Breaking News
European 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…
EAN Breaking News
Newham crowned London’s most overcrowded borough for property
The latest research by leading flatshare platform, ideal flatmate, has looked at where is home to the least number of homes to support the local population across each London borough. Using data from the London Datastore, ideal flatmate looked at the population and the total number of dwellings for each borough before looking at which…
Properganda PR
Guinness 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 –…
EAN Breaking News
British 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…
EAN Breaking News
50% 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…
EAN Breaking News
Dubai 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…
EAN Breaking News
Small sites will help solve the housing crisis
RenKap will deliver an online platform where housing associations and local authorities can upload their unused small sites. Through its geovation accelerator programme, which awards grants to help Ordnance Survey and HM Land Treasury make better use of their data, the Government has announced funding for 7 property and geospatial start-ups. This includes RenKap, an…
National Federation of Builders
Notre Dame: construction’s priceless contribution to history captivates the world
As a fellow country with buildings and structures that date back hundreds of years forming part of our national identity, we share in the grief of Parisians. A fire engulfed the Cathedral of Notre Dame in Paris, a UNESCO World Heritage site, which resulted in the destruction of the 850-year old external timber roof and…
National Federation of Builders
Government helps fuel toxic leasehold housing scandal with 25% of Help to Buy properties sold as leasehold
The latest research from for sale by owner platform, www.OkayLah.co.uk, has looked at the proportion of properties sold as leasehold in England through the Government’s Help to Buy scheme, and how these buyers could be left at the mercy of the freeholders, their hidden charges and drastic escalations in ground rent. OkayLah.co.uk analysed Help to…
Properganda PR
London asking rents hit record high with highest annual rate of 8.2%
-London’s average asking rents have increased by 8.2% in the last year, with the average rental property in the capital now averaging a record £2,093 per month The 8.2% increase is the highest annual rise in London since Rightmove began reporting this data back in 2012, while average asking rents in London are up…
Rightmove
UK House Price Index February 2019 shows falls of 0.8%
The February data shows, on average, house prices have fallen by 0.8% since January 2019. There has been an annual price rise of 0.6%, which makes the average property in the UK valued at £226,234. England In England, the February data shows on average, house prices have fallen by 0.6% since January 2019. The annual…
HM Land Registery
Housing a pawn in Tory Brexit leadership scrap
Former Housing Minister Dominic Raab has called for “radical” housing reforms in an attempt to help renters get on the housing ladder and increase the rate of home building. Attacking the Conservative failure to stand up to developers and ensure the construction of enough homes to tackle the housing shortage, Raab advocated a new Help…
National Federation of Builders
Gary Barker, CEO, of Reapit, comments on ‘decreased supply and increased rental costs’
Following the news that the government is looking to end no-fault evictions, Gary Barker, the CEO of Reapit argues that this could lead to decreased supply and increased rental costs: “Today’s government announcement to end no-fault evictions comes just six weeks before the tenant fees ban takes effect in England, and not long after tax…
EAN Content
Government’s rent reforms to punish private & institutional landlords – Collyer Bristow comments
The Government has today announced radical reforms of the private rental market that will create open-ended tenancies and restrict a landlord’s ability to remove tenants. The reforms to so-called ‘no fault’ notices served under section 21 of the 1988 Housing Act, together with recent changes to the tax position on buy to let investors and…
EAN Content
Dexters 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…
EAN Breaking News