Breaking News
Buccleuch Property secure multi £million office building in London
The Luma Building in London is said to have been acquired by the Scottish property development and investment business Buccleuch Property (founded 2003) as a joint venture alongside UK property specialists / asset managers Wrenbridge. The office building Luma sits on 330 Clapham Road, SW9 and provides 25,000 square feet of office accommodation over seven floors.
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UK house price growth slowed noticeably as 2018 drew to aclose according to Nationwide
Latest Nationwide House Price Index report – December 2018 reveals that house price growth slows to just 0.5% in 2018, down from 2.6% in 2017. Annual house price growth slows to its weakest pace since February 2013 with outer Metropolitan and London regions both recording small house price declines in 2018 according to Nationwide. Commenting on…
Allen Walkey
Gambling Commission deems House Lottery not legal
If you consider that your chances of winning the lottery is in fact 1 in 45,057,474 and striking it lucky by getting five numbers plus the bonus ball is 1 in 7,509,579. A recent chance to win what for many will be their most expensive and prized asset, their home, gave people a chance of only 1 in 50,000…
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Council allows modular homes so to ease housing problems
I am sure that some of you will have heard of the poor housing situation in mass population countries that we have such as Hong Kong’s metal cage and coffin style housing for many residents. There are now though many both economical and environmental friendly solutions to housing across the world, recent investigations I made…
Christopher Walkey
Fusion Students sells off portfolio of Property sites
A deal worth in the region of £230 million sees Fusion Students (UK University accommodation developer) releasing it portfolio of sites to a joint venture purchase by Arlington Advisors and Equitix. Locations include Newcastle, Bristol and Cardiff and will see a gross income over over £15 million annually. News story first seen on the East…
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Some positive property news – £10 million + sales up
With Brexit being blamed for everything from the price of sandwiches to a slump in property prices, it is good to see some figures from London bucking this trend. 2018 saw a 50% increase in the higher end of the property market sales of homes of £10 million and over. It is not an overly…
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UBS hold 9.37% stake within Foxtons Group PLC
One of the UK’s biggest estate agency names, Foxtons Group PLC, reported that UBS Group AG now holds a stake of 9.37% following a deal done on Monday last week. Foxtons Group PLC who are on the London Stock Exchange are currently trading down at 52.60 GBX −0.60 (-1.13%)
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Liverpool based firm of property developers are banned
A total of six directors are said to have been banned from running businesses following a misleading of 300 customers who went on to invest £12 million in to residential developments across Bradford and Greater Manchester. Absolute Living Developments Limited pitched key development sites to investors with a theme of turning commercial buildings in to…
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East of England to have ‘affordable homes’ boost thanks to merger
Good news for the East of England and would be home owners as the recent merger between Flagship Group and Victory Housing Trust is said to create the largest Housing Association in the region with approximately 30,000 property in the portfolio managed. Supporting around 400 new jobs will also give a positive vibe for employment…
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Bradford Street Developments Limited look to give Walsall new apartment block
Walsall town centre, within a said deteriorating Conservation Area, is looking to have the construction of a five storey / 26 apartment block on a former car park in Bradford Street which is located just a moments walk from Walsall train station and the Saddlers Shopping Centre. The planning department is expected to give the…
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First-time buyer mortgage numbers ‘highest level since 2006’
Added interest in the first time buyer market has been reported via The Yorkshire Building Society stating that “367,038 first-time buyers secured mortgages in 2018, up from 362,800 in 2017″. 50% of new mortgages are said to have been from First Time Buyers. Facts resulting in this include stamp duty relief for first time buyers along…
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Gross mortgage lending across the residential market in November was £23.1bn according to UK Finance
Latest UK Finance’s Household Finance Update – November 2018 reveals that gross mortgage lending across the residential market in November was £23.1bn, 2.0 per cent lower than November 2017. The number of mortgages approved by the main high street banks in November was 10.6 per cent lower than November 2017; approvals for house purchase were…
Allen Walkey
What’s in store for Online / Hybrid Estate Agents in 2019?
We must certainly admit that 2018 was a roller coaster ride for the online / hybrid estate agency world and ultimately the Mike Tyson vs Evander Holyfield showdown against traditional high street agencies never really materialised. Just under 10% of new instructions in 2018 went to online estate agents (still a great achievement) with a…
Christopher Walkey
Londoners purchased £30 billion worth of property outside the capital in 2018 according to Hamptons International
In 2018 Londoners purchased £30 billion worth of property outside the capital, this is the highest level since 2007 according to Hamptons International most recent press release. Hamptons International reveal that the average price of a home bought by a Londoner outside the capital has also risen and now stands at £398,910 – the highest level…
Allen Walkey
Property sales rate plummets in London and South East, but West Midlands, North West and Wales defy Brexit uncertainty
Property sales rates in Greater London and the South East have fallen by seven percent and eight percent respectively over the last two years, according to data published today by Quick Move Now. The figures also revealed that the West Midlands, North West and Wales are defying the national property market slow-down, with significant sales…
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