Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown February 20, 2024 A Scottish house building company is one of the latest to be financially bruised by last year’s slowdown in property sales.
Moving markets: Five things shaping the FTSE 100 today February 20, 2024 Asia stocks struggle despite China's interest rate cut, while Middle East tensions keep oil prices near three-week highs. Investors are focused on Bank of England's Bailey speech and Nvidia earnings.
China’s central bank slashes mortgage rates in high-stakes bid to revitalize property market February 20, 2024 China's central bank slashed the benchmark mortgage interest rate on Tuesday in a bid to jumpstart the country's sluggish property market and boost its struggling economy.
Gove clamp down on short term lets like Airbnb could lead to ‘two-tier system’ February 19, 2024 Under the reform, property owners who let out their homes to visitors will be asked to seek planning permission, alongside placing their name on a mandatory national register for short-term lets.
Levelling Up fund earmarks £90m for London boroughs – is your neighbourhood included? February 19, 2024 Over £90m will be injected into various boroughs across London to revamp tube stations and improve community spaces as part of the government’s Levelling Up fund.
Unite inks £250m deal with Newcastle Uni as demand for student beds booms February 19, 2024 A London-listed student accommodation provider has entered into a joint venture with Newcastle University for the development of 2,000 new student beds.
House sales surge as green shoots emerge in property market February 19, 2024 House sales in the first six weeks of 2024 are 16 per cent higher than over the same period last year, and three per cent higher than in 2019.
Prime London house prices back at 2014 levels as buyers shun South Kensington and Chelsea February 17, 2024 House prices in prime London were 2.5 per cent below their pre-pandemic level and down by 7.1 per cent annually.
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth February 16, 2024 The rental market in London appears to have peaked, with price growth steady month on month, according to new government figures.
Segro looks to lift rents 50 per cent in next three years as warehouse demand continues to grow February 16, 2024 The company's boss, David Sleath, made these comments alongside its full-year numbers, which showed a 12.5 per cent jump in rental income.