continue to give our incredible team the means to strengthen the Group.

The Central Group opened Thailand’s first department store in 1956 and now has approximately 3,700 stores worldwide.

Managing Director Tos Chirathivat said it was a “privilege” to make the deal.

“As family-owned businesses, Central and Signa will focus on providing exceptional and inclusive shopping and digital experiences for local residents and overseas visitors, to ensure that we can give all Selfridges Group stores a bright future for the next 100 years. “

Signa Holding was founded in 2000 and is Austria’s largest private real estate company.

Signa Chairman of the Board, Dieter Berninghaus, said: “Together we will work with the world’s leading architects to sensitively reinvent the stores in every location, transforming these iconic destinations into modern, sustainable and thrifty spaces. in energy, while remaining faithful to their architectural and cultural heritage. .

“We plan to realize the vision of the late Galen Weston to deliver his blueprint and create a high-quality experience retail environment for our customers and brand partners.”

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See how much these iconic Christmas houses from film and TV are worth today Wed, 22 Dec 2021 18:05:00 +0000

The house plays a central role around Christmas time, and movies and TV shows are sure to be featured hot andwelcoming homes at the center of their stories.

Corn How many would these famous houses to bevalue in today’s real estate market?

The most expensive iconic Christmas house is the one and only estate of Highclere Castle (pictured above), home to the spectacular Crawley family of Downton Abbey.

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Located in the heart of Berkshire, it is today estimated to have a market value of £ 137million.

In recent years, Sherlock Holmes has become more and more associated with the Christmas period, and her iconic home at 221b Baker Street in central London has a current market value of £ 4.4million, while Absolutely Fabulous Edina Monsoon lives in a townhouse on Holland Park Avenue in London which is worth around £ 3.3million.

Tourists line up outside the former home of the fictional character Sherlock Holmes in London, England. (Photo by Dan Kitwood / Getty Images)

Perhaps the most iconic Christmas house of all is the McCallister Residence at Home Alone. Located on the outskirts of Chicago, it’s estimated to be worth £ 2.3million.

But not at all our best known and loved cinema and television Christmas houses are the reserve of millionaires.

Some of our favorite party families live in much more humble abodes, including Stacey and Gwen West of beloved Gavin and Stacey.

Their home on Trinity Street in Wales’s Barry is currently worth £ 229,000, while the Dursley and Young Harry Potter’s House, located at 4 Privet Drive in Bracknell, is valued at just under £ 400,000.

The house where Harry Potter lived in the movie “Harry Potter and the Philosopher’s Stone”. Featured in the film as 4 Privet Drive, Little Whingeing, Surrey, the real address is Picket Close, Bracknell. (Photo by Warren Little / Getty Images)

Other iconic Christmas homes include James Bond’s family home, Skyfall Lodge (£ 2million); Buddy’s Dad’s Manhattan Apartment to Elf (£ 1.2million); Bridget Jones’s Borough Market flat (£ 1.2million); The bachelor pad of Will Freeman (Hugh Grant) in About A Boy (£ 949,000); The chalet of Iris (Kate Winslet) in The Holiday (£ 675,000); and Del Boy’s apartment at Nelson Mandela House, Peckham (£ 513,000).

Is Skyfall your favorite Bond movie? Here is a reminder of the 25 …

Adam Kumani, CEO and co-founder of the real estate portal Move Streets, who conducted the research, said:“While you would expect a house as impressive as the one featured in Home Alone to set you back a bit in today’s market, there is no doubt that Del Boy would be surprised to see his Peckham apartment approaching half a million. of books.

At the rate at which the UK housing market is changing, who knows, maybe this time around next year they could be millionaires.

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Iconic cinemas that are real places – from Downton Abbey to Harry Potter Mon, 13 Dec 2021 09:43:06 +0000

It’s arguably the most famous house in movie history… and today fans of the iconic festive film Home Alone have the chance to stay there for just one night.

The movie franchise’s £ 1.2million real home, starring Macaulay Culkin as Kevin McCallister, is located at 671 Lincoln Avenue in Winnetka, Illinois

Now the six-bedroom mansion has been booked on Airbnb and guests will even have the chance to set traps, reminiscent of the plot of the 1990 film.

But this is not the only property on the big screen that is a real place as revealed by James Moore …

Harry potter

Harry Potter Home is a £ 435,000 three-bedroom property in Berkshire

In 2001 Harry Potter and the Philosopher’s Stone, the orphan wizard played by Daniel Radcliffe lives at No4 Privet Drive, Little Whinging, with his uncle Vernon and Aunt Petunia.

In fact, the £ 435,000 three-bedroom property is located at 12 Picket Post Close in Bracknell, Berkshire.

Fighting spirit

The 1982 Steven Spielberg horror film is set in Cuesta Verde, California, in a house built on an old cemetery.

The real one is at 4267 Roxbury Street, Simi Valley. The film would have been cursed after the death of several of its stars.

Downton abbey

Highclere Castle
The property of Downton Abbey is actually Highclere Castle in Hampshire

Star of the 2019 TV series and film, Lord and Lady Grantham’s home at Downton Abbey is believed to be in Yorkshire. It is actually the 300 bedroom Highclere Castle in Hampshire.

