Government backs £217m Turkish solar power plant to meet COP26 climate goals November 15, 2021 The government is supporting the largest solar power station in Turkey to the tune of £217m, which will initially be assembled in the UK. The public money will go towards Turkish conglomerate Kalyon Group’s 1.35GW Karapinar solar project, as the UK aims to deliver on climate pledges made at COP26. Ministerial department UK Export Finance [...]
Home values dropping: Average house price falls by more than £2,000 November 15, 2021 New figures show this morning that the average price of a home coming to market dipped by more than £2,000 so far this month. Across Britain, the average price tag now stands at £342,401 – £2,044, or 0.6 per cent, less than in October – as sellers seek to attract buyers’ attention ahead of the [...]
Hot property: Covid ‘race for space’ has homemover numbers at a record high November 15, 2021 Whether it was shifting to the countryside, out to the suburbs or back into the post-lockdown bustle of a city centre, removals vans have been criss-crossing the country to keep up with a boom in the number of homemovers. Data out this morning from Halifax confirms the number of homemovers hit a record high in [...]
Focus On: Get yourself into a Pickle in booming Bermondsey November 12, 2021 Located in the south-easterly London Borough of Southwark, Bermondsey has a fascinating past. Back in the 1800s it was known for its industrial plants for processing animal hides (hence some road names such as Tanner Street and Leathermarket), as well as slums for local workers and the notorious docks that inspired scenes in Dickensian novels [...]
Why prime property buyers need an agent November 8, 2021 A search for a prime property can involve speaking to 20 or 30 different selling agents. The market is being disrupted all the time, with new agents and brokers splintering off from other firms and setting up on their own. Brokerage numbers are increasing all the time and it is harder than ever to stay [...]
First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
UK house prices surpass £270k November 5, 2021 UK house prices have hit a record high as the average property tops £270,000. Annual house price inflation has reached 8.1 per cent, from 7.4 per cent, according to Halifax’s house price index. London has remained the weakest performing area of the UK by quite a stretch. Annual inflation was 0.8 per cent, compared to [...]
French Connection £29m takeover approved by shareholders November 2, 2021 Fashion firm French Connection’s shareholders have put their support behind a £29m takeover. Buyer Apinder Singh Ghura – who has experience in the clothing sector as well as property and care homes – joined forces with partner Amarjit Singh Grewal, and KJR Brothers, headed by textile businessman Rafiq Patel. The move means the retailer is [...]
Focus on: Royal Docks – Royal Albert Wharf is a trendy new neighbourhood October 29, 2021 Stretching 4km along the northerly banks of the River Thames, the Royal Docks, in the London Borough of Newham, were originally built for importing and exporting goods during the Industrial Revolution. Closed in the 1980s, they have been undergoing a great deal of regeneration over the last decade, with a diverse array of residential, commercial [...]
Second home buyers dodge bullet of stamp duty rise for now October 28, 2021 Chancellor Rishi Sunak may have taken a last minute decision not to increase the stamp duty surcharge paid by landlords and second home buyers. The government had planned to hike the three percentage point surcharge on additional property purchases to four percentage points, first reported by the Daily Telegraph. In the economic and fiscal outlook, [...]