Residential
Property Week
Stories with this category.
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Aviva ponders local authority housing funding model
25 May 2012
Aviva Investors has entered into talks with the London Borough of Barking and Dagenham about funding council housing, in a sign of the sector’s increasing attractiveness to institutional investors.
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Berkeley becomes Principal player at Hammerson scheme
25 May 2012
Pidgley pounces on another prime London residential site, becoming frontrunner for City fringe tower
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Cala and Barratt tap into Edinburgh waterworks
25 May 2012
Cala Group and Barratt Homes are close to buying a 26 acre site on the outskirts of Edinburgh, for the development of hundreds of homes.
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Carlyle floats 1m sq ft Blackfriars makeover
25 May 2012
Private equity firm to create more than 1m sq ft in schemes at south of bridge
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Housebuilders expect starts to increase but outlook remains gloomy
25 May 2012
No bank funding for developers, no mortgages for homebuyers — the outlook for the residential sector is not good, suggests Knight Frank’s Housebuilding Report, released today.
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London Square’s nine lives
25 May 2012
London Square has bought its ninth site in the capital, on Waldegrave Road in Teddington, south-west London.
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Residential plans for Shell Centre
25 May 2012
Qatari Diar and Canary Wharf Group plan to create around 800 homes at their redevelopment of London’s Shell Centre, and are consulting the local community on the proposals.
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Telford seeks western promise
25 May 2012
Housebuilder remains committed to east London but wants to cash in on capital’s traditional prime pitches as well. Emma Haslett reports
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Telford seeks western promise
25 May 2012
Housebuilder remains committed to east London but wants to cash in on capital’s traditional prime pitches as well. Emma Haslett reports
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Clarges Estate deal falls through
24 May 2012
One of Mayfair’s largest development opportunities is to be remarketed for £150-200m, after plans to sell it to Chelsfield Partners officially fell through today.
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NAMA to pump €2bn into projects
23 May 2012
Ireland’s National Asset Management Agency is to invest €2bn to bring forward Irish schemes, “in anticipation of future supply shortages in some market segments” and because its Irish assets have more potential than previously thought.
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Quintain and Wellcome secure Shoreditch finance
23 May 2012
Quintain and the Wellcome Trust have secured a £70m financing for their iQ Shoreditch student accommodation scheme.
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Canary plans South Bank flats
21 May 2012
Qatari Diar and Canary Wharf Group are planning around 800 homes at their planned redevelopment of London’s Shell Centre, and are consulting the local community on the possibility of a 37 storey residential tower.
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Mortgage lending slumps by £2bn
21 May 2012
Mortgage lending fell by more than £2bn last month, the Council of Mortgage Lenders said today.
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Knightsbridge barracks prepared for £300m+ sale
18 May 2012
The Ministry of Defence is preparing to offload Hyde Park Barracks - a much sought after development opportunity on Hyde Park, PropertyWeek.com can reveal.
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Boultbee Corinthian JV to bolster homes in the south east
18 May 2012
Developer Boultbee has formed a joint venture with Hampshire-based Corinthian Homes to build 9 homes on a site in Carshalton Beeches.
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Canada’s Realstar scores in Chelsea with third block
18 May 2012
Purchase for private-rented venture follows two in Hackney and Wandsworth. Emma Haslett reports
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Crunch time for United House and Allied London on Chrisp Street
18 May 2012
Partnership picked to develop £100m residential and retail regeneration scheme in East End of London
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Hearthstone wins thumbs-up for Britain’s first resi PAIF
18 May 2012
Hearthstone Investments has received Financial Services Authority (FSA) approval for the UK’s first residential property authorised investment fund.
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Lone Star hopes to square Birmingham Cube for £40m
18 May 2012
Project Royal asset that has been in administration for two years to be put up for sale in summer
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Need to know: East Village
18 May 2012
Delancey and Qatari Diar’s East Village E20 (pictured) will be the first “legacy neighbourhood” to come out of this summer’s Olympic Games.
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RESI Awards: The 2012 winners
18 May 2012
Property Week celebrates the best in the world of residential real estate
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The word … on resi funds
18 May 2012
A report published earlier this month by the Communities and Local Government Committee, Financing of New Housing Supply, called for the government to do more to encourage institutional investment into rented housing. How can it get money flowing into the sector?
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Redefine wins Harrow consent
17 May 2012
Investor Redefine International received planning consent last night from Harrow Borough Council for a residential-led, mixed use scheme in Harrow town centre.
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Berkeley takes Wapping lead
17 May 2012
Berkeley Group is closing in on buying Fortress Wapping, the former headquarters of Rupert Murdoch’s News International, The Financial Times reported today.
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Berkeley takes the lead at Wapping
17 May 2012
Berkeley Group is closing in on buying Fortress Wapping, the former headquarters of Rupert Murdoch’s News International, The Financial Times reported today.
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Valuation gains boost Grainger NAV
17 May 2012
Net asset value at residential specialist Grainger rose by 3.4% in the six months to the end of March, the company reported today.
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RESI Awards 2012: full list of winners and photos
16 May 2012
Berkeley Group’s legendary chairman Tony Pidgley was last night named Personality of the Year at Property Week’s inaugural RESI Awards.
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RESI Awards 2012: full list of winners and photos
16 May 2012
Berkeley Group’s legendary chairman Tony Pidgley was last night named Personality of the Year at Property Week’s inaugural RESI Awards.
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Disappointing NewBuy numbers revealed
15 May 2012
Two months after its launch, there have been just five completions under the government’s NewBuy scheme, according to research by investment bank Canaccord Genuity.
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Steve Morgan increases Redrow ownership to 40%
15 May 2012
Steve Morgan, chairman of Redrow, is set to increase his ownership of the house-builder to more than 40% following a meeting of shareholders today.
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UNITE sales continue apace
15 May 2012
Student group Unite is on track to sell up to £150m of assets in 2012, and has more than £50m sales complete or underway.
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Livesey wins Norfolk consent
14 May 2012
Developer PJ Livesey has won planning permission for a £15m scheme in Norfolk, TheBusinessDesk.com reported today.
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Residential land values flatten out
14 May 2012
A report by Knight Frank has suggested the average value of residential land in the UK remained flat in the first quarter of 2012, following a 1.3% rise in the final three months of 2011.
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Grainger opens another chapter of Wards Corner saga
11 May 2012
Grainger this week resubmitted revised plans for a £60m redevelopment of historic buildings and a market in north London.
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Highly Commended: Cotton Quarter - Warren Rosing Architects, Bi and Concius Consultants
11 May 2012
The team said the site “lacked a sense of space”.
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Highly Commended: High Security with a Human Face - Kinetique
11 May 2012
High Security with a Human Face: Kinetique
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Shortlisted duo cotton on to BCO Manchester design contest
11 May 2012
Judges will choose winner at conference on 24 May. Emma Haslett reports
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Shortlisted: Cotton Quarter - Crea8architecture and Harley Haddow
11 May 2012
The entry from architect Crea8architecture and consulting engineer Harley Haddow uses “passive design” principles, which means using the fabric of the building to heat and cool it, rather than air conditioning or central heating.
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Shortlisted: CottonOn -Tilney Shane, Medland Metropolis and BG2
11 May 2012
Architect Tilney Shane collaborated with engineering firm Medland Metropolis and building sustainability company BG2 Global Solutions on this entry.
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Barratt boasts best spring in five years
10 May 2012
Housebuilder Barratt Developments reported its best “spring selling season” for five years this morning.
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Plymouth site sold for £30m student housing scheme
8 May 2012
A 1.2 acre Plymouth city centre development site has been sold to a student housing company, after a battle to save the building there from demolition.
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Government has failed on housebuilding, says report
7 May 2012
The government has failed to meet demands for housing, a report by the cross-party Communities and Local Government Committee has stated.
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House prices "fluctuating widely"
4 May 2012
House prices continued to “fluctuate widely” in April as a sign of continued uncertainty in the UK economy, the Lloyds Banking Group’s Halifax House Price Index said today.
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Coalition should have gone Down Under to fight SDLT avoidance
04 May 2012
The government’s attack on stamp duty land tax avoidance, which pushed stamp duty on the purchase of residential properties worth more than £2m by companies up to 15%, came as a surprise last month.
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Grosvenor and Oxford City Council put 90 acre site out to tender
04 May 2012
A joint venture between Grosvenor and Oxford City Council tendered at the end of April for housebuilders to develop a 90 acre site in Barton, to the north-east of the city.
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London boroughs fall way behind housebuilding targets
04 May 2012
As the argument over a lack of affordable housing in the capital continues to rage, a report revealed to Property Week today by Nathaniel Lichfield & Partners, has shown London boroughs could generate an extra £1.4bn in economic output by 2021, if they met housebuilding targets set out for them by the mayor of London.
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Round Hill all go for £415m Nido
04 May 2012
Blackstone has exchanged contracts to sell its Nido student accommodation business for £415m to Round Hill Capital, as revealed by Property Week in November.
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St Modwen chief Oliver underwhelmed by NewBuy scheme
04 May 2012
Developer speaks to Emma Haslett as purchase of RAF Uxbridge completes
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St Modwen chief Oliver underwhelmed by NewBuy scheme
04 May 2012
Developer speaks to Emma Haslett as purchase of RAF Uxbridge completes
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Terra Firma buys care homes
04 May 2012
Guy Hands’ Terra Firma is to buy the UK’s biggest care home operator, Four Seasons Health Care, for £825m.
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Investec Securities: Household Goods & Home Construction - May 2012
3 May 2012
Three months on from our housebuilding initiation note, Huffing and Puffing, on 30th January, and things are going along steadily so far, very much in line with our thesis.
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Brooks MacDonalds Funds makes Salford ground rents buy
3 May 2012
Brooks MacDonalds Funds has bought the ground rent of a residential development in Salford Quays out of administration.
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Native Land plans £300m Mayfair resi
3 May 2012
Native Land is in exclusive talks to redevelop an office block worth almost £100m just off London’s Regent Street, PropertyWeek.com can reveal.
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Climbdown on Lord's development ban
2 May 2012
Marylebone Cricket Club this afternoon withdrew a controversial motion to ban residential development at the home of cricket.
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Galliard chairman Conway buys back stake from Petchey
2 May 2012
Veteran property entrepreneur Jack Petchey has sold his 50% stake in Galliard Homes back to the company’s CEO, Stephen Conway, for £50m.
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Midweek Bulletin: "Developers should consider resi for business parks"
2 May 2012
Developers should consider knocking down vacant or underperforming business park buildings and developing residential instead, members of the property industry heard at the Knight Frank M25 research breakfast this morning.
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Mayfair penthouse sets new price record
1 May 2012
The sale of a penthouse apartment at the Walpole Mayfair development on Arlington Street in London has set a new price record for the area.
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Blackstone sells Nido for £415m
1 May 2012
Blackstone has exchanged contracts to sell its Nido student accommodation business for £415m to Round Hill Capital, as revealed by Property Week (news, 4.11.11).
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Birmingham University submits £175m expansion plans
1 May 2012
The University of Birmingham has submitted plans for the £175m expansion of its Edgbaston campus, TheBusinessDesk.com reported today.
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Downing plans £90m student developments
1 May 2012
Liverpool-based developer Downing has announced plans to embark on £90m worth of student property developments at a pair of schemes in London and Cambridge, TheBusinessDesk.com reported today.
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L&G completes debut property debt deal
1 May 2012
Legal & General has made its debut real estate debt financing deal.
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Grant unlocks Ruskin Square first phase
1 May 2012
Public funding from a local enterprise body will allow Stanhope and Schroders to begin the first homes at Croydon’s Ruskin Square, after years of stasis at the nine acre scheme.
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Hands' £825m grab for care home operator
30 April 2012
Guy Hands’ Terra Firma is to buy the UK’s biggest care home operator Four Seasons Health Care for £825m.
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Hamptons International forms New York alliance
30 April 2012
Hamptons International has expanded its international footprint by signing an agreement with a New York real estate firm.
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Agents blast EPC rules
27 April 2012
New legislation on energy performance certificates (EPC) has been decried as “ill-thought-out” by estate agents.
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Canning Town fizzing with private rental flats
27 April 2012
Thames Valley Housing Association’s pioneering private rental subsidiary, Fizzy Living, has made its second purchase.
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Empty homes tsar Clarke: ‘halve void rate’
27 April 2012
TV presenter says schemes are demolished that should be redeveloped. Emma Haslett reports
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No place like home counties for prime growth …
27 April 2012
There are signs of recovery in the residential market outside London, as foreign interest in the capital prices buyers out, Savills research reveals.
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Regions give London a run for its money
27 April 2012
Two property experts talk about their experience of resi in the regions
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Fresh Centre Point images unveiled
25 April 2012
Almacantar and Frogmore have released a fresh handful of images showing how their redevelopment of London’s iconic Centre Point would look.
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St Modwen and Vinci buy Uxbridge site
24 April 2012
VSM Estates, St Modwen’s joint venture with Vinci, has completed the purchase of RAF Uxbridge in west London for its Project MoDEL contract.
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Redrow to raise £80m for London resi expansion
24 April 2012
Redrow is raising £79.6m through a sale of shares in order to expand its London business as well as buy more regional sites.
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Native Land plans prime rented drive
23 April 2012
Native Land, Grosvenor and Amcorp Properties of Malaysia have today confirmed the purchase of Pavilion D at NEO Bankside on London’s South Bank as a rental investment, as Native gears up for further rental deals.
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Miller Group appoints new chairman
23 April 2012
Miller Group has appointed the chief executive of global technology company Smiths Group as its new chairman.
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Planning permission granted for £1bn Edinburgh village
23 April 2012
Planning permission has been granted for a £1bn residential scheme near Edinburgh.
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Praxis gets green light in Wales
20 April 2012
Praxis has secured outline planning consent for a major mixed use scheme in Deeside, North Wales.
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Empty homes tsar calls for fund
20 April 2012
“Restoration Man” George Clarke wants the number of long-term empty homes in the UK reduced by half over the next five years.
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New chief plans to put Peverel’s problems in past
20 April 2012
Private equity owners hope Entwistle will combat Tchenguiz effect. Emma Haslett reports
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RICS’s new resi king backs tougher regulation
20 April 2012
The RICS has appointed Peter Bolton King as its global residential director, as it attempts to increase its influence in the sector and tackle issues such as regulation and sustainability.
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RICS’s new resi king backs tougher regulation
20 April 2012
The RICS has appointed Peter Bolton King as its global residential director, as it attempts to increase its influence in the sector and tackle issues such as regulation and sustainability.
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Miller Homes to buy Glasgow residential site
19 April 2012
Miller Homes has formed an agreement with Glasgow City Council’s property arm to buy a 54.14 acre site at Crookston Farm.
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Green light for last phase of 780-flat Thames Barrier scheme
19 April 2012
Barratt Homes, Taylor Wimpey and the London Development Agency have been given the green light for the final phase of their 780-apartment scheme next to London’s Thames Barrier.
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Conygar granted permission for Welsh Marina
17 April 2012
Conygar has been granted outline planning permission for a 450 berth marina development at Fishguard, Wales.
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NAMA St James’s block sold to Norwegians
16 April 2012
A Norwegian shipping and oil family has bought a residential development site controlled by Ireland’s National Asset Management Agency in the St James’s area of London.
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GLA begins hunt for residential development partners
16 April 2012
The Greater London Authority (GLA) has kicked off a search for developers to join a new housing procurement panel aimed at accelerating the sale of its land and property holdings in the capital.
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All square in Fulham
13 April 2012
London Square has won planning permission to develop 40 townhouses in Fulham, around a new residential square on a 2 acre site (pictured).
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Carlyle takes student course
13 April 2012
Carlyle has launched a student accommodation brand as it seeks to increase its exposure to the sector.
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Government pushes forward plans for social housing REITs
13 April 2012
Consultation launched to encourage providers to convert or launch by next year
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Only a stronger housing recovery will propel growth
13 April 2012
Market forces shape housebuilders’ performance despite continued government support. By Richard Donnell
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Only a stronger housing recovery will propel growth
13 April 2012
Market forces shape housebuilders’ performance despite continued government support. By Richard Donnell
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Wainbridge’s £38m Knightsbridge buy
13 April 2012
Newly established residential venture Wainbridge Estates has teamed up with luxury homes specialist Finchatton for its first UK purchase, a £38m site in Knightsbridge.
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Why now is the time to carry out a residential conversion
13 April 2012
Central London residential property boom needs new recruits. Emma Haslett reports
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Why now is the time to carry out a residential conversion
13 April 2012
Central London residential property boom needs new recruits. Emma Haslett reports
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Luxury Nottingham apartment scheme in administration
12 April 2012
The owner of a luxury residential scheme in Nottingham, which achieved the city’s first £1m apartment sale, has been placed in administration.
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JLL appointed to sell 40-storey Liverpool tower
12 April 2012
Jones Lang LaSalle has been appointed to sell the 40-storey West Tower development in Liverpool, TheBusinessDesk.com reported today.
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DevSecs and Realstar buy east London Nama resi block
11 April 2012
Development Securities and Canadian property company Realstar have bought a residential building adjacent to the Olympic Park for £15.7m.
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HCA exceeds targets for 2011/12
10 April 2012
The Homes and Communities Agency has brought 450 acres of brownfield land back into use this year, against a target of 395 acres, the authority said today.
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Wainbridge in £38m debut residential buy
10 April 2012
Newly-established residential venture Wainbridge Estates has teamed up with luxury homes specialist Finchatton to complete its first UK purchase, a £38m site in Knightsbridge.
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Carlyle launches student accommodation brand
10 April 2012
US private equity firm Carlyle has launches a new student accommodation brand as it looks to increase its exposure to the student living sector.
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‘Frustrating and annoying’ NewBuy scheme falls flat
05 April 2012
Lenders and housebuilders shun homebuying initiative. James Whitmore reports
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‘Frustrating and annoying’ NewBuy scheme falls flat
05 April 2012
Lenders and housebuilders shun homebuying initiative. James Whitmore reports
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Down and out in peril in London
05 April 2012
In part two of our series examining the issues affecting London’s mayoral election, David Hatcher talks to campaigners and fund managers pioneering an alternative investment solution to the capital’s homeless problem
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Ilford tower in administration
05 April 2012
A part-completed residential tower in Ilford, east London, has gone into administration. The towers of 33 and 25 storeys, comprising 294 units,are nearly fully developed.
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Little change for first-time buyers since 1950s
05 April 2012
As first-time home buyers continue to struggle to get on the housing ladder, a new report by London South Bank university masters in real estate course director Scott King analyses how trends have changed since the 1950s.
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London councils will delay office-to-resi conversions
05 April 2012
More than a third of London’s councils will refuse to allow conversion of offices into homes for at least 18 months.
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Saxo’s €114m Danish Resolution
05 April 2012
Resolution Property and Saxo Properties have agreed to buy around €114m of properties in Copenhagen, Denmark.
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Colliers International: Residential Data Shot - March 2012
3 April 2012
“The government, being keen to kick-start the housing industry has made several headline grabbing announcements lately on government-backed mortgage and house building schemes.”
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United House picked for £130m Finsbury Park overhaul
3 April 2012
United House is to deliver Islington’s largest regeneration scheme since the Arsenal Stadium project.
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PCP’s great expectations
30 March 2012
Dubai-based Amanda Staveley is expected to push the speculative button on a 1m sq ft scheme at Arundel Great Court near London’s Strand, after buying it from Land Securities this week.
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Rough justice
30 March 2012
The conviction of a fraudster has highlighted flaws in the residential lettings world. Mira Bar-Hillel investigates
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Rough justice
30 March 2012
The conviction of a fraudster has highlighted flaws in the residential lettings world. Mira Bar-Hillel investigates
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St Modwen and Vinci home in on Nine Elms
30 March 2012
St Modwen and construction firm Vinci could begin building homes in London’s Nine Elms as early as 2014, after the pair were selected this week to redevelop the 57 acre Covent Garden Market site.
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Bellway buys Rolls Royce site
29 March 2012
Bellway Homes has exchanged contracts to buy part of the former Rolls Royce engine factory site to the north of Watford.
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Quintain sells Bristol development site
29 March 2012
Quintain has sold an undeveloped residential site in Bristol for £12m as it increases its financial resources in order to focus on its two London mega-schemes.
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Olympic housebuilder shortlist revealed
28 March 2012
Barratt, Taylor Wimpey and Countryside Properties all feature on a shortlist of three consortia bidding to develop the first phase of housing at the Olympic Park post-Games, it was announced today.
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Ronson slams "lynching" of RBS boss Hester
27 March 2012
Heron International chief executive Gerald Ronson today launched a passionate defence of Stephen Hester, accusing newspaper editors of “hypocrisy and envy” in their “lynching” of the Royal Bank of Scotland boss.
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Knight Frank: Residential Investment 2012
23 March 2012
Institutional investment is the life-blood of the UK’s commercial property sector. By comparison the exposure of pension funds and insurancecompanies to residential property is very limited.
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Bids sought to cure Collyhurst’s wobbles
23 March 2012
Manchester’s neglected north-eastern corner is next in line for a rebirth. Paul Unger reports
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Essex’s Knowledge Gateway opens up for students
23 March 2012
Development of the first student accommodation buildings at the University of Essex’s Knowledge Gateway in Colchester will begin in May, following the completion of infrastructure works this month.
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Stamp duty raid fires London fears
23 March 2012
Increased resi tax provokes outrage
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ECOBUILD: Cost of carbon zero is too high, says Barratt chief
22 March 2012
Building sustainable homes is still too expensive, Mark Clare, chief executive of Barratt Homes, has said at bthe EcoBuild conference.
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BUDGET 2012: Treasury to consult on social housing REITs but not mortgage REITs
21 March 2012
The Treasury said today it planned to consult on the role REITs can play in supporting the social housing sector, but it has overlooked mortgage REITs.
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BUDGET 2012: Candy - 'Banker-bashing replaced by property-bashing'
21 March 2012
Candy & Candy co-founder Nick Candy today slated chancellor George Osborne’s sharp increases in stamp duty on homes worth more than £2m in today’s Budget.
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BUDGET 2012: Osborne introduces 15% stamp duty tax
21 March 2012
Chancellor George Osborne has introduced a 15% stamp duty tax on homes worth more than £2m that are bought through a company.
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Mortgage lending up 14% year-on-year
20 March 2012
Mortgage lending stayed steady in February ahead of the end of the Stamp Duty concession at the end of this week.
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CapCo gets council rubber stamp for Earls Court plans
20 March 2012
Capital & Counties today said that the London Borough of Hammersmith & Fulham had adopted a new policy document that will help bring forward its huge Earls Court development.
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Foxtons hunted for second time by BC backers
19 March 2012
Private equity firm BC Partners is buying back a majority stake in estate agent Foxtons for between £55m and £75m, after losing control of it in 2010.
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Barratt close to landing NAMA’s Old Street Eagle House
16 March 2012
Ireland’s “bad bank” shortlists two parties for £65m stalled residential scheme. Nick Johnstone reports
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Four Seasons plans to go whole securitisation hog
16 March 2012
Lender RBS to consider “whole-business” securitisation to refinance £725m of debt, or outright sale
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Kuwaiti investor helps Tobacco Dock turn over new leaf
16 March 2012
Long-vacant site will have hotel, flats and public realm. Hardeep Sandher reports
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Middlesbrough’s sustainable future begins at home
16 March 2012
If Middlesbrough is to have a sustainable future, the process of revitalising our people and the houses they live in must be top of the agenda.
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Local developer plans 1m sq ft Oldham business park
15 March 2012
Oldham-based Grasscroft Property and Seddon Group are planning a 1m sq ft business park in the Foxdenton area of Oldham, TheBusinessDesk.com reported today.
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Richard Akers joins Barratt’s board
14 March 2012
Housebuilder Barratt Developments has appointed Land Securities’ head of retail Richard Akers to its board.
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Miller Group reports £92.8m loss
14 March 2012
Miller Group suffered a £92.8m pretax loss last year.
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Ikea parent submits giant Stratford mixed-use plans
14 March 2012
LandProp Holding, part of the Inter Ikea Group, has submitted plans for its 26 acre site at Strand East in Stratford, London, to include 1,200 homes and more than half a million square foot of offices.
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Liberty Living buys Clarence Dock’s student housing
13 March 2012
Liberty Living, which is owned by the Brandeaux Student Accommodation Fund, has bought the 612-bed student residences at Clarence Dock in Leeds.
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Green light for £42m Deptford scheme
12 March 2012
A joint venture between Cathedral Group and United House has been given planning permission for a residentially led scheme in Deptford town centre.
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Grainger hires director of strategic capital markets
12 March 2012
Listed residential landlord Grainger has appointed a new director of strategic capital markets from Pradera.
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MIPIM 2012: Nick Candy's top countries with money to spend
9 March 2012
Property Week caught up with Nick Candy, chief executive of Candy & Candy, to hear his views including the top four countries with money to spend in London.
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Barratt to taste Sainsbury’s £300m difference in Fulham
09 March 2012
Developer plans residential-led scheme with supermarket in first of several projects in London
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Carlyle under water in Poole and kicked out of Beds
09 March 2012
Receivers called in as Quayside and Twinwoods schemes breach debt covenants
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LaSalle pays £32m Stockwell tuition fees
09 March 2012
LaSalle Investment Management has bought and will fund construction of a 328-bed student hall scheme known as the Quadrant, in Stockwell, south London.
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London flies flag for housing development
09 March 2012
Residential development in the UK’s regions has been sluggish ever since the onset of the credit crunch in mid-2007, but values in many areas of London have barely taken a knock and schemes continue to shoot up at a rate of knots. David Hatcher looks at four of the capital’s highest-profile schemes that are all fast coming to fruition
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Q + A: Michael Ingall's challenge at Clarence Dock
09 March 2012
After the success of Spinningfields in Manchester, Allied London has taken on the underperforming Clarence Dock scheme in Leeds. Rachel Hunter quizzed chief executive Mike Ingalls on his plans
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Time for a Dollar
09 March 2012
Londonewcastle and UK & European Investments have obtained planning permission for their Dollar Bay residential scheme in London’s Docklands.
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MIPIM 2012: Bouygues and Newham agree £600m Canning Town scheme
8 March 2012
Bouygues Development and the London Borough of Newham have agreed development terms the £600m Canning Town Centre scheme, it announced today at MIPIM.
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MIPIM 2012: Squarestone founders launch resi development venture
8 March 2012
Squarestone co-founders Robert Sloss and Tim Barlow have raised £100m for a new residential development venture Propertyweek.com can reveal.
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Terrace Hill completes £75m resi sale
7 March 2012
Terrace Hill has completed the sale of a portfolio of 574 apartments to Swedish property group Akelius.
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MIPIM 2012: London not in danger of "housing bubble" says Cowell
7 March 2012
London should not fear a housing bubble as in-flows of international money are not likely to dry up, Nicholas Cowell, managing partner of the Cowell Group of Companies, said last night.
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MIPIM 2012: UKR names Nottingham as location of first pilot 'village'
6 March 2012
UK Regeneration has named Nottingham as the location for its first pilot ‘village’ of 200 homes.
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Peverel sold by administrator for £62m
6 March 2012
Peverel Group, the property management company formerly owned by Vincent Tchenguiz was bought out of administration for £62m.
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Candy enters US luxury market with New York penthouse
6 March 2012
Christian Candy has taken his first step into the American luxury residential market with the purchase of a three-storey penthouse apartment at the Plaza Hotel, overlooking Central Park.
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Nine Elms developers facing another new tax
5 March 2012
Wandsworth Council has set out proposals for a Community Infrastructure Levy to tax developers up to £575 for every square metre of residential development across the vast majority of the borough, on top of a new, similar charge being introduced by the mayor’s office this year.
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Home Builders Federation: New Housing Pipeline - Q4 2011
3 March 2012
The flow of residential approvals remained subdued during the third quarter of 2011. Whilst the number of units approved was off the two year low seen during the previous three months, it remained extremely weak.
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Conran has designs on €100m Tuscan hilltop idyll
02 March 2012
Sir Terence Conran is to transform a Tuscan hilltop village into a €100m luxury residential resort.
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Dizzy Heights - Supertall towers
02 March 2012
Step away if you suffer from vertigo — skyscrapers have gone “supertall”. Hardeep Sandher reports
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Minerva chief Hasan to lead St John’s Wood Barracks
02 March 2012
The chief executive of Minerva has been appointed by a Malaysian billionaire to help develop the £250m former St John’s Wood Barracks in north London into new homes.
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Pidgley pounces on Reubens’ riverside site
02 March 2012
Berkeley’s St James subsidiary to take over Foster-designed aparthotel and flats
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Yoo’s Philippe Starck to lux out Mumbai resi tower
02 March 2012
Residential design and development firm Yoo has been commissioned by Indian developer Lodha Group on a 63-storey tower in Mumbai.
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Alchemi finds chemistry with £35m Victoria block
1 March 2012
A residential development company has bought a £35m office building from Blackrock on London’s Victoria Street, PropertyWeek.com can reveal.
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Unite sees 8% NAV rise
1 March 2012
Unite Group, the student accommodation provider, saw its net asset value increase by 8% to 318p a share in 2011 on the back of good rental growth and development profits.
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Grosvenor and Derwent complete Hyde Park Corner JV
1 March 2012
Grosvenor and Derwent London have formalised their joint venture to redevelop the 168,000 sq ft 1-5 Grosvenor Place into a luxury mixed use scheme.
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Liberty Living secures £300m debt package
29 February 2012
Student accommodation provider Liberty Living has secured a comprehensive financing package of £300m from HSBC and Royal Bank of Scotland.
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Residential investment property returned 11.3% last year
29 February 2012
Residential investment property has continued to perform better than commercial property, delivering returns of 11.3% last year, driven by the strong London market.
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Hammersmith Palais sold for student accommodation
29 February 2012
London & Regional has sold the Hammersmith Palais, one of London’s best-known concert venues, to a joint venture led by US private equity group Carlyle.
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Minerva chief to develop St John's Wood Barracks
27 February 2012
The chief executive of Minerva has been hired by a Malaysian billionaire to help develop the £250m former St John’s Wood Barracks in north London in to new homes.
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Connells buys 25% stake in resi fund manager Hearthstone
27 February 2012
Estate agency and services provider Connells Group has bought a 25% stake in residential fund manager Hearthstone Investments ahead of the launch of its first fund.
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Native Land and Grosvenor complete £50m Alpha Place deal
24 February 2012
Native Land and Grosvenor have completed the purchase of Alpha Place for £50m.
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Carlyle Group buys St. James block from Crown Estate
24 February 2012
The Carlyle Group has bought 88 St. James’s Street from The Crown Estate for £36.5m.
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2m sq ft of West End offices turn to resi
24 February 2012
Around 2m sq ft of offices in London’s West End have been given planning consent for conversion to homes, as developers continue to take advantage of the area’s soaring residential market.
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Great Portland and CapCo to sell Park Crescent West
24 February 2012
Great Portland Estates and Capital & Counties are considering a disposal of another portion of London’s John Nash-designed Park Crescent in central London.
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London’s resi hat-trick
24 February 2012
Three large residential-led schemes in London received planning consent late last week. Plans by Westfield, Capital & Counties and Ballymore all got the go-ahead, as demand for residential property in London continues to soar.
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Ritchie and Orf primed for rentals in ‘golden postcodes’
24 February 2012
Apollo and Residential Land plot £1bn fund of prime London postcodes. Nick Johnstone reports
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South African lands £100m NAMA scheme in Lewes
24 February 2012
Investor that bought Edinburgh’s Caltongate backs Santon in second UK investment
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St Modwen’s Somerset homes
24 February 2012
St Modwen has bought a 12 acre residential development site to the east of Bridgwater in Somerset.
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Wainbridge’s resi wealth division
24 February 2012
Wainbridge has launched a high-end residential development and investment arm aimed at wealthy individuals in the world’s most affluent cities.
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Redrow half yearly results show positive performance
23 February 2012
House builder Redrow enjoyed a strong first six months of its financial year, with increases in revenue and pre-tax profit, the company said today.
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Pidgley hires bigwigs to government panel
23 February 2012
Two house-building heavyweights, including a former Barratt Developments chief, have been recruited by Berkeley chairman Tony Pidgley to investigate how public sector land can be better used to tackle the UK housing crisis.
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Derwent London secures Westminster planning consent
22 February 2012
Derwent London has secured planning consent to redevelop a disused cinema in London’s Westbourne Grove into a residential scheme.
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Lend Lease unveils Elephant & Castle plans
22 February 2012
Lend Lease today opened a four-day public exhibition of its plans to regenerate the Heygate Estate in London’s Elephant & Castle.
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Henderson plans Birmingham apartment tower
21 February 2012
Henderson Global Investors is planning to redevelop its 140,000 sq ft No 1 Hagley Road office tower in Birmingham into an apartment block, TheBusinessDesk.com reported today.
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BGC buys struggling Grubb & Ellis
21 February 2012
BGC Partners, the acquisitive financial services firm which acquired Newmark Knight Frank last October, has expanded its property services platform by buying struggling US firm Grubb & Ellis.
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Amazon Properties buys £47m Park Crescent London terrace
20 February 2012
The Great Capital Partnership, the joint venture between Capital & Counties Properties and Great Portland Estates has sold its long leasehold interest at Park Crescent East in London to Amazon Properties for £47m.
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Luxury homes continue to spread in the West End
20 February 2012
Approximately 2m square feet of offices in London’s West End have been granted planning consent to be converted to homes as developers continue to take advantage of the area’s soaring residential market.
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Ballymore's Nine Elms scheme approved
17 February 2012
Ballymore is to develop a 15 acre residential and business scheme within the Nine Elms regeneration zone, following council approval.
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Capco gets green light in Earls Court
17 February 2012
Capco has been granted planning consent for 808 new homes in Earls Court by Hammersmith & Fulham council.
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Buyers make waves in Crest’s Bath Riverside
17 February 2012
Ten flats sell in Georgian-style townhouse scheme. Christine Eade reports
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Office-to-resi conversions land in Birmingham
17 February 2012
The trend for conversion of obsolete office space to flats has spread to Birmingham.
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Regal Homes has high-end hopes to conquer Asian market
17 February 2012
Developer offers “ready-to-occupy” homes with Kelly Hoppen interiors. Sarah Stewart reports
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Standard Life’s Auld Reekie students
17 February 2012
Standard Life’s Auld Reekie students
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Wellcome Trust joins Berkeley in east London scheme fray
17 February 2012
Wellcome Trust has joined the battle between Delancey, Berkeley, and Chelsfield to develop a 50 acre site in London’s East End, Property Week can reveal.
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Neptune plans £45m Liverpool scheme
16 February 2012
Neptune Developments is submitting an application to build a £45m apartment-led, mixed use scheme at a stalled site at Liverpool’s Baltic Triangle, TheBusinessDesk.com has reported.
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Terrace Hill sells resi to reduce debt
14 February 2012
Listed developer Terrace Hill has sold part of its residential business for £75m in order to pay down debt.
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Yoo Capital branches in to Leeds
13 February 2012
London-based developer Yoo Capital is to begin investing in the Yorkshire residential market, after signing a joint venture deal with Leeds-based Trilandium Homes.
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Holdways/Knight Frank: China Residential Market Watch
10 February 2012
The total transacted area of primary residential properties in 20 major Mainland cities continued to fall in the fourth quarter of 2011. Prices of new homes, adjusted by differences in property type, location, fittings and whether they were presale or completed units, fell 2.3% quarter on quarter.
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Colliers International: Central London Residential - Winter 2011/2012
10 February 2012
The Central London residential market remains resilient. House prices in London have increased to pre-financial crisis levels, there has also been rapid growth in rental values across the capital.
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Concept puts fizz back into renting
10 February 2012
Thames Valley Housing Association starts private-rent leap in Epsom. Mira Bar-Hillel reports
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James Caan in new resi venture
10 February 2012
Garrington, the property search consultancy founded by Location, Location, Location’s Phil Spencer, has teamed up with James Caan’s Hamilton Bradshaw Real Estate for a residential joint venture aimed at wealthy individuals.
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Quill may go back to drawing board
10 February 2012
The Quill was intended as a landmark student accommodation building for the south London borough of Southwark, designed to celebrate the area’s literary heritage.
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Slight but steady increase in private rented residential supply
9 February 2012
The number of properties being bought with buy-to-let mortgages increased by around 84,000 in 2011 according to the Council of Mortgage Lenders.
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DevSecs gets go-ahead for £150m Shepherd's Bush scheme
9 February 2012
Development Securities has been given the green light for a £150m redevelopment around Shepherd’s Bush market.
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Grainger reports sales 5.8% ahead of book value
8 February 2012
Residential property owner Grainger has reported robust sales, with the disposal of vacant assets in the four months to the end of January 5.8% ahead of its September valuations.
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Pears and DevSecs win NAMA portfolio
7 February 2012
Pears Group and Development Securities have teamed up in an innovative partnership to buy a £100m plus portfolio from the Irish National Asset Management Agency.
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Plans submitted for £100m Chester student village
7 February 2012
Chester-based developer Bell Developments has submitted plans for a £100m student village, TheBusinessDesk.com reported today.
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Regional comfort as St Modwen enjoys 9% NAV boost
7 February 2012
St Modwen enjoyed a 9% boost to its NAV per share over 2011, the regeneration developer revealed today, in what will be a comforting sign to the regional development markets.
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One Hyde Park: £60m apartment sold and luxury retail on the market
6 February 2012
One Hyde Park’s last five bedroom apartment has been sold, bringing the total volume of sales in the London luxury residential scheme to more than £1.5bn.
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Colliers International: Residential Datashot - January 2012
6 February 2012
2011 saw weak, yet resilient, house prices. Halifax recorded a 1.3% decrease in house prices over the last 12 months, while Nationwide recorded a 1% increase overall for the 12 months to December.
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Two-thirds of best London homes sold to foreign buyers
3 February 2012
International buyers accounted for almost two-thirds of the prime London new build residential market in 2011, new research shows.
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‘Priciest home’ Updown plummets
03 February 2012
The sale of a mansion put into receivership by Ireland’s NAMA (National Asset Management Agency) was completed this week. The buyer paid £27m less than the level of the building’s debt.
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Bruce’s resi bonus: £320m private rented venture secures backing
03 February 2012
Apollo and Canada’s Ivanhoé Cambridge to back Ritchie’s £320m private-rented venture in London
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Design squad in place for International Quarter
03 February 2012
Lend Lease and London & Continental Railways have drawn up a design panel of top architects for their £1.3bn International Quarter development next to the Olympic Park in Stratford City, east London.
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Rocket to remake Old Street block
03 February 2012
An unloved block off Old Street roundabout is to be redeveloped into a 150,000 sq ft mixed-use scheme.
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Kier selected for Derby residential scheme
2 February 2012
The Homes and Communities Agency and Derby City Council have agreed a deal to create around 700 new homes in the city.
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Recession-hit London scheme goes back before committee
2 February 2012
One of London’s most high-profile schemes to be mothballed during the credit crunch will go before a planning committee tonight.
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Green Properties plans London’s fifth tallest towers
31 January 2012
Stephen Vernon’s Green Properties and CIT are planning a pair of residential towers in Nine Elms that could be up to 200m in height, making them London’s fifth tallest towers.
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Chainbow sells core business in "leap of faith" to private rented sector
27 January 2012
Residential property management expert Roger Southam has sold a major chunk of his Chainbow business in order to focus on the emerging professional private rented sector.
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Hadley regeneration plans approved
27 January 2012
Plans submitted by Telford & Wrekin Council for a £2.3m regeneration of Hadley have been approved, TheBusinessDesk.com reported today.
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Bloxham plans to "re-invent the house"
27 January 2012
Urban Splash is working on a project which co-founder Tom Bloxham has said will “reinvent the idea of a modern house”, TheBusinessDesk.com reported today.
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Scottish property prices continue to fall
27 January 2012
Scottish property prices fell 3.2% last year, with prices in Edinburgh falling 2.8%.
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Middle Eastern investor buys £36m NAMA mansion
27 January 2012
The sale of a mansion put into receivership by Ireland’s National Asset Management Agency completed this week, with the buyer paying £27m less than the level of the building’s debt.
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‘London is the place for us,’ says Grosvenor’s Vernon
27 January 2012
Grosvenor Crescent marks landed estate’s return to its roots, its chief executive tells Nick Johnstone
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£100m resi fund launch for London
27 January 2012
Aeriance Investments, a debt fund specialist, has launched a £100m fund to provide bridging loans for London residential property transactions.
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'Custom build' offers self-help for builders
27 January 2012
For many, 2012 is going to be the year of the London Olympics and the Queen’s Diamond Jubilee. But it could also go down in history as the year a new housing revolution started in the UK.
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Housebuilders pin hopes on return of 'feel-good factor'
27 January 2012
Twas the weekend before Christmas and in the Bluewater car parks, not a lot stirred. A mild understatement, perhaps, but everything is relative.
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Passport to Pimlico resi for Network Rail
27 January 2012
Railway owner to develop high-end residential next to Chelsea Barracks
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Tchenguiz attaches £3.5bn price tag to resi portfolio sale
27 January 2012
Sale of European Investments Overseas’ 250,000 ground rents would be UK’s largest property sale
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Knight Frank: Student Property 2012
26 January 2012
Student property has performed exceptionally well as an asset class compared to traditional investments over the last year. In fact, it has outperformed every other commercial property class and delivered consistent returns throughout the economic downturn, argues Knight Frank’s Head of Student Property James Pullan.
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Douglas & Gordon: The London Barometer
26 January 2012
Despite the economic and political turmoil December was a surprisingly busy month for sales at D&G and remarkably one of the best of the year.
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Northacre consent for luxury Kensington apartments
26 January 2012
Northacre has received planning consent for a luxury apartment scheme in Kensington overlooking Kensington Palace.
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Government to appeal to Supreme Court over solar tariff cuts
25 January 2012
Energy Secretary Chris Huhne is to take the row over feed-in tariffs to the Supreme Court after the High Court upheld a ruling that the government acted unlawfully in slashing solar subsidies.
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Barwood and Development Securities set up land fund
24 January 2012
Barwood and Development Securities have joined forces with a client of Aberdeen Asset Management to set up a £15m strategic land fund.
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Mortgages hit £140bn in 2011, despite European turmoil
23 January 2012
Banks loaned a total £140bn in mortgages to the residential sector last year, an increase of 3% off the back of a stronger-than-expected final quarter, the Council of Mortgage Lenders (CML) said today.
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Unite buys Lehman stake of student village partnership
20 January 2012
Unite has bought Lehman Brothers subsidiary Parkmetro Ltd out of joint venture Unite Student Village (USV).
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‘Brompton Diamond’ up for sale
20 January 2012
An undeveloped residential and retail scheme with a potential end value of £115m, dubbed the “Brompton Diamond”, is to be put up for sale in London’s Knightsbridge.
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Alchemi turns commercial to housing gold
20 January 2012
Alchemi Group, a central London residential developer, is on track to achieve a 45% return from the two-year conversion of a commercial building in Victoria.
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American investment manager backs Signature care homes
20 January 2012
Ageing UK population fuels lucrative market for overseas investors. Hardeep Sandher reports
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Moorfield studies in Exeter
20 January 2012
Moorfield has bought the former Printworks site on Western Way in Exeter, to develop as a 487-bed student accommodation scheme.
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£350m tower gets the go-ahead in Croydon
19 January 2012
A scheme to construct a 55 storey high rise tower in the centre of Croydon has been granted planning consent.
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Canary Wharf takes control of Wood Wharf
18 January 2012
Canary Wharf Group today said that it had bought out its partners in the 16.8 acre Wood Wharf mixed-use scheme in Docklands.
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Corestate Group buys €230m German portfolio
17 January 2012
Corestate Group, the Switzerland-based private equity investor, has bought a €230m German portfolio residential and office portfolio.
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Taylor Wimpey to hit targets early
17 January 2012
Taylor Wimpey has announced it is likely to reach its target of double-digit operating profit ahead of schedule after a modest rise in home completions in 2011.
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Chainbow/Berkeley Way: Residential Yardstick 2011
16 January 2012
The following survey was designed by lettings agency Berkeley Way and property management company, Chainbow, to gauge owners, investors and renters’ opinions and attitudes about what lies ahead for the residential industry in 2012.
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Welcome boost for mortgage market at end of 2011
16 January 2012
The residential lending market experienced a welcome increase in activity in November last year, data from the Council of Mortgage Lenders has shown.
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Welbeck’s Whitehall Met buy snubs MPs
13 January 2012
Parliament fails to prevent police force selling property in government heartland
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A matter of principal
13 January 2012
Gerald Ronson is vying for the chance to develop the 50-storey residential tower that forms part of Hammerson’s Principal Place scheme in London’s Shoreditch.
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Bahraini backs student digs
13 January 2012
Tadhamon Capital makes UK student housing debut with 50% stake in Suffolk scheme
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Developers fear complex plan will kill West End schemes
13 January 2012
Council gives preference to residential developers. Nick Johnstone reports
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Resi agency floats
13 January 2012
A residential lettings agency is to become the first business to list on AIM in 2012.
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Knight Frank Residential Research: Prime Global Forecast - Q4 2011
12 January 2012
Before 2007 the global housing market was a much simpler subject to analyse. Prices and demand rose year-on-year pretty much everywhere and at almost every level of the market.
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Administrators prepare to market Beetham Liverpool Tower
12 January 2012
Administrators to the company which owned Liverpool’s West Tower have said they are finally ready to begin marketing the building after hammering out a deal with the City Council over land infringements, TheBusinessDesk.com reported today.
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Barratt cheers resi market with revenue and profit surge
12 January 2012
Barratt Developments gave the residential markets reason for cheer this morning as it reported bigger revenues and profits in the second half of the year.
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Turnstone gets green light in St Neots
10 January 2012
Turnstone Estates has been granted planning permission by Huntingdonshire District Council for a 32,000 sq ft leisure scheme in St Neots town centre, Cambridgeshire.
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Grosvenor's Preston joins Persimmon as non-exec
9 January 2012
Mark Preston, group chief executive of Grosvenor, has joined house-builder Persimmon as a non-executive director.
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LaSalle buys Newcastle student accommodation
9 January 2012
LaSalle Investment Management has bought two student accommodation blocks in Newcastle for £23.1m.
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Watkin Jones' Gorse Stacks gets green light
6 January 2012
Chester Council’s Strategic Planning Committee has unanimously approved planning permission for Watkin Jones’ £30m Gorse Stacks scheme in Chester.
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Capital values have rallied in spite of household income squeeze
06 January 2012
UK residential capital values have held up well over 2011, despite a weakening economic outlook — both at home and abroad — and an unprecedented squeeze on household income.
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London house prices grow, as regions dip further
30 December 2011
London is the only part of England and Wales to have experienced an uplift in property values over the past 12 months, data released today by the Land Registry reveals today.
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Shapps announces another private rented review
23 December 2011
Housing Minister Grant Shapps has announced the latest in a string of reviews designed to kickstart institutional investment in the Private Rented Sector.
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New home approvals down 10%
21 December 2011
The number of new homes given permission in Q3 fell by 10% on the same time last year, according to a report.
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Solum Regeneration gets planning for Twickenham scheme
20 December 2011
Solum Regeneration, a joint venture between Network Rail and Kier Property, has received approval for its proposed residential led scheme in Twickenham.
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Blackstone leads Miller Group refinancing
19 December 2011
A division of US private equity giant Blackstone has lead the refinancing and financial restructuring of Miller Group, the UK’s largest private housebuilder.
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Mount Anvil gets Close Brothers support
19 December 2011
London residential developer Mount Anvil has received an £8.7m development loan from Close Brothers Property Finance.
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Shortlist for first Olympic homes announced
19 December 2011
The shortlisted parties are:East Thames with Countryside PropertiesBarratt Homes and Le Frak OrganisationSt James Group Limited (Berkeley)Swan Housing Association alongside Urban Splash, Yoo & MaceNotting Hill Housing and United Housing and HTATaylor Wimpey and London & Quadrant
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Kwoks to take 50% stake in Earls Court first phase
19 December 2011
Capital & Counties Properties is to create a £130m joint venture with a wealthy Far Eastern family to develop the first phase of homes at Seagrave Road in west London’s Earls Court.
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Halls will hold up despite fees controversy …
16 December 2011
Student accommodation market should remain strong. Doug Morrison reports from our annual conference on the sector
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Lending to fall and repossessions to rise in 2012
15 December 2011
Mortgage lending rose by 5% in November, the Council of Mortgage Lenders (CML) said today, but predictions for next year suggest that lending will fall and repossessions will rise.
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Unite green light for Stratford student scheme
15 December 2011
Student accommodation company Unite Group has been granted planning consent for a 28-storey tower next to Westfield Stratford City.
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Turn NAMA into a REIT, says agency’s chief
12 December 2011
Ireland’s National Asset Management Agency could become a real estate investment trust (REIT) if the government allows US-style mortgage REITs to be set up.
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Castlevale Group gets green light for Yorkshire residential scheme
9 December 2011
Castlevale Group has been granted planning permission to develop 900 homes in North Yorkshire, TheBusinessDesk.com reported today.
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Home Builders Federation: Broken Ladder 2 - November 2011
9 December 2011
While owner occupancy is still the most popular form of tenure - with over 80% of the population aspiring to own their own home - the number of people actually getting a foot on the property ladder has fallen considerably since around 2003.
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Housebuilder’s green retro idea is surprisingly forward-thinking
9 December 2011
The coalition appears to have acknowledged the link between encouraging residential development and economic growth, as seen by the belated launch of its housing strategy last month.
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Office-to-resi conversion gains new cheerleaders
9 December 2011
Report finds regional cities will benefit, as well as housing-starved south-east. Doug Morrison reports
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Helical makes history at Barts: Plans revealed for huge mixed-use scheme
8 December 2011
City’s largest regeneration project for 20 years will combine new and old in huge mixed-use scheme
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Athletes’ Village to become “East Village”
6 December 2011
Delancey and Qatari Diar have today unveiled plans to rebrand the Athletes’ Village after the 2012 Olympics as the East Village.
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Twenty-two Olympic runners
6 December 2011
The Olympic Park Legacy Company has had 10 bids from prospective tenants of the Olympic media centre, and a further dozen from developers interested in bringing forward the park’s first phase of residential development.
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Property Week's RESI Awards 2012: Enter now!
2 December 2011
Property Week is calling for entries for the RESI Awards 2012 - a celebration of excellence in the residential sector.
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Brooks’ West End buy at 2.75%
2 December 2011
Aidan Brooks has agreed to buy a block on New Bond Street in London’s Mayfair at a yield of about 2.75%.
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Buy in bulk and discover a whole new world
2 December 2011
A portfolio of sitting tenants could be more valuable than vacant properties. By Martin Angel
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Downing unveils plan for London student rooms
2 December 2011
Liverpool-based property group Downing has submitted a planning application for a 32-storey student accommodation scheme in Vauxhall, south London.
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REIT reforms raise residential potential
2 December 2011
New housing strategy should help bang drum for residential investment. Doug Morrison reports
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Rise in renters reflected by US resi REITs
2 December 2011
Following the slow recovery from the last recession, demand has increased dramatically as many households in the US no longer economically qualify for home ownership.
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Sainsbury’s puts developers on Fulham Wharf shopping list
2 December 2011
Berkeley, Barratt and Mount Anvil vie for £300m residential-led scheme. Nick Johnstone reports
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MCC Lord’s decision “a sad day for cricket” says Hussey
1 December 2011
Mike Hussey today branded Marylebone Cricket Club’s (MCC) decision to end negotiations over a £400m residential development next to Lord’s cricket ground as “a sad day for cricket.”
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Green light for controversial £110m Hammersmith scheme
1 December 2011
Helical Bar and Grainger were last night given planning consent for the £110m King Street regeneration project in Hammersmith.
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Almacantar's £400m Lord's cricket plans dismissed
1 December 2011
Almacantar’s plans for a £400m redevelopment at Lord’s Cricket Ground have been rejected by Marylebone Cricket Club.
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Telford Homes predicts bumper Olympics year
1 December 2011
East London residential developer Telford Homes saw profits decline in the six months to the end of September, but said it is expecting bumper results off the back of the Olympics next year.
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Berkeley Group buys two London sites
1 December 2011
Berkeley Group has bought two London sites for residential redevelopment.
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Survey: What's in store for UK residential in 2012?
30 November 2011
The possiblities and pitfalls for the UK residential market are numerous - and that is why Property Week is asking you to give your views on how this crucial part of the industry will fare in 2012.
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Knight Frank: One Hyde Park - analysing its performance, influence and potential legacy
28 November 2011
For three years the four-storey bank of sitecabins facing into Hyde Park, and the army of construction workers building the 86 apartments (up to 2,500 workers on site during peak construction periods and over 5,000 workers involved in the project in total) were testament to the ambition behind the development.
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Glenkerrin's Isle of Dogs sites bought out of administration
25 November 2011
Two Isle of Dogs sites owned by Irish company bought out of administration by Lebanese-backed Chalegrove
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Labour’s Dromey takes housebuilding’s moral high ground
25 November 2011
New shadow housing minister involves church and charities to enhance housing strategy. Doug Morrison reports
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McLaren’s Oxbridge ambition
25 November 2011
McLaren Property has bought a site from Merton College in Oxford for around £50m, where it plans a 350-bed student housing scheme.
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NAMA appoints administrators in Newham
25 November 2011
NAMA (Ireland’s National Asset Management Agency) has appointed administrators to the company building a 300-unit residential block in Newham, east London.
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Shoreditch and Farringdon on par with Mayfair
25 November 2011
The prime London property market is heading east as a new wave of luxury development in both the City and the City fringe starts to attract demand, says Knight Frank.
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Rolls Royce agrees deal for Yorkshire facility
24 November 2011
Harworth Estates has agreed deals with Rolls Royce and three housebuilders which will facilitate major development at its Waverley site in south Yorkshire.
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Grainger boosts NAV by 8.2%
24 November 2011
Net asset value at the UK’s largest residential landlord, Grainger, rose 8.2% in the last financial year off the back of strong movement in the investment value of its residential portfolio.
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Residential returns too low, warns Ball
23 November 2011
A leading academic has warned that residential landlords’ returns are too low to encourage greater investment in the private rented sector, despite rising rents this year.
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Albany and Galliard in London joint venture
23 November 2011
Albany Homes International has joined forces with Galliard Homes after securing planning consent to redevelop the former Smiths Industries Group building on Finchley Road, north west London, into housing.
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Pidgley to chair public land advisory panel
22 November 2011
Berkeley Group chairman Tony Pidgley has been appointed to head up a panel of experts that will look to help the government release public sector land for the development of new homes.
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Government announces £400m for stalled residential schemes
21 November 2011
David Cameron and Nick Clegg will today launch a £400m fund to kickstart development schemes which have stalled due to lack of development funding.
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Assettrust and Lloyds in £1.5bn homes push
18 November 2011
Duo hopes scheme will transform affordable housing sector. Doug Morrison reports
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Crest left in limbo by Quintain Bio …
18 November 2011
One Gallions, a London Development Agency residential scheme in London’s Docklands, is in jeopardy after the closure of the £350m BioRegional Quintain joint venture last week.
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Finding jobs and homes for the young should be property’s priority
18 November 2011
Striking a balance between the autonomy of local people, government and national strategy is difficult, and no system is perfect.
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I’m cheesed off waiting for change of use from office to resi
18 November 2011
Camembert has gone underground. European Union regulations forbid the use of unpasteurised milk, so you can’t make it legally, I’m told
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Kearton-Gee makes West End comeback
18 November 2011
Kerry Kearton-Gee, one of central London’s most successful residential developers in the 1990s, is making up for lost time with his latest vehicle, Leighton & Henley.
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Wainbridge backs NY resi
18 November 2011
Property investment company Wainbridge has completed a debt funding deal to restart development of a luxury New York residential scheme
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Berkeley tops sustainability rankings
17 November 2011
Berkeley Group was named today as the UK’s most sustainable residential developer for the fifth year running, as measured by the NextGeneration benchmark, which ranks the top 25 housebuilders.
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Eurozone crisis to stall house prices rise until 2013
17 November 2011
The Eurozone crisis will continue to hit consumer confidence next year, which means that house prices are unlikely to rise until 2013, Jones Lang LaSalle forecast today.
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Countryside Properties and L&Q preferred for Dollis Valley housing regeneration
16 November 2011
Countryside Properties and housing association London & Quadrant have been selected by Barnet Borough Council in north London as its preferred partners for the proposed regeneration of the Dollis Valley housing estate in Chipping Barnet.
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Landmark Dublin resi block for sale
16 November 2011
Dublin’s landmark luxury residential building, The Alliance, has been put up for sale with a guide price of €43m.
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Unite cautious despite strong results
16 November 2011
Student accommodation developer Unite this morning said its profits for the year were likely to exceed expectations, but added that it would take a “very cautious approach” to new development until the economic outlook “becomes clearer”.
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Knight Frank: UK Housing Market Forecast - Q4 2011
15 November 2011
While the housing market is influenced by a huge number of issues, our research points to five key indicators which in large part dictate the health of the market:the balance of new supply and demand,mortgage market accessibility,the costof debt,household income growth,the performance of the UK economy.
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British Waterways submits new plans for Birmingham canal village
15 November 2011
Revised plans for a new urban village near Birmingham city centre have been submitted to the city council, TheBusinessDesk.com reported today.
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Super-rich to pay £10,000/sq ft for London homes, Knight Frank says
15 November 2011
London’s super prime residential developments are expected to achieve values of £10,000/sq ft by 2016, research from Knight Frank has shown.
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The Young Group: Private Rented Sector Sentiment Report - Q3 2011
14 November 2011
Recent press reports have focused heavily on the increase in activity in the buy-to-let mortgage market, hailing a resurgence of growth in the Private Rented Sector.
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Quintain scraps £350m BioRegional venture
11 November 2011
Residential schemes including the London Development Agency’s One Gallions in Docklands are to be abandoned, after it was reported today by Property Week’s sister title Building that BioRegional Quintain was being wound up.
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Savills warns on house price drop
11 November 2011
UK house prices will fall 2% in 2012 as a result of government cuts while a worsening economic climate is likely to suppress growth for the next five years, Savills has warned.
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AssocRICS qualification adds weight to residential
11 November 2011
Initiative will help to regulate sector and give clients peace of mind. Doug Morrison reports
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Case study: Westbury's Mooney
11 November 2011
Alison Mooney became one of the first AssocRICS members in residential property management this summer, after working in the sector for 13 years.
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Buy-to-let lending reaches highest level since 2008 end
10 November 2011
Buy-to-let lending increased by 16% in the third quarter in a sign of continued growth in residential renting, the Council of Mortgage Lenders said today.
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Malaysians in £250m St John's Wood debut
4 November 2011
A Malaysian conglomerate is to make a stunning debut in the London residential market with the purchase of St John’s Wood Barracks for £250m, PropetyWeek.com can reveal.
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Terrace Hill to make £185m resi exit
4 November 2011
Company’s focus is now supermarket development
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Blackstone’s Nido to go
4 November 2011
US private equity firm sells student accommodation business for £400m
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Investment funds take role of banks
4 November 2011
Institutional investors have allocated as much as £10.4bn to residential investment and development in the UK, mainly central London.
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Revamped Lend Lease masterplan to create south London green Elephant
4 November 2011
Addition of park to 2,500 homes attracts investors. Doug Morrison reports
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Swedish group to shine £1bn northern light on UK housing
4 November 2011
Akelius plans to buy 10,000 homes. Doug Morrison reports
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University leaps barrier to Frogmoor student halls
4 November 2011
Bucks New University is to receive approval to convert the office space above Chilterns Shopping Centre in Frogmoor, High Wycombe, into student accommodation next week.
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Liverpool debates £130m housing plan
3 November 2011
Liverpool City Council will debate a £130m housing plan tomorrow which could see council owned land offered for development at zero cost.
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St Modwen submits plans for major East Staffs scheme
2 November 2011
St Modwen has submitted a planning application for 660 homes and around 780,000 sq t of employment space to the south of Branston Village in Burton-on-Trent.
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Moribund mortgage market bolsters rentals
28 October 2011
In the third of his quarterly columns, Hometrack’s Richard Donnell explains how affordability and greater supply could limit further growth in rents
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Nido Student Living to open in Kensal Road
28 October 2011
Third degree: Nido Student Living is to open its third independent student hall in west London next week.
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Staff fate key to €1bn sale
28 October 2011
The fate of staff at the company set up to manage Santander’s €9bn property portfolio is key to one of Europe’s largest ongoing property sales.
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Too much “Pesto” leaves housebuilders
28 October 2011
Housebuilders may have invented a new instrument to gauge the health of the housing market: the “Pesto-meter”. Greg Fitzgerald, chief executive of Galliford Try, recently told analysts and investors that while the BBC’s lugubrious business editor Robert Peston’s appearances remain limited to once a week, his board feels OK. “Four times a week and we’re all doomed”.
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Mortgage group Paragon buys RBS loan portfolio
27 October 2011
Mortgage group Paragon has expanded its business with the acquisition of a £43m portfolio of unsecured consumer loans from The Royal Bank of Scotland, TheBusinessDesk.com reported today.
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Apartments planned for Everton tower blocks
27 October 2011
Wirral-based developer Middle England Developments has started work on the transformation of a a pair of tower blocks in Everton, TheBusinessDesk.com reported today.
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Leeds landmark to be converted into apartments
27 October 2011
A Leeds city centre landmark is to be transformed into more than 80 apartments and offer a retail unit and gym after being acquired by a Yorkshire developer, TheBusinessDesk.com reported today.
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Resi conversion for Property Week HQ
27 October 2011
Carlyle Group is planning to convert two office propertes into a major residential scheme on London’s Southbank, Property Week’s sister magazine Building reported today.
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Lloyds consortium picked for £180m Leeds social housing scheme
27 October 2011
A consortium comprising Lloyds Bank, regeneration company Keepmoat and property consultancy Cyril Sweett has been picked as preferred bidder on a £180m social housing project in Leeds.
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Goodman and British Land sell 26 acres to Barratt
26 October 2011
Goodman and British Land have agreed to sell 26 acres of residential land in Coventry to Barratt Homes for £16.5m.
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Gentoo lets first-time buyer Genie out of bottle
21 October 2011
Financial product to help people buy a home to be launched in north-east. Doug Morrison reports
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Government: ignore buy-to-let brigade at your peril
21 October 2011
More than four out of 10 landlords quizzed said tenant demand increased during the third quarter and a third pointed to rising income.
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Conygar submits plans for £100m west Wales marina scheme
19 October 2011
The Conygar Investment Company has submitted a planning application for a £100m marina development in Fishguard on the west coast of Wales.
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Bath loses Ministry of Defence jobs but gains land for homes
14 October 2011
Remaining military staff to relocate to Bristol to free up 88 acres of residential development space. Christine Eade reports
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Capital & Counties faces Earls Court controversy
14 October 2011
Capital & Counties has spent £20m on its £8bn Earls Court application, only to be faced with significant local opposition. Mira Bar-Hillel reports
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Mayfair block sale cancelled
14 October 2011
The sale of a Mayfair office block earmarked for conversion into a £300m luxury residential scheme has been cancelled.
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Phone magnate's Mayfair call
14 October 2011
Phones 4u founder Caudwell behind purchase of £150m Audley Square House scheme from Derek Quinlan
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Phones4U founder Caudwell to finance £150m Mayfair resi site purchase
13 October 2011
Mobile phone billionaire John Caudwell is funding a deal driven by NAMA (Ireland’s National Asset Management Agency) to buy a prime £150m Mayfair residential development site.
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Rockspring buys £34m London student accommodation block
13 October 2011
Rockspring Property Investment Managers has bought a 232-room student accommodation block in London’s Elephant & Castle for £34m.
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Grainger and Bouygues set up private rented sector housing fund
11 October 2011
Grainger has teamed up with Bouygues Development to create a build-to-let residential fund for institutional investors to invest in the private rented sector.
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Brockton Capital looks to JV on £400m Mayfair apartments scheme
7 October 2011
Brockton Capital is looking for a joint venture partner to facilitate a £400m residential scheme in the heart of Mayfair.
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Caan backs sharia-compliant 90 North
7 October 2011
New sharia investment vehicle secures financing as it chases Gulf investors
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Developer to float in Surbiton
7 October 2011
New technology allows development on flood-risk land
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For and against: Lib Dem’s £2m mansion tax
7 October 2011
A Liberal Democrat proposal to introduce a “mansion tax” on homes worth more than £2m has once again polarised opinion in politics and property
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London Central goes to town with shariah
7 October 2011
New fund aims to attract clients from overseas and UK
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Regent Quarter’s lucrative final phase
7 October 2011
One of central London’s longest-running mixed-used regeneration projects, Regent Quarter in King’s Cross, is drawing to a close. It has already altered perceptions of a once unfashionable area
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Boultbee and Aurum make £50m London residential purchase
4 October 2011
Boultbee and Aurum Real Estate have teamed up with Epsilon Real Estate Partners to purchase a block of 47 flats in London’s Victoria for £50m
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Number of residential buyers falls for second month
3 October 2011
Economic uncertainty continued to hit confidence in the house market during September with both the number of prospective buyers and prices in decline, says Hometrack, the property analytics firm.
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Government urged to end housing market stagnation
30 September 2011
CBI Director-General, John Cridland today urged the government to step up its support for first-time buyers to “stop the stagnation and get the housing market flowing again”
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Candy loses taste for Westminster asset after exiting projects
30 September 2011
Christian Candy’s CPC Group has put a potential residential development in London’s Westminster up for sale for around £16m through Savills
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Taylor Wimpey’s Bucks trend
30 September 2011
Residential developer Taylor Wimpey has bought the 60 acre former RAF Daws Hill site near High Wycombe from the Defence Infrastructure Organisation. It plans to develop around 550 homes. GVA was the selling agent.
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Wooded bliss: Nick Jacobs' ultra-sustainable home
30 September 2011
In 2009, Nick Jacobs, managing director of Rowan Asset Management, decided to build an ultra-sustainable home in West Sussex, England
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Unite's Tonkiss to leave in management restructure
29 September 2011
Student accommodation company Unite Group’s chief operating officer John Tonkiss is to leave the business following a restructuring of the business’s management.
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FreshStart Living plans AIM flotation
29 September 2011
North West student and affordable housing specialist FreshStart Living plans to buck current trends and float on the AIM market, TheBusinessDesk.com reported today.
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Newbury residential plans race forward with planning consent
29 September 2011
West Berkshire Council has granted planning consent for the first phase of residential development at Newbury Racecourse.
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Shropshire residential scheme boosted by government grant
28 September 2011
A property development project to build more than 300 new homes in Shropshire has been boosted with the award of a £6.5m government grant, TheBusinessDesk.com reported today.
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London & Stamford completes £24.5m residential buy
26 September 2011
London & Stamford has completed its purchase of a £24.4m residential block in Oval, south London.
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Only top earners can afford to get on rural housing ladder, research says
26 September 2011
The debate over the coalition’s proposed planning reforms was given a fresh twist today with research from Hometrack revealing that only people paying the higher (40%) rate of tax can afford to buy housing in rural areas.
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Development to rise in 2012
23 September 2011
Residential development and investment activity is forecast to rise over the coming year despite the lack of finance taking a heavy toll on confidence
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Dragons fired up by website
23 September 2011
A TripAdvisor-inspired website for the private-rented sector won the support of four hard-nosed entrepreneurs at the inaugural RESI Dragons’ Den
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NAMA chief calls for rental sector
23 September 2011
John Mulcahy adds support for institutional investment
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Pickles prioritises housing crisis
23 September 2011
Riots and need for sustainable development inform new strategy
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Planning laws ignore ticking ‘demographic timebomb’
23 September 2011
Demand for private retirement homes is growing, but planning laws are still holding developers back
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Retirement home ‘rip-off’ remains unregulated
23 September 2011
Residents of retirement housing may be wealthy, but they are also among the more vulnerable members of society, which is why specialist developers and managing agents are under pressure to clean up their act. Yet the sector remains blighted by uncertainty
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Retirement villages are not for the fainthearted
23 September 2011
With the malaise in the UK housing market, housebuilders are seeking alternative routes to profit that draw on their core skills and expertise
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Villager pioneers housebuilder alliances
23 September 2011
Keith Cockell re-enters market as Helical Bar beats retreat
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Knight Frank: Residential Research - London Hotspots
22 September 2011
London property prices have outperformed the wider mainstream market in recent years, buoyed by continued demand from British and overseasbuyers, despite the economic turmoil since the financial crisis.
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Two council-owned development sites for sale in Kensington & Chelsea
21 September 2011
The Royal Borough of Kensington and Chelsea has appointed Jones Lang LaSalle to market two strategic land holdings for redevelopment.
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Caring close to £330m Grosvenor Square resi financing deal
19 September 2011
A consortium of investors led by Richard Caring is in the final stages of completing a £330m debt deal to refinance and fund the construction of a luxury London residential block.
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Overseas investor pays £42m for Knightsbridge mansion
16 September 2011
An overseas investor has paid £42m for a mansion in Knightsbridge in one of prime London’s largest residential deals this year
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Topland provides £2m of funding for Maidstone residential schemes
16 September 2011
Topland has completed its first two debt-financing deals with residential development finance company Wolsey Securities as part of its aim to invest £150m in the UK residential housing market.
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$21.4bn wiped off Palm Jebel Ali developer’s assets
16 September 2011
Dubai’s government-owned developer Nakheel has written down its portfolio by $21.4bn since property prices plummeted in 2008
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Green markets towers
16 September 2011
Plans for two high-rise residential towers in London’s Nine Elms, proposed by Green Property and CIT Group, were unveiled yesterday
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Pickles: ‘we must get Britain building’
16 September 2011
Communities secretary tells Property Week’s RESI 2011 that planning reform is “imperative”
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Turning on the pipeline: Londonewcastle’s london portfolio
16 September 2011
Huntingdon Estate, Shoreditch
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UK & European puts faith in Londonewcastle
16 September 2011
Developer seeks to move into prime territory following purchase by private investment business
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RESI 2011: Nick Candy forecasts prime London property bubble
15 September 2011
Nick Candy believes prices for prime central London property are likely to flatten out because the capital is experiencing a residential property bubble.
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RESI 2011: Housing associations will be forced into widescale consolidation
15 September 2011
Housing associations will be forced into widescale consolidation as a result of the government’s swingeing cuts in the funding of affordable housing
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RESI 2011: Leading industry players support the government’s controversial planning reforms
15 September 2011
Leading industry players voiced their broad support for the government’s controversial planning reforms but Eric Pickles did not emerge without criticism today at RESI
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RESI 2011 Blog: 'Capital preservation should be the main focus of any investment decision’
15 September 2011
This would have been music to the ears of the 1050 delegates at today’s RESI 2011 after a sombre presentation from HSBC Global head of asset allocation Fredrik Nerbrand
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RESI 2011: Pickles backs Property Week's planning campaign
15 September 2011
Communities secretary Eric Pickles today welcomed Property Week’s Campaign for Sustainable Development in a keynote speech to delegates at the RESI conference in south Wales
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RESI 2011: Pickles: We want Britain building again
15 September 2011
Communities secretary Eric Pickles said this morning that the government’s localism agenda was “here to stay” in a wide-ranging speech to delegates at the RESI 2011 conference in south Wales.
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Residential development fund launched
15 September 2011
A property fund focusing on land for residential developments has been launched as a joint venture involving a Yorkshire developer
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RESI 2011: BPF chief criticises government's austerity measures
15 September 2011
British Property Federation president Toby Courtauld said today that the government’s spending cuts were too drastic.
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Westfield shows development is force for good
15 September 2011
2,000 local unemployed in work; 14,000 new jobs on the opening day; 75% of electrical power from on–site combined cooling, heat and power; 50% retail waste recycled; 58 trains an hour connecting with central London
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RESI 2011: Property Week launches pro-development campaign
15 September 2011
Property Week today launches a “Campaign for Sustainable Development”, calling for readers’ support for development that will help revive the UK.
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Dutch fund in talks to buy £1bn student halls developer
14 September 2011
A Dutch pension fund has emerged as the frontrunner to buy a huge student halls company from Barclays Capital, in one of the biggest corporate transactions of the year.
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Crest Nicholson appoints William Rucker as chairman
14 September 2011
William Rucker, the top investment banker, has been appointed chairman of housebuilder Crest Nicholson following the completion of a debt restructuring.
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Barratt back in black
14 September 2011
Barratt Developments posted a return to full-year underlying profit this morning.
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Home in a mess? Call in the professionals
14 September 2011
We all want our home to look stylish and welcoming, but not everyone wants to spend time co-ordinating contractors and choosing the decoration and furnishings. Or perhaps you simply accept that you don’t have an eye for colour or a feel for proportion.
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Battersea student block sold for £116m
13 September 2011
Berkeley First and Imperial College London have sold a postgraduate student housing block in London’s Battersea to a UK fund.
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UK housing market remains subdued during August
13 September 2011
The UK housing market remained subdued during August, as economic uncertainty and lack of mortgage finance impacted on the number of property sales, says the RICS
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Podcast: PwC's Rosalind Rowe on REITs, tax and residential investment
13 September 2011
Listen to the podcast to hear great insight on the prospects for the residential market, government measures to improve its fortunes and the impact of the current tax regime.
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Mount Anvil picks up next slice of Clerkenwell
12 September 2011
London residential developer Mount Anvil has acquired a development site in Islington.
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Home Builders Federation: New Housing Pipeline - Q2 2011
8 September 2011
The flow of residential approvals during the second quarter of 2011 resumed its negative trend, after a brief pick up at the beginning of the year.
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Knight Frank: Global House Price Index - Q2 2011
8 September 2011
Worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
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Delancey and Essential Land win Dartford green light
8 September 2011
Delancey and Essential Land have been granted planning consent for a £200m regeneration project in Dartford.
