News analysis
Property sector says Gove’s plan to cap ground rent will not work
Experts say the options proposed would interfere with legitimate property contracts.
Asset quality key as property is tipped for subdued 2024 growth
IPF leads predictions of modest rental growth and stabilising capital values in 2024.
St George chair on the regeneration lessons of London’s Imperial Wharf project
Research by Envoy Partnership has revealed that St George’s Imperial Wharf brownfield regeneration scheme in Fulham, London, has created £860m of economic and social benefits.
New biodiversity rules already bedding into property landscape
Developers are seeking innovative ways to meet the 10% BNG requirement.
Revised NPPF is ‘weak all the way through’, experts say
Experts say the long-awaited response fails to include any details relating to a small-sites policy, nor does it address the diversity of housing the country requires.
Residential and development
Court of Appeal delivers blow to Adler’s €6bn debt restructuring plan
Lower court’s approval for restructuring to save German property group from insolvency is overruled
Next 485-home phase of SP+ & Lovell’s Salford scheme gets greenlight
Lovell Together and SP+ secure consentfor 485-home phase of Pendelton scheme.
Telford Homes gets go ahead on 1,000-unit Ilford BTR scheme
Reworked plans for east London residential scheme get the green light.
I-RES repeats plea to investors to reject activist investor proposals
The board of Irish Residential Properties REIT has urged investors to vote against all resolutions proposed by Vision Capital, a 5% shareholder in the company.
Experts warns mooted 99% mortgage scheme would be unaffordable
Government plan to help first-time buyers could spur house price inflation, industry figures say.
Data
Investment fell 33% in a tough 2023 for property in Scotland
Analysis from Knight Frank has revealed that total Scottish commercial property investment volumes fell to £1.5bn in a challenging 2023, their lowest level in the past five years, as the market adjusted to rising interest rates.
Growing bed shortage drives student accommodation rent hikes
Growth in the number of purpose-built student accommodation (PBSA) beds has slowed by 66.6% since 2019 and the supply shortage is expected to worsen, with an estimated shortfall of 490,000 beds by 2026, the latest annual report from student accommodation portal StuRents shows.
Housebuilding lull weighs on construction activity
Housebuilding decreased for the 11th successive month in October and at a much steeper pace than elsewhere in the construction sector, with the headline S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) at 38.5.
Q3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
European commercial real estate registered the seventh consecutive quarterly fall in investment in Q3, but the UK industrial sector provided a small bright spot, according to the latest research from MSCI Real Assets.
Landlords are paying 40% higher mortgage interest than in August 2022
Landlords in the UK are currently paying £15bn in mortgage interest, representing a 40% increase in comparison to August last year, according to Hamptons Real Estate.
