Breaking News
Average rental price in the UK in January 2019 is £932, up 2.5% on last year
HomeLet Rental Index January 2019 Average rents across the UK rose by 2.5% in January 2019 when compared to the same month a year previously; the average monthly rent is now £932. Rents in London increased by 3.7% in January 2019 than in the same month of 2018; the average rent in the capital now…
EAN Breaking News
CapitalRise loans £6.9 million for prime property in London
CapitalRise, a specialised property lending platform, has been reported to have loaned out £6.9 million for a redevelopment of prime property in London’s prestigious Holland Park. CapitalRise has seen over £270 million lent against since it launched in 2016 with an estimated average return of around 9.5%. “Prime is a market that we have longstanding…
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Colliers International Bristol appoints new head of investment property management
Colliers International have appointed Jo Edwards tp become their new head of investment property management in Bristol. The five strong team will continue to manage commercial property on behalf of their investors throughout the South West and Wales. Jo Edwards, who has already worked 20 years within the commercial property sector was quoted as saying:…
Christopher Walkey
Modern slavery raid in Oldham – 7 Romanian people rescued from a property
Just how big is this issue across the UK? It is a very big issue and a battle that needs to be won – In all honesty, the book should be thrown at any person(s) that are behind slavery, illegal immigration and misuse of our housing stock. Will the punishment deter this from happening again…
Christopher Walkey
38% of London boroughs uninhabitable for renters – here’s the worst
The latest research from ideal flatmate has looked at just how hard it is to survive in the capital’s rental market and where across London has become uninhabitable due to increasing rents and inadequate wage growth. ideal flatmate looked at the average monthly income after tax for the residents in each borough excluding the City…
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Government sending mixed messages on late payment
The Crown Commercial Service (CCS) will not be enforcing prompt payment on its £30 billion construction framework. The framework will be used by central government departments and local authorities. Although the CCS has stated that 30-day payment terms would apply on its forthcoming framework, it confirmed there would be no sanctions on those who failed…
National Federation of Builders
House prices Stumble and maybe to Crumble? Halifax House Price Index
+0.8% Annual change -0.6% Quarterly change -2.9% Monthly change £223,691 Average Price Prices in the three months to January were 0.8% higher than in the same three months a year earlier – down from the 1.3% annual growth rate recorded in December. House prices in the latest quarter (November-January) were 0.6% lower than in the…
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Barratt Developments reports a 19% half-year profit
Barratt is the UK’s most well known and largest housebuilder and despite the ongoing concerns re Brexit and a down turn in the property market, it has reported a jump in half year profits of 19%. The news is that the government’s ‘Help to Buy‘ incentive along with affordable finance packages for mortgages is what has…
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Bid to expand housing estate by 69 houses rejected by councillors
Local residents were able to overturn a decision that would have seen an extra 69 homes added to the existing 58 development on Coopersknowe Crescent, Galashiels (Scottish Borders). Though originally Selkirk-based Eildon Housing Association was given the green light on the project, they had additionally added to the plans (from 58 to 69 homes) which led to…
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Banks Long & Co secures project to deliver 469 bedroom student community
One of the biggest investment deals in Lincoln is to be under the management of property consultants Banks Long & Co who are set to be consulting on the new project ‘Valentine Court’ development in the former Superbowl site next to Valentine Retail park off Tritton Road – Castle Square Developments will be delivering the…
EAN Breaking News
Halifax HPI – House price growth hits brick wall – Andy Soloman of Yomdel comments:
Founder and CEO of Yomdel, Andy Soloman, commented: “House price growth seems to have hit a brick wall so far in 2019, with next to no growth during January continuing the slower market trends of the previous year. This slothful start remains consistent with many other areas of the economy but of course, seasonal factors…
EAN Breaking News
Your Move and Reeds Rains to close 124 branches?
Concerns at two of the UK’s biggest names in Estate Agency with Your Move and Reeds Rains declaring that jobs could be at risk due to closing of 124 branches. The reason being for the closures and mergers is the vision to create larger ‘keystone’ branches containing latest in technology as well as larger office…
EAN Breaking News
Orthodox Jewish Housing Association can allocate housing exclusively to Jewish families
A recent ruling made by the Divisional Court of the High Court of Justice in London makes it now legal for the Orthodox Jewish Housing Association to allocate housing exclusively to Jewish families. Does this mean then any organisation acting solely for a certain type / group of people be it on religious beliefs or any other…
Christopher Walkey
Edinburgh Shopping Mall sells for less than a London Flat!
A recent news story coming from Scotland shows that the Postings Shopping Centre in Kirkaldy was sold at an auction (Allsop Auction House) for no more than the price of a London flat offering the new owners a yield of nearly 50%! With a guide price set at just £1, Postings Shopping Centre in Kirkcaldy, Scotland…
EAN Breaking News
TPO Conference Line-up Announced
The Property Ombudsman has announced the line-up of influential industry speakers in its annual conference, ‘Raising Standards’, taking place on 10 July 2019 at The National Conference Centre in Solihull. Following an introduction from Baroness Warwick, Chair of TPO’s Board, conference facilitator Michael Stoop (Non-Executive Director and Chair of TPO’s Industry Forum) will guide delegates…
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