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RESI 100: The 100 most influential people in residential property
8 September 2011
Tony Pidgley, chairman of Berkeley Group, has been named the most influential person in the residential sector following a survey by Property Week ahead of its RESI 2011 conference next week.
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Interactive: RESI 100 - The top 100 people in residential property
7 September 2011
Reveal who you voted as Property Week’s RESI 100, the top 100 people in residential property.
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Menta’s Croydon scheme approved
6 September 2011
London mayor Boris Johnson has approved plans for Menta’s 750,000 sq ft residential- led development in Croydon.
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Green light for 450 Liskeard homes
6 September 2011
Persimmon has won a resolution to grant outline planning permission to develop 450 family homes in Liskeard, Cornwall.
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Economic fears put market in doldrums
2 September 2011
Perhaps it is never right to talk about the housing market as if it is one homogenous unit, although many of us frequently fall into that trap
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Evicting rioters ill conceived, say housing groups
2 September 2011
Private and social housing groups have raised concerns about local authority plans to evict council tenants who have been prosecuted following last month’s riots
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Mould stars in the Apartments
2 September 2011
London & Stamford Property has bought Kilmorie Investments’ the Apartments residential development in London’s Oval for £24.4m
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House prices fall 0.6% in August
1 September 2011
The average UK house price declined by 0.6% in August, with the price of a typical home 0.4% lower than a year ago, figures from the Nationwide Building Society revealed today
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Wandsworth to use £250m bond for housing improvements
1 September 2011
Wandsworth Council is to issue a £250m bond to raise money for improvements to its housing stock over the next ten years.
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Three million homeowners delay moves, RESI research says
1 September 2011
Three million homeowners are delaying their moves due to job instability and a lack of suitable homes, a UK-wide survey carried out by the RESI conference has shown.
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St Modwen and Persimmon submit Longbridge application
1 September 2011
St Modwen and Persimmon Homes have submitted a planning application for the first phase of homes at the Longbridge East site in Worcestershire - part of a wider £1bn regeneration project.
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Average house price rises 1.3% in July
26 August 2011
The average price of a house in England and Wales rose 1.3% in July compared to the month before, figures from the Land Registry showed today, but still remains 2.1% down on house prices a year ago.
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HBF warns Britain's housing crisis to worsen
26 August 2011
Britain’s housing crisis will worsen following a renewed slump in planning permissions, the Home Builders Federation (HBF) warned today.
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London & Stamford buys £24m Oval resi scheme
26 August 2011
London & Stamford Property has exchanged contracts with Kilmorie Investments to acquire the long leasehold interest in 74 private residential units and 30 car parking spaces at The Apartments, 131-143 Clapham Road in Oval, London for £24.4m.
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Chainbow hails RICS respect
26 August 2011
Gail Lawrence, new business development manager at Chainbow, has become one of the first residential managing agents in the UK to be named as an associate of the RICS. The institution has decided to recognise the growing importance of residential managing agents by allowing members of the Institute of Residential Managing Agents to transfer their qualifications.
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Housebuilders unaware of risks in shared-equity schemes
26 August 2011
Failure to comply with complicated regulations in shared-equity schemes could incur the wrath of the Office of Fair Trading
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London Square’s double deal
26 August 2011
London Square, the developer formed a year ago by former Barratt Developments director Adam Lawrence, has acquired two more London sites: 18-30 Leonard Street in Shoreditch from Derwent London, where it will develop 47 flats and 19,000 sq ft of commercial space in November; and a site from Briargrove on Upper Richmond Road, Putney where it plans for 68 homes. The purchase prices are undisclosed, but the expected development values of the schemes are £35m and £40m respectively.
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Offices-to-resi conversion dogged by dissent
26 August 2011
Scepticism is growing about plans announced in the March Budget to increase the housing supply by allowing developers to convert commercial premises to housing
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Pickles to star at Property Week’s RESI 2011 event
26 August 2011
Communities and Local Government secretary Eric Pickles has been confirmed as the headline speaker at Property Week’s RESI 2011 event on 15-16 September. Pickles will address more than 1,000 people already signed up to attend the event at Celtic Manor, Newport.
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Liverpool-based Downing to make London development debut
25 August 2011
Liverpool-based student property specialist Downing has announced plans for its maiden development in London with a 32-storey, mixed-use scheme in Vauxhall, TheBusinessDesk.com reported today.
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Pickles to headline RESI 2011
24 August 2011
Communities & Local Government Secretary Eric Pickles has been confirmed as the headline speaker at Property Week’s RESI 2011 event on September 15-16.
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The end of a bright idea
19 August 2011
Mira Bar-Hillel has all but given up on the prospect of build to let solving Britain’s housing crisis
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Savills Briefing Note: Student Apartments Market in Germany - July 2011
18 August 2011
Student accommodation established itself as a niche in the investment market in recent years. This is little wonder when one considers that the number of students in Germany has increased over the last 10 years by some 18% to more than 2.1 million.
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Galliard's major West End scheme faces affordable housing hitch
18 August 2011
Galliard Homes’ plans to redevelop the Chiltern Street car park in London’s West End could be set rejected next week over concerns the developer has not provided enough affordable housing.
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Asia and central London resi swell Savills' profits 39%
18 August 2011
Savills today reported pretax profits had risen 39% for the first half of 2011 off the back of the strong performance of its residential businesses in Asia and central London.
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Kirsh sells Minerva shares to Area and Delancey
17 August 2011
Minerva’s largest independent shareholder, South African billionaire Natie Kirsh, has finally accepted the takeover offer from Area Property Partners and Delancey.
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Berlin residential property targeted by €120m Pramerica jv
17 August 2011
Pramerica Real Estate Investors has formed a joint venture to invest in residential apartment blocks in Berlin.
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Europa Capital and St Congar buy in Suffolk
15 August 2011
The English Residential Land Partnership, a joint venture between Europa Capital and St Congar Land, has bought a site close to Sudbury, Suffolk.
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USA and Canada unite for $200m Seattle residential project
11 August 2011
A US real estate fund and a Canadian pension fund have combined to develop a $200m apartment scheme in downtown Seattle.
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Grainger on course for £189.2m of sales in the year
11 August 2011
Grainger made £148.7m in sales over the ten months to the end of July, an improvement of £20m on the same period last year.
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United House buys £9m Shoreditch site
8 August 2011
London developer United House has bought a former pub in London’s Shoreditch as a development site for an office and residential scheme.
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Barratt confirms £170m loan book sale talks
8 August 2011
Barratt Developments has today confirmed that it is in talks to sell some of its £170m portfolio of shared-equity loans.
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Agent hope to dig up investors down under
5 August 2011
Frasers Property will this weekend claim to be the first developer to promote a UK residential scheme to Australian investors – in Australia
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Bellway expects profts to exceed market expectations
5 August 2011
Bellway is on course to post a pre tax profit of more than £62m following a 7.1% increase in the number of homes it has completed so far this year.
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Homeowners face £11.5bn clean up
5 August 2011
Householders could face an £11.5bn bill for cleaning up contaminated land, says property search firm SearchFlow. Research by the firm reveals that 768,000 properties are on contaminated land and the cost of cleaning up the average contaminated plot is around £15,000.
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Kerslake calls for patience over private-rented sector
5 August 2011
Former HCA chief says residential REITs may save initiative
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Kidbrooke Village: Youthful Look for Ferrier Estate
5 August 2011
Construction of the first phase has only just ended and the development will take at least a decade to complete, but already big claims are being made for the £1bn regeneration of Kidbrooke in south-east London
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Matrix in £120m student debut
5 August 2011
Asset manager to buy four schemes from indebted Opal
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RESI 100: Voting finishes today!
5 August 2011
The nominations for the most influential person in residential property are racing in.
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Allianz agrees US residential venture with Archstone and CPPIB
3 August 2011
Allianz Real Estate has entered the US residential market.
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RESI 2011: Your chance to win an IPad 2!
3 August 2011
As a part of this year’s RESI 2011 conference, being held on 15-16 September, Property Week is offering readers a chance to win an IPad 2.
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Quinlan’s former Libyan School in Chelsea to be developed by Orion
1 August 2011
Orion Capital Managers has bought a one acre freehold site in the heart of Chelsea, London, for luxury residential development.
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Aviva will live to rue missed opportunity in Shoreditch
29 July 2011
Developers sell east London flats at £675/sq ft after failed Aviva deal
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Luxury flats prove too rich for Comer brothers
29 July 2011
Comer Homes subsidiaries that own three high-end schemes owe banks £167m
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Young Index Q2 2011
28 July 2011
Each quarter, through Young Index, Young Group polls investor sentiment among 500 of its Private Rented Sector (PRS) investment clients who hold UK property assets.
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UK housing market structure is changing significantly
28 July 2011
It is becoming increasingly clear that the structure of the UK housing market is changing significantly as households react to lending constraints and the wider economic environment.
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British Land beefs up prime central London housing presence
27 July 2011
British Land is bidding to exploit the booming market for prime housing in central London with “opportunistic” acquisitions of development sites and investments.
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Podcast: Ed Mead on where's best to buy in London
27 July 2011
In the latest edition of the Property Week Podcast Douglas & Gordon director Ed Mead tells you everythiong you need to know about the London residential market.
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Grainger and Moorfield refinance equity release business
27 July 2011
Grainger and Moorfield have agreed the £31.5m refinancing of their Sovereign Reversions equity release business.
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Lloyds renews Scotia Homes debt
26 July 2011
Scotia Homes has agreed a new revolving credit and guarantee facility with Lloyds Bank Corporate Markets, which is committed until April 2014.
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Ikea doubles size of giant scheme by Olympic Park
22 July 2011
Inter Ikea is closing in on a deal to buy 15 acres of land close to the Olympic Park for a 2m sq ft mixed use scheme.
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Peel and Barratt start north-west residential push
22 July 2011
Peel Group and Barratt Homes have formed a partnership to bring forward residential schemes worth £200m across the north-west and Yorkshire.
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Pramerica and Hoche's Paris match
22 July 2011
Pramerica Real Estate Investors and French developer Groupe Hoche have formed a joint venture to invest in residential and office developments in Paris.
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Peel and Barratt in £200m tie-up
20 July 2011
Peel Group and Barratt Homes have formed a partnership to bring forward residential schemes worth £200m across the north-west and Yorkshire.
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Green light for Sainsburys’ Fulham Wharf plans
20 July 2011
Plans for the £100m Fulham Wharf development have been given the green-light.
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Countryside wins Cambridge consent
19 July 2011
A major mixed use community near Cambridge moved a step closer today after Countryside Properties won detailed planning consent for 306 homes at Great Kneighton, in Trumpington.
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CapCo Earls Court scheme set to encompass Hammersmith & Fulham estates
19 July 2011
Listed developer Capital & Counties is to give a £15m deposit to Hammersmith & Fulham council as part of a deal to include the West Kensington and Gibbs Green housing estates in its £8bn Earls Court regeneration scheme.
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Croydon set to approve Ruskin Square and Menta
15 July 2011
Nearly 2m sq ft of proposed development near East Croydon Station is expected to be given the green light next Thursday, after being recommended for approval by planning officers.
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Jones Lang LaSalle homes in on Far East
15 July 2011
Firm to capitalise on King Sturge’s groundwork in attracting investors
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Redrow Scotland purchase takes Springfield into the big league
15 July 2011
Springfield Properties has been a dominant force in the north of Scotland for many years but all of a sudden the Elgin-based housebuilder has emerged as a national player
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Singaporean aims to KOP a load of London
15 July 2011
Investor plans to repeat Trinity Square purchase and has £500m to spend
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RICS Housing Market Survey UK - June 2011
14 July 2011
The June 2011 RICS Housing Market Survey highlights three key points. First, house prices - on balance - continue to fall. Secondly, activity levels remain flat and are at relatively depressed levels. Finally, there continues to be a stark regional divergence with London continuing to buck the national price trend.
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Housebuilder consortium gets go-ahead for £230m Barry scheme
14 July 2011
Plans for the £230m regeneration of Barry Waterfront near Cardiff have been given the green light by the Vale of Glamorgan Council.
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HCA hands out £1.8bn social housing funds to the regions
14 July 2011
The Homes and Communities Agency today announced how it will allocate £1.76bn of government money towards the building of affordable homes – with London securing more than 35% of the cash.
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One of Sheffield's tallest buildings brought to the market
14 July 2011
One of the tallest buildings in Sheffield has gone onto the market with a price tag of more than £10.5m, TheBusinessDesk.com reported today.
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Barratt Developments reduces losses to £15m
14 July 2011
Barratt Developments made a loss of approximately £15m in the year to the end of June, a substantial improvement on its £160m losses last year.
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Housing market faced June stalemate says RICS
12 July 2011
The housing market faced a stalemate during June, as demand failed to pick up and supply of new property fell back, according to the RICS.
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Eatonfield’s biggest subsidiary collapses
11 July 2011
Eatonfield Developments Limited, a subsidiary of Rob Lloyd’s AIM-listed company Eastonfield, has gone into liquidation.
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Green light for Westminster’s North Wharf plans
11 July 2011
Plans for a 710,000 sq ft mixed-use scheme in the Paddington Basin were given have been given the green light by Westminster council, which is intending to sell the site for redevelopment.
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Galliard buys 7-9 Portland Place for resi
11 July 2011
Galliard Homes has paid £11m for 7-9 Portland Place, an office building in London’s West End which it plans to convert into luxury homes.
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Cordea Savills buys in Edinburgh
8 July 2011
Cordea Savills has purchased a new prime project in Edinburgh and completed the sale of two assets on behalf of its Student Hall Fund.
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Homes in the castle
8 July 2011
Meteor Asset Management has won planning permission from Perth and Kinross Council to develop up to 25 luxury homes on the grounds of the 1552-built Taymouth Castle. Restoration is already under way to turn one wing into a luxury boutique hotel, due to be ready by late 2012.
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Housing revolution that’s just waiting for the signal
8 July 2011
The coalition has scrapped many things in the name of localism but little has whipped up such excitement as its proposed abolition of the housing revenue account
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In arrears
8 July 2011
Rocketing rents have triggered a 13% surge in the number of tenancies in arrears, says surveyor Templeton, which specialises in receivership services to lenders
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Ninth joint venture
8 July 2011
Galliford Try subsidiary Linden Homes and Wates Developments have secured planning consent for 150 homes on a 12 acre, greenfield site at King Harry Lane in St Albans, Hertfordshire. Construction will begin shortly on the project, the ninth joint venture between Linden and Wates.
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Places for People considers REIT turn
8 July 2011
Places for People considers REIT turn
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Residents take control in management dispute
8 July 2011
Residents of a London apartment block have become embroiled in a dispute with their former managing agent and the freeholder – companies owned by the Tchenguiz Family Trust
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CityHeart plans Edinburgh student resi
6 July 2011
Chester-based property firm CityHeart Developments has been granted planning permission for a new 778 bed student accommodation in Edinburgh, which has been pre-let to Edinburgh Napier University.
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Wellcome publishes Olympic Park takeover plans
5 July 2011
Charitable foundation The Wellcome Trust has made public its plans for a £1bn takeover of London’s Olympic Park.
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St Modwen profits from resi recovery and hamstrung homebuilders
5 July 2011
Developer St Modwen revealed strong half-year results today, driven by active management and savvy negotiation of the difficult residential development market.
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Grainger extends resi fund before wind-up
5 July 2011
Listed residential landlord Grainger today said it had won an extension of two years to its £375 G:res 1 fund, which will then be wound up before 2015.
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RESI 100: Nominations wanted
4 July 2011
Residential has come into its own as the most vibrant area of property, and to reflect its importance Property Week is searching for the 100 most influential people working in the sector. We want you to submit up to three names from either the private or public sectors.
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£3bn BarCap-backed private rental fund revealed
1 July 2011
The much-vaunted dawn of the UK’s private rented housing sector came a step closer today, as housing minister Grant Shapps supported the launch of a £3bn private rental vehicle.
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Springfield buys Redrow's Scottish arm
1 July 2011
Elgin-based developer Springfield Properties has paid £49m for Redrow’s Scottish business, which was put up for sale earlier this year.
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Developers adapt to find market safe as houses
1 July 2011
In the first of his quarterly analyses of the market, Hometrack’s Richard Donnell explains how housebuilders have rejected flats in favour of family housing in the hunt for profit in a constrained marketIn spite of a three-year downturn, the UK housebuilding sector has proven to be far more resilient than many had expected
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Reubens In & Out: Brothers to buy £130m Piccadilly Estate
30 June 2011
Brothers to buy £130m Piccadilly Estate out of receivership
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Thirty-storey tower planned for Birmingham's Central Fire Station site
30 June 2011
Plans to convert and restore the former Central Fire Station in Birmingham including building a 30-storey tower have been submitted to the city council, TheBusinessDesk.com reported today.
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Green light given for eco ‘cohousing’ scheme
30 June 2011
A co-operative housing society is behind plans for a £3m ecological project in Yorkshire which it claims will be the UK’s first affordable ’cohousing’ scheme, TheBusinessDesk.com reported today.
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Hussey appointed to Taylor Wimpey board
30 June 2011
Mike Hussey, chief executive and joint founder of Almacantar, has been appointed to the non-executive board of Taylor Wimpey.
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British Land in £57m City of London residential buy
30 June 2011
British Land has bought a City of London residential property for £57m.
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Retirement villages go into administration
29 June 2011
Two retirement villages in the south west have fallen into administration.
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Shapps unveils Prince's eco home
28 June 2011
Housing minister Grant Shapps has today formally unveiled an innovative eco home designed by HRH The Prince of Wales’ Foundation for the Built Environment.
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Housing market shows burst of activity
27 June 2011
The house market has shown a surprising burst of activity throughout June although average prices still fell, according to Hometrack, the property information firm
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Savills and Wilmott Dixon in private-rented partnership
24 June 2011
Savills and Willmott Dixon have joined forces to develop a portfolio of private rented housing in what would be a bold move to kick-start the build-to-let movement.
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Berkeley bonanza to return £1.7bn of cash to shareholders
24 June 2011
Housebuilder Berkeley today said that it would return £1.7bn of cash to shareholders over the next 10 years, in results that highlighted how well the company has judged the property cycle.
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Homebuilder body highlights drop in new houses
24 June 2011
The coalition’s controversial localism agenda has continued to dampen sentiment among housebuilders and keep the lid on new housing projects.
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National House-Builders Council adds voice to growing localism disquiet
24 June 2011
The coalition’s controversial localism agenda has continued to dampen sentiment among housebuilders and keep the lid on new housing projects.
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Buoyant Countryside considers second flotation
24 June 2011
Housebuilder makes relisting an objective and focuses on regeneration
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Countryside not alone in IPO ambition
24 June 2011
Some housebuilders have endured, rather than enjoyed their time on the stock market
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Localism hits home with Countryside deputy chairman
24 June 2011
Localism has polarised opinion in the industry. Among its critics it is frequently bracketed alongside the dearth of mortgage finance as the cause of current low housing output
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Localism wrecks development
24 June 2011
291 councils tell BNP Paribas Real Estate that coalition policy will cut new homes by a third
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Stevenage homes plan buffeted by regional planning row
24 June 2011
Hertfordshire town core strategy deemed “unsound” by Planning Inspectorate
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Council of Mortgage Lenders appoints new director general
23 June 2011
The Council of Mortgage Lenders has appointed a veteran of financial services trade bodies as its new director general.
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Homes & Communities Agency appoints new development partner in Greenwich
21 June 2011
One of the Homes & Communities Agency’s key regeneration projects in London has been given a fresh start following the appointment a new development partner
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Qataris get Chelsea Barracks consent at second try
21 June 2011
Qatari Diar’s controversial residential scheme at London’s Chelsea Barracks was last night granted planning permission by Westminster council.
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£30m Hong Kong cash for Pinnacle
20 June 2011
Pinnacle Regeneration Group has received £30m of investment from three Hong Kong-based families in order to fund its expansion plans.
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Rents closing in on mortgage costs, CIH says
20 June 2011
As more households become part of “generation rent”, high housing costs are leaving individuals with little spare cash and and hitting their ability to save for the future.
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Nimbys handcuffed to Chelsea Barracks railings
17 June 2011
Chelsea residents have today chained themselves to the bars of Chelsea Barracks, in protest against the failure of developer Qatari Diar to demonstrate the full height of the huge residential scheme that will be built at the site.
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Barratt to build Arsenal stadium resi project
17 June 2011
Barratt London today said that it had agreed to build a new 375-home residential project next to the Emirates stadium, home of Arsenal Football Club.
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Galliard back on the grid in Greenwich
17 June 2011
NAMA and housebuilder put in more cash to finish mothballed scheme
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Osborne’s Winchester Uni win
17 June 2011
Contractor and developer Osborne has won planning consent for student accommodation for the University of Winchester on a former hospital next to the university’s King Alfred campus in Hampshire. Work on the 499-room halls is expected to start on site this summer and be completed for full occupation in 2013.
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Partner Capital One rebrands
17 June 2011
Partner Capital One, the private equity firm that targets prime residential, has changed its name to Beaubridge
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REIT regime must reform further to include residential, says alliance
17 June 2011
The property industry has welcomed the coalition’s Budget plan to promote the growth of the REIT regime
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UK Coal partners with Taylor for major residential development
16 June 2011
The property arm of the UK’s largest coal mining arm has agreed a deal with Taylor Wimpey which could see up to 4,000 homes built across England and Scotland over the next ten years.
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Brockton Capital and Development Securities agree £47.5m Notting Hill buy
16 June 2011
A joint venture between UK property fund Brockton Capital and Development Securities has agreed to buy a Notting Hill office and retail block for £47.5m.
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Fire at Frogmore and Galliard's Strand scheme
14 June 2011
A high-end residential and hotel development in London’s Aldwych caught fire today.
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RICS figures show house sales dropped in spring
14 June 2011
The hoped-for spring bounce in the housing market failed to materialise during May, as fears over the economy and lack of mortgage finance continued to depress activity levels, says the RICS
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David Higgins given knighthood
13 June 2011
Network Rail chief executive and former Lend Lease boss David Higgins had his career achievements honoured this weekend with a knighthood.
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£3.7bn pumped in to London residential market annually from abroad
10 June 2011
The London residential market is being fuelled by foreign buyers to the tune of £3.7bn each year according to research by Savills.
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Prime £225m St John’s Wood site comes to market
10 June 2011
The Eyre Estate has today launched one of London’s most coveted residential development opportunities - the £225m sale of the St John’s Wood Barracks site in north-west London.
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Alpha to increase ground rent investment
10 June 2011
Fund manager hopes to attract new investors with its Freehold Income Trust
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Blackstone completes Nido block
10 June 2011
Blackstone has this month completed the development of its latest Nido student accommodation scheme – a 277-bed block in Notting Hill, west London. The group is pushing ahead with marketing the rooms to students amid speculation over the future of Nido. Blackstone recently put its 1,000-bed student housing block in King’s Cross on the market for £180m.
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David Wilson joins the race at Newbury
10 June 2011
David Wilson Homes is pushing ahead with its regeneration of Newbury Racecourse in Berkshire with detailed applications following in quick succession
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European Commission directive threatens UK’s buy-to-let market
10 June 2011
Fears are growing among mortgage lenders that a proposal by the European Commission to introduce cross-border regulation of residential loans could undermine the UK’s resurgent buy-to-let market
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Family finances first-time buyers
10 June 2011
London agent Sandfords claims that an increase in cash deposit contributions for first homes from parents now means the average age of first-time buyers of prime property north of Oxford Street has fallen to just 23 – 14 years younger than the national average.Director Andrew Ellinas says as many as two-thirds of homes involving first-time buyers valued between £300,000 and £1m are financed by family.
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Green light for Barratt Wilson Bowden's Basildon redevelopment
9 June 2011
Basildon Borough Council has granted Barratt Wilson Bowden planning permission for a mixed use development in Basildon town centre.
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FreshStart Living steps into student accomodation market
8 June 2011
Property developer FreshStart Living has bought Montgomery House at Alexandra Park in Whalley Range and is planning a £7.8m conversion to turn it into student flats, TheBusinessDesk.com reported today.
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New Covent Garden loses Barratt from £1bn redevelopment race
8 June 2011
Barratt Group has bowed out of the competition to redevelop the New Covent Garden Market site in Nine Elms, leaving two French firms in the running for the £1bn deal.
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100,000 new homes to be built on surplus public land
8 June 2011
The government is planning to sell public land worth an estimated £10bn to address the housing shortage, housing minister Grant Shapps will announce today.
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Carlyle buys Rotterdam office for student accommodation
7 June 2011
US private equity group Carlyle has bought an office building in Rotterdam for conversion into student accommodation, through its joint venture with the MacGregor family.
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£1bn Holt Town scheme gains extension
6 June 2011
City councillors in Manchester have approved a request to extend the lifespan of a £1bn, 95 acre waterfront regeneration scheme in east Manchester for a further three years, TheBusinessDesk.com reported today.
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Nobel Prize winner joins Dolphin Capital board
6 June 2011
AIM-listed residential investor Dolphin Capital has appointed a Nobel Prize winning economist to its board as non-executive director.
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Crest Nicholson renews approach at Park Central
3 June 2011
Property developer Crest Nicholson is hoping to renew an outline planning consent for a 20-storey mixed-use tower at its Park Central scheme, TheBusinessDesk.com reported today.
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Shropshire Council: Build your own affordable home information pack
3 June 2011
In view of the critical need for affordable housing across Shropshire, the Council wishes to increase the supply of rural affordable homes.
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Localism continues to split housebuilders’ vote
3 June 2011
The Localism Bill may be hurtling through parliament, but the big housebuilders can reasonably argue they are better prepared than most industries
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New Peverel owner must manage ‘complex’ structure
3 June 2011
Administrators to Peverel, the housing management group owned by the Tchenguiz Family Trust, are close to selecting a shortlist of bidders for the company from as many as 131 interested parties
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Property Week conference: affordable housing crisis
3 June 2011
Industry warns that new, reduced figures are not viable
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Hamptons International: UK Private Rented Sector - The Future of Institutional Investment in UK Residential
2 June 2011
The private rented sector is maturing as a property investment asset class, but Government efforts to stimulate institutional investment in the sector have thus far been disappointing.
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Kent Housing Group: Better Homes - localism, aspiration and choice
2 June 2011
The county of Kent offers the South East’s greatest opportunity for economic growth and private-sector led recovery. Kent is open for business and is not waiting around for government to decide what our growth should be.
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McInerney’s debts top £225m
2 June 2011
McInerney Homes, the Wigan-based trading company behind collapsed housebuilder McInerney Group, owes its creditors more than £225m, according to a new report found by TheBusinessDesk.com.
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PWTV: Tony Pidgley calls on the spirit of entrepreneurialism
31 May 2011
Tony Pidgley, chairman of Berkeley Group, gave a rallying call to the property market at this month’s Movers & Shaker breakfast debate at the Dorchester Hotel in London.
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Middle Eastern resi buyers up 50% in West End
27 May 2011
The Arab Spring has caused an uptick in the number of Middle Eastern buyers of West End residential property, according to a report by West End residential agency Kay & Co.
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For £400 a week, I would expect better service
27 May 2011
I recently found myself in Glasgow with an iPhone that would not hold its battery charge
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Kerslake and Carter make construction call
27 May 2011
In the old days of regional planning, it was established that 7,000 homes needed to be built in Kent every year for 20 years to satisfy demand
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One Hyde Park shop sale fail
27 May 2011
CPC Group’s Project Grande takes three units at scheme off market after receiving bids of £45m
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Private and public sectors pull together for Kent fund
27 May 2011
CB Richard Ellis prepares feasibility study for project
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Relentless rise in rents forces couples to cohabit
27 May 2011
Average monthly rents in England and Wales rose 0.8% to £692 in April, matching the record high reached in November 2010, says LSL Property Services
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Wheeler in resi deal with Richardsons
27 May 2011
Former Brixton head forms residential company funded by property dynasty
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Green light for £58m Stratford resi towers
26 May 2011
A joint venture of investors and developers has been granted planning consent for two residential towers of 15 and a 35 storeys on Stratford High Street in east London.
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Speymill Deutsche to leave AIM
25 May 2011
Speymill Deutsche Immobilien, the struggling German residential property investor, will delist from AIM on 31 May.
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London resi rents show huge increase
25 May 2011
Rents in London have risen by 6.1% in the past six months from £37.87 / sq ft to £40.20 / sq ft, according to Jones Lang LaSalle research.
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Hyde Hospital on the block
23 May 2011
The former Hyde Hospital has been put up for sale through the Manchester office of Colliers International.
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Housebuilder Carvill in administration
23 May 2011
Northern Irish housebuilder Carvill has been put into administration.
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Mountgrange launches resi debt fund
20 May 2011
Investment management firm Mountgrange is to launch a mezzanine fund targeting residential development.
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Morston go-ahead for £500m Whitecross regeneration
20 May 2011
Developer Morston Assets has been granted planning permission for its £500m Whitecross regeneration near Falkirk in Scotland.
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A converted effort
20 May 2011
As London residential schemes achieve £4,000/sq ft, conversion from offices to housing is sweeping the capital
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Cost of carbon efficiency
20 May 2011
The coalition used the Budget in March to reaffirm its commitment to sustainable housebuilding
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Countryside wins £8.1m contract
20 May 2011
Countryside Properties has won an £8.1m contract by housing association Moat to develop the third and final phase of the Christian Fields regeneration project in Gravesend, Kent. The phase consists of 51 houses and 18 affordable housing and shared-ownership flats. Construction is expected to start this September.
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Databank: planning for growth
20 May 2011
Government policy has taken a decisive step towards higher levels of housebuilding since the Budget on 23 March
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Don’t cut grants, calls Cluttons
20 May 2011
Cluttons has called on the government to reconsider its policy on affordable housing
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Give housebuilders a break with retrofit levy
20 May 2011
Galliford director suggests retrofit levy over restrictive new-build sustainability rules
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Select’s Torch towers above all
20 May 2011
Select Group has completed construction of the Torch in Dubai, which it claims is the world’s tallest residential tower. At 348 metres and 86 floors the Torch is 25 metres taller than the previous world record holder, Q1 Tower in Gold Coast City, Australia. The Torch comprises 676 flats, which Select will hand over to investors this month.
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Green light for Barratt in Battersea
19 May 2011
Barratt Homes has secured planning permission for an £18m mixed-use scheme in Battersea that will provide 64 new homes.
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South East portfolio helps boost Grainger NAV by 5%
19 May 2011
Grainger enjoyed 5% growth in net asset value per share off the back of growth in profits and the value of its South East England focussed portfolio.
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Wealth buyers continue to prop up luxury housing market, CBRE says
18 May 2011
Wealthy buyers from overseas continue to prop up prices of luxury housing in London and cement its reputation as “the billionaire capital of Europe”, says CB Richard Ellis (CBRE).
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Crest Nicholson announces robust figures
18 May 2011
Crest Nicholson has announced robust trading figures as its debt restructuring talks with US hedge fund Varde get closer to a conclusion.
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McGivern steps down from Northacre after two months
17 May 2011
Jayne McGivern, chief executive of London luxury residential developer Northacre, has today resigned after just three months in the job.
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Knight Frank enters partnership with New York residential broker Prudential Douglas Elliman
17 May 2011
Knight Frank has entered into an exclusive strategic partnership for residential business with New York’s largest residential brokerage, Prudential Douglas Elliman.
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HCA’s Lunts moves to GLA
16 May 2011
The Homes and Communities Agency’s executive director for London, David Lunts, has taken up a new role at the Greater London Authority.
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April surge causes London and South East resi price rise
13 May 2011
London and the south east provided the setting for a rush of transactions during April in an otherwise gloomy house market across England and Wales
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Topland trio homes in on resi with mezzanine debt
13 May 2011
Investor joins Westcity and Dragonfly to provide bridging finance to London residential schemes
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East coast dominates development hotspots
13 May 2011
When Barratt Developments issued its trading update in February, a special mention was made of the housebuilder’s performance in Scotland: sales of 160 homes, totalling £18m, during the first eight weeks of its current financial year.
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Scotland on brink of consolidation
13 May 2011
Redrow shock sale at odds with rivals’ outlook
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Schroder gets green light for £150m sustainable Sutton suburb
12 May 2011
Schroder Property Investment Management was last night granted planning permission for a £150m “sustainable” neighbourhood on the Felnex Trading Estate in Hackbridge, Sutton.
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UK Land & Property takes over developing stalled Issa tower
12 May 2011
UK Land & Property has entered into an agreement to take over the development of Manchester property developer Bashar Issa’s Sarah Point project.
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Spring brings out the residential sellers, RICS says
10 May 2011
Supply of property increased during April, as sellers returned to the test the spring housing market despite continuing weakness on prices, according to the latest RICS UK Housing Market survey.
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Podcast: Paul Munford and Liz Locke give you exclusive insight into Omni Capital
6 May 2011
Paul Munford, chief executive of Omni Capital, and Liz Locke, business development director, talk to Property Week’s podcast host James Max about how and why the finance business works.
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Databank: Scotland rents
06 May 2011
The rental market in Scotland remained strong in the first quarter, continuing the trend of last year, when rents rose by an average of 4%, climbing by as much as 10% in some areas
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Four for London Square
06 May 2011
London Square, the housebuilder formed last June with £100m from private equity firm Graphite Capital and Barclays, says it is on course to start work this year on 180 homes in London after buying four sites
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Local elections prompt housing outcry
06 May 2011
The Home Builders Federation and the Chartered Institute of Housing have urged councils to take more responsibility for housing provision following yesterday’s local elections
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Mayfair treasure under offer
06 May 2011
Developer Dukelease lays claim to 30 Old Burlington Street and plans £300m residential scheme
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Neo Bankside’s not-so-far pavilions
06 May 2011
Native Land and Grosvenor have generated £130m of sales at the 199-unit Neo Bankside (pictured, right) next to London’s South Bank, as construction draws to a close on the second of the scheme’s four “pavilions”.The developers are launching the third pavilion next week, in which 20% of the flats are already presold at between £1,000/sq ft and £1,900/sq ft. The whole scheme is due for completion in spring 2012.
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Newark urban extension edges forward after 11-year wait
06 May 2011
Longstanding plans by Catesby Property Group for an urban extension to the south of Newark in the east Midlands are edging closer to fruition after the site was formally included in the town’s growth strategy
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Paragon reports increased demand
06 May 2011
Nearly half of landlords experienced a rise in tenant demand during the first quarter of 2011, reports buy-to-let lender Paragon Group in its latest survey – up from 40% on the last quarter of 2010.Chief executive Nigel Terrington predicts that tenant demand will strengthen further this year.
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Property and homeless groups unite against welfare bill
06 May 2011
Eclectic “coalition” warns of effects of housing benefit reforms
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Ballymore submits plans for US Embassy neighbourhood
5 May 2011
Irish property company Ballymore has submitted a planning application for major mixed-use scheme around the proposed US embassy complex.
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Grainger confirms Lloyds resi deal
4 May 2011
Listed residential landlord Grainger has confirmed its selection as the preferred supplier to asset manage Lloyds Banking Group’s residential properties that are in distress, as tipped by Property Week (03.02.11).
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Grosvenor selected as preferred bidder on Oxford homes
28 April 2011
Oxford City Council has named Grosvenor as preferred bidder to deliver up to 1,000 new homes in Barton, to the northeast of Oxford.
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‘We never stood a chance,’ says rival Newham casino bidder
28 April 2011
Plans by Newham council for a Las Vegas-style casino in Westfield Stratford City next to the Olympic Park in east London have been cast in doubt following two formal applications for a judicial review of the authority’s choice of location
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Peakside sells Berlin housing complex to TAG
27 April 2011
Peakside Capital, the Zug-based European real estate private equity firm, has sold a residential complex in Berlin to TAG Immobilien.
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Lloyds picks Grainger for resi partnership
26 April 2011
Grainger has been picked by Lloyds Banking Group to help it improve the value of non-performing residential property and development loans, as tipped by Property Week (4.02.11).
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Welsh politicians “desperately need to wake up to the mounting housing crisis” says HBF
21 April 2011
Welsh politicians “desperately need to wake up to the mounting housing crisis”, the Home Builders Federation (HBF) warned today after revealing that residential development in the principality has slumped to its lowest level since the Second World War.
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‘Generation of 2006’ square up to Cube
21 April 2011
Boom-time buyers struggle to complete purchases as new, cheaper flats released to occupiers
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Databank: Development land recovers
21 April 2011
Development land is showing signs of strong recovery, albeit highly localised and focused on small, serviced sites
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House market still slow
21 April 2011
Overall recovery for the house market is “still some way off”, says the RICS following its latest survey, which shows low sales levels and falling demand in March
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Mayor’s figures ‘wrong’
21 April 2011
London mayor Boris Johnson has come under attack over his claim to the media last week that “we are closing in on delivering this record target of 50,000 new affordable homes”.
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Prime win for Finchatton
21 April 2011
Luxury developer Finchatton has won planning permission for a development of six flats on Basil Street, opposite Harrods in London’s Knightsbridge
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Ken Livingstone: “The Conservative party is the enemy of affordable housing for Londoners."
20 April 2011
Labour’s London Mayoral candidate Ken Livingstone today spoke out against the Government’s proposed ‘affordable rent’ model, stating there had been a “woeful lack of leadership on the so-called ‘affordable rent’ plans from the Mayor of London and his team.”
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Redrow to sell Scots arm and focus on south-east
20 April 2011
Housebuilder Redrow is to sell its loss-making Scottish business in order to concentrate its efforts on developing homes in London and the south-east.
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LDA chief becomes Boris's regeneration boss
19 April 2011
The chief executive of the London Development Agency is to become the mayor of London Boris Johnson’s lead regeneration adviser, as part of a wide-ranging reshuffle of his senior team.
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Green light for Newcastle's Science Central development
15 April 2011
Newcastle City Council has granted outline planning permission to 1NG for its Science Central development in the city.
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Residential rents rise for the second consecutive month
15 April 2011
Residential rents have risen for the second consecutive month – up 0.4% in March to £687, which represents an annual increase of 4.2%, according to LSL Property Services
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Carsberg takes on gazumpers
15 April 2011
Former OFT chief demands presale contracts with penalties
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Databank: West Mids cities see the light
15 April 2011
Rent levels in the West Midlands’ main urban centres have strengthened in the past year, particularly in Birmingham city centre, where employment levels have started to recover from their 2008 low
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Grainger’s GenInvest coup excites stock market
15 April 2011
One of the biggest residential investment deals in years has been overlooked in all the post-Budget rhetoric about how the coalition has woken up to the importance of the private-rented sector
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Southern Cross meets with landlords as it battles "unsustainable" debt burden
14 April 2011
The UK’s largest care home operator, Southern Cross, today “constructive” talks with landlords as it seeks to battle an unsustainable debt burden.
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Galliford and Home preferred for Gateshead resi plan
13 April 2011
Evolution Gateshead, a joint venture between housebuilder Galliford Try and affordable housing provider Home Group, has been appointed preferred bidder for a £347m Gateshead housing programme.
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OPLC ponders neighbourhood naming ideas
12 April 2011
“Plastic Fantastic”, “Redgravia”, and “Hoy Gateway” are among the first names suggested by members of the public for the “neighbourhoods” that are to be developed at the Queen Elizabeth II Olympic Park in London’s East End after next year’s Games.
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Terrace Hill sells £41m of residential to fund debt repayment
11 April 2011
Terrace Hill has completed three separate residential sales within Terrace Hill Residential, its 49% owned joint venture, for £41.4m
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Pickles consults on office-to-resi planning changes
8 April 2011
Communities secretary Eric Pickles has today launched a consultation to scrap the requirement for planning consents to convert offices into residential property.
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Unite posts 2% NAV rise in Q1
8 April 2011
Student accommodation giant Unite Group has today reported an increase of 1.7% in its net asset value, reflecting the continuing strong performance o the sector.
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Telford secures £70m facility for site acquisitions
8 April 2011
East London residential property developer Telford Homes has secured £70m of debt for future site acquisitions.
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House prices fell again in March
8 April 2011
House prices fell 0.1% in March and with the Retail Prices Index running at 5.5% property owners continue to see “value being chipped away at an alarming rate”, according to LSL Property Services.
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CB Richard Ellis goes Countrywide
08 April 2011
World’s biggest property adviser taps into UK residential market with huge estate agency partnership
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London leaseholders lose out in management
08 April 2011
Thousands of residential leaseholders in central London risk losing money by failing to exercise their right to manage their apartment blocks, claims surveying firm Ringley
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Managers: take a stand on your brand
08 April 2011
Residential property management needs to become more of a branded service and incorporate some of the successful marketing ideas commonly used in both the US rental market and student accommodation sector
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More converts for offices to residential
08 April 2011
Conversion could ease vacancy rates and feed demand for residential
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Crosslane makes second student fund purchase
7 April 2011
The Crosslane Student Accommodation Fund has bought its second property since its first closing six months ago.
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Only Monaco is more expensive for homebuyers than London
6 April 2011
Monaco remains the world’s most expensive residential location, followed by London, according to Knight Frank and Citi Private Bank.
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Three shortlisted for Athletes' Village
6 April 2011
Delancey and Qatari Diar, Hutchison Whampoa, and Wellcome Trust have been shortlisted by the Olympic Delivery Authority to buy and manage the £500m Olympic Village in East London.
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Mount Anvil picks up second Wandsworth site in £155m regeneration plans
5 April 2011
London developer Mount Anvil has bought a second site in Wandsworth as it plans a £155m regeneration project.
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Manchester development doubles, says DJD Crane Survey
5 April 2011
The number of new development schemes in Manchester has more than doubled in the past year, according to Drivers Jonas Deloitte’s Manchester Crane Survey, which was published today.
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McInerney Homes UK arm in administration
4 April 2011
The UK arm of Irish housebuilder McInerney Homes has today been placed into administration, after it failed to | convince a high court judge in January of a rescue plan for its insolvent development businesses.
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Menta submits Cherry Orchard Road planning in Croydon
4 April 2011
Urban regeneration company Menta has submitted a planning application to the London Borough of Croydon for 750,000 sq ft of development on its East Croydon station site.
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Etalon indicates IPO pricing
4 April 2011
Russian residential developer Etalon Group has today announced the indicative price range for its initial public offering on the London Stock Exchange, which was announced on 23 March.
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Local council "direct payments to landlords" policy extended
1 April 2011
The government has temporarily extended the discretion of local authorities to make direct payments to landlords in return for lowering rents.
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Assettrust’s social conscience
01 April 2011
Assettrust Housing started to buy properties from housebuilders in 2004 – invariably off plan, which helped to obtain discount prices in schemes such as Berkeley Group’s Waterside in Worcester and City Quarter in London
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Bengal’s £4m Highbury loan
01 April 2011
Bengal Property Holdings has obtained a £4m, five-year loan from Nationwide Building Society to refinance a block of 17 fully let flats in the Highbury Stadium redevelopment in north London.Bengal is majority-owned by the Ziser Investment Group, which has a portfolio of 50 residential properties worth £130m and mainly based in London.
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Funds put trust in affordable housing
01 April 2011
Institutions back Assettrust’s shared ownership investment scheme
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Kensington’s 3 Queen’s Gate sale
01 April 2011
Central London developer Northbeach has sold the freehold and all five flats in 3 Queen’s Gate Place in South Kensington to a Chinese investor for about £14m.“Foreign investors understand London’s ’safe haven’ status and the long-term capital growth potential available, at a time when many Far Eastern economies are overheating and following the recent political and economical problems in the Middle East and North Africa,” says Northbeach managing director Adam Blaskey.
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Letting agency regulation continues to elude property ombudsman
01 April 2011
Property ombudsman Christopher Hamer has made a fresh plea for the government to regulate residential letting agents or give greater powers to the ombudsman scheme
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Squat eviction law progresses
01 April 2011
Landlord Assist, the nationwide tenant eviction and rent collection firm, has welcomed government plans to make squatting illegal
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Take five … problems with the New Homes Bonus
01 April 2011
The New Homes Bonus will exacerbate the divide between rich areas and the rest, a report warns
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Welsh assembly touts empty property fund
01 April 2011
The Welsh government has been urged by a cross-party group of Welsh Assembly members (AMs) to set up a fund from which local authorities can lend to landlords to bring empty properties back into use
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Shapps unveils "build now, pay later" sites
31 March 2011
Grant Shapps has announced the first six sites to be offered to developers under his “Build Now, Pay later” scheme which aims to stimulate housing development across the country.
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Taylor Wimpey agrees £595m North American business sale
31 March 2011
Taylor Wimpey has agreed to sell its North American business as a it strives to focus on UK housebuilding.
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Skylight Capital to sell main property portfolio
30 March 2011
Fund manager Skylight Capital is to test the strength of the residential investment market with the break up and sale of its main property portfolio.
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Two receivership sales at Cannon auction
30 March 2011
Two Nationwide receiverships sales from Cannon Capital’s latest auction have sold for just over £450,000.
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Ronson – sun will start to shine again in 2014/15
29 March 2011
Gerald Ronson today said that the property market would not fully recover until 2014 at the very earliest – and that investment outside of London would require “luck, bravery and Alka Seltzer”.
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Global house price rise masks major divergence between countries
28 March 2011
Global house prices rose by 2.8% in the year to December 2010 – a modest increase that masks some big regional and country level differences, according to Knight Frank.
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Mount Anvil to redevelop Wandsworth Business Village
28 March 2011
London residential developer Mount Anvil has announced a development agreement with Workspace Group to fund and manage the regeneration of Workspace’s Wandsworth Business Village in south London.
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CABE review: harness localism to banish ‘Lego’ homes
25 March 2011
The Commission for Architecture and the Built Enviroment review has been a monthly fixture on these pages for the past year and a half, but it comes to an end as CABE prepares to merge with the Design Council next month
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IPD figures support residential evangelists’ sentiment
25 March 2011
Investors champion long-term performance of sector, which returned more than 10% in 2010
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Residential experts dismiss £250m FirstBuy Direct as "negligible"
24 March 2011
Residential property experts have dismissed FirstBuy Direct, the £250m Budget measure for first-time buyers, as a negligible boost to the market and a questionable use of taxpayers’ money.
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AUB buys two student accommodation blocks
23 March 2011
Ahli United Bank has bought two student accommodation assets, in London and Leeds, for a total of £38m.
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BUDGET 2011: Government to step up public land sales
23 March 2011
The government has announced plans to accelerate release of public sector land for use as housing, including testing out a “build now, pay later” scheme.
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BUDGET 2011: BPF welcomes £250m first-time buyer fund
23 March 2011
The British Property Federation has welcomed details of the government’s £250m fund to help first time buyers.
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BUDGET 2011: Changes to stamp duty land tax welcomed
23 March 2011
The property sector has welcomed changes to Stamp Duty Land Tax announced in today’s Budget.
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Hussey secures debt and closes Centre Point deal
23 March 2011
Mike Hussey’s Almacantar has exchanged contracts to buy the Centre Point tower near Tottenham Court Road tube station for around £120m.
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Russian resi developer plans $500m London float
23 March 2011
A Russian residential developer is planning a $500m initial public offering on the London Stock Exchange.
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Grainger pays £15m for last 50% of GenInvest JV
22 March 2011
Listed landlord Grainger has bought Genesis Housing Group’s 50% share in Grainger GenInvest Partnerships, a central London residential joint venture that owns 1,630 homes.
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Corestate buys €85m distressed German residential portfolio
22 March 2011
Switzerland-based private equity firm Corestate has bought a portfolio of 153 residential assets located in the Rhine Ruhr region of Germany valued at €85 million.
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Grainger green light for 2,550 Hampshire homes
21 March 2011
Grainger has been granted planning permission for Newlands, a 211 hectare mixed-use development at Waterlooville in Hampshire, by a joint committee of Winchester City Council and Havant Borough Council.
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Haxted and DevSecs buy £5m Sandbanks resi development site
21 March 2011
Haxted Estates, in partnership with Development Securities, has bought a waterside property in the prime residential location of Sandbanks, Poole, for the development of four luxury apartments.
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Berkeley reports 25% increase in sales reservations
18 March 2011
Residential developer Berkeley Group has reported a 25% increase in overall sales reservations in the fourth months ending 28 February compared to the same period last year.
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Residential rents rise for the first time this year
18 March 2011
Residential rents rose for the first time this year in February, according to the latest Buy-to-Let Index from LSL Property Services.
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Databank: house price leaders and laggards
18 March 2011
Behind the headlines of a second slip of house prices, the experience of 2010 showed that there was great divergence between the locations that have traditionally led a housing market recovery and those that have played catch-up much later
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North to ‘suffer disproportionately’ under coalition
18 March 2011
Report damns government policy, claiming regional imbalance will worsen
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Camden Council gives green light to King's Cross homes
17 March 2011
Camden Council has granted detailed planning consent for the private homes to be offered for sale in the 8m sq ft King’s Cross Central scheme.
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Chief executive to leave Tchenguiz's Peverel business
17 March 2011
Nigel Bannister, the long-standing chief executive of Peverel, the Vincent Tchenguiz-owned housing management group which was placed into administration earlier this week, is to leave the business.
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RSS abolition will create "vacuum at the heart of English planning", says select committee
17 March 2011
The intended abolition of regional spatial planning strategies leaves a “vacuum at the heart of the English planning system” which could have consequences“for many years”, the all party Commons Communities and Local Government Committee has said today.
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Residential once again deliver double-digit returns, IPD says
17 March 2011
Residential property has repaid the faith of the relatively small band of institutional investors that favour the sector by once again delivering double-digit returns, according to Investment Property Databank (IPD).
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IPD: residential underperformed commercial in 2010
16 March 2011
Residential property underperformed the commercial market for the first time in four years last year.
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GI buys €214m of non-conforming Dutch residential mortgages
15 March 2011
GI Partners, the real estate private equity firm, has teamed up with Principal Company, a Dutch investment firm, to buy €214m of first lien, non-conforming residential mortgages in the Netherlands.
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Bouygues to submit Canning Town plan
11 March 2011
Bouygues Developments will this month submit a planning application for its £600m mixed-use scheme at Canning Town in east London after presenting details of the development to prospective investors at MIPIM yesterday
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Databank: ‘staycations’ soar in south-west
11 March 2011
Demand for self-catering holiday homes in the south-west has rocketed
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Hometrack helps homebuyers threatened by ‘down valuing’
11 March 2011
Housebuilders use valuation data to set accurate pricing
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Strutts tacks on new recruit
11 March 2011
Strutt & Parker has appointed Matthew Tack from Hamptons International to its residential investment team in London as partner
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MIPIM 2011 TV: Dr Nouriel Roubini warns of double-dip threat from UK housing market weakness
10 March 2011
Dr Nouriel Roubini, one of the world’s most renowned economists, today told Property Week that the UK needs to watch the growing weakness in the housing market amidst fears of a double dip recession.
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Candys sell £900m of luxury apartments at One Hyde Park (video)
10 March 2011
Christian Candy’s CPC Group has sold £900m of apartments at its luxury One Hyde Park scheme in London – a figure previously only linked to exchanged sales.
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MIPIM 2011 TV: Nick Candy on expanding his business and his new "Apprentice"
9 March 2011
The Candy brothers are looking at the most established cities such as London and New York for their next luxury residential venture, Candy & Candy founder Nick Candy told Property Week today.
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MIPIM 2011 TV: James Caan mulls property entrepreneurs fund
8 March 2011
Dragon’s Den star James Caan told Property Week today he is considering setting up a fund to invest in property entrepreneurs.
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Henderson acquires Capistrano Gardens LA apartments for $16m
7 March 2011
Henderson Global Investors has acquired Capistrano Gardens Apartments, a 120 unit apartment community in the Los Angeles suburb of Norwalk, California for $16m (£9.8m).
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Shop of the new
04 March 2011
Shopping streets in London, Stockholm and the Hague are thriving. Christine Eade examines the schemes that are rewriting the rule book
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Stockholm: in the mood
04 March 2011
Swedish pension and life fund AMF Fastigheter is 10 days away from naming the three anchor tenants for Mood Stockholm
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The Hague: Marks spot
04 March 2011
It would be the crowning irony if Marks & Spencer became one of the anchor tenants of the New Haagse Passage in the Hague
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London house prices further outgrow regions
3 March 2011
Price growth in London continues to outperform the wider UK market average, with 2% price growth expected this year across Greater London and a 5% increase anticipated for the Prime Central London Market, according to new research by Jones Lang LaSalle.
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St Modwen JV gets Wolverhampton Goodyear consent
2 March 2011
A joint venture between St Modwen and Persimmon has secured planning permission for a £50m residential development in Wolverhampton.
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HCA consults on HomeBuy rationalisation
28 February 2011
The Homes and Communities Agency has today detailed its plans to centralise the HomeBuy network by rolling 13 organisations in England into a single national body.
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Countrywide buys north-east agency
28 February 2011
Countrywide has bought north-east residential lettings agent Property Quarters, which operates offices out of North Shields and Whitly Bay.
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Think tank urges government to steer clear of 1980s-style enterprise zones
28 February 2011
A leading independent think tank has urged the coalition to steer clear of introducing 1980s-style enterprise zones in the March budget as it attempts boost urban regeneration across the UK.
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‘Doubts must remain’ over changes to council funding
25 February 2011
Local government expert Tony Travers has condemned the government’s changes to council funding as a “journey into the unknown” for London, given that some boroughs are set to reap huge rewards from investment, while others gain little
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Funds to pump £7.5bn into housing
25 February 2011
Institutions set aside an extra £1bn for housing at the end of 2010
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Life does not stop at 55, and nor does the chance for development
25 February 2011
Applications for innovative, sustainable housing for older people will be regarded favourably by planners
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Ukrainian pays princely sum for Regent’s Park mansion
25 February 2011
A Ukrainian oligarch is understood to have paid more than £32m for one of the mansions in Oakmayne Properties’ residential redevelopment on Cornwall Terrace in Regent’s Park, London
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Savills Research: Spotlight on Development Layout
24 February 2011
In an economic environment where the housing market is only partially functioning, the business of housing development is threatened by low turnover and values as well as funding and planning uncertainty.
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CB Richard Ellis: UK Residential Investment Monitor - Q1 2011
24 February 2011
In the last two years equity markets have recognised the opportunity to invest, both in scale and for good returns, in the residential investment and development market.
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Home Builders' Federation: New Housing Pipeline - Q4 2010
24 February 2011
The flow of residential approvals weakened for a third consecutive quarter during the closing months of 2010 as a modest pick up in approvals during the second half of 2009 and early 2010 lost momentum.
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St Modwen Properties submits first residential application at £1bn Newport scheme
23 February 2011
St Modwen Properties has submitted its first residential planning application at Glan Llyn, the regeneration specialist’s £1bn redevelopment of the former Llanwern steelworks east of Newport in south Wales.
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Essential Land joins Altyon and Delancey for redevelopment of GlaxoSmithKline London site
22 February 2011
Residential developer Essential Land has joined forces with fund manager Altyon and Delancey to draw up plans for a mixed-use redevelopment of part of GlaxoSmithKline’s landholding in Beckenham, south east London.
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David Wilson buys former nuclear site in Oxfordshire
22 February 2011
David Wilson Homes has bought a 15ha brownfield site next to a science park in Oxfordshire for the development of 275 homes.
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Local authority permissions for housebuilding continue to slide, says HBF
21 February 2011
Local authority planning permissions for housebuilding continued to slide during the final quarter of 2010, according to the latest Home Builders Federation (HBF).
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Grainger picked for massive Aldershot scheme
18 February 2011
Grainger, the UK’s biggest listed landlord, has been picked as the preferred developer of 4,500 homes on one of the south-east’s largest brownfield sites, the Aldershot Urban Extension at Aldershot Garrison, PropertyWeek.com can reveal.
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Shapps' homes bonus plan draws diverse criticism
18 February 2011
Housing minister Grant Shapps has drawn criticism from groups as diverse as countryside campaigners and housebuilders after announcing details of the coalition’s plan to boost residential development with a New Homes Bonus for local authorities.
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Residential rents fall in January
18 February 2011
Residential rents fell slightly in January – for the second successive month – as a growing number of investors piled into the UK’s buy-to-let market pushing up supply, according to LSL Property Services.
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DevSec and Cathedral lodge £100m Greenwich regeneration plans
18 February 2011
Development Securities and Cathedral Group have submitted plans for the redevelopment of the former Greenwich Industrial Estate into a mixed-use scheme called “The Movement”, between Norman Road and Waller Way.
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Databank: London will suffer under benefit proposals
18 February 2011
To reduce expenditure on housing benefit, the government has announced caps for housing benefit claimants who rent within the private-rented sector
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Grosvenor goes Native with Chelsea residential site
18 February 2011
Grosvenor and Native Land to buy £50m 1 acre Alpha Place out of receivership
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Landlords still at odds with Freud’s rent cap
18 February 2011
BPF and Lord Freud square up over government rent collection restrictions.
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Morgan Sindall and Bournemouth Council exchange contracts on £350m vehicle
17 February 2011
Bournemouth Council and Morgan Sindall have exchanged contracts to form a £350m - £500m local asset backed vehicle in a plan to woo private sector money following public sector cuts, as revealed by Property Week (19.11.2010).
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Housebuilder Redrow positive despite slight drop in profits
17 February 2011
Housebuilder Redrow sounded a positive note about the housing market today as it reported a slight drop in profits in the last half of 2010.
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Westminster paves way for Reubens' Paddington skyscraper
17 February 2011
Westminster Council last night gave the go-ahead to the billionaire Reuben brothers’ initial designs for one of the UK’s tallest buildings at Paddington.
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LDA completes Berkeley Royal Arsenal land sales
16 February 2011
The London Development Agency has sold the remaining land around the £1.5bn Royal Arsenal site in London to its development partner, Berkeley Homes.
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Plans lodged for 143 King’s Cross Central Homes
14 February 2011
King’s Cross Central developer Argent has submitted plans for the fourth residential development on the 67-acre site in London, with plans to deliver 143 affordable homes.
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Boris call for clarity on 1.9m sq ft Chelsea Barracks plan
14 February 2011
The mayor of London’s office has demanded minor changes to Qatari Diar’s outline plans for the redevelopment of the Chelsea Barracks.
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Land values reach plateau
11 February 2011
The rate of growth in English residential development land values slowed sharply in the final quarter of 2010, says Knight Frank
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Meath grief leaves poor complaints structure exposed
11 February 2011
Leaking pipes and bad management cost residents £1m at east London scheme
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Mortgage approvals at 2009 level
11 February 2011
Mortgage approvals have fallen to their lowest level since February 2009 when the market was just emerging from the worst of the credit crunch
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Ritchie and Palos primed for more
11 February 2011
Entrepreneurs Bruce Ritchie and Brett Palos, are back in the market to buy more assets less than a year after completing one of London’s biggest residential investment purchases
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Sunbury rises with Pretek order
11 February 2011
Pretek Precision Homes, an “eco-responsible” housebuilder, has received its first order for its factory in Walker Park, Blackburn
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Gladedale Capital starts next Quartermile phase
10 February 2011
Gladedale Capital has started work on the next phase of development at its Quartermile mixed-use development in Edinburgh.
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Buy-to-let lending rose by 22% in 2010, CML says
10 February 2011
Lending for buy-to-let property investment was 22% higher in 2010 than in 2009, figures from the Council of Mortgage Lenders have shown.
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Pension funds and insurance companies poised to invest £1bn in homes for rent
10 February 2011
Pension funds and insurance companies are poised to invest £1bn each in building homes for rent in London, according to the British Property Federation (BPF).
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Grainger secures £100m debt facility from Prudential arm
9 February 2011
Grainger has secured a £100m debt facility from M&G, an arm of insurance giant Prudential
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Heavy-hitters make the cut for Oxford homes development
8 February 2011
Oxford City Council has announced a shortlist of four high-profile property companies that could be picked to build up to 1,000 homes in Barton.
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Boris launches plans to widen Olympic legacy area
8 February 2011
Plans to merge the Olympic Park Legacy Company with the Mayor of London’s office and expand its remit beyond the Queen Elizabeth Olympic Park have been published for consultation this week.
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Grainger buys discounted MoD portfolio for £18.5m
4 February 2011
Listed residential landlord Grainger has bought a portfolio of 317 properties, developed for the Ministry of Defence, for £18.5m from Invista.
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Second phase of Surrey regeneration to begin this month
4 February 2011
Residential developer A2Dominion has completed the first phase of its £50m regeneration project, Stanwell New Start, in Surrey.
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House prices rise marginally in the new year
4 February 2011
House prices were up 0.8% in January compared to a 1.3% decline in December 2010, according to the Halifax House Price Index.
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Are householders ready to live in eco-friendly homes?
04 February 2011
The 2016 target for zero carbon on new-build homes is challenging and costly
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Budget deficit cuts will exacerbate north-south divide
04 February 2011
Centre for Cities report highlights Liverpool and Milton Keynes
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Databank: renters stung in affluent Cambridge
04 February 2011
Cambridge rents are noticeably higher than comparable locations
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Liverpool's tallest building in administration
3 February 2011
Liverpool tallest building has been placed into administration.
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Agents sought for Lloyds Banking Group homes legacy
3 February 2011
Lloyds Banking Group is on the verge of appointing consultants to asset manage vast residential portfolios that have breached loan covenants or have been repossessed by the bank.
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Taylor Wimpey appoints HCA board member as non-executive director
3 February 2011
Taylor Wimpey has appointed a Homes and Communities Agency board member as an independent non-executive director.
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Lord Freud hits back at housing benefit cuts critics
2 February 2011
Lord Freud, the Welfare Reform Minister, today hit back at critics of the coalition’s plans to cut housing benefit and rejected claims that the proposals would lead to an exodus of private landlords from the housing benefit sector.
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Benefit cuts to spark social landlord exodus
2 February 2011
New research by the British Property Federation has found that nine in ten social landlords are unwilling to cut rents in line with housing benefits cuts, a trend which could spark an exodus from the sector.
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3,205 new London homes stalled
1 February 2011
Up to 3,205 homes in London are on hold until development finance can be secured, according to research published today by CB Richard Ellis.
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Pramerica forms €82m Swedish residential JV
31 January 2011
Pramerica Real Estate Investors has formed a €82m (SEK725m) residential conversion and development joint venture with Swedish property manager Aros Management.
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Unite wins consent for north London student flats
31 January 2011
Student housing developer and manager Unite Group has won consent for a 524-bed accommodation scheme in north London.
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Broad outline
28 January 2011
Countryside Properties has secured a resolution to grant outline consent from Horsham District Council for the development of 963 family homes at Broadbridge Heath, near Horsham in West Sussex.The proposal includes a new primary school, community buildings and some commercial space. “We are confident that this development can be brought to fruition within a reasonable timescale,” says Countryside director John Oldham.
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Gold-plated property for the ‘haves’ of the world, as first rung of ladder eludes ‘have-nots’
28 January 2011
Success of luxury home developers like Earlcrown highlights huge disparity between prime and entry-level residential
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Super Hans
28 January 2011
Finchatton has secured planning permission for 12 flats at 5-56 Hans Place (right), in London’s Knightsbridge
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Chesterton Humberts: House Price Poll of Polls - December 2010
27 January 2011
House prices fall by 0.6% in December but increase by 6.4% in 2010 overall
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Corestate sells €39m German resi portfolio
27 January 2011
Specialist private equity investor Corestate has sold a portfolio of Berlin apartments for €39m.
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Lloyds Banking Group's Walsh becomes Council of Mortgage Lenders chairman
25 January 2011
Colin Walsh, managing director of Lloyds Banking Group Mortgages, today became chairman of the Council of Mortgage Lenders.
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St Modwen JV wins major RAF site consent
25 January 2011
VSM Estates, the joint venture between St Modwen Properties and VINCI, has won outline consent to redevelop the 110-acre former RAF Uxbridge base – one of the largest development sites in west London.
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Property leaders lobby coalition on housing benefit payment
21 January 2011
Property leaders urged coalition ministers to keep their pre-election pledge of restoring the direct payment of housing benefit to landlords after new figures today revealed that 11.7% of all UK rent went unpaid in December.
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Barratt leads revival in part-exchange
21 January 2011
Housebuilder uses secondhand swaps to drive new sales
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CABE review: eight in Beds together
21 January 2011
Fairfield Park, Stotfold, Bedfordshire
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Coast hopes to cream off Devon holiday homes
21 January 2011
Coast Group has revealed a new rental income guarantee scheme to tempt prospective property owners to Gara Rock, a luxury holiday retreat on the south Devon coast
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Prime London lettings resurgence
21 January 2011
Prime London rents rose 2.2% in the final quarter to take the annual increase to 16%, says Knight Frank
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Small builders suffer
21 January 2011
Small builders are increasingly concerned about red tape and the drive for sustainability, research from the National House-Building Council (NHBC) says
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AWG Property secures South Ayrshire permission
20 January 2011
AWG Property, the property development arm of Anglian Water Group, has be given the go-ahead to develop 495 new homes in South Ayrshire.
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Boris nod for student housing at King’s Cross
18 January 2011
London mayor Boris Johnson has granted planning permission for 657 beds of student accommodation at the King’s Cross Central development in London.
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Outlook for house prices 'remains mixed'
18 January 2011
The level of completed house sales “stabilised” at the end of 2010 but the outlook for the residential market remains mixed, says the RICS.
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House prices 'continue to slide'
14 January 2011
House prices and market activity continue to slide, according to new figures from LSL Property Services, which warns of a widening north-south divide.
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Plans submitted for Downing's Leeds student flat scheme
14 January 2011
Plans for the £40m redevelopment of a four-acre site in Leeds city centre’s Civic Quarter have been submitted to the city council.
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Databank: Britain’s hotspots
14 January 2011 upload
In a period of extremely low transactional activity, the accuracy and reliability of house price indices have come under heightened scrutiny
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Green light for South Acton
14 January 2011 upload
Countryside Properties and London & Quadrant, the housing association, have won detailed planning consent for the first phase in the regeneration of the South Acton Estate in Ealing, west London
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Landlords to up rents
14 January 2011 upload
Four out of 10 private landlords plan to increase the rent they charge tenants this year on the back of strong tenant demand, says Paragon
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No mortgage respite for first-time buyers
14 January 2011 upload
“Almost-flat lending is the new norm” Hometrack boss warns
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Home Builders Federation: New Housing Pipeline Quarterly Report - December 2010
13 January 2011
A modest pick-up in the number of residential units being granted planning approval lost momentum during the second and third quarters of this year.
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CapCo faces "localist" stumbling block
12 January 2011
Capital & Counties has hit a fresh planning hurdle in its proposed 67-acre redevelopment of the Earl’s Court area in west London.
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Barratt to launch parent loan scheme
12 January 2011
House builder Barratt has teamed up with Hitachi Capital to offer £50,000 loans to parents wanting to buy Barratt homes for their children.
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NAV at Unite's student accommodation fund rises
11 January 2011
Net asset value in Unite Group’s UK Student Accommodation Fund (USAF) rose by 1.1% in the last quarter of 2010, the student accommodation developer and manager said today.
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Crown Estate Board approves sale of four key worker estates to Peabody
11 January 2011
The sale of four key worker housing estates to London housing association Peabody has been approved by The Crown Estate Board.
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Free white paper: Empty property - Protect and Survive
10 January 2011
Owners of more than three-quarters of UK properties are at risk if their building is extensively damaged, because they don’t have the right insurance. And even worse, they don’t know they’re at risk.
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House prices fell further at the end of 2010
10 January 2011
House prices fell by an average 1.3% in the last month of 2010, the Halifax House Price Index has said.
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Persimmon chairman White to leave the company
10 January 2011
Persimmon chairman John White is to resign from the company this year, having been at the house-builder for more than 30 years.
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Almacantar Lord’s it over rivals at home of England cricket
07 January 2011
At least one Mike Hussey is happy with English cricket, as former LandSecs man enters exclusive talks
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Databank: boom in London rents subsides
07 January 2011
The London lettings market has undergone a transformation in its fortunes over the past 18 months
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Spanish regional banks spark ticking bailout timebomb
07 January 2011
Despite the best efforts of the European Financial Stability Facility, it was evident even before the ink had dried on the Irish bailout agreement that the contagion could not be contained
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McLaren Construction Group launches new property division
6 January 2011
McLaren Construction Group has launched a new property division which will target development opportunities in the retail, student accommodation, hotel, mixed-use, leisure and London residential markets.
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Home Builders' Federation: Building a Recovery - December 2010
5 January 2011
Our housing crisis has been created by a chronic lack of supply over the last few decades, exacerbated recently by other more temporary economic factors.
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Parkside Place preferred bidder announced
5 January 2011
Grosvenor Developments has chosen Willmott Dixon as preferred bidder for the £17.5m Parkside Place project in Cambridge.
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The biggest property stories of 2010...who made the list?
31 December 2010
Almost two million of you (1,940,040) visited PropertyWeek.com during 2010 - looking at a combined total of more than 10 million pages….but what were you looking at?
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House prices rose in December - the first rise since May
31 December 2010
House prices have risen by 0.4% in December, representing the first rise in prices since May.
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House prices down 0.6%
30 December 2010
House prices fell by half a percent in November compared with the previous month, according to the latest data from the Land Registry.
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Tackling the housing crisis would create £1.2bn annual regional investment
30 December 2010
Tackling the housing crisis will lead to a £1.2bn annual investment in local communities and the creation of 216,000 jobs, research by the Home Builders Federation has found.
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North of England faces deepest housing crisis
29 December 2010
The north of England is experiencing some of the lowest levels of new housing development starts and housing transactions, and some of the highest levels of repossession in the country, research by Savills has found.
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Almost 75% of houses worth less now than start of 2010
27 December 2010
Nearly three quarters of the country saw house prices end 2010 lower than at the start of the year in a fragile market that continues to be skewed by weak demand and mortgage finance, says Hometrack.
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November increase in mortgage lending at ten year low
23 December 2010
The increase in net mortgage lending in November was £1.5bn, the smallest increase in over ten years, figures from the British Bankers’ Association have shown.
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House prices to fall 2% next year says RICS
22 December 2010
House prices are likely to fall 2% during 2011 with the low level of mortgage availability keeping a peg on transactions, according to the RICS.
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Average price of new homes up 4% this month
21 December 2010
Average prices of new homes rose 4% in November despite a trebling of stock placed on the market by housebuilders over the past three months.
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Berkeley opens up Aldgate
17 December 2010
Pidgley’s housebuilder buys seven acre regeneration site on City fringe from receiver
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CABE review: Cargo has it all
17 December 2010
Cargo’s strong identity sets the bar for future development along Plymouth’s waterfront
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Coalition’s regeneration plans need grand redesign
17 December 2010
Centre for Cities calls for new Transformation Fund
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Crown’s palace sells for £6m after Chester Row saves development
17 December 2010
Developer Chester Row has sold 21 Leys Road on the Crown Estate in Oxshott, Surrey, to a private buyer for £6m
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Lenders loosen but house prices still fall
17 December 2010
House prices fell 0.1% in November as the rate of decline picked up over the past three months, the Halifax said last week
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Lack of demand hits house prices
14 December 2010
Further signs of a faltering house market emerged this morning with the latest RICS figures betraying a widespread lack of demand.
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Sherley-Dale’s JMS buys Earls Court building for student housing
10 December 2010
Michael Sherley-Dale’s JMS Estates has bought an historic, vacant building near London’s Earls Court to convert into student housing.
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First Base and RPS Capital Partners enter £150m London residential JV
10 December 2010
Urban development firm First Base and residential fund manager RPS Capital Partners have teamed up to develop £150m-worth of residential projects in London.
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Bank of Scotland to launch residential property derivatives range
10 December 2010
Bank of Scotland is to launch a range of residential property derivatives aimed at retail investors, the Financial Times reported at the weekend.
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University cuts cast a shadow over student sector
10 December 2010
Cracks begin to show in property’s favourite sector
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St Modwen and HCA sign £400m Weston development agreement
9 December 2010
St Modwen and the Homes and Communities Agency have today signed a development agreement which gives the green light to the first phase of a £400m regeneration scheme near Weston-super-Mare.
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Westbrook cleared of harassment claims
9 December 2010
Westbrook Holdings was yesterday cleared of criminally harassing a tenant at Dolphin Square, London’s biggest single private apartment block.
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House prices continued to fall in November
9 December 2010
House prices fell by 0.1% November, continuing a trend of declining prices off the back of reduced demand and increased supply, the Halifax House price index said today.
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Wandsworth rejects Tooting hospital scheme
8 December 2010
Wandsworth borough council has rejected plans for a mixed-use development at Springfield Hospital in Tooting, London.
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One Hyde Park developer opens new Knightsbridge tube station
8 December 2010
Project Grande, the joint venture between Qatar and Christian Candy’s CPC Group, yesterday opened a newly designed entrance to Kensington Tube station to the public.
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Decline in consumer confidence has "levelled out" says Bellway
7 December 2010
The decline in consumer confidence appears to have levelled out following the government’s comprehensive spending review, housebuilder Bellway said today.
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Qatari Diar submits new outline plans for Chelsea Barracks
3 December 2010
Qatari Diar has submitted new outline plans for its proposed development of the former Chelsea Barracks in London.
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Mortgage market thaws
3 December 2010
Home buyers have seen the first chink of light in the mortgage market since before the election with a loosening of credit conditions and more generous loan-to-value ratios.
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Berkeley Group profits up nearly 20%
3 December 2010
Housebuilder Berkeley Group revealed an 18.5% increase in pre-tax profit over the past six months during an ‘elusive sustained recovery’.
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Central London resi back as safe haven for overseas investors
3 December 2010
Central London has reaffirmed its position as a safe haven for residential investors from the Eurozone and beyond.
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Databank: buy to let is the future
03 December 2010
It is likely that 2010 will be viewed as the year residential investment in the UK finally matured into a serious asset class
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Residential rents to continue to rise, says RICS
1 December 2010
Falling supply of new property to the residential rental market coupled with increased demand led to a rise in rents in the three months to the end of October, says the Royal Institution of Chartered Surveyors.
