House prices rising slowly but 2024 still a ‘bumper year’ October 28, 2024 2024 is set to be a “bumper year” for house sales thanks to rising real incomes and lower mortgage rates, according to Zoopla’s latest house price index. The level of new sales has increased to its highest level since late 2020, the survey showed. There are 306,000 homes currently working through the buying process, 26 [...]
Avison Young loses over £100m as it cuts more than 200 jobs October 28, 2024 The UK arm of global commercial real estate services firm Avison Young shed over 200 jobs as its pre-tax loss almost doubled to more than £100m during 2023, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2023, having previously posted a loss of £55.6m in 2022. Newly-filed accounts [...]
Barratt Redrow: Builder outlines growth plans after merger October 23, 2024 Barratt Redrow outlined its growth plans today in its first trading update as a combined group. Created by the merger of homebuilders Barrett and Redrow, the combined group has laid out plans to build 22,000 homes a year in the medium term. That would make it one of the UK’s largest house builders. In its [...]
Updated plans for City of London’s tallest skyscraper: 1 Undershaft October 22, 2024 Aroland Holdings has submitted updated plans for the City of London’s tallest skyscraper, 1 Undershaft. The new proposals, which will be validated later today, will deliver a comprehensive ground-floor redesign. The scheme, delivered by development manager Stanhope, aims to enhance St Helen’s Square with a more accessible and active public realm, such as a re-imagined [...]
Major change planned for tallest skyscraper outside London October 18, 2024 A proposed 76-storey tower planned for Manchester city centre, which would be the tallest skyscraper in the UK outside London, is in line for a major change. Developer Salboy, which was co-founded by Fred Done who set up Betfred with his brother Peter, is on the verge of resubmitting its plans for Viadux 2 to [...]
South Bank’s ‘The Slab’ in spotlight as campaigners fight planning decision October 16, 2024 South Bank 'The Slab' is the topic of a legal battle at court this week as campaigners seek to overturn the former government's decision to green-light redevelopment
Starmer hands councils millions for housebuilding on brownfield sites October 15, 2024 The Government has committed £68m to unlocking brownfield sites in 54 local authorities as it looks to deliver on its election promise of 1.5 million homes by 2029. Around a sixth of councils will receive money to turn neglected land into new homes, which the government have said will “transform local communities and help families [...]
Purplebricks boss: Rental market is ‘completely broken’ and is a ‘disaster for first-time buyers’ October 15, 2024 The rental market is "completely broken" and is a "disaster for first-time buyers", the boss of Purplebricks has said.
Channel 4 tunes in to Gary Neville’s Manchester landmark October 14, 2024 Channel 4 is to open a major new office in Manchester city centre in the £400m landmark being constructed by Gary Neville‘s firm. The channel has signed up to take 12,293 sq ft of space at No.1 St Michael’s, the £150m element of the development. Led by Neville’s Relentless Developments, the scheme also includes a [...]
Property market 2025 predictions: Greener and healthier October 10, 2024 Predicting the prevailing winds in the super-prime property market can be a thankless task, given how it is at the behest of factors both national and international. Nevertheless, I have grabbed my crystal ball to make some predictions about the emerging and developing trends, from the continued rise in at home wellness to an ever-increasing [...]