Posts by EAN Breaking News
Clyde Property acquires portfolios of Gordon Shields and Wura Property
Clyde Property have increased their rental offering across central Scotland by acquiring the portfolios of property companies Gordon Shields and Wura Property that sees their total listings going past 3,000 and making it one of the largest letting agency portfolios in Scotland. MD Gary Thomson was quoted as saying: “By purchasing these two portfolios we…
Read MoreTasmania property peaking
Dips in property prices can occur across the globe and recent news from over at Australia show that Hobart’s long running property boom is suddenly seeing the foundations shaking under the weight with house sales having fallen 16% in the past year. The little island just off the south coast of Australia and viewed from…
Read MoreUK Construction industry output is anticipated to fall by 0.4 per cent in 2019
A recent report shared by the Construction Products Association (CPA) forecasts that the continued Brexit uncertainty will cause a downgrade in industry output for UK construction. This 0.4% fall for 2019 includes the manufacturers and distributors of construction products / materials. This will be a somewhat negative wave of news to hit the sector in…
Read MoreIntroducing a ‘clean and tidy’ clause for property buyers?
A recent news article shared us that was on the Daily Mail website speaks of the introduction of a ‘clean and tidy’ clause when it comes to selling and buying of property. Though an inventory will exist when it comes to knowing exactly what you are buying when you look to acquire a property, there…
Read MoreLandlord fined £2,551.10 for failing to fix problems for tenant
A private landlord has been fined a total of £2,551.10 for failing to deal with standard of a property for their tenant in Cornwall. A Stuart David Donnington who owns and lets out a property at Churchlands, Looe was found to have failed in fixing problems reported by their tenant to include issues with drafts…
Read More2,850 homes approved for Essex
Thurrock Council in Essex has approved plans to build 2,850 homes in a £1 billion project that will see 2,000 new jobs created for local people and a real boost for homes in the county. It should also see that 35% of the homes to be released as ‘affordable‘. This new home regeneration scheme, depending…
Read MoreTrafalgar Property Group acquires Surrey 1.3 acre development site
A recent cash deal sees Trafalgar Property Group acquiring a 1.3 acre development site with plans to build a new assisted living scheme. The site holds a former nursing home and planning permission granted for 37 units with an option to extend the project by a further 15 (predicted gross development value is around £15.1…
Read MoreEuropean property firm snap up 600 Irish homes
LRC Group which is a European property firm has been reported to have paid in and around €150 million to acquire 600 residential and commercial property from Oaktree affiliate (Targeted Investment Opportunities). The deal which will seen LRC Group take ownership of multiple buy to let properties across Dublin, Cork and Galway runs alongside other…
Read MoreGuinness Partnership take hold of 928 home development site
928 Homes will be offered via an housing association who have purchased a development site next to Leeds Docks – The Guinness Partnership have acquired the said site which will be providing 35% of the portfolio for affordable housing. The Hunslet Road site will see 600,000 sq ft of residential property and commercial space –…
Read MoreBritish Land sells off £429 million of Sainsbury’s Superstores
In a deal to appease the current brutal retail sector here in the UK, British Land has agreed to sell 12 Sainsbury’s superstores in order to tackle its sizeable retail assets and get the total that it owns down to 30% of their portfolio. The purchase is coming in from Realty Income Corporation who are…
Read More50% of UK land is owned by 1% of the UK’s population
Quite an alarming headline that was recently released by the InsideHousing website – It would appear that the country is owned by a select few as quoted by Labour MP Jon Trickett in that ‘a country for the few not the many’. It is said that the Queen and Duke of Buccleuch own 30% of…
Read MoreDubai Property Prices down 27% and Rentals down 9%
It would appear that Dubai is suffering in its real estate sector with property prices down 27% and rentals down 9% quoted in a report released by the Gulf Business website. The article concentrates on prices between now and back to the market peaks of mid 2014 – Prices in Q1 2019 fell 12.5% year…
Read MoreDexters purchase London & Surrey arm of rival Jackson-Stops
No price has yet been shared, but recent news is that the estate agency chain in Dexters UK have purchased the London and Surrey arm of rival Jackson-Stops meaning they will take over the 11 offices including Mayfair and Pimlico. The purchase will grow Dexters to 106 branch offices and goes against the current negative…
Read MoreLabour MP Chris Bryant made £649,500 in gross profit – Paid by YOU the taxpayer??
The Wales Online website has reported on yet another MP sitting handsomely on tonnes of property equity and cash thanks to the tax payer whom of course are not even respected enough to have their democratic vote respected hence the cesspit of a mess within the current government and house of commons / lords that…
Read MoreNegative Equity fears for Australian households
That dreaded phrase, negative equity, which has been clear of the headlines for many years here in the UK, but halfway across the globe it is a rumour that has a growing trend and likelihood of rearing its ugly head. “Risks to the household sector have increased over the past six months given weak housing…
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