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Unite transfers £144m of student housing to fund
29 November 2010
Student accommodation developer Unite has sold £144m of assets into its UK Student Accommodation Fund.
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Mixed reaction to Shapps' regulation cutting proposals
26 November 2010
A move by housing minister Grant Shapps to cut regulation of residential development has prompted a mixed reaction from the sector.
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Age UK in Shapps attack
26 November 2010
Housing minister Grant Shapps has come under attack from Age UK over his proposed housing benefit cuts
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Cuts cause construction concern
26 November 2010
The impact of government spending cuts caused sentiment in the construction industry to “turn increasingly negative” in the third quarter, says the RICS.
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Next generation of sustainable housing wins plaudits
26 November 2010
CABE hails “vintage year” for housebuilding as developers start to take sustainability seriously
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Tenants' arrears dropped
26 November 2010
Tenant arrears dropped for the second consecutive month in October, reports LSL Property Services
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Thinktank’s plan to fund 1 million affordable houses
26 November 2010
Britain could build 1 million affordable housing units over the next five years and still slash government spending, if radical measures are taken to cut the cost of development land and the interest rates paid by social landlords
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UK tenants better off buying
26 November 2010
Renting a home is now more expensive than buying across 80% of Britain, claims Zoopla.co.uk
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Grainger cautious as it posts NAV rise
25 November 2010
Grainger’s net asset value rose 3.1% over the past year as improvements in the value of its central London and south-east focussed portfolio outperformed IPD and Halifax indices.
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Reuben brothers unwrap “Cucumber”
22 November 2010
The Reuben brothers are this week set to submit a revised planning application for a proposed 42-storey tower in Westminster.
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Homes and Communities Agency cuts £1.9bn funding for 13 schemes
22 November 2010
The Homes and Communities Agency (HCA) has today cut funding worth £1.9bn for 13 regeneration schemes across England.
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Derwent secures 19-storey student tower consent
22 November 2010
Derwent London has been granted planning permission for a 19-storey student accommodation scheme in Tower Hamlets.
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Candy's CPC launches high-end finance business
22 November 2010
Christian Candy’s CPC Group has joined forces with high-end mortgage provider Mortgage Centre IFA to launch a short-term financing business.
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4m sq ft of West End offices ‘lost’ to other uses
22 November 2010
More that 4m sq ft of offices in Westminster have been converted to other uses during the past 10 years, as West End landlords take advantage of prime housing and hotel values.
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More cheer for landlords as rents go up again and arrears fall
19 November 2010
Landlords had cause to celebrate in October as tenant arrears dropped significantly and rents rose for the ninth consecutive month, says LSL Property Services plc, which owns lettings agents Your Move and Reeds Rains.
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CABE praises "vintage year" for housing design
19 November 2010
Design watchdog the Commission for Architecture and the Built Environment (CABE) has hailed “a vintage year for housing design” after handing out a Building for Life award to 10 “exceptional” schemes.
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Grosvenor cuts agents to five
19 November 2010
Savills, CB Richard Ellis, Knight Frank, DTZ and Gerald Eve win
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CABE review: village goes green
19 November 2010
Rural community benefits from 10 affordable housing units that tick sustainability box
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Grainger pioneers “spirit of localism” at Newlands site
19 November 2010
Developer supports build to let with plans for homes in Hants scheme
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Incentives prompt city centre flat sales
19 November 2010
City centre flats have been synonymous with the buy-to-let boom and bust. But there are opportunities again for developers and even signs of an undersupply, claims King Sturge
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Oxford requires partner for homes
19 November 2010
Oxford City Council is seeking a private sector partner to build 1,000 homes in Barton, east Oxford
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Stylish design influences where people live, not postcodes
19 November 2010
Location, location, location has always been said to be key when influencing those buying a home.
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Government launches New Homes Bonus
12 November 2010
Housing minister Grant Shapps has today pledged nearly £1bn of funding for councils that give planning permission for new housing development.
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Benefits limit puts housing out of claimants’ reach
12 November 2010
British Property Federation says benefit reform will force tenants to move
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Databank: radical reform required after housing cuts
12 November 2010
The changes outlined in the Comprehensive Spending Review set the affordable housing sector an agenda of radical reform. This comes alongside the complete restructuring of the planning process
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DE&J Levy poaches Cluttons partner to set up new resi and mixed use division
11 November 2010
DE & J Levy is set to launch a new residential and mixed use development division after having poached a Cluttons’ partner.
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RICS survey suggests further housing market weakness
9 November 2010
Further signs of weakness in the house market emerged today with the latest RICS survey, which showed that new buyer enquiries dropped in October.
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Knight Frank: Green Homes 2010
8 November 2010
The requirement for all new-build homes to be built to a zero carbon standard by 2016 is beginning to look distinctly unrealistic.
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Residential Land hires former Cluttons senior partner
8 November 2010
Richard Cotton, the former senior partner at Cluttons, has been appointed as property director of Residential Land, central London’s largest private landlord.
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UPP completes £24m Kent student investment deal
5 November 2010
UPP has completed a £24m transaction with the University of Kent to build a new student accommodation facility.
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Barratt, Berkeley and co break ground in London
05 November 2010
Construction started on 6,784 private-sale homes on 101 development sites across London during the first nine months of 2010, says research consultant Molior London
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Databank: south Wales flats
05 November 2010
The rental markets in the south Wales cities of Cardiff, Swansea and Newport were as much at risk from oversupply as any of the big UK provincial centres during the apartment boom that ended so suddenly in 2007. Three years on, these centres appear to have proved more resilient than most
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Partner to pick up baton from fainthearted banks
05 November 2010
Mainstream banks may still baulk at the prospect of backing residential development. But their loss is others’ gain, particularly in central London, where demand outstrips supply and sterling’s weakness continues to attract overseas buyers
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Pidgley's new paradigm
05 November 2010
Tony Pidgley, Berkeley Group chairman, used the Movers and Shakers property forum in London on 21 October to reveal that the company is drawing up plans for its second residential investment fund in as many months
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Minister accuses landlords of "inflating prices"
4 November 2010
The row between Lord Freud and the property industry over the coalition’s housing benefit cuts escalated today when the Minister for Welfare Reform accused residential landlords of “inflating their prices” for benefit claimants.
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Redrow's Morgan warns government giving "medicine that threatens to kill the patient"
4 November 2010
The coalition government’s regulation of the mortgage market is “medicine that threatens to kill the patient”, Redrow chairman Steven Morgan said today.
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St Modwen starts first homes in £1bn West Midlands regeneration scheme
3 November 2010
St Modwen has started developing the first homes in the £1bn regeneration of Longbridge in the West Midlands.
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Landlords accuse coalition of 'fiddling figures' on housing benefit
3 November 2010
Residential landlords have accused the coalition’s Welfare Reform Minister Lord Freud of fiddling government figures to lay the blame for rising housing benefit bills at the doorstep of private sector investors.
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Full consent for £4.5bn Cricklewood scheme
29 October 2010
Barnet Council this week granted full consent for the £4.5bn Town Centre scheme in Brent Cross in Cricklewood, north London.
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Carsberg calls for agents to be regulated
29 October 2010
Cuts in social housing are likely to place more strain on a private-rented sector that is already subject to unprecedented tenant demand and shows signs of growing malpractice by rogue letting agents
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Cuts expected to hit transactions
29 October 2010
The latest figures from Revenue and Customs show housing transactions edged up in September and, over the third quarter, reached their best level for nearly a year
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Lifetime Homes are not built to endure change
29 October 2010
Last week’s Comprehensive Spending Review removed the assumption of “a council house for life”. It also draws attention to the types of housing needed
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London Rental Housing Company targets ‘sandwich class’
29 October 2010
The idea of build-to-let as one way of boosting the private-rented sector has been around for years without ever being taken up wholeheartedly. But one entrepreneur believes he can succeed where others have failed
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Prime prices fall in Edinburgh
29 October 2010
The average price of prime Edinburgh houses fell by 4.6% in the third quarter after a small upturn during the first six months of 2010, says Knight Frank. “Buyers simply will not view properties they consider to be overpriced,” says Matthew Munro, the firm’s head of Edinburgh city sales.
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Young Group finds regions ready for investment
29 October 2010
Young Group’s third quarter figures present a mixed outlook. Landlords surveyed by the fund manager indicate less confidence in prices remaining static or rising
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Crest Nicholson secures land and planning consent for South West London resi development
25 October 2010
Crest Nicholson has secured the land and planning consent for the redevelopment of a six hectare former brownfield site in Mitcham, South West London.
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Housebuilders waiting for 'autumn uplift'
22 October 2010
Housebuilders are still waiting for the traditional autumn uplift in the market to get development quotas back on track, according to the latest figures from the National House-Building Council (NHBC).
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Buy-to-letters led by experience
22 October 2010
Buy-to-let investors accounted for nearly one in five mortgages handled by intermediaries in the third quarter of 2010, says lender Paragon Mortgages. Of this buy-to-let business during the period, nearly half was comprised of experienced landlords expanding their portfolios and a third comprised those who were remortgaging. First-time landlords accounted for 16% of the intermediaries’ workload.
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Country prices continue to fall
22 October 2010
Prime country house prices fell on average by almost 1% in the third quarter, but are still 6% higher than they were a year ago, says Knight Frank.The firm’s country house index shows that the value of manor houses fell by 1.3% and farmhouses and cottage prices slipped by 0.6% and 0.8%, respectively. Prices fell in every part of England, and Knight Frank forecasts further falls in the final three months of 2010.
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Hamer hammers home importance of rogue agent regulation
22 October 2010
In light of public sector cuts, ombudsman supports protection of private-rented tenants
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Hempel worships at Yoo's temple
22 October 2010
Anouska Hempel is the latest high-profile designer to join Yoo, the residential design and branding group. Best known for her hotel and restaurant interiors, Hempel’s distinctive fusion of different cultures will be unveiled in a series of soon-to-be announced projects, says Yoo chairman John Hitchcox.
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Student halls go green in Bradford
22 October 2010
Listerhills, a joint venture between the Hayatt Group and Welbeck Land, hopes its student accommodation scheme in Bradford, the Green, will set new sustainability standards for the sector. It aims for the village complex to be the first student accommodation scheme to be rated BREEAM “outstanding”.The Green is on Bradford University’s campus and construction of the 34 houses and 101 flats is due for completion in September 2011.
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Berkeley Group looking at second residential fund
21 October 2010
Berkeley Group is working up plans to bring housing on several of its current development sites together for a second residential investment fund.
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Spending Review: Public sector cuts could lead to "dire situation" for private rented sector
20 October 2010
Lenders and fund managers today warned of rising residential rents and repossessions as a result of the public sector cuts in the coalition’s comprehensive spending review.
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September mortgage lending hits ten-year low as CML warns on cuts
20 October 2010
Gross mortgage lending in September was an estimated £12bn, the Council of Mortgage Lending said, the lowest September in the last ten years.
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Ombudsman calls for consumer legislation to be extended to letting agents
19 October 2010
The Property Ombudsman, Christopher Hamer today called for residential property letting agents to be brought under the same consumer redress law that governs sales agents.
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Property Standards Board throws in the towel
18 October 2010
The Property Standards Board has thrown in the towel barely a year after it was launched to improve residential property and protect consumers from cowboy sales and letting agents.
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Affordable housing could unlock £125bn to fund new homes
15 October 2010
A radical shake-up of the affordable housing sector could unlock up to £125bn that could be used to fund the development of new homes, according to new research.
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Residential rents hit record high
15 October 2010
Residential rents exceeded their pre-downturn peak in September to hit a record high, according to the latest figures from LSL Property Services.
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Databank: a land market divided
15 October 2010
Like the housing market, the land market is beginning to show signs of a short-term “second slip”, but the big story in the sector is the polarisation of performance between different types of land and different locations
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First-time buyers squeezed again
15 October 2010
Six months of improving credit conditions came to a halt in September with first-time buyers the worst affected by the renewed mortgage squeeze
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HDG Mansur reaches out to Bristol market
15 October 2010
The developer behind Finzels Reach, the 1m sq ft mixed-used scheme in Bristol, believes a dearth of new-build stock could help establish the area as a new “city quarter”
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No change in part exchange
15 October 2010
Part-exchange deals on new homes are here to stay, says housebuilder Seddon Homes
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North-south divide in house prices keeps widening
15 October 2010
The long-established north-south divide on house prices could widen as the UK emerges from the downturn, Hamptons International claims in its latest research paper
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Orient express
15 October 2010
British estate agents are heading east on roadshows for Asian investors, who are hungry for London residential property. Claer Barrett reports
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Pretek to build eco-home factory
15 October 2010
“Eco-responsible” homebuilder Pretek Precision Homes, has invested £8m to turn a former steel warehouse at Walker Park in Blackburn into the first sustainable housebuilding factory in the north. The factory has the capacity to build more than 3,000 “low-to-zero-energy-rated” homes a year for housing associations and developers.
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Mount Anvil gets green light for Highbury Park
13 October 2010
Specialist London residential developer and contractor Mount Anvil has secured planning permission this week to develop a prime site in Highbury Park in North London.
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Simons plan for Dorchester gets go-ahead
13 October 2010
Simons has won planning permission for a major town centre redevelopment in Dorchester in Dorset.
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Peel submits Rossfield Park North plans
12 October 2010
Peel Investments has submitted an outline planning application to Cheshire West and Chester Council for Rossfield Park North, an employment and housing development on 26.8 acres of land north of Ellesmere Port’s town centre.
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Ruskin Square plans launched
12 October 2010
Stanhope and Schroders have launched public consultation on their plans for Ruskin Square, a site next to East Croydon Station.
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Crown confirms housing sale to Peabody
12 October 2010
The Crown Estate has chosen London housing specialists Peabody to buy its Cumberland Market, Millbank, Victoria Park and Lee Green housing estates.
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Rockspring makes student housing debut
12 October 2010
Rockspring Property Investment Managers has made its debut student accommodation purchase.
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London Assembly raises Olympics 2012 legacy concerns
12 October 2010
The Olympic Park Legacy Company’s ability to maximise the economic benefits from the Olympic Park and the 2012 Games has been challenged by the London Assembly.
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RICS figures show weakening housing market
12 October 2010
Further signs of a weakening house market emerged this morning with the latest RICS figures showing prices dipping in September.
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Grainger predicts “challenging” conditions despite rise in values
8 October 2010
Grainger has warned that the country’s housing market will continue to be affected by the wider economy despite having seen a 4.5% year-on-year increase in its UK residential portfolio.
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Shell’s Carrington site earmarked for homes
8 October 2010
Trafford Council has named Shell’s Carrington site near Altringham as a strategic location for a residential-led regeneration scheme.
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Marathon investor could win gold
08 October 2010
Olympic Delivery Authority offers long-term investors the chance to be part of a new city in east London
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Peabody accepted by Crown for key worker estates
7 October 2010
The Peabody Trust is the frontrunner to buy four key worker estates in London which were put up for sale by the Crown Estate.
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House prices in September fall by biggest margin since records began
7 October 2010
House prices last month fell by the biggest margin since records began in 1985, the Halifax House Price Index has shown.
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AEW and Tristan enter Berlin residential property market
5 October 2010
EPISO, a value-added/opportunistic fund co-advised by AEW Europe and Tristan Capital Partners, has formed a joint venture with Caleus Capital Investors with plans to invest up to €300m over the next 18 months in residential investments in Berlin.
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HCA appoints Pat Ritchie as chief executive
5 October 2010
Pat Ritchie has today been appointed as interim chief executive of the Homes and Communities Agency (HCA).
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Conservative Conference 2010: Councils to scrap plans for 300,000 homes
4 October 2010
Local authorities look set to abandon plans for 300,000 houses following the government’s decision to abolish regional plans, according to the National Housing Federation.
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Peel submits plans for Liverpool Waters
4 October 2010
The Peel Group will today submit a planning application for its £5.5bn Liverpool Waters project.
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Castlevale submits planning application for Yorkshire homes
1 October 2010
Castlevale has submitted a formal planning application for a residential led scheme at Sowerby Gateway following an extensive period of public consultation in Yorkshire.
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UPP opens Exeter student digs
1 October 2010
UPP has opened the first phase of £133m student digs at the University of Exeter.
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Berkeley’s £150m London hat-trick
01 October 2010
Housebuilding supremo Tony Pidgley has pulled off a double coup, buying three sites in central London for nearly £150m
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Clegg heeds RESI 10 calls for new finance model
01 October 2010
Industry figures first to advocate tax-increment finance
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Cuts on cards for housing associations
01 October 2010
Housing associations have benefited from sources of capital – principally government grants but also benign banking loans – that are unavailable to private investors
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Developers set sail in 'unchartered waters'
01 October 2010
Veteran developers Gerald Ronson, chief executive of Heron International, and Berkeley Group chairman Tony Pidgley warned delegates of property “entering unchartered waters” and an industry in “crisis”, respectively
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Institutions ‘essential’ to residential investment
01 October 2010
Wellcome Trust’s Pereira-Gray hammers home importance of overcoming “tricky” future for sector at RESI 10
-
Redrow chief comes down on planning system like a ton of bricks
01 October 2010
If there is one thing guaranteed to make housebuilders uptight, it is the planning system, and they usually need no excuse to bemoan their plight to anyone who will listen
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What the experts homed in on …
01 October 2010
“I would like a seven-bedroom Georgian house with double garage in central London, and a swimming pool. But the only sense in which that demand means anything is about the ability and willingness to pay. I think we’re entering a period when the ability and willingness to pay is going to change on the downside and that’s going to have the effect of bringing down prices”
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Who was top of returns class at Invest with the Best
01 October 2010
Prime property pays, as proven by the Invest with the Best session at RESI 10, where three specialists each had to persuade the audience of how best to spend £3m in cash
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Basildon Council set to appoint Barratt and Wilson Bowden to 25-year regeneration project
30 September 2010
Basildon Council will next week be asked to approve Barratt Homes and Wilson Bowden as development partner for a major town centre regeneration project.
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AEGON secures more cash for healthcare fund
30 September 2010
AEGON Asset Management has secured two more institutional investors, through DTZ Investment Management, for its AEGON Target Healthcare Property Fund.
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Resi derivatives sellers fail to find buyers
28 September 2010
It was another quiet week in the Residential sector with pricing under pressure again as sellers failed to find any genuine buyers.
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PWTV: Derivatives imply 10% drop in residential market over the next two years
28 September 2010
Derivatives are implying a 10% drop in residential property prices over the next two years, Royal Bank of Scotland property derivatives trader Naomi Yarrow told Property Week today.
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Construction restarts on Grosvenor House apartments
27 September 2010
Construction work is to start again at the Park Lane Apartments next to the Grosvenor House Hotel in Park Lane in London.
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London residential and Asia drive Knight Frank profits up 168%
27 September 2010
Knight Frank grew profits by 168% in the last financial year, the company said today.
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Carlyle Group enters UK student housing market with £350m joint venture
27 September 2010
Private equity firm The Carlyle Group has entered the UK student housing market after forming a joint venture with Generation Estates Limited.
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Arsenal buries debt with Highbury property sales
24 September 2010
Arsenal Football Club has paid off all the debt used to develop apartments on its former stadium through sales of the flats.
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Native London and Grosvenor submit fresh Holland Park School plans
24 September 2010
Native Land and Grosvenor this week submitted a fresh planning application for luxury residential at London’s Holland Park School site at Campden Hill, which they bought earlier this year for £100m.
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Cuts to benefits could leave landlords in gutter
24 September 2010
Proposed cuts to local housing allowances will affect many landlords’ income and could add to homelessness, claims the National Landlords Association (NLA) after a survey of its members
-
David Phillips tables furniture rental subsidiary
24 September 2010
Furniture supplier founds rental arm to tap into period of austerity
-
Dragon creates £200m lux fund
24 September 2010
Dragons’ Den entrepreneur James Caan and Kam Babaee, CEO of residential developer K10 Group, have created a £200m luxury London homes venture.
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Hearthstone fires up £500m resi fund
24 September 2010
Hearthstone Investments, a residential property fund management group formed last year, is planning a £500m fund aimed at institutions and individual investors.
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Home truths: Doug Morrison
24 September 2010
Pickles must take his head out of the sand and recognise crisis
-
Lloyds sits tight on disposals and lending
24 September 2010
Bank’s resi chief says it made strategic decision not to dump distressed assets
-
London flatsharer’s £10m fund launch
24 September 2010
Urban Share, the London flatshare specialist, has launched a £10m investment fund to take advantage of surging demand for shared residential properties in the capital.
-
Native Land's Barclays finance
24 September 2010
A sign of bank finance returning to residential development was evident in London’s Chelsea this month
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New online marketing firm has big ambitions
24 September 2010
Online property marketing is changing fast
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New Term
24 September 2010
A planning application for a luxury residential scheme at London’s Holland Park School in west London.
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Ronson and Pidgley sound alarm over market prospects
24 September 2010
Residential development giants believe the industry is “in crisis” and is entering uncertain times.
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Soldiers fall in at new homes
24 September 2010
Defence Estates has created new housing for hundreds of soldiers returning from overseas duty, following the refurbishment of Woolwich Barracks in south-east London
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Supply causes house price fall
24 September 2010
A further increase in the supply of property to the market pushed house prices down for the second consecutive month in August, says the RICS in its latest survey.
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Thames Gateway ‘must return to local control’
24 September 2010
Local councils must take greater control of the Thames Gateway, the new official in charge of Communities and Local Government (CLG) said last week.
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GVA Grimley: Student Housing 2010
23 September 2010
The number of students attending higher education institutions in the UK has steadily increased from 1.6 to 2.4 million over the past 15 years, with growth strongest for full-time postgraduate and part-time undergraduate courses.
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RICS Housing Market Survey UK - August 2010
23 September 2010
The August RICS Housing Market Survey shows more surveyors continued to see falling rather than rising prices, with the headline price net balance declining from -8 to -32, the lowest reading since May 2009.
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Shapps beefs up “Right to Build” planning vote
23 September 2010
Housing minister Grant Shapps has strengthened measures that give local people the power to circumvent the planning process if they vote in favour of development.
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CBRE Investors gets Lincoln consent
23 September 2010
CBRE Investors has secured planning permission for the mixed-use regeneration of 30 acres of former industrial estate in Lincoln.
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Council rejects £120m Gravesend regeneration plan
21 September 2010
Gravesham Borough Council has rejected a planning application for the £120m development of the Heritage Quarter in Gravesend town centre in Kent.
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Clegg: Councils to get TIF powers in spending review
20 September 2010
Deputy prime minister Nick Clegg has announced that local authorities will be given the freedom to borrow against future tax increases in order to fund development.
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PWTV: Rented sector demand is beacon of hope for the regions, says Bloxham
17 September 2010
High demand for private rented accomodation is providing opportunities for the struggling regional residential sector, Tom Bloxham MBE said yesterday.
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MORNING AFTER: RESI 10 - the first day
17 September 2010
Around 850 residential property professionals descended on the Celtic Manor, Newport, for this year’s packed RESI 10 conference.
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DCLG's McCarthy says planning must be "bottom up" efficient
17 September 2010
Planning can be a more efficient process whilst also giving more power to the local community, Richard McCarthy, director general of housing and policy at the Department of Communities and Local Government, said yesterday.
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Brims Construction wins Toffee Factory contract
17 September 2010
North East firm Brims Construction has been chosen as the contractor to develop the former Maynard’s toffee factory in Newcastle’s Lower Ouseburn Valley.
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‘Dangerous’ landlords damage private sector
17 September 2010
Local authorities must prosecute landlords who flout tenant protection laws, says the National Landlords Association (NLA) following a damning investigation by Shelter
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CABE review: Rother a nice view
17 September 2010
Canklow, Rotherham: Local housing association provides coherent response to a challenging hillside site
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Edinburgh meets affordable housing needs in the middle
17 September 2010
Council appoints Cruden Group to develop proportion of homes for “mid-rent”
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Record numbers are Building for Life
17 September 2010
A record 55 housing schemes built this year have qualified for a Building for Life standard – the Commission for Architecture and the Built Environment’s (CABE) design benchmark.
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Rent to buy could help first-timers on to property ladder, says CB Richard Ellis
17 September 2010
Much effort has gone into promoting the private-rented sector, but it could also be the means of boosting the owner-occupation market rather than an end in itself, believes CB Richard Ellis
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Berkeley Group veteran makes sudden departure
16 September 2010
Tony Carey has abruptly left the board of Berkeley Group.
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Ronson warns property is 'entering unchartered waters'
16 September 2010
The property industry is moving into “unchartered waters”, Gerald Ronson, chief executive of developer Heron International, has warned.
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RAF Bentley Priory site to be redeveloped
16 September 2010
VSM Estates has been given permission to convert the former RAF Bentley Priory site in Harrow into a museum and residential homes.
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Outlook for private-rented sector is "very tricky"
16 September 2010
The outlook for the private rented sector is “very tricky” and institutional investors must be encouraged to invest to ensure it can grow to meet housing tenure demands.
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Redrow chief warns coalition 'localism threatens housing'
16 September 2010
Steve Morgan, founder and chairman of top five housebuilder Redrow, today warned the Coalition that its localism agenda was in danger of further slowing down residential development.
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Bootle predicts extended period of falling house prices
16 September 2010
Leading economist Roger Bootle kicked off Property Week’s RESI 10 event in Newport today with a sober analysis of a house market that is likely to remain fragile for some time.
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Foxtons founder launches residential investment company
14 September 2010
Jon Hunt, the founder of Foxtons, has launched a new residential property investment company.
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RICS appoints Richard Moxon as chair of UK World Regional Board
14 September 2010
Richard Moxon has been appointed chair of the Royal Institution of Chartered Surveyors UK World Regional Board, the largest RICS world region.
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House prices fall for second month
14 September 2010
House prices fell for the second consecutive month, according to figures released by the RICS today.
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Foxtons to open 20 new branches
13 September 2010
Foxtons has announced plans to open 20 new branches over the next three years.
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Property industry dismay as Treasury rules out tax changes
10 September 2010
The property industry reacted with dismay today after the Treasury ruled out making vital tax changes to boost the UK’s supply of homes to rent.
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Romford's Oldchuch granted planning permission
10 September 2010
Taylor Wimpey has been granted new planning permission for the Oldchurch Hospital site in Romford.
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Barratt's prospects in Plymouth
10 September 2010
Barratt Developments has won a tender to build the first phase of housing in Plymouth’s North Prospect area, one of the largest regeneration schemes in the south-west
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Berkeley commits to HCA scheme in ‘landmark deal’
10 September 2010
Government private-rent initiative finally gets off the ground almost two years after its inception
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Databank: south-west rental sector shines
10 September 2010
In an increasingly difficult business, the rental sector in the south-west continues to be one of the bright spots of the UK housing market
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Landlords quit smokers
10 September 2010
Smokers face a housing crisis because of growing intolerance of landlords, says Easyroommate.co.uk
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Market 'stabilising' despite fall
10 September 2010
The latest Nationwide monthly index shows a 0.9% fall in house prices for August, on top of a 0.5% fall in July
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Safestore locks in occupants
10 September 2010
Safestore, the self-storage company, claims it has seen “unprecedented levels of occupancy growth” in its business because of the rising number of homeowners selling up and moving into rented property to await the outcome of the downturn in house prices
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Exploring the Future of Housing
9 September 2010
The recession fundamentally altered the UK housing market. It is constrained by a lack of finance for individuals and businesses, a complexand resource-draining planning system and a deficit in the supply of new housing.
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Invesco launches third UK fund for German institutions
9 September 2010
Invesco Real Estate has launched and completed the first closing of its third UK fund for German-speaking institutional investors.
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Green light for Salford’s Radclyffe Park scheme
8 September 2010
Salford City Council has granted planning consent to LPC Living for a scheme in Ordsall that includes a Travelodge hotel and a 50,000 sq ft Morrisons store.
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Connaught administration concerns councils
8 September 2010
Local authorities are today looking at contingency plans for schemes after social housing company Connaught went into administration.
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Heron launches second phase of apartments in London
8 September 2010
Gerald Ronson’s Heron International will this week release the second phase of apartments at its 36-storey luxury residential tower in the City of London.
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HCA gives green light for 100 resi schemes
7 September 2010
The Homes and Communities Agency (HCA) today gave the green light to more than 100 residential schemes – totalling 5,400 new homes – after freeing up £186.77m of funding that had been frozen in the wake of the Coalition coming to power.
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Connaught suspends shares from London Stock Exchange
7 September 2010
To read the full story on www.PublicPropertyUK.com, click here: Connaught suspends shares from London Stock Exchange
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Wapping flats get go ahead
7 September 2010
Architect Hawkins\Brown has secured planning consent for change of use from offices to residential at the Grade II-listed Metropolitan Wharf in Wapping, east London.
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Kerslake switches to CLG post
6 September 2010
Homes and Communities Agency chief executive Sir Bob Kerslake is leaving to become permanent secretary at the Department for Communities and Local Government.
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Cowell in £60m London treble
03 September 2010
Property investor buys luxury flats in Chelsea, shops in Enfield and a Hilton in Queensway
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Databank: house price indices
03 September 2010
Once again, doom-mongers are predicting another double-digit fall in house prices, pointing to various monthly house price inflation measures to prove that the housing market is already falling
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Health secretary and Crest Nicholson set for High Court
03 September 2010
Dispute centres on “overage payment” at former Hertfordshire hospital
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Newport’s new look for RESI and Ryder Cup
03 September 2010
The first phase of Newport’s billion-pound riverfront regeneration was completed last week, in time for two key events the town is to host later this year
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Old housing targets may cause problems for government
03 September 2010
The government may have been quick to throw out Labour’s regional spatial strategies (RSS), but some local authorities are planning to adhere to the original housing targets they set
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Port of Leith’s ship comes in
03 September 2010
The Port of Leith Housing Association has been granted planning permission by the City of Edinburgh Council to build more than 100 homes at Western Harbour in Newhaven
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Green light for Ealing's Green Man
2 September 2010
Ealing Council yesterday granted planning permission for the £136m regeneration of the run-down Green Man Lane estate.
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House prices fall further in August
2 September 2010
House prices fell for the second consecutive month in August, the Nationwide House Price Index said today, but falls are likely to remain “relatively modest.”
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Europa Capital and St Congar buy 100 acres in Gloucestershire
1 September 2010
The English Residential Land Partnership, Europa Capital and St Congar Land’s residential land vehicle, has bought a 100 acre land site near Brockworth in Gloucestershire.
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CABE Review: Ashton Green, Leicester
1 September 2010
Proposals for a 3,000 homes, employment uses, retail, education, community and health facilities by Leicester City Council. Designed by Taylor Young.
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Knight Frank's Second Home Revival: New-Build Second Homes Report 2010
31 August 2010
The second home market was one of the most resilient sectors of the housing market throughout the recent recession surprisingly so, perhaps.
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Three shortlisted for Lord's cricket ground redevelopment
27 August 2010
Native Land, Almacantar and Capital and Counties have made it through to the final stage of the competition to develop the first phase of a £400m regeneration of Lord’s cricket ground – the Vision for Lord’s.
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CABE review: more than one level to bungalows
27 August 2010
Hirst Gardens, Burnley Wood, BurnleySheltered housing scheme reinvents the bungalow and encourages independence for the elderly
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Chainbow finds missing link with comparison website
27 August 2010
Residential management company founds online price comparison website
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Good life assured with Holiday Property Bond
27 August 2010
Thousands of investors are turning to one of the unsung residential successes of recent years – Holiday Property Bond (HPB), a life assurance bond that measures its performance in holidays, rather than financial returns
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Unite achieves 8% NAV rise
26 August 2010
Student accommodation developer UNITE Group saw its net asset value rise by 8% in the first half of the year in a sign of continued strength in the sector.
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BURA set for voluntary liquidation
23 August 2010
The British Urban Regeneration Association (BURA) is set to go into voluntary liquidation, it has emerged today.
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Moorfield and Grainger form equity release jv
23 August 2010
Moorfield has bought a 50% stake in Grainger’s equity release investment business Sovereign Reversions.
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‘Year of the landlord’ to extend through 2011
20 August 2010
Tenants are bracing themselves for rent rises over the next year, judging by homes search website Rightmove’s latest consumer confidence survey.
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Databank: Students drive north
20 August 2010
The most high-profile casualty of the housing market downturn was the northern city centre flats market
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Housing minister could live to regret Shapps decisions
20 August 2010
When government ministers float radical property ideas during the summer recess, the industry is entitled to suspect the deftest of political spin: they want to gauge reaction before setting their full policy-making machine into motion
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Private-rented sector casts shadow over commercial
20 August 2010
Report values private-rented market at £500bn, putting pressure on government to support sector
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Rathbone Market green light after £13m boost
19 August 2010
The £180m Rathbone Market regeneration scheme in Newham in London has secured £13m funding to enable work on the project to begin.
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Victory for private property in Balfour inheritance case
19 August 2010
Property used for business purposes is exempt from inheritance tax, after a precedent was set in a victory for Lord Balfour’s descendents against HM Revenue & Customs.
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HCA included in unions’ list of “unfair” cuts
18 August 2010
Cuts to the Homes and Communities Agency and the Building Schools for the Future programme have made it onto a list of 100 “unfair” cuts, published by the Trades Union Congress today.
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Taylor Wimpey starts 3,300 homes Didcot development
18 August 2010
Taylor Wimpey has started work at the Great Western Park development to the west of Didcot, which will eventually see 3,330 houses built.
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Countryside Properties gets the go ahead in Barking
13 August 2010
Countryside Properties has been granted outline planning permission by the London Thames Gateway Development Corporation for Fresh Wharf in Barking.
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Berkeley Homes submits plans for One Tower Bridge
11 August 2010
Berkeley Homes has submitted plans for its One Tower Bridge mixed use and cultural site between London’s City Hall and Tower Bridge, on the south bank of the Thames.
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London flat prices outperform national average
9 August 2010
Flat prices in central London showed a 2.3% increase between the first and second quarter of 2010, according to land registry data released today.
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Federation of Master Builders: Housing Futures - Our Homes and Communities
6 August 2010
The housing system is intrinsically linked to almost every major area of government policy from the economy and taxation to the environment and education. It is driven by a huge range of factors from the behaviour of individuals to global economic forces.
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Brecon Beacons scheme lights ways for affordable housing
06 August 2010
Initiative that allows development on rural land deemed success after Crickhowell “exception site” hailed as exemplar
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Housing crisis could provoke social unrest
06 August 2010
New research by the London School of Economics and the Federation of Master Builders suggests there is capacity in existing communities to meet the UK’s housing demand by re-using small, empty sites of up to 2 ha
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Government misses key housing and planning targets
4 August 2010
The government is falling short on more than half of the targets for housing and planning imposed by the previous administration, show official documents published today.
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Shapps’ chief of staff joins HBF
4 August 2010
Housing minister Grant Shapps’ former chief of staff Tim Collins has joined the Home Builders Federation as deputy director of external affairs.
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St Modwen gets planning consent for £10m redevelopment of Sunderland glassworks site
4 August 2010
St. Modwen has received planning consent to transform a former glassworks site into a £10m mixed use development.
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BPF urges government to tackle council house crisis by restoring empty homes
4 August 2010
The British Property Federation (BPF) has urged the government to tackle the UK housing crisis by bringing empty homes back to life.
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House prices rise 0.6% in July
4 August 2010
House prices rose by 0.6% in July, the Halifax House Price Index said today, offsetting a fall of the same amount in June.
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Peel secures permission for £4.5bn Wirral scheme
4 August 2010
Peel has secured planning permission for the redevelopment of the East Float site which forms the heart of its £4.5bn Wirral Waters regeneration scheme in the north-west of England.
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Stalled housing developments secure investment from London mayor and HCA
3 August 2010
Stalled development projects which would deliver more than 500 affordable homes in London have today secured investment from the London mayor Boris Johnson and the Homes and Communities Agency (HCA).
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St Modwen and Persimmon in £300m housing joint venture
2 August 2010
St Modwen and housebuilder Persimmon have entered into a joint venture initially to develop 2,000 homes on seven sites owned by St Modwen.
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Carlyle makes £40m resi debut in Chelsea
30 July 2010
Private equity firm targets “resilient” sector with 50% stake in scheme
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CABE rates Islington gardens’ cheap and cheerful revival
30 July 2010
Radnor Street Gardens used to be a bleak part of Islington, north London, surrounded by one low-rise and two high-rise estates
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Hotbed’s £13.5m grounds for success
30 July 2010
Firm aims to raise £5m for second ground rent portfolio.Doug Morrison reports
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Lending up but still elusive
30 July 2010
The latest Council for Mortgage Lending figures show that lending is up by 7% from June 2009, but estate agency group LSL doubts that lenders are making it easier to obtain a mortgage
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Luxury flats buy for West Register
30 July 2010
RBS distressed assets unit takes in Charters scheme at cut price
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More tenants than ever before
30 July 2010
A record 50,480 tenants registered for rental accommodation during the second quarter of 2010, which reflects a 16% increase since the start of the year, says Countrywide
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Yorks "eco-town" site for sale
30 July 2010
The site of one of the former Labour government’s proposed “eco-towns” is up for sale
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Young Group: Private Rented Sector Market Update - Q2 2010
29 July 2010
The ongoing difficulties of securing funding for buy-to-let property purchases remains of concern to UK residential investors.
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Bank of England figures show mortgage lending remaining quiet
29 July 2010
Total mortgaging rose by £600m in June, the Bank of England’s lending figures showed today, but the number of loans approved fell in a sign that the lending market will remain quiet into autumn.
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HCA hit by £26m London-Wide Initiative cost
29 July 2010
The Homes and Communities Agency has been hit with a £26m cost due to the failure of a London homes development initiative.
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Development agreement paves way for Potters Fields
27 July 2010
The next step in the development of Potters Fields, the development site sandwiched between Tower Bridge and London’s City Hall, took place yesterday with the confirmation of a development agreement between Southwark Council and Berkeley Homes.
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UK Coal appoints Peel director to run restructured property division
26 July 2010
UK Coal, Britain’s largest coal mining company, has appointed Peel Holdings director Owen Michaelson to take over its property division following a structural overhaul of the business.
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Shapps unveils "Right to Build" planning reforms
23 July 2010
Housing minister Grant Shapps has today unveiled the government’s latest “localist” proposals for the planning system, which aim to let rural villagers decide where they want homes built.
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MoD proposes 1,650 homes for Bicester site
23 July 2010
Defence Estates, the Ministry of Defence’s property arm, is seeking planning consent for 1,650 homes to be built on its Graven Hill depot site near Bicester, Oxfordshire.
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Databank: RICS predicts prices to fall again
23 July 2010
Recent news on the housing market has been mixed. Activity levels are still depressed, following the expiry of the stamp duty holiday at the end of last year, and price indices show divergent trends.
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Developers turn down the volume in face of austerity
23 July 2010
Economic uncertainty and expected cuts in public subsidy of affordable housing are fostering a new spirit of pragmatism and innovation among housebuilders and housing associations when it comes to large-scale development
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Housebuilders call for HomeBuy reboot
23 July 2010
Industry fears putting off first-time buyers as Labour’s HomeBuy Direct finishes and mortgage deposits remain high
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Housebuilders call for HomeBuy reboot
23 July 2010
One of the old government’s boldest measures to boost the housing market – the shared equity initiative called HomeBuy Direct – is drawing to a close and by common consent in the industry the new Coalition needs to drum up a replacement scheme.
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London resi rents surge, says Knight Frank
21 July 2010
Residential landlords in London’s prime areas have seen a surge in rents over the past year, according to Knight Frank.
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London and Stamford buy in Battersea
21 July 2010
London & Stamford Property has bought apartments and car parking spaces at Bridges Wharf, Battersea, in south London.
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Mortgage lending up by 15% in June
20 July 2010
Gross mortgage lending in June was 15% higher than in May, figures from the Council of Mortgage Lenders have shown, but is still at a low level.
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Heron secures £115m loan for City resi tower
20 July 2010
Heron International has secured a £115m loan facility to finance the construction of The Heron, its residential development next to the Barbican in the City of London.
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Raynsford appointed Olympics homes company chairman
19 July 2010
Labour MP Nick Raynsford has been appointed chairman of Triathlon Homes, the company established to own and manage the affordable housing at in the Athletes’ Village in Stratford, east London, following the 2012 Olympics.
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Grainger unveils plans for Newlands
16 July 2010
Grainger has revealed the initial designs for the first phase of its residential led, mixed-use development in Newlands, Hampshire.
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British rents are highest in Europe
16 July 2010
The average monthly rent for a flat in Britain is £348 - the highest in Europe - but London is not the most expensive city to live in, says flatshare website Easyroommate.co.uk
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CABE review: Sevenoaks heaven
16 July 2010
Sevenoaks, Birkenhead: Wirral scheme uses local building traditions and careful planning to blend in
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Eastbank has HCA to thank
16 July 2010
Manchester Ship Canal Developments has secured £5m of Homes and Communities Agency funding to deliver the next “crucial” phase of its Eastbank regeneration project in Ancoats, Manchester
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House prices just Scot better
16 July 2010
Prime Scottish country houseHouse prices just Scot better prices have risen 1% over the past three months - the first quarterly increase since late 2007
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Hunter gathers backers for new developer de lux
16 July 2010
Northacre co-founder has created development company with a very different approach
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Barratt's Clare backs localism but raises housing policy concerns
14 July 2010
Barratt Developments is embracing the coalition’s localism agenda according to chief executive Mark Clare but he today called on the government to provide more detailed guidelines on its housing policy amid uncertain economic conditions.
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Plans submitted for Falkirk scheme
14 July 2010
British Waterways and Falkirk Council have submitted plans for 58-acre mixed use scheme on Forth & Clyde canal.
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Persimmon chief calls on coalition to issue planning guides
14 July 2010
Mike Farley, chief executive of leading housebuilder Persimmon, has added his voice to the chorus of disapproval over the Coalition’s failure to issue clear policy guidelines for housing development after revoking regional spatial strategies.
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Barratt cools housing recovery talk
14 July 2010
Barratt Developments today tempered the current talk of a UK housing recovery and said that the market is likely to remain challenging as a result of continued constraints on the availability of mortgage finance and overall economic concerns.
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Havering appoints Countryside Properties in Essex
13 July 2010
Havering Council has appointed Countryside Properties and Notting Hill Housing Trust to build 170 new homes in Essex.
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MCC shortlist five developers for luxury flats at Lord’s
13 July 2010
Marylebone Cricket Club (MCC) has shortlisted five development companies to build a residential scheme at Lord’s Cricket Ground in St John’s Wood, London.
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Partnership crucial to deliver affordable homes
13 July 2010
Partnership between the public and private sectors is crucial to delivery of affordable homes in the current economic climate, a debate has heard.
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Barclays provides student accomodation debt
13 July 2010
Barclays Corporate has provided £27.4m senior debt finance for Campus Living Villages to develop student accommodation at the University of Bedfordshire.
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Covent Garden Market Authority announces shortlist for a development partner
12 July 2010
The Covent Garden Market Authority (CGMA) has announced a shortlist of six developers for the £1bn redevelopment of the New Covent Garden Market in Nine Elms, on the south bank of the River Thames.
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£150m regeneration set to go ahead after Tesco drops challenge
12 July 2010
A £150m regeneration project in north Liverpool looks set to go ahead after Tesco announced it will not appeal a High Court ruling upholding planning refusal for a new supermarket on part of the site.
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A decent home is as important as good health and education
09 July 2010
If pressed for a one-word answer on the future of housing, most of us would choose “uncertain”.
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Databank: look beyond easy-build option
09 July 2010
The residential development land market is polarising: there is strong competition for some sites and no activity at all on others.
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FSA reins in sale-and-rent-back spivs
09 July 2010
Struggling homeowners given more protection
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Green light for Essex green belt works
09 July 2010
Communities and local government secretary Eric Pickles has sanctioned large-scale development in the Essex green belt, despite the government’s general stance of defending green belt land
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Savills' Spotlight on Student Housing - June 2010
8 July 2010
Will the associated risks involved dampen the attractiveness of investing in the student housing market in 2010?
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Zoopla strengthens online offer with three estate agency agreements
8 July 2010
Property website Zoopla.co.uk has strengthened its position in the online marketing arena by signing long term strategic partnerships with the UK’s three largest estate agency groups – Countrywide, LSL Property Services and Connells Group.
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HCA reveals 77 Kickstart schemes under review
6 July 2010
The Homes and Communities Agency has been forced to place 77 Kickstart-funded schemes under review, after they failed to secure a tranche of the £390m extra funding announced by the Treasury yesterday.
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Drivers Jonas Deloitte: London Student Housing Crane Survey 2010
5 July 2010
Student numbers studying at London’s universities have continued to grow and the supply of student accommodation in the capital remains tight. A year on from our first survey our latest research highlights that 2,490 bedspaces have completed in the last year across the capital.
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Drivers Jonas Deloitte: London Residential Crane Survey 2010
5 July 2010
The London housing market has seen a dramatic turnaround in recent months. The economic downturn hit the housebuilding industry hard, leaving developers faced with falling land values and low sales rates.
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Databank: central London’s Far Eastern appeal
02 July 2010
Mortgage providers only recently opened the door to realistically priced buy-to-let lending, and housebuilders have been focusing on creating products that appeal to owner-occupiers
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Elephant’s high-risers driven by views rather than wind
02 July 2010
Strata SE1, London’s tallest residential tower, reaches completion
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Kentish town tops Poundbury for placemaking
02 July 2010
Liberty Property Trust’s Kings Hill in Kent embodies the best of residential development when it comes to new, large-scale rural settlements, says CB Richard Ellis
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Knottingley ties up affordables
02 July 2010
Knottingley in West Yorkshire is to receive some affordable housing, following McInerney Homes’ strategy of joining forces with local housing associations
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London Square turns corner with £100m investment
02 July 2010
Chief exec reveals plans to build 600 homes a year in Greater London
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No end in sight for student bed shortage
02 July 2010
Student housing has performed strongly throughout the recession. It has been underpinned by a low supply of purpose-built halls, set against record numbers of people trying to secure places at UK universities - until now
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Speedier sales for repos
02 July 2010
The time taken to sell repossession homes is coming down, claims agent Spicerhaart
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Government blocks Minerva's 1m sq ft Ram plans
1 July 2010
The government today refused planning consent for Minerva’s 1m sq ft development plans at the Ram Brewery site in Wandsworth.
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Tesco loses appeal over Liverpool regeneration scheme
30 June 2010
A legal challenge by Tesco, which was blocking a major regeneration scheme in Liverpool, has been rejected by the High Court.
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Barclays Corporate backs Liverpool’s Iliad Group
30 June 2010
Barclays Corporate has provided senior debt finance to Liverpool-based developer the Iliad Group to develop a £38m student property development near Aston University in Birmingham.
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Government tells councils to set up local enterprise partnerships
29 June 2010
RDA replacements will have responsibility for planning, housing, transport and infrastructure. Local authorities have until 6 September to draw up plans for partnering with businesses.
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Terrace Hill begins marketing residential property fund
29 June 2010
Terrace Hill and Aegon have begun marketing for a residential investment fund that will be seeded with some of Terrace Hill’s assets.
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Minerva secures £107.5m of luxury apartment sales
29 June 2010
Minerva, the London commercial and residential developer, said this morning that it had sold 11 apartments at its Lancaster Gate scheme, overlooking Hyde Park, for £107.5m.
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London Square hires former Barratt finance chief
28 June 2010
London Square, the newly formed housebuilder backed by private equity firm Graphite Capital, has strengthened its management team with the appointment of City grandee and former Barratt Developments finance chief Mark Pain as chairman.
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Chelsea Barracks saga set to continue
25 June 2010
Christian Candy has won a High Court claim against Qatari Diar on the Chelsea Barracks project but failed in a bid for early payment of his £81m project fee.
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A new kind of home page
25 June 2010
It was only a matter of time before Google sought to exploit the growing importance of the online marketing of property
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If Carsberg did property regulation ...
25 June 2010
President of the E-Homebuying Forum squares up to “laissez faire” coalition
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Is ban on garden grabbing right?
25 June 2010
The government’s decision to save gardens from being built on has divided opinion. Is it right to protect such urban green spaces at the expense of housing supply?
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Native Land's Chelsea bundle
25 June 2010
Native Land has secured planning consent to convert 10,000 sq ft of offices on Old Church Street, Chelsea, London, into eight luxury flats
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Shared housing shake-up
25 June 2010
The National Landlords Association has welcomed last week’s announcement of a government consultation to end blanket shared housing planning regulations in favour of a more targeted approach
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Woods Lane goes green
25 June 2010
The East Midlands Renewable Energies Group is behind an ambitious scheme that aims to achieve level 5 in the government’s code for sustainable homes
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Area buys into Ronson's Heron resi tower
24 June 2010
Area Property Partners has bought a 40% stake in Gerald Ronson’s The Heron luxury residential tower.The New-York based investment firm has bought the stake in the 36-storey City of London tower which Ronson’s Heron International is about to start building.
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HCA Oxfordshire hospital site gets resi green light
24 June 2010
Plans to redevelop a derelict Oxfordshire hospital on Homes and Communities Agency land as part of a residential scheme has been given the go ahead.
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Henderson shows off plans for Bishop's Stortford
23 June 2010
Henderson Global Investors has opened its pre-application consultation for its planned £105m redevelopment scheme in Bishop’s Stortford, Hertfordshire.
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Liverpool student housing scheme makes the grade
23 June 2010
Liverpool-based developer EHA Developments has won planning permission from Liverpool City Council for a 354-bed student accomodation scheme at Chatham PLace in Edge Hill, Liverpool.
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CityBlock gets green light for student flats in Leicester
21 June 2010
CityBlock has secured planning permission for 76 student flats on a derelict site in Leicester city centre.
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Mortgage lending up 7% in May
18 June 2010
Gross mortgage lending totalled an estimated £11.3 billion in May according to the Council of Mortgage Lending.
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Asian investors lead demand for London resi
18 June 2010
Asian investors are leading international demand for residential investment property in central London and have spent a total of £761m over the past year, as they look for safe havens in the face of turbulent domestic markets.
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Asian buyers do their homework on London acquisitions
18 June 2010
A flood of UK property experts are heading to the Far East once again
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Barclay in Belgravia
18 June 2010
Publishing entrepreneur linked to purchase of former mansion near Buckingham Palace in a sign of continuing strong market
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CABE review: Barking bites back
18 June 2010
Barking Central: No longer isolated, the town centre is now a proud, vibrant home.
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Government backs £4.5bn Brent Cross Cricklewood regeneration
17 June 2010
The Government will not call in £4.5bn Brent Cross Cricklewood regeneration scheme, it was announced today.
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Countrywide buys Hamptons International
17 June 2010
Countrywide, the UK’s largest residential estate agency and property services group, today acquired upmarket agent Hamptons International from Dubai-based Emaar Properties.
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First homes completed at £31m development in Stanmore, North West London
16 June 2010
Social housing group, A2Dominion has completed the first phase of 14 affordable homes in Stanmore in north west London.
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Google enters property listings market
16 June 2010
Google, the world’s biggest search engine, today added residential property listings to its Google Maps service and claimed that the new feature already covers “hundreds of thousands” of homes for sale and rent.
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Wandsworth local plan gets Inspector's go-ahead
16 June 2010
A government inspector has given the all-clear to a central plank of Wandsworth council’s new planning framework which will guide development in the borough during the next 15 years.
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House prices edge up but HIPS abolition increases supply says RICS
15 June 2010
House prices edged up in May, but the government’s decision to abolish HIPS has given supply a boost, according to the RICS.
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Candy claims Qatari Diar deliberately deleted damaging emails
14 June 2010
Qatari Diar attempted to delete internal emails which damage it’s case against Christian Candy in the Chelsea Barracks trial, it was claimed in the High Court heard today.
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CABE calls on housebuilders to think outside the box
11 June 2010
“We just build boxes. Everything else is taxation.”
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Housing policy paralysis follows Pickles letter
11 June 2010
Councils in confusion after abolition of regional strategies confirmed
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Capital pains tax for property owners will drive investors out of market
11 June 2010
Government plans to increase capital gains tax could force a quarter of property investors out of the housing market, claims LSL Property Services, which owns the Your Move and Reeds Rains lettings agencies
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Databank: Capital pains tax for property owners
11 June 2010
Changes in taxation policy inevitably send ripples through the housing market, even though, in financial terms, their effect can be marginal
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Heron’s homecoming
11 June 2010
“We will start building ourselves and resurrect Heron Homes”, says Gerald Ronson
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Gresham House gets Merseyside consent
10 June 2010
It has been given planning consent for 441 houses and 35,000 sq ft of commercial space on the 28 acre site.Discussions are ongoing with several national housebuilders over the site.
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London & Stamford buys Battersea residential
8 June 2010
London & Stamford Property has bought 57 residential units at Bridges Wharf, including car parking spaces, on the south bank of the River Thames next to Battersea Heliport in London.
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LDA launches search for Gallions Quarter developers
7 June 2010
The London Development Agency (LDA) has begun a search for development partners for a site in the Albert Basin in east London’s Royal Docks.
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Former Barratt chairman launches residential development company
4 June 2010
The former regional chairman of Barratt London & Thames Gateway Adam Lawrence has launched a new residential development and has secured £100m funding.
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Coalition scraps HIPs
20 May 2010
The coalition today followed a long-held Conservative Party pledge to remove the requirement for homeowners in England and Wales to provide home information packs (HIPs) when selling their homes.
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Management shake-up at HCA
18 May 2010
A raft of management changes have been announced by the Homes and Communities Agency (HCA) in a bid to reduce costs by around £2m a year.
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Landmark Investments Group buys ground rent portfolio
18 May 2010
Bolton-based ground rent management and investment company Landmark Investments Group has increased its national ground rent portfolio with the purchase of residential units in St Austell, Cornwall.
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Qatari vs Candy: Chelsea Barracks plans withdrawal "necessary" court hears
17 May 2010
Withdrawing the original Chelsea Barracks application was necessary after Prince Charles' intervened in the project, the High Court heard today.
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Qatari Diar allegations "a shaggy dog story" says Candy lawyer
17 May 2010
Further damages will be sought from Qatari Diar if allegations that Christian Candy acted in bad faith on the Chelsea Barracks scheme fail, the High Court heard today.
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London house prices record first drop this year, Rightmove says
17 May 2010
London home sellers lowered asking prices for the first time this year in May as more properties were put on the market and tighter lending conditions restrained buying, Rightmove said.
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Evenbrook Group gets go ahead for 155 homes in Birmingham
14 May 2010
Evenbrook Group got the green light for 155 new homes at Browns Green in Handsworth Wood, Birmingham from Birmingham City Council last night.
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UPP preferred bidder on Kent campus revamp
14 May 2010
University Partnerships Programme has been selected as preferred bidder on a £26m student accommodation project for the University of Kent. The project will be UPP’s second for the university.
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Beeston named Taylor Wimpey non-exec chairman
14 May 2010
Taylor Wimpey has announced Kevin Beeston as non-executive chairman, starting on 1 July. He takes over from Norman Askew, who announced his intention to stand down in December last year and will leave the company on June 30.
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Palos pounces on £400m flats
14 May 2010
Entrepreneur Brett Palos has paid Lloyds Banking Group and Residential Land Holdings about £400m for 21 apartment blocks across central London in one of the biggest residential investment deals for years.
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Urban Splash cranks up residential development programme
14 May 2010
Urban Splash is cranking up its residential development programme once again after receiving a government-financed cash injection of nearly £40m on three of its key schemes.
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Battle-scarred urban warrior Bloxham turns landlord
14 May 2010
The recession has forced Tom Bloxham to find new sources of funding
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Databank: election effects
14 May 2010
New analysis of annual residential transaction levels over the past 50 years shows no direct correlation between a general election and turnover.
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Doubled CGT impact will be "less than expected"
13 May 2010
Companies will be able to mitigate the impact of the government's plan to double capital gains tax so the impact will "not be as great as first imagined", DTZ said today.
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Repossessions and arrears fall
13 May 2010
Repossessions and mortgages entering arrears both fell in the first quarter of the year, figures from the Council of Mortgage Lenders have shown.
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Buy-to-let lending falls 15% following stamp duty holiday ending
13 May 2010
The end of the stamp duty holiday in December 2009 meant that loans to buy-to-let investors were down 15% in the first three months of 2010, figures from the Council of Mortgage Lenders have shown.
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More cash for borrowers who buy to let
12 May 2010
The buy-to-let market is set for a strong rebound if demand for private rented accommodation continues to increase until 2014 as expected.
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Housing market improves in April says RICS
11 May 2010
"Spring optimism" helped lift the housing market despite election uncertainty, according to the RICS April UK Housing Market Survey.
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Genesis housing scheme in Stratford gets green light
11 May 2010
Genesis Housing Group has received planning permission for the construction of more than 700 canalside homes at its mixed-tenure scheme overlooking the Olympic site in Stratford, East London.
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The Citylets Belfast Rental Report - Issue 1, Q1 2010
7 May 2010
"The Private Rented Sector (PRS) is playing an increasingly significant role in the provision of housing in Northern Ireland. The latest figures from the Housing Executive show that the number of privately rented dwellings has risen from 28,600 in 1991 to 124,600 in 2009."
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Cowells got property talent
7 May 2010
Music mogul Simon Cowell’s brother Nicholas to start Property Week blog. Doug Morrison reports
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Databank: stock shortage rocks Brighton
7 May 2010
The Brighton and Hove city market sits on its own within Sussex and has its own seasonal trends that are not so evident within other towns in the county. Year on year, peak months are from March through to the end of September.
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Mount Anvil hammers home London resi recovery
7 May 2010
Further signs of the capital’s strengthening residential market come this week from specialist London developer and contractor Mount Anvil, which reports a 32% increase in pretax profits to £3.7m for the year to 31 December 2009
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Velux gets Kettering zero-carbon consent
6 May 2010
Global building materials firm Velux has won planning permission to develop its first zero-carbon homes in Rothwell, Kettering.
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Grainger agrees £34.25m takeover to boost equity release dominance
6 May 2010
Grainger has agreed to pay £34.25m to take over AIM-listed property finance company Sovereign Reversions.
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Midlands and north residential fund raises £3m
5 May 2010
Residential Property Recovery Fund, which will buy distressed and mispriced residential property in the Midlands and the north, has raised £3m at its first closing from individuals, corporates and pension investors.
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Cornish ‘eco-community’ takes shape
30 April 2010
Eco-Bos, the Egyptian-French-Cornish joint venture to develop 1,715 acres of clay works into an eco-town, will present its strategy framework to Cornwall Council today.
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Barratt’s Bristol green scheme
30 April 2010
Barratt Developments says it will complete “the most environmentally sustainable development ever built in Britain” three years ahead of the government’s target for all new housing to be zero carbon by 2016
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Bust in housebuilding follows every boom — regardless of government
30 April 2010
The housing shortage has been a recurring source of friction between the main political parties in the run-up to the election
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Forget owning homes, says forum
30 April 2010
Britain must renounce its obsession with home ownership and come up with new ways to meet housing demand, was the message at last week’s Housing Forum national conference
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Lib Dems new home tax slammed
30 April 2010
Liberal Democrat housing policy has been accused of being in “tatters” after the party admitted last week that it would levy VAT of between 5% and 7% on new homes, which are zero-rated at present
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Liberal Democrats’ ‘mansion tax’ analysed
30 April 2010
The polls are pointing to growing Lib Dem popularity and the party’s manifesto proposal for a 1% levy on properties worth more than £2m could come into force — but for good or bad?
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Milton Keynes ‘mega-housing’ starts
30 April 2010
Social landlord People for Places begins construction of 2,501 homes at country’s largest residential scheme, Brooklands
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Notting Hill goes to Clapham
30 April 2010
Notting Hill Housing Group has unveiled plans for an £80m mixed-use regeneration project in Clapham, south London
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Qatari ruler urged to appear at Chelsea Barracks trial by judge
29 April 2010
The ruler of Qatar has been urged to appear in the upcoming court case involving Chelsea Barracks and the Candy brothers.
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Consent granted for £56m Liverpool scheme
29 April 2010
Liverpool City Council has granted planning consent for a £56m mixed use scheme in the city centre.
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English Cities Fund gets green light for £180m Canning Town
27 April 2010
English Cities Fund has got planning permission for its £180m Rathbone Market scheme, part of the redevelopment of Canning Town centre in London.
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Osmond makes bid for Crest Nicholson
26 April 2010
Hugh Osmond’s new corporate acquisition vehicle confirmed this morning that it was in takeover talks with housebuilder Crest Nicholson.
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Countryside gets 2,500 homes Cambridge consent
23 April 2010
Countryside Properties has won detailed consent for the first phase of housing on the green belt at Glebe Farm, south of Cambridge, in what will become one of the city’s key development sites.
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Grosvenor to partner RBS on resi scheme
23 April 2010
Grosvenor has been confirmed as Royal Bank of Scotland’s partner to resume work at 3-10 Grosvenor Crescent, the residential project in Belgravia whose original developer collapsed into administration last year.
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Leighton & Henley eyes up London development sites
23 April 2010
Residential developer and investor Kerry Kearton-Gee’s Leighton & Henley has launched a new strategy to take advantage of the central London residential market.
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Anthony Lyons sells Hampstead home for record £43m
23 April 2010
Anthony Lyons, the entrepreneur who with his partners sold Earls Court & Olympia earlier this year, has sold his north London home for a record breaking £43m, to a private Russian investor.
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Countryside Properties appoints new chairman
23 April 2010
Countryside Properties has moved to strengthen its board following the death of its founder Alan Cherry in January.
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‘Easy-let’ agent offers online national service
23 April 2010
Letting agents have come under increasing attack amid industry and government calls for greater regulation of the private-rented sector
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1,000 acres for sale
23 April 2010
Lands Improvement has placed 1,000 acres of its agricultural and smaller strategic land holdings in England on the market as it focuses on brownfield and urban fringe sites
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Aberdeen buys second hall in maturing student market
23 April 2010
Aberdeen Property Investors has made its second student accommodation acquisition, paying Watkin Jones Group £16.5m for Quebec House in Kingston upon Thames, south-west London
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Residential rocks with best 2009 returns
23 April 2010
Latest Investment Property Databank data show outperformance of residential property compared with commercial
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Qatari Diar unveils new Chelsea Barracks masterplan
21 April 2010
Qatari Diar Real Estate Investment has unveiled its new masterplan for the redevelopment of the Chelsea Barracks site in London.
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Private equity group invests in United House
19 April 2010
Private equity firm LDC has bought a minority stake in social and private housing specialist United House to continue its expansion strategy.
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Evans Randall enters the UK residential market
19 April 2010
Evans Randall is to enter the prime London residential property market after tying up with residential development Northacre in a 50:50 partnership.
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TCN UK, Rotherham and Tesco take Renaissance forward
16 April 2010
Anglo-Dutch property company TCN UK has agreed terms with Rotherham Metropolitan Borough Council for its £40m development at the heart of the Yorkshire borough’s regeneration.
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Native Land and Grosvenor buy sites for affordable housing quota
16 April 2010
Native Land and Grosvenor have bought four south bank development sites to develop affordable housing.
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CABE review: Granville’s grandeur
16 April 2010
Granville New Homes: Redevelopment of historic Kilburn area is triumphant mix of old and new
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Election puts kibosh on ‘taskforce’ to regulate private-rented sector
16 April 2010
Time ran out for John Healey in his attempt to eradicate malpractice in the private-rented sector and boost consumer protection
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MoD site sold for resi conversion
16 April 2010
City & Country Group has paid Defence Estates £2.6m for a 23 acre former Ministry of Defence site in Bicester, Oxfordshire, which includes 17 grade II-listed buildings that date from the 1920s
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New build: It’s not a family affair
16 April 2010
The number of new family homes on the market has taken “a shocking nosedive” during the recession, says SmartNewHomes.com, which warns that the decline in output will worsen in 2010
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Notting Hill rrust’s green scheme
16 April 2010
Notting Hill Housing Trust and contractor United House claim to have raised the bar on eco-refurbishment of social-rented housing with 19 Sterndale Road in Hammersmith, west London (pictured)
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OneSearch founder slams councils as ‘anticompetitive’
16 April 2010
Park to campaign for “level playing field” for providers of search data
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Plans submitted for Cheshire listed property
15 April 2010
Bell Meadow Property Developments has submitted a planning application to restore the Grade II listed Somerford Booths Hall in Congleton, Cheshire.
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St Modwen gets green light for £1bn Newport scheme
14 April 2010
St Modwen has signed a section 106 agreement with Newport City Council for its £1bn redevelopment of the former Corus Llanwern steelworks near Newport in Wales, and will now go on site with the first phase of the vast scheme.
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Affordable homes given the go ahead at King's Cross
14 April 2010
Detailed plans for the first fully residential building at King's Cross Central were given the green light by Camden Council last week.
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Grainger increases sales pace
13 April 2010
Grainger, the UK’s largest listed residential property investor, raised 42% more money from sales in the six months to 31 March.
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Residential investment outperforms all property
13 April 2010
Residential investment property outperformed all asset classes in 2009 with total returns of 11%, Investment Property Databank (IPD) reported today.
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General Election uncertainty leads to surge in home sellers
13 April 2010
Surveyors have recorded the highest level of “vendor activity” since May 2007 – the peak of the market and the month before the introduction of home information packs – the RICS said today.
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Forest of Dean development plans get green light
9 April 2010
Forest of Dean District Council has given MMC Developments the go-ahead for a major mixed-use scheme near Lydney.
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Chichester sets new standard in green, affordable houses
9 April 2010
Graylingwell Park will ease town’s carbon footprint and housing shortage
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Databank: London primed
9 April 2010
Prime London locations have enjoyed sales value growth over the past nine months, but one often overlooked aspect of this rally is the fall in build costs
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Which housebuilders fear are the shape of things to come
9 April 2010
The Home Builders Federation chose its words carefully last week when it suggested that a government-backed set of minimum housing design and sustainability standards “raises concerns”
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Young Group: Private Rented Sector Market Update - Index Q1 2010
9 April 2010
"The latest Young Index survey of residential investment sentiment shows that landlords are seeing their property investments as an increasingly long term play. They are also cautiously optimistic about the future of the property market, especially in the capital.
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House prices rise after February blip
8 April 2010
House prices rose by 1.1% in March, the eighth rise in the last nine months, the Halifax House Price Index said today.
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Gatehouse buys student accommodation
7 April 2010
Gatehouse Bank, a London-based Shariah compliant investment bank, has bought two student accommodation properties for £29.2m at an initial yield of 6.84%.
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New lenders giving rivals a run for their money
7 April 2010
Three new banks are set to inject some life into the moribund mortgage market this year.
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HCA outlines "exceptional performance" in year-end figures
1 April 2010
Sir Bob Kerslake, chief executive of The Homes and Communities Agency (HCA) today hailed “an exceptional performance for housing starts and completions” for the group in the year to 31 March, 2010.
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Citygrove sells Currys store for 6%
1 April 2010
Citygrove, the leisure and retail developer, has sold a Currys store in High Wycombe.
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£37m Poole bridge puts wind in Holes Bay Basin sails
01 April 2010
South-west regeneration site progresses after second harbour crossing wins £14.4m government funding
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Databank: West Midlands woe
01 April 2010
You might think that the residential development land market has experienced enough upset over the past two years
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Mortgage lending increases
01 April 2010
Gross mortgage lending by high street banks rose £0.6bn to £8.6bn in February, the British Bankers Association reported last week
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The plan for investors is off plan
01 April 2010
Investors are turning to the new-build sector and buying properties off plan as a result of the “chronic” lack of supply in the wider housing market, claims Assetz
-
Larkfleet Homes submits Whittlesey East plans
31 March 2010
Larkfleet Homes has submitted plans for a mixed used development at Whittlesey East in Cambridgeshire.
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Renewed call for legislation to protect against letting agents
30 March 2010
Rising numbers of complaints by consumers against letting agents has prompted a renewed call for legislation to protect landlords and tenants.
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Kilmartin receivers sell two sites to Dandara
30 March 2010
The receivers of Kilmartin Property Group have sold 310 acres of land across two development sites to Dandara.
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Infinity buys urban living arm of Ask
30 March 2010
North-west property fund manager Infinity has teamed up with Spanish developer Levitt to buy residential company Abito from Ask Developments.
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The Wealth Report 2010 - Citibank and Knight Frank
26 March 2010
"Three years into the global housing market downturn, and at the tail end of the world’s worst recession for 70 years, we might have expected to see the beginning of a slow and measured property recovery. Instead, on the one hand, we have strong growth in London and huge uplifts in key Asian markets.On the other, prices were still falling last year in three-quarters of the locations featured in our Prime International Residential Index."
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HCA and NWDA pledge £84m for Pennines
26 March 2010
The Housing and Communities Agency (HCA) and the North West Regional Development Agency (NWDA) have pledged £84m to support housing and regeneration across Pennine Lancashire.
-
Boris gives go-ahead to controversial Southall Gas Works plans
26 March 2010
London Mayor Boris Johnson yesterday gave the green light to National Grid’s controversial plans to redevelop its Southall Gas Works site in west London into 3,750 homes.
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Auctions: will the ‘living room’ replace the ‘ballroom’?
26 March 2010
Zoopla claims the death of the traditional auction after its first online event
-
Buy-to-let interest in Essex
26 March 2010
Weston Homes reports a rise in buy-to-let interest among buyers at developments in Essex, including its QV scheme in Colchester and Morello Quarter in Basildon
-
Databank: St Albans is alive with commuters
26 March 2010
The rental market in the commuting zone north-west of London has performed well so far in 2010 — St Albans in particular
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Greater guarantees under new code for housebuilders
26 March 2010
A new code of practice aims to exclude cowboy builders
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Healey’s housing handouts
26 March 2010
Housing minister John Healey has confirmed the final distribution from the government’s £135m Housing and Planning Delivery Grant, which he claims will support councils in planning and building more homes
-
No reparations for faulty flat leaseholders
26 March 2010
One year on from our report of shoddy workmanship at a development in New Cross, south-east London, vital repairs still need to be carried out
-
RICS reports slackening in rental supply
26 March 2010
The supply of new properties coming on to the rental market has fallen for the second consecutive quarter, possibly bringing an end to the downward trend in rents since autumn 2008, says the RICS
-
UPP’s student scheme at King’s College London gets green light
24 March 2010
Student accommodation developer University Partnerships Programme (UPP) and King’s College London have been granted planning permission for a major student accommodation scheme by Southwark Council’s planning committee last night.
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Savills makes £23bn 'case' for new housing
23 March 2010
An extra 100,000 new homes built each year would put £23bn into government coffers over the life of the next parliament, according to research by Savills.
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Housing minister Healey warns against Tory rise of the Nimby
22 March 2010
Housing minister John Healey today raised the political stakes in housing with a warning that a vote for the Conservatives in the forthcoming election would be “the green light for Nimby shutters coming down”.
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“Value guarantee” at Cardiff flats
19 March 2010
Land Securities and Capital Shopping Centres are attempting to woo buyers with a “value guaranteed” offer on Hayes Apartments, the housing element of their St David’s development in Cardiff (pictured)
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Buy-to-let landlords call for clampdown on cowboy lenders and advisers
19 March 2010
Survey by LSL shows most landlords favour tougher regulation
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CABE review: A failure to connect
19 March 2010
Churchward Park, Swindon
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Databank: House prices hotspots
19 March 2010
Savills’ new house price research dispels myths about the relative merits of town vs country
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Galliard/Albany buys in NW3
19 March 2010
Technology company Smiths Group has sold a 57,279 sq ft office building and adjoining house at 765 Finchley Road in north London for £10.8m to a partnership between Galliard Homes and Albany Homes
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Home Truths: Doug Morrison
19 March 2010
‘Manifesto’ offers nothing new to solve housing crisis
-
Linden calling
19 March 2010
Galliford Try Homes’ Linden Homes subsidiary has begun work on London sites, among them George Row in Bermondsey (pictured), which will provide 400 homes by 2012.
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MIPIM ARCHIVE:No arguments over TIF at MIPIM
19 March 2010
Heavyweights agree that tax-increment financing could save regeneration
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Mayor gives go ahead to £4.5bn Brent Cross regeneration
12 March 2010
London mayor Boris Johnson, has approved plans for a major regeneration project, which will create a new town centre at Brent Cross in Cricklewood, north London.
-
Consortium set up to regenerate East Manchester
12 March 2010
Manchester City Council, New East Manchester (NEM) and Manchester City Football Club (MCFC) have signed a formal agreement to collaborate to create a transformation plan for east Manchester, focussed on the area around the City of Manchester stadium today.
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Databank: RICS housing market survey
12 March 2010
Distortions as a result of the termination of the stamp duty holiday on properties worth £125,000-£175,000 at the end of 2009 and the bad weather in 2009 still have some influence on the results of the RICS Housing Market Survey
-
Heron begins nest building in the City
12 March 2010
Construction starts on Gerald Ronson’s luxury residential tower
-
Industry unites to kick out cowboys
12 March 2010
The RICS, British Property Federation and agents associations join forces
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Housing minister John Healey launches planning green book
10 March 2010
Housing and planning minister John Healey said yesterday he had provided a "triple boost" for councils tackling climate change by updating planning rules, granting nearly £10m to improve green skills and backing further progress with the second wave of eco-towns.
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Politicians warned "wake up to housing crisis"
9 March 2010
Politicians were warned today that they need to “wake up to the mounting housing crisis” as the shortfall in supply approaches one million homes.
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Housing supply outstripping demand says RICS
9 March 2010
Housing supply is outstripping demand as new sales instructions outpaced buyer interest for the second consecutive month, according to the RICS.
-
CIT buys London residential site for £51m
8 March 2010
CIT Group has bought a residential site in London overlooking Regent’s Park and Primrose Hill in St John’s Wood for £51m.
-
Heron Plaza goes in for planning
5 March 2010
Gerald Ronson’s Heron International has submitted a planning application for its £500m Heron Plaza scheme in the city of London.
