INDUSTRY NEWS
Surge in Professional Landlords acquiring properties amidst market downturn
Surge in Professional Landlords acquiring properties amidst market downturn In the midst of the United Kingdom’s property market facing its most severe decline in 14 years, recent findings have uncovered a surge in professional landlords acquiring properties. This trend has emerged concurrentl...
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Property rents set to rise 25 percent by 2026
Property rents set to rise 25 percent by 2026 In a recent report released by Hamptons estate agents, a significant uptick in UK rental prices is on the horizon, with expectations of a 25% surge over the next four years. This meteoric rise is projected to propel the average monthly rent to £1,600 by...
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Northern housing market outperforming the South for Investors
Northern housing market outperforming the South for Investors Research from Sourced Franchise, the UK’s leading property investment platform, reveals that the property market in the North of England is outperforming the South for both capital appreciation and rental yields. Sourced Franchise has ana...
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Homes by Esh delivering affordable homes in Gateshead
Homes by Esh delivering affordable homes in Gateshead A selection of two and three-bedroom homes have been constructed for affordable housing provider, Hellens Residential, as part of Homes by Esh’s Mount Park development in Gateshead. The 11 homes will be released for sale at 70% of the market valu...
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Planning Application submitted for 225,000 sq ft Logistics Unit in Winsford
Planning Application submitted for 225,000 sq ft Logistics Unit in Winsford Rula Developments has submitted a planning application to Cheshire West and Chester Council for the delivery of a significant new 225,075 sq ft logistics unit at Winsford Gateway, an industrial led strategic employment site...
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Infill sites ripe for development across England and Wales worth £256.2bn
Infill sites ripe for development across England and Wales worth £256.2bn According to the latest industry insight from Searchland, the development site sourcing specialists, the estimated value of infill sites across England and Wales is currently £256.2bn, with the South East home to 20% of these...
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Carmac expands Excavator Fleet to keep pace with Housebuilding Sector demand
Carmac expands Excavator Fleet to keep pace with Housebuilding Sector demand Carmac Building and Civil Engineering Ltd has bought seven of the latest Zaxis-7 models from Hitachi Construction Machinery UK (HCMUK) and has 26 Hitachi medium excavators in total: 13 ZX130s; seven ZX210s; three ZX160s; an...
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BakerHicks appointed to Royal Parks Highways Engineering Consultancy Framework
BakerHicks appointed to Royal Parks Highways Engineering Consultancy Framework Responsibility for helping to protect the beauty and integrity of the eight Royal Parks in London has been awarded to BakerHicks, one of a handful of companies appointed to the new The Royal Parks Highways Engineering Con...
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28,000 Commercial to Residential Development Hotspots
28,000 Commercial to Residential Development Hotspots According to the latest data release from Searchland, the development site sourcing specialists, there are nearly 28,000 MA sites with an estimated market value of over £1.5 billion located across England, primed to be converted from commercial u...
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New-build price premiums increase 20 percent annually
New-build price premiums increase 20 percent annually Research from Sourced Franchise, the UK’s leading property investment platform, has revealed that despite cooling market conditions, the average price premium commanded by a new-build property has increased by 20% in the last year, now 52% higher...
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Womble Bond Dickinson advises Carlyle on large scale single family housing transaction
Womble Bond Dickinson advises Carlyle on large scale single family housing transaction International law firm Womble Bond Dickinson has advised longstanding client Gatehouse Investment Management and new client Carlyle on their first co-operation arrangement and acquisition, in one of the largest Si...
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Urbanite Living breaks ground on £33m Student Development in Glasgow
Urbanite Living breaks ground on £33m Student Development in Glasgow Urbanite Living has commenced construction on site to deliver a £33 million student accommodation development at Jocelyn Square in Glasgow city centre. The much-anticipated new development will provide 169 studio bedrooms with best...
