A startup has secured $16 million in funding to use AI to track, analyse and provide actionable data for construction project teams. Buildots uses hardhat-mounted 360 degree cameras to determine the exact status of an ongoing project and provides insight to contractors The $3m seed and $13m series A rounds were led by TLV Partners […]
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West Brom for Intermediaries will no longer accept income from furloughed people at the time of application, whether fully or partially. The lender has also changed criteria on remortgages and further advances on shared ownership and Help to Buy products. Capital raising to purchase the final share on a shared ownership deal, or to fully […]
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Newham-based housing company Populo Living has appointed the contractor Higgins to build 77 new homes let at London Affordable Rent at its site at Grange Road, Plaistow. The £18m project comprises the re-development of previously derelict and vacant land to create two contemporary mansion blocks of five and six storeys. The development will include a landscaped communal […]
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The average UK house price was £241,604 in July which represents a decline for the fourth consecutive month, according to the latest House Price Index by Halifax. Despite the overall fall, a ‘mini-boom’ drove prices up in July to 1.6% higher than in June on a monthly basis. However in the latest quarter, house prices […]
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The government has launched ‘Planning for the Future’, a consultation on reforming the planning system. The reforms would identify land under three categories – ‘Growth’ areas suitable for substantial development, ‘Renewal’ areas suitable for some development, and ‘Protected’ areas where development is restricted. Planning authorities would identify sub-areas in their Growth areas for self- and […]
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There’s been a surge in young professionals looking to work remotely for UK companies from abroad before Brexit is completed. Some young professionals are looking to move before the transition period of Brexit potentially makes it harder to sort out things like healthcare and visas. Many have enjoyed the freedom of working from home, and […]
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Estate agency Yopa has reached profitability after boosting listings and instructions. Yopa’s share of new listings on Rightmove jumped 76% year-on-year in July. Meanwhile its instruction numbers in July were double May’s figures, rising by 34% from June to reach 1,697 – a year-on-year increase of 129%. Grenville Turner, chairman of Yopa, said: “We have […]
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UK homeowners have typically spent just over £4,000 on renovating their properties since the lockdown began in March, the Renovation Nation Report from money.co.uk has revealed. Garden upgrades (34%) top a list for the most popular lockdown renovation projects, closely followed by the living room (23%), bedroom (22%) and kitchen (22%). Almost a quarter (24%) […]
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Bookings for removal services jumped 51% in the last month, indicating how the property market is picking up pace. Data from domestic services firm Fantastic Services found that bookings are 153% higher than they were in mid-May. Nick Staton, owner of Statons Estate Agent in North London said: “The property market is better than it […]
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The average rent in the UK is now £965 which is up by 1.5% on the previous month, according to the latest HomeLet Rental Index. When London is excluded, the average rent in the UK is £808 which is an annual rise of 1.8%. Despite annual rises in ten of the twelve regions monitored by […]
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