-
Barrie on the Barracks
5 March 2010
Come on Qataris and Candys – settle your differences today.
-
Cowboy agents and landlords back in the firing line
05 March 2010
RICS urges government to set up body to regulate housing industry
-
Databank: London’s land battle
05 March 2010
London land values have recovered as developers fight for scarce sites
-
Gangs cultivate rented homes for ‘cannabis factories’
05 March 2010
Landlords often pick up the tab for damages caused by criminal gangs using their property to grow cannabis
-
Gladedale adds new directors
05 March 2010
Housebuilder Gladedale has followed last year’s group restructuring with the appointment of senior directors to head its regional subsidiaries
-
Home Truths: Christopher Hamer
05 March 2010
Code of practice forms foundations of legislative structure for agents
-
Housing associations win £500m
05 March 2010
Housing minister John Healey has approved £500m of funding for housing associations to build 8,000 affordable housing units across every region in England and Wales
-
St Mary’s Island’s Kickstart
05 March 2010
Countryside Properties has secured £6.93m from the Kickstart programme to continue its residential development on St Mary’s Island, Chatham, Kent (pictured)
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Snow and stamp duty send house prices down 1.5%
4 March 2010
Lender says the snow and end to stamp duty relief caused prices to drop last month after months of rises
-
Unite shares plunge after results disappoint
3 March 2010
Shares in Unite Group, the student accommodation provider, plunged more than 10% today after it reported a disappointing set of annual results.
-
Boris Johnson unveils new housing strategy
27 February 2010
London mayor Boris Johnson pledged today to bring 3,000 empty homes back into use in a new London Housing Strategy published today.
-
Databank: the Bath rental market
26 February 2010
A resurgent sales market in the Somerset city is enticing tenants and landlords away from the rented sector
-
Land is new cash crop as investors plough in
26 February 2010
Farmland prices rose in the second half of 2009 as land once again became an attractive investment, and landowners’ reluctance to sell pushed supply to “exceptionally low” levels, says the latest RICS rural market survey
-
Operator hopes more staff Go Native
26 February 2010
Serviced flat provider takes over Unite’s Livocity properties
-
Redrow goes from Stalingrad to 19th-century England
26 February 2010
Housebuilder’s chief condemns Debut homes as it attempts to woo back customers with a more traditional-looking style
-
Report highlights flat shortage in Leeds
26 February 2010
Residential supply is slowing to a halt in Leeds, says a ground-breaking report this week
-
Rightmove’s worrying trend
26 February 2010
Property website Rightmove has revealed “a concerning trend” in its latest consumer confidence survey: 61% of current renters want to buy a property now but cannot afford to do so
-
Telford AIMs for £7.2m placing
26 February 2010
AIM-listed Telford Homes hopes to raise £7.2m in a share placing to develop private housing on two existing sites and buy four further sites in east London
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Is your estate agent taking 'bribes' from your lawyer?
24 February 2010
Solicitors have broken ranks to demand an end to members of their own profession paying 'bribes' to estate agents in exchange for being awarded conveyancing work.
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Buy, sell or stay in limbo? Making the right move is never easy but we have the answers...
22 February 2010
The property market is a-chatter. Demand is high, interest rates low and the number of houses on the market is minimal. So what on earth are we meant to do?
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Healey responds to government residential criticism
19 February 2010
Housing minister John Healey has responded to criticism of the government’s track record on residential supply with a scathing attack on Conservative proposals to ease the UK housing shortage.
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Barrie blogs on the Candys
19 February 2010
Interesting news that Christian Candy’s CPC Group has sold its Westminster headquarters on propertyweek.com today.
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January cold slows housebuilding recovery
19 February 2010
One of the coldest Januarys on record has slowed the recent recovery in house building volumes seen in the latter part of 2009, the National House-Building Council (NHBC) said today.
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CABE review: A modern-day hamlet
19 February 2010
Donnybrook Quarter: A refreshingly well-designed, high-density housing scheme in Tower Hamlets, east London
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Councils find homes funding doors hard to open
19 February 2010
Local authorities want to create more joint ventures with the private sector to fund new homes
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Databank: Investment market at a crossroads
19 February 2010
With income yields and capital growth constrained, the sector needs to evolve
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Energy company’s eco-homes
19 February 2010
Scottish & Southern Energy claims be the first utility company to build and monitor its own zero-carbon homes
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Grosvenor set for Belgravia retrieval
19 February 2010
Half-finished luxury scheme could return to estate for completion
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Hamptons applies itself
19 February 2010
Hamptons International claims to have become the first UK residential agent to launch an application for the iPhone.
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Persimmon build bridges in Kent
19 February 2010
Persimmon has won planning consent for 79 flats and houses — including 14 affordable housing units — on a 2.35 ha site at Bridgefield in Ashford, Kent
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Tenants ‘need help and protection’
19 February 2010
Survey finds that tenants are deprived of information about potential rogue landlords
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ZeroC option for Sussex barracks
19 February 2010
The Homes and Communities Agency has selected ZeroC Holdings as development partner at the former Roussillon Barracks in Chichester, West Sussex
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OFT calls for home-selling shake-up
18 February 2010
Residential estate agents came under renewed pressure today to improve customer service as the Office of Fair Trading (OFT) called for a shake-up in how homes are sold, including updating legislation to allow new entrants to the market.
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Mortgage lending hits ten-year low in January
18 February 2010
Mortgage lending in January declined to its lowest point in ten years last month, figures from the Council of Mortgage Lenders (CML) have shown.
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Telford Homes proposes £7.2m capital raising
18 February 2010
East London housebuilder Telford Homes is proposing a £7.2m capital raising in order to progress its development pipeline.
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London’s ‘stock-starved’ housing market reaches price record
15 February 2010
London home sellers raised asking prices to a record high this month as they took advantage of a “stock-starved” housing market, Rightmove Plc said.
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Application made for £137m regeneration of Ealing’s Green Man Lane
15 February 2010
Rydon and A2Dominion have submitted a planning application for the £137m regeneration of the Green Man Lane estate in West Ealing, London.
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GVA Grimley: Affordable Housing - how to achieve new provision
12 February 2010
"There is a stark imbalance between the rate of household formation and the provision of new housing. This has been exaggerated by the effects of the recession, which has highlighted the massive problems we now face in providing sufficient housing that is affordable."
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New East Manchester redraws West Gorton plans
12 February 2010
Urban regeneration company, New East Manchester has drawn up a revised plan for the future development of West Gorton.
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Kensington and Chelsea Council takes on Abu Dhabi royal family
12 February 2010
The Royal Borough of Kensington and Chelsea council is taking on the Abu Dhabi royal family in a spat over a hotel site in the borough.
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Databank: Good first-half display
12 February 2010
A look at expectations provides evidence of a price recovery
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Hamptons International Property Price Tracker
12 February 2010
"The pace of increasing prices moderated slightly in the final quarter of the year from the strong 5.3% gain witnessed in Q3-2009. The upward trend in pricing is still being driven by a lack of good quality stock in desirable areas, overall instruction levels finished the year 17% lower than the end of the prior year – whilst buyers were most certainly out in the market in force, total sales agreed increased 39%."
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HM Treasury: Investment in the UK private rented sector
12 February 2010
"The Government’s objective for housing policy in England is simple and fundamental – to ensure a decent home for all. We face significant long-term demographic pressures from a growing and more mobile population that will make meeting this objective more challenging. These housing pressures can impact on a broad range of economic andsocial policy objectives: delivering macroeconomic stability; helping households manage assets, savings and risk; meeting people’s housing aspirations; ...
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Buy-to-let lending up, arrears and possessions down, says CML
11 February 2010
Buy-to let-lending increased whilst mortgage arrears and bank possessions declined in the last quarter of 2009, the Council of Mortgage Lenders (CML) said today.
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Hamptons International launches iPhone app
11 February 2010
Hamptons International has become the first UK residential agency to launch an application for the iPhone.
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Galliford Try pays £4 for Bank of Scotland's 50% stake in London resi schemes
11 February 2010
Galliford Try has agreed to buy out Bank of Scotland from four London residential developments for £4.
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Chesterton Humberts’ Poll of Polls: The truth about residential property price trends
12 February 2010
"All of the eight major house prices indices showed monthly increases in house prices for the most recent month of data. However, only one of the house price indices showed growth in excess of 1.0% demonstrating the lacklustre strength of a seemingly stable house price recovery so far."
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Northacre founder and chief executive John Hunter leaves
9 February 2010
John Hunter, the co-founder of London residential developer Northacre, has left.
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City & Provincial Properties submits 1m sq ft Deptford masterplan
9 February 2010
City & Provincial Properties has submitted its plans for the 1m sq ft regeneration of the Wharves scheme in Deptford to the London Borough of Lewisham.
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House prices rise again but weather depresses activity says RICS
9 February 2010
House prices rose again in January but buyer interest and new instructions to sell property fell as bad weather hit activity in the market, according to the latest RICS UK Housing Market survey published today (9 February 2010).
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Government allocates £60m for “eco show homes”
8 February 2010
The government has stumped up £60m of cash to finance the building of 600 “eco-show-homes”.
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Crown submits plans for next step in Regent Street revamp
5 February 2010
The Crown Estate has submitted planning applications to Westminster City Council for the £200m redevelopment of two blocks on the west side of Regent Street.
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Banks tread carefully
5 February 2010
Banks will remain cautious about funding property transactions even when the economy recovers, reports Bank of England monetary policy committee member Andrew Sentance
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Bellway rings in land value changes
5 February 2010
Bellway has paid Telereal Trillium £4.55m for a former job centre that has planning consent for residential development on Wyfold Road in south-west London
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BPF fights plight of first-time buyers
5 February 2010
A key issue for the next government after the imminent general election will be to help first-time buyers to access mortgages, warned government adviser Nigel Hugill at the British Property Federation’s residential conference in London
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Databank: Land supply in East Anglia
5 February 2010
Forget “oven-ready” — sites must be “microwave-ready” to attract the best bids
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Gerald Eve Evebrief: Legal and Parliamentary
5 February 2010
"We report at items 6 and 7 of this edition the outcome of a study undertaken for the Government by Kingston University on development of back gardens, and the subsequent advice given to local planning authorities."
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New buy-to-let regulations under fire
5 February 2010
British Property Federation residential conference hears of worries over buy to let
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Overseas investors pile into capital resi fund
5 February 2010
South Africans take advantage of growth potential of prime London residential through London Central Portfolio vehicle
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House prices rise 10% from market bottom
4 February 2010
House prices have risen by 10% since the market bottom in April 2009, the Halifax House Price index said today.
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Roxylight rocks up at Camden Town Hall
4 February 2010
A joint venture led by Roxylight is the frontrunner to develop a site opposite London’s King’s Cross St Pancras station.
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Barclays provides £100m for affordable homes construction
1 February 2010
Barclays has provided Waterloo Housing Group with £100m in new debt finance to help finance the construction of 3,000 affordable homes.
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House prices set to rise by 6pc in 2010
1 February 2010
British house prices are set to rise 6pc this year, the Centre for Economics and Business Research has said, revising its forecast of two to four percent growth made only a month ago.
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Candys’ latest launch
29 January 2010
Interior design firm Candy & Candy has just completed its latest project: its first, bespoke “super-yacht”, Candyscape II
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Databank: Cheltenham rentals
29 January 2010
The gap between demand and availability continues to grow
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Dragon turns ‘no frills’ mortgage provider
29 January 2010
James Caan sets up internet mortgage lender
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Tiger Tiger operator pulls off rent feat feat
29 January 2010
Renegotiating with landlords has allowed Novus Leisure to sidestep a “prepack” and expand in the West End
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Mayor supports Battersea Power Station plans but raises affordable housing concerns
28 January 2010
Real Estate Opportunities plans for the £5.5bn redevelopment of Battersea Power Station do not comply with the London Plan, Boris Johnson said today, though he does "generally support" the plans.
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Asian investment triples prime London resi fund
28 January 2010
Open-ended residential property fund, The Prime London Capital Fund, has tripled its funds under management after significant investment from an Asian property company.
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Council of Mortgage lenders elects chairman and deputy
28 January 2010
Matthew Wyles, group distribution director at Nationwide building Society, has been re-elected as chairman of the Council of Mortgage Lenders.
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Green light for 1,500 homes Newbury Racecourse redevelopment
28 January 2010
West Berkshire Council yesterday granted planning permission for the major redevelopment of Newbury Racecourse, the home of the Hennessy Gold Cup.
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The Crown Estate mulls sale of four residential estates
27 January 2010
The Crown Estate is seeking approval from tenants to sell four residential estates in London.
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Church of England writes off £40m
26 January 2010
The Church of England has been forced to write off a £40m investment in a New York apartment complex that it made in summer 2007 just before the credit crunch.
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Masterplan for Colwyn Bay regeneration moves forward
26 January 2010
Conway Council has appointed spatial planning consultants DPP Shape to draw up a masterplan for Colwyn Bay town centre in Conwy, North Wales.
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£800m Waverley scheme gets go-ahead
26 January 2010
UK Coal has been given the green light for a massive regeneration scheme in Waverley, South Yorkshire that will include a new government campus.
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Blackie Ballantyne buys DTZ Scottish residential business
25 January 2010
Blackie Ballantyne, a new firm launched by former DTZ employees Cameron Blackie and Rory Ballantyne, has bought out the DTZ residential estate agency business in Scotland.
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House price rise hopes boosted as recession ends
25 January 2010
Britons appear more hopeful about house prices this year than they were at the start of 2009 Photo: PA Most Britons believe that house prices will rise this year as the country awaits official confirmation that the worst peacetime recession is finally over.
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CABE review: Priory disengagement
22 January 2010
Priory Place, Coventry - A city centre scheme featuring public spaces that failed to live up to its promise
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Databank: Developers detach themselves from flats
22 January 2010
Over the last decade, the average value of a UK home increased by as much as 120%
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Galliford Try starts to rebuild its land bank
22 January 2010
Galliford Try Homes plans to increase its output over the next three years by “taking advantage of land opportunities” across England
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Hewson attracted to green, green class of homes
22 January 2010
Former Grantchester director tells Doug Morrison why he is backing luxury developer Morpheus Nick Hewson, the serial entrepreneur and former Grantchester director, has turned his attention to luxury residential development by joining forces with Morpheus, the Knightsbridge-based company
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Housing shortage stretches to agents
22 January 2010
The number of available houses for sale per estate agency branch is now 63 — the lowest level for two years, says Rightmove
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Innocent’s new HQ showcases fruits of its labours
22 January 2010
Ladbroke Grove office takes smoothie maker’s growth forward
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Loungewear brand finds Bluewater a Juicy proposition
22 January 2010
Celebrity favourite Juicy Couture’s UK expansion to begin in Kent mall
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MoD prepares for final London push
22 January 2010
Defence Estates’ rationalisation plans near end as planning applications for Uxbridge and Mill Hill East sites are submitted
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Polpo brings variety to West End
22 January 2010
Former Caprice man Norman carves out niche with Italian-style tapas
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Tailor enters City market
22 January 2010
Gieves & Hawkes, the Savile Row tailor, has achieved two firsts this month
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Tax changes could exile whole companies, report warns
22 January 2010
More multinational occupiers could move their UK headquarters overseas if increases to both personal and corporate tax continue
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Mortgage lending rose 14% in December
21 January 2010
Mortgage lending across the UK rose 14% in December, bucking a historic trend of seasonal decline, the Council of Mortgage Lenders said today.
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Sheffield's Blundells first in north to offer Dragon Caan's loan scheme
21 January 2010
Leading Sheffield estate agent Blundells is the first in the North of England to launch “Dragon” James Caan’s interest-free loan scheme for buyers and sellers.
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UK house prices outpace inflation
20 January 2010
House prices have beaten inflation over the past 50 years although the cycle has varied widely over that time, according to a new study from Halifax, one of the UK’s largest mortgage lenders.
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Housing association buys Halifax site out of administration
19 January 2010
A local housing association has bought a 9.18-acre site at Gannex Mills at Elland, near Halifax.
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Homes at Heyford Park get go ahead
19 January 2010
Former RAF airbase Heyford Park in Oxfordshire has got planning consent for a residential redevelopment.
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Homes at Heyford Park get go ahead
19 January 2010
Former RAF airbase Heyford Park in Oxfordshire has got planning consent for a residential redevelopment.
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Databank: House price recovery may be on the way
15 January 2010
Buyer enquiries and credit are on the rise
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Home truths: Jonathan Vandermolen
15 January 2010
Investors count cost as capital’s housing bubble continues to burst
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London development starts to fly in face of downturn
15 January 2010
New starts set to continue in 2010, despite lack of finance
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Strickland offers Core values as new Peabody chair
15 January 2010
The head of City office developer Core is to bring his commercial nous to the social housing group
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Arsenal FC submits Emirates student halls tower plans
14 January 2010
Arsenal Football Club has submitted plans for a 25-storey student hall of residence next to the Emirates stadium.
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Barratt submits major Salisbury plan
14 January 2010
Barratt Developments has submitted a planning application for 525 homes and a 126-acre country park at Hampton Park in Bishopdown, Salisbury, following extensive public consultation.
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The Mansion Student Accommodation Fund launches
14 January 2010
The Mansion Student Accommodation Fund has launched and is searching for new assets following its listing on the Channel Island Stock Exchange last month.
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British Land to run buy-to-let homes fund
13 January 2010
British Land will expand rapidly its residential business under plans to manage a £300m buy-to-let fund being launched by a business spun out of law firm Charles Russell.
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Figures show blots on the landscape for house prices
13 January 2010
House prices fell in the North and the West Midlands in December as market activity dampened, exposing those regions where the recovery has been weakest.
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Loan at an end? You could still be in a fix
13 January 2010
Standard variable interest rates have become increasingly popular in recent months
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Government doubles council housing cash
11 January 2010
The government has almost doubled its investment in building new council housing in what it has labelled the largest spending in the sector “for at least two decades”, in a sign of Labour setting out its priorities compared to the Conservatives ahead of the election.
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BNP Paribas Real Estate creates new resi partnership
11 January 2010
BNP Paribas Real Estate has entered into a strategic partnership with Connells estate agency to grow its new homes business.
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Braemar Estates gets MD and Brum mandate
8 January 2010
Braemar Estates, the property asset management arm of Braemar Group, has appointed a new managing director and won the mandate to manage a Birmingham development.
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HCA appoints housebuilders, developers and contractors to panel
8 January 2010
The Homes and Communities Agency (HCA) has appointed a host of housebuilders, developers and contractors to its Delivery Partner Panel, which is aimed at streamlining development on publicly-owned land.
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A short recipe for maximising returns from your residential portfolio
8 January 2010
What residential property people commonly know as prime central London residential has had a surprisingly good year, all things considered
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Databank: north-south divide widens
8 January 2010
Following strong positive signals from the housing market in the south of England, builders are beginning to respond with substantial increases in unit starts
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HCA’s private rental hopes for 2010
8 January 2010
Is this the year that private rental emerges as an investment class in its own right in the eyes of institutional investors? The Homes and Communities Agency, for one, is banking on it
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Housebuilders to bank on land, rather than new starts
8 January 2010
Market predictions for 2010 remain gloomy, despite RICS optimism
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House prices in sixth consecutive rise
7 January 2010
House prices increased by 1% in between November and December according to the Halifax House Price Index, the sixth consecutive monthly rise.
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HCA funding boosts first council house building programme for 20 years
7 January 2010
The first UK council house building programme in 20 years has started on site following funding from the homes and Communities Agency.
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Invista's UK commercial property overview - December 2009
18 December 2009
"The direction of capital value movement has changed and point of inflection has occurred. Capital values are likely to stabilise over the next 6 months and thereafter remain broadly stable, although within the market there will remain a number of peaks and troughs as alternative sectors and regions of the UK perform quite differently moving forwards."
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Landmark case sees developers awarded damages from buyers who walked away as property values tumbled
6 January 2010
Bad news for off-plan buyers trying to escape the collapse in property values who thought abandoning their deposits in new-build developments would clear the slate of a dud investment.
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Strickland joins Peabody Trust
5 January 2010
Chris Strickland, chief executive of central London office developer CORE, has been appointed non-executive chairman of the Peabody Trust, one of the capital’s largest housing associations.
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Mortgage demand at new heights
5 January 2010
Bank of England figures show that 60,518 mortgages were taken out In November, with lending up by £1.5 billion
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Grosvenor sells £25m of apartments at One Park West
4 January 2010
Grosvenor, the Duke of Westminster’s property company, has sold more than £25m of the apartments at its One Park West residential scheme in Liverpool.
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Hulme redevelopment takes next step
4 January 2010
Manor Property Group has completed the purchase of land in Coupland Street, in Hulme, South Manchester for a £36m planned ‘community campus’ in Birley Fields in Hulme.
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Broad consensus that house prices are too high
4 January 2010
Britain's leading economists are almost unanimous in their view that house prices are still too high.
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House prices face decade of 'sobriety'
4 January 2010
House price growth threatens to be limited for the next 10 years because of the damaging legacy of the Noughties, new analysis suggests.
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Thousands to be saved from losing homes by closure of legal loophole
29 December 2009
Mortgage lenders will be barred from seizing a borrower’s property without a court order after the closure of a legal loophole, to be announced tomorrow.
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Government stumps up £311m for housing in the North and Midlands
23 December 2009
The government has allocated a £311m pot of cash to inject into housing regeneration underway in the North and the Midlands next year.
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Barrio North owners to open in Soho
18 December 2009
The owners of Barrio North in Islington have taken the former The Cattle Grid on Poland Street in London's Soho.
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House prices rose as resi towers thrived
18 December 2009
The Nationwide House Price Index ends 2009 on the up. But it has been a decade of highs and lows, punctuated by such noughties phenomena as residential towers, investment clubs, buy-to-let excess and unscrupulous sale-and-rentback predators. One thing remains the same now as 10 years ago: demand for housing is far greater than supply
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Urban Splash makes wave over decade
18 December 2009
The residential developer pioneered city living and now aims to perk up suburbs
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Wellcome Trust rewarded for residential property focus
16 December 2009
The benefit of investing in residential property was proved today when Wellcome Trust revealed that its residential-led property portfolio massively outperformed the market in the year to 30 September.
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Four parties leading the private rented sector fund drive
16 December 2009
The Homes and Communities Agency (HCA) said today that it anticipates significant fundraising activity to be undertaken in the first quarter of 2010 by lead consortia in its private rental sector initiative.
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House price bounce adds £39bn to values
16 December 2009
Homes across Britain gained £39.1bn in value over the past year, although signs of weakening sentiment could counter this autumn’s surprise recovery in the property market, according to property website data.
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Manor buys Leeds site to build 600 student apartments
15 December 2009
Yorkshire based Manor Property Group has bought a city centre site on North Street close to Leeds University campus to develop 600 student apartments.
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Supply increase fails to halt rising house prices
15 December 2009
A modest increase in the number of properties coming up for sale is having little effect on the housing market, as prices continue to rise, according to the RICS UK Housing Market survey published today.
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Peel submits Wirral Waters planning application
14 December 2009
Peel has today submitted the largest planning application in the UK for its East Float site which forms part of its £4.5bn.Wirral Waters development.
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Estate agents hit as crunch toll rises
14 December 2009
One in six estate agents has closed over the last year as the credit crunch takes its toll according to research by The Local Data Company.
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UK mortgage holders 'now £200 a month better off’
14 December 2009
Falling interest rates and lower mortgage payments mean a quarter of UK homeowners are at least £200 a month better off than this time last year, according to the Bank of England.
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Horseferry Road magistrates court is set to become luxury flats
11 December 2009
City of Westminster Magistrates' Court is set to be turned into a luxury housing development after Westminster City Council approved plans for both a contemporary and an alternative classical scheme last night.
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McCabe returns to mainstream resi
11 December 2009
Kevin McCabe’s Scarborough Group has returned to the mainstream residential sector with the acquisition of Milliners Wharf, a newly built apartment block in New Islington, Manchester.
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CABE commissions housebuilding’s big thinkers
11 December 2009
The housing boom was all about big profits and, too often, low quality. But with the UK locked in a downturn, now is the time to decide either to return to bad practice or strive to build decent homes for a growing population.
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CABE review: entrancing in Wolves
11 December 2009
A development on the edge of Wolverhampton city centre, completed in 2008, is an exemplary affordable housing scheme that won a Building for Life award last week
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CABE's No more toxic assets: Fresh thinking on housing quality
11 December 2009
"CABE has been warned to have low expectations about design quality when the housing market finally recovers from the recession. The warnings have come from housebuilders, professionals and public sector alike."
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Planning for students: vulnerable young people or transient trashers?
11 December 2009
“One man’s vibrant student community is another man’s ghetto,” is how one conference delegate summed up the student accommodation planning conundrum.
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Student accommodation comes of age
11 December 2009
Property Week and Unite’s student accommodation conference highlights supply-demand imbalance
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Loans for homes reaches highest point
10 December 2009
Loans for house purchases reached 55,000 in October, its highest point since 2007, according to data from the Council of Mortgage Lenders (CML).
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Government branded "sluggish" on the private rented sector
9 December 2009
The government was accused of being “sluggish” in its response to the to the private rented sector in today’s Pre-Budget Report.
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Sandbanks beachfront sites up for sale
9 December 2009
Savills is marketing the sale of a prime area of beachfront development land in the sought-after Sandbanks area in for £7.5m.
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House price rises beat expectations
9 December 2009
House prices rose by more than twice as much as economists predicted in November as demand for property outstripped supply.
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Masterplanning team selected for Qatari Diar’s Chelsea Barracks Development
8 December 2009
Qatari Diar Real Estate Investment Company has selected a design team to prepare a new masterplan for the development of its Chelsea Barracks site.
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U.K. November house prices rise 1.4% on month, Halifax says
8 December 2009
U.K. house prices rose more than twice as much as economists forecast in November as demand for property outstripped supply, Halifax said in a report.
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Barclays Wealth Insights: Prospects for Property - On Solid Foundations?
04 December 2009
"Following a prolonged downturn in property markets around the world, high net worth investors are once again eyeing opportunities in the sector. Three out of four wealthy investors say that residential property is looking attractive, but 60 percent of them say that tight credit conditions are preventing them from taking the plunge."
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Berkeley’s MD is in ‘buy’ mode
04 December 2009
Rob Perrins is spearheading a London land grab in anticipation of the next cycle
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Databank: Counter-cyclical ground rents
04 December 2009
Ground rent portfolios have long been the domain of specialist investors
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Government data give false hope
04 December 2009
The government is under attack for providing “misleading” and “over-optimistic” figures on housing land supply in England
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Guernsey operation offers timeshare with buy-to-let twist
04 December 2009
Safe Haven investment vehicle combines sun-belt villas with northern flats
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Telford posts healthy profits
2 December 2009
Telford Homes today posted healthy pre-tax profits of £6.5m – up from £300,000 – for the six months to 30 September 2009, prompting the Aim-quoted developer to reinstate an interim payment of 0.75p per share.
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Residential rents to rise says RICS
2 December 2009
Surveyors expect to see residential rent rises in the New Year as the number of rental properties coming onto the market fell for the first time since January 2008, according to the latest RICS Lettings Survey published today.
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House prices up 10% this year... but it won't last as economists predict gains will be wiped out in second dip
2 December 2009
The average price of a home in Britain has shot up 10 per cent in ten months, according to figures published yesterday.
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Posen calls for 'bubble tax' on homes
2 December 2009
Homeowners must be charged penalty taxes on their properties if the UK is to avoid a future housing crash, according to one of the Bank of England's policymakers.
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Unite to raise £150m of equity
1 December 2009
Unite Group’s UK student accommodation fund is to boost its spending capacity to £325m by raising new equity.
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UK house prices to fall in 2010 says Jones Lang LaSalle
1 December 2009
London and the South East have led a strong recovery for UK house prices during the past six to eight months and average house price growth for 2009 could reach 5% by the year end.
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Mortgage approvals at highest level for almost two years as housing market bounces back
30 November 2009
The number of mortgages approved for house purchase rose to its highest level for nearly two years during October as buyers continued to return to the market, figures showed today.
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Central London recovery residential fund launched
27 November 2009
A closed-ended fund targeting exclusive London residential investments has been launched this week and aims to target the “bullseye” of the capital exploiting opportunities in Knightsbridge, Mayfair, Chelsea and Kensington.
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Healey confirms £290m government housing funding
27 November 2009
Housing Minister John Healey has confirmed a £290m funding package to build around 5,500 affordable homes across the country.
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Databank: Leeds rental levels
27 November 2009
Leeds was a prime example of the fallout from the financial crisis. Its rental market was flooded with property as the sales and investment markets ground to a virtual halt. By late 2008, the number of rental properties available had increased by two and half times
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Home truths: Doug Morrison
27 November 2009
Rush to Kickstart housing targets could be kick in teeth for design
-
Investors return to Brum to cash in
27 November 2009
Crosby sells block to Claremont Group
-
London trials affordable housing devolution
27 November 2009
Mayor approves pilot to give local authorities residential development powers
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Eatonfield Group revs up for huge Cumbria regeneration scheme
25 November 2009
Cheshire-based developer Eatonfield Group has bought a 50% interest in an option to acquire a 265-acre site in Cumbria.
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Student Accommodation 09: We could see 'flatline growth' next year, says UNITE's Tonkiss
24 November 2009
John Tonkiss, chief operating officer of UNITE Group, said today that we could see 'flatline growth' next year as the 'real recession' impacts on the UK populous.
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UPP completes £115m University of Nottingham student housing deal
23 November 2009
University Partnerships Programme (UPP) has completed a £115m student housing deal with the University of Nottingham.
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Southern Cross pays down debt with care home sales
20 November 2009
Southern Cross Healthcare has sold the freehold on two care homes for £12m in order to pay down debt on facilities of more than £50m.
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Housing development rising says National House Building Council
20 November 2009
Housing development is on the up, according to official data, but output still lags well behind the supply levels of the boom years.
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Brent Cross Cricklewood £4.5bn plans approved
20 November 2009
Outline plans for one of London’s largest ever proposed regeneration schemes at Brent Cross Cricklewood were approved last night by councillors at Barnet Council.
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Databank: West Midlands land market
20 November 2009
Sentiment in the West Midlands has improved, interest from the land buyers has returned but the result in terms of activity is negligible.
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Mortgage lending up 5% in October
19 November 2009
Gross mortgage lending increased by 5% in October, the Council of Mortgage Lenders (CML) said today.
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Lagging regions to be hit by stamp duty return says RICS
17 November 2009
A return to the previous bands for stamp duty for houses priced between £125,000 and £175,000 at the end of the year could have a detrimental effect on the regional housing recovery, says the RICS.
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Buy-to-let landlords see light at the end of the tunnel
13 November 2009
Buy-to-let landlords are dipping their toes back into the property market for the first time in two years amid signs of a house price recovery.
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Schroders: Outlook for residential property
13 November 2009
"After twelve years of rising house prices, the UK house price bubble finally burst in November 2007. Values have since fallen at the fastest recorded decline and by February 2009 they were 21% below their peak, matching the nominal fall in house prices from the recession of the 1990s. Since then house prices have staged a mini-recovery, recording positive growth in seven of the eight months since their February low (source: Nationwide). But is this rally a sustainable recovery ...
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Fewer Britons expected to lose homes this year
12 November 2009
The number of repossessions forecast for this year has been reduced to 48,000 by the Council of Mortgage Lenders (CML), who last year predicted that 75,000 people would lose their homes in 2009.
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York Civic Trust finds redevelopment plans for former Terry’s Chocolate Factory tasty
11 November 2009
York Civic Trust has given its support to Grantside's proposed £150m redevelopment of the former Terry's Chocolate factory site in York.
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BCSC 2009: Bootle warns of new property `bubble'
10 November 2009
Leading economist Roger Bootle today warned that property is in danger of suffering from the bursting of another `bubble' over the next year.
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A quarter of UK private landlords are struggling to break even
10 November 2009
A quarter of the UK’s private landlords are just breaking even or making a loss according to a quarterly survey of 500 landlords.
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HCA reports "strong delivery" in tough climate in full year report
10 November 2009
More than 53,000 new homes and £3.9bn of investment were the key targets achieved by the Homes and Communities Agency (HCA) in the year to 31 March, 2009.
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House prices continue to rise but supply increases says RICS
10 November 2009
House prices continue to rise despite an increase in the number of new instructions received by agents according to the RICS UK housing market survey published today.
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Hutchison Whampoa to move forward with Deptford scheme
9 November 2009
Hutchison Whampoa has announced plans to move forward with the regeneration of Convoys Wharf, a key site for regeneration in the London borough of Lewisham.
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Passing clouds could make buyers pause for breath
6 November 2009
House prices could temporarily dip next year, as the supply of homes for sale increases and cash-rich buyers, who have dominated the market and driven this year’s recovery, pause for breath.
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Databank: Housebuilder starts
06 November 2009
Housebuilders have benefited from the lack of secondhand supply, picking up on the excess demand from cash-rich buyers
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First-timers feel the urge to buy now
06 November 2009
Two-thirds of first-time buyers believe that now is a good time to venture on to the bottom rung of the property ladder, a survey by Rightmove has found
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New Covent Garden Market plan unveiled
06 November 2009
Conference asks: is Nine Elms corridor London’s biggest opportunity?
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Price-slashed City Lofts six return
06 November 2009
A portfolio of six former City Lofts apartment blocks has gone on the market for the second time in a year — but at a knockdown price of £23m
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What’s stopping the private-rented sector?
06 November 2009
Berkeley and Ballymore chiefs among the speakers at Movers and Shakers event in London last month
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Two day meeting to decide £4.5bn Brent Cross Cricklewood plans
5 November 2009
The Brent Cross Cricklewood planning application will be determined at a two-day meeting later this month, Barnet Council said today.
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£150m Wokingham scheme gets go ahead
5 November 2009
A £150m mixed use scheme in Wokingham has been given the go ahead after the government overturned a decision from the local council.
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Grainger reveals £238m rights issue
5 November 2009
Grainger, the residential property group, is raising £238m from a deeply-discounted rights issue.
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Site traffic climbs 35% at Rightmove
5 November 2009
Rightmove, the UK’s leading property search website, backed suggestions of a return of confidence in the housing market as it pointed to improved traffic generated by online househunters and a recovery in advertising revenues paid by estate agents and developers.
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Northern Rock accelerates mortgage lending
4 November 2009
Northern Rock, state-owned bank, accelerated mortgage lending to customers in the past three months, which is expected to contribute to an improved performance in the second half.
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Secretary of State approves £500m Purfleet scheme
3 November 2009
The government has today given a double regeneration and skills boost for the Thames Gateway.
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House prices rise for fourth consecutive month
3 November 2009
House prices rose for the fourth consecutive month in October, and are now 7.1% higher than the market trough in April, the Halifax house price index has said.
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Sir Terry Farrell plan for Thames Gateway parkland
3 November 2009
Sir Terry Farrell, the acclaimed architect and government-appointed “design champion” for the Thames Gateway, claimed that a new masterplan for a “parklands landscape” could add £2.5bn to residential values in the region.
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Inland submits plans to develop 755 homes at West Drayton
3 November 2009
Inland has today submitted a planning application for the redevelopment of the site of the National Air Traffic Control centre in West Drayton.
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Braemar fund makes its first ground rents investments
2 November 2009
AIM-listed Braemar Group’s Guernsey listed Ground Rents Open Ended Investment Company (OEIC) has made its first two ground rents investments.
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New Covent Garden Market plans revealed
2 November 2009
The owner of the New Covent Garden food and flower market in south London has unveiled plans for the redevelopment of its 57 acre market
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Signs of slowing housing demand
2 November 2009
House prices have edged upwards for the third consecutive month in spite of signs of a slowdown in demand from new buyers, according to Hometrack, a research company.
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Cheers as FSA enters mortgage arena
30 October 2009
Financial Services Authority proposes to bring mortgage lending and buy to let under its jurisdiction
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Databank: Guildford rental market
30 October 2009
The rental market in Guildford has been buoyed by a high level of tenant demand
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Euro investors unearth UK repo bargains
30 October 2009
Investors from across the world are searching for bargains among the UK’s chain-free and repossessed properties, a website has found
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Growing opposition to local housing allowance
30 October 2009
The government is under growing pressure to reform its controversial local housing allowance policy after the Conservative Party announced last week that it would reinstate direct rent payments to landlords of housing benefit tenants if it won the election.
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Housing adviser warns of Tory ‘planning black hole’
30 October 2009
Conservative policy must be fleshed out to avoid being nimby charter
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Regulation for resi to come soon
30 October 2009
Government housing leader hints at tougher approach to agents
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HCA approves £450m for stalled housing schemes
29 October 2009
The Homes and Communities Agency (HCA) has approved £450m of funding for 153 stalled residential schemes.
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MGPA poised for £90m land deal
29 October 2009
MGPA is in final talks to buy a Clerical Medical-owned residential land company for £90m.
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House price mini-boom slows as Christmas looms
29 October 2009
The unexpected “mini-boom” in house prices continued in September, according to the latest official figures, but analysts have said that a slowdown in the pace of the recent rebound has begun.
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JSM Indochina buys 'distressed' Vietnam towers
28 October 2009
JSM Indochina has bought two ‘distressed’ luxury residential tower schemes in Ho Chi Minh City for $65m.
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Carlyle and Abstract Nikal submit Salford plans
27 October 2009
Carlyle Group and joint venture partner Abstract Nikal have submitted a planning application for a site in Salford which includes the £25m regeneration of Soapworks, the former Colgate factory.
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£300m Chesterfield Waterside project plans submitted
27 October 2009
Regeneration company Urbo has submitted an outline planning application for the £300m Chesterfield Waterside Project in Derbyshire.
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Spurs score wtih stadium plans
27 October 2009
Tottenham Hotspur has today submitted to Haringey Council the planning application for the redevelopment of its White Hart Lane ground.
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Barratt frets over Royal Mail strikes
27 October 2009
Barratt Developments, the property group in the thick of a £720 million rights issue, today expressed concerned about the effect of the postal strikes on its proposed capital raising, as it issued an urgent statement warning shareholders to respond quickly to take up their entitlement.
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Candy & Candy start legal proceedings over Chelsea Barracks
26 October 2009
Candy & Candy has started legal proceedings against the Qatari Diar Real Estate Investment vehicle which owns the Chelsea Barracks site over alleged £1m unpaid marketing fees.
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Call to stamp out duty
23 October 2009
Industry groups join forces to lobby for reform of “anachronistic” tax
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Cyprus finds its place in the sun
23 October 2009
Research places Mediterranean island as the top overseas market for residential investment
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Databank: UK housebuilding
23 October 2009
Rising house prices in recent months have provided a welcome fillip to the UK’s embattled housebuilding sector
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Hayter’s licence to kill off rogue agents
23 October 2009
Chair of the new Property Standards Board calls for licensing system to regulate estate agency
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Housing design is back on CABE’s gold standard
23 October 2009
The Commission for Architecture and the Built Environment (CABE) has awarded a Building for Life gold standard to Crest Nicholson’s Admiralty Quarter (pictured) in Portsmouth harbour
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Kent sequel is better than the original
23 October 2009
Waterstone Park, Dartford The two phases of the Waterstone Park housing scheme in Kent vary greatly, and the design quality of the second phase far outstrips that of the first
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Progressive view of bombed-out UK resi
23 October 2009
Progressive Capital and Dartmoor Capital Management have launched a five-year fund to capitalise on “a once-in-a-generation opportunity” to invest in UK residential property
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Pinewood plans rejected
22 October 2009
Pinewood Sheperton’s plans for the first ‘live-work’ film community in the world have been rejected by South Bucks District Council.
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BPF calls for end to 'reckless' buy-to-let lending
16 October 2009
Greater regulation could help to refinance the housing market, says the British Property Federation, as it bids to persuade the Financial Services Authority (FSA) to clamp down on “reckless lending” for buy-to-let mortgages and property investment clubs
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Cala Group facing High Court claim for breach of contract
16 October 2009
Cala Group, the Edinburgh-based housebuilder, faces a High Court action over an alleged breach of contract in its purchase of a development site in Wokingham, Surrey, from Carlton Properties
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Databank: RICS housing survey
16 October 2009
If the latest RICS Housing Market Survey is to be believed, the rebound in residential property is likely to continue for at least the next few months
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Housebuilding on the up in the City
16 October 2009
Rallying sector aided by rising share prices and fresh demand for sites
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Website pledges to 'transform' brownfield sites
16 October 2009
London’s under-used brownfield land is “set to be transformed” by a free, online service from the London Development Agency (LDA) and the Homes and Communities Agency (HCA)
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Weston affronted by valuations
16 October 2009
Colchester’s recovery may be being hampered by under-pressure surveyors’ low valuations, claims housebuilder
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Grosvenor and USS get 1,200 homes Cambridge green light
15 October 2009
Grosvenor and the Universities Superannuation Scheme (USS) have been granted planning consent for a 1,200 homes on the southern fringe of Cambridge.
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Fitch warns on UK housing
15 October 2009
The UK housebuilding sector could be heading for a new crisis with £7bn of debt due to mature in 2011 and 2012, a new report has warned.
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Call to end stamp duty
15 October 2009
A coalition of housing organisations has called for abolition of stamp duty tax.
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Auctioned homes prices soar
15 October 2009
Homes sold at auction are achieving record sums above the guide amounts set by valuers as lower property prices have brought about a bidding war among bargain-hunters.
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Student accommodation group UPP seals 100% occupancy
14 October 2009
Student accommodation provider UPP has achieved 100% occupancy across its student rooms portfolio for the start of the academic year 2009/2010.
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Bellway praised for debt reduction
14 October 2009
Bellway fell to its first full-year loss as a quoted company after it wrote down the value of its land bank by £66m. The housebuilder fell from a pre-tax profit of £34.8m to a loss of £36.6m for the year to July 31.
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LSL in talks to buy Halifax Estate Agencies chain
13 October 2009
Lloyds Banking Group is in talks with LSL Property to sell its Halifax Estate Agencies chain.
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Gumtree.com launches residential rent checker
13 October 2009
Gumtree.com has launched an application which allows Londoners to compare their rent with the average for their area.
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Housing recovery fuelled by lack of supply says RICS
13 October 2009
The recovery in UK house prices continues to be unpinned by a lack of supply according to the Royal Institution of Chartered Surveyors (RICS).
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First-time buyers buoy mortgages
13 October 2009
The cautious return of homebuyers continued to prop up mortgage lending in August, despite a fall in the number of borrowers remortgaging.
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CB Richard Ellis Marketview: Recent Residential Trends
9 October 2009
"There was a continued pick-up in prices this month despite a marginal dip in activity. Seasonally adjusted house prices rose by 0.9% over the month and are at the same level seen a year ago. In contrast mortgage approvals fell by 0.2% in August but remain 63% higher year on year."
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Northacre deal for west London site called off
12 October 2009
Northacre's major plans for the redevelopment of the five-acre West London Telephone Exchange in Kensington & Chelsea have been called off.
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Winkworth reveals AIM flotation plan
12 October 2009
Winkworth, the estate agent, plans to raise nearly £1m through a flotation on AIM in the latest sign of renewed confidence in the housing market.
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Drivers Jonas instructed to sell major Essex site
9 October 2009
The North East London NHS Foundation Trust has instructed Drivers Jonas to sell the Mascalls Park Hospital site in Brentwood, Essex.
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Britannia blow to first-time buyers
9 October 2009
First-time buyers with a small deposit have been left with even less choice after one of the biggest mortgage lenders in the market pulled its deals last night.
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Databank: Windsor rental property
9 October 2009
Corporate service is resumed
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Mould and Vaughan placed for upswing
9 October 2009
Veterans jump in as supply of rental property begins to tighten
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Mount Anvil hammers out £350m development programme
9 October 2009
Residential developer-contractor buys City of London site and begins fundraising ahead of £350m plans
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Should the Tories keep HIPs?
9 October 2009
The home information pack (HIP) is cited as one reason owners are reluctant sellers. The Conservative Party promises to scrap HIPs if it wins the election. Should they?
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Your Move owner says 1980s scheme will solve private-rented dilemma
9 October 2009
LSL Property Services has joined the industry clamour for government to improve the private-rented sector but, unlike fellow campaigners, it believes the best way is through a return to the 1980s-style business expansion scheme (BES)
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Fitch sees steep house price fall
8 October 2009
The recent gains in UK house prices are likely to prove only a temporary respite before a further steep fall next year, according to Fitch, the global ratings agency.
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Mortgage insurance holders to get refunds
8 October 2009
Lenders and insurers are to refund up to £60m to more than 1m mortgage payment protection insurance customers hit by unfair premium rises or cuts to their policy benefits.
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HCA to provide £42m affording housing funding at King's Cross Central
7 October 2009
The Homes and Communities Agency (HCA) has agreed to provide £42m of funding to help deliver the first phase of affordable housing at the King’s Cross Central regeneration scheme.
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House prices rise but caution remains
7 October 2009
House prices continued to rise last month, fuelled by cheap borrowing rates and a shortage of homes coming on to the market.
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Banks face group action over mortgages
7 October 2009
Barclays and Lloyds are facing a group legal action brought by hundreds of mortgage borrowers after the High Court granted an order allowing them to sue on a group, rather than an individual, basis.
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Grainger chief executive Rupert Dickinson to step down
6 October 2009
Rupert Dickinson will stand down from his role as Grainger's chief executive from 20 October and has resigned from the company’s board for reasons of ill health.
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Rumney Manor wins consent for £35m Edinburgh development
2 October 2009
Trevor Hemmings' investment vehicle Rumney Manor has won planning consent from City of Edinburgh Council for its proposed £35m residential development in Murrayfield.
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UPP agrees £133m University of Exeter student accommodation deal
2 October 2009
University Partnerships Programme (UPP) has signed a £133m deal with the University of Exeter to develop and operate more on-campus residential student accommodation.
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House prices reach 2008 levels
2 October 2009
UK house prices have now recovered to the same level as a year ago, according to the latest Nationwide figures.
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Home buyers find credit tougher
2 October 2009
British households have found it tougher to obtain credit over the past three months, but banks expect to loosen up on lending towards the end of the year, the Bank of England has said.
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Build to let: ‘just do it’
02 October 2009
Resi 09 delegates call for government to make build-to-let sector a reality
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Buyers hamstrung by high deposits
02 October 2009
Residential prices have bounced in recent months but on the back of very low volumes and very low — although rising — levels of mortgage borrowing. Demand is being stoked by investments by those with cash
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Developers tussle over future of housebuilders at Resi 09
02 October 2009
Persimmon: numbers turn negativeJohn White
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Recovery is ‘two years’ off
02 October 2009
“It’s going to be two years before we see any real signs of recovery
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Regenerators round on public sector
02 October 2009
Pre-election call for future government to improve efficiency
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Resi investors: keep tenants happy
02 October 2009
Institutional investors must learn that management is key for residential investment
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Countryside plans £1bn Essex community
1 October 2009
Countryside Properties and housing association L&Q are planning a £1bn neighbourhood in north east Chelmsford.
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Grainger agrees new debt
1 October 2009
Grainger, the UK’s largest listed residential landlord, has agreed two new loan facilities totalling £615m.
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LABOUR PARTY CONFERENCE: More funding for affordable homes
30 September 2009
The government is to ‘tighten rules for lenders’ looking to repossess homes and is allocating more funding to kick-start the development of affordable homes.
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Sale and rent-bank rules to be tightened
30 September 2009
Extra rules to regulate 'sale and rent back' property deals will be brought in by the Financial Services Authority next year. The regulator said that it would ban 'exploitative advertising and high-pressure sales techniques'.
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Mortgage approvals slip
30 September 2009
Mortgage approvals slipped slightly in August to 52,317, but remained close to July’s upwardly revised 52,404, the highest since April 2008. Net mortgage lending rose by £1,009 billion, the biggest rise since February.
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Healey warns of Tories’ “secret” housing plans
29 September 2009
The Government has accused David Cameron’s Conservative Party of plotting ‘secret plans’ to triple social housing rents.
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Slight fall in house prices hints at stability
29 September 2009
House prices fell slightly in August but confirmed the stabilising trend of recent months after the rapid declines seen throughout last year and earlier this year, according to data from the Land Registry.
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LABOUR PARTY CONFERENCE: Labour to use housing as key battleground in election
28 September 2009
John Healey, minister for housing, has labelled housing a key battleground on which Labour intends to fight the next election.
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London & Stamford buys Arsenal apartment block
28 September 2009
Raymond Mould and Patrick Vaughan’s London & Stamford has bought a block of apartments at Highbury Square, the former home of Arsenal Football Club.
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London and SE house prices up
28 September 2009
House prices rose in September, but the improvement is concentrated in London and the south-east and is being driven by a shortage of homes on the market, according to a report out today.
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Stability returning to housebuilding sector says National House Building Countil
25 September 2009
Stability appears to be returning to the housebuilding sector with the latest figures from the National House-Building Council (NHBC) showing the sixth quarter-on-quarter rise in applications to start new homes in the UK.
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Short supply drives up top house prices
25 September 2009
Prices for homes worth more than £1m have continued to rise at a surprising rate this summer as cash-rich buyers chase limited supply, according to data from two leading estate agents.
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City & Country throw hospital a lifeline
25 September 2009
Developer appointed to work up plans to restore the buildings of century-old West Sussex hospital
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Councils face tough times on housing, warns new body chief
25 September 2009
Local authorities will be under increasing pressure to find resources to build new homes
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How does your garden grow?
25 September 2009
It is often the case that Victorian buildings are demolished in the name of progress. But few developers get the chance, or even have the desire, to finish what the Victorians started. That was the challenge for Londonewcastle and United House Developments in Islington, north London
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In our Liverpool homes
25 September 2009
Anfield-Breckfield, Liverpool - The Tancred Road and Skerries Street refurbishment, which was completed a year ago last month, is a fine example of regeneration
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Recession boon to student digs fund
25 September 2009
Braemar profits as students shun job market and stay in study
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Riviera reverts to UK average
25 September 2009
The end of the summer season seems an appropriate time to reflect on one of the more resilient residential development markets in the UK: coastal development in south-west England, particularly Cornwall and Devon
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Mortgage lending stabilises
24 September 2009
Mortgage lending stabilised last month as rising approvals for house purchases were offset by falling levels of remortgage activity, figures released yesterday indicated.
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Office of Fair Trading bans Southampton estate agent
23 September 2009
The Office of Fair Trading (OFT) has banned a Southampton-based estate agent because it did not belong to a redress scheme.
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Speymill exits £250m retirement village venture
23 September 2009
Speymill Group, the AIM-listed property services group, has ended its £250m retirement village joint venture with Goodman Group.
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Velocity Estates full speed ahead for Sheffield student tower
22 September 2009
Velocity Estates has won planning permission for an 18-storey student accommodation tower at its Velocity Tower site in Sheffield.
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Mansfield offers 100% mortgage
22 September 2009
Mansfield Building Society, a Nottinghamshire lender with 25,000 depositors, has begun offering a 100% mortgage to first-time homeowners buying in partnership with a housing association.
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'Dustbin of Leeds' to become green beacon
21 September 2009
An eight-storey block of flats in Beeston, West Yorkshire, which had become a virtual no-go area because of the drunks and muggers, known by locals as the 'dustbin of Leeds', is about to get a new lease of life under plans to make it into one of the country’s biggest green housing projects.
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RESI 09: Kerslake reveals four-point plan to kickstart private rented sector
18 September 2009
Sir Bob Kerslake this morning promised the Homes and Communities Agency would provide 'site specific' support to individual schemes and funds to kick start the private rented sector.
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Economic conditions will peg resi market prices until 2012
18 September 2009
CB Richard Ellis tells Resi 09 that further falls are likely in 2010
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Knight Frank Affordable Housing Review 2009
18 September 2009
'The affordable housing sector has not escaped the recession and credit drought that have turned the UK housing market upside down over the past two years.'
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Regenco calls it a day
18 September 2009
Regenco, the urban regeneration company for Sandwell in the West Midlands, has confirmed it is to wind up by March next year, following the withdrawal of funding from central and local government agencies
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Rise of the housing sun
18 September 2009
The good news in the residential market is set to continue – for a while at least
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Telford strikes Lesney match
18 September 2009
Telford Homes has won planning permission for the redevelopment of the former Lesney Matchbox toy factory site near the Olympic Park in Hackney, east London
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Way of the dragon
18 September 2009
Businessman and TV star James Caan has launched a fund he believes will help first-time buyers on to the property ladder
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RESI 09 TV: Resi faces threat of second market correction, says First Base founder Lipton
17 September 2009
A second market correction could still impact on the residential market, First Base founder Elliot Lipton said at Property Week's RESI 09 conference today.
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RESI 09 TV: Institutional investment in the private rented sector must 'stand in its own right', says CBRE's Nick Jopling
17 September 2009
Institutional investment in the private rented centre ‘must stand in its own right without crutches or bandages’, CB Richard Ellis’s head of residential said today.
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RESI 09 TV: 'Lets get the "spoof" out of buy-to-let,' says Dorrington's Moross
17 September 2009
We need to ‘get the spoof out of buy-to-let’, Dorrington’s managing director Trevor Moross said today.
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RESI 09 TV: Nick Candy discusses finance and the super-rich
17 September 2009
Construction finance for luxury, central London residential development has evaporated, Candy & Candy’s Nick Candy said today.
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RESI 09 TV: Labour and Tories are wrong to propose cuts, economist says.
17 September 2009
Both Labour and the Conservatives are on ‘completely the wrong track’ by proposing cuts in public spending, Dr Ian Shephardson said at the RESI 09 conference in Wales today.
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RESI 09 TV: ‘Housebuilders were naïve’ says Persimmon chief John White
17 September 2009
John White, chief executive of Persimmon, has said the housebuilding sector ‘allowed itself to drop its guard.’
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Bid to block South Bank resi tower falls Doon
17 September 2009
English Heritage and Westminster Council have failed to block Coin Street Community Builders’ 326-apartment tower scheme at Doon Street.
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RESI 09: This must be the year we establish a private rented sector, says L&G Bill Hughes
17 September 2009
Legal & General's managing director of property Bill Hughes said the UK housing market was perfectly primed to attract sizeable institutional investment for the first time ever, but it must capitalise on the opportunity now.
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RESI 09: Don't cut public spending warns leading economist
17 September 2009
The UK housing market will improve in the short term as UK savings rates increase and house prices stabilise, according to a leading economist.
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RESI 09: Persimmon chairman voices mortgage availability concerns
17 September 2009
John White, chairman of Persimmon Homes, added his voice to growing concerns over the downturn in mortgage availability and the impact on the development of housing in the UK.
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Unite to raise £78m for London development programme
17 September 2009
Unite, the student accomodation provider, has raised £77.8m of new equity to fund its future development programme.
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RICS sets up agent board
17 September 2009
The RICS has set up a Property Standards Board to develop a code of practice for estate agents, lettings agents and property managers. RICS, alongside the National Association of Estate Agents and the Association of Residential Letting Agents, hopes to gain government approval for its proposals.
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Dragons' Den's Caan sets up £1bn home-buying fund
17 September 2009
Dragon’s Den star, James Caan, famous for using his own money to back fledgling businesses, now wants to help ordinary people climb the property ladder with a £1bn fund to kick-start the housing market.
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Repossessions down
16 September 2009
The Financial Services Authority said that the number of homes being repossessed fell by 9% to 13,610 in the three months to June, compared with the previous quarter, although the figure is still 23% higher than a year ago.
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House prices rose in July
16 September 2009
Official figures showed that house prices rose by 1.4% during July. The annual rate at which prices are falling eased to 8.3%, the lowest level since November last year and down from 10.7% in June. The RICS added that 11% more surveyors reported price rises in August than those who saw price falls — the first time the balance has been positive since May 2007.
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House price balance turns positive says RICS
15 September 2009
The RICS house price net balance turned positive for the first time in two years according to the latest RICS UK housing market survey published today.
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RICS sees brighter mood
15 September 2009
A majority of estate agents are reporting that house prices rose over the summer months, the RICS says today, the first time in two years that optimism has outweighed pessimism on this survey.
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Stalled housing schemes restart
15 September 2009
Building work stalled by the recession is to restart on 740 homes in 10 locations, the first fruits of a government scheme to stimulate housebuilding by funding developers who cannot raise money.
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Housing set for five years of woe after 'false dawn'
14 September 2009
House prices will not return to the peak reached in autumn 2007 for at least another five years, according to Ernst & Young’s Item Club. The influential group’s gloomy forecast contradicts the increasingly optimistic outlook of the Government and some commentators that the British economy has begun a sustained recovery.
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HBF slams Tory planning move
14 September 2009
One of the Tories’ main housing policies has come under fire from house builders, which have warned it could create a hiatus in the planning system.
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Housing prices to fall back by 7% in 2010
11 September 2009
Jones Lang LaSalle’s latest UK residential market forecast predicts that despite an improvement in sentiment in the past six months, the market revival is likely to be unsustainable and a fall in prices of -7% on average is likely during 2010.
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House price fall expected despite rally
11 September 2009
Housing analysts are increasingly predicting the likelihood of a W-shaped cycle where the recent house price bounce tails off and falls back in 2010 before recovering again in 2012.
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House prices up
11 September 2009
Figures from Halifax showed that average house prices rose by 0.8% during August, the fourth month since the start of 2009 in which the lender has recorded an increase and taking the total annual fall in house prices to 10.1%.
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Sativa plucks Ypres Rose for joint venture
11 September 2009
Investor and housebuilder team up for development fund
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Belfast scheme sails ahead with new consent
11 September 2009
Part of the second phase of Belfast’s Titanic Quarter development was given the green light last week
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Birmingham to crack down on HIP rule breakers
11 September 2009
Trading standards officers in Birmingham are planning to crack down on rogue estate agents who flout regulations over home information packs (HIPs)
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Liverpool scheme is the Mann with the off plan
11 September 2009
Flats at Neptune Developments and Countryside Properties’ Mann Island scheme on Liverpool’s waterfront are continuing to sell well, despite the recession
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Shadow boxer
11 September 2009
Conservative housing spokesman Grant Shapps has landed many a telling blow against government housing policy. Doug Morrison asks him whether the Tories can offer a credible alternative
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Galliford Try proposes £125.6m rights issue
10 September 2009
Housebuilder Galliford Try is planning to raise £125.6m through a rights issue.
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Average UK house price rises for second successive month
10 September 2009
The average UK house price rose for the second successive month in August, boosted by low interest rates and cheap prices.
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Redrow reports 'worst trading results in company's history'
10 September 2009
Redrow’s has reported its ‘worst set of trading results in the company's history'.
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Miller sees jump in reservations
10 September 2009
Miller, the housebuilder, reported a 45% rise in reservations during July and August with trading ahead of expectations. It also said that house prices had steadied, while cancellation rates were running at 15%.
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Pocket gets consent for LandSecs-backed London scheme
9 September 2009
Westminster City Council has given a resolution to grant planning consent for Pocket and Land Securities' pioneering affordable housing scheme in London’s Westminster.
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MP Rosie Winterton launches UPP student accommodation in Leeds
8 September 2009
Minister for Yorkshire and the Humber Rosie Winterton has opened the University Partnerships Programme’s (UPP) Carnegie Village student accommodation scheme at Leeds Metropolitan University’s Headingley Campus.
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PW PODCAST: Online house-buying visits surge in August.
8 September 2009
House-buying website Rightmove experienced its busiest ever day in August, a sign that strong levels of consumer demand have returned to the sector.
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Holiday house prices rise
7 September 2009
House prices in holiday areas have been boosted by Britons opting to vacation in the UK, according to property search ending nestoria.co.uk, with Thurso, South Hams in Devon and Brockenhurst in the New Forest leading the way.
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Barratt to launch £500m rights issue
7 September 2009
Barratt Developments will launch a £500m discounted rights issue alongside its full-year results at the end of this month. It is thought that Barratt wants to make further inroads into its £1.3bn debt pile and buy land for new developments. The company recently reported higher sales and improved pricing.
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Boris concerns over Derwent's City fringe student scheme
4 September 2009
Derwent London’s plans for a 21-storey student accommodation block in the City of London fringe do not comply with the London Plan, Boris Johnson has said.
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Homes and Communities service for Goldman banker
04 September 2009
Goldman Sachs’ James Wardlaw advises agency on private-rented initiative
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Low interest rates underpin housing market
04 September 2009
House prices have risen for the fourth consecutive month as demand continues to outweigh supply
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Student halls come of age in Aberdeen’s Bournemouth buy
04 September 2009
Aberdeen Property investors buys £20m south coast block for mainstream property fund
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The benefits black hole
04 September 2009
The government’s plan to empower social tenants by giving housing benefit directly to them has led to an exodus of out-of-pocket private landlords
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You’ve got to be bidding
04 September 2009
A residential property shortage has given rise to a boom in auction sales
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Bovis to raise £60m through share placement
3 September 2009
Bovis Homes is hoping to raise £60m from the placing of 12.1m shares.
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Pirc slams Berkeley bonus scheme
3 September 2009
Investors in Berkeley Group should reject the appointment of founder Tony Pidgley as executive chairman and throw out the boardroom pay package because of 'wide-ranging corporate governance concerns', according to Pirc, the investment consultancy.
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Lenders cut rates
3 September 2009
Three of the biggest mortgage lenders cut their rates yesterday marking steep falls in the wholesale funding costs. Woolwich, HSBC and Cheltenham & Gloucester all cut rates.
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Landlords struggle and buy-to-lets plunge
3 September 2009
A growing number of landlords are struggling to remortgage because of fall of more than two thirds in the number of buy-to-let deals on the market.
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Top end housing hitting peaks
2 September 2009
Some million-pound plus house sales are achieving record prices that are level with those last seen at the peak of the market in some streets in London, Knight Frank said. Properties were selling for sums 15% higher than in December 2008, it said.
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NHBC reports increased building
28 August 2009
National House-Building Council said that it had received 23,661 applications to start new homes in the private and public sectors during the three months May to July — a 9.4% increase on the previous quarter. It added that building work was up in the East and West Midlands and in Northern Ireland in a sign of recovery for the sector.
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Rise in house prices sparks hope for market rebound
28 August 2009
UK house prices in August took their biggest one month leap in nearly three years, prompting some economists to argue that a rebound in growth will be stronger than expected.
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House starts continue to rise but figures paint patchy picture
28 August 2009
Government figures released last week have revealed a continuing rise in residential supply in England
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One-click wonders
28 August 2009
Online property auctions are not a new concept, but the latest entrant in the market aims to take one-click house-buying to the masses
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Regenco faces public execution after council pulls funding
28 August 2009
Future of urban regeneration company in doubt as Sandwell council decides to take direct role
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Yorkshire inches forward
28 August 2009
Desire to develop is on the rise in the region, but finding the sites is proving difficult
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Langtree plants seeds of Liverpool regeneration
26 August 2009
Regeneration company Langtree is set to restore and re-open to the public the formal gardens at the former International Garden Festival site in Liverpool after a regional development agency grant.
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Persimmon returns to profit
26 August 2009
Persimmon has returned to profit after rising land values allowed it to write back £28m of its landbank after a hefty write-off last year.
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Mortgage profits at record levels
26 August 2009
Bank profits on fixed rate mortgages are at record levels.
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Mortgage approvals up
26 August 2009
The number of mortgages approved for home purchase by Britain’s major high street banks rose by 7% to 38,181 in July, more than double the low point in November, although activity is still well below pre-recession levels.
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Building societies could be forced to merge
24 August 2009
Up to five UK building societies could be pushed into mergers over the next couple of years because of continuing losses and regulatory pressure, predicts KPMG, the professional services firm.
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Atrium plans ‘high end’ student accommodation block
21 August 2009
Preston-based Atrium Student Rooms has submitted a planning application for a new ‘high end’ student accommodation concept, complete with flat screen TVs, which it hopes to roll out nationally.
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Repayment crisis threatens interest only homeowners
21 August 2009
Many of the four million homeowners who took out interest-only mortgages are facing a crisis because they have no way of repaying their home loans.
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Bust-up in Bootle
21 August 2009
Buyers in revolt at Nick Kollakis’s residential scheme that has attracted sporting celebrities
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Fall in buy-to-let loans eases in tentative sign of stability
21 August 2009
… but Council of Mortgage Lenders reveals that repossessions continue to rise
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Far from shore
21 August 2009
The complex composition of coastal areas makes markets difficult to predict
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Hadden takes over at struggling Genesis
21 August 2009
Genesis Housing Group, the troubled registered social landlord, has appointed former Housing Corporation deputy chief executive Neil Hadden as chief executive, as predicted by Property Week last month (31.07.09)
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Liquid assets
21 August 2009
NGM Sustainable Developments’ floating buildings could add value to discounted flood-risk areas
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Velocity accelerates Sheffield tower plan
21 August 2009
Sheffield developer Velocity Estates has submitted a planning application for a student accommodation tower
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Lancashire £1.35bn regeneration plans given green light
20 August 2009
Plans for the £1.35bn redevelopment of two areas in Lancashire have been given the go-ahead by the government.
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Mortgage lending up £3bn in July
20 August 2009
Total mortgage lending increased by 26% in July compared with the month before, the Council of Mortgage Lenders (CML) has said.
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Mortgages fail to track base rates
20 August 2009
The average mortgage rate has fallen by just 1.3% despite the lowest base rates in history. The average rate is now 5.12% compared with 6.24% in August last year according to moneysupermarket.com.
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Boris raises Tower concerns over Exemplar scheme
19 August 2009
Boris Johnson has raised concerns about Exemplar’s plans for a major mixed use development at Goodman’s Fields in Tower Hamlets.
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RICS Housing Market Survey: July 2009
14 August 2009
A survey of the housing market including house prices, sales, stocks and the sales to stock ratio.
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Developers picked for £35m Skipton scheme
17 August 2009
Craven District Council has appointed affordable housing and regeneration company Lovell and Maple Grove Developments for a £35m scheme in Skipton, North Yorkshire.
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Barratt eyes rights issue
17 August 2009
Barratt Developments is seeking shareholder backing for a £500m rights issue this autumn to help to cut its £1.3bn debt and allow it to start buying cheap land. Sources close to the company said that David Thomas, the new finance director, had appointed an advisory team and approached leading shareholders after recent signs of recovery in the equity markets.
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Letchworth picks developer for town centre regeneration
14 August 2009
Letchworth Garden City has chosen a developer to start the second phase in the town centre's regeneration.
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Housing recovery hopes 'could be premature'
14 August 2009
Hopes that the housing market has emerged from slump may prove premature, after a leading indicator of house prices suggested fresh weakness ahead.
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Affordable housing in rural areas to be protected
12 August 2009
Housing Minister Ian Austin has unveiled provisions to protect first time buyers’ access to purchasing affordable rural homes in newly designated ‘protected areas’
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'Modest improvement' for fragile residential market, says Grainger
12 August 2009
The UK’s largest listed residential landlord Grainger said today it has seen a ‘modest improvement’ in the residential sales market over the last few months.
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Mortgage lending jumps 23%
12 August 2009
Figures from the Council of Mortgage Lenders showed that lending had risen by 23% during June as 45,000 loans were approved for house purchases. This was up from the 36,500 reported in May and marked the fifth consecutive monthly rise. Gross mortgage lending jumped by 26% to £5.9bn.
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House price falls slow
12 August 2009
Government figures showed that house prices rose by 2.6% in the quarter ending June 2009, after falling by 3.8% in the first three months of the year. The annual decline in house prices slowed to 10.7%, down from 12.7% in May.
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Fixed-rate costs hit year high
12 August 2009
Figures from the Bank of England showed that the cost of some fixed-rate mortgages rose to their highest level this year during July. The average rate charged on a five-year fixed rate loan for borrowers with a 25% deposit rose to 5.7%, up from 5.54% in June and the highest level since October last year.
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Housing market sentiment highest for two years
11 August 2009
Estate agents are more optimistic about the housing market that they have been since the start of the credit crunch in 2007.
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The North-South returns
11 August 2009
The North-South divide, that long-disputed, geographically contentious, sometimes bleak and often bitter economic fault line across the heart of England, reopened just a little further yesterday. New figures showed that house prices rebounded in London and the South West last month, but continued to tumble in the North and in the Yorkshire and Humberside regions.
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Average mortgage deposit triples
11 August 2009
Homeowners have seen the size of the deposit they need to put down for a mortgage triple during the past two years, research showed yesterday.
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Market recovery hope curbed by suuply concerns
11 August 2009
Estate agents are increasingly optimistic that the housing market is recovering but a shortage of supply may be producing a falsely buoyant picture, according to a closely-watched survey published today.
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Homes 'too small'
11 August 2009
New-build homes are too small for everyday living, according to a survey. The Commission for Architecture and the Built Environment found that 57% of new-build occupants do not have enough storage, 37% do not have enough space to entertain and 47% do not have space for all of their furniture.
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Anger over government’s ‘nimby’s charter’ to evict students, immigrants and the poor from affordable homes
10 August 2009
The British Property Federation, small landlords and students have slammed government plans to evict people from houses of multiple occupation (HMOs).
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Downturn will leave property 'the domain of the wealthy'
10 August 2009
The recession has caused a huge shift in the housing market that will lock out first-time buyers and amateur landlords and leave only wealthy families, wealthy investors and Middle East billionaires with a chance of buying.
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Savills sees house recovery
10 August 2009
Savills: The estate agent has forecast that house prices will return to growth in 2011 and will have risen by an average of 26.7% by the end of 2014. The price of new-build flats are forecast to recover by only 10% by 2014, compared with a bigger rise of 43.6% for five-bedroom homes in London.
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House price 'will rise' over next year
10 August 2009
The house price crash is now effectively over, an economic consultancy has declared, forecasting that property values will grow between this autumn and the end of next year.
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Zoopla completes PropertyFinder deal
7 August 2009
Zoopla.co.uk, a property market resource, has completed the acquisition of the PropertyFinder Group from News International and the REA Group, for an undisclosed sum.
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Grosvenor takes Liverpool's One Park West three to court
07 August 2009
Developer could seek damages against private investors attempting to pull out of purchases
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Lake Superior
07 August 2009
Developers Anton Bilton and John Hitchcox take Erik Brown on a tour of their Cotswolds scheme that is defying the downturn
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The harder they fall
07 August 2009
Boom-time peaks have contributed to the severe drop in West Midlands values
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Urban Splash brings ray of light to West Mids
07 August 2009
Regeneration specialist Urban Splash has bought the former Sunbeam factory, one of Wolverhampton’s best-known industrial landmarks
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Welsh Assembly Governments injects £20m in to regeneration
6 August 2009
The Welsh Assembly Government has committed £20m to the regeneration of the North Wales Coastal Belt.
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Property portal offers guide to being a successful landlord
6 August 2009
Property rental portal upad.co.uk has issued a guide to help landlords.
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No return to housing boom, says RICS
6 August 2009
The Royal Institution of Chartered Surveyors has said there is little chance of returning to a housing boom, despite price rises in the UK this year.
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RICS sees house recovery this year
6 August 2009
UK house prices will increase in 2009, the RICS said, reversing an earlier prediction for a drop of as much as 15%.
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House starts 'may not recover for 5 years'
6 August 2009
Taylor Wimpey’s chief executive has warned that it could be five years before house building returns to pre-recession levels after the company was forced to write down the value of its land bank in the UK by £445m, despite increasing optimism about the state of the market.
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House price fall forecast halved
6 August 2009
House prices jumped by 1.1% in July, according to data from Halifax, and it halved its forecast for falls in the value of property in 2009.
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Off-plan buyers return to London
5 August 2009
Off-plan buyers have returned to the London housing market and are putting down deposits of thousands of pounds for homes that will not be completed for at least a year, amid a shortage of property for sale in the capital.
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Helmsley Group racks up £25m of syndication
4 August 2009
York-based Helmsley Group has bought £25m of property in the North of England in the last six-months for syndicates of private investors and pension funds.
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Dylan Harvey Residential in administration
4 August 2009
Dylan Harvey Residential, a Lancashire-based property company, has been placed into administration.
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Nationwide house index up for third month
31 July 2009
House prices increased for the third month in a row in July, according to a closely watched measure, raising hopes that the housing market is on the road to recovery. But economists remain extremely wary of forecasting that housing is heading back into another boom.
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First timers need savings help
31 July 2009
Almost 80% of Britons believe the government should encourage first-time homebuyers to start saving regularly by establishing a national deposit savings scheme that offers tax-free bonuses
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Hadden frontrunner for next chapter of Genesis Housing
31 July 2009
Homes and Communities Agency exerts control at troubled registered social landlord
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Let there be light
31 July 2009
With a block on large new developments from the Homes and Communities Agency, can Genesis Housing Group salvage its £300m Stratford tower scheme?
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Palazzo Versace Dubai in vogue
31 July 2009
Emirates Sunland Group, the joint venture between Emirates International Holdings and Australia’s Sunland Group, has committed to completing its flagship development in Dubai
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Nationwide reveals 1.3% rise in house prices
30 July 2009
According to its monthly index UK house prices in July rose for the third consecutive month.
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Barratt Homes and First Wessex to develop Southampton site
30 July 2009
Barratt Homes and First Wessex have been chosen as the preferred bidder to develop the Hinkler Parade site in Thornhill.
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Overseas boost for high price capital homes
30 July 2009
Demand from overseas buyers and a shortage of supply has led to a fourth consecutive month of price rises for prime central London properties.
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Santander claims one in seven mortgages
30 July 2009
Santander, which owns Abbey, said that it had taken one in seven new mortgages in the UK as it reported a 30% increase in first-half profits at its UK operations to £790m.
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Mortgage approvals up but well below trend
30 July 2009
Official figures showed that some 47,584 home loans were approved during June, up from 44,169 in May, but still well below the long-term average of 93,000 approvals per month. Gross mortgage lending by building societies rose to £1.976bn in June, its highest level since December but still 40% lower on the year.
