Housing crisis: Two-thirds of £4.2bn government homes fund remains untouched January 3, 2024 More than two-thirds of a government fund aimed at creating thousands of new homes in the UK remains unspent, despite launching over six years ago.
First-time buyer numbers ‘were lowest in a decade in 2023’ January 2, 2024 The number of first-time buyers who purchased a home with a mortgage in 2023 is estimated to be the lowest in a decade, according to a building society. Yorkshire Building Society calculated that, across the UK, there were around 290,000 first-time buyers in the mortgage market in 2023, shrinking by a fifth (21 per cent) [...]
What will the modern office look like in 2024? January 1, 2024 Offices will become more sustainable next year, a report has predicted, as the commercial property sector continues to undergo a transformation following on from the pandemic. Global architecture and design firm Gensler outlined what trends they expect UK offices to adapt in the new year. Sustainability is key The group said intense weather and climate [...]
Thai investor eyes Selfridges expansion amid Signa storm December 31, 2023 Central Group is reportedly eyeing more influence over Selfridges amidst a flurry of financial chaos for co-owner Signa.
Nationwide: House prices fell nearly 2 per cent in 2023 as higher mortgage costs bite December 29, 2023 House prices in the UK fell 1.8 per cent over the course of 2023, according to the latest data from the Nationwide House Price Index.
What lies ahead for the commercial property sector in 2024? December 29, 2023 The commercial property sector is facing a tough 12 months as the world adapts to hybrid working.
Gove seeks to ‘lift veil of secrecy’ over land ownership in fresh fraud crackdown December 28, 2023 The battle against fraud is at the centre of a fresh push by Michael Gove to root out a lack of transparency in property ownership.
London landlord Soho Estates swings to loss as commercial property values fall despite revenue jump December 28, 2023 The portfolio of central London property group Soho Estates dipped in value last year and dragged the firm to a loss even as revenues bounced back to pre-pandemic levels, accounts have revealed.
Race for space ending as Londoners stay put in boost for capital’s property market December 27, 2023 Overall, Londoners spent £28.7bn on countryside homes in 2023, down 41 per cent from £48.8bn in 2021
Why 2023 might mark the end of the ‘London exodus’ as house prices stabilise December 26, 2023 Fewer Londoners ventured outside the M25 in 2023 to buy a home elsewhere, according to an index. Londoners collectively spent an estimated £28.7 billion on homes outside the capital this year, which was £11.7 billion less than in 2022, estate agent Hamptons found. It highlighted two factors at play in the market – the first [...]