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Bank of England raises Interest Rates to 5.25 percent
Bank of England raises Interest Rates to 5.25 percent The Bank of England today increased interest rates from 5% to 5.25%, adding further pressure to the housing market amidst soaring mortgage payments and living costs. First-time buyers are bearing the brunt of this, with reports from Uswitch outli...
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Tide Bank upgrades helps SME’s simplify Accounting in the UK
Tide Bank upgrades helps SME’s simplify Accounting in the UK Tide, the leading digital business financial platform, has today launched its improved Tide Accounting tool, powered by Sage, to help more small businesses meet their accounting needs directly from one place – their bank accoun...
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The implications of a Buy-to-Let Exodus
The implications of a Buy-to-Let Exodus At the start of 2023, 300,000 buy-to-let properties went onto the property market, signalling an exodus of Britain’s buy-to-let landlords amidst the government’s introduction of costly Energy Performance Certificate (EPC) changes alongside its proposal of the ...
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Sovereign Housing shows strong financial performance and delivery of new homes
Sovereign Housing shows strong financial performance and delivery of new homes Sovereign Housing published its annual report for 2022/23, which shows a strong financial performance, increased delivery of new homes and steady progress in improving the customer experience. Sovereign achieved an operat...
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Over £7.5m in overpaid Stamp Duty returned to homeowners
Over £7.5m in overpaid Stamp Duty returned to homeowners Recently released figures from Cornerstone Tax 2020 revealed that the company has returned to homeowners across the UK a staggering £7,662,310.56 in overpaid stamp duty in relation to cases surrounding multiple dwellings relief. In England alo...
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UK Property Professionals not worried about an AI takeover
UK Property Professionals not worried about an AI takeover According to the latest industry insight from Searchland, the development site sourcing specialists, just 13% of UK property professionals are worried that AI technology could make their role within the workplace obsolete in the future. The...
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Two Infrastructure Commercial Directors appointed at Galliford Try
Two Infrastructure Commercial Directors appointed at Galliford Try Galliford Try, one of the UK’s leading construction groups, announces that its Infrastructure business has appointed two commercial directors, Jon McRae and Andrew Arpino, for its National Highways and Local Authorities business stre...
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Speedy Services Plant Hire reaping the benefits of managing Road Risks
Speedy Services Plant Hire reaping the benefits of managing Road Risks Speedy Services, the UK’s leading tool, equipment and plant hire services company has taken a strategic approach to managing its work-related road risk – and is reaping the business benefits. It supplies a wide range of equipment...
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Labour cost surge will hit UK Construction Industry
Labour cost surge will hit UK Construction Industry Labour costs are set to overtake the cost of materials as the biggest challenge facing the construction industry during the year ahead, according to new analysis from the Building Cost Information Service (BCIS). As part of its quarterly data brief...
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New-build home starts worth £55 billion in the last year
New-build home starts worth £55 billion in the last year Research from Sourced Franchise, a leading property investment platform in the UK, reveals that work was started on £55 billion worth of new-build homes in England during the 2022-23 financial year. Sourced Franchise has studied new-build star...
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What’s next for Property Investors as Buy-to-Let arrears soar
What’s next for Property Investors as Buy-to-Let arrears soar Up to 225,000 landlords face losses on their rental properties as a third plan to sell their buy-to-let amidst mortgage chaos according to new figures from Octane Capital, which has revealed that mortgage arrears are on the rise, wi...
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The most popular US States for Property Investment
The most popular US States for Property Investment A new analysis of Google search data named Wisconsin as the state where property investment is proving most popular. The study conducted by Malibu real estate analysed Google search data, comparing the monthly traffic of popular real estate investme...
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State-of-the-art Industrial Building breaks ground at Sheffield Business Park
State-of-the-art Industrial Building breaks ground at Sheffield Business Park Gregory Properties has commenced speculative construction to deliver a state of the art, 33,000 sq ft industrial unit at Sheffield Business Park. The unit is to comprise 30,000 sq ft of industrial/warehouse space with a 3,...