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Eurozone mortgage demand rises
30 July 2009
Eurozone demand for home loans has turned positive for the first time since early 2006, while businesses are seeing a 'turning point' in the increasingly tough conditions imposed on bank loans, according to a European Central Bank report.
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Marchday secures planning for scheme on former wool factory
29 July 2009
Developer Marchday has received planning permission for a £100m mixed use scheme at the former Paton & Baldwins wool factory in Darlington.
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First house price rises for almost 18 months
29 July 2009
House prices rose in June for the first time in almost 18 months, according to the most comprehensive gauge of the market, in a sign that housing may be close to bottoming out.
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Skipton says house prices are stabilising
29 July 2009
Skipton Building Society, the UK’s fifth-biggest mutual, said there was increasing evidence the housing market was starting to stabilise as it reported house sales jumped 23% in the first six months of 2009 compared with the same period last year.
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Stalled developments to be kick-started
28 July 2009
Hundreds of stalled developments have been shortlisted for a share of a £925m pot to help restart housing construction that has been stopped by the downturn.
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Aviva scheme to shake up rental sector
28 July 2009
Britain’s housing landscape is set for one of its most profound changes in more than half a century after pension funds confirmed plans to build blocks of homes for private rental in areas of greatest need.
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RICS launches guides for estate agency
27 July 2009
The RICS has launched a ‘definitive guide’ for estate agents to raise agency standards and improve the consumers’ experience of the home buying and selling process.
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Housing 'may have stabilised'
27 July 2009
House prices were unchanged in July for the third month running, housing market analyst Hometrack said today, suggesting the slump in the property sector may finally have come to an end.
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Mass produced flats 'could stimulate sector'
27 July 2009
A tenant could soon be able to walk into a block of flats in almost any town in the UK and find identical features and quality, under plans to introduce US-style mass-produced rental accommodation.
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Mortgage woes stymie one in ten home sales
24 July 2009
Almost one in ten home sales falls through because buyers cannot obtain finance, a survey of members of the RICS carried out for The Times has found.
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Mortgage lending highest since March 08
24 July 2009
The number of mortgages approved for house purchase hit its highest level since March 2008 last month. High street banks approved 35,235 mortgages for new house purchases in June, up 64% on the year, figures from the British Bankers’ Association show. But this is lower than the monthly average of 61,500 over the past 12 years.
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Berkeley Group sells all 52 flats in Forest Hill scheme
24 July 2009
Berkeley Group has sold all 52 flats in its City Walk scheme in Forest Hill, south-east London, to investors in Hong Kong, Malaysia and Singapore
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Frosty reception for reduced first phase of eco-towns …
24 July 2009
Experts concerned about location and infrastructure as housing minister names first four sites
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Lawyer warns of the cost of house rent reform
24 July 2009
Government proposals to redefine houses in multiple occupation (HMO) for planning purposes could have costly consequences for developers and home owners forced to enter the letting market because they are unable to sell their property, a law firm claimed this week
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Private-rented slumlands
24 July 2009
The private-rented sector is hailed as the solution to the housing shortage. But in this extract from her new book, Ground Control, Anna Minton reveals how private landlords helped create ‘ghettoes’ in Edinburgh
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The power of equity
24 July 2009
Highly geared locations will lag behind in any market recovery
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Buccleuch to sell estate agency
23 July 2009
Buccleuch Group has agreed to sell its Borders estate agency to Scottish property consultancy CKD Galbraith.
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Warning over 'unsustainable' home loan rise
21 July 2009
A sharp rise in mortgage lending last month reflects seasonal trends rather than a sustainable pick-up in the housing market, economists warned yesterday.
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Mortgage lending up
21 July 2009
More home loans were agreed last month in the latest sign that the housing crash may be bottoming out, Council of Mortgage Lenders data showed. The CML said that gross mortgage lending rose by £12.3bn in June, its highest level this year, although this remained 50% down from a year ago.
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South-east faces 'severe shortage' of homes
20 July 2009
New build home starts in the south-east this year will be at their lowest level since the 1950s leading to a severe shortage of housing, research from Knight Frank has said.
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£18m lift for north-west pathfinders
20 July 2009
The Homes and Communities Agency has approved extra funding of £18m to provide housing renewal in the north-west region.
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Mortgage lending increases in June
20 July 2009
Gross mortgage lending in June was an estimated £12.3bn, 17% higher than the previous month, the Council of Mortgage Lenders (CML) has said.
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House prices and sellers boost hopes for property market
20 July 2009
Property prices in England and Wales rose by nearly £1,500 this month while the number of sellers jumped by a fifth, boosting hopes that the housing market may be over the worst.
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Government allocates £1.7bn for new homes
17 July 2009
Housing Minister John Healey today announced £1.7bn funding to build 11,200 new homes and regenerate 10 of the most deprived areas of the country.
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Residential development land values stabilise
17 July 2009
The value of residential development land has stabilised across most UK regions after five negative quarters according to Knight Frank’s Residential Land Index.
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Reita launches online property investment guide
17 July 2009
Reita, the education and awareness campaign for property investment and REITs, has launched a new online, interactive guide, www.property-guide.reita.org, aimed at helping anyone considering investing in property.
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Home to roost
17 July 2009
In the recession, housebuilders have replaced the boom practices of land banking and high-volume speculative development with a more risk-averse approach
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Housebuilders' shares rise by 36%
17 July 2009
Housebuilders’ share prices rose 36% in the first half of 2009, and the sector’s two most debt-burdened companies, Barratt Developments and Taylor Wimpey, led the way
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London's 'utter prime' nets Ritchie £60m in six weeks
17 July 2009
Residential Land chief hails central London market after slew of sales to cash-rich investors
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Normal service resumed
17 July 2009
The housing market recovery is in full swing but challenges remain
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Southern launches resi fund
17 July 2009
Southern Properties Group has launched a £100m unlisted fund to invest in the UK residential market
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Healey unveils first eco-towns sites
16 July 2009
Housing minister John Healey today unveiled the four locations for the UK’s first eco-towns.
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DTZ to give Trafford housing growth advice
16 July 2009
DTZ has been appointed to advise Trafford Council on economic and housing growth
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Squatters move into Billionaires' Row
16 July 2009
Squatters have moved into a London super-mansion in a road dubbed “Billionaires’ Row”, a few doors from a house owned by the steel magnate Lakshmi Mittal.
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House prices fall
15 July 2009
Official figures showed that house prices fell slightly during May but the annual pace of house price declines eased to 12.5%, from 13% in April. The average house price stood at £188,991 in May, down from £189,215 in April.
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Treasury scheme to help propery 'not working'
14 July 2009
The Treasury's Asset-backed Guarantee Scheme, one of the key policy measures enacted by the Government to get the housing market moving again, 'seems not to be working', according to MPs. The guarantees were made available in April, but none of the major banks has issued a security with such a guarantee.
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Banks 'exploiting' borrowers with huge margins
14 July 2009
Banks have been accused of exploiting home buyers by having the biggest profit margins on mortgages for more than 20 years.
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House sales on up as market eases
14 July 2009
Inquiries by would-be homebuyers at estate agents are increasingly translating into purchases, according to figures published today, in a further sign that the housing market is improving.
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Dukelease Properties buys Covent Garden building
13 July 2009
Dukelease Properties has bought a mixed-use block in London’s Covent Garden from The Royal London Mutual Insurance Society for £10.22m at a yield of 6.96%.
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BPF launches new conduct and complaints code
13 July 2009
The British Property Federation will launch a new code of conduct and complaints system this evening alongside a free downloadable tenancy agreement form.
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Popular first-time buyers schemes scrapped
13 July 2009
Ministers have quietly scrapped two of the most popular schemes aimed at helping first-time buyers on to the housing ladder.
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Taxman to target landlords
13 July 2009
The taxman is seeking powers to triple the amount of tax it raises from Britain’s 700,000 landlords.
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Buy-to-let landlords 'can claim millions back'
13 July 2009
Thousands of buy-to-let landlords could be in line to claim millions back from estate agents as a result of a landmark High Court ruling yesterday against Foxtons.
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Barratt sees sales down 14%
10 July 2009
Barratt said that total average sale prices for the year were down by 14% to £157,000, while the number of completions fell by 29% to 6,297. Its net debt stands at £1.28bn, down by £370m from a year ago.
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Redrow sees 12% price drop
10 July 2009
Redrow reported a fall in new home completions to 2,113 during the past 12 months, and a 12.3% fall in the average sale price. It added that the sales market had stabilised over the past six months and affordability had improved.
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Housing recovery 'stunted by mortgage shortage'
10 July 2009
Barratt Developments and Redrow today warned that signs of stability in the UK housing market were being undermined by banks' reluctance to provide mortgage finance to borrowers.
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Parents propping house market
10 July 2009
Gifts and loans from parents are helping to prop up the housing market for young, first-time buyers, according to new data from the Council of Mortgage Lenders.
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College Dropouts
10 July 2009
Sandwell in West Bromwich is one of the ‘lucky 13’ colleges to receive development funds from the Learning and Skills Council. Others have not been so lucky
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Labour turns up heat at Chelsea Barracks
10 July 2009
Labour councillors demand confirmation of 50% affordable housing units
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MPs attack cash incentives for housing plans
10 July 2009
Government housing policy has come under renewed attack after MPs said financial incentives given to councils to speed up residential planning applications often had ‘perverse’ consequences
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Park Royal flats proceed
10 July 2009
Network Housing Group has won planning permission from Brent Council for 145 keyworker flats next to Central Middlesex Hospital in Park Royal, north-west London
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125% mortgage returns
9 July 2009
Nationwide customers are being offered negative equity mortgages that will allow homeowners once again to borrow more than the value of their intended house purchase. It has begun offering its customers suffering from negative equity a mortgage that provides up to 125% of a property’s value, should they want to move. Borrowers will still need to provide a 5% deposit.
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House prices show dip
9 July 2009
A house price index registered a small decline in June, contradicting other indices that show house prices rising or stable and implying that the road to price stability is likely to be a bumpy one. The Halifax house price index showed a 0.5% decline in June from May, in contrast to the 0.9% rise in another index from lender Nationwide.
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Shelter claims sale and leaseback win
9 July 2009
Shelter, the housing charity, said that it had recently won a court case against a sale and leaseback company on behalf of a family faced with eviction. Shelter said that the landmark court ruling would pave the way for similar decisions in future.
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Lowest house price falls since start of 2008
8 July 2009
House prices fell by under 2% in the second quarter of the year, the smallest fall since the start of 2008.
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'No more hobbit homes,' says Boris
8 July 2009
London Mayor Boris Johnson has called for an end to badly designed ‘hobbit homes’ in the capital with new guidance published on the design of publicly funded homes from 2011.
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Mayor of London and HCA invest £32m in Greenwich regeneration projects
8 July 2009
The London region of the Homes and Communities Agency (HCA) is to invest £32m to unlock the housing element of two major regeneration schemes in Greenwich.
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HCA director Stephen Oakes to join London Thames Gateway Development Corporation
7 July 2009
Stephen Oakes, director for the London region of the Homes and Communities Agency (HCA), is leaving to join the London Thames Gateway Development Corporation as its director of development.
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Former Redrow chief aims to float London residential property company
6 July 2009
Paul Pedley, the former CEO of housebuilder Redrow, is aiming to float a company that would buy new-build residential property in London.
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Labour councillors call for affordable housing commitment at Chelsea Barracks
3 July 2009
Westminster Council’s Labour councillors have tabled a motion asking for the Conservative-led council to confirm that the re-design of the Chelsea Barracks development will still require 50% affordable housing.
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Councils fight for their right
03 July 2009
Fed up with ‘right to buy’ starving them of cash for large-scale development, local authorities are calling for ‘root and branch’ reform
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House prices hold steady
03 July 2009
Rising sales volumes, a dwindling supply of housing and a continued increase in demand are propping up prices, which have remained unchanged for the past two months, Hometrack, the market information firm, reported this week
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Learning curve
03 July 2009
Housebuilders need to explore ways of protecting themselves from future shocks
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Morpheus's green dream homes
03 July 2009
Morpheus has made sustainable development pay by selling all three five-bedroom houses in its Clareville Street scheme in London’s south Kensington, just weeks after being launched on the market
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Yoo takes control of Linfoot’s Leeds and Manchester projects
03 July 2009
John Hitchcox pays nominal £1 for Manor Mills and Manyoo, with help from Bank of Ireland
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La SAS Delta Immo sells Paris apartments
30 June 2009
La SAS Delta Immo (MAIF) has sold five residential buildings to Paris Habitat for €25.4m in Paris.
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UK supermarket sector continues to expand
30 June 2009
The UK grocery operators are capitalising on expansion opportunities created by the downturn, according to the latest research from CB Richard Ellis.
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Westminster to overhaul planning after Barracks row
30 June 2009
Westminster Council is to hold planning workshops involving architects, planning experts, local residents and businesses to determine the future of development in central London following the furore over the Chelsea Barracks development.
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UK house prices hold steady
30 June 2009
UK house prices recorded their third rise in four months, according to a closely watched index, suggesting that the troubled housing market has stabilised despite very low turnover.
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Government increases affordable homes spend to £2.1bn
29 June 2009
Gordon Brown has announced he will treble the amount being invested in the provision of affordable houses.
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Landlords to tell MPs of trading hardship
29 June 2009
The National Landlords Association will tomorrow tells MPs that residential landlords are facing significant difficulties in trading properties and refinancing their portfolios.
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Johnson agrees Barratt's 750 homes Thames Barrier plans
26 June 2009
Boris Johnson has today agreed Barratt Homes’ plans for 750 homes to be developed next to the Thames Barrier in Newham.
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City sees housing recovery approaching
26 June 2009
The housing market slump is close to ending, with prices set to bottom out later this year and begin rising again by 2011, the City is predicting.
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‘Canalside Quarter’ student village due to complete 2009/10
26 June 2009
Victoria Hall is due to complete its 750-unit student village in Wolverhampton’s ‘Canalside Quarter’ in time for the 2009/10 academic year
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Bricks and mortar boards
26 June 2009
Drivers Jonas’s crane survey of London shows an alarming shortage of student housing, which is also affecting universities around the UK
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Halls to play for
26 June 2009
In a bombed-out investment market, student accommodation is one of the few areas with growth potential
-
Higher education in Leeds
26 June 2009
In Leeds, student accommodation is scaling new heights as Unite puts the final touches to what it claims to be the world’s tallest building in the sector
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Homes agency to back Croydon prototype
26 June 2009
Government to pilot private-rented sector with Stanhope and Schroders
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In a class of its own
26 June 2009
Student housing remains a strong sector for investors
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Minford: no growth before 2010, north to recover first
26 June 2009
Former economic adviser to Margaret Thatcher bemoans lack of leadership at Bank of England
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Repo search website launched
26 June 2009
A website that specialises in repossessions and new-build stock was launched last week to tap what its backers hope will be a resurgence in demand from private investors in residential property
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The Hamilton Halls for sale
26 June 2009
The Hamilton Halls building overlooking the first tee of the Old Course at St Andrews is for sale.
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Lancaster Council quits Centros £150m scheme inquiry
25 June 2009
Lancaster City Council has pulled out of an inquiry into developer Centros’s £150m city centre regeneration plans.
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Crown Estate and HCA team up to build 15,000 homes
25 June 2009
The Crown Estate and the Homes and Communities Agency have teamed up to develop 15,000 sustainable homes across the UK.
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Triathlon Homes secures £95m loan
24 June 2009
Triathlon Homes has secured a £95m loan from the European Investment Bank which will assist in the building of the 2012 Olympic Village.
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Home loans rise
24 June 2009
The number of new mortgages for house purchase agreed by banks rose to 31,000 in May, from 29,000 in April, reaching its highest levels for a year, the British Bankers’ Association reported. The average value of new home loans also rose for the fifth consecutive month.
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City Legacy consortium picked for Commonwealth Village
23 June 2009
The City Legacy consortium has been selected as the preferred developer of the £300m Commonwealth Games Village in Glasgow. The village is being built for the 2014 games which will be held in the city’s east end.
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Repossession rate falling says CML
23 June 2009
Fewer homeowners are expected to face repossession this year than had been feared because there is less pressure on people struggling with mortgage repayments, according to a forecast from the Council of Mortgage Lenders.
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Mortgage arrears ease
23 June 2009
Cuts in interest rates and pressure on lenders to be lenient on people struggling with mortgages appear to have borne fruit, according to data published yesterday.
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One in ten borrowers in negatibe equity
23 June 2009
One in 10 borrowers with an excellent credit record are trapped in negative equity, owing more on their mortgage than the value of their homes, says a report that forecasts a peak-to-trough fall in house prices of up to 35%.
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Triathlon Homes to buy 1,379 Olympic Village affordable homes
22 June 2009
Triathlon Homes, a joint venture between First Base and housing associations Southern Housing Group and East Thames Group, will buy 1,379 affordable homes in the Olympic Village for £268.7m.
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Former Countryside director sets up new firm
22 June 2009
Former regional land director at Countryside Properties Mark Thompson has set up a north-west based property consultancy company Blue Sphere.
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House prices fall in June
22 June 2009
House prices dipped in June as rising mortgage rates made it increasingly difficult for cash-strapped first-time buyers to secure home loans, according to new figures published today.
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Landmark Castlevale gets green light for 32-acre Wakefield scheme
19 June 2009
Developer Landmark Castlevale has received planning permission for a 32-acre mixed use development at Langthwaite Grange Industrial Estate in South Kirby, Wakefield.
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House demand signs firm up
19 June 2009
The discount homebuyers can expect when buying property at an auction has fallen to its lowest level in 15 months as confidence starts to return to the housing market.
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CML wary on house prices
19 June 2009
House prices will not see a significant recovery in the coming months, the Council of Mortgage Lenders has warned, as figures show mortgage lending dropped further last month.
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Affordable housing battle looms at Chelsea Barracks …
19 June 2009
Qatari Diar and Westminster City Council braced for confrontation over off-site provision of homes
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Homes planned in former quarry
19 June 2009
Farran Homes has secured planning permission to redevelop the former Spital Hill quarry and concrete plant in Coleraine, Northern Ireland
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Let’s not tempt fate, but ...
19 June 2009
... prime central London property is showing signs of recovery
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Westfield pushes for shop floors at World Trade Center
19 June 2009
But Australian developer’s proposal conflicts with Larry Silverstein’s office-led vision
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What price the olympic village?
19 June 2009
Mira Bar Hillel scrutinises the costs of the flagship Olympic Games complex
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Bouygues selected for £3.7bn Newham regeneration project
18 June 2009
French developer Bouygues has been selected for the £3.7bn Canning Town and Custom House regeneration project.
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Planning submitted for 149m tower in London’s Vauxhall
17 June 2009
Development consortium Vauxhall Bondway has submitted a planning application for a 149m tower, called The Octave, in London’s Vauxhall area.
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Further rise in house build volumes points 'mild recovery'
17 June 2009
The National House Building Council said its latest statistics show the third successive rolling quarter-on-quarter rise in the number of applications from builders to start new homes in the UK, providing further evidence of a 'mild recovery in house-building production'.
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Ely secures planning for Islington student 'village'
17 June 2009
Student accommodation provider Ely Property Group has received full planning approval for a 400 bed dedicated student village in Iseldon Road, Islington London.
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Wembley masterplan backed by Brent
16 June 2009
The London Borough of Brent’s executive committee last night adopted the Wembley Masterplan 2009, a document that has been drawn up to ‘guide the long-term development’ of Wembley, north-west London.
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HCA has ‘single conversation’ with Norwich City Council
16 June 2009
The Homes and Communities Agency (HCA) has announced plans for a long-term housing partnership deal with Norwich City Council, as one of the outcomes from its new business process, the ‘Single Conversation’.
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Green light for Coleraine quarry redevelopment
16 June 2009
Farran Homes has secured planning permission for the redevelopment of the former Spital Hill quarry and concrete batching plant in Coleraine, Northern Ireland.
-
Developer wins consent for south-west’s tallest tower
16 June 2009
Developer Devington has won planning permission for a scheme in Plymouth which includes the south-west’s tallest tower.
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Brampton Asset Management (Leicester) in administration
15 June 2009
Residential developer Brampton Asset Management's Leicester subsidiary has been placed into administration.
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RICS says gap between asking and selling price narrows
15 June 2009
Almost 60% of surveyors are now reporting that the gap between asking and selling price of houses is narrowing according to RICS research published today.
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Glenkerrin wins planning appeal for major development in Dublin's Ballsbridge
12 June 2009
Ray Grehan's Glenkerrin has received permission to develop his Number One Ballsbridge scheme in Dublin from the Irish planning appeals board, An Bord Pleanala.
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Paul Finch condemns Prince Charles’s political meddling in planning process
12 June 2009
The World Architecture Festival director Paul Finch has condemned Prince Charles’s interference in the planning process at Chelsea Barracks.
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Qatari Diar withdraws Chelsea Barracks planning application
12 June 2009
Qatari Diar has withdrawn its planning application for the Chelsea Barracks site today and said it will work on a ‘comprehensive review of its plans’ and invite new architects to submit proposals for the scheme.
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Bank warns on negative equity
12 June 2009
Negative equity in the housing market appears to be affecting a similar number of households as it did during the housing bust of the 1990s, but it could be still more dangerous for the financial system and economy, according to the Bank of England.
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Mortgage approvals rise
12 June 2009
Figures from the Council of Mortgage Lenders showed that mortgage approvals rose by 16 per cent in April to a six-month high of 35,600 — but still 28% lower than in April last year.
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Berkeley beating follows stake sale
12 June 2009
Berkeley Group’s shares slid sharply on Tuesday after the housebuilder’s largest shareholder sold almost half its stake for around £113m
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Berkeley calls bottom of market with buy in Belgravia
12 June 2009
Developer returns to central London market with £22m acquisition of the Met’s Johnson House
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Beware false dawns
12 June 2009
Market activity is picking up, but prices may still have further to fall
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Green light for Gloucestershire eco scheme
12 June 2009
Barratt Developments and the Homes and Communities Agency have been given the go-ahead to build what they claim will be England’s first large-scale, zero-carbon housing development
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Milan's old master brings renaissance to Victoria
12 June 2009
Alessandro Cajrati Crivelli developed Italy’s premier fashion quarter, and has just completed a London residential scheme with spacious art galleries
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New fund to buy 'mispriced' homes in Midlands and north
12 June 2009
Residential Property Recovery Fund finds ‘unprecedented’ buy-to-let opportunities
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Pattinson's new approach is choked by old hands
12 June 2009
Pattinson’s debut London sale suffered from being held on the same day as an Allsop residential sale
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Private rented proves popular
12 June 2009
The Homes and Communities Agency has said 64 parties have expressed interest in the private-rented sector initiative, among them UK pension funds and other investors, property developers, fund managers, housing associations and property managers
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Rising house prices swell Allsop's coffers
12 June 2009
Latest results show an 86% sale rate and £46m raised
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Secret Millionaire granted consent in Cumbria and Scotland
12 June 2009
Eatonfield, the Cheshire-based residential and commercial developer, has won outline planning consent for two sites, totalling 170 acres
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Planners sit on the fence over Chelsea Barracks scheme
11 June 2009
The tortuous Chelsea Barracks planning saga is to take another turn, as Westminster planning officers have declined to make any recommendation on Qatari Diar’s application for a residential scheme.
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Lord Poole appointed chairman of Hudson Global
11 June 2009
Lord Poole has been appointed chairman of recently formed private equity real estate investment company Hudson Global Capital Partners.
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Newport Council seeks new developer for Friar’s Walk
10 June 2009
Newport City Council is looking for a new developer for the Friar’s Walk scheme after ending discussions with Modus and partner Aim listed Ciref.
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New housing minister John Healey pledges to secure housing recovery
10 June 2009
New housing minister John Healey, who replaced Margaret Beckett in the recent reshuffle, has pledged to continue to ‘really help’ struggling homeowners and kickstart the housing sector.
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HCA receives 64 'expressions of interest' for private rented sector
10 June 2009
The appetite for new residential investment opportunities has been confirmed by the high level of expressions of interest in the private rented sector said the Homes and Communities Agency (HCA) today.
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Junared goes into administration
9 June 2009
Private developer the Junared Property Group has gone into administration.
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Increased buyer interest boosts housing market says RICS
9 June 2009
A further increase in both new buyer enquiries and sales and a reduction in the level of housing supply has begun to provide ‘some support for residential property prices’, according to the RICS.
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Boris Johnson says Olympics legacy ‘on track’
9 June 2009
The Mayor of London Boris Johnson said that London’s 2012 legacy plans are firmly on track today.
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South of England leads housing pick-up
8 June 2009
The North-South divide is increasing in the housing market, according to Bellway, one of the biggest house builders. The company said yesterday that while its sales in the South, particularly in London, were showing signs of recovery, the North was taking longer.
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Nationwide surveyors 'shave new-build valuations'
8 June 2009
Surveyors for Nationwide Building Society have been pushing down their valuations of new-build houses, according to the Financial Times.
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Commercial First to reopen to new business
8 June 2009
Commercial First, the Essex-based mortgage lender that was forced into hibernation after closing its doors to new business last year, is set to recommence lending to its customers.
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Candy's CPC gets Chelsea consent
5 June 2009
Christian Candy’s CPC Group has been granted planning consent for a 49-apartment on King’s Road in Chelsea.
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HCA buys Bristol’s Blackberry Hill Hospital site
5 June 2009
The Homes and Communities Agency (HCA) has bought Blackberry Hill Hospital from North Bristol NHS Trust.
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Green village gets go ahead
5 June 2009
Barratt Developments and the Homes and Communities Agency (HCA) have received planning permission to build 195 zero-carbon homes as part of the Hanham Hall ‘eco village’ in South Gloucestershire.
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Halifax index shows gains
5 June 2009
House prices saw their largest month-on-month rise in seven years in May, adding to signs that the market may be stabilising after falling almost without interruption since the end of 2007.
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Beckett and Cooper go on the offensive over housebuilding
05 June 2009
Duo attack Tories’ record before communities secretary Hazel Blears quits cabinet
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BPF launches code of conduct for landlords
05 June 2009
A new code of conduct and complaints system was launched last week by the British Property Federation, alongside a free downloadable tenancy agreement form
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Hatton’s Morpheus dream in Cyprus is over
05 June 2009
One-time Labour political firebrand Derek Hatton’s property company, Morpheus Investments, is being wound up after amassing debts of more than £400,000
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Housing pain: Industry leaders give advice to young property professionals
05 June 2009
Young property professionals debated housing and regeneration at the 1st Friday London breakfast
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Manchester Arena: 1st Friday Club
05 June 2009
Nearly 200 young property professionals gathered at the Room Manchester’s restaurant for May’s 1st Friday Club
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Notting Hill trust to relocate
05 June 2009
Hammersmith-based housing association Notting Hill Housing Trust has appointed Ashwell Rogers to identify suitable offices to purchase for its relocation
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Reef double in Essex and Ashby
05 June 2009
Reef Estates has let the commercial space of its mixed-use scheme in South Ockendon to South West Essex Primary Care Trust on a 15-year lease at £75,000 a year
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House prices up after three months of decline
4 June 2009
Halifax recorded a first time increase in house prices in May after three successive months of decline.
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Landlords face liability for unpaid water bills
4 June 2009
Residential landlords could be made liable for unpaid water bills left by departing tenants under a government review of water charges.
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Mayor backs Kidbrooke regeneration plans
3 June 2009
Berkeley Group’s £1bn plans to regenerate the Ferrier Estate in Kidbrooke have received the backing of Mayor of London Boris Johnson.
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Cavendish & Gloucester launch a residential land fund
3 June 2009
Cavendish & Gloucester (C&G), a London-based property company, has launched a land fund for private investors to take advantage of an ‘unprecedented’ opportunity in the new-build housing market.
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Government pushes sale and rent back regulation legislation forward
3 June 2009
The government has introduced secondary legislation to bring residential sale and rent back agreements within the scope of Financial Services Authority (FSA) regulation yesterday.
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Global house price falls during first quarter the 'worst ever'
3 June 2009
House price falls during the year to the end of quarter one in 2009 was the worst ever according to the Global Property Guide survey of house prices in 32 countries.
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Landro unveils Felixstowe cliff top residential scheme
2 June 2009
Developer Landro has unveiled its plans for a cliff top residential scheme in the Felixstowe conservation area.
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Prime mortgage arrears rise
2 June 2009
The proportion of prime UK residential mortgages that are three months or more in arrears has more than doubled in the past year, according to new data.
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Builders slam Nationwide pricing policy
2 June 2009
Nationwide Building Society risks depressing new home prices through an overly strict approach to valuations, according to leading housebuilders.
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House price falls ease
2 June 2009
The rate at which house prices are falling showed further signs of moderating during April, figures showed yesterday. The average home in England and Wales lost 0.3% of its value, the smallest drop for more than a year, according to the Land Registry.
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Bulgarian Land starts 1m sq ft Black Sea scheme
1 June 2009
AIM-listed property company, Bulgarian Land Development said it has raised sufficient finance to begin work on the first phase of July Morning, its 1m sq ft seaside development in Karvana along the Black Sea coast.
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Administrators transfer Bovey's Imagine to new company
29 May 2009
The lettings business of Grant Bovey’s collapsed Imagine Homes has been transferred to a company called Now Lettings.
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Nationwide reports unexpected house price rise
29 May 2009
Hhouse prices unexpectedly jumped by 1.2% in May in a sign the property market slump is easing, Nationwide Building Society said.
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'Stress test' shows how house prices could halve
29 May 2009
Financial regulators acknowledged the possibility of unemployment rising by another 1.5 million and the average house price halving to only £93,000.
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Fixed mortgage rates to rise after gilts sell-off
29 May 2009
Banks are likely to face increasing pressure to put up fixed mortgage rates after a sell-off in the government bond markets this week.
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High Court rejects Herts homes strategy
29 May 2009
Plans for thousands of homes in Hertfordshire were rejected by a High Court judge last week, who ruled that they must be reconsidered
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RBS slammed for placing flats scheme into administration
29 May 2009
Bank shunned financial offer from developer of Sunningdale luxury flats scheme Charters
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Seaside effects
29 May 2009
South-west land value falls are the same in both prosperous and deprived areas
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Special pleading
29 May 2009
Almost three decades on from the Toxteth riots and bleak lyrics of the Specials, inner city decay still haunts the UK. Doug Morrison reports on the BPF’s manifesto for regeneration, published this week
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Scottish Applecross turns sour as receivers appointed
28 May 2009
Scottish upmarket housebuilder Applecross has been placed into receivership.
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Mortgage lending at eight year low
28 May 2009
Net mortgage lending hit the lowest level in eight years during April while savings growth remained subdued. Net lending was £2.7bn in the month, much lower than the six-month average of £3.4bn. The number of loans approved for house purchase rose to 27,685 in April, from 26,671 in March.
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Maximus gets fired up for £175m scheme in Derbyshire
27 May 2009
Maximus, the Worcestershire-based developer, has got the green light for a major £175m regeneration scheme on a former coal mine in Derbyshire.
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Telford Homes posts profit and expresses ‘cautious optimism’ for future
27 May 2009
East and North London residential developer Telford Homes posted a £4.3m profit today but suspended a dividend payment to focus on ‘controlling cash’.
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Banks 'exploit' mortgage holders
27 May 2009
Banks have been accused of exploiting mortgage customers after their profit margins increased to the highest level since the beginning of the credit crisis.
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High Court throws out landlords' associations merger challenge
26 May 2009
The National Landlords Association (NLA) has welcomed a decision by the High Court to throw out a legal challenge against its merger last year with the National Federation of Residential Landlords (NFRL).
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Plans submitted for two office buildings at Wood Wharf
26 May 2009
Detailed planning applications for the first two office buildings at the Wood Wharf scheme in London’s Docklands area have been submitted to the London Borough of Tower Hamlets Council today.
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UK housebuilding decline begins to stabilise
26 May 2009
The number of UK new home construction starts has begun to increase after the first quarter-on-quarter rise in new home applications in almost two years, says the National House Building Council.
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First time buyers are 'giving up hope'
26 May 2009
The housing market remains mired in recession because seven in 10 first-time buyers have given up hope of ever owning their own homes, a leading property analyst has said.
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Audit Commission praises Medway £6bn regeneration programme
22 May 2009
The Audit Commission has praised Medway’s £6bn regeneration programme by giving it the highest rating ever received by a local authority.
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Nationwide chief slams 'daylight robbery'
22 May 2009
Nationwide called the amount it will have to pay under the government’s Financial Services Compensation Scheme 'daylight robbery of our members'.
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British Property Federation launches landlords’ code
22 May 2009
Among first-time measures to be adopted are redress for tenants and registration with ombudsman
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Build to let: The big questions
22 May 2009
The Homes and Communities Agency this month launched a plan to bring institutional money into residential investment. Doug Morrison and Deirdre Hipwell pose some questions
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Grainger head takes leave of absence
22 May 2009
Ill health forces Dickinson to temporarily withdraw from role
-
Hunt chases London office
22 May 2009
Foxtons founder Jon Hunt, who sold the estate agency business at the peak of the market for £370m, is poised to buy a £16m London office block
-
Islington plan reaches First Base
22 May 2009
First Base is the first developer in London to secure investment from the Homes and Communities Agency to kickstart a mothballed affordable housing project
-
Londonewcastle shuffles pack
22 May 2009
A boardroom reshuffle at Londonewcastle has resulted in founding directors David Barnett and Robert Soning becoming chief executive and director of operations and marketing respectively
-
Peer plans Redhill redevelopment
22 May 2009
London-based Peer Group plans the redevelopment of Cromwell Road and High Street in the centre of Redhill
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Repossessions up, but forecast out
22 May 2009
The Council of Mortgage Lenders’ latest figures show a 50% rise in repossessions to 12,800 during the first quarter of 2009, but the RICS believes the total for the year will fall short of the widely forecast estimate of 75,000
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Johnson aims to halve London's 'severe overcrowding' in social housing
21 May 2009
Mayor of London Boris Johnson has pledged to halve severe overcrowding in London’s social housing sector by 2016.
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Mortgage lending down by £1bn in April
21 May 2009
Mortgage lending declined by £1bn in April compared with the previous month, the Council of Mortgage Lenders has said.
-
Major Glasgow canal plans will be 'sustainable communities of the future'
21 May 2009
Two major regeneration projects along Glasgow’s canal corridor were announced as 'sustainable communities of the future' by the Scottish government yesterday.
-
Mortgage targets first timers
21 May 2009
A mortgage that enables parents to help children to buy their first home but without drawing on their own savings has been launched by Lloyds Banking Group.
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Chelsea Barracks protestors at Flower Show
19 May 2009
A group of campaigners opposed to the redevelopment of Chelsea Barracks protested at the RHS Chelsea Flower Show today.
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Grainger’s Rupert Dickinson to take medical leave of absence
19 May 2009
Listed residential company Grainger’s chief executive officer Rupert Dickinson is taking an immediate leave of absence from the company due to ill health.
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Brandeaux re-opens Student Accommodation Fund
19 May 2009
Brandeaux’s has reopened its Student Accommodation Fund and raised more than £15m.
-
Asking prices on houses rise in May
18 May 2009
A mixture of 'ambition, optimism and necessity' among sellers has driven a surprise 2.4% jump in asking prices for homes over the past month, according to the property website Rightmove.
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House sales raise hopes
18 May 2009
The housing market continued to show signs that the worst of the economic crisis may be over. The RICS said that enquiries from new buyers rose in April, the sixth consecutive month of growth. It also reported that sales were up for the month, albeit from exceptionally low levels, with estate agents selling an average of 10.6 properties over the past three months, up from 9.7.
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Repossessions increase by 50%
15 May 2009
The number of repossessions in the first quarter of 2009 increased by 50% from the same period last year according to the Council of Mortgage Lenders (CML).
-
Property rental values fall for the 14th consecutive month
15 May 2009
Property rental values have dropped 3.21% in April for the 14th consecutive month, according to Investment Property Databank (IPD).
-
Shearer scores in Swindon
15 May 2009
Shearer Property Group and UK Commercial Property Trust (UKCPT) have got the green light for a redevelopment in Swindon town centre in a rare development to start this year.
-
First-time buyers return to market
15 May 2009
The number of first-time buyers climbing on to the property ladder rose by more than a third in March as bargain hunters returned to the market, figures show.
-
Blears tells BURA: no more cash for regeneration projects
15 May 2009
Launch of ‘recession-era’ framework promises greater local focus but no new funds
-
Housing: depressed, housebuilders: hopeful
15 May 2009
Developers remain concerned about the continuing level of depressed sales, even though many of them believe that house prices will stabilise by the end of the year
-
Partnership provides Ealing hand
15 May 2009
Ealing Borough Council has selected a joint venture between Rydon and A2Dominion Group as its preferred partner for the redevelopment of its Green Man Lane estate in west London
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Scotland’s National disservice
15 May 2009
Nationalism is threatening to kill off Scotland’s construction industry, says Gordon Banks MP
-
Voyage of recovery
15 May 2009
Buyer enquiries and a lack of supply are shoring up house prices
-
Boris Johnson rejects Queen’s Market plans
14 May 2009
The mayor of London Boris Johnson today directed Newham Council to refuse planning permission for St Modwen’s plans to redevelop Queen’s Market in Upton Park.
-
Barratt spies hint of recovery
14 May 2009
Enthusiasm among homebuyers has started to drive sales in some of the most difficult sites in Barratt’s portfolio in recent weeks, said Mark Clare, chief executive of the housebuilder.
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House price decline ‘slowing markedly’ says Chesterton Humberts
14 May 2009
UK house prices are at their lowest level since July 2004 but the average price of a residential property in England and Wales fell by only £1,575 in April, significantly less than the six month average fall of £2,649.
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Abbey to relax criteria for msome mortgages
14 May 2009
Abbey, the country’s second-largest mortgage lender, will relax the lending criteria on its most popular home loans tomorrow, providing a significant boost to the mortgage market.
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BPF and Grainger call for ‘coordinated’ government housing approach
13 May 2009
The British Property Federation said the government’s response to the Rugg Review into the private rented sector was ‘positive’ but the proposed measures must be implemented in coordination with other government initiatives.
-
RICS: Government must ‘swiftly’ implement housing measures
13 May 2009
The RICS has said the government must take ‘swift action’ to implement its measures to strengthen the private rented sector.
-
HCA publishes online guidance
13 May 2009
HCA publishes online guidance to help partners with ‘single conversation’
-
FSA proposes income-based limits on mortgages
13 May 2009
Home buyers may have the size of their mortgage limited to a multiple of their income under possible reforms outlined by the Financial Services Authority yesterday.
-
Buy-to-let landlords struggle with loans
13 May 2009
Tens of thousands of landlords are struggling to meet their mortgage repayments as the economic downturn devastates the buy-to-let market, according to a new report.
-
Redrow restarts building with family focus
13 May 2009
Redrow will concentrate on building three- and four bedroom family homes in future as the house building market shifts to lower density housing, according to David Arnold, group finance director.
-
Auction house prices a quarter below open market
12 May 2009
The prices paid for property at auction still have a long way to fall, but the outlook for the housing market is not quite as dire as a few months ago.
-
FSA hits martgage broker with £100,000 fine
12 May 2009
A mortgage broker who hid a criminal record and asked that regulators travel to Nigeria to interview him has been barred from practising and fined more than £100,000 by the City watchdog in a sign of its renewed determination to use hefty fines to deter wrongdoing.
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Housing sales and buyer enquiries rise in April
12 May 2009
Housing sales in April edged up ‘a little further’ and surveyors reported a rise in new buyer enquiries climbing to the highest figure for almost a decade, according to the RICS.
-
Think tank calls mortgage lending cap
11 May 2009
Strict new controls on mortgage lending are crucial if Britain is to avoid further house price bubbles in the future, a leading think tank with close links to the Government will say today.
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Redevelopment of US Navy HQ sets sail
8 May 2009
Plans led by Richard Caring to redevelop the US Navy headquarters in London’s Grosvenor Square were given the go ahead last night by Westminster City Council.
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Taylor Wimpey in £510m cash call
8 May 2009
Housebuilder Taylor Wimpey has launched a £510m capital raising.
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Bovis Homes sales in surprise upturn
8 May 2009
Bovis Homes surprised the market yesterday with better than expected sales.
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76 extra units for sheltered accommodation in Middlesex
08 May 2009
Octavia Housing & Care and Harrow Churches Housing Association have won planning consent to redevelop sheltered accommodation at Richards Close, Harrow, Middlesex, into 47 ‘extra care’ units and 29 social housing units and community facilities. Savills is advising.
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Danish scheme with a view of Everest
08 May 2009
A Danish residential scheme, emblazoned with a view of Mount Everest, has been completed in the Copenhagen suburb of Orestad.
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Distressed’s seller
08 May 2009
Less than a year after his buy-to-let empire collapsed, celebrity entrepreneur Grant Bovey is back with a new online venture selling ‘distressed’ housing stock
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Edinburgh’s Springside in step
08 May 2009
AMA, Grosvenor and the Royal Bank of Scotland launched Springside, one of Edinburgh’s biggest housing schemes last week
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Emergency exit
08 May 2009
Administrators need escape routes from stalled schemes hit by the downturn
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Former L&G man Creedy and student flats developer unite
08 May 2009
Fund manager appointed as consultant to advise on portfolio
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Mortgage rescue scheme ‘a sham’
08 May 2009
Shadow housing minister Grant Shapps this week branded the government’s mortgage rescue scheme as ‘a sham’
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Resi rents rise as supply plateaus
08 May 2009
Average residential rents rose 1% to £638 during March 2009 – only the second monthly rise in the last eight months
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Resi rents rise as supply plateaus
08 May 2009
Average residential rents rose 1% to £638 during March 2009 – only the second monthly rise in the last eight months
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Yoo branches out into first-timers with Green Shoots
08 May 2009
John Hitchcox to buy distressed new-build schemes from developers or banks
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Bovis reports better start to the year than expected
7 May 2009
Bovis Homes has reported a 71% increase in reservations for homes over the first four months of the year compared with the same period in 2008.
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GVA on board for Belfast's Sailortown masterplan
7 May 2009
GVA Grimley has been appointed to prepare a masterplan for the Sailortown area of Belfast.
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Barratt poaches computer game firm finance chief
7 May 2009
Barratt Developments has poached a new group finance director from computer game company Game.
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Developer behind luxury Charters scheme in administration
7 May 2009
The developer and owner of Charters, a luxury residential development near Ascot, has been placed into administration.
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Estate agencies closures fall
7 May 2009
The number of estate agents closing their doors appears to be coming to a halt amid evidence of a recovery in housebuying from last year’s record lows, according to two of the largest listed estate agency groups.
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House prices hit 2004 levels
7 May 2009
House prices fell by more than expected last month, returning the average price of a house to where it was in 2004, according to data from Halifax published yesterday.
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Channel 4 presenter and property developer George Clarke talks to Property Week
6 May 2009
George Clarke, presenter of Channel 4’s The Home Show, spoke to Propertyweek.com about the recession-hit residential development market.
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House prices at most affordable level since 2002
6 May 2009
House prices have fallen by nearly 18% over the last year, an average of £33,000, research from Halifax has said.
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Licence mooted for private landlords
6 May 2009
All private landlords would have to be registered before letting residential property under government plans to curb abuses in the growing rental market.
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Green light for south-west’s tallest building in Plymouth
5 May 2009
Devington Homes has won planning consent to build the south-west’s tallest building as part of its £89m Oceanique scheme in Plymouth.
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Peer plans supermarket scheme in Redhill
5 May 2009
London based Peer Group plans the redevelopment of Cromwell Road and High Street in the centre of Redhill.
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Housing market set for upturn
5 May 2009
The end may be in sight for the housing market downturn, but there will be little price growth until 2013, economists predicted yesterday.
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Pension funds to become residential landlords
1 May 2009
Pension funds and other investment groups will be encouraged to become landlords of big residential estates under government plans to alleviate the housing crisis through the creation of an institutional private rented sector.
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Taylor Wimpey chief questions house valuations
1 May 2009
The head of Britain’s biggest house builder, Taylor Wimpey, says he is 'concerned and frustrated' by the valuation of houses in the UK, warning that it is costing the company sales as cautious lenders put pressure on valuers.
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House prices slides ease
1 May 2009
Hopes of a quick turnround in the housing market were dashed yesterday after two new surveys underscored the continued decline in UK house prices, with the average home now changing hands at prices last seen in 2004.
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HCA launches a private rented sector initiative
1 May 2009
The Homes and Communities Agency (HCA) has today launched an expression of interest process for a new initiative to attract institutional investment into the private rented sector.
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Early risers
01 May 2009
London and the south-east are forecast to lead the market into recovery
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Kerslake and Beckett: private rented sector still on track...
01 May 2009
Budget fails to introduce key changes, but minister and homes agency chief pledge ‘more progress’
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OFT challenges Foxtons on fees
01 May 2009
The Office of Fair Trading challenged Foxtons in the High Court this week over the legality of the renewal fees that letting agents charge to landlords when tenants stay on after assured shorthold tenancies end
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Property Ombudsman Service
01 May 2009
The Ombudsman for Estate Agents (OEA) is changing its name to the Property Ombudsman Service from today to reflect the broadening of its range of activities
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Spring bounce
01 May 2009
There are signs that the capital’s new-build flats market is set for a recovery
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Taylor Wimpey completes £1.55bn debt restructure
30 April 2009
Taylor Wimpey’s eurobond-holders today voted in favour of restructuring the housebuilder’s £1.55bn debt, the company announced today.
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Confidence returning, says Hamptons International
30 April 2009
Confidence is returning to the residential market, research from Hamptons International has shown.
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UK house prices fall in April
30 April 2009
House prices in the UK fell by 0.4% in April reversing some of the rise seen in March, says Nationwide.
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Stanhope’s City scheme at 8-10 Moorgate recommended for approval
29 April 2009
Stanhope’s plans for a major development at 8-10 Moorgate in the City of London have been recommended for approval.
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Expatriates threatened by northern Cyprus ruling
29 April 2009
Thousands of expatriates who have property in northern Cyprus could be affected by a European Court of Justice ruling that the European Union’s courts should enforce Greek Cypriot legal verdicts.
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Home loan approvals fall back
28 April 2009
Tentative signs of a recovery in the housing market suffered a setback as mortgage approvals for home purchases fell last month for the first time since November.
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UK banks sell cheaper home loans to Irish
28 April 2009
Banks controlled by British taxpayers are offering mortgages to first-time buyers in the Irish Republic at half the rate that they are available in the UK.
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Nationwide scraps 2% mortgage promise
28 April 2009
The Nationwide is scrapping a mortgage promise which ensured that customers would pay no more than 2% above the bank base rate. Instead, customers will be charged 3.49% above the base rate under a new standard mortgage rate. The move will affect all borrowers who take out a home loan with the building society from 30 April.
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St John’s Wood Barracks plans criticised
27 April 2009
Westminster City Council has told the Eyre Estate that its plans for the redevelopment of St John’s Wood Barracks in London need to be ‘radically revised’.
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House price plunge slows on rising demand
27 April 2009
House prices fell at the lowest monthly rate for a year in April, fuelling hopes among housing experts that a bottom is being reached in the market.
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Holiday home owners set for windfall
27 April 2009
Britons with second homes in Europe could receive a windfall of up to five years' worth of tax paid back to them by HM Revenue & Customs.
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Estate agents downbeat on tax hike as prices rise
24 April 2009
A rise in the highest rate of income tax risks stamping out the first green shoots of recovery in the prime property market, which has suffered a sharp fall in prices over the past year.
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Persimmon sales better than expected
24 April 2009
Persimmon announced yesterday that sales volumes since the beginning of the year have been better than expected.
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Rock problem loans double
24 April 2009
Problem loans on Northern Rock’s mortgage book have almost doubled in just six months as the poor quality of the former management’s lending continues to unwind.
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‘Pecha Kucha’ at Resi 09
24 April 2009
Readers are invited to enter Property Week’s ‘Pecha Kucha’ – which means ‘chit chat’ in Japanese – event at Resi 09, to be held at the Celtic Manor Resort on 17 and 18 September.
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£1bn to ‘support’ housing recovery
24 April 2009
But industry is cool on ‘disappointing’ measures chancellor Alistair Darling unveiled a £1bn lift for the residential sector in his 2009 Budget on Wednesday, and said housing was key to the country’s recovery.
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Big names line up for Resi 09
24 April 2009
Our Resi 09 event on 17-18 September has attracted a stellar line-up
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Broadclose Farm in Bude, Cornwall has won plaudits
24 April 2009
Westcountry Housing Association and Guinness Trust have won plaudits for Broadclose Farm in Bude, Cornwall, in a design survey of new affordable housing in England by the Commission for Architecture and the Built Environment and the Homes and Communities Agency.
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Chainbow: London apartment tenants are being scammed
24 April 2009
Property manager claims 60% of residents are paying inflated building insurance premiums
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Investment values fall 18%
24 April 2009
Values of residential investment property fell 18% in 2008, Investment Property Databank (IPD) reported this week.
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Miles from homes
24 April 2009
Mira Bar-Hillel argues that London mayor Boris Johnson needs to raise his game in providing affordable housing in the capital
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Recession requires focus on cost
24 April 2009
It is time to start talking as sector’s rates bill soars, says Martin Meech
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REITs left out in cold, while Darling tinkers with regen
24 April 2009
Industry unmoved by REIT rule changes
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Values at half-mast
24 April 2009
A weak economy has led to an unprecedented fall in values in south-east
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Mortgage lending rises 16%
23 April 2009
The amount of money lent in UK mortgages rose by 16% to £11.5bn from February to March, but the figures were down 52% on March 2008.
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£500m boost for housing
23 April 2009
The UK house building industry, which has been struggling with the downturn in property prices and purchases for the past year, received a £500m boost from the Budget.
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Stamp duty break extended
23 April 2009
First-time buyers looking to take advantage of low house prices have been given until the end of this year to avoid stamp duty if they are spending £175,000 or less on a property.
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Budget 2009: Industry uproar over budget
22 April 2009
The property industry has reacted furiously to a budget that ‘ignores’ the industry.
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Budget 2009: Housing industry ‘key’ for recovery
22 April 2009
The housing industry is key to the recovery of the UK economy, Chancellor Alistair Darling said today in his Budget 2009 speech.
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Budget 2009: Darling will act to ease mortgage crisis
22 April 2009
Alistair Darling has said the government will act to ease the mortgage crisis and UK banks will provide at least £20bn of mortgage finance this year.
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Lenders snub government mortgage scheme
22 April 2009
Just six banks have signed up to the government's mortgage relief plan, it emerged yesterday, as Barclays, HSBC, Santander and Nationwide refused to back the scheme designed to support homeowners who have lost their jobs.
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Residential companies join BPF ahead of major lobby push
21 April 2009
Two of the largest residential property management and development companies in the UK have joined the BPF as the lobbying group continues to expand its focus on the residential market.
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Chancellor to boost housing with £1bn plan
21 April 2009
Alistair Darling will announce another £1bn package to support the housing market in his Budget tomorrow, seeking to underpin prices, complete partially built building projects and support those struggling to pay mortgages.
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Thousands lose homes as aid stalls
21 April 2009
Thousands of home owners have been evicted since Gordon Brown announced a package of measures to help them, figures show.
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Telford Homes in affordable deal
21 April 2009
Telford Homes has agreed a £57m programme with the Homes and Communities Agency to part-finance 400 affordable homes over the next three years. Despite writedowns from falling property prices, the developer has concluded talks to extend bank loans.
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Barnet Council appoints head of regeneration
20 April 2009
Barnet Council has appointed a new head of regeneration to try to drive forward the borough’s five major regeneration schemes despite the recession.
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Go-ahead for Rathbone Market
20 April 2009
The London Thames Gateway Corporation, Greater London Assembly and London Mayor Boris Johnson have given the green light for the English Cities Fund and the London Borough of Newham’s plans for the redevelopment of Rathbone Market in London’s Canning Town.
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St Modwen to focus on 'cost control'
17 April 2009
St Modwen said its focus this year would be ‘cash management and cost control’ and it would continue to take decisions to ensure the business operates within its banking covenants.
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HCA and CABE say further work needed on affordable housing design
17 April 2009
The Homes and Communities Agency (HCA) and CABE said they remain committed to improving the design of affordable housing following the publication of their first affordable housing survey.
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Negative equity hits 900,000
17 April 2009
About 900,000 homeowners in the UK have slipped into negative equity, according to research from the Council for Mortgage Lenders.
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Easier ZED than done
17 April 2009
Despite an economic blackout, Zed Homes believes it can raise £40m to get its zero-carbon scheme in Kent under way
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It’s time for the rise of residential investment
17 April 2009
The prospect of institutions investing in residential property has been off the screen as long as Reggie Perrin.
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Property industry slams Tory plans to revive resi market
17 April 2009
British Property Federation among bodies that have criticised Conservatives’ lack of funding detail
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Sale Stokes country homes market
17 April 2009
A grade II-listed property in Derbyshire last week exchanged at ‘very close’ to the guide price of £2.75m in a ‘positive sign’ for the prime country house market, said selling agent Knight Frank.
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Tax plea for Budget
17 April 2009
Orchard & Shipman, the UK’s leading provider of private sector leasing services, has added its voice to the growing calls for tax incentives in this week’s Budget to encourage residential investment
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Vital signs
17 April 2009
Agents report that buyer enquiries are up, raising hopes that the housing market may recover sooner than expected
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House prices down for sixteenth month
16 April 2009
The price of an average British home fell by 12.3% year-on-year in February, the Department of Communities and Local Government, reported. Prices dropped by 2.7% between January and February, marking the sixteenth consecutive monthly fall.
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Homes and Communities Agency hits most of it first year targets
15 April 2009
Residential super agency the Homes & Communities Agency (HCA) has hit its first year target to invest £3.9bn on its housing and regeneration programme, according to preliminary figures for 2008/2009.
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Hope as housing market steadies
15 April 2009
The housing market is showing signs of stabilising, albeit at very low levels, with average sales up slightly in March and a smaller majority of estate agents still reporting falling prices, according to a leading survey.
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Frasers plans luxury apart-hotel in Edinburgh
14 April 2009
Frasers Property has unveiled plans for 121 luxury serviced apartments in Edinburgh.
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Housing slump ' over by Christmas'
14 April 2009
The housing slump will be over by Christmas, one of London’s most prominent economic consultancies has predicted.
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Bank of England holds interest rate at 0.5%
9 April 2009
The Bank of England has held interest rates at 0.5% today.
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CABE backs Qatari Diar’s Chelsea Barracks plan
9 April 2009
The government’s architecture watchdog CABE has backed Qatari Diar’s design for plans to redevelop Chelsea Barracks.
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Can we fix it?
09 April 2009
The owner of a new-build south London flat is desperate for some help from housebuilding’s warranty scheme
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Ferrier Estate green light
09 April 2009
One of Europe’s largest regeneration schemes received the final go-ahead last week when Greenwich Borough Council granted planning permission for the redevelopment of the Ferrier Estate in Kidbrooke, south-east London
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Housing benefit’s cashflow crisis
09 April 2009
Changes to the way housing benefit is paid to tenants wastes millions of pounds and will result in increased homelessness, the National Landlords Association (NLA) claimed this week
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Prime central London homes price decline eases off
09 April 2009
Knight Frank reports slowdown in falls as Candys top out at Hyde Park
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Something to build on
09 April 2009
Amid all the pessimism, a fall in construction prices gives reason for cheer
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Subprime loans 'disappear'
8 April 2009
The sub-prime mortgage market has all but vanished as lenders become risk averse, figures showed yesterday. There is now only one provider, Platform – with products that are widely available to people with impaired credit histories, and it offers just eight different products, representing a steep decline from the 1,599 mortgages on offer across all providers a year ago, says Moneyfacts.
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Tories moot 'right to move' for tenants
8 April 2009
Social housing tenants would be given a new 'right to move' anywhere in the country by Tory plans yesterday condemned as 'unworkable' by the sector.
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Plans to be lodged at Liffey Valley town centre
7 April 2009
Barkhill, a joint venture between Grosvenor and property company O’Callaghan Properties, and Aviva Investors are to lodge a planning application for Liffey Valley Town Centre.
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Consent granted for £1bn redevelopment of notorious Greenwich estate
7 April 2009
Berkeley Homes has gained planning consent for the £1bn redevelopment of one of London’s most deprived housing estates.
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St Modwen completes purchase of BP sites
7 April 2009
St Modwen has exchanged contracts on the purchase of a portfolio of former BP sites, situated across South Wales, Scotland, the Midlands and the south east of England.
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Barton Finch and Tesco submit Fulham High Street plans
7 April 2009
Developer Barton Finch and Tesco have submitted plans for a mixed use scheme on Fulham High Street in London.
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Poor home demand pushes land value down by half
7 April 2009
The value of residential development land fell by half last year as demand plummeted for new-build homes, underscoring losses made across large estates of land amassed by housebuilders during the property boom.
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Debtors get breathing room
6 April 2009
Debt collectors have agreed to give 30 days to borrowers struggling with repayments under a deal announced yesterday. The 30-day breathing space rule has been brokered between the government and the Credit Service Association, which represents debt agencies.
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House prices up for first time in 17 months
3 April 2009
Hopes that the worst of the recession might be over were bolstered yesterday as house prices rose for the first time in 17 months and banks indicated that the credit crunch may be easing.
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B&B struggles to clear loan book
3 April 2009
Bradford & Bingley, the nationalised lender, conceded yesterday that it would take some years to run down its £42.2bn loan book and said it would consider disposing of assets to achieve that end.
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Clarendon Square at Haringey Heartlands
03 April 2009
National Grid Property Holdings and the London Development Agency have submitted an outline planning application to Haringey Borough Council for a redevelopment of their jointly owned, 12 acre site in Wood Green, north London.
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Genesis halts creation of £300m Stratford Tower
03 April 2009
Housing association developer interrupts construction to ‘consult with stakeholders’
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Industry welcomes government’s rural review – with caveats
03 April 2009
Government measures to relax planning controls and boost housing in rural areas have been given a cautious welcome from the industry.
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Social insecruity
03 April 2009
Housing delivery expectations in the south-east appear optimistic
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This land is his Inland
03 April 2009
Developer Stephen Wicks is reinventing himself as a land dealer
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Mortgages paid off at record rate
2 April 2009
Homeowners paid off their mortgages at a record rate in the final three months of last year as they battened down the hatches in the face of the economic storm.
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RICS set to raise global valuation standards
1 April 2009
The RICS plans to launch a global consultation to develop an enhanced regulatory framework for valuation that it said will raise professional standards, improve confidence for clients and help secure the accurate valuations that underpin most economic activity.
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Tottenham adds to stadium plans
1 April 2009
Premiership football club Tottenham Hotspur has released new plans for its new 58,000-seat stadium on Tottenham High Road.
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St Modwen in talks over £35m Longbridge contribution
31 March 2009
St Modwen and two local councils are negotiating over the £35m contribution to infrastructure works the developer is due to make as part of its regeneration plans at former MC Rover Works site at Longbridge, near Birmingham.
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New Look for Bath
31 March 2009
New Look, the fashion retailer, has signed up for a 20,000 sq ft store in Bath.
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Sharp jump in mortgage approvals
31 March 2009
Economists said they saw glimmers of hope after mortgage approvals rose by the biggest margin for three years in February and lending to companies grew at its strongest pace in nearly a year.
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B&B loan write-offs soar
31 March 2009
Bradford & Bingley is writing off bad loans at 22 times the rate it was in 2007, the nationalised bank revealed yesterday.
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Sir Michael Pitt to chair Infrastructure Planning Commission
30 March 2009
Sir Michael Pitt is to chair the new Infrastructure Planning Commission which will decide on development consent for infrastructure proposals that are of national significance.
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Newcastle regeneration to restore ‘heartless land’
30 March 2009
Metnor Property Group has produced a masterplan for the redevelopment of a derelict site in Newcastle-upon-Tyne.
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Boris Johnson to invest £22m in empty homes
30 March 2009
London mayor Boris Johnson will invest £22m in renovating more than 1,300 of London’s abandoned, derelict and blighted buildings to turn them into family homes.
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Dunfermline Building Society broken up
30 March 2009
An extraordinary expansion in commercial lending lies behind the collapse of Dunfermline Building Society, which has cast another pall over Scotland’s beleaguered financial sector.
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House price falls ease
30 March 2009
House prices fell by the least in 10 months in March, according to the Hometrack monthly survey published today.
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Berkeley steps in at Bracknell
27 March 2009
Berkeley Homes has paid Bracknell Forest Borough Council nearly £3m for surplus land at Brakenhale School in Rectory Lane, Bracknell, Berkshire, which has planning consent for 63 homes
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Former CBRE man sets up in Leeds
27 March 2009
Former CB Richard Ellis director Guy Titchmarsh has launched his own residential property consultancy, Titchmarsh & Co, based in Leeds
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Landlords could save on £3bn lettings fees
27 March 2009
Lettings agents are ‘cheating’ the private rented sector out of about £3bn a year, a new property services website for landlords has claimed
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Linfoot plans to buy back into Lumiere
27 March 2009
KW Linfoot founder to invest in company’s abandoned Leeds scheme
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Linfoot's next step
27 March 2009
The collapse of Leeds developer KW Linfoot had the whole town talking. Founder Kevin Linfoot breaks his silence
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Prime London rents down 7.4%
27 March 2009
Prime residential rents in central London fell 7.4% in the first quarter of the year – the second-largest fall on record, Knight Frank has reported
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Repossessions set to rise in 2009
27 March 2009
The fall in repossessions in the final quarter of 2008 will not continue this year, despite various government initiatives to boost the housing market, residential landlord Property Portfolio Rescue warned this week
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The end is nigh
27 March 2009
Land prices have a further 10% to fall before they stabilise over the summer
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Macclesfield resi scheme gets green light
26 March 2009
Bluemantle, a Cheshire-based property investment and development company, has won planning permission for a 13-acre residential-led mixed use development in Disley near Macclesfield.
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Government funding half of all house building
26 March 2009
The public purse is now funding almost half of new home building, demonstrating the extent to which the government is shoring up the construction industry amid a historic slump in private sector development.
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Wembley Stadium students scheme wins planning appeal
25 March 2009
Student accommodation company Victoria Hall has won a planning appeal over its plans to develop a £25m apartment block near Wembley Stadium.
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New mortgages rise to 10-month high
25 March 2009
New mortgage lending jumped to its highest level in 10 months in February, the British Bankers’ Association reported yesterday, in the latest sign that the housing market may be stabilising.
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UK mortgage lending is 'unmanageable'
25 March 2009
Mortgage lending in the UK has reached 'unmanageable' levels and must shrink as a proportion of national economic output if banks are to make home loans profitable again, a report says.
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London homes no longer most expensive
23 March 2009
London has been pushed off its top spot by Monaco as the most expensive place to buy residential property, with the capital and the home counties suffering some of the biggest price falls in the world.
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'Scots Northern Rock' to be bailed out
23 March 2009
An urgent rescue of Scotland’s largest and oldest building society appears imminent after Westminster and Holyrood ministers vowed to save yet another failing financial institution.
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2m home owners facing negative equity says FSA
20 March 2009
More than two million home owners face falling into negative equity this year, the City regulator warned.
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Mortgage lending continues to slide
20 March 2009
Mortgage lending continued to tumble in February, falling by 60% compared to the same month last year.
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Hundred percent mortgages 'immoral' says RBS boss
20 March 2009
Lending mortgages to home buyers with no deposit is 'immoral' and akin to giving them a 'loaded gun', according to the deputy chief executive of the Royal Bank of Scotland.
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A zero-sum game
20 March 2009
As the 2016 zero-carbon deadline looms, developers and government were trying to make the numbers stack up at Ecobuild
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Home ownership still a priority
20 March 2009
Most people still want to invest in homes of their own despite worsening economic conditions
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Lettings disputes surge as housing sales grind to halt …
20 March 2009
… but estate agents ombudsman awards highest-ever compensation pay-out for house sale dispute
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UK homes lose £100 a day since March 2008
20 March 2009
The average UK home has lost £100 a day, every day since 1 March 2008, wiping almost £1 trillion off the value of the UK housing market in the past year
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2016 zero carbon targets not realistic, RICS warns Government
19 March 2009
The Royal Institution of Chartered Surveyors (RICS) said it is ‘not realistic’ to achieve zero carbon by 2016.
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Plans submitted for affordable eco-housing development in Kent
19 March 2009
The government-funded Brownfield Land Assembly Company has submitted plans to turn a former tyre yard in Sittingbourne, Kent into eight new affordable eco-homes.
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Housing association sector exceeds landmark £10 bn turnover
19 March 2009
Turnover in the housing association sector exceeded £10 bn for the first time in 2008, according to the Tenant Services Authority.
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Tenants exploit oversupply
19 March 2009
Tenants are forcing down rents by negotiating hard because there is an oversupply of rental property, according to the RICS.
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Financial regulation will not prevent house price booms, says HBF
18 March 2009
The Home Builders’ Federation (HBF) today warned the government and the Financial Services Authority that regulation of the mortgage market was not a solution to the threat of future house price inflation.
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House builders must prepare for HIPs, says National House Building Council
17 March 2009
The National House Building Council has urged house builders to ready themselves for home information pack (HIP) requirements that come into force throughout England and Wales on 6 April.
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House rents fall as owners take in tenants
17 March 2009
Rents have dropped significantly in the past few months as people unable to sell their homes have been forced to rent them out, flooding the market.
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NAEA calls mortgages cap 'suicidal'
17 March 2009
A proposed cap on mortgage lending, limiting how much money home buyers can borrow, has alarmed the NAEA, who say the move could be 'suicidal' for the housing market.
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Mortgages to be capped at three times salary
16 March 2009
Home buyers will be prevented from borrowing more than three times their annual salaries under new mortgage rules to be announced this week.
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Pidgley calls bottom of the house market
16 March 2009
Berkeley Group boss Tony Pidgley has called the bottom of the market.
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Former media tycoon Eddy Shah to sell holiday homes with guarantees
13 March 2009
Former media tycoon turned property developer, Eddy Shah, has built 44 lodges at The Wiltshire Leisure Village in Wootten Bassett and plans to build more.
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Resi crisis could change housebuilding forever, says Knight Frank
13 March 2009
The housebuilding crisis could result in major changes to the way new homes in the UK are financed, built and planned, according to a new report by Knight Frank.
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Euro resi crash to continue
13 March 2009
Big falls in mortgage lending coupled with the global economic downturn have depressed demand for residential property across Europe, the RICS has said
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Grainger sells 182-188 Kensington Church Street to private investor
13 March 2009
Grainger, the UK’s largest quoted residential landlord, has sold 182-188 Kensington Church Street in Notting Hill, west London, to a private investor for £4.5m
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Knight Frank: redraft 106s
13 March 2009
The government is being urged to encourage councils to renegotiate planning consents and section 106 agreements quickly to kickstart stalled housing and regeneration schemes
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Lack of finance continues to haunt homebuyers
13 March 2009
Rising enquiries at estate agents are not matched by mortgage approvals
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Letting the side down
13 March 2009
We’ve managed to get selling agents regulated, but their counterparts in lettings still operate unchecked. Mira Bar-Hillel hears a London tale of woe
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Singaporean group denies dispute over Arsenal flats
13 March 2009
Fraser & Neave subsidiary ‘is committed to purchase’ of 120 of 655 flats at Highbury Square
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Average home price falls £100 a day
12 March 2009
The average UK home is losing value at a rate of £100 per day and more than £1tr has been wiped off the housing market in the past year, a survey has revealed.
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House price falls 'to continue'
12 March 2009
The housing market will suffer another difficult year of low volume sales and further price falls, according to Savills which yesterday reported a full-year loss.
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Serviced apartments better than hotels
11 March 2009
Savills’ most recent UK serviced apartment report shows that in the current economic climate developers are planning serviced apartments as a viable alternative to hotels and residential.
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Residential investor Nice Group in administration
10 March 2009
Residential landlord Nice Group has gone into administration.
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Bovis halts house building on £79m loss
10 March 2009
Bovis Homes has all but stopped the building of new houses and will sell down finished and part-completed stocks before it starts investing again, after being hit by the sharp decline in the UK housing market.
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Cost of living falls on mortgage rate cuts
10 March 2009
Millions of households are benefiting from a fall in the cost of living as mortgage bills drop, a study has disclosed.
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Retail sales slow as house sale rate hits 30-year low
10 March 2009
British consumers’ enthusiasm for shopping ebbed last month as post-Christmas clearance sales came to an end – and demand for homes has slipped even further, according to separate surveys to be released today.
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Knight Frank Prime Central London Index
9 March 2009
Price falls in prime central London continue, but at a slower rate finds Knight Frank.
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Rate cuts squeeze mortgage funds
6 March 2009
The need to pass on rate cuts to those on variable rate loans while maintaining interest rates on savings accounts in order to keep money on deposit, is squeezing banks’ profit margins, according to analysts.
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Nationwide declines further capital raising
6 March 2009
Nationwide no longer needs to raise a further £500m to strengthen its capital ratios, the UK’s biggest building society said yesterday.
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‘Eco-towns’ in ‘tatters’
06 March 2009
The government’s ‘eco-town’ programme is in ‘tatters’ as delays over public consultation cause unnecessary housing blight, protestors in Leicester claimed this week
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A landmark for landlords
06 March 2009
A continued decrease in owner-occupiers will benefit rental property investors.
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High-rise evacuation
06 March 2009
The residential tower scheme market looks set to flatline as buyers all across the UK walk away without their deposits
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Kensington flats sell for £5m
06 March 2009
LTC Holdings has sold a block of 11 serviced flats at 51 Kensington Court in central London to a private investor for £5m
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Yoo goes mainstream with Barratt purchase
06 March 2009
Hitchcox's group buys north London block for £9m from struggling housebuilder
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Arsenal’s Queensland Road plans get go-ahead
5 March 2009
Islington Council has approved the final element of Arsenal Football Club’s masterplan to regenerate the wide area around the premiership club’s Emirates Stadium.
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House prices drop 2.3% in Halifax housing index
5 March 2009
House prices dropped by 2.3% in February and were 17.7% lower on an annual basis, according to the Halifax monthly housing index.
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Morgan seeks to stage Redrow coup
4 March 2009
Steve Morgan, Redrow founder, has asked for a seat on the board of the house builder after announcing that he was in a position to take a 30% stake in the company.
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Rock directors paid nearly £1m as negative equity climbs
4 March 2009
Northern Rock said yesterday that Ann Godbehere, its recently departed finance director, received £173,000 on top of her annual £786,000 salary to fly to and from her home in Switzerland. This made her the highest paid director at Northern Rock with remuneration of £959,000.
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Brandeaux reopens its student accommodation fund with new share class
3 March 2009
Brandeaux has re-opened its student accommodation fund by launching a new share class with amended redemption terms.
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Persimmon re-negotiates debt
3 March 2009
Persimmon, one of Britain’s biggest house builders, has re-negotiated the terms of its existing debt and acquired new banking facilities as the sector struggles to cope with the falling property market.
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Mortgage approvals down
3 March 2009
The number of mortgages approved for house purchases remained steady at 31,000 in January, but this was 55% lower than in January last year, official figures show. Total net mortgage lending rose by £690m during the month, less than half the rise analysts had expected and much lower than December’s £1.794bn rise.
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House market shows signs of life
2 March 2009
More homes are being put up for sale and more are also finding buyers, but at prices well below sellers' expectations. As a result, the average sale price is now 88% of the figure at which a property is first marketed, according to the latest survey from Hometrack, the housing data group.
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BBA reports mortgage application rise
2 March 2009
The British Bankers’ Association reported a second successive rise in mortgage approvals and noted that lending for house purchases by the big banks in January was reasonably perky.
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Late mortgage payments hit new record
2 March 2009
Households are finding it steadily harder to pay their debts on time, with the number of subprime mortgage holders falling behind on payments at its highest ever.
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McCarthy & Stone finalises debt-for-equity survival plan
27 February 2009
Retirement housebuilder McCarthy & Stone confirmed today its lenders would take control in a debt-for-equity swap.
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Eco-town consultation extended
27 February 2009
Local residents are to be given more time to respond to the government's second eco-towns public consultation after housing minister Margaret Beckett today extended the deadline for responses.
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Property prices lose five years of gains
27 February 2009
Almost five years of gains have been wiped off the price of the average home, according to the latest survey of house prices from Nationwide.
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Persimmon chairman John White to speak at Resi 09
27 February 2009
Following two successful events, organisers have announced that the third annual Resi conference, Resi 09, will be held on 17 and 18 of September at the Celtic Manor resort in Newport, Wales.
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Developers go flat out
27 February 2009
New trends in development density and product type have implications for land values
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Forum launches drive for online house sales
27 February 2009
A blueprint for greater transparency and efficiency in the buying and selling of homes has been released this week by the E-Homebuying Forum, a new collective of organisations involved in the housing market.
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Stratford Tower scheme to secure £48m public injection
27 February 2009
Homes and Communities Agency to help fund Genesis Housing’s £300m tower project
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Time and tides
27 February 2009
The Environment Agency will next month unveil plans to stop the Thames Valley from flooding
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Castlemore falls into administration
26 February 2009
Grahame Whateley’s Castlemore Securities has gone into administration.
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Berkeley increases land war chest with £50m share placing
26 February 2009
Berkeley Group is to raise £50m of new equity to increase its firepower.
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Rock and B&B urged to end charges for struggling homeowners
26 February 2009
Northern Rock and Bradford & Bingley, the government-backed lenders, could be forced to scrap charges levied on struggling homeowners who slip behind with mortgage payments, after accusations that the fees are unfair.
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OFT details plans to investigate estate agents
26 February 2009
The Office of Fair Trading (OFT) has detailed the nature of its market study into the buying and selling of houses today.
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Eco-dome and chimney swept away in Battersea Power Station redesign
26 February 2009
Real Estate Opportunities has abandoned plans for an ‘eco dome and chimney’ at Battersea Power Station and is working on an alternative scheme which will be lower in height but more dense.
