UAE developer Arada secures majority stake in London housing development Property UAE-based developer Arada has bought an 80 per cent stake in Thameside West, a waterfront mixed-use development set to deliver 5,000 housing units in the capital. The £2.5bn deal is Arada’s second large-scale investment in the London residential market in the space of less than two months, following its purchase of local developer Regal in [...]
Average age of first-time buyer in London hits 35 Property The average age of Brits buying their first homes has surged over the past two decades as house prices have risen faster than wages. The average age of a first-time buyer in London was 31 in the mid-2000s, but it has since risen to nearly 35, according to new research from Conveyancing Solicitor. Property expert [...]
Number of affordable homes started in London plummets Property The number of affordable homes underway in the capital has fallen far short of expectations as tight regulations and cost pressures make sites unviable. The Greater London Authority has so far completed 871 homes under the 2021-2026 Affordable Homes Programme (AHP), according to its annual housing report. This is just over five per cent of [...]
London house prices rise by just £600 as worst borough revealed January 14, 2025 The London borough where more houses fell in value than almost any other area in the UK in 2024 has been revealed. According to new data released by Zoopla, the value of 72 per cent of houses in Kensington and Chelsea fell by at least one per cent last year. A total of 73,200 homes [...]
Build a new town in London December 18, 2024 The government has committed to building new towns with at least 10,000 homes but where should they go? London is the obvious place, says Jonathan Seager If you were asked to picture a new town in England, what comes to mind? Some of the better-known settlements established in the mid-20th century may well feature – [...]
Renters set for more tough times as house sales strengthen October 10, 2024 The latest RICS Residential Survey has provided a lot of optimism for house buyers and sellers, but less for tenants, who are set to contend with an even tougher market. The survey, which asks estate agents for their opinion on the housing market, found a “sustained improvement in market activity”, with measures of demand, sales and [...]
UK’s largest pension fund agrees £405m homes deal with Blackstone August 13, 2024 The UK’s largest pension fund has acquired 3,000 homes from Blackstone for more than £400m. The Universities Superannuation Scheme (USS) has snapped up the portfolio of shared ownership homes from affordable housing company, Sage. Sage is majority-owned by Blackstone alongside real estate investor Regis and was formed in 2017. The £405m deal is the first [...]
Move to cut London’s housebuilding target raises eyebrows July 30, 2024 Angela Rayner’s decision to cut London’s housing target has raised some eyebrows given the severe housing crisis facing Londoners. In a speech in the House of Commons this afternoon, the deputy Prime Minister confirmed that mandatory housing targets would be reinstated for local authorities among a swathe of other planning changes. But the new target [...]
London house prices fall on back of rising mortgages and stamp duty April 29, 2024 London buyers are seeing the highest average difference in annual mortgage repayments, rising £7,500 pounds since 2021, the latest reading from property portal Zoopla has shown.
Bobby Arora: B&M bigwig sells London pad near Buckingham Palace for 30 per cent loss March 8, 2024 British billionaire and trading director for budget retailer B&M has sold his London mansion for a 30 per cent loss.