Breaking News
Independent estate agency launches within former bank
A former Natwest Bank will be the home to a recently formed independent estate agency – Austin & Roe, Granville Square, 75A High Street, Stone, Staffordshire. Sales and Lettings will be taking place where once deposits and loans were issued within the old Natwest Bank building in Granville Square. Giving the local region a new and…
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Cross Keys Homes to invest £350,000 in to revamp of Peterborough housing complex
Tyesdale in Bretton, a complex that includes a block of flats, community centre and sheltered housing, will be given a face-lift thanks to a £350,ooo investment by Cross Keys Homes along with a further £100,000 to be put in by Peterborough City Council. The project is hoped to provide temporary accommodation for the local homeless in Peterbororugh….
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Modular affordable housing units gets £12.9 million boost
Home Group is set to purchase 49 modular affordable housing units in a deal worth around £13 million that also includes 13 town houses. The location is in Chatham, Kent and the project will be delivered by modular developer Top Hat. Top Hat: “TopHat brings certainty to property development by integrating all parts of the process…
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Lincolnshire County Council to set up company in aid to build more homes
More homes needed across the country so once again some positive news coming from Lincolnshire County Council as they set up ‘PropCo’ (a subsidiary of the authority’s holding company Lincolnshire Future Ltd) in order to build more homes and to reach housing targets set. Councillor Patricia Bradwell, executive member for adult care, said, “One of the projects…
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Durham Group Estates purchase office complex in Wakefield
Plenty of buying for long term investment going on across the country despite current downward trends in property values in some parts and the fear of what will be happening with Brexit over our heads. The latest purchase by Durham Group Estates sees them acquiring a two storey commercial complex in Wakefield with a floor space…
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Brunswick Real Estate UK sells Weybridge Estate for £17.1 million
A portfolio of properties in Weybridge has been sold to Elmbridge Borough Council for a sum of over £17 million as local authorities continue their drive to purchase residential and commercial property to secure their long term futures. Brunswick Real Estate UK have sold off a portfolio of property that include freehold estate of five…
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Estate Agency to launch Futuristic Hub in Luton
Benjamin Stevens Estate Agency (established in 2004) will be celebrating their 15th anniversary by launching a futuristic hub in order to revolutionise the industry. Originally based out from an office in Mill Hill, London they now service three separate counties and manage over seven hundred properties. They will look to change from a standard high street…
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Donald Trump faces £5 Million bill after snubbing affordable homes for Aberdeenshire luxury estate
A man of many headlines globally, a real estate tycoon in the eyes of some and with an estimated real estate portfolio worth over $3.5 billion (wikipedia) – Donald Trump’s property firm is recently said to be raising eyebrows after snubbing affordable homes in the plans for a new luxury estate next to the site…
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John Lewis announces store to close in Southsea
With 127 jobs at risk, John Lewis is said to be looking to close Knight & Lee & Partners in Southsea it has been recently reported. As of October 2018, the John Lewis Partnership operated 52 John Lewis stores throughout Great Britain (wikipedia) though their smallest store based in Southsea is under threat of closure following…
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9.9% drop in property prices for Sydney in 2018
A recent report in the Domain.com.au website reports that Sydney’s real estate situation took a hit on values in 2018 as a 9.9% fall in prices was recorded ($120,000 in total value). A total of 11.4% drop has been seen since the mid 2017 peak. The fall in real estate value is apparently the worst…
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House price growth in East Midlands above national average
Big price reductions in London and many other regions across the UK are hitting the headlines whereas other locations seem to be bucking the trend or at least holding out for longer. With the national house price growth figure at 3.4% both East Midlands showing a 5.5% growth and West Midlands showing 5.3% are performing…
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Property Ombudsman response to ‘Strengthening Consumer Redress in the Housing Market’
Katrine Sporle, Property Ombudsman, The Property Ombudsman: “The response to the Government’s consultation into strengthening redress in the housing market is largely positive. We welcome the opportunity by MHCLG to work collaboratively with the existing redress schemes (The Property Ombudsman, Housing Ombudsman and Property Redress Scheme) in the interest of all consumers to provide greater…
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UK property transactions drop for end of 2018
Property Transactions Count report from HM Revenue & Customs (HMRC) showed us that the negative vibe on property here is still quite vulnerable as latest figures show a drop (0.1%) towards the end of 2018. The provisional figures for December 2018 showed 102,330 residential sales across the UK with a larger drop on non residential…
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Court of Appeal rejects Gascoigne Halman’s appeal re On The Market dispute
Latest news today from the Court of Appeal gives us the answer towards the Gascoigne Halman vs On The Market PLC saga. After an initial 10 day court hearing in July and a further hearing in November 2018 the final decision on the case of Connells owned Gascoigne Halman vs On The Market PLC (Agents’ Mutual Ltd)…
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Iain McKenzie comments on Strengthening Consumer Redress in the Housing Market
Iain McKenzie, CEO of The Guild of Property Professionals, in response to the publication of the Government’s consultation on Strengthening Consumer Redress in the Housing Market: “The Guild have been actively promoting best practice in estate agency for 25 years, including our code of conduct for members and trading standards accredited training scheme. We therefore…
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