Controversial corporate landlord Akelius Residential will no longer focus on renovating buildings after facing a backlash from the United Nations and its tenants. It plans to cut construction staff by 400 by the end of 2022 and focus on new builds, as well as upgraded properties. It commented that the good times for upgrading properties […]
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Monument, a ‘digital bank’, has been granted a banking licence from the Prudential Regulation Authority and the Financial Conduct Authority. The bank will focus exclusively on busy professionals like doctors, lawyers, accountants, entrepreneurs and investors. It has pledged to be the only bank to offer its clients an entirely digital journey for buy-to-let and property […]
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Eric Curran is managing partner of DM Hall Chartered Surveyors, based in the firm’s Glasgow North office There is, I am sure, a more measured and professional way of saying this, and in more normal times I would instinctively reach for it, but the stark fact of the matter is that the residential housing market […]
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A taskforce featuring some of the UK’s top property experts was officially launched this week to help the West Midlands accelerate the construction of low carbon, energy efficient homes. The Zero Carbon Homes Taskforce has been set up by the West Midlands Combined Authority (WMCA) to support the region’s fight against climate change, making sure […]
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A net balance of 52% of RICS surveyors noted an increase in new buyer enquiries in September. New instructions coming onto the sales market also rose for a fourth month in a row, which now signifies the longest stretch of rising supply going back to 2013. Tenant demand mostly increased, though it fell in London. […]
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Arbuthnot Latham has provided more than £23 million of refinancing to help private real estate investment firm Castleforge Partners with current and future value-add opportunities. Since it was founded in 2010 by Brandon Hollihan and Michael Kovacs, Castleforge Partners has invested over £1bn throughout the UK and Europe and has generated returns above expectations across […]
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Sovereign Housing Association have bought a shopping centre and the adjacent car-park in Bristol for £27.2m from BlackRock UK Property Fund. This multi-tenanted Clifton Down shopping centre and its 350 vehicle car park, has become the biggest commercial property in the housing association’s portfolio. Clifton Down was built in the early 1980’s and the shopping […]
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The Welsh government has launched a Tenancy Saver Loan Scheme, which provides tenants with a 1% affordable loan which can be repaid over up to five years. The loan is based on the tenant’s ability to repay and they will be able to borrow up to the maximum amount of rent arrears owed, or for […]
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Annual house price growth increased to 7.3% in September 2020, up from 5.2% in August, Halifax’s house price index has found. Prices have risen by 1.6% month-on-month, bringing the average price to £245,747. Russell Galley, managing director, Halifax, said: “A surge in market activity has driven up house prices through the post-lockdown summer period, fuelled […]
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Commercial tenants in the UK have paid 50% of rent as of October 6th, up from 22.1% a week ago. Retail properties have seen a strong rebound, with rent collection jumping from 12.7% to a steady 51%, a 11% uplift on the same point in the rent cycle for the June quarter. Tom Wallace, Re-Leased’s […]
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