Following a global search for a developer to complete the final phase of Newcastle’s £200m Stephenson Quarter development, Newcastle City Council has unveiled that it has selected a partner. PfPigloo has been selected and will form a joint venture company entitled Stephenson Works LLP. The bidding process was managed by Knight Frank. PfPigloo is a […]
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Legal & General has invested over £50m into a regeneration project in Princes Street in Edinburgh. The investment, made on behalf of the L&G UK Property Fund, will be put towards creating a new hotel and city centre ‘hub’ which will include a shopping, dining, hospitality, leisure and event space. This investment comes following similar […]
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The average price of property coming to market in Britain is at a record high of £320,265, data from Rightmove has revealed. In addition to the rise in property asking prices, the number of people contacting estate agents about house viewings is up by 75% so far in July compared to the same period last […]
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Much of last week’s news was dominated by reaction to England and Northern Ireland’s stamp duty holiday – I posted my thoughts on that last week. It seems the rest of the UK were keen to establish a level playing field with England, as Wales and Scotland followed by introducing their own stamp duty holidays. […]
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The trend for buyers to use desktop and virtual valuations due COVID-19 could store up problems for the future, Alison Neate from East Midlands law firm Smith Partnership has warned. She added that buyers need to be patient and wait for an in-person valuation, rather than rushing through the process. Neate said: “For most property […]
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London rents fell by -4.5% in June, driven by a 7.4% decline across Inner London, research from Hamptons International found. Outside of London rents are still rising. Average rents on newly let properties increased 1.3% in June, with the North West recording the strongest rental growth of 5.2%, the highest rate since November 2016. Across […]
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Liverpool is a buy-to-let hotspot, with buy-to-let yields being in excess of 10%, research from TotallyMoney has found. Liverpool’s L1 city centre postcode tops the buy-to-let yield table with a potential 10% return on investment and a current asking price of around £90,000. This area includes the central retail area (including Liverpool One), the commercial […]
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Buy-to-let landlords in England should assess the energy efficiency works their properties require to take advantage of online applications for the Green Homes Grant in September, said tax and advisory firm Blick Rothenberg. The Green Homes Grant will see the government pay two-thirds of energy-efficient home improvements up to £5,000. Heather Powell, property partner at […]
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Elspeth Carson is a partner in the commercial real estate team at one of Scotland’s largest independent law firms, Morton Fraser Prior to Coronavirus lockdown restrictions in the UK, purpose-built, and shared living accommodation developments had become an increasingly popular lifestyle choice for many over traditional housing. As such, construction and development projects were increasing […]
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Willenhall, a market town in the West Midlands, is the fastest moving market since restrictions on moving home were eased in England according to the latest research by Rightmove. Over half (55%) of all newly listed properties put up for sale in Willenhall since the market reopened have already found a buyer. Alternatively, four of […]
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