Breaking News
£40m Commercial property investment arm for Hambleton District Council
Good news for development in Hambleton District Council with a planned supermarket at the former site of Northallerton Prison. A £40m commercial property investment arm will be launched in order to build a financial strategy and thus protecting the on going funds in to the council as government money continues to drop. Full story can be…
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Fears of up to a 10% drop in property prices in Dubai
Globally there is a touch of unrest within major real estate locations including Hong Kong, London and Vancouver. Adding to the negative news is Dubai with recent headlines stating that fear is growing regarding a 5 to 10% drop in property prices for 2019. Blamed for the forecast are the growing new supply numbers, a…
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Purplebricks global chief executive buys back shares after price slump
Purplebricks shares plummeted to nearly a third in value during 2018 from a high of £489.80 on Janauary 31st, hitting a low of £1.31.5 on December 12th. This seems to have lead current chief executive Michael Bruce to snap up some bargain share holding with a purchase of an additional 167,925 shares in the company. Full…
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Nottingham heading for UK’s biggest roll-out of ultra-low energy homes in 2019
Nottingham City Council has secured over £5million to roll out its Energiesprong, ultra-low energy homes pilot, which will include improvements to over 150 Nottingham City Homes’ (NCH) properties. The scheme will tackle some of NCH’s older housing stock that is hard to heat, lifting residents out of fuel poverty. As well as being warmer, the…
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RLA membership hits new record high
Membership of the Residential Landlords Association (RLA) has hit a new record high of 35,000. Established by landlords, for landlords in 1998, the not-for-profit association – Britain’s leading landlord body – has seen huge growth in recent years, reaching this new milestone less than two years after hitting the 30,000 mark. Answering more than 66,000…
Allen Walkey
Shelter’s independent commission calls for huge expansion in public housebuilding
A landmark report by Shelter’s social housing commission calls for an ambitious 3.1 million new homes, extending the offer of social housing to many more people. After the Grenfell Tower fire, the charity brought together 16 independent commissioners with diverse backgrounds from across the political spectrum to examine the housing crisis in England as it…
Allen Walkey
Leading Online Estate Agents Grew Stronger in 2018 According To New Study
Leading online estate agents Purplebricks and Yopa have gained market share following the recent demise of rivals Emoov and Tepilo. That’s according to data collected by UK website Property Road who spent the past 12 months analysing the property listings on Zoopla for sixteen of the largest online agents. Over the course of 2018, Purplebricks…
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Mortgage Solicitor told to pay £3.5million or face 10 years in Jail
A £10 million property empire of 88 properties within the Greater Manchester area was amassed by mortgage solicitor Scott Rowbotham. A news report in the Manchester Evening News confirms that under the Proceeds of Crime Act he has been requested to pay back a total of £3,522,459 within 3 months or look to have to face…
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Oops: haart Estate Agents’ confuses Purplebricks with Emoov
Following the recent decline in to administration of Emoov, a city estate agent got things that little bit wrong by advising a Nottingham homeowner that the online agency in charge of selling their property was about to go bust. In fact the homeowner was using Purplebricks and we all know that recently it was Emoov…
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Sir Michael Caine’s £3.75 million property in Surrey Hills for sale
Strutt and Parker have the pleasure to be offering this magnificent 8.1 acre estate in the rural outskirts of Leatherhead – A unique and substantial property set in an elevated position with wonderful views of the Surrey Hills. The property belongs to movie star Michael Caine and his wife Shakira and boasts such extras as separate 2…
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Northern Ireland defy ‘Brexit blamed’ slow down of house prices
With widespread negative news across many parts of England, Northern Ireland is throwing a spanner in the works with reports of a pick-up and price growth. Nationwide were quoted as saying the Northern Ireland property increased by 5.8 per cent last year compared to poorer performance in the UK at just 0.5%. Average house prices…
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UK Property Group Chelsfield Asia acquire Singapore office building
Chelsfield Asia: “Its objective is to create a portfolio of high-quality assets for medium-term capital and income growth and to generate attractive risk-adjusted returns for its investors. In line with the rest of Chelsfield’s international portfolio, the focus is on delivering high-quality, innovative and design-led asset management solutions.” A recent acquisition by Asset Management (Singapore-based…
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LendInvest post record lending figures
LendInvest 2018 annual report can be seen here. Recent news shows that LendInvest (founded 2008) has totalled £1.7 billion in lending to property investors and developers since its formation with a record December showing £83m lent in total. “Our platform makes it possible, for the first time, for all types of investors – from individuals…
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180 year old Estate Agent ‘Flick & Son’ under new ownership
“Flick & Son began life in 1833, making it one of the longest established estate agencies in Suffolk.” Flick and Son Estate Agents Flick and Son have four offices across the South-East of England and focus on property of Suffolk’s Heritage Coastline and throughout the towns, villages and countryside of East and North Suffolk. A…
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UK Property Prices awash with Negative Headlines
“property market fell for second year running in 2018” Homes & Property “House price growth slumps to weakest in nearly six years” This is Money “UK house prices fall 0.7% as growth slows to weakest in five years” Independent “House prices tumble as property confidence “smashed to smithereens“” Daily Mirror “December brought chill to UK property…
Christopher Walkey