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Cathedral Group selected for Bromley scheme
25 February 2009
Bromley Borough Council has selected Cathedral Group as its development partner for a key site at the southern end of Bromley High Street as part of wider proposals to revive the town centre.
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Glenkerrin's Isle of Dogs tower plans deferred
25 February 2009
Glenkerrin's plans to develop a series of towers at its two Isle of Dogs sites were delayed this week after Tower Hamlets Council deferred a decision on granting planning consent.
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Redrow loses £46.2m as sales drop by half
25 February 2009
Sales halved at Redrow in the six months to the end of December, pushing the housebuilder to a £46.2m loss.
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Housing market shows hints of turnaround
25 February 2009
House builders are spotting rising sales, but they have not factored in job losses in the wider economy.
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Mortgage lending highest for four months
25 February 2009
Figures from the British Bankers’ Association showed that 23,376 home loans for house purchase were approved during January, the highest level for four months and up from 22,416 in December, but 43% lower than January 2008.
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Property slump is 'worst since 1950s'
25 February 2009
The number of homes changing hands slid last month to the lowest level since at least 1959, in the latest sign of the severity and depth of the property crisis.
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Government must stick to long term housebuilding targets
24 February 2009
A select committee on housing said today that the government must stick to its long-term house building targets despite the credit crunch but called for a greater proportion of homes to be social housing.
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Lloyds to lend in return for interest break
24 February 2009
Alistair Darling is set to drop the £480m annual interest bill charged to Lloyds Banking Group on a taxpayer loan in exchange for a promise by the bank to provide billions of pounds in extra mortgage funding and loans to small businesses.
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Rock to launch mortgage sales drive
23 February 2009
Northern Rock is to embark on a £14bn mortgage sales drive to resuscitate Britain’s sluggish housing market, fuelled by a hefty injection of fresh government funding for the state-owned lender to be announced today.
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Brown calls for end to 100% mortgages
23 February 2009
Gordon Brown has signalled the end of the 100% mortgage as he calls for high-street banks and building societies to encourage more "responsibility" in the housing market.
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Grainger faces judicial review in Tottenham
20 February 2009
Community group challenges Haringey’s consent for Ward Corner scheme
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Morpheus sells eco-friendly townhouses in South Kensington
20 February 2009
London developer Morpheus has sold two of the three eco-friendly townhouses it is building on Clareville Street in South Kensington to private buyers for £5m each, within a month of putting the properties on the market
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Ombudsman chair says estate agencies 'support regulation'
20 February 2009
Renewed calls for light-touch regulation of estate agents have won widespread backing from the industry, it was claimed this week
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Their cover's blown
20 February 2009
The government’s tenancy deposit protection scheme has withdrawn insurance cover for unregulated letting agents
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New homes planned at Blackley dye works
18 February 2009
Manchester-based developer Rolincourt has submitted a planning application for the residential redevelopment of a former dye works.
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Senior living sector 'strong'
18 February 2009
The long-term senior living care sector appears resilient with strong profit margins with demographic indicators ensuring that the future looks positive, according to a recent report be Colliers CRE.
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One million shortfall of homes by 2010
16 February 2009
The underlying shortage of homes in England could reach ‘dangerously high’ levels of more than 1m in less than two years, according to David Pretty, chairman of the New Homes Marketing Board.
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Government to establish housing tenant board
13 February 2009
The government has published plans this week for an independent 'national tenant voice', board to give tenants a say on the housing issues affecting them.
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Mortgage lending halved in 2008
13 February 2009
The number of mortgages approved for house purchase nearly halved in 2008, figures from the Council of Mortgage Lenders show. Some 516,000 mortgages were taken out, down from the 1.01 million in 2007 and the lowest figure on record since 1974. The number of loans granted to first-time buyers also hit a record low.
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GB crosses Bellway Rubicon
13 February 2009
Bellway has sold 84 flats in its Rubicon scheme in Greenwich, south-east London, to private investment company GB Developments for £23m
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Housing market flickers to life…
13 February 2009
… but adjusted figures put damper on best showing since 2006
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How the west could win
13 February 2009
The western side of Midtown looks set to profit at the east side’s expense
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Resi yields start to tempt
13 February 2009
Residential property yields are starting to look attractive to institutional investors, Allsop claims in a report on its auction results
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Voyage of self-discovery
13 February 2009
Self-build could provide one answer to housing supply problems
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Ypres Rose boards Sunseeker’s €1bn Greek marina odyssey
13 February 2009
‘Superprime’ housing developer to develop 17 resorts with luxury yacht maker
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Work stops at luxury Park Lane apartments
12 February 2009
A consortium of Kuwaiti investors has stopped work on the construction of a luxury apartment block on Park Lane.
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Central London property market to recover in 2010 says Knight Frank
12 February 2009
The central London office market will be hit by a vacancy level peak of 12.1% by the end of the year before emerging from the downturn next year, according to Knight Frank.
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St Modwen's £750m Longbridge plans win approval
12 February 2009
The government has given the green light to St Modwen’s plans for the £750m redevelopment of the former MC Rover Works site at Longbridge, near Birmingham.
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Crest Nicholson reaches debt-for-equity swap deal
11 February 2009
Crest Nicholson’s lenders have reached a debt-for equity swap agreement with the housebuilder reducing its debt by £630m for a 90% stake in the company.
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Grainger frustrated by lack of mortgages
11 February 2009
Grainger, the UK’s largest quoted residential landlord, must sell another £31m of assets to avoid breaching banking covenants.
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Olympic legacy masterplan revealed
10 February 2009
The Olympic Legacy masterplan was unveiled today and proposes to create six new ‘character areas’ comprising 10,000 new homes and more than 1.2m sq ft of commercial space.
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Grainger to sell another £31m of assets to protect loan covenants
10 February 2009
Grainger, the UK’s largest listed residential investor, needs to sell £31m of its residential stock to avoid breaching its loan covenants in September.
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Manchester estate agency Edward Mellor bought out of administration
10 February 2009
Manchester-based estate agency Edward Mellor has been bought out of administration by its founder’s son.
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Johnson selects London boroughs to deliver 37,000 affordable homes
9 February 2009
Mayor of London Boris Johnson has reached provisional agreements with 14 London boroughs to deliver more than 16,750 homes and identified a further 19 boroughs to deliver three quarters of his affordable housing target.
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Rock losses from repos jump
9 February 2009
Northern Rock has seen losses incurred from repossessed homes jump by 88% since it was nationalised a year ago, according to new data from its securitisation vehicle.
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Mortgage scheme slammed
9 February 2009
Only a small number of households will be helped by the Treasury’s homeowner mortgage support scheme, says a report by the Centre for Policy Studies, a free market think-tank. The scheme encourages lenders to defer interest payments for up to two years in return for a partial government guarantee.
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1m run home to mother
9 February 2009
Young and not-so-young Britons are returning to live with parents en masse as the credit crunch makes mortgages more unavailable. In spite of falling house prices and interest rates, a survey for high street bank Abbey estimates that more than 1m young people, dubbed 'baby boomerangers' by the bank, have postponed moving out – or have returned to their parents’ home – to save money for the larger deposits now required to qualify for a mortgage at reasonable rates.
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Sheffield City Council to set up local housing company
6 February 2009
Sheffield City Council has kick-started plans to form a local housing company that could build around 2,500 homes in the city in the next 10-15 years.
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Abbey provides one third of home loans
6 February 2009
Abbey provided almost a third of Britain’s mortgages last year as it withstood the worst of the financial crisis to post a 20% increase in profits to £991m.
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In-line results boost Bellway shares
6 February 2009
Home sales by Bellway, the UK’s third-biggest housebuilder, fell 38% in the six months to 31 January amid moribund housing and mortgage markets.
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Unexpected house price rise
6 February 2009
House prices rose for the first time in nearly a year in January, but were still down sharply on an annual basis, according to data from Britain’s largest lender.
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Homing in on the UK
06 February 2009
Falling house prices and the weak pound will tempt overseas investors
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Knight Frank Prime Central London Index – January 2009
6 February 2009
Prime London residential prices fell 3.7% in January 2009, the second highest monthly decline on record says Knight Frank.
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OFT heat on sale and rent back
06 February 2009
The Office of Fair Trading (OFT) has issued formal notices to 16 sale-and-rent-back firms to ask them to substantiate claims they make in their adverts
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Rogues and regulation
06 February 2009
Numerous reviews and bodies have backed greater regulation in the private rented sector, yet the government has failed to round up rogue agents
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Swindon care home sold for resi
06 February 2009
A private buyer has paid £500,000 for Redlands, the grade II-listed former care home in Swindon’s Old Town, which is to be redeveloped into housing, subject to planning consent.
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Tenancy Deposit Scheme withdraws insurance cover
06 February 2009
Government-approved scheme will no longer provide protection for unregulated agents
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This year’s models
06 February 2009
As property values sink further, investors and developers are switching to business models that put rental income above capital growth
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Wellcome puts trust in homes
06 February 2009
Most of Wellcome Trust’s £1.6bn property portfolio is residential. Investment MD Peter Pereira-Gray tells David Lawson why
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Zoopla.co.uk raises private equity
06 February 2009
Zoopla.co.uk, the residential property website, has raised £3.75m for expansion from private equity firms Atlas Venture and Octopus Ventures. Launched a year ago, Zoopla is one of the UK‘s five most-visited property websites and claims a total of 5 million visits.
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House prices rise by a surprise 1.9% in January
5 February 2009
House prices increased by 1.9% in January, reversing December's 1.6% fall, found the latest Halifax house price Index
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Debt trap as house prices fall and job prospects recede
5 February 2009
Middle-class families are being caught in the debt trap as house prices continue to fall and job prospects diminish, a new report suggests.
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All Party Parliamentary Group to advise on housing
3 February 2009
An All Party Parliamentary Group focused on sustainable housing has been set up to advise the government on achieving its ambitious housing policies.
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Building societies urge interest rate hold
3 February 2009
The building society trade association yesterday called for the Bank of England to resist the temptation of cutting interest rates on Thursday as doing so would penalise savers and pensioners, while borrowers are more preoccupied with loan availability the level of interest payments.
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OFT acts on sale-and-rent-back schemes
3 February 2009
The Office of Fair Trading is cracking down on sale-and-rent-back companies that promise to rescue homeowners who are struggling with their mortgage repayments.
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OFT seeks substantiation of sale and rent back adverts
2 February 2009
The Office of Fair Trading (OFT) has issued formal notices to 16 sale and rent back firms asking them to substantiate claims they make in their adverts.
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House prices could fall 40%
2 February 2009
House prices will fall by 40% from their peak in 2007 unless government action succeeds in boosting mortgage lending, it was warned yesterday.
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MPs urge protection for building societies
2 February 2009
MPs are calling on the Financial Services Authority to overhaul the UK’s deposit protection scheme to ensure building societies do not bear a disproportionately large share of the £1bn annual bill.
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Branson ponders mortgage move
2 February 2009
Sir Richard Branson, is considering a return to the mortgage market.
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House prices drop 16% in year
30 January 2009
The Nationwide House Price Index recorded its 15th straight monthly fall after prices slid 1.3% in January, while the UK Land Registry’s House Price Index for December recorded a drop of 2.0%. The Land Registry also revised the drop in November to 2.1% from an estimated 1.9%.
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Brown orders new council house programme
30 January 2009
The biggest council house building programme for decades was ordered by Gordon Brown yesterday as he urged town halls to rescue the construction industry and help to kick-start the economy.
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Boris scraps London Plan in bid to deliver homes
30 January 2009
London mayor Johnson pushes programme to use Greater London Authority land for cheaper housing
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Buoying up the buyers
30 January 2009
The government needs to act to meet increased demand for home loans
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House prices 1% January fall
30 January 2009
House prices fell by 1% over January – the 16th month of consecutive falls – taking the fall in prices over the past year to 9.4%, Hometrack reported this week in its latest monthly survey of agents
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North set to suffer
30 January 2009
Cities in the north of England – including Liverpool and Hull – are likely to be hardest hit by recession this year, a thinktank claimed this week
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Oakdene Homes administration
30 January 2009
Oakdene Homes has called in the administrators after failing to reach an agreement with lenders over new debt terms
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The house that HBOS built
30 January 2009
The Lloyds TSB/HBOS merger could trigger consolidation among a raft of bank-backed housebuilders
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Boris Johnson gives green-light to Ealing redevelopment
29 January 2009
London mayor Boris Johnson has given the go-ahead for the £500m redevelopment of Ealing town centre including that of the Arcadia Centre.
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Oakdene Homes’ assets up for sale
29 January 2009
The administrator of Oakdene Homes has put some of the companies assets up for sale.
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House prices drop a further 1.3% says Nationwide
29 January 2009
UK house prices fell by 1.3% in January bringing the annual rate of decline to 16.6%, according to Nationwide's latest house price index.
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CML urges collar for trackers
28 January 2009
The Council of Mortgage Lenders called on the Government to impose a collar on the base-rate tracker mortgages held by three million homeowners. It said that a collar preventing tracker mortgages from falling to 0 per cent 'made logical sense' because low interest rates were hampering banks in attracting more savings.
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Kerslake supports institutionally-backed rented residential sector
27 January 2009
Sir Bob Kerslake, chief executive of The Homes and Communities Agency, today gave his support for an institutionally backed private rented residential sector.
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Mortgage approvals edge up
27 January 2009
The number of mortgages approved for house purchase edged up in December, but remained barely half their level of a year ago. The British Bankers’ Association said that UK banks approved 22,051 mortgages last month, up from a record low of 17,339 in November. Net lending to companies also slumped to £14bn, the lowest figure on record.
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Miller exits Edinburgh resi scheme
26 January 2009
Miller Group has pulled out of its 25% stake in a 5,000 homes residential scheme in Edinburgh.
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Barking Riverside submits plans for 4,000 homes
26 January 2009
Barking Riverside has submitted three major planning reserve matter applications to the London Thames Gateway Development Corporation as part of a wider plan for a £1.9bn development in the East London area.
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House prices fall as deals take longer
26 January 2009
House prices have fallen further, according to the Hometrack monthly housing survey.
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Oakdene Homes appoints administrator
23 January 2009
Oakdene Homes has called in the administrators after it failed to reach an agreement with lenders over new debt terms.
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Northern Rock may get £10bn expansion
23 January 2009
The Government is considering injecting as much as £10bn into Northern Rock and may start hiring new employees in order to use the Newcastle-based lender to ramp up new mortgage lending.
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Oakdene close to collapse
23 January 2009
Oakdene Homes is on the brink of collapse after it failed to reach an agreement with lenders over new debt terms.
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Eddisons buys Wildheart to extend services
23 January 2009
Surveying firm Eddisons has bought Wildheart, the asset management business that emerged last year from collapsed residential developer City Lofts
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Mixed reaction to £200m mortgage rescue scheme
23 January 2009
British Property Federation criticises lack of ambition; National Housing Federation welcomes plan
-
Self-build could solve homes crisis
23 January 2009
People who build their own homes could help to solve the housing crisis, the National Self Build Association has claimed
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Social unrest
23 January 2009
As social housing faces a cash crisis, landlords may have to join forces to stave off insolvency
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Housebuilder Oakdene faces collapse
22 January 2009
Oakdene Homes, the listed housebuilder, is on the brink of collapse.
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House sales down 40%
22 January 2009
Figures from HM Revenue & Customs showed that house sales fell by 40% last year, with 930,000 homes changing hands, down from 1.6 million in 2007. This reduced the Government’s income from stamp duty to £9.4bn, from £14.6bn in 2007.
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Mortgage lending down 11%
22 January 2009
Figures from the Council of Mortgage Lenders showed that gross mortgage lending reached an estimated £12.6bn in December, down by 11% from £14.2bn in November and down by 47% on December 2007.
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NAEA see green shoots
22 January 2009
The National Association of Estate Agents said that while the market remained 'severely depressed' during December, there had been a rise in the number of house hunters and also the number of properties on estate agents’ books.
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Surrey County Council seeks development partner
21 January 2009
Surrey County Council is looking for a development partner to buy and redevelop part of Cobham town centre.
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Banks face suit over 8000 mortgages
21 January 2009
Barclays and HBOS face the prospect of a costly court action by thousands of homeowners said to be in financial hardship after taking out shared appreciation mortgages in the late 1990s.
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Government advised to regulate residential estate agents
20 January 2009
A report published today by the Department for Business has called for greater strengthening of regulations governing residential estate agents.
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Sellar to develop London Bridge ‘tower cluster’
20 January 2009
Irvine Sellar’s Sellar Property Group has unveiled plans to develop a cluster of towers around London Bridge Station.
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Northern Rock eases back into lending
20 January 2009
The nationalised bank is slowing its rate of mortgage redemptions after announcing it had reduced its Government loan ahead of schedule. It added that it had benefited from its policy of encouraging customers to remortgage with others when their fixed-rate deals end and now more mortgage customers would be able to stay with the company.
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Costs let Nationwide cut fixed-rate deals
20 January 2009
Nationwide, Britain's biggest building society, will cut its fixed-rate mortgage deals on Wednesday by up to one percentage point, reflecting a fall in the cost of wholesale mortgage funding.
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Standard Life Investments tackles Brighton seafront again
19 January 2009
Standard Life Investments is restarting plans to carry out a major mixed-use development on Brighton’s seafront in Sussex after putting the scheme on hold last year because of adverse market conditions.
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Rightmove sees activity surge
19 January 2009
The new year has seen a surge in 'window shoppers' for new homes, with the number of inquiries from those seeking to look at properties more than doubling even as actual sales stay near record lows.
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House market could see prices rise by end of 2009
19 January 2009
The housing market should bottom out in the coming 12 months, and by the end of the year prices could start to rise again, according to new research.
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Housing minister sees property upturn signs
19 January 2009
Margaret Beckett, housing minister, claimed there were signs of an 'upturn' in the property market despite record price falls.
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City & Suburban switches to hotel plan
19 January 2009
The residential property developer acquired a site in South London two years ago for about £2m to build luxury apartments. Now it will build a budget hotel instead and Travelodge, subject to planning consent, will run the property on a 25-year lease.
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Work starts on St Austell regeneration
16 January 2009
Work has started on three residential blocks within St Austell’s £75m town centre regeneration scheme, which is due to open this autumn.
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BPF calls for residential rescue from government
16 January 2009
The British Property Federation has called for real action, rather than tinkering around the edges, to deal with the problems in the housing market.
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Mortgage approvals down 60%
16 January 2009
Lenders called for more government intervention to boost the market as mortgage approvals fell to a new low in November. Only 33,000 home loans were approved, down 60% from a year earlier. Loans to first-time buyers hit a record low of 12,400.
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Chester Row sale gives hope for high-end resi in London
16 January 2009
All six flats in developer’s latest Kensington scheme sold to overseas buyer for £30m
-
Icy blast from the past
16 January 2009
The last downturn could provide a clue to how land values will be affected in 2009
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Oracle to cut staff and close London headquarters
16 January 2009
Oracle Group has become the latest victim of the housing downturn after making redundancies and planning to sell its headquarters in London’s West End
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Property developer Quintain launches UK's first vacuum waste disposal system at Wembley
16 January 2009
Quintain’s high-tech waste disposal system at Wembley City has allowed it to maximise space use and minimise carbon emissions
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Reland seeks Cotswold take-off
16 January 2009
Gladedale Group subsidiary Reland has submitted an outline application to Cotswold District Council for a 368-home redevelopment of the former military airbase at Upper Rissington
-
Unistar sells Haringey site
16 January 2009
Unistar Properties has raised £1.35m from the sale of a 0.3 acre development site on Mount Pleasant Villas in Haringey, north London
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Barratt reduces debt by £230m thanks to Wilson Bowden sales
15 January 2009
Housebuilder Barratt Developments has reduced its net debt by £230m.
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Mortgage customers still not getting rate cut benefit
15 January 2009
Certain borrowers can now secure a mortgage rate below 3% as lenders have taken the axe to their new deals following last week’s base rate cut.
-
Taylor Wimpey slashes debt but remains cautious
14 January 2009
Taylor Wimpey said that it had paid down debt and was on track to reach an agreement with its lenders before the house builder’s covenants are tested at the end of March.
-
Mortgage holidays 'may reduce lending'
14 January 2009
Banks have warned they could be forced to cut back drastically on new mortgage lending because of the government’s flagship scheme to offer a state-backed payments holiday for struggling homeowners.
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Knight Frank Prime Central London Index – December 2008
13 January 2009
Read KF's latest report for London's prime central market
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Taylor Wimpey reduces debt but keeps talking to banks
13 January 2009
Struggling housebuilder Taylor Wimpey has reduced its debt mountain, but the weakening of the pound has hit its efforts to improve its balance sheet position, it said today.
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Gladedale subsidiary submits plans for Cotswold airbase
9 January 2009
Gladedale Group subsidiary Reland has submitted a planning application for a 368-homes development on a former military airbase in the Cotswolds.
-
Bovis plans no final dividend
9 January 2009
Housebuilder Bovis today announced it is not intending to pay a final dividend for 2008.
-
First-time buyers unlikely to see cut
9 January 2009
Conditions for new mortgage borrowers are unlikely to ease even though interest rates have hit an all-time low, as expected property price falls maintain banks’ reluctance to lend.
-
BoI to cut new mortgages
9 January 2009
Bank of Ireland will shrink new mortgage lending in the UK by up to 80% – making home loans even scarcer – at a time when the government is trying to revive lending to homeowners and small businesses.
-
Chainbow Lites up residents
09 January 2009
Chainbow, the London-based residential property manager, has launched a pay-as-you-go scheme in its buildings of up to 10 flats.
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Eco-homes for hospital site
09 January 2009
Barratt Developments and the Homes and Communities Agency will redevelop Hanham Hall hospital outside Bristol into 195 eco-homes.
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Employment benefits
09 January 2009
A report out this week calls for developers to help ease local unemployment.
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Go with the flow
09 January 2009
Population movement will determine the demand for new housing developments.
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Green digs in Greenwich
09 January 2009
Cathedral Group has won planning permission for a 200-room student village in the Ashburnham Triangle conservation area of Greenwich in south-east London.
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Unhappy new year as housing continues downward spiral
09 January 2009
Double-digit falls and rocketing repossessions forecast for 2009
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Government and Bovis £18m affordable housing deal
7 January 2009
The Homes & Communities Agency has struck an £18m deal with Bovis Homes to buy the housebuilder’s unsold stock to provide more affordable housing.
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Government bails out Bovis in forced sale
7 January 2009
Bovis Homes has been forced to sell hundreds of unwanted houses to the Government, it emerged yesterday in further evidence of weakness in the property market. The developer sold 379 homes in the South-west, West Midlands, East Midlands and East of England in an £18m deal with the Government to provide affordable housing for poor families on waiting lists.
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House prices slump 16% year-on-year
6 January 2009
House prices fell by 15.9% in 2008, Nationwide said today - the biggest annual drop since the society began publishing its index in 1991.
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Turnstone gets go-ahead for Ipswich scheme
5 January 2009
Turnstone Estates and Revcap have been granted planning consent for a £50m mixed use scheme in Ipswich.
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House prices at lowest level for four and a half years
2 January 2009
UK house prices slipped by a further 2.2% in December to their lowest point since August 2004, according to research from Halifax.
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Housing market unlikely to recover before 2010
2 January 2009
More than six in 10 economists believe 2009 will be a year in which to avoid buying property, with prices falling into 2010.
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Northern flats may have bottomed out
2 January 2009
The prices of city centre apartments in the North of England – one of the sectors hardest hit by the housing market slump – have reached the bottom of the market, according to Allsop.
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Nationwide defies Darling over morgage cuts
2 January 2009
Nationwide will not pass on any further cuts to the Bank of England base rate to customers with tracker mortgages, The Times has learnt.
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House prices fall in south-east but remain beyond fist timers
31 December 2008
House prices in England and Wales fell further in November, with declines particularly acute in the relatively affluent south-east, sending average values to levels not seen since February 2006, official data show.
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House prices continue to slide in every region
30 December 2008
House prices fell by a further 1.9% in November according to the Land Registry who said overall activity in the market dropped again as well.
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House experts differ on depth of slump
30 December 2008
House prices are set to fall by an average of 10% next year, according to forecasters, with some experts expecting the decline to bottom out after summer.
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Britons pay off mortgage debt
30 December 2008
New signs of a deep contraction in the British economy emerged yesterday with further evidence that householders have cut retail spending and started to reduce debt.
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Bovis secures new banking facility
29 December 2008
Bovis Homes today announced that it has secured a new £220m banking facility until 2011, as predictions for the housing market get ever more gloomy.
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House prices 'to fall another 12%'
29 December 2008
House prices will fall by a further 12% next year, according to Britain's longest-established property website, adding to the gloom for the nation's struggling homeowners.
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House prices to fall further 10% says RICS
24 December 2008
The RICS has forecast that house prices will fall by 10 per cent in 2009, but said that sales volumes would climb by the same amount.
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Mortgage lending hits record low
24 December 2008
The number of mortgages granted to new home buyers in November tumbled by nearly two thirds to a record low, it emerged yesterday.
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King Sturge secures planning for East London homes and school
22 December 2008
King Sturge has secured planning permission for 649 new homes and a new primary school in Canning Town, East London, on behalf of Countryside Properties.
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TfL talks delay Elephant & Castle’s £1.5bn regeneration
22 December 2008
Lend Lease and Southwark Council have delayed the signing of a development agreement for the £1.5bn regeneration of Elephant & Castle due to protracted negotiations with Transport for London.
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Treasury gets go ahead for Ballymun scheme
22 December 2008
Treasury Holdings has been granted planning permission to develop its €800m (£758m) Spring Cross scheme in Ballymun Town Centre in North Dublin.
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Newcourt in talks to sell Ely Property Group to founder Marley
22 December 2008
Newcourt Group is in talks to sell its buy-to-let and student accommodation subsidiary Ely Property Group to a consortium of investors led by Ely’s founder Philip Marley.
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No house price to recovery for 10 years
22 December 2008
House prices will not recover to their 2007 peak for at least a decade, according to Legal & General Investment Management.
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RICS urges action on abandoned homes
22 December 2008
The Government could house tens of thousands of families if it took steps to help to bring Britain's empty homes back into use, according to a report by the RICS.
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House sales forecast for record low in 2009
22 December 2008
House sales are set to fall to a record low next year, with less than 700,000 homes expected to change hands. This equates to households in the UK moving just once every 31 years.
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Royal Bank of Scotland in repo mystery
22 December 2008
Royal Bank of Scotland, the nationalised bank, has sent threatening letters to homeowners saying that their homes will be repossessed if they fail to repay their entire mortgage within 30 days.
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French connection for Hard Rock’s Cox and buy-to-let king
19 December 2008
Instant Access founder Moore sets up joint venture for two south of France resorts with Cox brothers
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Leeds charity helps homeless renovate their future homes
19 December 2008
Leeds-based charity Canopy takes a novel approach to the housing shortage: derelict properties for the homeless are renovated by the homeless
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Slump in land sales creates problems for valuers
19 December 2008
A lack of land sales is clouding attempts to measure any drop in values, says Charles Solomon
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Beckett moves to make homes carbon neutral by 2016
18 December 2008
Housing Minister Margaret Beckett has set out the Government's proposals to make all new homes zero carbon from 2016.
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Residential sale raises £2.3bn
17 December 2008
Residential agents scored £2.3bn via a three-day housing sale coordinated by Countrywide
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New development manager appointed to City Lofts’ Sheffield tower
17 December 2008
A new development manager has been appointed on Sheffield’s tallest residential tower.
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Galliford Try wins £25m affordable housing contract
17 December 2008
Galliford Try has been selected as the preferred bidder for a £25m contract to provide 178 mixed tenure apartments for One Housing Group in Stratford, East London.
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Lifeline for Penrith retail development
17 December 2008
The Northwest Regional Development Agency (NWDA) is providing a £1m lifeline to Penrith’s New Squares shopping and housing scheme.
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Nationwide revives 95% mortgage - at a price
17 December 2008
Nationwide, Britain's biggest building society, has become the first lender to re-introduce mortgages worth up to 95% of a property's value.
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Regulator monitors six housing associations
17 December 2008
Six housing associations are on a regulator’s watch list over concerns about their financial health.
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English Heritage asks Government to call in Centros’s Lancaster scheme
16 December 2008
English Heritage has written to the Government Office for the North West to recommend that the outline planning application for the Centros’ Lancaster scheme be called in by the Secretary of State for Communities and Local Government.
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Hackney shortlists best designed schemes
16 December 2008
Modern City Living, the Peabody Trust and First Base have all made the shortlist for Hackney Council’s design awards for 2008.
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Government unveils £400m first-time buyer housing boost
16 December 2008
The government has approved a £400m funding package for the Homes and Communities Agency to help first time buyers buy their own home as part of the plan to tackle the economic downturn.
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House building starts lowest since 1924
16 December 2008
The construction of about 135,000 private houses were started this year, down from 203,500 last year, figures from the Construction Products Association and Ernst & Young showed. It is the lowest number of housing starts during peace time since 1924, when housebuilders started work on 87,000 properties.
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Abbey tightens rules on lending
16 December 2008
Abbey, one of the UK’s largest lenders, has introduced stricter criteria to calculate how much new customers can borrow.
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Borrowing costs to fall as Government cuts charges
16 December 2008
Businesses and homeowners should see borrowing costs fall and availability of loans improve after Alistair Darling yesterday cut the fees the government charges to guarantee bank borrowing.
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House prices will fall 30% says Barclays chief
15 December 2008
House prices will fall a further 15% next year, the head of the high street bank Barclays claims today.
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Prime mortgage arrears at 8 year high
15 December 2008
Prime mortgage borrowers are struggling to keep up their payments – the proportion of top-quality loans held in asset-backed securities that are at least one month in arrears has risen 50%.
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Agents fear rent collapse stymied sellers flood market
15 December 2008
People who are unable to sell their properties because of the collapse of the residential sales market are now flooding the lettings sector with unusual, high-specification homes that are often being offered to tenants at bargain prices.
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Docklands homes flood market
15 December 2008
City workers are rushing to offload their Canary Wharf apartments amid job losses in the financial sector, according to figures from Rightmove.
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Basildon bonds with private sector for housebuilding
12 December 2008
Basildon council is examining the possibility of creating a public-private sector local housing company in a bid to kickstart development in the Essex town.
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Campus Living moves into UK student halls
12 December 2008
Australians pay Salford University £11m for 755 flats
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Curiosity peaked
12 December 2008
Continuing house price falls have put buyer enquiries back into plus figures
-
Fleming Group lodges application for first UK mixed-use development
12 December 2008
Irish developer Fleming Group has lodged a planning application with Brent Council for a mixed-use development on its first UK site.
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Student halls make the grade for investors
12 December 2008
While other sectors get bullied by the recession, student accommodation is on course for a first
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Mortgage spreads widen as bank hold back rate cuts
11 December 2008
The gap between interest rates and the average standard variable rate mortgage is the largest in 13 years – despite the Bank of England’s drastic attempts to get the banks lending again.
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Chancellor extends mortgage breathing space
11 December 2008
Alistair Darling extended the potential length of a state-backed mortgage holiday for struggling homeowners yesterday, but he insisted that the risks of default would be shared with lenders.
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Housing crisis hits cricket club
10 December 2008
A local cricket club trying to re-develop its ground has been hit by the crisis engulfing the UK’s residential developers.
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Hammerson settles Light Bar dispute at Bishop’s Place scheme
10 December 2008
Hammerson has settled its dispute with the leaseholder of a bar located on a site on the eastern fringes of the City of London where the developer is planning its major Bishops Place scheme.
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Welsh miner's hospital transformed into luxury homes
10 December 2008
A former miners’ hospital in South Wales has been turned into 26 luxury homes.
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House price fall accelerates
10 December 2008
The pace at which house prices are falling stepped up in October, according to data from the Department of Communities and Local Government, which said its house price index fell by 2.5% in that month alone.
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Gailliford Try to developer 350 homes in Gloucester
9 December 2008
Galliford Try and the Homes and Communities Agency (HCA) have singed a joint venture agreement to redevelop the former Gloscat College Site at Gloucester.
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House sales lower but buyer interest up says RICS
9 December 2008
The average number of house sales.per surveyor fell again in November but buyer interest rose for the first time in more than two years, according to the RICS.
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House sales fall as inquiries rise
9 December 2008
House sales continued to fall in November, with the average number of transactions hitting a record low, according to the latest housing market survey from the RICS.
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House prices set to fall end of 2010
9 December 2008
House prices are set to fall for another two years, losing almost a third of their value compared with last year’s peak. The property specialist Jones Lang LaSalle has forecast falls of 13-15% in 2009. Prime central London property will fare even worse, with 16-20 per cent falls expected next year.
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Landlords braced for rent arrears
9 December 2008
Almost three-quarters of landlords are bracing themselves for a rise in the number of tenants falling behind with their rent. About 71% of buy-to-let investors expect rent arrears to increase next year, up from one-third today, the National Landlords Association said.
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Hips extension slammed by estate agents
9 December 2008
People trying to sell their homes will from next April have to alert potential buyers to the risk of flooding, any structural damage and parking arrangements in an extension of the controversial home information packs scheme.
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Galliford appointed to develop Gloucester College site
8 December 2008
Galliford Try has been appointed by the Homes and Communities Agency to redevelop a six acre site in Gloucester.
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House price outlook gloomy
8 December 2008
The survey by the RICS, due out tomorrow, is expected to show 83% more surveyors reporting that prices fell rather than rose during November, compared with 82% in October.
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Halifax sees gloomy future for prices
5 December 2008
Average house prices fell by 2.6% in November from the previous month, wiping out the gains on home equity earned since July 2005, according to the Halifax house price index published yesterday.
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Big banks not passing on rate cuts
5 December 2008
Britains's biggest banks defied Gordon Brown last night by failing to pass on the lowest interest rates for more than 50 years.
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Rates lowest since 1951
5 December 2008
Interest rates were slashed by another percentage point yesterday, bringing the official cost of borrowing down to 2%, equal to the lowest rate since the Bank of England was founded in 1694.
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Banks still seeking clarity on mortgage plan
5 December 2008
Bankers pressed the Treasury yesterday for clarity on a scheme to let homeowners facing repossession defer interest payments, amid confusion over who would be eligible, how claims will be policed and whether banks will be charged a fee.
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10-year trek to the peak
05 December 2008
Property values could take a decade to recover 2007 highs.
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London house prices to reach nadir in 2009
05 December 2008
London is set for the sharpest slump in house prices next year, Jones Lang LaSalle said in its annual residential property forecast this week.
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New homes agency head promises seamless transfer
05 December 2008
Sir Bob Kerslake pledges ‘really hard, tough effort’ at Thames Gateway Forum
-
Sargeants’ orders
05 December 2008
A former Victorian asylum is the latest in a string of historic buildings to be redeveloped by ambitious, family-run renovation specialist City & Country.
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Goodman gets go-ahead for Brum’s £450m Eastside Locks
4 December 2008
Goodman has got the green light for its £450m, 1.5m sq ft Eastside Locks development in Birmingham.
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Giles Barrie on the BBC discussing St Paul's Tower in Sheffield (audio)
4 December 2008
Property Week editor Giles Barrie on BBC Radio Sheffield talking about the future of the controversial St Paul's Tower in Sheffield.
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Minerva drinks to iconic Ram Brewery redevelopment
4 December 2008
Minerva has got the green light for a 1m sq ft redevelopment of the former Young’s Ram Brewery in Wandsworth, south west London.
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House prices fell by 2.6% in November, bringing the average price down to July 2005 levels.
4 December 2008
The average house now costs £163,445, according to the monthly Halifax house price index for November.
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Holiday confuses lenders
4 December 2008
Britain’s biggest mortgage lenders were last night struggling to work out the details of a hastily arranged scheme designed to prop up the housing market and add lustre to an otherwise dull Queen’s Speech.
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Brown offers a mortgage lifeline
4 December 2008
Homeowners facing the threat of repossession were yesterday offered a government lifeline in the form of a £1bn scheme that will allow mortgage interest payments to be deferred for up to two years.
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Northern Rock offers respite
4 December 2008
Northern Rock has joined a growing list of banks agreeing to help struggling homeowners by delaying the issue of repossession orders by six months. Last month it emerged that Northern Rock had seized 4,201 homes by the end of September, almost double its rate at the end of last year. last night, with a deal under which he cedes control to bankers and leaves shareholders with virtually nothing.
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Mercantile Group buys Vincent Tchenguiz’s Chesterton stake
3 December 2008
Salah Mussa’s Mercantile Group has bought Vincent Tchenguiz’s 50% stake in estate agency Chesterton for an undisclosed sum.
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Uttoxeter plans overhaul of JCB town centre site
3 December 2008
McDowell + Benedetti has won the competition to masterplan the redevelopment of JCB’s Heavy Products site in Uttoxeter, Staffordshire.
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Mortgage squeeze set to tighten says CML
3 December 2008
Lenders warned last night that consumers would face continued 'mortgage rationing', with a 'worsening of the picture next year' unless the government stepped in to support the industry.
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Government crisis response slammed
3 December 2008
The Government's response to the mortgage lending crisis has been confused and ineffective critics warn, with calls for new solutions gathering pace as repossessions rise and mortgage lending figures continue to plummet.
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FSA says Halifax tracker loans must fall in line
3 December 2008
The FSA said yesterday that more than half a million Halifax customers on tracker mortgages should benefit from further interest rate cuts even though the small print on their loans supposedly prevents them from doing so.
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Mortgage collars deny cut benefits
3 December 2008
Up to a million homeowners may not see the full benefit if, as expected, the Bank of England reduces interest rates by a full percentage point tomorrow.
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Frontier sells Old Queen Street building for £8.5m
2 December 2008
Frontier Estates has sold 37- 41 Old Queen Street, close to London’s St James’s Park, for £8.5m, just five months after acquiring the building for £7m.
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Mortgage lending dives 70%
2 December 2008
The housing slump seems set to worsen after official figures revealed yesterday that mortgage lending dived by nearly 70% in October.
-
Banks refuse to follow RBS lead
2 December 2008
Rival banks declined to follow the lead of Royal Bank of Scotland in pledging to wait six months before starting the process of repossessing a home.
-
John Laing and Croydon Council sign £450m regeneration deal
1 December 2008
John Laing and Croydon Borough Council have today formally signed a partnership to create a £450m local asset backed vehicle to regenerate significant sites across Croydon town centre and develop a council headquarters.
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House prices down 8.1%
1 December 2008
Average property prices across England and Wales have fallen 8.1% over the past year, according to a survey of estate agents and surveyors released today.
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RBS offers six-month mortgage respite
1 December 2008
The political and public campaign to force Britain’s banks to do more to help customers weather the economic downturn will gain impetus today with a promise from Royal Bank of Scotland to give at least six months’ breathing space to homeowners who fall behind with mortgage payments.
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Land Registry data 'flawed'
1 December 2008
The Government's official house price index, produced by the Land Registry, has been accused of misleading homebuyers and policymakers after it emerged that it excludes repossessions and auctions on the grounds that they do not reflect the 'full market value' of the sale.
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RICS issues further guidance on ‘valuation uncertainty’
29 November 2008
The RICS said valuers must not use Guidance Note 5 in the RICS Red Book in a manner which could cause ‘the client or auditor to question the validity of the valuation, or to qualify a valuation report’.
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House prices could fall a further 36%
28 November 2008
House prices are set to fall a further 36% over the next two years in what could amount to the worst post-war housing crash, according to the price of contracts being traded on the derivatives market.
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Pace of house price falls may be slowing
28 November 2008
House prices fell at the slowest pace in a year over the past month but the pain for homeowners is far from over, experts said yesterday.
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Brown pledges to boost mortgage market
28 November 2008
Gordon Brown stressed the government’s determination to try to kick-start the mortgage market after yesterday chairing a summit with the construction industry.
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Buy-to-let mortgage woe
28 November 2008
The number of Buy-to-let mortgages in arrears increased by 30% in the third quarter of the year, says the Council of Mortgage Lenders.
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Johnson’s £5bn resi spend
28 November 2008
Boris Johnson’s £5bn spending plans will ‘jackhammer’ through the capital’s struggling residential market, he said last week.
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Losing by a landslide
28 November 2008
Housebuilders stand to lose up to £9.9bn as land values collapse
-
Southern softness
28 November 2008
A growing supply of residential land has no buyers.
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UK Residential Property Market: November 2008
28 November 2008
How low will it go? asks CBRE's latest report.
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Wyatt paves green path for Thames Gateway
28 November 2008
Quintain boss lays out sustainable recommendations in interim ‘green paper’
-
Muse finally signs for Swindon's £350m Union Square
27 November 2008
Muse Developments has signed a development agreement to deliver the £350m Union Square mixed-use scheme in Swindon town centre, Wiltshire.
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One in four subprime mortgagees in arrears
27 November 2008
Almost one in four subprime mortgage holders have fallen behind in their payments, a sharp rise from the one in five delinquent borrowers a year ago, according to Standard & Poor’s, the rating agency.
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Asking prices fall as reality bites
27 November 2008
Homeowners desperate to attract buyers have cut asking prices by an average of nearly £17,000 over the past fortnight, figures suggest.
-
Investor buys Knock Down Street
27 November 2008
Investment funds are taking advantage of the sharp downturn in house prices to buy cheap properties from struggling buy-to-let landlords and distressed homeowners.
-
Rock hikes mortgage rates
27 November 2008
Northern Rock, the stateowned bank, yesterday defied government calls for cheaper mortgages as it increased the rates of its most competitive home loans just 10 days after reducing them.
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Galliard Homes boss asks Alistair Darling and banks to waive loan covenants
26 November 2008
Galliard Homes managing director Stephen Conway has sent an open letter to the company’s three main clearing banks, Chancellor Alistair Darling, and other senior politicians asking for a waiver of restrictive loan to value covenants.
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Margaret Beckett to help ‘at risk’ Thames Gateway regeneration schemes
26 November 2008
Beckett underlined the government’s commitment to the Thames Gateway and pledged to identify and help regeneration schemes that are at risk of stalling in the face of the economic slowdown.
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Boris Johnson approves major Tower Hamlets resi scheme
26 November 2008
Mayor of London Boris Johnson has given the go-ahead for Barratt Homes East London’s development in Tower Hamlets on the site of St Andrew’s Hospital.
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Mortgage approvals plunge again
26 November 2008
Mortgage approvals last month fell by more than half from a year earlier, according to data from the British Bankers’ Association which economists said underlined the extreme pressure on the housing market.
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Housing measures criticised
26 November 2008
Housing experts were yesterday critical of a failure to do more to stimulate the market, which the Treasury has estimated could fall by around a fifth in the two years to the end of 2009.
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Plans submitted for £180m mixed use regeneration scheme for Canning Town
24 November 2008
The English Cities Fund has submitted plans for a £180m mixed-use development in Canning Town, east London that will also see the revitalisation of a historic market.
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Keren Homes in administration
24 November 2008
Keren Homes and subsidiary Keren Homes Birmingham have both gone into administration.
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Repossessions up by 12%
21 November 2008
Repossessions jumped by 12% in the third quarter of the year as increasing numbers of homeowners struggled to make their mortgage repayments, figures showed today.
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Darling must take radical action say home builders
21 November 2008
The Home Builders Federation has called for Alistair Darling to take ‘radical action’ in next week’s pre-budget report to help the ailing housing market.
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Building falls but mortgages offer hope
21 November 2008
House building has slumped to a record low, with the number of new houses started almost 50% down on a year ago.
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Mortgage debt forces thousands to sell up
21 November 2008
More than one in five homes on the market are there because their owners cannot afford the mortgage repayments, The Times has learnt.
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Crosby sells Brum flat £1m
21 November 2008
Crosby Lend Lease said that one of its penthouse flats, set at the apex of the 25-storey Orion Building in Birmingham, had been sold for £1 million and described the sale as a 'huge coup' for the city.
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US: support for mortgage protection plan
21 November 2008
Support is building for an anti-foreclosure plan proposed by Sheila Bair, the head of the Federal Deposit Insurance Corporation, in spite of resistance from the Bush administration.
-
Bellway keeps grant flats
21 November 2008
Bellway claims to have stolen a lead on its rivals by becoming the first developer to receive grant funding for affordable housing from the Housing Corporation and then retain ownership of its development.
-
Land values fall at their fastest rate for 30 years
21 November 2008
Savills research show values have plummeted by a third in six months but have not reached nadir
-
Tenants like landlords
21 November 2008
Most tenants get on well with their landlords, it was claimed this week by the Deposit Protection Service (DPS), the government-approved custodial scheme for the safeguarding of tenants’ deposit money.
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The US’s tax increment financing initiative may migrate to the UK
21 November 2008
An American ‘spend now, tax later’ way of funding regeneration, pioneered by Barack Obama’s home state, is gaining supporters over here.
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Glenkerrin scales back controversial Ealing Broadway Leaf plans
20 November 2008
Irish developer Glenkerrin has reduced its controversial residential tower in Ealing, west London.
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Minerva affordable housing agreement paves way for Kensington luxury apartments scheme
20 November 2008
Minerva has been given the go-ahead for its redevelopment of the Odeon cinema on Kensington High Street after concluding a section 106 agreement with the local council.
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Sir Bob Lane to head up London Thames Gateway Development Corporation
20 November 2008
Sir Bob Lane OBE is to become the new chair of the London Thames Gateway Development Corporation (LTGDC).
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David McLean finance director buys housebuilding business
20 November 2008
David McLean's group finance director John Kendrick last night bought the north-west based firm's house-building division.
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Boris Johnson unveils £5bn housing investment plan
20 November 2008
Mayor of London Boris Johnson unveiled a £5bn investment plan to support the capital's housing market over the next three years today.
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US home starts down
20 November 2008
The US Commerce Department said housing starts fell by 4.5% to 791,000 in October, down from 828,000 in September. Applications for building permits dropped by 12% to 708,000, from 805,000 in September.
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MPs target Rock over repos
19 November 2008
The government was under fire last night for reneging on its promise to help people threatened with losing their home as Northern Rock admitted it would be responsible for one in 10 repossessions this year.
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Debt write-off threat at McCarthy & Stone
19 November 2008
Lenders to McCarthy & Stone, the retirement-home builder, may have to write off nearly half of the company’s debt if third-party investors are not found to put up new money.
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Over a million without mortgage plan
19 November 2008
More than a million homebuyers – nearly half of those with interest-only mortgages – have no specific savings plan to repay their debts, an insurer claims.
-
Wolseley jobs slashed
19 November 2008
The building and plumbing materials supplier said that it would make 2,000 workers redundant in the next few months, having already cut 1,000 jobs in Britain. Wolseley has already cut 12,500 jobs worldwide since August 2007, about 18 per cent of its workforce
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Basildon council seals £247m housing estate regeneration deal
18 November 2008
English Partnerships, Basildon District Council and Swan Housing Group have agreed a £247m deal to regenerate Basildon’s Craylands and Fryerns estate.
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Glut of supply pushes rents down says RICS
18 November 2008
RICS residential lettings survey Q3 2008
-
Rents slump as empty houses flood market
18 November 2008
Residential rents fell for the first time since April 2003 in the three months to October as the supply of properties to let surged, according to the latest survey from the RICS.
-
Buy-to-let negative equity up to 40%
18 November 2008
Up to 40% of buy-to-let borrowers face falling into negative equity by the middle of next year as the rapid decline in house prices continues, a new report has warned.
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Builders urge tenfold rise in social buy-up fund
18 November 2008
The house building industry has called for a tenfold increase in the £200m fund set up by the government to buy unwanted homes from the private sector and turn them into social housing.
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Prime London homes drop by 11.5% this quarter
17 November 2008
New homes in prime London locations have fallen by a significant 11.5% during Q3 2008, according to Jones Lang LaSalle London Prime New Homes Index.
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£290m Hove scheme called off
17 November 2008
Plans for a £290m residential scheme in Hove, East Sussex, have fallen through due to the downturn.
-
IVG fund seals Bristol’s biggest deal this year
17 November 2008
An IVG fund has bought a city centre Bristol building for almost £22m, in the city’s largest investment deal this year.
-
Sellers withdraw as prices dive
17 November 2008
The number of homeowners selling their properties has dropped by 43% in the past year, as falling house prices deter potential sellers.
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Buy-to-let arrears linked to easier rules
17 November 2008
Buy-to-let mortgages made in 2006 and 2007 – roughly half of all outstanding BTL mortgages – are showing higher levels of arrears than those dating from earlier, before lenders relaxed underwriting standards, a Standard & Poor’s study shows.
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Rock eases up on repossessions
17 November 2008
Northern Rock has undergone a Damascene conversion over its treatment of mortgage customers in arrears, a debt charity has said.
-
Newcastle’s Stephenson Quarter scheme gets the green light
14 November 2008
Council has approved plans by local developer Silverlink Holdings for its proposed Stephenson Quarter mixed-use development.
-
Haymarket site called in as Unesco visits Edinburgh
14 November 2008
Tiger Developments’ plans for a hotel scheme in Haymarket in Edinburgh have been called in by the Scottish Government as Unesco arrives in the city to inspect its heritage credentials.
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Highmore Homes in administration
14 November 2008
Edinburgh-based residential developer Highmore Homes, part owned by Highcross the Newbury-based fund manager, has gone into administration.
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House prices 'far worse' than thought
14 November 2008
House prices across the UK have already fallen far further than official data and market indicators suggest, Rightmove, the online estate agent warned yesterday, as it revealed that up to 300 estate agents were quitting its service every month.
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Flat-pack homes plan halted by crunch
14 November 2008
BoKloks, the affordable Swedish prefabricated homes first marketed in Britain last year by flat-pack furniture giant Ikea, have become the latest victim of the economic downturn.
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Barratt calls for government to release more London land
14 November 2008
Brownfield sites could be used to ease capital’s housing shortage
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Distressed sales offer hope of an upturn
14 November 2008
A rise in forced sales could speed the housing market recovery
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Quantum leap
14 November 2008
Pinewood Studios is pioneering a film set concept in which people can actually live
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Rightmove: slashed interest rates lead to increase in house searches
14 November 2008
Rightmove, the property portal that displays 90% of all UK homes for sale, has reported a 20% increase in website traffic last Thursday when the Bank of England announced its dramatic 1.5 percentage point cut in interest rates.
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Southwark relaxes affordable housing rules
14 November 2008
A London council has responded to the downturn by approving a decrease in the amount of affordable housing for a scheme in Bermondsey.
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Australian Prestige Residential market report: November 2008
7 November 2008
All sectors of the Australian residential market have slowed over the last year, though the upper end of the prestige residential sector has weathered the downturn better than the mainstream market.
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Sales not helped by stamp duty cut
12 November 2008
The stamp duty holiday on house purchases, announced by government ministers with great fanfare two months ago, has failed to stimulate demand among homebuyers, the Council of Mortgage Lenders said yesterday.
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Tracker rates at highest in seven years
12 November 2008
Borrowers taking out tracker mortgages during the global credit crisis are paying the highest rates in more than seven years, official figures showed yesterday.
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Taylor Wimpey extends debt negotiations but remains pessimistic on UK housing recovery
11 November 2008
Taylor Wimpey has extended its debt negotiations to include its Eurobond holders and hopes to have a revised debt structure by early next year.
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Housing sales hit new low but there is 'increasing optimism' about next three months
11 November 2008
The average number of housing transactions per surveyor fell again in October as a lack of mortgage finance continued to stifle the ability of buyers to access the housing market, according to the RICS.
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High street sales plummet as home deals stall
11 November 2008
High street sales suffered their sharpest annual fall in nearly four years in October and home purchases fell to a record low, two authoritative reports will show today, in a further sign of the UK economy’s deepening woes.
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Nationwide expects 25% house price slide
11 November 2008
Nationwide maintained a gloomy outlook on the housing market yesterday, saying prices will fall by a total of 25% and there might be no bounce back until 2010.
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Prices of new-build homes eased by incentives
11 November 2008
Prices of newly built homes are likely to hit new lows as housebuilders increase sales incentives to shift stock by the end of the year.
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Hammerson will start no new schemes until 2010
10 November 2008
Hammerson today said it would not start any major development for more than a year.
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Qataris to buy Christian Candy out of Chelsea Barracks
10 November 2008
Qatari Diar is to buy out Christian Candy’s CPC Group’s equity stake in Chelsea Barracks.
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Housing slump 'will run to 2010'
10 November 2008
Builders are warning that the construction industry downturn will extend into 2010, as orders plummet and the collapse in housebuilding extends into the industrial and commercial sectors.
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Banks say no to more interest rate cuts being passed on
10 November 2008
High Street banks have told Alistair Darling they will not pass on any further interest rate cuts to consumers and businesses.
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House prices set to dip further
10 November 2008
The monthly gauge of house prices from the RICS, due tomorrow, is tipped to fall to minus 90 in October, from minus 84 in September. The house price index from the Department of Communities and Local Government, also published tomorrow, is expected to show that prices were 5% lower in September than a year earlier and down from 3.4% in August.
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Rate cut: Banks pull trackers
7 November 2008
All but two UK banks snubbed government calls to pass on yesterday’s dramatic interest rate cuts to new customers and more than 20 lenders withdrew deals that would have slashed borrowers’ monthly mortgage repayments.
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15% fall in house prices
7 November 2008
House prices in the UK plunged 15% in the year to October, Halifax said yesterday, as tighter lending continued to deter first-time buyers. Britain's biggest lender said prices fell 2.2% last month and warned conditions 'remain challenging'.
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Rate Cut: lucky few to feel 'historic' cut
7 November 2008
Lloyds TSB and Abbey were last night alone in promising to pass on the one and a half percentage-point cut in base rates to homeowners.
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'Seminars' pressure desperate owners
7 November 2008
Some buy-to-let property courses are urging members to cash in on rising home repossessions by persuading desperate homeowners to sell and rent back their properties.
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Entente Accordial
7 November 2008
Countryside’s residential scheme Accordia has disproved the theory that good design and high-density housing do not mix by scooping the 2008 Stirling Prize.
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Second government survey finds home info packs lacking
7 November 2008
Embarrassment as another government-commissioned survey finds confusion about HIPs
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Supply dogs digs
7 November 2008
Accommodation is limited, but student numbers are rising. By Jacqui Daly
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Property lobby groups welcome Planning Bill rethink
6 November 2008
Lobby groups have today welcomed a change to the Planning Bill that removes a link between the level of the new community infrastructure levy (CIL) and the increase in land value once planning permission has been granted.
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House prices fell by 2.2% in October bringing the annual decline to a record 15%
6 November 2008
House prices in the UK have now dropped to 2005 levels, making the average cost of a house £168, 176.
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Redrow sells just 38 homes a week
6 November 2008
Redrow, one of the UK’s largest house builders, has warned that the property market is 'extremely fragile' as it admitted it had sold just 38 homes a week over the last eight weeks.
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Falling prices draw in first-time buyers
6 November 2008
First-time buyers are edging back into the housing market, motivated by falling prices.
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Tracker mortgages axed to choke off demand
6 November 2008
Mortgage providers have pulled more competitive deals from the market, despite appeals from the prime minister for lenders to pass on cuts in interest rates.
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Homeowners 'should not expect cheaper deals'
6 November 2008
Lenders warned homeowners last night that they should not expect cheaper mortgage repayments even if the Bank of England cuts interest rates today.
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Abbey defies ministers to hike rates
5 November 2008
One of Britain’s largest mortgage providers yesterday pre-empted an expected cut in interest rates by announcing a rise in mortgage rates, defying ministers who want banks to lower the cost of borrowing.
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Second homes squeeze out affordable homes
5 November 2008
Waiting lists for affordable housing have soared by two-thirds during the past five years in areas of England that are popular with second homeowners. Waiting lists increased by an average of 66% between 2002 and 2007 in the top 10 areas of England for second homeownership, according to the National Housing Federation.
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North east house-builder Magellan goes into administration
4 November 2008
Dan Brown and Ian Butters of Deloitte were appointed administrators of the company and its subsidiary Magellan Residential (Denholme).
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Government launches second Eco-Town consultation
4 November 2008
The government today launched a second round of consultation on eco-towns which will examine proposed locations and standards for the towns.
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Rutland and RBS to appeal against 2,600 homes masterplan refusal
4 November 2008
A joint venture between the Rutland Group and Royal Bank of Scotland will appeal Waverley Borough Council’s rejection of its plans for 2,600 homes at the Dunsfold aerodrome near Guildford, Surrey.
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Government overturns Islington's block on 39-storey Derwent London tower
4 November 2008
Derwent London has been granted planning consent for the 400,000 sq ft scheme in London’s East End
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Banks may not pass on full rate cuts
4 November 2008
Home owners are unlikely to feel the full benefit of an interest rate cut, a senior executive at Britain’s biggest bank warned yesterday.
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U2 tower in Dublin shelved because of credit crunch
3 November 2008
The Dublin Docklands Development Authority has shelved plans to develop the U2 tower because of difficulties raising development finance.
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London house prices drop at record rate says Knight Frank
3 November 2008
Prime residential prices in central London fell by 3.9% in October, the fastest rate of decline on record, Knight Frank’s latest market report has found.
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Negative equity to hit 3m households
3 November 2008
Three million homeowners could end up in the trap of negative equity, with mortgage debts larger than the value of their property, as house prices continue to plunge, new City estimates show.
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Builders set for more writedowns
3 November 2008
The fall in property prices could wipe out the equivalent of more than a decade of profits in the house building sector as developers revalue their assets to reflect the lower value of the land on their balance sheets, according to industry analysts.
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London house prices drop at record rate says Knight Frank
31 October 2008
Prime residential prices in central London fell by 3.9% in October, the fastest rate of decline on record, Knight Frank’s latest market report has found.
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House prices show twelfth consecutive fall
31 October 2008
House prices fell by 1.4% in October, according to the latest Nationwide house price index – the 12th consecutive monthly decline – wiping out average gains in housing value since February 2006.
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Euro visionaries
31 October 2008
Should Britain abandon eco-towns in favour of European-style urban extensions?
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Lukewarm reception for ‘tinkering’ Rugg report
31 October 2008
Housebuilders welcome gesture but lament lack of ‘ambition’.
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Mortgage approvals show first rise for a year
30 October 2008
Official data showed that mortgage approvals rose in September for the first time in more than a year to 33,000, from a record low of 32,000 in August. Net mortgage lending rose by £2.167bn, more than twice analysts’ forecasts but still a fifth of the figures reported last year.
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Signal that Bank can cut rates
30 October 2008
The chancellor last night signalled the Bank of England is free to cut interest rates without fear of breaching its inflation targets, as the US slashed rates by half a percentage point to 1% in an attempt to ward off a deep recession.
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Chelmsford to get new commerical quarter
29 October 2008
Ashwell has received planning consent for a 14.6 acre mixed-use development on the former Marconi factory site in Chelmsford, Essex.
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Repossessions jump by 70% as joblessness rises
29 October 2008
Number of homes taken back by lenders rises amid gloom on employment front
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Capital hit by housing slump
29 October 2008
Homeowners in some of central London’s wealthiest areas are now feeling the full effect of the decline in property prices, data published by the Land Registry yesterday showed.
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Abbey gains huge mortgage market share
29 October 2008
Abbey National, which is owned by Spain’s Santander, continued to take a substantial chunk of new mortgage lending in the third quarter at the expense of weaker rivals that have withdrawn from the home loans market.
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Lloyds TSB under fire over interest-only block
29 October 2008
Lloyds TSB, one of Britain’s biggest mortgage lenders, came under fire yesterday after it emerged that it was stopping borrowers switching from repayment mortgages to interest-only deals. The lower monthly repayments of interest-only mortgages are often a lifeline for hard-pressed borrowers.
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House prices fall again in September
28 October 2008
House prices in England and Wales fell by 8% last month to prices last seen in autumn 2006, according to the latest figures from Land Registry.
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Chesterfield Waterside scheme backed by development agency fund
28 October 2008
The East Midlands Development Agency has said it will help fund the Chesterfield Waterside urban village development through its Waterways Regeneration Fund.
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Black Sea Property Fund delays Bulgarian resi scheme
28 October 2008
The Black Sea Property Fund has delayed the start of its residential development Evergreen in the Mladost region of Sofia because of adverse market conditions in the country.
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1.2m face negative equity says Bank
28 October 2008
More than a million home owners will fall into negative equity as the housing market slump intensifies, the Bank of England says today.
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US new home sales fillip
28 October 2008
US new home sales showed a modest 2.7% rebound in September, helped by falling prices, according to government data. Despite the monthly gain, new home sales were still down 33.1% from a year ago. The median sales price of a new house was $218,400 (£139,661) compared with $221,900 a month earlier.
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Unite says Rugg Review ‘fails to address’ demands of private rented sector
27 October 2008
Mark Allan, CEO of student accommodation provider Unite, today said that the Rugg Review on the private rented sector did not address the demands of the industry.
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P&O Estates Waterloo redevelopment plans called in
27 October 2008
Hazel Blears MP has called in P&O Estates and Morgan Stanley Real Estate plans for a major redevelopment next to Waterloo station.
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David McLean has gone into administration
27 October 2008
The business which includes its trading subsidiaries David McLean Contractors, David McLean Developments and David McLean Homes filed for administration this morning.
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Crunch: House prices 'to fall 25%'
27 October 2008
House prices will continue to fall for another 12 months and will not bounce back to last year's levels until at least 2013, a leading economics group said today.
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Crunch: House prices hit two and a half year low
27 October 2008
In what will come as a further blow to homeowners’ confidence, a survey released today shows that the average house price in the UK has now dropped to levels last seen more than two and a half years ago, with prices down 7.3% on this time last year.
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Landlords could be licensed
24 October 2008
Private residential landlords could face mandatory licensing as part of proposed wideranging reforms to the fastgrowing rental sector that include tougher regulation.
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Fallow grave
24th October 2008
With no finance available, land transactions have dried up and values plummeted.
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Sale-and-rent-back reform wins support
24th October 2008
Regulation of sector moves a step closer
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Something old, something new
24th October 2008
Cash-strapped councils are selling off buildings to fund regeneration and housing.
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Ypres Rose offers to bail out struggling schemes
24th October 2008
Residential developer Ypres Rose Developments has launched a subsidiary business aimed at completing housing projects mired in financial difficulty.
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Mayor talks to London boroughs to renegotiate affordable housing targets
23 October 2008
Mayor of London Boris Johnson today began negotiating with London boroughs to remove the target of the 50% London’s affordable housing target.
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Government-commissioned Rugg Review unveiled
23 October 2008
The much-awaited Communities and Local Government report, written by Dr Julie Rugg and David Rhodes, has been published today.
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Rental demand soars as buyers stay away
23 October 2008
Demand for rented accommodation has risen by 50% over the past year as aspiring home buyers continue to struggle to mount the housing ladder while others wait for the market slump to run its course.
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Mortgage guidelines to make repossession 'last resort'
23 October 2008
Gordon Brown promised that repossessions would be a last resort yesterday as new guidelines for settling mortgage arrears ahead of court action were issued by lenders and the judiciary.
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Countryside selected for £105m Lambeth scheme
22 October 2008
The Guinness Trust has chosen Countryside Properties as its partner for a £105m regeneration scheme in South London.
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Lenders not passing on rate cuts
22 October 2008
More than three quarters of lenders have failed to pass on the Bank of England’s half-point cut in interest rates, despite further falls in interbank lending rates, it was revealed yesterday.
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Housing sales slump
22 October 2008
The number of houses sold in September fell by 53%, compared with last year, to a three-year low as the total amount of mortgage lending by banks and building societies fell to £17.7bn in September, the lowest monthly figure for more than 3.5 years, according to the Council of Mortgage Lenders.
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Luxury Scottish residential developer in administration
21 October 2008
Scottish luxury residential developer Gregor Shore has appointed Deloitte & Touche as administrators.
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Mortgage lending could be negative by New Year
21 October 2008
More money is set to be taken out of the housing market than is being put back in for the first time in more than 20 years, economists warned yesterday.
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LandSecs submits housing plans for Victoria
20 October 2008
Land Securities has submitted a planning application for its Wellington House development on Buckingham Gate in Victoria.
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UK housebuilders say government has damaged consumer confidence
20 October 2008
UK housebuilders said that the government’s new housing measures are not only ineffective but have ruptured consumer confidence, especially in the wake of job losses.
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Government unveils Homes and Communities Agency and Tenant Services boards
20 October 2008
Housing Minister Iain Wright has unveiled its board members for the Tenant Services Authority and Homes and Communities Agency (HCA).
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House prices hit 'fair value'
20 October 2008
House prices are already 'fair value' and are fast approaching 'affordable' levels, according to research commissioned by The Daily Telegraph.
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Ministers struggle to protect homeowners
20 October 2008
Ministers are struggling to secure more protection for homeowners facing repossession, with the judiciary and banks resisting pressure to show leniency that goes beyond existing law.
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Rock borrowers repossession as fixed rates expire
20 October 2008
As many as 35,000 borrowers with the nationalised bank Northern Rock will have to find hundreds of pounds extra each month to meet their mortgage repayments, or face repossession.
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Robert Napier to chair new Homes and Communities Agency board
17 October 2008
Housing minister Iain Wright today announced the board members for the Homes and Communities Agency (HCA).
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More mortgage brokers hit with FSA fines
17 October 2008
Two more mortgage brokers have been fined by the City watchdog as it continues to increase its scrutiny of poor practices in the sector. The two penalties took total fines it has levied this year on the industry to £2.6m.
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All around the houses
17 October 2008
As the ministerial housing merry-go-round spins again, the government’s 2 million new homes target looks even further out of reach.
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Birmingham tops league for falling house prices
17 October 2008
Northern city centre ‘hotspots’ also suffer from plummeting values
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Green light at Wood Wharf
17 October 2008
Wood Wharf Partnership, a joint venture between Canary Wharf Group, British Waterways and Ballymore Group, last week secured consent from Tower Hamlets council for a mixed-use scheme with 1,668 homes in east London.
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Housing bargains abound but where is the finance?
17 October 2008
The number of new bargain-hunting buyers is rising, but obtaining finance will continue to be a struggle.
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Robinwood acquires West Yorkshire Castle
17 October 2008
Robinwood, an activity holiday company, has paid the Losang Dragpa Buddhist charity £2.25m for Dobroyd Castle in Todmorden, West Yorkshire.
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Housing market unlikely to recover until 2010 says CBRE
16 October 2008
CB Richard Ellis’s residential research team said today that the housing market is unlikely to recover before the beginning of 2010.
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Estate agency, Hamptons Internations finds rental market down 5.5%
16 October 2008
Hamptons International has said its rental prices have fallen for the first time this year – down 5.5% from Q2 2008 in London, and 4.2% across the rest of the country.
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University of Kent unveils its ‘Eco Resident’ student accommodation scheme
16 October 2008
University Partnerships Programme (UPP) has completed its sustainable student accommodation scheme at the University of Kent’s Woolf College in Canterbury, Kent.
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Igloo completes its £60m Bermondsey Square development
16 October 2008
Igloo Regeneration has completed its £60m Bermondsey Square regeneration scheme in Southwark, London.
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Nationwide holds back on rate cut
16 October 2008
Nationwide yesterday announced it would not be following other leading mortgage lenders in passing on the full half-point cut in the Bank of England base rate to borrowers on its standard variable rate.
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Seven years until homes regain their 2007 values, says Knight Frank
15 October 2008
The 2009 Knight Frank residential market forecast estimates that homeowners will see the values of their homes bottom out in late 2009/early 2010.
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OFT urges sale and rent back regulation
15 October 2008
Regulation is urgently needed to protect vulnerable consumers who sell their homes to companies and then rent them back from them, the competition watchdog said yesterday.
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Experts warn on empty flat levels
15 October 2008
Gordon Brown’s claim that there was a shortage of housing in the UK was undermined yesterday by a raft of experts who pointed to a flood of empty flats in most city centres.
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Housing slump 'could end if rates drop'
15 October 2008
The housing market slump could be over as soon as next year if the cost of home loans falls by a further half-point, a leading housing market expert told MPs yesterday.
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Credit markets ease as US reluctantly weighs in
15 October 2008
The world banking system showed signs of pulling back from the brink of disaster yesterday with a tangible easing of stress across credit markets as the US government unveiled a historic rescue plan for its banks.
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Rock may take on on B&B loan book
15 October 2008
Northern Rock has explored plans to take on the loan book of Bradford & Bingley, as the first British victim of the credit crunch, which was nationalised in February, looks to consolidate the business of the governmentowned banks.
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Lenders want further bailout clarification
15 October 2008
Mortgage lending is continuing to fall, leading home-loan providers warned, as they demanded further clarification of the small-print in the Government's bank bailout which appears to require a return to levels of advances last seen in 2007.
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House sales at 'one a week' and gap between asking and selling price widens, says RICS
14 October 2008
House sales dropped again last month with surveyors reporting less than one sale a week because of a lack of mortgage finance for buyers, according to the RICS.
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Britannia and Co-op eye super-mutual deal
13 October 2008
Britannia, the country’s second-largest building society, is talking to the Co-op’s financial services arm about creating a 'super-mutual'.
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Housebuilding woes set to continue
13 October 2008
Housebuilders are bracing themselves for another torrid week as industry data look set to add another dose of gloom to the ailing sector.
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Banks fail to pass on rate cuts
13 October 2008
Mortgage customers have felt little benefit so far from Wednesday's cut in the Bank of England base rate.
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Canary Wharf’s Wood Wharf given green light
10 October 2008
Plans for a major waterside development at the London’s Canary Wharf estate was granted outline planning consent by Tower Hamlets council last night.
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Green light for Countryside in Cambridge
10 October 2008
Countryside Properties has got the go-ahead for its 22 acre residential-led scheme at Glebe Farm, south of Cambridge.
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Chicago Spire penthouse sold
10 October 2008
Irish developer Shelbourne Developments has received a boost with the sale of the penthouse in its 150-storey Chicago Spire scheme to toy manufacturing tycoon Ty Warner.
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Countryside wins landmark Hackney appeal
10 October 2008
A planning appeal victory in east London could undermine the widely held presumption by local authorities in favour of affordable housing quotas when they assess mixed-use development.
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Prime for a tumble
10 October 2008
Job and wage cuts in the City are pushing down prime prices even further.
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Regeneration wrecked
10 October 2008
Property Week’s ‘Empty Threat’ campaign began in May 2007, highlighting the damage empty rates would cause to the property industry and the nation. Rates were introduced on 1 April this year.
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Wildheart rises from collapsed City Lofts’ ashes
10 October 2008
City Lofts subsidiary Vivacity’s Simon Halls launches asset management business
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Community Land Trusts to be expanded
9 October 2008
Housing minister Iain Wright has announced new powers to help keep homes affordable for communities in rural areas.
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House prices fall by 12.4% in a year, finds Halifax index
9 October 2008
But there are signs of stability, as September’s prices fell by 1.3%; the smallest drop in seven months.
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Grainger covenants 'safe'
9 October 2008
Grainger, the UK’s largest residential landlord, said a boost in sales and reduced level of acquisitions meant it would stay within the terms of its banking agreements.
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C&G pulls top mortgage deals
9 October 2008
One of Britain’s biggest lenders withdrew some of its most popular mortgage deals last night after the Bank of England cut its base rate.
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Pension savings benefit from house falls
8 October 2008
Falling house prices have seen a decline in people’s faith in property as an important way of saving for retirement, according to a survey by the National Association of Pension Funds.
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Construction crunch puts government’s 2m homes target in doubt
6 October 2008
The downturn in the construction industry is putting the government’s target of building 2m homes by 2016 more and more out of reach, the RICS said today.
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Unite UK raises £58m for student accommodation fund
6 October 2008
Student accommodation provider Unite has had the third closing of its UK Student Accommodation Fund raising £58m of equity from institutional investors.
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House price falls worst since 1991
3 October 2008
House prices have recorded their sharpest one-year drop since 1991, according to the latest data from the Nationwide house price index, with a further 1.7% decline in September.
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New home building plunges to 50-year low
3 October 2008
New private house-building is at a 50-year low, according to an analysis of the latest official data by The Independent, adding to the evidence that the UK is in recession.
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Building societies demand savings action
3 October 2008
Building societies have demanded urgent action by the Government to restore a 'level playing field' in the savings market after Ireland guaranteed the deposits of six national lenders.
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Nationwide hikes rates
3 October 2008
Nationwide, Britain’s biggest building society, has raised its mortgage rates by 0.2 percentage points on fixed-rate and tracker deals, adding £300 a year to the cost of mortgage repayments on a £150,000 loan. Abbey is also expected to raise its rates soon.
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M&G backs HBOS takeover
3 October 2008
Lloyds TSB’s takeover of HBOS received another boost yesterday when M&G, one of the largest shareholders of both banks, announced it would vote in favour of the deal on its current terms.
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Crash investigator
3 October 2008
Causes of the crash and hopes for recovery dominated debate among the 850 delegates at Property Week and the British Property Federation’s Resi 08. Doug Morrison reports. Photographs by Oliver Knight
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He’s coming to get you
3 October 2008
As legislation giving consumers redress against cowboy agents comes into force, Doug Morrison asks whether a chance has been missed to address the cause, rather than symptoms, of the problem. Illustration by Shonagh Rae
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Savills: no housing recovery until 2011
3 October 2008
Growing threat of recession could prolong misery, agent warns
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Sheffield scheme scores with student uprising
3 October 2008
Yorkshire developer AQH Micklegate claimed to be defying the national trend of falling sales on the opening of its Aspect 3 student flat and Q4 residential schemes in the St Vincent’s Quarter of Sheffield.
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Social housing still has place in Milton Keynes
3 October 2008
Places for People, the social housing provider, is pressing ahead with a 300-home development at Wolverton near Milton Keynes, despite onerous financial conditions for buyers revealed in its own market research.