Dating back to 1679, the 5,000-acre estate is home to Lord and Lady Carnarvon.


The scary film stars Nicole Kidman as a woman who is convinced that her gothic mansion in Jersey is haunted.

In fact, the house used was the Palacio de Los Hornillos in Cantabria, Spain. It was designed by a British architect.

Amityville Horror

Exterior of the house known as "Amityville Horror"
The house known as “Amityville Horror”

After Ronald “Butch” DeFeo killed six members of his family at 112 Ocean Ave, Amityville, in 1974, the Lutz family moved in. They fled after 28 days, claiming he was haunted.

The 1979 film used 18 Brooks Road in Toms River, which was recently damaged by fire.

Diamonds are forever

Remember the scene from the 1971 Bond movie where Sean Connery’s 007 fights Bambi and Thumper in villainous Willard Whyte’s mansion?

It is a real futuristic house, embedded, embedded in a cliff and with a superb swimming pool.

The £ 6million house at 175 Southridge Drive in Palm Springs, California was built for designer Arthur Elrod in 1968.

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Bracknell Primary School celebrates OFSTED ‘good’ grade Wed, 08 Dec 2021 15:01:26 +0000 Staff and students at a primary school in Bracknell celebrate after receiving a “Good” rating from OFTED for the school that was once considered “Insufficient”.

Jennett’s Park Church of England Primary School was recently inspected by education officials praising staff for creating a positive learning environment that students enjoy.

The report says. “Students love coming to Jennett’s Park School.

“They are proud of their school and say the students are ‘kind to each other; they always laugh and have fun ”.

READ MORE: “The closure of schools may put some students at risk at home”

School staff were particularly commended for their support for students with special educational needs and disabilities (SEND).

He explains: “SEND students benefit from expert help from the start. Students carefully designed plans to support their learning and behavior.

“The school’s program is designed to ensure that these students progress.

The school was rated “good” in the five parameters that inspectors look at when reaching their judgment.

These are the quality of education, behavior and attitudes, personal development, leadership and the management and delivery of early childhood services.

To improve, inspectors recommended improving subject planning for art, geography, history and science, and adapting its curriculum to help SEND students learn in certain subjects.

Director Liz Savage said: “As a team we are really thrilled and a little humbled. As Principal, I am so proud of Team Jennett’s Park CofE – the children, staff and the community at large have been tremendous in their dedication to turning this school upside down.

“It has been an honor to serve them and watch them grow.”

Students at Jennett’s Park CofE Elementary School with Assistant Principal Carla Szadowski, Principal Liz Savage and Assistant Principal David Page. Credit: Jennett’s Park CofE Elementary School

The inspection took place in October and the inspector’s report was released on Monday, December 6.

This note comes after the school was subjected to special measures in 2014 after being deemed “inadequate” by OFTED inspectors under its previous leadership.

The scathing report at the time called school governance “inadequate” and student behavior varied “according to the quality of teaching.”

He said: “Behavior varies according to the quality of the teaching. Students behave well when they are interested in what they are learning and are regularly reminded of how to behave by adults.

“When adults are less qualified to manage student behavior or activities are less difficult, students get bored, don’t finish their work and become restless.”

READ MORE: Some high schools face “significant” financial pressures, watchdog says

Three follow-up visits were carried out between April 2015 and June 2016, the school having been taken over by The Bonitas Trust Multi-Academy Trust in 2017.

Ms Savage said: “Bonitas Trust has truly run the school with love and kindness.

“There can be apprehension when schools get academic, but they have shown that you can be really kind to children and the values ​​of the school.

“There are horror stories when schools become academies and they are not.

“We’ve had a really bad deal before, now it’s lovely.”

The school is located on Tawny Owl Square in the Jennett’s Park area.

The most recent inspection was conducted by Kevin Burrell, Tracey Bowen and Mineza Maher.

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Tel Aviv “the most expensive city in the world to live” Thu, 02 Dec 2021 11:03:29 +0000 Tel Aviv in Israel has been ranked as the most expensive city in the world to live in, according to a new poll.

The seaside metropolis, which was previously ranked fifth, topped Paris and Singapore in a report by the Economist Intelligence Unit.

Economists attributed the jump to a sharp appreciation of the shekel against the dollar.

In its report, the unit – a research group linked to Economist magazine – also pointed to increased costs for food and transportation. But the report did not include house prices, a common complaint among young professionals and families trying to live in the bustling city.

People are sitting in central Tel Aviv (Oded Balilty / AP)

Resident Ziv Toledano said: “It’s really difficult to live here. You pay the rent and you pay for something small and you live, say, paycheck to paycheck, so it’s really tough.

He added that his expenses had nearly doubled since leaving northern Israel for Tel Aviv.

Tel Aviv is Israel’s financial and cultural epicenter. It boasts a thriving high-tech scene, world-class restaurants and a stretch of Mediterranean beach lined with sparkling new hotels and apartment buildings.

The shekel is one of the strongest currencies in the world, with its value largely supported by heavy foreign investment in the local high-tech scene.

