House price growth accelerates ahead of potential interest rate cut August 1, 2024 UK house price growth has accelerated in the past month as buyer confidence picked up and mortgage rates fell ahead of a potential interest rate cut by the Bank of England. UK house prices rose by 0.3 per cent month on month in July, Nationwide reported in their monthly house price index. The annual growth [...]
Rayner must defy her own backbenchers and build, baby, build July 31, 2024 Angela Rayner has clearly been reading City A.M.. In a statement to the House of Commons yesterday the housing secretary outlined plans to build 370,000 homes a year, in a clear victory for our Build, Baby, Build campaign. The challenge now is to realise that ambition in bricks and mortar. It is encouraging, then, that [...]
Foxtons: London estate agent hikes dividend as turnaround plan gathers steam July 30, 2024 London estate agent Foxtons has bucked a pallid property market to report healthy rise in revenue and profit, and raise its dividend, in yet another sign of the turnaround being navigated by its new chief executive.
Lloyds housing fund snaps up £300m Watkin Jones scheme in London’s Stratford July 29, 2024 A housing impact investment fund run out of Lloyds Banking Group has snapped up a new 397 bed purpose-built student accommodation (PBSA) development in Stratford in a deal worth nearly £300m.
Build, Baby, Build: If you want growth, you need social housing July 24, 2024 Key workers are being priced out of renting in London, placing huge human and economic costs on the capital. By recognising the value of social housing to people and to the economy, we can make the case to build more much-needed social housing in London and create a more affordable, more inclusive city for all [...]
How to be a Super Yimby – and help fix Britain’s housing crisis July 22, 2024 The UK desperately needs new homes, but some are determined to get in the way. Here's City A.M.'s guide to how to be a Super Yimby.
King’s Speech: Labour to phase out leasehold system July 17, 2024 Labour will ban the sale of leasehold flats and attempt to replace the system with commonhold, according to plans unveiled in the King's Speech today.
King’s Speech: Planning Bill unveiled to lift ‘brake’ on economic growth July 17, 2024 A new Planning Bill unveiled in the King’s Speech is intended to lift the “major brake” on the UK’s economic growth, by unlocking national housing and infrastructure projects.
This is what London needs from the King’s Speech July 17, 2024 Restoring the fortunes of our high-tax, low productivity nation will not be easy, but there are a few low-cost measures which, along with longer-term structural reforms, can unleash London’s huge potential, says John Dickie After rebuilding the Labour Party and securing a historic electoral landslide, the hard work of delivering change starts now for Sir [...]
Keir Starmer to take the ‘brakes off Britain’ with growth-focused King’s Speech July 17, 2024 Sir Keir Starmer has pledged to take the “brakes off Britain” with a growth-focused King’s Speech.