John Lewis gets green light to build hundreds of homes in West Ealing May 28, 2025 Plans by the John Lewis Partnership (JLP) to redevelop Waitrose West Ealing have been given the go-ahead by Ealing Council after a successful appeal by the retail giant. The application, which has been in the planning system for nearly two years, is part of JLP’s long-term strategy to diversify its income streams via build-to-rent. The [...]
The £582m plan to create new UK economic powerhouse May 21, 2025 Plans to create a new economic growth zone in the West Midlands which is tipped to provide a £582m boost to the UK have been revealed. Land on the Wolverhampton/South Staffordshire border has been earmarked for ‘The Central Edge’ project while 14,700 jobs could be created. According to project leaders, the scheme would include 16.4 [...]
London house price growth cools as rents continue to climb May 21, 2025 Annual house price growth in London was just under one per cent in April, although rents continued to climb above the national average. Average house prices in the UK as a whole increased by 6.7 per cent £296,000 in England in the 12 months to April 2025, according to new data from the ONS. Prices [...]
Support for local housebuilding plummets since election May 20, 2025 Brits’ support for housebuilding in their local area has fallen since the general election in a risk to the government’s lofty construction goals, according to new data. Net support has dropped by 11 percentage points, with renters’ backing for new housing near where they live falling by 14 percentage points, according to new research by [...]
Is this the end of the private landlord? May 20, 2025 There has been a sharp divergence in the attitudes of private and professional landlords as new regulations continue to upend the sector, according to new data. While private landlords continue to become more negative – and threaten to leave the sector in droves – professional landlords are, dare we say, genuinely optimistic about the prospects [...]
PHP makes surprise third approach for Assura at £1.68bn May 16, 2025 Primary Health Properties has made a third approach for Assura as the war for the real estate investment trust heats up. PHP has offered £1.68bn for Assura, valuing its share price at 51.7p – a premium of 38.2 per cent to the company’s closing share price of 37.4 pence on February 13. This is the [...]
Landsec boosts profit amid residential and retail pivot May 16, 2025 Property investment group Land Securities – known as Landsec – has reported a five per cent boost amid a strategic repositioning of the firm’s commercial property portfolio in favour of residential and retail property. Profit before tax rose to £395m from £341m, as the group plans to invest £1bn in retail and more than £2bn [...]
Rents near Elizabeth line stations rocket up a third since opening May 15, 2025 Rents for homes near recently-added Elizabeth line stations have shot up by more than a third since 2022 as the housing crisis in the capital continues to intensify. In some locations, prices have risen by more than 70 per cent as demand for well-connected properties soars, according to lettings software firm Goodlord. This rise outstrips [...]
Tax cost hikes and digital red tape could push landlords to sell up May 15, 2025 Buy to let landlords are set to face fresh tax hurdles that could lead to a squeeze in supply for the rental sector, according to new research. The advisory firm Blick Rothenberg found that the government’s Making Tax Digital (MTD) scheme would add to the costs and administrative burdens of letting properties to tenants. The [...]
Rental crisis to worsen in the next decade, says UK’s biggest landlord May 15, 2025 Ongoing supply constraints are set to worsen the UK’s rental crisis in the coming years, according to the country’s biggest landlord. Grainger said it expected rental demand to grow 20 per cent from its 2021 level by 2031, far above growth in housing supply. “The private rental market in the UK faces growing demand [and] [...]