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Students make the grade
3 October 2008
Privately run student accommodation is a growing alternative to buy to let, says Mark Farmer
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Standard Life backs HBOS rescue
2 October 2008
Standard Life, one of the large institutional investors in Lloyds TSB, appeared to have thrown its support behind the rescue takeover of HBOS after concerns that the terms of the deal may have to be renegotiated.
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Oakdene to re-negotiate covenants
2 October 2008
Oakdene Homes said it expected to renegotiate its banking covenants within a fortnight, after revealing this week that it was relying on a temporary facility.
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US: MBIA sues Countrywide
2 October 2008
MBIA Insurance is suing Countrywide Financial alleging that the mortgage lender fraudulently induced MBIA to guarantee billions of dollars of Countrywide mortgage bonds that have already cost the embattled bond insurer $459m.
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Barratt slashes flats prices by 43%
1 October 2008
Barratt Developments is slashing up to 43% off the price of unsold flats, further highlighting the parlous state of the UK’s housing market.
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Record decline in US home prices
1 October 2008
US housing prices posted a record annual decline of 16.3% in July, disappointing economists and delivering the latest setback to the search for signs of recovery.
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B&B rescue prompts mass mortgage product withdrawals
1 October 2008
The number of mortgage products available in Britain fell by more than 11% between Monday and Tuesday, as the intensifying financial crisis prompted dozens of lenders to withdraw their most competitive rates, giving brokers and customers just a few hours' notice.
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Residential development land value falls by a third
30 September 2008
Urban development land outside London has fallen by 33% over the past year and by 15% in the past quarter, according to Knight Frank’s new residential development land index.
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Welsh Assembly grant safeguards property jobs
30 September 2008
The Welsh Assembly has stepped in to ‘safeguard the jobs’ of a Welsh residential developer with a grant to allow the company to move into the commercial development.
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Mortgage market seizes up
30 September 2008
Mortgage lending slowed to a near standstill in August as approvals for new home loans hit a record low, according to the Bank of England.
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Mortgage report delayed after crisis
30 September 2008
A crucial report that could kick-start Britain’s moribund mortgage market has been delayed by a fortnight so it can be updated to take September’s market turbulence into account.
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£200m rate relief goes begging
30 September 2008
More than £200m in small business rates relief looks set to be lost due to confusion over the rules.
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Landlords must pay for green certificates
30 September 2008
All landlords letting business premises from tomorrow will have to pay for the cost of showing they are marketing 'green' buildings.
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Ashford reveals plans to property world
29 September 2008
The town of Ashford, Kent hosted a developers briefing last week to unveil its proposals for its £2.5bn development strategy.
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Shelter backs BPF rental agenda as Tories announce two housing reviews
29 September 2008
Private rented housing expansion may be the way out of the current housing crisis Shelter said at the Conservative Party conference this morning.
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Tories say they will back community infrastructure levy
29 September 2008
A Conservative government remains committed to a form of development land tax along the lines of Labour’s community infrastructure and levy, said Shadow Housing Minister Grant Shapps today.
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Councils must be pro-development says Shadow housing minister Grant Shapps
29 September 2008
Shadow housing minister Grant Shapps said today that development has to stop being a 'dirty word' if Britain’s housing crisis is to be solved.
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Glenda Jackson MP visits newly refurbished social housing, once home to the Sex Pistols
29 September 2008
Glenda Jackson MP attended the completion of a major refurbishment of two historic social housing buildings in her London constituency.
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Arsenal to include sports centre as part of Queensland Road plans
29 September 2008
Arsenal has agreed to develop a sports centre as part of its revised plans for the Queensland Road development following a public consultation and discussions with Islington Council.
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Green light for £175m Huddersfield scheme
29 September 2008
Strategic Sites has won planning for a £175m scheme in Huddersfield, West Yorkshire.
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Housebuilders' woes lead to big fall in land prices
29 September 2008
Residential development land has dropped by a third in value over the past year, and by up to 15% in the past quarter, as problems among housebuilders have accelerated the devaluation of increasingly fallow land banks.
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Sellers accepting drastic cuts
29 September 2008
House sellers are accepting large cuts in the asking price of their properties in order to push through sales as economic conditions continue to worsen, according to the RICS.
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Scottish housing can 'ride crisis'
29 September 2008
The Scottish housing market is still in a much better position than the rest of the UK to ride out the current financial crisis.
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JP Morgan Asset Management has teamed up with Exemplar to buy Richmond Riverside for around £42m.
26 September 2008
It is thought the price paid reflects a 7.25% yield.
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The government has published a report today to help councils tackle ‘studentification’ of towns
26 September 2008
Housing and Planning Minister Caroline Flint said the report would help councils manage high concentrations of houses in multiple occupation.
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Mortgages rates to increase again
26 September 2008
Mortgage rates, which had started to ease in recent weeks, are rising again, as lenders react to the sharp jump in funding costs triggered by the banking crisis.
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Berkeley boss blames too- complex market for crash
26 September 2008
Tony Pidgley calls for return to ‘sensible, old-fashioned business models’
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Bootle: up to 1 million job cuts
26 September 2008
Top economist Roger Bootle told Resi 08 that the global economic situation was ‘grim’ and there was still worse to come, but that it would start to improve towards the end of next year.
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Kerslake: new funding models
26 September 2008
Sir Bob Kerslake is calling for new sources of capital to be poured into the residential market to help sort out Britain’s housing crisis.
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Native lands funding for Albert Embankment
12 September 2008
Bank of Scotland commits £56m for mixed-use scheme on south bank of the Thames
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Nice prepares for flotation
26 September 2008
Nice Group has launched a novel solution to London’s housing shortage: accommodation on the Thames.
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Turmoil heads north
26 September 2008
Slowing home sales are hitting land values in Greater Manchester.
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Housebuilders cleared of landbanking or restricting supply
25 September 2008
The housebuilding sector got a welcome boost today amidst the economic gloom as the Office of Fair Trading ruled that it was ‘broadly competitive.’
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Feds widen mortgage collapse inquiry
25 September 2008
Federal investigators have expanded their broad investigation into the collapse of the subprime mortgage market to include Fannie Mae, Freddie Mac, Lehman Brothers and AIG – four companies at the heart of the current market turmoil.
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Housebuilders code mooted
25 September 2008
Housebuilders are to set up a code of conduct and a redress scheme for dissatisfied customers after an industry inquiry by the Office of Fair Trading, the competition watchdog.
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US existing house prices fall
25 September 2008
The prices of US existing homes suffered a record annual drop in August and the rate of sales tumbled, according to figures from the US National Association of Realtors. The pace of existing home sales decreased by 2.2% to an annual equivalent rate pace of 4.91 million units, while the average national house price fell by 9.5% from a year earlier to $203,100.
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CML gives up house price forecast
24 September 2008
The Council of Mortgage Lenders, whose house price forecasts have been among the UK’s most optimistic, yesterday threw in the towel, saying conditions were too difficult to make predictions, and that no improvement was likely until 2010.
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Housebuilders face tax on new home rentals
24 September 2008
Housebuilders face extra tax bills if they rent out new homes they have been unable to sell, according to official advice that will add to pressures on the sector.
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Mortgage approvals hit record low
24 September 2008
Mortgage approvals for house purchase fell to a record low during August, down by 64% on a year ago, the British Bankers’ Association said, with mortgage approvals totalling 21,086, down from 22,239 in July. The BBA represents about two thirds of mortgage lenders in the country.
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Spanish housing starts down a third
24 September 2008
The number of houses sold in Spain fell by 31.5% in the second quarter, compared with last year. Facilisimo, the Spanish housing website, reported that new house prices were down by 7.5% since their peak in July 2007.
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US house prices dip
24 September 2008
US house prices fell by 0.6% in July, the fastest drop for three months, taking home values to their lowest level since about the end of 2005, the US Office of Federal Housing Enterprise Oversight reported. The figures showed that in the 12 months to the end of July, seasonally adjusted house prices dropped by 5.3%.
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Boris hits back at Blears 'ghetto communities' jibe
23 September 2008
The Mayor of London Boris Johnson has hit back at Hazel Blears MP's comments on his affordable housing targets.
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Blears says Boris Johnson is encouraging 'ghetto communities '
23 September 2008
Hazel Blears MP said last night at a Labour Party Conference fringe event that affordable housing in London under Mayor Boris Johnson could be under threat and lead to the creation of ghetto cities.
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Stamp duty drives sales down to five a month
23 September 2008
The number of homes being sold fell further last month owing to the government’s indecision over its position on stamp duty, according to the body that represents estate agents in the UK.
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'Massive shortfall of housing' says Town and Country Planning Association
23 September 2008
The Town and Country Planning Association said today that an increasing need for new homes and developers inability to meet demand, combined with the credit crisis was massively extending the shortfall of housing.
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Rate cut hint
23 September 2008
The Bank of England deputy governor in charge of financial stability signalled yesterday that he might be prepared to support a cut in UK interest rates later this autumn.
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Flint admits it will be tough to reach the 3 million new homes target
23 September 2008
Caroline Flint said today the government would encourage the development of the private rented sector among a range of measures to kickstart the ailing housing market and admitted the government's target of 3 million new homes may not be reached.
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Ask and Bluemantle’s prayers answered at Bolton’s Church Wharf
22 September 2008
A joint venture between North West based developers Ask and Bluemantle has been granted planning permission for a £210m mixed-use scheme in Bolton town centre.
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Three million homes 'not enough'
22 September 2008
The target to build three million new homes by 2020 is not high enough to meet the growth in the number of elderly people and young families, a report says.
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Wealthy not safe as £11m home repossessed
22 September 2008
Fear of repossession is not confined to the lower-paid as £11.6m mansion in London is forcibly put on market.
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House prices: asking prices drop 1%
22 September 2008
Asking prices for UK homes fell by 1% in September from August, according to Rightmove, with London the only part of the country to register a rise for the month.
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House prices: dive outstrips the 1990s
22 September 2008
The crash in house prices is now the worst ever in Britain. HBOS will publish figures next month showing that the decline from last year's peak now exceeds the fall during the 1990s.
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Grainger wants to double approved gearing level
19 September 2008
Grainger is aiming to amend its borrowing powers following an increase in its level of debt and a fall in the value of its properties.
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Luxury residential market slowing says Nick Candy
19 September 2008
The residential market is going to be tough for the next two years and even extremely wealthy buyers are considering home purchase more carefully, said Nick Candy.
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Housing market creating economic vicious circle
19 September 2008
The deterioration in the UK housing market and the problems this has caused the banks is starting to create a vicious circle in the wider economy, according to Spencer Dale, chief economist at the Bank of England.
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Mortgage lending slide continues
19 September 2008
Only £21.8bn was lent to home buyers and re-mortgagers during August, 12% less than during July and a 36% drop compared with the 12 months previously, figures from the Council of Mortgage Lenders showed.
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Kier to exit private housing market
19 September 2008
Kier Group is set to walk away from the traditional housebuilding model to focus on social housing and its construction business, marking the first major group to exit from private home development.
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Housing stalls in Midlands
19 September 2008
Housing development in the Midlands has reached a standstill, says Knight Frank, warning that there will be ‘severe implications’ for the long-term economic and social health of the region.
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RBS out of pocket as second Roseberry subsidiary fails
19 September 2008
Derbyshire residential development goes into administration
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Resi 08: return to growth in 2010
19 September 2008
The housing market will recover in 2010, Atisreal and leading economist Patrick Minford claimed this week at Property Week’s Resi 08 event.
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Return tickets
19 September 2008
Network Rail and Kier hope to squeeze £500m out of seven stations in the south-east.
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Stephen Shelley of Barclays talks about the banking and property troubles (video)
18 September 2008
Stephen Shelley, head of commercial banking credit at Barclays, talks about the banking and property troubles.
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Nick Candy speaking at RESI 08 (video)
18 September 2008
Nick Candy, of Candy and Candy, speaking about the housing market at RESI 08 at the Celtic Manor.
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Roger Southam at RESI 08 (video)
18 September 2008
Roger Southam, chairman and chief executive of residential property manager Chainbow, talks about the future of the residential market.
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Sir Bob Kerslake at RESI 08 (video)
18 September 2008
Sir Bob Kerslake, chief executive designate of the Homes and Communities Agency, speaks about the housing market at RESI 08.
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Former England Rugby star Jason Leonard at RESI 08 (video)
18 September 2008
Former England Rugby star and director of the Wyse Group, Jason Leonard speaking at RESI 08.
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UK 'in recession and things will be grim' says economist Bootle
18 September 2008
The UK is in recession and things are going to be grim - that's the depressing message from the Managing Director of Capital Economics, Roger Bootle.
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Kier posts strong profits despite resi downturn
18 September 2008
Kier Group said that its construction and support services businesses had helped it towards a leap in pre-tax profits of 12.1% to £89.2m in its annual results, despite the effects of the credit crunch on its development and residential arms.
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UK can weather housing crisis, say HCA chief Sir Bob Kerslake and Berkeley head Pidgley
18 September 2008
The incoming head of the government's 'super agency' Sir Bob Kerslake today told deglages at Property Week's RESI 08 conference that ambitious housing targets can be met.
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Economy deteriorating but could be worse says Roger Bootle
18 September 2008
One of the City's best known economists Roger Bootle said the world economic situation is deteriorating and there is still worse to come but the situation will start to improve by the middle of next year.
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Savills fined over property ‘misdescription'
18 September 2008
Savills has been fined more than £7,500 for letting a buyer believe the apartment he was purchasing was on the ground floor rather than the basement.
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Resi 08 underway in front of packed house
18 September 2008
Some of the biggest names in property are among the 800 delegates gathered at the Celtic Manor resort in Newport to discuss the residential property sector.
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Country house prices take record fall
17 September 2008
The country house sector fell by 4% during the third quarter of 2008 - the most severe quarterly price fall in 13 years
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Berkeley to meet targets despite housing gloom
16 September 2008
Berkeley Group said today it was in line to meet performance expectations in spite of the continuing downturn in the housing market and a dip in sales levels.
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DevSecs extends loan to Oriental City buyer
16 September 2008
Development Securities has extended a loan note to the purchaser of Oriental City in Colindale, north London for a third time.
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Yorkshire Forward plans £48m Leeds scheme
15 September 2008
Yorkshire Forward has submitted plans for a £48m mixed-use scheme on the banks of the river Aire.
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Residential developer goes into administration
12 September 2008
Asquith Properties, a West-Yorkshire based residential developer, has gone into administration.
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King restates opposition to mortgage guarantees
12 September 2008
Mervyn King yesterday stepped up his campaign against taxpayer guarantees for mortgage funding, saying they would impede necessary restructuring in banks, prove expensive and were likely to be long-lasting.
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Galliford Try slashes prices
12 September 2008
Galliford Try, the hybrid housebuilder and construction group, maintained annual profits in spite of having to cut 20% off new house prices in an attempt to preserve volumes.
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Online estate agents hit hard by crunch
12 September 2008
Home owners are choosing to improve their homes rather than move as figures show online visits to DIY and furniture stores overtaking those to estate agents.
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‘Rent to own’ launch in East Anglia
12 September 2008
An East Anglian developer has launched what it claims is a pioneering – and more attractive – alternative to shared-equity schemes for first-time buyers.
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A twisted logic
12 September 2008
The property industry believes Treasury ‘tinkering’ is unlikely to help a market that is on the skids, as the RICS shows.
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City Lofts’ creditors set to face £130m loss
12 September 2008
Asset sales unlikely to raise enough to pay creditors, including Conran & Partners
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Developers to foot bill as Croydon arena dream dies
12 September 2008
Borough council has no obligation to help partners with £7m-plus costs
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Grainger Geninvest invests £1m for Walworth refurbishment
12 September 2008
Grainger Geninvest, a joint venture between Grainger and Genesis Housing Group, has invested £1m at its Walworth Estate in Elephant and Castle, south London, to refurbish flats and transform derelict space into a community garden.
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House prices are still far too expensive
12 September 2008
The investor’s chronicle, with Lord Oakeshott
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Housebuilders receive little help
12 September 2008
CB Richard Ellis has been appointed to partner the South East of England Development Agency (SEEDA) in producing a monthly report on the new-build housing market for the government.
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Improved Mortgage liquidity is key
12 September 2008
Our latest monthly survey was conducted before the government introduced measures to support the housing market last week.
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Job fears as Dreweatt Neate rationalises
12 September 2008
Dreweatt Neate is rationalising, which could result in office closures and job losses before its planned merger with Carter Jonas later this month.
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Britain's new homes are 'smallest in Europe'
11 September 2008
Britain's new homes are the most cramped in Europe with almost every other country in western Europe providing its citizens with more spcace to live in.
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Government relaxes planning permission on home extensions
11 September 2008
Housing and planning minister Caroline Flint has cut red tape so that the majority of homeowners will be able to extend their homes without the need for costly planning permission.
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Spain unveils €3bn homes rescue
11 September 2008
Spain unveiled a €3bn rescue package yesterday for a domestic property sector struggling with high debt, plunging prices and an overhang of unsold houses and flats.
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Riot puts spotlight China's property fears
11 September 2008
The showroom at A Glamorous City in Hangshou, China is closed after a group of customers vandalised it at the weekend. The offices of Vanke – China's largest property develper – office in central Hangzhou, sported two armed security guards in faux-army fatigues block the front entrance after another group of customers trashed the premises on Sunday, destroying furniture and overturning desks.
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Extension planning rules eased
11 September 2008
Householders will be able to convert their lofts and build rear extensions to their homes without having to seek planning permission.
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Velocity rises to Sheffield’s tallest tower
10 September 2008
Velocity Estates has been given the green light to add an extra nine storeys to the top of its Velocity Tower, making it the tallest building in Sheffield.
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Barratt cuts dividend as homebuyers remain gloomy
10 September 2008
Housebuilder Barratt Developments today said it would not pay a full-year dividend after revealing a 13% drop in pretax profit to £392.3m.
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Taylor Wimpey sells Taylor Woodrow for £74m
10 September 2008
Taylor Wimpey has sold the UK business of Taylor Woodrow Construction to Vinci for £74m, to focus on its core housebuilding activities.
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UK auction prices slump 23%
10 September 2008
The average price of a house sold at auction plunged by nearly a quarter in the year to August, dealing a further blow to Britain's battered property market, according to data unveiled today.
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Barratt increases incentives for homebuyers
10 September 2008
Housebuilder Barratt Developments has announced a slew of buyer incentives, including paying stamp duty for homes worth up to £500,000, in a desperate bid to kick start its dwindling number of property sales.
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First time buyers lowest since 2002
10 September 2008
The number of first-time buyers getting on to the property ladder sank to a new low during July when 17,300 people took out a mortgage on their first home, 48% fewer than in July last year and the lowest level since comparable records began in 2002.
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Hammersmith and Fulham Council wins affordable housing victory
9 September 2008
Hammersmith and Fulham Council says it has ‘won a battle’ over affordable housing targets in the borough after the government backed down.
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RICS: House sales at lowest recorded level
9 September 2008
The average number of completed house sales per surveyor fell further in August as a lack of mortgage finance continued to stifle the ability of buyers to access the market said the RICS.
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House sales hit new low
9 September 2008
Housing sales have fallen to a new low, say surveyors, with expectations the reform package unveiled by ministers last week will do little to alleviate the crisis.
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Fears of Rock rerun spurred Nationwide to rescue small societies
9 September 2008
Fears that losses at the Derbyshire and Cheshire building societies would spark a Northern Rock-style customer upheaval drove the rushed takeover of the mutual lenders by Nationwide, sources close to the deal said yesterday.
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Derbyshire 'wrongfooted' by bad debts
9 September 2008
Derbyshire Building Society, the mutual rescued yesterday by Nationwide, was wrong-footed by bad bets in the money markets, hamstrung by a botched IT system and facing the consequences of a poorly timed £1.4bn foray into sub-prime lending.
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Madonna and the super-rich hit by falling house prices
8 September 2008
Prices for prime central London residential property dropped by 1.3% in August, the fourth consecutive month of price falls - meaning prime central London property suffered negative annnual growth for first time since 2003
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One in five mortgages 'head for negative equity'
8 September 2008
Britain's banks may have to write off £38bn of mortgage debt as plunging house prices send almost a fifth of the home loans on their books into negative equity, according to leading City analysts.
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Stamp duty waiver entice buy-to-let landlords back
8 September 2008
Sharp property price falls and an unexpected stamp duty holiday could entice professional buy-to-let landlords back into the lower end of the housing market over the next few months.
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House builders 'in denial' over new house prices
8 September 2008
House builders are still increasing prices despite complaining of falling sales and seeking government aid.
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Builders to write off £300m on as prices fall
8 September 2008
House builders Barratt and Redrow are expected to report that plunging land prices and a market in freefall have wiped more than £300m from their portfolios.
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Sharp jump in arrears
5 September 2008
Arrears and repossessions among prime mortgage borrowers jumped sharply in the second quarter, according to a report by Moody’s which suggests that home loans are deteriorating even among borrowers with good credit records.
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Bank holds rates as housing slide continues
5 September 2008
The Bank of England held interest rates at 5% yesterday amid further signs of weakness in the housing and car markets.
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House prices continue to dive
5 September 2008
House prices are falling at the fastest rate since the Great Depression, with the number of home owners in negative equity trebling in the past month alone.
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Islington site for Unite
5 September 2008
Student accommodation provider Unite Group has exchanged contracts to buy James Leicester Hall in Islington from London Metropolitan University.
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Regeneration gains
5 September 2008
Residential property in regeneration areas consistently outperforms, says Yolande Barnes
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Taylor Wimpey jettisons land portfolio as market worsens
5 September 2008
13 sites for sale in housebuilder’s attempt to shore up finances
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Urbo Regeneration receives planning consent
5 September 2008
Urbo Regeneration, a joint venture between Bolsterstone, Arnold Laver Group and AGD Regeneration, has received planning consent for the first phase of a £300m urban village at the edge of Chesterfield town centre in Derbyshire.
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Working the land
5 September 2008
A government-commissioned review, Living Working Countryside, shows that rural communities are in as much need of regeneration as our towns. The Lib Dems’ Matthew Taylor explains
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Southern Cross looks to sell 20 care homes to reduce debt
4 September 2008
Southern Cross, the care home operator, has appointed Knight Frank to sell 20 care homes to reduce its debt.
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House prices fall further 1.8% in August, says Halifax
4 September 2008
House prices fell by an average of 1.8% last month according to the UK's biggest mortgage lender the Halifax.
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New builds down by 69%
4 September 2008
The full scale of the slump in the housebuilding sector has been revealed by figures which show that the number of new properties being built has fallen by more than two-thirds.
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Mortgage costs fall
4 September 2008
The average interest rate on a two-year fixed-rate mortgage has dropped from a peak of 7.08% at the beginning of July to 6.39%, its lowest level since July 2007, according to Moneyfacts.co.uk, the financial website.
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Doubts over cost of stamp duty move
4 September 2008
The prime minister has vastly exaggerated the amount of money needed to pay for the surprise cut in stamp duty for homebuyers, experts said yesterday.
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Lloyds TSB cut gives hope to buyers
4 September 2008
Homeowners were offered further glimmers of hope that pressures in the mortgage market are easing as Lloyds TSB cut its mortgage rates for the fifth time in a month yesterday and Skipton Building Society re-entered the first-time buyer market.
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St George faces Ealing footpath dragon
3 September 2008
St George’s plans for a 700 homes development in Ealing could be scuppered after the London council announced an inquiry into whether footpaths crossing the site should be closed to the public.
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BPF questions effectiveness of £1bn housing rescue package
3 September 2008
The British Property Federation has questioned the effectiveness of the Government’s £1bn housing measures unveiled yesterday as it said measures are only focused on home ownership.
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Measures unlikely to lure more buyers
3 September 2008
Gordon Brown’s efforts to kick-start the housing market are unlikely to have much effect, economists agreed.
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Scepticism over homes package
3 September 2008
Gordon Brown yesterday began his battle to reassert his political authority with a package of measures to boost the housing market, but his initiative was immediately mired in confusion about its aim and how it would be funded.
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House builders rally on Stamp Duty move
3 September 2008
Shares in housebuilders rallied strongly yesterday after the Government lifted the stamp duty threshold from £125,000 to £175,000 and unveiled plans to help stimulate the housing market.
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Homeowners delaying divorce due to price falls
3 September 2008
Homeowners may despair as turmoil in the property market wipes tens of thousands off the value of their home — but new research suggests the weak economic climate is all that is keeping many couples together.
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Warning to maintain IHT planning
3 September 2008
Homeowners were warned not to neglect inheritance tax planning in the wake of reports that the Tories would raise the tax threshold to £2m.
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Boris advisor leaves City Hall to take charge of London’s housing
2 September 2008
David Lunts, the Greater London Authority’s executive director of policy and partnerships, has been appointed the London director of the new Homes and Communities Agency (HCA).
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Ealing Council sued for not revealing Crossrail plans
2 September 2008
Ealing Council is being sued for more than £2.5m after it failed to tell a property developer that a site it was buying was safeguarded for Crossrail
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Government unveils £1bn rescue package for ailing housing market
2 September 2008
Gordon Brown has axed stamp duty on house purchases below £175,000 for one year as part of a raft of measures unveiled today to help kickstart the housing market
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RICS to tighten standards for new build valuations to reduce fraud
2 September 2008
Mandatory changes to the ‘Red Book’ to help valuers capture discounts and incentives when valuing newly-built homes were revealed today by the RICS.
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Developers told to disclose incentives
2 September 2008
Property developers offering cash and other perks in an attempt to attract homebuyers will have to give mortgage lenders full details of their 'give-away' deals as part of an antifraud initiative launched yesterday.
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Mortgage approvals drop 71% on year
2 September 2008
Pressure on the government to shore up the sagging mortgage market rose yesterday after the Bank of England revealed lending for new home purchases in July was the lowest since records began in 1993.
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Housing measures hit be lack of funds
2 September 2008
Critics of ministers’ housing policy are likely to seize on a lack of significant funding from Whitehall when measures to help the market are unveiled today.
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Grantside’s chocolate plans squashed
1 September 2008
York City Council has refused to grant planning consent to privately-owned developer Grantside’s £185m plans for the redevelopment of the former Terry’s Chocolate factory.
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Ministers block plans for 5,000 homes in Cambridgeshire
1 September 2008
Plans for a 5,100 home scheme in Cambridgeshire have been thrown out by the Department of Communities and Local Government
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Elliot Lipton's First Base gets consent for Greenwich District Hospital scheme
1 September 2008
Joint venture team First Base and English Partnerships have received planning permission for a major redevelopment of the former Greenwich District Hospital
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Government must act as housing market on its knees, says RICS
1 September 2008
The Government must act ‘swiftly and decisively’ to help the house buying and selling process as the housing market is ‘on its knees’, says the RICS.
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Housebuilding set to fall to half government targets
1 September 2008
Housebuilding is set to fall to almost half the government’s target as development activity continues to slow in the face of the housing market crisis.
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B&B collecting rents directly to control arrears
1 September 2008
Bradford & Bingley is collecting rents directly from tenants of properties on which it has lent buy-to-let mortgages as a way of keeping its arrears and possessions under control.
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Mortgage hopes knocked by Darling
1 September 2008
The Treasury has snubbed calls from Britain’s lenders for direct government intervention to kick-start the mortgage market.
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Local authorities could buy distressed homes
29 August 2008
Gordon Brown is set to usher in a new era of council housing by helping local authorities to buy repossessed and unsold properties. Cash and powers will be made available so that town halls can intervene in the housing market.
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Price of homes falls for tenth month running
29 August 2008
House prices fell for the 10th consecutive month in August to register one of the biggest year-on-year drops in 18 years, a survey showed yesterday.
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A Tender situation
Residential Regeneration Supplement August 08
Efforts are under way to solve an impasse over procurement.
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Ballymore goes back to school with London Docklands plan
29 August 2008
Irish developer to develop private school to attract families to Leamouth North area
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City Lofts assets on market
29 August 2008
Allsop has been instructed to seek offers of more than £29.5m for the remaining property assets of City Lofts, the residential developer that collapsed into administration last month.
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Estate of emergency
Residential Regeneration Supplement August 08
Around 20% of estate agents are expected to lose their jobs this year as the sector experiences a drastic contraction.
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Family values
Residential Regeneration Supplement August 08
Mark Shepherd meets Nick Ebbs, 53, chief executive of developer Blueprint, and his children, Toby, 27, a press officer with Sheppard Robson, and Imogen, 25, a graduate with DTZ
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Homeowners will struggle to maintain homes
29 August 2008
Homeowners may not be able to afford to make the repairs necessary to their homes under tightened credit conditions, according to research by Connells Survey & Valuation, as further fall out from the residential downturn continues.
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Housing woes hit Wales
29 August 2008
Housebuilders have mothballed schemes and land sales have dried up, writes Philip Bear
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In at the deep end
Residential Regeneration Supplement August 08
Sir Bob Kerslake is the man charged with the unenviable task of solving the country’s housing crisis. Mark Shepherd asks how he plans to do it.
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Residential and Regeneration August 2008 Introduction
Residential Regeneration Supplement August 08
A year ago we tipped Sir Bob Kerslake to be the head of the Homes and Communities Agency and wondered whether he would be able to solve the planning problems standing in the way of hitting the government’s housing targets.
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Residential Regeneration Supplement August 08
Residential Regeneration Supplement August 08
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Stoking up expectations
29 August 2008
A development partner is set to emerge for Stoke’s much-delayed regeneration
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The great Indian takeaway
29 August 2008
Berkeley Group is among the beleaguered housebuilders looking overseas for salvation.
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The lost regeneration
Residential Regeneration Supplement August 08
Town centre regeneration schemes are being put on hold or cut back as the credit crunch bites.
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Unlimited partnership
Residential Regeneration Supplement August 08
Backing from Sir Tom Hunter is allowing Inpartnership to take its unique regeneration model to a new level.
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Unstoppable vehicle
Residential Regeneration Supplement August 08
Councils are warming to the idea of forming public-private asset-backed vehicles to kick-start regeneration.
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A&L cuts hints at competition return
28 August 2008
Alliance & Leicester has cut the rates on some of its most popular home loans – signalling that competition may be creeping back into the mortgage market.
-
Lenders put pressure on Foxtons
28 August 2008
Lenders to Foxtons have seized control of the restructuring of the beleaguered upmarket estate agency chain by bringing in their own debt advisers.
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Taylor Wimpey falls but reassures on debt
28 August 2008
Taylor Wimpey has not yet reached a deal to restructure its debt but expects an agreement by the end of the year, the housebuilder said as it reported a collapse in interim profits.
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Lib Dems reject homeowner safety net
28 August 2008
Setting up a new safety net for homeowners who lose their jobs would be 'phenomenally expensive' and impractical, Vince Cable, Liberal Democrat Treasury spokesman, said yesterday as he predicted a worsening in the housing market.
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Forth Ports planning win brings a new Leith of life to Scottish docklands
27 August 2008
Forth Ports' plans for Edinburgh’s Leith Docks, the largest planning application ever submitted in the Scottish capital, were given outline approval by the city council today.
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Grosvenor signs residential leasing deal at Liverpool One
27 August 2008
Grosvenor, the Duke of Westminster’s property company, has signed an agreement with two residential specialists to lease more than 170 apartments at its Liverpool One development.
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Gloom at Taylor Wimpey despite debt boost
27 August 2008
Taylor Wimpey said this week that it was confident of agreeing a deal with its lenders that will see interest cover covenants relaxed before the end of the year.
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Countrywide expands with Northern take-over
27 August 2008
Countrywide Residential Lettings (CRL) has acquired Specialist Lettings Management (SLM), a letting agencies in the north of England.
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Bovis urges Government to help solve mortgage misery
27 August 2008
Bovis has called on the Government to step up its attempts to support the housing market in a bid to ease the misery being felt in the sector.
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Mortgage approvals highlight household strains
27 August 2008
Mortgage approvals remained close to record lows last month, figures from high street banks showed yesterday, while weaker deposit growth and lower credit card spending pointed to mounting financial strains on households.
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Buy-to-let weakens
27 August 2008
Buy-to-let lending weakened during the second quarter, the Council of Mortgage Lenders reported. The total number of buy-to-let loans agreed fell to 69,800, down by 21% from the same period last year. The number of buy-to-let loans agreed for property purchases, rather than remortgages, fell by 33% to 31,650.
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US house prices drops ease
27 August 2008
US home prices posted a record annual decline of 15.9% in June, but the pace of monthly falls slowed significantly, offering hope that the ailing US housing market is edging towards a rebound.
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Overdue mortgages rising
26 August 2008
Strains among borrowers with patchy credit are rising, with more falling behind on their mortgages and fewer able to refinance their higher interest rate loans, according to a report by Standard & Poor’s, the credit rating agency.
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Savills to report 45% drop as Foxtons talks to banks
26 August 2008
The growing malaise in the UK housing market is expected to be underlined this week when Savills confirms that transactional volumes are down about 45% on this time last year.
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UK Coal submits plans for South Yorkshire's largest ever development
22 August 2008
UK Coal has submitted plans for South Yorkshire’s largest ever brownfield development.
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Persimmon calls bottom of mark
22 August 2008
Shares in UK house builders rose yesterday after Persimmon said it thought conditions in the sector were beginning to stabilise.
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Housing starts stuck around eight-year low
22 August 2008
The number of houses built in England remained near an eight-year low in the last quarter, although activity rose slightly as the government stepped up support for social housing.
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Coventry mortgage surge shows flight to low risk
22 August 2008
Coventry Building Society has seen a surge in mortgage lending as people turn back to 'low-risk' mutuals. The deepening credit crisis has enhanced the safe haven status of the building society, boosting net mortgage lending 24% to £851m in the first half — three times its normal market share.
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Heritage at a premium
22 August 2008
House prices higher in areas with greater concentrations of listed buildings
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Law Commission reforms hit ailing buy-to-let market
22 August 2008
Proposed regulations could push up costs for investors
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Mira Bar-Hillel’s housing ideas may become policy despite losing out on working for Boris
22 August 2008
London mayor Boris Johnson may have favoured Sir Simon Milton over Mira Bar-Hillel for the housing job, but her ideas may still become policy
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Pretty plan for first-time buyers
22 August 2008
David Pretty, chairman of the New Homes Marketing Board, this week stepped up pressure on the government to establish a national home deposit savings scheme with tax-free bonuses to help struggling first-time buyers on the housing ladder.
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Targetfollow's £122m Norwich scheme gets consent
21 August 2008
Aredeshir Naghshineh’s Targetfollow has received planning permission for its £122m Hartford Place development to the south of Norwich City Centre.
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Persimmon reveals first half profit fall
21 August 2008
House builder Persimmon has called on the government to introduce measures to boost the housing market as its first-half profits dived due to dwindling sales.
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Councils seek power to offer mortgages
21 August 2008
Council chiefs have called for extra powers to allow them to offer competitive mortgages in an attempt to rescue the housing market.
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Gross mortgage lending down over 25%
21 August 2008
Gross mortgage lending totalled £24.8bn in July, up by 5% from June but down by 27% compared with July 2007, figures from the Council of Mortgage Lenders showed.
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Hazel Blears approves Doon Street tower scheme
20 August 2008
The Secretary of State Hazel Blears yesterday approved Coin Street Community Builders’ plans for a residential and leisure scheme including a 144-metre tower on London’s South Bank.
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Unite gets go ahead for London student sites
20 August 2008
Student accommodation developer Unite Group has received planning consent for two new sites in London sites that will provide 355 student beds.
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Green light for 40-acre regeneration project in Cheshire
20 August 2008
NPL Estates has got the go-ahead for a 40-acre regeneration scheme in Northwich, Cheshire.
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Firoka ends plans to redevelop Ally Pally leisure scheme
20 August 2008
Firoka Group has pulled out of plans to create a £55m leisure and residential development at Alexandra Palace in north London.
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Mortgage lending in 2008 'to fall by a fifth'
20 August 2008
A rumoured imminent rally in the housing market has failed to materialise, as the latest round of bleak housing market data confirms, despite attempts by estate agents to inject a positive note.
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Plans submitted for £200m Leicester scheme
19 August 2008
Leicester-based developer Bowbridge Group has submitted plans for the £200m redevelopment of the former Corah factory in Leicester city centre.
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£500m Southampton scheme sets sail
19 August 2008
Crest Nicholson Regeneration and boat builder Palmer Johnson have got the go-ahead for the £500m redevelopment of the former Vosper Thornycroft shipyard site in Southampton.
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Rental market booms as July housing sales diminish
19 August 2008
The rental market is booming as the continued downturn in the housing market led to falling sales in July, according to the RICS.
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NAEA rival prompts Rightmove share dip
19 August 2008
Investors in Rightmove, the operator of Britain’s largest housing website, were rattled by news that not only does Rightmove have to contend with falling prices, it also will soon be facing competition from a free rival. Rightmove's shares fell 14.25p to 305.75p.
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Homes for rent supply surges
19 August 2008
Supply of rental accommodation rose at its quickest pace on record in the three months to July, outstripping the increase in demand from tenants, according to the latest data from the RICS.
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South-east and Scotland 'will bounce back first'
19 August 2008
South-east England and Scotland are set to bounce back fastest from the deepening house price slump but other parts of the UK will take as much as six years longer to see a similar recovery, according to Savills.
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Lloyds TSB cuts show mortgage competition
19 August 2008
Lloyds TSB yesterday announced it was cutting its mortgage rates for the second time in two weeks amid further signs that competition was returning to the mortgage market.
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UK Coal gets green light for Pontefract scheme
18 August 2008
UK Coal has got the go-ahead to redevelop the oldest mine site in Britain into a residential-led regeneration scheme.
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US lawsuit against Harcourt dismissed as Jersey scheme moves on
18 August 2008
Harcourt Developments has had two claims filed against it in a Las Vegas court dismissed after a US judge ruled that the complaints could not be supported.
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Building land drops 20%
18 August 2008
Residential building land, one of the core assets of most house builders, plummeted in value by 20% in the first six months of the year and could fall by up to 50pc before the current slump is over.
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Builders seek aid for first-time buyers
18 August 2008
House builders are lobbying the government to set up a tax-free savings scheme for first-time buyers as a way of improving liquidity in the beleaguered mortgage markets.
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Buyers spurn bargains as house price silde continues
18 August 2008
Property bargains are increasing daily as sellers cut their asking prices in an attempt to make wary buyers commit in a slow summer market – but the mortgage drought and a loss of confidence among buyers means that few are taking advantage.
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NAEA to create free advertising website
18 August 2008
The trade body that represents estate agents is to create its own free advertising website, a move that threatens to torpedo the business plans of its quoted rival Rightmove.
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Ulster property transactions grind to a halt
18 August 2008
The gentrification of the mean streets of Belfast during Northern Ireland’s recent property surge has been the starkest manifestation of the region’s much vaunted peace dividend.
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Bellway posts gloomy outlook
15 August 2008
Bellway added more gloom to the housing market as it announced that reservations had fallen by about 45% for the second half of the financial year, compared with the same period in 2007. It added that completed sales had fallen by 14.2% on last year as lenders restricted their finance to home buyers.
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US foreclosures jump 55%
15 August 2008
The number of American households sinking into the foreclosure process rose by 55% in July with 272,000 receiving a notice of default or its equivalent. One in every 464 US households faces the risk of losing its home, according to RealtyTrac, the property market research group.
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BPF welcomes buy-to-let reforms
14 August 2008
The BPF has backed Law Commission reforms of the priavte rented retail sector.
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NAEA presses for clarity on stamp duty
14 August 2008
Alistair Darling is under renewed pressure to clarify any plans for a stamp duty holiday after a poll of estate agents showed the uncertainty was hitting the housing market.
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Rental market proposals unveiled
14 August 2008
Plans to tighten the regulation and improve standards in the buy-to-let and private rented market have been unveiled by the Law Commission.
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HBOS takes axe to mortgage unit
14 August 2008
HBOS, the UK’s biggest mortgage lender, is to cut 425 jobs and close one of its five mortgage brands to new business as it aims to streamline costs.
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King sceptical on radical mortgage moves
14 August 2008
Mervyn King yesterday set his face against two of the more radical potential solutions to the mortgage crisis, making it far harder for the government to put either forward in the autumn.
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Premier Inn signs in Preston
13 August 2008
North-west-based developer Kubik Design has signed up Whitbread-owned hotelier Premier Inn to anchor its £25m Gateway scheme in Preston.
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Mortgages plummet amid stricter requirements
13 August 2008
The number of mortgages approved for first-time buyers and home movers halved in the year to June, lenders reported yesterday, giving warning that the situation was set to deteriorate further as funding conditions remained difficult.
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Darling moves to end mortgage drought
13 August 2008
Measures to revive the dormant housing market by increasing the supply of mortgage lending are being planned by ministers.
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Ian Marcus becomes chairman of Prince’s Regeneration Trust
12 August 2008
The Prince's Regeneration Trust has appointed Ian Marcus as its new chairman succeeding Andrew Hamilton who chaired the trust for three years.
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Lend Lease pulls out of £500m Stockport development
12 August 2008
Lend Lease has pulled out of a £500m plan to redevelop the Bridgefield town centre area of Stockport in the north west.
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Lend Lease-led consortium agrees plans for £1.5bn development of Elephant & Castle
12 August 2008
A Lend Lease-led consortium has formalised its development agreement with Southwark Council for the £1.5bn development of Elephant & Castle in London.
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Grainger to focus on selling assets and cutting spending
12 August 2008
Shares in Grainger rose 5.5% to 215p this morning, after the UK listed residential company said it was focused on building up its cash reserves.
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Tentative signs of easing market
12 August 2008
House prices have further to fall but there are some tentative signs that the precipitous slide in housing transactions is starting to level out, a report by the RICS suggests.
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Builders in quick moves to adapt to new reality
12 August 2008
House builders are adapting their businesses to the changed market conditions.
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Mortgage broker fined £100,000
12 August 2008
A mortgage broker has been fined £100,000 and banned in the latest of the City regulator’s efforts to crack down on fraud in the sector.
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Grainger Deutschland appoints new MD
11 August 2008
Listed residential property owner Grainger has appointed Peter Brock as managing director of Grainger Deutschland - its German advisory business.
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Dramatic drop in mortgage lending
11 August 2008
Building societies have so dramatically slashed their mortgage lending that repayments outstripped new loans by almost £700m in June, according to the latest data from the Building Societies Association.
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HBOS to prop up Crest Nicholson?
11 August 2008
HBOS must inject about £100m of fresh cash into Crest Nicholson in the coming weeks to prevent the housebuilder from breaching banking covenants.
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Northern Rock repos jump 67%
11 August 2008
A year ago, repossessed houses accounted for about 40% of lots for sale at Allsop's auction. In the forthcoming auction, that figure will be no less than 60%.
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Valad buys City of London block for student housing
8 August 2008
Australia’s Valad Property Group has bought Therese House in the City of London for £30m from HG Mansur for its £200m University Capital Trust fund.
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Residents challenge Heron’s ‘Black and Bling’ Barbican tower
8 August 2008
The Barbican Association has challenged Heron International over its plans to alter the external appearance of its residential tower Milton Court in the City of London.
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House prices fall 10.9% on year
8 August 2008
House prices fell by almost 11% in the year to July, figures showed yesterday – one of the biggest year-on-year falls recorded in the UK.
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Industry alarm over stamp duty uncertainty
8 August 2008
Half-baked plans to abolish stamp duty could prove as big a disaster as the Tories’ abolition of dual income mortgage tax relief for homebuyers 20 years ago – a move widely blamed for worsening the last housing crash – the property industry has warned.
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House orders drop 21%
8 August 2008
The downturn in the construction industry has accelerated in the first half of the year, as figures from the Office of National Statistics showed a 21% fall in new orders over the past three months.
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Channel 4 documents makeover of Yorkshire town
08 August 2008
Channel 4 took the property makeover concept to a new level when it filmed the regeneration of a Yorkshire town for a series that starts on Sunday.
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Dorset developer goes under
08 August 2008
Lee Manning and Nick Edwards of Deloitte, the accountant, have been appointed administrators to Ravine Lifestyle, a holding company for seven special-purpose vehicles for the development of flats in Dorset.
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Kensington exchange consent
08 August 2008
AIM-quoted Northacre and Bomac Developments have won planning permission from the Royal Borough of Kensington and Chelsea for 158 private and affordable housing flats on the telephone exchange site on Warwick Road.
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London prime falls again
08 August 2008
Prices for prime central London residential property fell 1.6% in July – the third consecutive month of falls, reports Knight Frank in its latest index.
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Moss grows on Macquarie
08 August 2008
Alex Moss, the former analyst and investment banker, is joining Australian bank Macquarie in the newly created role of head of global property securities analytics.
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Regeneration returns more vulnerable
08 August 2008
IPD research suggests regeneration is ‘early warning sign’ for wider market
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Warren Buffett rolls out Roomservice
08 August 2008
Billionaire American investor Warren Buffett’s furniture rental business, Roomservice by Cort, is stepping up its bid to exploit the UK’s growing residential investment market with the launch of a sale-and-rent-back scheme for landlords.
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Atisreal reshapes London residential team
7 August 2008
Atisreal has reshaped its London development and residential consulting group following the decision of current head Nigel Durman to step down.
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Q Developments gets green light for Southwark scheme
7 August 2008
Q Developments has got the go-ahead for a mixed use scheme in London’s Southwark.
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Regis backs away from Grainger bid
7 August 2008
Regis Group, the residential property company, has backed away from a bid for Grainger due to current housing market problems.
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Southampton housing scheme gets go ahead after five year legal battle
7 August 2008
The High Court has paved the way for a 184-apartment scheme near Southampton after ruling the local council ‘irrationally’ withheld consent for a road which was vital to the scheme.
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HBF warns on stamp duty 'games'
7 August 2008
Alistair Darling was accused of playing 'damaging short-term games' with the housing market yesterday after refusing to clarify whether he would suspend stamp duty in the autumn prebudget report.
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Report urges better wind-turbine testing
7 August 2008
Grants for homeowners who want to install small wind-turbines should be assessed to make sure the technology is actually going to save carbon emissions, recommends a report.
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US lender 'engaged in deception'
7 August 2008
Legal woes mounted yesterday for Countrywide Financial, the troubled mortgage lender bought by Bank of America, as the Connecticut attorney-general accused the group of engaging in deceptive and predatory lending practices.
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ING’s €70m Belgium sale
6 August 2008
ING Real Estate has sold the Ilot Saint Michel mixed-use scheme in Liege, Belgium, to Irish Life Assurance for €70m (£55m).
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Rescue plan to save property market
6 August 2008
Alistair Darling is drawing up a series of radical proposals to revive Britain's beleaguered housing market as new figures show soaring numbers of homes being repossessed.
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Galliford Try to carry out four affordable housing projects
6 August 2008
Galliford Try has been selected to carry out four affordable housing projects in London and the South East, valued at around £84.5m.
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Repossessions jump over 40%
6 August 2008
Repossessions of homes have leapt more than 40% since the housing market began to slow last year, raising fears that some lenders are taking precipitate action against homeowners struggling to pay their bills.
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Darling ponders housing aid package
6 August 2008
The postponement of stamp duty and a tax-free savings account to help first-time buyers are among measures being considered by Gordon Brown as part of a package of economic steps designed to rescue his premiership next month.
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Quintain acts to preserve cash as conditions worsen
5 August 2008
Quintain Estates and Development has made staff redundant, scrapped its dividend and will sell a stake in one of its prize assets in an effort to preserve cash in the difficult market.
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Olympics 2008 to ‘herald the birth of a new Beijing’
5 August 2008
The 2008 Olympics will ‘herald the birth of a new Beijing’ according to Jones Lang LaSalle.
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Brown ponders Stamp Duty suspension
5 August 2008
Gordon Brown is considering suspending stamp duty in an emergency measure to kickstart the housing market, it was claimed last night.
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Rocks first-half losses to hit £500m
5 August 2008
Northern Rock is set to report first-half losses of £500m today due to rising impairments in its mortgage book.
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Shelter says repossessions understated
5 August 2008
Thousands more homeowners are having their houses repossessed than official figures suggest, a leading housing charity has said as the City watchdog prepares to publish repossessions data.
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Developers fall in line for £350m Ministry of Defence plans
4 August 2008
Defence Estates, the property arm of the ministry of Defence, has shortlisted five developers for a £350m regeneration project at Catterick Garrison town centre.
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Lend Lease profits slashed in half
4 August 2008
Lend Lease said today its profits for the current year would be slashed in half blaming the UK housing market and downturn.
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Undersupply could bring back house price inflation
4 August 2008
Undersupply in the housing market could lead to a return to rapid house price inflation by 2010, according to a report published today.
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High-rise plans stalled as market dip continues
4 August 2008
As many as half of all highrise residential developments are being put on hold as a result of the steepening market downturn.
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Derivatives indicate 30% property fall by 2011
4 August 2008
House prices are expected to fall by almost 30% during the next three years according to the leading indices of property price futures, with more investors than ever looking to bet on long-term property prices as the value of their own homes fall.
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British house prices 'to slump by 10%'
4 August 2008
The housing market is falling at more than 10% year on year, the most dramatic collapse in the sector's recorded history, the Halifax mortgage bank will reveal this week.
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A fifth of Rock customers face negative equity
4 August 2008
Northern Rock will reveal this week that roughly one in five of its mortgage customers faces negative equity next year as it unveils a substantial loss for the six months to June.
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House prices decline worsens
1 August 2008
The decline in house prices accelerated in July, according to the Nationwide Building Society. It recorded the ninth consecutive monthly fall and the largest year-onyear drop in property values since the early 1990s.
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Beach hut sale sparks row
1 August 2008
A community leader has reacted with fury to news that a beach hut has sold for a reported £85,000 in his coastal resort.
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‘Pecha Kucha’ at Resi 08
01 August 2008
Have you got an idea about residential property you would like to share with the property world?
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Agents’ inefficiency could cost investors thousands
01 August 2008
Slow response of managing agents may result in lost sales
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Buyers bite back
01 August 2008
A rise in new buyer enquiries is a glimmer of hope in a troubled market
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Byrne Estates wins permission for Portsmouth build
01 August 2008
Byrne Estates has won detailed planning permission for 159 flats and six houses on the 1.3 ha site of a former Allders warehouse on Cross Street in Portsmouth.
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Councils teams up with developer for affordable housing
01 August 2008
Developer First Base has joined forces with an east London council in a return to affordable housing’s roots.
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Have you got an idea about Resi you would like to share with the property world?
31 July 2008
Readers are invited to enter Property Week’s ‘Pecha-Kucha’* event at Resi 08.
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Newham kicks off search for £600m regeneration partner
31 July 2008
The London Borough of Newham has formally started its search for a partner for a £600m vehicle to regenerate the area as an Olympic host destination and beyond.
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Mortgage rate fall cheer for borrowers
31 July 2008
HSBC will today become the latest in a series of large mortgage lenders to trim the cost of its home loans, reducing its interest rates by up to 0.31 percentage points. In addition to cutting the cost of its fixed-rate deals – its two-year product will fall from 6.74% to 6.43% a year – HSBC said it would also reduce some of the fees it charges for the loans.
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Mortgage market set for long haul
30 July 2008
The mortgage market is unlikely to recover for the next three years, a government-commissioned report warned yesterday.
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Beach huts echo housing slump
30 July 2008
Mudeford Spit Beach huts gained new status in recent years as they soared in price. Now, however, their value is falling faster than a dead seagull.
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Mortgage lending fall hardest since 1999
30 July 2008
The Bank of England said that the number of mortgage approvals in June had fallen to 36,000, from 41,000 in May, the lowest level since comparable records began in 1999.
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Record US house price fall
30 July 2008
US house prices suffered a record annual decline of 15.8% in May, according to data released yesterday, offering scant hope that the ailing industry might be on the path to recovery.
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Plans submitted for Gravesend
29 July 2008
Edinburgh House Estates has submitted plans for its £150m town centre regeneration project in Gravesend.
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HML buys residential management business
29 July 2008
HML, the residential property management, insurance and services firm, has bought the shares of Grovewood Property Management.
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Lovell to develop £53m housing project in Hounslow
29 July 2008
Construction company Morgan Sindall’s affordable housing business Lovell has been selected as a preferred development partner by Hounslow Homes and the London Borough of Hounslow for a residential scheme in Heston, West London.
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Crosby sees no easy fix to mortgage crisis
29 July 2008
There is no quick fix for Britain’s mortgage crisis and the long term funding of mortgages should be left to the market, a report to Alistair Darling will conclude today.
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House inflation nears zero
29 July 2008
House price inflation fell close to zero in June, the Land Registry said yesterday, in further evidence of the difficulties in the property market.
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Abbey beats HBOS with two in five mortgages
29 July 2008
Abbey will say today it took almost two out of five UK mortgages written in the second quarter, beating bigger rivals such as HBOS.
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Spanish housing down
29 July 2008
Official data showed that only 50,161 homes were sold in May, a 34.3% drop compared with the same month last year and a 10.1% fall on April. The Spanish market is sensitive to rate rises as only 10% of home owners have fixed-rate mortgages.
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Scrap HIPs and give buyers a stamp duty holiday, CBRE tells the government
28 July 2008
Home Information Packs should be scrapped and buyers should be a given a stamp duty holiday to reinvigorate the struggling residential property market, CB Richard Ellis Hamptons said today.
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London and south bear brunt of house price falls
28 July 2008
London and southern England are bearing the brunt of falls in house prices, which have dropped for the 10th month in a row, according to a new survey.
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Mortgage cuts signal improving market
28 July 2008
Northern Rock, HBOS and Royal Bank of Scotland yesterday became the latest lenders to cut mortgage rates, in a further sign that the market is improving for borrowers.
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Foreign banks lure buy-to-let borrowers
28 July 2008
Wealthy buy-to-let property investors are bypassing mainstream UK lenders to take advantage of the more favourable terms provided by some foreign banks.
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Apollo circles Paragon
28 July 2008
Apollo Management, the US private equity group, is among potential bidders circling Paragon, the UK buy-to-let mortgage lender.
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Can we get a mortgage?
25 July 2008
Just how hard is it for the typical Property Week reader to get on the housing ladder? As first time-buyer Justin Wood discovers, even a 10% deposit no longer guarantees a mortgage.
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‘Fast cash purchaser’ plans flotation
25 July 2008
UK Property Bank, a self-styled ‘specialist in fast cash purchases of residential property’, appears to be one of the few beneficiaries of the housing market slump, after it announced plans for a stock market flotation last week.
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Caledonian sleepers
25 July 2008
Low demand in Scotland has left developers hitting the snooze button
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Charity begins with homes
25 July 2008
Homelessness charity Broadway is offering private landlords a hassle-free way to help turn peoples’ lives around.
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First Base mad for Barking with £1.4bn partnership
25 July 2008
Joint venture would create first of government’s local housing companies
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Planning report warns of threat to Government housing targets
24 July 2008
A report published today warns that the government may fail to meet its own housing targets due to ‘chronic problems’ in the planning process.
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Housing gloom hardened by weak lending
24 July 2008
Mortgage lending weakened again last month as housing transactions became more tortuous and housebuilders resorted to ever more desperate measures to attract buyers, a range of economic data showed yesterday.
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Home letting plan for national parks
24 July 2008
People who live in national parks would need planning permission if they wanted to let out their homes under a proposal in a study conducted for the prime minister. The report, by Matthew Taylor, the Liberal Democrat MP, also urges the government to make it harder to turn properties into second homes. A pilot could be conducted in a national park, the MP suggests.
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Argent appeal win clears way for £2bn Kings Cross plans
23 July 2008
Argent has won an appeal on a key piece of land which means it can now press ahead with its £2bn regeneration of London’s King’s Cross.
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Urgent action needed to save rural communities, government told
23 July 2008
The high cost of housing coupled with the low wages of rural workers is pricing them out of the housing market, an independent review commissioned by Gordon Brown warned today.
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Double Midlands win for Ballymore
23 July 2008
Ballymore romped home with two wins for its Snowhill development in Birmingham at the Midlands Property Awards at the International Convention Centre in Birmingham last night.
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Edeus offers cash for early repayments
23 July 2008
Edeus, a specialist mortgage lender that stopped writing new business three months ago, is offering cash incentives to existing customers for repaying their loans early.
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TPG eyes Paragon
23 July 2008
TPG Capital, the US private equity group, is looking at a bid for specialist mortgage lender Paragon, less than three weeks after it infuriated the City by pulling out of a £179m capital injection for Bradford & Bingley.
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FSA targets mortgage fraud
23 July 2008
A crackdown on mortgage fraud, including the expansion of a scheme that encourages more lenders to report rogue mortgage brokers, was announced by the financial regulator yesterday.
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Eco-town living 'will cost £500 a year extra'
23 July 2008
Householders wanting to live in Gordon Brown's pioneering eco-towns face service charges of more than £500 a year on top of their annual council tax bill.
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Stanhope wins battle to develop Ashford Channel Tunnel site
22 July 2008
Stanhope has been selected to develop a 550,000 sq ft mixed-use scheme in Kent.
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London Residential review
22 July 2008
Knight Frank
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UK Coal scales back eco-town plans
21 July 2008
UK Coal has cut the size of its shortlisted eco-town proposal for Rossington, South Yorkshire, by two thirds, it was announced today.
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Britons expect falling property prices
21 July 2008
Homeowners in Britain are more convinced that property prices will fall in the coming year than households in the US and other large European economies.
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Sellers forced to cut asking prices
21 July 2008
People selling their homes have cut the asking price by an average of more than £4,300 in the past month to catch the eye of a dwindling number of buyers, according to a report published today.
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Britons may lose Spanish property
21 July 2008
Thousands of British holiday-home owners are facing potential losses of as much as £150,000 each with the collapse of one of Spain’s largest property developers.
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Housing plan postponed to autumn
21 July 2008
The Treasury is ready to come forward with a package of measures to stabilise the housing market, but no action is expected until the autumn.
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Urban Waterside submits plans for Newcastle Mill site
18 July 2008
Urban Waterside has submitted a planning application for the first phase of the regeneration of the former Georgia Pacific paper mill site in Newcastle-under-Lynme.
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Latest images of the Candy's Chelsea Barracks plans
18 July 2008
Project Blue, the joint venture between Christian Candy’s CPC and Qatari Diar, has revealed new images of its Chelsea Barracks scheme.
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Wellcome pulls out of eco-town plan
18 July 2008
Plans to create a network of 'eco-towns' suffered another blow yesterday after one of the landowners of a high profile potential site near Cambridge pulled out.
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US housing starts up
18 July 2008
New US housing starts rose an unexpected 9.1% in June, but economists warned against interpreting the increase as evidence of a bottoming of the residential property market.
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Blasts from the past
18 July 2008
History may not be an entirely reliable guide to the present slowdown
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Britain hardest estate set for £1bn makeover
18 July 2008
Berkeley Homes and Greenwich Council are about to submit a £1bn plan to end the 10-year purgatory for residents on one of Britain’s grimmest housing estates.
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Ombudsman warns estate agents on fees
18 July 2008
Estate agents have been warned by the industry watchdog against misleading consumers by charging fixed fees on house transactions rather than the conventional percentage of the sale price.
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Unite Group secures Holloway Road planning permission
18 July 2008
Unite Group, the provider of student accommodation, has secured planning permission for 146 student flats at 301-315 Holloway Road, north London, following two years of negotiations with planners at Islington Council.
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Value of ‘outperforming’ rental sector tops £500bn
18 July 2008
Sector beats all privately owned commercial property as rents are forecast to rise by up to 15%
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Leeds Metropolitan University plans £26m 'eco' student residence
17 July 2008
University Partnerships Programme, one of the UK’s largest providers of student accommodation, is to design, build, finance and operate a major new development for Leeds Metropolitan University.
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Rent first, buy later scheme for first-time buyers
17 July 2008
First-time buyers will be able to rent homes cheaply while they scramble to raise enough money to buy them, as part of a package of government measures to stimulate the housing market.
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Nationwide rate cuts give hope
17 July 2008
Nationwide building society yesterday announced a number of sharp cuts to its mortgage rates, giving hope to borrowers that more competitive pricing may return to the market.
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Countryside prices slide
16 July 2008
Country homes have suffered their steepest fall in value in more than a decade, according to Knight Frank. The group recorded a 3.9% drop in prices across the prime country house market.
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FSA bans mortgage adviser over false information
16 July 2008
A mortgage adviser has been banned by the Financial Services Authority for deliberately submitting false information on application forms to lenders.
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Ballymore wins consent for Minoco and Baltimore Wharves
15 July 2008
Ballymore has won planning consent for two large developments in East London
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Buyers reluctant to enter market
15 July 2008
Consumers are increasingly reluctant to venture into the uncertain housing market or to spend beyond essential purchases, according to two surveys out today that suggest households are feeling the strain of tight credit conditions and rising living costs.
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House rents could rise 15%
15 July 2008
Rents are set to rise by up to 15% over the next two years, reflecting both a shortage of supply and rising demand from buyers struggling to get on to the housing ladder, according to a report commissioned by the letting industry’s trade body.
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Estate agents criticised for lack of clarity
14 July 2008
Estate agents must make sure their customers are not ‘confused’ when asking for a fixed-fee, or face penalties, the Ombudsman for Estate Agents said today.
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St Modwen takes £38m resi land writedown
14 July 2008
St Modwen Properties has written down the value of its residential landbank by around 10% due to the downturn in the residential market.
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Mortgage review 'set to disappoint'
14 July 2008
The keenly-awaited Treasury-commissioned review of mortgage finance, published in the next few days, will disappoint housebuilders and lenders hoping for an early end to the freeze in the home-loans market.
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Fed rescue for US mortgage bodies
14 July 2008
The US treasury is working on plans to inject up to $15bn (£7.5bn) of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
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Confidence grows that US mortgage debts will be paid
14 July 2008
Investors in the giant US mortgage debt market have been growing more confident that they will be repaid, in spite of the serious problems experienced by Fannie Mae and Freddie Mac.
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Emails aid sub-prime detective
14 July 2008
Regulators on both sides of the Atlantic are combing e-mail records to investigate the role of credit-rating agencies in the sub-prime loan crisis.
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Mortgage lenders to urge extension of liquidity scheme
11 July 2008
The Bank of England will be lobbied by high street banks today to extend the special liquidity scheme, put in place three months ago to help free up money markets which have been frozen by the credit crunch.
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Halifax index posts 6.1% decline
11 July 2008
House prices fell further in June, leaving them 8.6% (Daily Telegraph: 8.7%) below their level one year ago, according to data from the Halifax house price index.
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Abbey cuts cost of fixed-rate mortgages
11 July 2008
Abbey has become the latest bank to cut the cost of its fixed rate mortgages as the cost of wholesale funding continued to ease.
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Tories aim to cut regional quangos’ planning powers
11 July 2008
Shadow business secretary Alan Duncan plans to overhaul RDAs.
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Urban planners should use sustainability exemplar Bournville as template for new ‘eco-towns’
11 July 2008
Confectioner and social pioneer Cadbury built the UK’s first ‘eco-town’ in Bournville a century ago.
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Barratt signs £400m debt facility and cuts 1,200 jobs
10 July 2008
Barratt’s shares climbed 10%, after it signed a new £400m debt facility and confirmed 1,200 job cuts.
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House prices fall further 2% in June
10 July 2008
House prices fell a further 2% in June - making a 6.15 drop in the past 12 months - according to figures released this morning by the Hallifax.
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Boris pledges 50,000 new London homes by 2011
10 July 2008
London’s new mayor insisted last night that he would build 50,000 affordable homes in London within three years.
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Ownership beyond for average earners
10 July 2008
House prices may be tumbling but the dream of home ownership is all but over for couples on modest incomes, as mortgage lenders demand heftier deposits, according to new figures.
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Mortgage market still under stress
10 July 2008
Strains deepened in the mortgage market in June with the rates on offer by banks and building societies continuing to rise despite weak demand for loans.
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B&B 'pricing itself out of market'
10 July 2008
Bradford & Bingley has slashed its lending to landlords, amid claims that the troubled bank is struggling to make profits on its new loans.
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Credit crunch stalls Western Europe's tallest residential building
9 July 2008
Developers KW Linfoot and Frasers Property have put the development of Lumiere in Leeds – set to become the tallest residential building in Western Europe – on hold.
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Bovis and Redrow cut 40% of staff
9 July 2008
Bovis and Redrow today revealed that they would be shedding 40% of their staff, in an effort to control costs as the listed housebuilding sector continued to suffer.
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Home loans show slight rise amid gloom
9 July 2008
Lending for house purchases rose slightly in May, but new loans for re-mortgaging fell steeply, suggesting that borrowers coming to the end of fixed-rate mortgage deals are finding it hard to switch to comparable rates.
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Savills predicts more gloom
9 July 2008
The chief executive of Savills forecast house prices in London to fall 25% by the end of next year, while the effect of the credit squeeze on property was now spreading across Europe and into Asia.
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Persimmon able to avoid big land bank writedown
9 July 2008
Persimmon, one of Britain’s largest housebuilders, surprised the market by avoiding a large writedown on its £2.5bn land bank in spite of the steep decline in the housing market.
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US housing recovery hopes fade
9 July 2008
Hopes that the beleaguered US housing market might be in the early stages of a recovery were dented yesterday after an index of pending home sales recorded an unexpectedly steep 4.7% in May.
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Lone Star raises €700m from banking club
8 July 2008
Lone Star has raised more than €700m (£556m) of bank finance for its €1bn (£795m) purchase of a Deutsche Post property portfolio in Germany.
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Centros submits Lancaster plan
8 July 2008
Centros has submitted plans for a £150m mixed-use scheme in Lancaster after discussions with the community, English Heritage, and the government’s architecture watchdog CABE.
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London's Borough market to get extension
8 July 2008
Plans have been submitted for shops and a new public area at London's Borough Market.
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Llanelli waterfront moves a step closer
8 July 2008
South Wales Llanelli waterfront development has moved closer to completion.
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House builders threatened by falling prices
8 July 2008
An expected 20% drop in house prices over the next two years could destroy up to 100 per cent of the value of land banks held by Britain’s embattled housebuilders, threatening their survival, according to analysts.
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US mortgage funders slide
8 July 2008
Shares in US mortgage financiers Fannie Mae and Freddie Mac plunged yesterday as investors worried that the two big government-sponsored mortgage financiers would have to raise fresh capital.
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Watchdog bans mortgage broker
8 July 2008
The City watchdog has stepped up its campaign against fraudulent mortgage brokers with a £129,000 fine and a ban on one broker.
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B&B hits new low as 'most expensive' issue looms
8 July 2008
The banks and institutional investors underwriting Bradford & Bingley’s third attempt at a rights issue are facing potential losses of more than £108m if the lender’s shares do not rally after a fresh tumble yesterday.
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City Lofts in administration
7 July 2008
Residential developer City Lofts has gone into administration.
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Persimmon to cut 1000 jobs
7 July 2008
Persimmon will confirm it has made around 1,000 staff redundant – bringing the total number of jobs losses announced in the sector in the past seven days to 3,200.
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Barratt tipped for £100m writedown
7 July 2008
Barratt Developments will this week write down the value of its landbank by about £100m and provide details on a waiver of its banking covenants in an attempt to reassure investors about its financial health.
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City Lofts appoints E&Y
7 July 2008
City Lofts Group, the inner-city property developer, announced that it has appointed Ernst & Young as administrators of the company, becoming one of the first notable casualties of Britain’s housing downturn.
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Multi’s Summer Row moved forward
4 July 2008
Multi Development will begin construction of its £300m Summer Row scheme in Wolverhampton in early 2009 after a legal challenge against the development was withdrawn.
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Victory for Ashford green scheme
4 July 2008
Zed Homes has won its planning appeal to build a green housing scheme of more than 1,000 apartments in the centre of Ashford, Kent.
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Barratt to cut 1,000 jobs
4 July 2008
Barratt Developments has become the latest housebuilder to announce sweeping jobs cuts with around 1,000 staff set to be made redundant.
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Unite’s fund performance shows resilience of student accommodation sector
4 July 2008
Unite Group’s £1bn student accommodation fund has bucked the trend of plunging values by achieving a 5.1% increase in its net asset value in the second quarter of the year.
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Barratt slashes workforce
4 July 2008
Barratt Developments has joined its house building peers in cutting its workforce to deal with the slump in new home sales.
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Galliford unlikely to hike divi as prices dive
4 July 2008
Galliford Try warned it was 'unlikely to recommend' an increase in its annual dividend when it reports full-year results in September, which it still expects to show a pre-tax profit of at least £60m.
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Banks rescue B&B as TPG pulls out
4 July 2008
Texas Pacific Group has walked away from a deal to inject cash into Bradford & Bingley, forcing the stricken bank to fall back on investors for an emergency cash injection.
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Bovey and bank imagine future
04 July 2008
Residential market downturn leads to review of Imagine Homes’ buy-to-let partnership
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Heart of Slough skips a beat as Berkeley pulls the plug
04 July 2008
Housebuilder pulls out of key element of Development Securities’ £400m scheme
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Hope follows a record low
04 July 2008
May figures show slight improvement in surveyors’ sales and price expectations
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Rural campaigners chip away at Flint’s eco-town proposals
04 July 2008
Lobby group accuses housing minister of planning to create ‘car-dependent housing estates’
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South-east targets assault
04 July 2008
Council leaders have lambasted government ministers and advisers for imposing unrealistic housing supply targets on the south-east, following the credit crunch and a widespread slowdown in development by housebuilders.
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Turner profit
04 July 2008
Margate hopes the Turner Contemporary art gallery will transform the town. Doug Morrison reports on a guinea pig for Britain’s ailing seaside towns
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West Yorkshire's Castleford scheme reaches completion
04 July 2008
A longstanding regeneration scheme in Castleford, West Yorkshire, reached completion today with the opening of a £4.8m bridge across the River Aire.
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Newham causes a stink over National Grid Property's 1,500 homes plan
3 July 2008
Newham Council last night called for the London Thames Gateway Development Corporation (LTGDC) to scrap a proposal to build 1,500 houses and a nursing home next to Europe’s largest sewage works.
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Ministers move to aid housing market
3 July 2008
Measures designed to prop up the ailing housing market were pushed out by ministers yesterday amid a blizzard of bad news for the sector.
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Falling prices 'will not aid affordability'
3 July 2008
Falling house prices will do little to improve the affordability of homes for too many people, according to a report published today by the National Housing and Planning Advice Unit, a government advisory body.
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Equity releases weakest since 2001
3 July 2008
Housing equity withdrawal was the weakest since 2001 in the first quarter of this year, according to data that suggest falling house prices and tough credit conditions have deterred people from borrowing against the value of their homes.
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US housing problems 'likely to persist'
3 July 2008
The US housing slump is likely to be extended and 'continues to pose a considerable downside risk to the US economy', Hank Paulson warned in a speech in London yesterday.
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Government to provide further £270m to ease affordable housing crisis
2 July 2008
Housing Minister Caroline Flint today pledged £270m to the Housing Corporation to ease the delivery of affordable housing and introduced a ‘clearing house’ where house builders could sell their unsold houses for affordable housing.
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ODA and Lend Lease cull a quarter of Olympic Village apartments
2 July 2008
The Olympic Delivery Authority and Lend Lease are slashing the number of homes at the Olympic Village by a quarter, it was revealed this week.
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Shares halve as Taylor Wimpey fails to secure rescue funding
2 July 2008
Housebuilder Taylor Wimpey has failed to secure emergency funding needed to ensure it would not breach banking covenants.
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Newcastle Quayside scheme wins approval after public inquiry
2 July 2008
George Wimpey's plans for a mixed use development on Newcastle's quayside have been granted planning permission following a public inquiry.
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House price fall worst since early 90s
2 July 2008
House prices continued to decline last month and are now lower than a year ago across all regions of England and Wales, according to a survey that offers little hope of the market improving.
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Countrywide eyes Halifax estate agency
2 July 2008
Countrywide recently made a tentative approach to buy the Halifax chain of estate agents from HBOS, showing the private equity-owned company is prepared to examine possible acquisitions even with the housing market in free fall.
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Taylor Wimpey executive set to leave
2 July 2008
Taylor Wimpey is set to announce the departure of its finance director today as the stricken house builder updates markets on an expected capital injection of about £500m designed to see it through the credit crisis.
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City Lofts crisis
1 July 2008
City Lofts has become the first major residential developer to fall victim to the credit crunch with around 250 of its unsold properties today put into receivership.
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Gateshead seeks developer for £1bn housing project
1 July 2008
Gateshead Council is looking for a joint venture partner to develop £1bn of housing.
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East London council block will not be listed, government says
1 July 2008
The Robin Hood Gardens council estate will not be listed paving the way for its regeneration, the government announced today.
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PM Gordon Brown seals Westfield’s Stratford development plans
1 July 2008
Australian developer Westfield has reached a series of agreements with the local and Olympic authorities finalising its £4bn plans development of Stratford City in a high profile meeting with Prime Minister Gordon Brown today.
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Painful economic correction looms as mortgage lending collapses
1 July 2008
The risks of a painful correction in the economy are increasing, judging by economic data showing new mortgage lending has collapsed, consumer confidence near all-time lows, and lower productivity that will put pressure on businesses to cut jobs.
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Charcol axes staff and turns to Moulton
1 July 2008
John Charcol has axed a quarter of its workforce and closed three of its eight UK branches because of the turmoil in the housing market and has turned to private shareholder Jon Moulton, the boss of private equity firm Alchemy, for cash following a failed sale attempt.
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Barratt close to rescue funding
1 July 2008
Struggling housebuilder Barratt Developments is close to securing a rescue refinancing with lenders that will relax its banking covenants and help it ride out the property downturn.
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Taylor Wimpey revalues ahead of capital push
1 July 2008
Taylor Wimpey yesterday spent the day preparing to raise capital and finalising the extent of its asset writedown – as well as setting an example that the rest of the house building sector may have to follow in coming weeks.
