All Residential articles – Page 8
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Online
Springfield sees green shoots of recovery in housing sector
Scottish housebuilder Springfield Properties has told investors the first half of its financial year has been in line with expectations as demand for private housing “remained stable but subdued”.
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Indian billionaire to pay £138m for Mayfair mansion in biggest home sale of the year
Indian billionaire Adar Poonawalla has agreed to pay £138m for a mansion in Mayfair in London’s most expensive home deal of the year.
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Purplebricks develops free pricing structure for customers
Digital estate agency Purplebricks has unveiled details of its new operating model following its acquisition by Freston Ventures-backed Strike for £1 earlier this year.
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LFRB passes through second reading in House of Commons with leasehold still intact
The Leasehold and Freehold Reform Bill (LFRB) passed through its second reading in the House of Commons yesterday evening (11 December).
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Town Centre Securities submits application for 1,110-bed Leeds PBSA scheme
Property investor and developer Town Centre Securities (TCS) has submitted a planning application for a 1,110-bed purpose-built student accommodation (PBSA) scheme in Leeds.
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UK bank and finance trade body says mortgage lending set to fall by 8% next year
UK residential mortgage lending is set to fall by 8% next year, according to research from bank and finance trade body UK Finance.
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DLUHC announces £80m to regenerate brownfield land to build thousands of homes
The Department for Levelling Up, Housing and Communities (DLUHC) has announced the allocation of £80m to regenerate brownfield land and build over 8,000 homes.
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Telford Homes highest-achieving sustainable developer, says NextGeneration
Telford Homes has been named the highest-achieving sustainable developer for the fourth year in a row by NextGeneration, the sustainability assessment system for housebuilders in the UK.
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Gove ‘names and shames’ 10 more social landlords for poor practice
Housing secretary Michael Gove has written to 10 more social landlords warning them to take immediate action to address their poor performance over responding to tenant complaints, including damp and mould and pest control.
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McLaren and Arlington selected as developers for York Central regen scheme
McLaren Property and Arlington Real Estate have been chosen as the strategic developers for York Central, one of the UK’s largest city-centre regeneration schemes.
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Four developers receive loans totalling more than £250m to support delivery of 1,500 new homes
Four housing developers have secured 10-year loans totalling £256.5m through the government’s Affordable Homes Guarantee (AHGS) scheme to support the delivery of around 1,500 new homes.
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A dozen insurance brokers pledge to help leaseholders in buildings affected by fire safety
The government has announced that a further seven insurance brokers have signed its pledge to commit to supporting leaseholders in buildings taller than 11m, or four storeys, affected by fire safety issues.
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Annual rent payments hit record £85.6bn in 2023, says Hamptons
The total amount of rent paid by tenants in Britain this year will hit a record high of £85.6bn as rental growth continues to rise, says Hamptons.
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LSE picks Bouygues and Equitix for Bankside House PBSA development
The London School of Economics and Political Science (LSE) has selected a consortium comprising Bouygues UK and Equitix as the preferred development partner for the redevelopment of the existing Bankside House student accommodation in Southwark, London.
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Insight
Handelsbanken’s Simon Bradley on what private landlord exodus means for the rented housing market
It is not news – at least not to anyone involved in the sector – that the UK is en route to something of a rental crisis, at least in the short term.
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Invesco secures £200m BTR loan with HSBC
Invesco Real Estate has secured a £200m loan with HSBC UK to support two stabilised residential build-to-rent (BTR) assets in east and west London.
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Knight Frank bolsters residential land team with two senior hires
Property consultancy Knight Frank has announced the appointment of Charlie Hart and Nick Alderman to its residential land team.
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Gove’s leasehold reform plans could cost taxpayers over £31bn, says RFA
Housing secretary Michael Gove’s plans to cap ground rents in England and Wales could cost taxpayers over £31bn in compensation, according to the Residential Freehold Association (RFA).
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PIC lends £30m to Medway Housing Association
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has made a second private placement investment of £30m in secured debt issued by Heart of Medway Housing Association.
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Puma to fund £13m for intergenerational development in Manchester
Puma Property Finance has provided a facility of around £13m to fund McGoff Group’s development of a 51-bed care home and a children’s day nursery in Bowdon, South Manchester.