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A skilled workforce needs employers
We need politicians to understand how a skilled workforce is locally sustained Judith Cummins, MP for Bradford South, has highlighted the need for a radical overhaul of our skills policy to help places like Bradford, one of the top 40 constituencies to be affected by automation in the coming years. Cummins identified that 15% of her…
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A game of ‘Wait and See’ for House Buyers due to Brexit
As Nationwide’s latest figures show for December 2018, the market continues to slow down with prices having fallen by 0.7% with properties at an average of £212,281, down from £214,044. This though conflicts with the mood shared by Halifax who stated that prices rose by 1.3% in the three months to December 2018. As more and…
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Landlord fined £10,000 for poor living conditions of tenants
Clamping down on landlords continues across the UK with the latest being Mr Balwinder Singh Chandi who has been fined £10,000 after failing to improve the poor living conditions for his tenants who rent his property on Bedford Road, Marston Moretaine. An Improvement Notice by Central Bedfordshire Council was served following discovery of substandard living conditions…
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Building more social homes is a no-brainer
The Government must help fix part of the broken housing market and build for the future Bringing together sixteen commissioners from across the political spectrum, Shelter have released a report titled, ‘A vision for social housing’, which analyses the state of social housing across the country. The report reinforces the message that the entire housing…
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Empty property owner in Warwick is fined
As recent news from Shelter about the need for more homes across the UK and social housing, we see a home owner fined for leaving a property of theirs to fall in to disrepair. A David Brown of Northumberland was convicted of failing to comply following a notice served on him by Warwick District Council…
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354-358 Oxford Street, London set for new £70 million building
The current vacant spot on Oxford Street that sits alongside the Disney Store and opposite Bond Street underground station, 354-358, is set to become a new £70 million building after being acquired by Hines (US-headquartered investment firm). The building will become a new selection of retail outlets and luxury apartments. This is seen as great…
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Manchester United star launches own Property Business
Manchester United and England football star Marcus Rashford, who is currently said to be on a salary of £6 million annually, has purchased a £1.2 million property to add to his portfolio. MUCS Properties Limited was registered by Marcus January 2017 though with his additional property purchases it is likely they will be rented out…
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£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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