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Residential and Development

Residential property news and features and all the latest news on major property developments.
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Latest Residential and Development News

Sydney

Purplebricks launches Sydney office

17 January 2017

Purplebricks Group, the online estate agent, has continued its roll-out across Australia, with the launch into Sydney, and offices in Adelaide and Perth expected to follow.

Empiric’s student accommodation at College Green in Bristol

Empiric buys in York for £23m

17 January 2017

Empiric Student Property has acquired the freehold of a 220 bed student accommodation scheme in York for £23.3m.

Angel Gardens is Moda Living’s £130m PRS project in Manchester

Apache Capital and Moda Living secure £85m for Manchester scheme

16 January 2017

Apache Capital Partners, the property investment management firm, and joint venture partner Moda Living have agreed senior debt financing of £85m secured on Angel Gardens, Manchester.

Garages

Councils sitting on 22k empty London garages

16 January 2017

London councils own 22,000 empty lock-up garages in the capital which could make room for at least 16,000 homes, according to research by property crowdfunding platform Property Partner.

Student accommodation, iQ Leeds

Student housing firm secures £305m debt deal

13 January 2017

Vero Group has rebranded as iQ Student Accommodation and secured a £305m debt facility arranged by Morgan Stanley with participation from RBC Real Estate Capital Partners.

Fizzy City, Stepney Green

Stamp duty scuppers plans for PRS schemes

12 January 2017

Three Fizzy Living private rented sector (PRS) schemes have fallen through as a direct result of the 3% stamp duty surcharge, it has emerged - lending further weight to Property Week’s campaign to Call Off Duty.

Castle Hill Nido Collection Cambridge

Starwood makes £120m UK student housing debut

12 January 2017

US private equity firm Starwood Capital Group has made its debut acquisition in the UK student accommodation sector with the £120m purchase of a portfolio.

Barking Riverside

L&Q unveils plans for 25,000 PRS homes

12 January 2017

L&Q has announced an ambition to deliver 25,000 private rented sector (PRS) units across London, Milton Keynes, Cambridge and the south east.

River Ember CALA#

CALA claims Surrey resi scheme for £30m

12 January 2017

LaSalle has sold its 7.5 acre residential development site on the River Ember in Surrey to CALA Homes for £30m.

More residential stories

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RESIDENTIAL ANALYSIS

Matthew Crichton-Brown and Mark Allnutt

American apparel: Greystar interview

12 January 2017

To some, it is the private rented sector (PRS). To others, it’s the professional rented or build-to-rent sector. With the arrival of US giant Greystar in the market, another moniker is rapidly gaining traction: multi-family housing.

Construction

Starter homes 'just one tool in government's armoury'

12 January 2017

At the end of last year, you would have been forgiven for thinking that the government’s starter homes policy was dead.

Alconbury Weald, Cambridgeshire

Q&A: Hugill on Urban & Civic's plan to build its own homes

12 January 2017

The fallout from the Brexit vote has done little to halt the march of developer Urban & Civic: the company made a pre-tax profit of £35.9m in the year to the end of September 2016, up from £7m in 2015.

This week's vital residential stats

6.5%
UK house price growth in the year to December, up from 6% in the year to November (source: Halifax)

19.4%
The rise in house prices in Luton in 2016, making it the top UK property hotspot (source: Halifax)

1.4%
Average house price growth around stations on the Southern Rail network in the last six months – less than half the national average (source: eMoov.co.uk)

20%
The proportion of 25-year-olds who own their own homes, down from 46% 25 years ago, according to the Local Government Association

£222,484
The average UK house price at the end of 2016 – a record high (source: Halifax)

53.8%
The rate at which house prices have rocketed in some parts of Essex thanks to the soon-to-launch Crossrail line, according to Beresfords