Property developer Berkeley on track to hit targets despite ‘volatile’ trading environment  March 11, 2022 Property developer Berkeley said it was on track to meet its performance targets today despite a “volatile” trading environment continuing to ramp up costs and put pressure on the firm’s supply chain.
House completions for properties outside London up by staggering 667 per cent March 11, 2022 There has been a significant spike in house completions for properties outside of London and Manchester with some areas having up to a 667 per cent rise. Apart from England’s two main population centres, the top 10 growth areas were in outlying towns, new figures from Paragon Bank shows. Milton Keynes led the way, experiencing [...]
MPs call on government to reverse plans to force landlords to pay for cladding remediations March 11, 2022 Cross-party MPs have criticised the government’s building safety policies as “piecemeal measures”. A proposed cap for fixing building defects that are not cladding should be scrapped, a report from the Levelling Up, Housing and Communities (LUHC) Committee has concluded today. The report was a response to policies set out by housing secretary Michael Gove earlier [...]
Boss of Purplebricks steps down at troubled estate agent March 10, 2022 The boss of online estate agent Purplebricks has quit his role because of “personal circumstances.” Vic Darvey’s departure was announced on Thursday, with the CEO set to leave at the end of this month. Shares were up 4.2 per cent when trading closed on Thursday night. Chief operating officer Helena Marston will step into the [...]
Home sales continue to soar as buyers keen to move despite rates hike March 10, 2022 Home sales surged last month with strong demand from buyers not letting up, even in spite of an uplift to increase rates. The latest RICS Residential Market Survey reported a net balance of nine per cent more respondents saying sales were increasing. This represented the strongest reading since May 2021. The survey also reported a [...]
Drivers in Camden, Tower Hamlets and Lambeth among worst offenders in UK March 10, 2022 London is home to some of the worst drivers in the country, with Camden in particular having the fourth-worst record for crashes nationally. Four key London authorities have among the highest number of accidents per 100,000 registered vehicles, new figures show this week. The culprits were Camden, Tower Hamlets, Lambeth, and Westminster, with other areas [...]
Savills profits surge as global real estate market comes roaring back March 10, 2022 Estate agent giant Savills reported a surge in profits today as the housing market came roaring back from a pandemic-induced slowdown in 2020.
As the Queen moves out of Buckingham Palace, any new occupant would pay £250m deposit with monthly mortgage of £1m March 9, 2022 With the Queen moving out of Buckingham Palace to ‘work from home’ at one of her castles, research has found it would cost almost £250m just for a deposit to purchase the London landmark – with up to £3m a month in loan payments. In her Majesty’s Platinum Jubilee year, the nonagenarian has left the [...]
HMRC owes construction workers close to £1.5bn following pandemic property boom March 8, 2022 Almost £1.5bn is owed to Britain’s construction workers by the taxman following the pandemic property boom, according to new data shared with City A.M. today. It is estimated that more than 1m people working in the sector could be owed a tax refund, after the industry “weathered a particularly fierce storm” to keep Britain building [...]
London firefighters battle major blaze in the City as Aldgate tower block fire leads to road closures March 7, 2022 A major fire is currently raging near Aldgate East station as dozens of firefighters are battling a huge blaze. Social media images have shown smoke across the City of London after a fire appears to have broken out on one of the floors of the Crawford Building on Whitechapel High St. The London Fire Brigade [...]