Dan Ben-David, director of the Shoresh Institution for Socioeconomic Research and economist at Tel Aviv University, said goods and services in Israel are generally more expensive than in other countries.

A general view of Tel Aviv
A general view of Tel Aviv (Oded Balilty / AP)

Tel Aviv was also more expensive because it was the economic hub of the country, with well-paying tech jobs attracting talent from across the country that pushed up the cost of food and rent.

“Israel is expensive, and in that regard, Tel Aviv is more expensive than other places in Israel because that’s where the good jobs are,” he said.

The city also attracted Israelis who wanted to live near its vibrant cultural and social scene.

The problem, Mr Ben-David said, was major congestion leading to the city and inadequate transport links to surrounding suburbs and towns, causing even more people to want to reside in the city.

This, along with foreign buyers, had caused real estate prices to skyrocket, making buying an apartment in Tel Aviv almost inaccessible to the average Israeli, with modest apartments in prime areas costing four million. of shekels, or more than £ 950,000.

Ten years ago, hundreds of thousands of Israelis took to the streets to demand a solution to the rising cost of living.

Successive Israeli governments have struggled to create better employment opportunities in other parts of the country and attempts to expand public transport are underway.

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What a £ 250,000 property looks like in Reading, Slough, Wokingham, Bracknell, West Berkshire and the Royal Borough Sun, 28 Nov 2021 08:00:00 +0000

Berkshire is a sprawling county filled with many types of people and properties.

Each of the county’s six boroughs has different things to offer.

Some have gorgeous country mansions and mansions, while others are filled with apartments and maybe even houseboats – all with a mix.

In July 2021, the average house price in the UK was £ 271,000, which was far lower than the average house price in Berkshire, which Zoopla says is currently £ 449,612.

READ MORE:400 year old abandoned Thatcham cottage hidden behind trees that could be your own

This means that properties with an asking price of around £ 250,000 might be difficult to spot.

While most parts of Berkshire will not be able to offer homeowners a detached house for £ 250,000, boroughs like Slough and Reading advertise semi-detached homes for around that asking price.

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According to Rightmove, Windsor has the highest average house price of any borough at £ 620,841, while Reading has the cheapest average house price of £ 388,696.


Price: £ 250,000

Site: Emmer Green Court, Emmer Green, Reading

On the market with: Real Estate Agents Bridges, Caversham

Cut: 635 sq. Ft.

Characteristics: Two bedroom maisonette on the ground floor with a private landscaped garden and 1 bathroom

Mandate: Stock in trade

A reading property for £ 250,000.
A property in Reading valued at £ 250,000. According to Rightmove, the average house price in Reading is £ 388,696.


Price: £ 250,000

Site: Longs Way, Wokingham, Berkshire

On the market with: Prospect Estate Agency, Wokingham

Cut: not disclosed

Characteristics: Two bedroom maisonette with private garden, mezzanine and a bathroom.

Mandate: Lease

A property in Wokingham worth £ 250,000.
A property in Wokingham worth £ 250,000. According to Rightmove, the average price of a house in Wokingham is £ 490,958.

Windsor and Maidenhead

Price: £ 250,000

Site: Chemin St. Leonard, Windsor

On the market with: Roger Platt, Burnham

Cut: not disclosed

Characteristics: Two bedrooms, one bathroom, assigned parking, gas central heating and double glazing.

Mandate: Lease – 99 years from January 1, 1965

A property in Windsor worth £ 250,000.
A property in Windsor worth £ 250,000. According to Rightmove, the average house price in Windsor is £ 620,841.


Price: 250K

Site: Elms, Warfield Park, Bracknell RG42

On the market with: Real Estate Agents Duncan Yeardley, Bracknell

Cut: 719 square feet

Characteristics: Two bedrooms, two bathrooms, adjoining bathroom and dressing room in the master bedroom, parking in the driveway.

Mandate: not disclosed

A property in Bracknell valued at £ 250,000.  According to Rightmove, the average price of a house in Bracknell is £ 402,464.
A property in Bracknell valued at £ 250,000. According to Rightmove, the average price of a house in Bracknell is £ 402,464.


Price: £ 250,000

Site: Slough, Berkshire SL1

On the market with: Chancellors, Slough

Cut: 922 square feet

Characteristics: Two bedrooms, a private garden, a driveway, a bonus office, a ground floor and a basement.

Mandate: Duration of the lease 156 years from 09/18/2013

A property in Slough worth £ 250,000.
A property in Slough worth £ 250,000. According to Rightmove, the average price of a house in Slough is £ 434,630.

Western Berksrental – Newbury

Price: £ 250,000

Site: Newbury, Berkshire RG14

On the market with: Chancellors, Newbury

Cut: 952 square feet

Characteristics: An apartment with two bedrooms, reception orangery / dining room, a bathroom, communal gardens and outdoor parking.

Mandate: Duration of the lease 99 years from 03/31/2008

A property in West Berkshire valued at £ 250,000.
A property in West Berkshire valued at £ 250,000. According to Rightmove, the average price of a house in West Berkshire is £ 443,231.

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