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The Potential of a Pedestrianised London
The Potential of a Pedestrianised London With ULEZ scheduled to expand to Greater London on August 29th, garnering panic for the 700,000 car-owners who do not have a ULEZ compliant vehicle, in addition to TfL fares rising by a staggering 5.9% – forms of public and personal transport are becomi...
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Scientists knit futuristic eco-buildings with Mycocrete fungi paste
Scientists knit futuristic eco-buildings with Mycocrete fungi paste Scientists hoping to reduce the environmental impact of the construction industry have developed a way to grow building materials using knitted moulds and the root network of fungi. Although researchers have experimented with simila...
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Museum of the Future in Dubai features Architectural Wonder made with Rimex Stainless Steel
Museum of the Future in Dubai features Architectural Wonder made with Rimex Stainless Steel When a new iconic building opens somewhere in the world, Rimex Metals Group, a global manufacturer of specialised metal finishes, is in the picture more often than not. The Museum of the Future, recently open...
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Buildiro celebrates 14 new Builders Merchants jumping on board
Buildiro celebrates 14 new Builders Merchants jumping on board Buildiro have announced that 14 new trade merchants have joined their construction material aggregation store. The new merchant stock can be viewed by searching for the relevant material within the search bar, or using the available cate...
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What would the Monopoly Board look like with modern house prices?
What would the Monopoly Board look like with modern house prices? While the original 1935 order of the Monopoly board was loosely based on property values at the time, new research has revealed what the board could look like with modern property values. The research by gaming experts SolitaireBliss...
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Patrick Parsons promotes Neil Hobbs to Managing Partner
Patrick Parsons promotes Neil Hobbs to Managing Partner Patrick Parsons, provider of multi-disciplinary engineering consultancy services to commercial, industrial and residential developers, has promoted former Chief Operating Officer, Neil Hobbs, to Managing Partner. He takes over leadership of the...
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Moen leads the way with whole-home Connected Water Product Suite
Moen leads the way with whole-home Connected Water Product Suite Water – one of the most used, most powerful – yet most often overlooked resources in the home. Now, Moen is connecting homeowners to their water like never before with the industry’s first of its kind, whole-home smart wate...
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World’s First IMMUNE™ Certified Residential Building opens in London
World’s First IMMUNE™ Certified Residential Building opens in London The world’s first residential property to be certified with the IMMUNE Building Standard™ has been unveiled in London, UK. One Palace Place in London, a luxury residential building managed by Navana Property Group, was awarde...
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Bellway Homes plans 121 homes in Ebbsfleet Garden City
Bellway Homes plans 121 homes in Ebbsfleet Garden City Bellway Homes has been granted planning approval for 121 homes in Ebbsfleet Garden City. It will be the first major phase of the Northfleet Embankment West mixed-use development and will be known as Harbour Village. The area forms part of Ebbsfl...
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Pandemic cuts Housebuilder Profits by half
Pandemic cuts Housebuilder Profits by half Research by real estate debt advisory specialists, Sirius Property Finance, has revealed how the pandemic halved the profits taken by the nation’s biggest housebuilders and while positive signs have been seen since, the industry is yet to completely recover...
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The Boiler Ban for new builds and the race to Net Zero
The Boiler Ban for new builds and the race to Net Zero The UK government is on a mission to reduce carbon emissions. This has led to oil and gas being at the forefront of public discussion, as they make up to 20% of all carbon emissions in the UK. In an attempt to address ...
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SearchLand’s Proptech secures £200,000 start-up seed investment
SearchLand’s Proptech secures £200,000 start-up seed investment Proptech startup SearchLand has secured a £200,000 seed investment to accelerate its development of the world’s first fully automated site sourcing tool. The funding, which came from a number of angel investors, is London-based Se...
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Genesis Homes and Russell Armer Homes start construction on 300 homes
Genesis Homes and Russell Armer Homes start construction on 300 homes An ambitious home building group will start work on creating 300 new homes over three developments, all within a four-week period. Genesis Homes and sister company Russell Armer Homes are set to build a total of 304 houses in area...
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