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Middle Eastern company buys Thamesside residential development site
30 June 2008
A consortium of Middle Eastern investors has revealed plans for a luxury residential project next to London’s Battersea Power Station.
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Taylor Wimpey confirms emergency fund raising
30 June 2008
Housebuilder Taylor Wimpey confirmed today that it was in talks with investors regarding emergency fund raising plans.
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Mortgage lending slump sparks house price fears
30 June 2008
The number of mortgages given to home buyers has fallen to an all-time low, according to figures from the Bank of England.
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£400m rescue for Taylor Wimpey
30 June 2008
Taylor Wimpey is in the advanced stages of an emergency £400m fund-raising to save it from collapse.
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House prices weakest since 2005
30 June 2008
UK house prices fell for a ninth consecutive month in June as the effects of the credit crunch continued to weigh on the market, according to Hometrack, the housing research firm.
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City job losses hit Kensington house prices
27 June 2008
A chill wind is blowing through Holland Park, Kensington and Notting Hill, London's banker belt, as City job losses hit the values of prime residential properties below £5 million.
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Double fund launch to raise £400m for ailing market
27 June 2008
Howard Eurocape and US group appoint ex-Goodman man
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Buyers take upper hand in market
27 June 2008
Homes for sale now outnumber buyers by 15 to 1, the June house price index from Rightmove, the property website, has shown.
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Castlemore abandons £275m Leeds scheme
27 June 2008
After buy-to-let woes, credit crunch now hits city’s regeneration plans
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Dislocation, dislocation, dislocation
27 June 2008
Filmed months before the credit crunch, property makeover programmes are often based on out-of-date market valuations.
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Living proof
27 June 2008
Commercial developers have gone from feeling ‘stuck’ with residential to appreciating it for the value it can add.
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McGinnis Developments claim affordability with Bradford Beehive scheme
27 June 2008
Northern Ireland-based McGinnis Developments has claimed that it is ‘one of the first developers in Britain’ to tackle housing affordability with its Beehive scheme in Bradford.
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Northern bites
27 June 2008
Uncertainty reigns in the north-east and Yorkshire
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OFT backs Ombudsman for Estate Agents
27 June 2008
The Office of Fair Trading (OFT) has given the Ombudsman for Estate Agents the green light to operate as one of the official redress bodies for victims of malpractice by residential estate agents.
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Residential and regeneration
27 June 2008
Residential and regeneration
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UK & European belts up £63m Orion House in Covent Garden
27 June 2008
Lewis Family Trust’s real estate arm swoops on struggling Midtown sale
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Karl Properties buys out partners in Belfast’s Obel development
26 June 2008
Northern Ireland’s Karl Properties has bought out its partners in the Donegall Quay development consortium and will be the sole developer of Belfast’s tallest residential tower.
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West Sussex County Council criticises housing policy
26 June 2008
Ministers and housing advisers of The National Housing and Planning Advice Unit have been slammed by a local council.
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Glenkerrin to build new London landmark
26 June 2008
Developer Glenkerrin is to reveal its plans for a new landmark building for Docklands, designed by Foster and Partners.
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US house prices drop 22.8% in three months
26 June 2008
US house prices dropped 22.8 per cent over the last three months as American consumer confidence signalled the worst level of consumption since since 1974.
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First-time buyers trapped by rent rises
25 June 2008
The dream of homeownership has slipped farther from the reach of first-time buyers, who have been unable to afford a home because of the credit crunch.
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Mortgage approvals slump 20% to new low
25 June 2008
More housing misery on both sides of the Atlantic puts pressure on policymakers
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Grosvenor blasts Christian Candy’s Chelsea Barrack plans
24 June 2008
Grosvenor, the Duke of Westminster’s property company, has blasted the Candy brothers’ plans for Chelsea Barracks as ‘disappointing and unimpressive’.
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Mortgage approvals fall 56%
24 June 2008
Fears of a housing market crash in the UK heightened today as annual mortgage lending in May plunged by 56 per cent to a record low.
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Indigo Blu under way in Leeds
24 June 2008
Maple Leaf Securities has begun work on its Indigo Blu in Leeds, which is set for completion in 2009.
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Riverside development to open up lost London river
23 June 2008
Boris Johnson’s plans to open up London’s lost rivers were boosted after a mixed use scheme on the River Wandle was granted planning consent.
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House sales: 15 sellers to each buyer
23 June 2008
The ratio of properties on the market to buyers has doubled to 15-to-one in a year, forcing homeowners to slash prices.
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Halifax set to raise 'fixed' mortgage rate
23 June 2008
Halifax, the UK's biggest mortgage lender, is expected to deliver more woe to homeowners and first-time buyers tomorrow when it raises its fixed rates on loans by 0.5 percentage points.
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HIPs should be voluntary says Carsberg
23 June 2008
Sir Bryan Carsberg, the former head of the Office of Fair Trading, has called for the controversial home information packs (HIPs) to be made voluntary.
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HBOS sees 9% house price fall
20 June 2008
HBOS yesterday gave its gloomiest assessment yet of the housing market, saying it expected prices to fall by 9% this year and that housing transactions would be down 45%.
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Mortgage lending dips further
20 June 2008
Mortgage lending fell by 19% in May, compared with the same month last year, figures from the Council of Mortgage Lenders showed. A total of £25.5bn was advanced to borrowers, down from £26.1bn in April.
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Analyst builds hope for Barratt
20 June 2008
Barratt Developments, the housebuilder that has lost 90% of its value since the credit crunch began, has received a modest vote of confidence from broker KBC Peel Hunt.
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Battersea tower station
20 June 2008
Real Estate Opportunities unveils £4bn Vinoly-designed plans for London icon
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Buy to let buoyed by bulk investments
20 June 2008
Leeds, Woking and Edinburgh deals offer hope for market, says Knight Frank
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Housebuilder to open doors to cheaper mortgages
20 June 2008
Crest Nicholson is bidding to kick-start house sales by offering prospective purchasers cheaper mortgage deals than they can obtain from high street lenders.
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Industrial development slows as take-up rises
20 June 2008
Industrial Development in Essex has slowed, regional agency Glenny has said, despite take-up rising.
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Insurer Zurich raised about £12 from King Edward’s Place
20 June 2008
Insurer Zurich has raised about £12m from the sale of King Edward’s Place training centre, near Swindon, to Petersham Hotel.
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On the bond wagon
20 June 2008
A ‘thinking man’s timeshare’, Holiday Property Bond has survived the last two downturns. Doug Morrison finds out how
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The march of super-prime
20 June 2008
Sales of £5m-plus homes were up 40% against this time last year.
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Noho Square design work mothballed
19 June 2008
Candy & Candy’s luxury residential development square has been delayed while its backers seek further construction funding.
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Social housing industry urges £1bn spend on empty stock
19 June 2008
The group representing Britain's social housing industry is in talks with the Government to free £1bn of public money to help to bail out the new homes market.
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Paulson gloomy about UK property
19 June 2008
John Paulson, the US hedge fund manager who made a fortune for his investors by anticipating the debacle in subprime mortgages, said yesterday it was too early to look for bargains in the financial sector and predicted the worst was yet to come for the UK housing market.
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B&B arrears build up
19 June 2008
Mortgage arrears at Bradford & Bingley, the buy-to-let lender that issued a shock profit warning this month, are shifting upwards, according to the latest data.
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Housing cost stress
19 June 2008
Nearly a quarter of households say housing costs are causing them 'stress or depression', according to a survey of nearly 7,000 people by Shelter, the housing charity.
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Flint says Government can cope with housing crisis
17 June 2008
Housing minister Caroline Flint said today that housing supply was her ‘main priority’ and said the government had a range of plans to alleviate the poor housing market conditions.
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New home starts hit post WWII low
17 June 2008
The number of new homes built in 2008 will be the lowest in any year since the end of the Second World War, the construction industry said yesterday, in the latest serious blow to Government housing targets.
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Fixed-rate mortgages hits 10-year high
17 June 2008
The price of an average fixed-rate mortgage deal has hit its highest level in 10 years as lenders pass on rapidly rising borrowing costs.
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Estate agents rules revamp urged
17 June 2008
Tough new rules need to be imposed on estate agents to address widespread dissatisfaction among buyers, sellers and renters, according to a review of the sector.
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Gladedale subsidiary gets consent for 1m sq ft Leeds scheme
16 June 2008
Reland, the mixed-use division of property developer Gladedale, has been granted planning consent for a 1m sq ft mixed use scheme to the south of Leeds.
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Carsberg Review: Property agents must be regulated to protect the public
16 June 2008
A major new housing report has called for tougher regulation of agents to protect both residential landlords and tenants.
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Green light for Croydon residential tower
16 June 2008
Croydon Council has given the go-ahead for a £140m residential development in the town.
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Carsberg to urge letting agent shake-up
16 June 2008
Property agents in the rental sector must be better regulated, a major housing report launched tomorrow will conclude.
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Housing chiefs urge state action
16 June 2008
Leading housebuilders have blasted the Government for failing to help out the ailing sector amid warnings that just 100,000 new homes will be built this year against the Prime Minister’s target of 240,000.
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Four-year wait for house price rebound
16 June 2008
Most economists believe a recovery in house prices to their 2007 peak is at least four years away, according to a survey.
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Property chiefs fund eyes abandoned schemes
16 June 2008
John Morgan, the chairman of the construction group Morgan Sindall and former Multiplex chief Jayne McGivern have joined forces with a distressed debt fund to target property developments abandoned by Barratt and other struggling housebuilders.
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City works on house builder rescue
16 June 2008
A group of Britain's biggest institutional investors are working on secret plans to provide direct funding to shore up the beleaguered housebuilding sector.
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First-time buyers hit by demand for higher deposits
13 June 2008
First time buyers are paying larger deposits than at any time over the past four years as banks and building societies clamp down on lending, according to official figures.
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Persimmon dumped from FTSE
13 June 2008
The FTSE 100 ejected Persimmon, the last remaining house builder, from its blue-chip ranks when it relegated it to the FTSE 250 in the index’s latest quarterly reshuffle. Persimmon has seen its market value decline from £4bn to £937.7m in just over a year.
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Councils imposes £1,000 'bedroom tax'
13 June 2008
Purbeck Council is charging residents a £1,000 'bedroom tax' on home extensions to fund transport improvements in the area.
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Mortgage approvals up in April
13 June 2008
Mortgages approved for house purchase rose by 9% in April to 50,700, from 46,400 in March, according to the Council of Mortgage Lenders, but this was down from the 80,500 seen in April last year. Overall gross mortgage lending in April rose by 8% to £26.1bn after two consecutive months of decline, although this was 5% down on April last year.
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1970's revival
13 June 2008
Reintroducing mortgage guarantees would help existing homeowners and first-time buyers.
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Flint tells eco-town critics: ‘There is no done deal here’
13 June 2008
Minister rejects ‘cynicism’ of view that government is bypassing the planning system
-
Shelbourne cleans up at Chicago Spire after roadshow
13 June 2008
Irish company Shelbourne Development Group has sold one-third of the flats in its Chicago Spire despite the worldwide credit crunch and crisis in confidence.
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Soar point
13 June 2008
Rising costs may threaten the viability of residential tower blocks, say Marcus Dixon and Mark Farmer
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South-east land values plunge by 20%
13 June 2008
The dynamics of the land market in the south-east have altered significantly this year – premiums are a rarity and liquidity has proven key among site purchasers as a result of lower house sales and wavering confidence, Knight Frank reports.
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Yoo and the Raven Group win permission for Lakes
13 June 2008
Yoo and the Raven Group have won planning permission for the third phase of the Lakes, their joint development of 650 acres in the Cotswolds.
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Barratt under cosh as shares tumble
12 June 2008
Barratt Developments’ chief executive attempted to calm investor fears about the future of the struggling housebuilder yesterday with an unexpected announcement to the stock exchange.
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Builders must disclose incentives
12 June 2008
House builders will soon be required to declare buyers’ incentives to ensure that lenders are able to offer mortgages that reflect the true value of a property.
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City watchdog to scrutinise house builders shares
12 June 2008
The main City watchdog yesterday signalled its concern that a third day of heavy selling of shares in Britain's house builders was a deliberate attempt to undermine the sector.
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Chesterton co-owner buys Humberts
11 June 2008
Estate agency chain Humberts went into administration this week, before being bought out by a business restructuring group that jointly owns Chesterton.
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Goldman Sachs buys biggest German housing portfolio
11 June 2008
Goldman Sachs has bought a €3.4 billion residential portfolio in Germany.
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Chesterfield regeneration takes next step
11 June 2008
Developer Urbo Regeneration and Chesterfield Borough Council have appointed EDAW in Manchester to masterplan the 40-acre Chesterfield Waterside site.
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Barratt needs £1bn injection
11 June 2008
The plight of Barratt Developments may be so severe that it will have to resort to a debt-for-equity swap to survive as a flurry of negative coverage sent shares in the company to a 20-year low.
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Thousands are facing negative equity
11 June 2008
Thousands of hard-pressed borrowers who could not afford a deposit for their home have been plunged into negative equity and thousands more could be at risk if house prices fall further, figures suggest.
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House builders shares pounded
11 June 2008
House builders’ shares suffered their biggest fall in a single day since the start of the downturn, shedding more than a tenth of their value as investors took stock of yet more gloomy news and analysis.
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Fixed-rate mortgage costs hit 8-year high
11 June 2008
Taking out a two-year fixedrate mortgage has become more expensive than at any point in the past eight years, according to data that show how the Bank of England’s resolve to fight inflation may exacerbate the tightening in credit conditions and hit home buyers.
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Croydon £450m regeneration plans outlined
10 June 2008
John Laing Developments has outlined its plans for the £450m regeneration of Croydon in partnership with the council.
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Scottish Earl submits ‘Brighton of the North’ plans
10 June 2008
A Scottish Earl has submitted a planning application to turn a Highland farm into the ‘Brighton of the North’.
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RICS: House sales hit 30-year low
10 June 2008
The number of house sales dropped again this month - to the lowest number since 1978 - but falls in house prices slightly decreased according to the RICS’ UK housing market survey published today.
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Writedowns fears send housebuilders tumbling
10 June 2008
The housebuilders were sent tumbling yet again as fears mounted that a number of companies are preparing for large writedowns on the value of recent purchases of land.
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Spring revival fails to arrive
10 June 2008
Spring has failed to live up to its reputation as a peak season for house-hunters this year, according to surveyors’ responses to the Royal Institution of Chartered Surveyors’ monthly market survey that paint a bleak picture of faltering sales and falling prices.
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US market boosted by bargain hunters
10 June 2008
Hopes that bargain hunters might come to the rescue of the stricken US housing market rose yesterday when data showed that pending home sales unexpectedly increased by 6.3% between March and April.
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Buy-to-let landlords 'losing confidence'
9 June 2008
Landlords are losing confidence in the buy-to-let market amid evidence of declining profitability and rising levels of missed rent.
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Home equity loans next threat to US banks
9 June 2008
Home equity loans are rapidly emerging as the next front of the credit crunch, as falling house prices and lax underwriting lead to growing losses for US regional banks that have huge portfolios of such loans on their balance sheets.
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Lenders pummel buy-to-lets
9 June 2008
Buy-to-let landlords are experiencing a repayment shock more severe than the one faced by other borrowers, as lenders raise rates in response to growing evidence of arrears in the sector.
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Homes may come with a bin ban
9 June 2008
New homes buyers should not expect weekly rubbish collections, according to secret Government recommendations to change planning guidelines.
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McKay Securities reports 20% NAV drop
6 June 2008
McKay Securities today reported that its net asset value slumped by 20in the year to March 31.
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Bellway makes 250 redundant
6 June 2008
Housebuilder Bellway is axing 250 jobs across the country after reporting poor sales figures yesterday.
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House prices 'turning into a rout'
6 June 2008
House prices fell for a fourth successive month in May, taking the annual rate of decline to levels last experienced in the early 1990s property slump, a survey by Halifax showed yesterday.
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Bellway says spring season failed
6 June 2008
The housing market is deteriorating at a much faster rate than it did during the recession of the early 1990s, according to house builder Bellway, as expectancy grew in the City that some UK house builders could be forced to raise capital to shore up their balance sheets.
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Northern Rock pushes remortgage business to Lloyds
6 June 2008
Northern Rock has signed a deal with Lloyds TSB, allowing its rival to cherry-pick its best fixed-rate customers so that the nationalised bank can shrink its mortgage book and repay the Bank of England's loan.
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A Private Panacea
06 June 2008
How many consultations does it take to change housing policy?
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Berkeleys Croydon Mayday OK
06 June 2008
Berkeley First, a subsidiary of Berkeley Group, has won planning consent to convert Mayday House, the former Balfour Beatty office in west Croydon into 103 flats, 38% of which will be affordable housing.
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BPF presses for rental rescue remedy
06 June 2008
Federation to lobby housing minister Flint
-
Down but not in distress
06 June 2008
Surveyors report house price fall but still no evidence of distressed selling.
-
First Base to redevelop former Mann & Overton taxi showroom
06 June 2008
First Base has won planning permission to redevelop the former Mann & Overton taxi showroom on Holloway Road in Islington, north London.
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Global inflation slows
06 June 2008
House price inflation continued to slow across the globe in the first quarter of 2008, falling to 6.1% compared with 9.2% in the previous quarter.
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King Sturges Glasgow resi bas
06 June 2008
King Sturge has opened a residential branch office in Glasgow – a market that appears to be defying the slowdown.
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Sovereign buys Welfare Dwellings
06 June 2008
Bedford-based Sovereign Reversions has paid £8m for the Welfare Dwellings Trust, a privately owned property investment company whose portfolio includes 78 life tenancies, 121 shared equity loans and other residential assets.
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Tutti Frutti en route
06 June 2008
Urban Splash has secured planning permission for the first phase of Tutti Frutti, its self-build scheme in New Islington, Manchester.
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DevSecs and Grainger win Birmingham consent
5 June 2008
Development Securities and Grainger have won outline planning consent for a large mixed-use development in Birmingham.
-
Latest Halifax House Price Index says prices down 2.4% in May
5 June 2008
National Index MAY 2008 - house prices down 2.4%
-
Kier’s head of residential resigns
5 June 2008
Kier group’s executive director in charge of housing has resigned from the company.
-
Bellway predicts sales drops of up to 15%
5 June 2008
Housebuilder Bellway is expecting its sales to have dropped by up to 15%, it announced to the stock exchange today.
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CML urges aid to homeowners
5 June 2008
Mortgage lenders are pressing Alistair Darling to step up government aid to homeowners struggling with their loan payments as they unveiled a series of voluntary measures aimed at limiting foreclosures.
-
OECD alert on house prices
5 June 2008
A fall in property prices of about 10% by the end of 2009 will slow Britain’s growth rate significantly and make the economy more vulnerable than most to the global credit crisis, the Organisation for Economic Co-operation and Development said yesterday.
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Lend Lease starts building Olympic Village
4 June 2008
Construction work has started on the Olympic Village, Lend Lease and the Olympic Delivery Authority announced today.
-
Welsh Assembly plans 100-acre regeneration scheme
4 June 2008
The Welsh Assembly is drawing up plans for a major mixed-use scheme on a 100 acre former steelworks plant and sidings site in South Wales to kickstart the regeneration of the run-down area.
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Young workers priced out of housing
4 June 2008
More than a quarter of young working households are unable to get on to the property ladder because of mortgage difficulties and house prices that remain unaffordable.
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Housebuilder Persimmon to axe ‘several hundred’ staff
3 June 2008
Housebuilder Persimmon will make ‘several hundred’ redundancies as it copes with the impact of the housing downturn.
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Newham invites developers for £1.4bn East London development
3 June 2008
The London Thames Gateway Development Corporation and the London Borough of Newham has relaunched its search for bidders to develop a £1bn project next to the Olympics site.
-
Buy-to-let slump revealed by B&B woes
3 June 2008
The first signs of a collapse in Britain's buy-to-let property market emerged yesterday as Bradford & Bingley, the UK's largest lender to private landlords, revealed a 50% jump in arrears on its mortgage book over the first four months of the year.
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B&B stuns City on rights issue
3 June 2008
Bradford & Bingley sent shockwaves through the banking sector yesterday when it took the extraordinary step of renegotiating its £300m rights issue amid concerns it would face a “fight with the underwriters” if it tried to force the offering through on its original terms.
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Refurbishment soar as movers delay
3 June 2008
The cost of home improvements has shot up by a fifth in two years because of rising costs of raw materials and transport and a growing shortage of tradesmen.
-
Mortgage approvals dip again
3 June 2008
Mortgage approvals have more than halved since their peak at the end of 2006, Bank of England data showed yesterday, illustrating the extent to which tougher credit conditions and falling house prices have hit demand.
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LandSecs’ 2.6m sq ft Ebbsfleet plans get go-ahead
2 June 2008
Land Securities has been granted full planning consent for a 2.6m sq ft mixed use development at Ebbsfleet International train station.
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Bristol Council gets go-ahead for major regeneration scheme
2 June 2008
Bristol City Council has got the green light for its development of a 187 acre former airfield in south Bristol.
-
Mortgage approvals to stabilise
2 June 2008
Mortgage approval numbers are expected to have stabilised in April at subdued levels, according to Bank of England data due out today.
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Concern heightens over level of UK mortgage losses
2 June 2008
Concern about UK mortgage losses is starting to rise.
-
Planning submitted for £450m Birmingham’s Eastside development
30 May 2008
Goodman has submitted an outline planning application for its Eastside Locks – a £450m mixed use regeneration scheme in Birmingham city centre.
-
House price dip rocks shares
30 May 2008
House prices have suffered their biggest annual fall since the property slump of the early 1990s, a leading index revealed yesterday, in news that sent shares in some of Britain’s largest home lenders and builders tumbling.
-
New York unveils tallest residential tower
30 May 2008
With the rest of the country still reeling from the worst housing crisis since the Great Depression, New York will today unveil fresh plans for its tallest residential tower.
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British Waterways charts £50m housing sales
30 May 2008
Authority that manages 2,200 miles of waterways seeks disposals advisers
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Build to last
30 May 2008
The future of the residential development sector depends on its ability to withstand choked lending, reduced sales and debt legacy. Mark Farmer explains how companies can survive the downturn
-
London’s ‘super-prime’ continues to attract top dollar
30 May 2008
The top end of London’s residential market continues to show resilience in otherwise dismal trading conditions, judging by deals completed in the last week.
-
Taylor Wimpey cuts cause low
30 May 2008
Shares in Taylor Wimpey, the company formed from the merger between George Wimpey and Taylor Woodrow, fell to an annual low of 103.25p last week, after the announcement of the closure of 13 offices with the loss of 600 jobs.
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The east feels the pinch
30 May 2008
Reduced cash availability and oversupply are taking their toll in the east of England, says Richard Pugh
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The largest-ever residential property auction begins
30 May 2008
The largest-ever residential property auction began yesterday.
-
Timber frame construction climbs
30 May 2008
The market share for timber frame construction rose for the ninth consecutive year to 22% in 2007.
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Tories would rip up Labour housing plans
30 May 2008
Homes and Communities Agency would be reviewed by Conservatives
-
New chairman for Barratt Developments at 'challenging time'
29 May 2008
Barratt Developments has appointed Bob Lawson as its new non executive chairman.
-
Lenders raise cost of fixed-rate mortgages
29 May 2008
Two of the country’s biggest lenders yesterday pushed up the cost of their fixed-rate mortgages – sparking fears that continued market uncertainty will force other lenders to start pulling mortgage deals once again.
-
Spanish houses plummet 36%
29 May 2008
The downturn in Spain’s residential housing market is gathering pace, as tightening credit conditions exacerbate already weak demand among first-time buyers and holiday home investors. Figures yesterday showed that house sales completed in March dropped 36 % year-on-year, to 102,900 units. This compares with an annual decrease of 27% in January.
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Telford Homes up 31%
29 May 2008
Telford Homes, the East London residential developer, reported a 31% rise in full-year pretax profits to £17.7m, as revenues rose by 54% to £160.4m, helped by strong sales.
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Morgan Stanley's cash boost for Manchester's Ask
28 May 2008
Morgan Stanley Real Estate has injected £20m of cash into Manchester–based Ask Developments.
-
Estate agents lose commission ruling
28 May 2008
Estate agents have lost the right to commission if a buyer to whom they show a property then makes an offer through another joint agency.
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Slight rise in mortgage approvals
28 May 2008
Mortgage approvals for new home purchases picked up slightly in April but remain nearly 40% below the levels of a year ago, according to the latest lending data from the British Bankers’ Association.
-
US house prices suffer record annual fall
28 May 2008
The gloom enveloping the US housing market intensified yesterday as home prices dropped at the fastest annual rate since records began 20 years ago.
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Countryside green light for giant Cambridge housing development
27 May 2008
Countryside Properties has won planning for a 2,300 home development on the edge of Cambridge.
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Property 'stabilising' says NAEA
27 May 2008
Property sales are stabilising despite shaky consumer confidence and the widening gap between supply and demand, according to estate agents.
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Overdue mortgages jump sharply
27 May 2008
More than a fifth of UK home buyers with a chequered credit history have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies in the first three months of this year.
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Grainger ups dividend
23 May 2008
Grainger, the residential housing developer, raised its interim dividend by 10% to 2.27p a share after a 26% rise in half-year operating profits to £48.2m.
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US house prices slump
23 May 2008
The Office of Federal Housing Enterprise Oversight, the US house price index, said prices fell by 3.1% in the first quarter, against last year, the sharpest quarterly decline in the index’s 17-year history.
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Delph to pull out of central London in £150m flats sale
23 May 2008
Firm will focus investment in new-build schemes in regional cities
-
Housebuilders slam £200m government fund
23 May 2008
Housebuilders have questioned the government’s commitment to helping the housing market following its announcement of a £200m fund to purchase unsold new homes and then rent them to social tenants or make them available on a shared-ownership basis.
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Sale-and-rent-back companies are cashing in on homeowners’ woes
23 May 2008
Our five-part series on the credit crunch concludes with a look at a sector benefiting from others’ hard times.
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Sun sets on Oracle’s empire as Ballymore and Barratt pay £40m
23 May 2008
Oracle Residential has raised £40m from the sale of two former Sun Chemical industrial sites to housebuilders Ballymore and Barratt Development.
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Government announces 400,000 new homes in Yorkshire and Humber
22 May 2008
More than 400,000 homes will be built in Yorkshire and Humber by 2026, the government has announced.
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Rising rents are the next housing crisis BPF warns
22 May 2008
Soaring rents will be the next crisis to hit the housing market, the British Property Federation warned today.
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Langtree joint venture gets green light at Durham coalfield
22 May 2008
A joint venture between Langtree and English Partnerships has received planning permission to redevelop 30 acres near Durham.
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CML predicts 7% fall in house prices
22 May 2008
House prices will fall about 7% this year, with no prospect of the mortgage lending market recovering in 2008, the Council of Mortgage Lenders has warned.
-
Residential lettings pick up
22 May 2008
The residential lettings market is accelerating as tighter credit conditions and the uncertain price outlook make it more difficult to buy or sell property, according to an industry survey published today.
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House builders face 'mass job cuts'
22 May 2008
British housebuilders are preparing for mass job cuts as the industry faces the worst housing slump in more than a decade, the chairman of the Home Builders Federation said.
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Tchenguiz buys first UK commercial property for two years
21 May 2008
Vincent Tchenguiz has made his first commercial property purchase in the UK for almost two years.
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‘Perverse taxes’ hitting housing delivery says government report
21 May 2008
A report by the Communities and Local Government Committee has said 'perverse' taxes have damaged the Government's efforts to deliver housing and improve the supply of rented homes.
-
Second homes sell-off likely
21 May 2008
Demand for second homes in Britain will 'plummet' over the next two years as up to 25% of owners with more than one property sell up in response to falling property prices.
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HBOSs £500m mortgage move 'encouraging'
21 May 2008
HBOS, Britain’s largest mortgage lender, yesterday completed the first mortgage securitisation since the credit markets seized up in August last year.
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MPs urge more rented housing
21 May 2008
More needs to be done to increase the supply and quality of rented housing, says the Commons communities and local government committee. Financial Times
-
First Direct tightens rules new mortgages
20 May 2008
First Direct, which stopped offering some mortgages last month because it was swamped by huge volumes of new applications, has resumed lending to new customers. Financial Times
-
B&B plunges 16% on housing concerns
20 May 2008
A fresh bout of share selling pummelled Bradford & Bingley yesterday, driving its stock price down 16% to an eight-year low. Financial Times, Daily Telegraph
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BPF urges councils to boost build-to-let
19 May 2008
The British Property Federation has called for local councils to promote the buy-to-let sector now rather than wait for legislative reform.
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House sales 'to slide by a third'
19 May 2008
The number of house sales could slide by more than a third this year unless economic circumstances improve, according to the RICS. Financial Times, Daily Telegraph
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London house prices 'resilient but not immune'
16 May 2008
Jones Lang LaSalle has said that London house prices are fairing better than most in the current climate.
-
Sustainability pushed up housing agenda
16 May 2008
Sustainable development is to be given the same level of importance as improving the supply and quality of housing in an amendment to the housing and regeneration bill to be tabled today. Financial Times
-
House prices continue down
16 May 2008
House prices fell by an average of 0.2% in March, according to the latest survey from Hometrack, the property information group. Financial Times
-
Housing starts down a quarter
16 May 2008
Builders began work on 32,100 homes in England in the first quarter — 24% below the same period in 2007 and the lowest figure since 1996, according to the Department for Communities and Local Government. Despite this, Caroline Flint, the Housing Minister, said that government targets for building 240,000 new homes a year by 2016 were 'challenging, but remain achievable'. The Times
-
A costly lesson
16 May 2008
The demise of seminar group Inside Track is a salutary tale for the buy-to-let world.
-
Barratt's first zero-carbon home
16 May 2008
Barratt Developments claims to be the first volume housebuilder to build a zero-carbon home after housing minister Caroline Flint unveiled the house yesterday at the Building Research Establishment Innovation Park in Watford.
-
Delph tucks into Modus’s Friars Walk in Newport
16 May 2008
Residential investment company pays £25m for housing element of developer’s mixed-use scheme
-
Repos on the rise
16 May 2008
An increasing number of homeowners are in danger of losing their homes because of the credit crunch, as government figures show that court orders for repossession have risen sharply this year.
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Boyes packs his trunk and heads to Elephant & Castle
15 May 2008
Lend Lease’s Mark Boyes has been appointed to act as project director at the Australian company’s £1.5bn Elephant & Castle development in south London.
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To buy or rent? That is the question...
15 May 2008
Andy Teacher from the BPF talks to Simon Mayo on BBC FIVE. The question - is it better to rent in this market?
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Money for homes not enough says HBF
15 May 2008
Measures to help prop up the faltering housing market were welcomed in some quarters but stopped short of the drastic action demanded by the industry.
-
HSBC mortgage offer unlikely to break deadlock
15 May 2008
A limited offer for low-rate home loans is unlikely to break the deadlock in the mortgage market, say brokers. Financial Times
-
OFT eyes sale and rent back sector
15 May 2008
Growing criticism of companies that buy poor people’s homes at a discount and then rent them back under tough terms has triggered an inquiry by the competition watchdog. Financial Times, The Times
-
More than a quarter of homes bought are terraced
09 May 2008
Figures released today by the Nationwide Building Society show that more than a quarter of all homes sold in the UK are terraced houses.
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Humberts rescue plan wobbles
14 May 2008
Humberts, the troubled estate agency, is struggling to implement its financial rescue package.
-
Developer picked for Romford scheme
14 May 2008
Developers Orion Land & Leisure with First Base have been selected to develop a mixed use scheme in Romford, Essex.
-
Sales slump at Redrow
14 May 2008
Housebuilders lost yet more ground as Redrow told investors its sales in the past four months had halved compared with 2007. Financial Times, Daily Telegraph
-
A&L to slash £4bn from mortgage market
14 May 2008
Alliance & Leicester is on course to pull £4bn of capacity out of the UK’s already undersupplied mortgage market this year, heaping more misery on home buyers. Financial Times, Daily Telegraph
-
Flint gaffe exposes government concerns
14 May 2008
Caroline Flint, housing minister, added to the government’s economic problems yesterday.
-
Flint blunder exposes government’s housing fears
13 May 2008
The Government’s fears that house prices could drop by 10% at best were accidentally exposed today by Housing Minister Caroline Flint.
-
Falling prices fuel house price spiral fear
13 May 2008
A growing belief that property prices are falling is deterring both sellers and buyers, leaving UK housing market conditions at their loosest since the mid-1990s, according to a survey published today. Financial Times, The Times, Daily Telegraph, The Independent
-
Nationwide raises overdraft rates ahead of regulation
12 May 2008
Nationwide has become the latest institution to hit current account customers, announcing a 3% rise in overdraft interest rates despite the Bank of England’s decision to keep rates on hold. Sunday Times.
-
House prices inflation down
12 May 2008
Figures from the Department for Communities and Local Government, due out tomorrow, are tipped to show annual house price inflation down to 3.9% in March, from 6.7% in February. The Times
-
Halifax restricts small deposit deals to account holders
12 May 2008
Halifax will from tomorrow force borrowers with small deposits who do not use a broker to open a current account before they can get a mortgage. Sunday Times
-
Building Society moves to plug rate fix dodge
12 May 2008
Norwich & Peterborough has moved to stop big borrowers locking in to low-rate deals in advance. Sunday Times
-
Mortgage repossession orders rise by 17%
9 May 2008
The government has revealed that the number of mortgage repossession orders made in the first quarter of the year is 17% higher than the same period in 2007.
-
'No going back' to old mortgage ways
9 May 2008
The damage caused by the credit crisis to the mortgage market is irreversible, the head of Britain’s building societies said yesterday. Daily Telegraph, Independent
-
Package aims to help avoid loss of homes
9 May 2008
A package of measures to bolster beleaguered homeowners will be announced today in a sign of growing government alarm about the fall-out from the housing slowdown. Financial Times
-
Call to scrap HIPS
9 May 2008
The government was urged to abandon home information packs yesterday after announcing a delay to their final roll-out. The Department for Communities and Local Government said it was delaying until the end of the year the requirement for homeowners to have a 'Hip' before they market their property. Financial Times
-
‘Studentification’ strikes
09 May 2008
The supply of purpose-built student accommodation is falling behind demand, says Jacqui Daly
-
Bach’s Swindon ballroom partner
09 May 2008
Plans to regenerate the derelict Locarno ballroom in Swindon’s Old Town were boosted last week when developer Bach Homes brought retirement home specialist McCarthy & Stone on board to develop half of the 120 homes in the mixed-used project, which secured planning permission earlier this year.
-
Grainger sells in Barnsbury
09 May 2008
Grainger has sold a former adult education centre and council offices on Offord Road, Barnsbury, north London, to Mount Anvil for £24.52m.
-
Humberts’ Hubris
09 May 2008
165-year-old Humberts has been on an ill-fated expansion spree.
-
Nice finds room for £200m fund launch
09 May 2008
Developer-manager to approach institutions for house-share expansion
-
St George marketing part of the Battersea Reach scheme
09 May 2008
St George is marketing a 17-storey tower with 40 flats for sale at £829,950 upwards, a year before construction completes. It is part of its south London Battersea Reach scheme.
-
Sustainable threat to small developers
09 May 2008
Lack of publicity about the implications for residential developers of the Code for Sustainable Homes risks putting smaller housebuilders at a competitive disadvantage, a specialist development financier has warned.
-
Tesco exits online estate agency
09 May 2008
Tesco’s attempt at online estate agency is over after less than a year. The retailer announced last week that it was in ‘final negotiations’ to sell the business to Spicerhaart.
-
Government to establish ‘new code’ for controversial HIPS
8 May 2008
Housing minister Caroline Flint today introduced a package of new measures that will lead to the introduction of a new ‘industry code’ governing the much-maligned Home Information Packs (HIPS).
-
Bank of England holds interest rate and reveals rise in property lending
8 May 2008
The Bank of England’s Monetary Policy Committee has held interest rates at 5% today.
-
Birmingham’s Newtown housing scheme gets green-light
8 May 2008
Birmingham City Council has granted planning permission for an affordable housing scheme in the city’s Newtown district.
-
Top London homes prices fall
8 May 2008
The value of upmarket housing in London is coming under pressure because of economic uncertainty and the squeeze on City jobs, says Savills, the property agent. Financial Times
-
Quarter of lenders not passing on rate cuts
8 May 2008
More than one in four mortgage lenders have failed to pass on April’s interest rate cut to borrowers, figures showed yesterday. Daily Telegraph
-
Howard and MuniMae raise $175m for South African housing fund
7 May 2008
Irish investor Howard Eurocape and US financial services company MuniMae have completed the initial fundraising for their $1bn (£500m) affordable housing fund in South Africa.
-
Bovis warns as buyers disappear
7 May 2008
Home sales are falling through at a 'significantly higher' rate, Bovis Homes warned, as British lenders make mortgages harder to secure. Financial Times, The Times, Daily Telegraph, Independent
-
Home prices 'to drop 10%'
7 May 2008
Lloyds TSB, the country’s fourth largest mortgage lender, heaped new misery on homeowners yesterday after forecasting a 10% fall in house prices over two years. Daily Telegraph
-
English Partnerships to simplify housebuilders’ bidding process
6 May 2008
English Partnerships has today announced a new scheme to make it easier for developers to bid for its sites.
-
Experts foresee more house price falls
6 May 2008
Most economists believe house prices will continue to drop this year although they differ on the extent of likely declines. Financial Times.
-
Repossessions 'to hit 17 year high'
6 May 2008
The number of properties being repossessed has soared as the effects of the credit crunch push court orders from banks and building societies to record highs, figures will show this week. The Independent
-
Unite gets green light in Oxford and Edinburgh
2 May 2008
The London listed student housing operator has won planning consent for 604 beds in its schemes at Slade Park in Oxford and at Chalmers Street in Edinburgh. Unite is planning to spend £57m to develop both schemes.
-
UK house prices see annual fall
2 May 2008
UK house prices saw an annual fall of 0.9% in April, according to The Halifax - the UK's biggest mortgage lender.
-
In part two of Market Watch 2008, Leeds’ land values are shifting
02 May 2008
Leeds has been dismissed as the empty flats capital of the UK. King Sturge’s Guy Ackernley sticks his neck out in defence of the city’s market, while Doug Morrison reveals how its land values are shifting
-
Russia’s Mirax lands in London
02 May 2008
Russian billionaire Sergey Polonskiy’s Mirax Group has made its UK debut at a luxury central London residential scheme.
-
Slump forces City Island to rent out rather than sell
02 May 2008
Middle Eastern backers of scheme turn down ‘bulk’ sales of second phase. Doug Morrison reports
-
Weak lines of enquiry
02 May 2008
New-buyer enquiries have hit fastest rate of decline since March 2003, says Josh Miller
-
Halifax House Price index
1 May 2008
House prices fell by 1.3% in April. Prices were 0.9% lower on an annual basis.
-
Housing market weakness stretches into April.
1 May 2008
House prices fell for the sixth consecutive month in April
-
Balfour Beatty buys US military homes business for $350m
1 May 2008
Balfour Beatty has bought a military accommodation business GMH Military Housing from US investment trust GMH Communities.
-
Abbey offers mortgage rate cheer
1 May 2008
Abbey is to reduce its rates for some mortgages, partly in response to the Bank of England’s liquidity scheme which will inject £50bn into the mortgage market. Financial Times
-
House prices down 1%
1 May 2008
Nationwide’s measure of house prices has suffered its first annual fall in 12 years. Prices are now 1% lower than this time last year, taking £1,759 off the average price of a home in Britain, which is £178,555. The Times, The Independent
-
Tesco to sell its estate agency business
30 April 2008
Tesco is in talks to sell its internet estate agency business to Spicerhaart, one of London and the south east’s largest independent estate agencies.
-
LandSecs buys Essex land for housing led scheme
30 April 2008
Land Securities has entered into a 50:50 joint venture with social housing provider Places for People and is set to agree a land purchase for housing development in Essex.
-
Mortgage approvals plummet
30 April 2008
Mortgage approvals fell in March to levels not seen since the property slump of the early 1990s, Bank of England figures revealed yesterday. Financail Times, The Times, The Independent.
-
Terrace Hill gets green light for Southampton scheme
29 April 2008
Terrace Hill has won planning for its £70m Mayflower Plaza development in Southampton.
-
Inside Track goes into administration
29 April 2008
Property seminar company Inside Track has gone into administration – citing the impact of the credit crunch as the cause.
-
Two weeks left to sign up for tax summit
29 April 2008
Property Week is offering readers a completely free ‘heads up’ to the introduction of the Government’s new tax on development – the Community Infrastructure Levy or CIL.
-
House prices dipped 0.4% in March
29 April 2008
House prices fell for the second consecutive month in March, according to official figures. The Times
-
Mortgage deposit demands increased
29 April 2008
The practice of allowing first-time home buyers to put down a deposit of as little as 5% appears to be nearing an end as mortgage lenders take further steps to tighten lending requirements amid the credit crisis. Financial Times, Daily Telegraph, The Independent
-
Private investor property funds turn the tide
28 April 2008
Private investor property funds saw a net inflow of cash in March for the first time since last September.
-
Negative equity fears' overplayed'
28 April 2008
Britain will escape a repeat of the negative equity crisis of the 1990s unless there is an unprecedented fall in house prices, according to analysis that suggests talk of a disastrous housing slump is overplayed. Financial Times (Saturday)
-
House prices 'could fall 25%'
28 April 2008
House prices could fall by 25% if the credit crunch persists, with the market declining by 10% this year and by a further 15 percentage points in 2009, a new study suggests. The Times
-
House prices show 'symbolic' annual fall
28 April 2008
The first evidence that the average home is worth less than it was a year ago is disclosed in a report today, sparking fears that hundreds of thousands of homeowners could be plunged into negative equity. Daily Telegraph, Financial Times
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Persimmon throws spanner in housing works
25 April 2008
Ambitious government targets to ease housing shortages and help first-time buyers into homes look 'increasingly unrealistic' as the mortgage crisis hits house building around the country, ministers were told yesterday. Financial Times, The Times, Daily Telegraph
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English village looks to Welsh future
25 April 2008
An English village is holding a referendum on becoming part of Wales. Daily Telegraph
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Private rented property demand lifts market
25 April 2008
Investment Property Databank’s index reflects an upbeat residential investment sector, but one that is tiny compared with other countries.
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Resi investment sector returns 17% in 2007
25 April 2008
Investment Property Databank index shows market eclipsed equities and bonds last year
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Stashing the cash
25 April 2008
Can the Bank of England’s £50bn lifeline revive the housing market, asks Doug Morrison, beginning our series on residential property and the credit crunch
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West Midlands and Liverpool housing markets are wobbling
25 April 2008
Repossessions and wobbly values disturb the West Midlands and Merseyside markets, says John Page
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Lenders reject loan rate cut calll
23 April 2008
Lenders yesterday told Alistair Darling that they could not throw an immediate lifeline to beleaguered mortgage holders by passing on cuts in the base rate – and warned that repossessions could rise in the coming months. Financial Times, The Times, Daily Telegraph
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Europe’s lenders 'most cautious' over property in UK, Ireland and France
22 April 2008
European banks are most cautious about lending on development in the UK, Ireland and France, said CB Richard Ellis in a report today.
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Plans for residential redevelopment of Battle of Britain base submitted
22 April 2008
VSM Estates, a joint venture between St Modwen Properties and Vinci, has submitted a detailed planning application for the redevelopment of a former RAF base in Harrow.
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Bank action 'unlikely to prompt mortgage cuts'
22 April 2008
Mortgage costs are unlikely to fall despite a £50billion bail-out for banks and building societies, home owners were warned last night. Daily Telegraph
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Arun District Council planning eco-town inquiry
21 April 2008
Arun District Council said today it was considering holding its own public inquiry into Government plans for the siting of an eco-town in West Sussex.
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HSBC seeks to refinance HQ sale debt
21 April 2008
HSBC is to go back to the debt markets for the second time in little more than six months to try to refinance the £810m of debt it provided for the sale of its Canary Wharf headquarters. Daily Telegraph
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Homeowners setting lower asking prices
21 April 2008
Rightmove, the property website, said homeowners are setting asking prices at about 10% below their peak and added that the supply of houses being put up for sale has outstripped demand in the past three months, the first time this has happened in the past six years. The Times.
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House prices 'set for 10% fall'
21 April 2008
House prics are set to fall by as much as 10% over the next two years, a top economic forecaster will warn this week. Sunday Telegraph
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Second homes owners find silver lining
21 April 2008
Homeowners are repatriating millions of pounds of equity from second properties in Europe to take advantage of the strong euro, the government’s recent capital-gains tax changes, and to protect themselves from the global credit crunch. Sunday Times
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Morgan Stanley sees 10% facing negative equity
18 April 2008
House prices will fall by 15% in the next two years, pushing one in ten homeowners into negative equity, a leading investment bank has forecast. The Times
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Auction houses rally in face of downturn ...
18 April 2008
Cushman & Wakefield and Barnett Ross post 80% success rates
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Grade II punk squat
18 April 2008
A residential block that was previously squatted in by punk rockers Sid Vicious and Johnny Rotten in the 1970s has been redeveloped. The grade II-listed building in Hampstead, north London, has been turned into 25 one-bed flats and seven two-bed flats. MDA was project manager for Genesis Housing Group and Paddington Church Housing Association.
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Jersey office sale proves Channel Islands are Hotbed
18 April 2008
Hotbed, the UK’s largest private investor syndicate manager, has bought a Jersey office building for £12.5m from Legal & General.
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Multiple occupation warning
18 April 2008
A government clampdown on houses in multiple occupation could damage housing supply, says the British Property Federation.
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Spanish tax overpayment could reap Britons £37m
18 April 2008
Possibility of large-scale class action against Spanish government over 20% ‘tax trap’
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Threadneedle planning to convert unit trust
18 April 2008
Fund manager Threadneedle is set to take advantage of new legislation to try and attract more people to its private investor funds.
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Yoo and me against the world
18 April 2008
As if hitting Brazil, India and Macau was not enough for Yoo founder John Hitchcox, he is this month launching the company’s first all-rental project in New York and looking to raise £50m for a new fund.
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Residential property returns robust in 2007
17 April 2008
The UK residential investment market delivered strong returns in 2007, outperforming commercial property, bonds and equities, according to figures from IPD.
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Bank nears mortgage funding deal
17 April 2008
The Bank of England is close to agreeing a plan designed to ease the mortgage funding drought. The Times
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Woolwich hikes rates and fees for buy-to-let
17 April 2008
Woolwich, the mortgage arm of Barclays, will increase rates for buy-to-let investors from today. The Times
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Barclays keen on new mortgages
16 April 2008
Barclays said yesterday it was 'wide open' for new mortgage business at a time when other lenders were reining back because of the credit squeeze. Financial Times
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Banks warn Brown on mortgages
16 April 2008
The credit crisis is so severe that dozens of smaller lenders could be forced to stop offering new mortgages unless the government intervenes, leading bankers told Gordon Brown yesterday. Financial Times
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House 'prices fall 1.6%' says DCLG
16 April 2008
Perceptions of a looming house price correction gathered pace yesterday as official figures showed a 1.6% fall in prices in February. Financial Times, The Times
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Housing slump blamed as Edward Ware Homes pulls out of Gloucester scheme
15 April 2008
Edward Ware Homes has pulled out of plans to redevelop the Greyfriars site in Gloucester.
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House prices set to drop 15% says investment bank
15 April 2008
House prices in Britain are likely to fall by about 15% over the next two years if conditions in the mortgage market do not improve, leading to a sharp increase in banks’ bad debts, Morgan Stanley predicted yesterday. Financial Times, The Times
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Property value falloff continues to slow
14 April 2008
Total returns from commercial property fell again last month, but the rate of decline continued to slow.
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Buy-to-let investors to be hit
14 April 2008
Buy-to-let landlords will have to raid their savings and inject extra capital into their homes, under an obscure clause in their mortgage contracts, if house prices continue to fall. Daily Telegraph
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Parents set for higher re-mortgage cost
14 April 2008
Parents could find they are no longer able to use their home as a cash machine for the kids as lenders become more reluctant to allow homeowners to gear up against their properties. Sunday Times
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First-time buyers to face higher costs
14 April 2008
First-time property buyers face a substantial rise in interest rates and mortgage arrangement fees compared with this time last year, according to analysis by the mortgage advice website mform.co.uk. Independent on Sunday
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Reduced choice drives out buyers
14 April 2008
Product comparison site Moneysupermarket.com says that, while borrowers could choose from 30,107 mortgages last August, now there are just 7,121. The Observer.
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Flood insurance warning
14 April 2008
A fresh agreement that the insurance industry will continue to provide cover to homeowners and businesses at risk of flooding is by no means guaranteed, insurers have warned. Finncial Times (Monday)
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Lenders kill off cheap trackers
14 April 2008
Lenders in effect killed off cheap two-year trackers for new borrowers last week, with the average rate now at 7.26% - above Halifax’s benchmark standard variable rate of 7%. Sunday Times
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Bank of Scotland buys 40% stake in housing developer
11 April 2008
Bank of Scotland Corporate's joint ventures business has bought a 40% stake in Tulloch Homes Group in for £27.5m as the Scottish housing market looks set to outperform the national average.
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Base rate cut not passed on to customers
11 April 2008
A number of lenders increased the price of their short-term mortgage deals yesterday, in spite of the cut to the base rate, indicating that costs would remain high for new borrowers. Financail Times, Daily Telegraph, Independent
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Back for seconds
11 April 2008
The government should be more sympathetic to second-home owners, says Lucian Cook
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Barratt’s £250m property U-turn
11 April 2008
Housebuilder set to sell Wilson Bowden Developments after buying firm last year
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Leicester eco-town plan is ‘deeply cynical’
11 April 2008
MP says Co-op and government plan is ‘reheated planning application’
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Savills prepares for rise in repossessions
11 April 2008
Adviser creates Savills Recovery Services in anticipation of defaults
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Still Early days
11 April 2008
Former Amec chairman John Early aims to raise the bar for eco-friendly urban development with his new Genr8 venture.
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Mortgage costs to rise despite interest cut
10 April 2008
Banks are continuing to increase mortgage rates despite expectations that the Bank of England will cut the base rate by at least a quarter-point. The Times, The Independent
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UK estate agent Hamptons expands to Morocco
9 April 2008
UK estate agent Hamptons International has expanded its international business with the opening of an office in Casablanca, Morocco.
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English Partnerships seeks developer for Yorkshire site
9 April 2008
English Partnerships is looking for a partner to develop 48.2 acres of land in Yorkshire under the government’s Carbon Challenge scheme.
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Falling prices hit house builders
9 April 2008
House prices are now lower on average than they were a year ago, Halifax, the UK’s biggest mortgage lender, said yesterday in a report that invited parallels with the 1990s housing slump and fuelled hopes of a cut in interest rates this week. Financial Times, Daily Telegraph
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IMF warns of 10% house price fall
9 April 2008
House prices could fall in Britain by as much as 10% in the coming year, the world’s leading economic authority warned yesterday. Daily Telegraph
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HSBC seeks to exploit weakness
9 April 2008
HSBC is preparing to exploit rivals’ weakness in the mortgage market with an audacious offer to match homeowners’ existing deals. Financial Times
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Brown moves to shore up confidence
9 April 2008
Gordon Brown yesterday battled to shore up confidence in the housing market as new figures showing a 2.5% monthly fall in house prices raised the prospect of a politically damaging slump. Financial Times
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Pressure mounts for rate cut
9 April 2008
The Bank of England is under intense pressure to cut interest rates again tomorrow after house prices fell by the biggest margin since the early 1990s crash and ministers tried to prevent a spate of repossessions. The Times, The Independent
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Chelsea Barracks plans revealed
8 April 2008
Project Blue, the joint venture between Christian Candy’s CPC Group and Qatari Diar, has submitted the planning application for the redevelopment of Chelsea Barracks.
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Copper thieves targeting empty property
8 April 2008
America's crumbling housing market is suffering a further battering as thieves rip apart homes in search of copper wiring and pipes according to The Times.
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House prices suffer worst fall since 1992
8 April 2008
House prices have fallen by 2.5% during March according to the Halifax - the biggest monthly fall since the 1990s house price crash.
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New Star launches first Sharia private investor fund
4 April 2008
New Star Asset Management has teamed up with a Dubai-based bank to launch a Sharia compliant property fund for Middle Eastern investors.
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Chelsea power show
04 April 2008
Developers Trevor Osborne and Harry Handelsman believe there is still demand for high-end living.
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Decline and fall
04 April 2008
Tightening mortgage conditions are hammering housing, writes Josh Miller
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Fairview on track in Kent
04 April 2008
Fairview New Homes has bought a 3.75 acre rail goods yard in Kent for residential development.
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First Base pumps £220m into the heart of Greenwich
04 April 2008
London-Wide Initiative scheme will comprise 645 homes built in grounds of former hospital
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Fund outflows stemmed as market bottoms out
04 April 2008
There was an 11-fold decrease in monthly outflows from private investor funds in February, showing that many private investors feel the market may have reached a nadir.
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Funds shun ‘REIT status’
04 April 2008
Private investor fund managers have cautiously welcomed legislation that allows similar tax status to REITs, although none have yet decided to convert.
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House sales stay low for second month
04 April 2008
Housing sales remained low in February for the second month in a row, according to the latest statistics by the British Bankers’ Association.
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Strutt & Parker fund to fill development gap
04 April 2008
SPREF aims to raise £60m from private investors for development
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Rents to suffer ‘short sharp shock’ in 2008
3 April 2008
Property shares are likely to suffer today after Lehman Brothers released a gloomy research note on the sector.
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Bristol elderly homes development completed
3 April 2008
Guinness Housing Trust, a Bristol City Council housing partner, has completed a development for the vulnerable elderly as a part of a wider Bristol regeneration programme.
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Humberts sells management business to Tchenguiz
3 April 2008
Humberts has sold its Farleys Management Business to Vincent Tchenguiz’s Peverel Group.
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Wilson Bowden kicks off Chesterfield stadium plans
3 April 2008
Wilson Bowden has submitted plans for a football stadium-led regeneration of a 22-acre site in Chesterfield.
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Beetham’s Southwark Tower called in
1 April 2008
Secretary of State Hazel Blears has called in plans for the Beetham Tower’s £600m tower in Southwark on the south side of Blackfriars Bridge in London.
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Slowing UK construction industry will cause housing headache says RICS
1 April 2008
A slowing housing market that is hitting the UK construction industry will make it even harder for the Government to reach its housing targets, says the RICS.
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House sales remain low for second month
28 March 2008
Housing sales remained low for the second month in a row, according to the latest statistics by the British Bankers' Association.
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Allsop calls for ‘rented’ use class
28 March 2008
Allsop has joined the growing band of property firms calling on the government to introduce a separate planning use class for newly built private rented housing.
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Code to help sale and rent back
28 March 2008
An Office of Fair Trading (OFT) investigation into the sale and rent back of homes by people as an alternative to repossession has been welcomed by landlords seeking to clean up this area of the housing sector.
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Demolition last week started at Packington Square
28 March 2008
The 1969-built council estate in Islington, north London, in preparation for Hyde Group and REAL’s £109m development. The scheme, which will be phased over eight years, will feature 538 affordable housing units, 301 flats for private sale, shops and a community centre.
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EP invites Silverdale proposals
28 March 2008
National regeneration agency English Partnerships has invited developers to submit proposals for 300 homes on the 23 acre former Silverdale Colliery in Newcastle-under-Lyme, Staffordshire.
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Global property the New Star at fund manager
28 March 2008
Global property was the saving grace of fund manager New Star Asset Management in 2007, partly offsetting problems in its UK property business.
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Leighton prunes English Rose sites
28 March 2008
Leighton & Henley has swooped on a rare development site in London’s Marylebone.
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Liverpool resi scheme collapses
28 March 2008
A troubled north-west developer’s problems deepened this week after another of its residential sites in Liverpool’s Baltic Triangle area was placed into receivership.
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New green targets for London schemes
28 March 2008
Developers are advised to learn what could become the mayor of London’s new mantra from next month ‘Reduce, reuse and recycle’ when his planning powers are extended.
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Rutley’s Brazil rush
28 March 2008
The private investor fund manager arm of Knight Frank aims to launch a Brazilian property fund to take advantage of one of the world’s fastest-developing economies.
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Second coming of crunch bites Allsop
28 March 2008
Auction success rate dips back to 73% but £83m still raised
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South-west prices to gain 3% against trend
28 March 2008
Regeneration policy, second homes and students keep region buoyant
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UK housing market 'to hit for 30 year low'
26 March 2008
Activity in the UK housing market is set to fall to its lowest level in more than 30 years, according to a leading estate agent. Daily Telegraph
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Crest Nicholson’s submits £500m Southampton Riverside plans
25 March 2008
Crest Nicholson has submitted a planning application to Southampton City Council for the redevelopment of the former Vosper Thornycroft site in Woolston, Southampton.
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£4.5bn Cricklewood regeneration plans submitted
25 March 2008
The plans for the £4.5bn regeneration of Cricklewood town centre in north London have been submitted to Barnet Council today.
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Helical Bar and Grainger exchange contracts in Hammersmith
20 March 2008
Helical Bar and Grainger have exchanged contracts with Hammersmith & Fulham council to develop a £180m mixed use scheme.
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Beckham signs for Brazil scheme
20 March 2008
Cushman & Wakefield’s residential and hospitality arms have been appointed to advise on a David Beckham-backed scheme in Brazil.
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Cushman partners Oslo firm for €600m east Euro resi fund
20 March 2008
Realkapital and Cushman & Wakefield Residential start €600m fundraising
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Delph takes Imperial’s £23m resi crown in Southampton
20 March 2008
Property group understood to have bought block of flats at developer’s East Park Terrace scheme
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Native Land grab record prices
20 March 2008
Native Land has claimed to have achieved record prices of £950/sq ft for the eastern fringe of the City of London after selling all 14 luxury flats at its St Botolph’s scheme in Spitalfields. The Matthew Lloyd Architects-designed development is due for completion in October. Native Land director James Henderson said the sales of the studio, one- and two-bed flats took six weeks.
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Repo men
20 March 2008
Allsop’s repossession-flooded catalogues are keeping its auction rooms packed.
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Steady as they go
20 March 2008
London and Scotland aside, land values are likely to remain static, says Charles Solomon
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Urban Splash hits Scots seaside town
20 March 2008
Urban Splash has been chosen to develop a £70m seaside community on the west coast of Scotland, it was announced last week at MIPIM.
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Welsh developer goes bust
20 March 2008
A Welsh housing developer has gone into administration.
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Savills predicts City bonus cuts will impact on property
19 March 2008
Savills has given warning of sharp price falls for multi-million-pound Central London flats and houses this year and next, reversing a forecast made last autumn.
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Cheap mortgage era 'is over'
19 March 2008
The era of cheap mortgages is over, senior Treasury officials said yesterday, as consumers were warned that the financial crisis will affect Britain for at least another year. Daily Telegraph
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Manchester plans 4m sq ft ‘Harley Street of the North’
17 March 2008
Grangefield Estates has submitted plans for a 4m sq ft health services-led mixed use development in Manchester which it has dubbed the ‘Harley Street of the North’.
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MIPIM 2008: Plans unveiled for Western Europe's tallest mixed-use building
14 March 2008
Hermitage has unveiled plans for the tallest mixed-use building in Western Europe.
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Nesting birds disrupt Leeds housing project
14 March 2008
Construction has been disrupted on a multi-million pound Leeds housing project – because the first residents to move in were a nesting pair of song thrushes.
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Barratt’s East End resi shed
14 March 2008
Barratt Developments has paid landowner RFF £4.35m for its warehouse on 0.38 acres at 10-22 Dunbridge Street in Bethnal Green, east London.
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Brown will go down
14 March 2008
Savills’ Yolande Barnes predicts a freefall in the value of brownfield land in 2008
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Hometrack’s land warning
14 March 2008
Hometrack has slammed the government for its ‘limited understanding’ of how land for new housing feeds into the market.
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How the land lied
14 March 2008
A correction in inflated land values could lead to a severe slowdown in the housebuilding sector. Doug Morrison reports on a potential crisis in the making
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Mulryan buys London site as West heads south
14 March 2008
Upmarket north-of-England developer acquires Thamesside site near Blackwall Tunnel
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Prupim and Berkeley go Green
14 March 2008
St Edward Homes, a joint venture between Prupim and Berkeley, won approval last week from Reading Borough Council for Green Park Village.
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Roadshow for tallest resi tower
14 March 2008
Shelbourne Development began a five-city Asian roadshow this week to market the Chicago Spire, the world’s tallest residential tower, after an encouraging response from investors in the US and Ireland.
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Sadek: CBRE will ‘shift paradigm’ in regeneration advice
14 March 2008
CB Richard Ellis has unveiled plans for ‘a market-led service’ to tap the estimated £35bn spent annually in the regeneration sector.
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Covent Garden's tallest building could be turned into apartments
13 March 2008
The tallest building in London’s Covent Garden looks set to be converted into prime residential flats by Achilleas Kallakis’s Pacific Group
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Welsh housing developer goes into administration
13 March 2008
Welsh developer Meadgate Western was put into voluntary administration yesterday by its directors.
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MIPIM 2008: Regeneration still key for property, says panel
13 March 2008
A panel of leading figures in the UK’s regeneration field says the UK still faces significant challenges ahead as it seeks to regenerate some of its deprived areas.
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MIPIM 2008: Urban Splash debuts in Scotland
13 March 2008
Urban Splash has been chosen to develop a £70m seaside community on the west coast of Scotland, it was announced at MIPIM yesterday.
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MIPIM 2008: Masterplan launched for Birmingham's Eastside
12 March 2008
Goodman has launched its masterplan for its 1.5m sq ft Ventureast site in the Eastside quarter of Birmingham on the Birmingham stand at MIPIM today.
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House prices up
12 March 2008
House prices rose by 1.7% in February.
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Mortgages hit new low
12 March 2008
The number of new home buyers taking out mortgages fell to another low in January. Only 50,300 buyers were granted a home loan, more than a third fewer than in January last year, figures from the Council of Mortgage Lenders show. The Times, Independent
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Government 'to delay' energy certificate in HIP fears
12 March 2008
The Government is reportedly planning to delay the implementation of energy performance certificates until September, amid concerns that there are too few qualified assessors.
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Crest eyes residential landlord partnership
12 March 2008
Crest Nicholson is planning an ambitious new strategy to become one of Britain’s largest residential landlords. Financial Times
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MIPIM 2008:Liverpool unveils waterfront plan
11 March 2008
Liverpool's Mersey Waterfront unveiled its plans for the further regeneration of the city's waterfront at the MIPIM property conference in Cannes this morning.
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Carillion to build Europe's tallest residential tower in Leeds
11 March 2008
Carillion has won a £155m contract to develop the tallest residential tower in Europe – Lumiere in Leeds.
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MIPIM 2008: Birmingham unveils £15m boost for city schemes
11 March 2008
Birmingham is to spend a total of £15m on a string of new regeneration schemes which are to be developed as part of the council’s Big City Plan.
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MIPIM 2008: Plymouth’s £350m waterfront regeneration unveiled
11 March 2008
Plans for the £350m mixed-use regeneration of Plymouth have been unveiled at the MIPIM property event in Cannes.
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Bellway agrees 5,000 Leeds house-building deal
10 March 2008
House-builder Bellway has agreed to deliver 5,000 new homes in east and south-east of Leeds.
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Wales' tallest building gets green light
10 March 2008
City Loft Developments has got the go-ahead to build the tallest building in Wales.
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Property owners' last ditch effort on ‘ill-conceived’ budget plan
7 March 2008
Property owners have made a last ditch effort today to make Alistair Darling shelve the abolition of rate relief on empty property.
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Hips a 'waste of time'
7 March 2008
The government’s controversial home information pack scheme was branded a 'waste of time' yesterday after it emerged that 80% of home buyers saw them too late or not at all. Financial Times
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Taylor Wimpey hit by US housing meltdown
7 March 2008
The US housing meltdown wiped out Taylor Wimpey’s profits last year in spite of resilient trading in its UK business.
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Artists in residences
07 March 2008
Acme has had one success in running artists’ studios as planning gain. It is now fighting for more.
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Cala factors in West Herts college site for homes
07 March 2008
Cala Homes has bought the Cassio campus of West Herts College in Watford to develop 96 houses and 142 flats.
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Menta scheme planned for Croydon
07 March 2008
Menta will unveil revised plans for four towers on Cherry Orchard Road, Croydon, at MIPIM next week. Designed by architect Ken Shuttleworth, the scheme comprises 1,300 homes and 350,000 sq ft of offices. Menta is set to submit a planning application this summer.
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North lands bulk of £1bn Pathfinder cash
07 March 2008
Five urban areas in north England will receive more than £100m from the government as part of its Housing Market Renewal Pathfinder programme.
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Southwark man to Enter private housing
07 March 2008
Former council project director Horn launches affordable homes venture
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Winter blues
07 March 2008
The housing market continued to deteriorate in January, says Josh Miller
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Housing deal for Cheshire mill site
6 March 2008
Regeneration company Harrow Estates has completed the sale of a 12 acre site in Cheshire to a residential company following major remediation works.
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Police to crackdown on rising mortgage fraud
5 March 2008
Police are stepping-up the crackdown on mortgage fraud after cases of the crime escalated last year.
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The Crown completes first residential investment
5 March 2008
The Crown Estate and house-builder Crest Nicholson have announced completing the development of a 58-apartment block on London’s South Bank.
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Stanhope picked for £210m Hereford scheme
4 March 2008
Hereford Council has selected Stanhope as preferred developer for the £210m redevelopment of Hereford town centre.
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Consultation on 'Brownfield Skills Strategy' launched
4 March 2008
English Partnerships and the Academy for Sustainable Communities have launched a consultation on a new national strategy to improve ‘brownfield skills’ and support Government plans to build three million new homes by 2020.
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Resi should mirror commercial says GLA
29 February 2008
Large scale institutional investment into residential property is only likely to happen if the ‘buy-to-let’ market is treated more like commercial property, according to the Greater London Authority.
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Bezier Development starts in spring
29 February 2008
Tudorvale Properties will start construction this spring on Bezier, a twin-tower project on Old Street, east London, which the developer is pitching to prospective buy-to-let investors as the ‘gateway’ to the City. The 14- and 16-storey towers will comprise 200 flats and are set to be completed in 2010. DTZ Residential is advising Tudorvale.
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Build or regret
29 February 2008
A report published today by the Greater London Authority could tempt institutional investors into ‘build to let’.
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Delph’s £15m Hull Boom
29 February 2008
Delph Property Group is believed to have paid developers Pure Urban and Citybuild about £15m for the residential element of the first phase of the £65m mixed-use regeneration scheme in Hull known as the Boom.
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Mole Valley to undergo revamp
29 February 2008
The newly formed Mole Valley Housing Association, part of Circle Anglia, has selected United House and the Apollo Group to refurbish 2,000 homes across Mole Valley in Surrey in a £20m five-year scheme.
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Ritchie steps out of central London with Chiswick debut
29 February 2008
Residential Land breaks self-imposed central London remit to buy £49m flat development
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Scottish affordable housing plans
29 February 2008
Taylor Wimpey has gained full planning consent for a 58-unit residential scheme in Vendace Drive, Lochmaben, Dumfries and Galloway.
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Sustainable juggling act
29 February 2008
A new code is forcing developers to balance being green with making a profit, says Mark Farmer
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Tiger leaps in Drayton
29 February 2008
Tiger Developments has submitted an outline planning application to Portsmouth City Council in Drayton, north-west of the city centre.
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Barratt selected in Dalston
28 February 2008
Barratt Homes has been selected as development partner for a £160m Dalston regeneration scheme.
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New affordable housing agenda for Northern Ireland
26 February 2008
Northern Irish housebuilders will have to meet a target of 20% affordable housing in all new developments in the province from next year.
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OFT seeks injunction against estate agents Foxtons
26 February 2008
The Office of Fair trading (OFT) has issued High Court proceedings against residential estate agency Foxtons in relation to certain terms in Foxtons’ lettings agreements with landlords and is seeking an injunction preventing it from using the terms.
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Architects appointed for £800m Leeds scheme
25 February 2008
The Leeds Partnership, a joint venture between Hammerson and Leeds-based Town Centre Securities, has appointed six architects for its £800m retail-led scheme in Leeds.
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Conygar gets consent for £110m Pembroke port scheme
22 February 2008
Conygar, the investment company headed by Robert Ware, has won planning consent for a £110m waterfront scheme at Pembroke Dock in Wales.
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Opening volley for Durkan Estate’s Gun Wharf site
22 February 2008
Housebuilder Durkan Estates has kicked off plans to develop a mixed-used development at its Gun Wharf site in the London borough of Tower Hamlets.
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Humberts reports full-year loss
22 February 2008
Humberts has written off £18.4m because the ‘goodwill value’ of companies bought over the last year had fallen with the declining market.
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Against the grain
22 February 2008
One developer is looking to escape from ‘identikit’ schemes littering Leeds. Doug Morrison met him
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Entrepreneur brings property deposit bonds to UK
22 February 2008
A new financial product to help first-time buyers has been launched by ‘serial entrepreneur’ Jeremy Francis.
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Finchatton defies mood with £120m ‘golden postcode’ fund
22 February 2008
Cash is king for developer as it seeks sites in Mayfair, Chelsea and Knightsbridge
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London land values hold up
22 February 2008
Land values in London and the south-east appear to be holding up well, despite the downturn in house prices, according to Knight Frank.
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No end to tug of war
22 February 2008
South-west land values are in flux. Population growth is maintaining demand but developers are being squeezed, says Nick Tyldesley
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Regeneration funds try to interest institutional investors with above-average returns - Conscientious investors
22 February 2008
Britain’s two specialist regeneration funds are weathering the property storm as they spread the word to the institutions.
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Residential and Regeneration
22 February 2008
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Rother people’s secrets
22 February 2008
Rotherham Borough Council has launched a groundbreaking website to share its regeneration tips with the world.
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Swindon's Locarno and Old Town Hall to rise from ashes
22 February 2008
Bach Homes won planning permission last week for a residential redevelopment of Swindon’s Locarno and Old Town Hall, which were devastated by fires in 2003 and 2004. Swindon Borough Council approved a scheme involving 129 homes and a new register office, overlooking a piazza with bars and restaurants. Richard James is advising Bach, which will start construction this summer.
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With bells on
22 February 2008
Developer Union wants its homes in up-and-coming areas to be ‘fun to live in’, so sliding walls, cinema rooms and roof gardens all come as standard.
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Glenkerrin green light for E600m Dublin Development
20 February 2008
Irish developer Glenkerrin has won planning permission for a E600m (£452m) redevelopment of the Vetinary College site in the Ballsbridge area of Dublin.
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Ken gets tough with developers on renewable energy
19 February 2008
The Mayor of London today announced new planning policies to force developers into providing renewable energy on-site.
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Go ahead for Barratt in Banbury
19 February 2008
The final phase of a £25m redevelopment at Banbury can now go ahead after the local council gave it the green light.
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Newmarket resi scheme gets go ahead
15 February 2008
Developer Build Force has got the go ahead for its £10m regeneration scheme in Newmarket, East Anglia which will see the conversion of 19th century malting kiln buildings into a residential scheme.
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Luxury residential developers merge
15 February 2008
European luxury residential developer Mandarine Group has merged with rival firm La Perla International Living.
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Baker's Quay in Gloucester could be developed and restored if masterplan goes ahead
15 February 2008
The historic Downings Malthouse and Provender Mill at Baker’s Quay in Gloucester could be the setting for 400 homes if a masterplan by Broadway Malyan wins consent.
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Ken to chair London housing taskforce
15 February 2008
London Mayor Ken Livingstone and the government have joined forces in a bid to speed up the capital’s £3bn housebuilding programme.
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Slowdown forces rethink at Taylor Wimpey’s flagship site
15 February 2008
Lewisham Gateway review follows housebuilder’s east London withdrawals
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Volume housebuilders pay price for merger activity - Turn down the volume
15 February 2008
The major housebuilders have tried to ratchet up their volumes through mergers and takeovers and are paying the price.
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Green light for Somerset scheme
14 February 2008
A Somerset town is set for a major extension after a 40-acre mixed use scheme won planning this week.
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Urban Splash unveils Liverpool’s biggest ever residential scheme
14 February 2008
Urban Splash has today released details of its plans to develop Liverpool’s largest ever residential scheme.
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Housing market in sixth month of deterioration
13 February 2008
The housing market has continued to deteriorate in 2008 as more estate agents report falling prices, Royal Institution of Chartered Surveyors has reported.
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Bellway Homes to rehabilitate Lambeth Hospital
12 February 2008
Bellway Homes has submitted a planning submission to redevelop the largely derelict Lambeth Hospital in south London.
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Kilmartin submits Perth plans
11 February 2008
Kilmartin Property Group has submitted a planning application for £20m residential redevelopment of 15 acres in Perth, Scotland.
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Intelligent’s ethical sale stance
08 February 2008
Intelligent Land Investments, which claims to be Scotland’s first land investment company, is to demand that housebuilders develop affordable and environmentally friendly housing if they want to buy land from it.
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Land in Formby to be developed by Azzuri Corporation
08 February 2008
Investec Private Bank has provided £10.43m of debt to Azzuri Corporation to buy and develop land at Victoria Road in Formby, near Liverpool.
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Launch of Zoopla aims to revolutionise online housebuying - Neighbourhood watch
08 February 2008
A new website may satisfy the UK’s housebuying voyeurs.
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Private party
08 February 2008
Contrary to opinion, the buy-to-let sector is highly geared and not fragmented, says Jacqui Daly
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Singapore’s Frasers takes on McCabe’s Fairbriar stake
08 February 2008
Scarborough edges further out of UK market with sale of controlling stake in housebuilder
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Jade Jagger and Philippe Starck head to South America
7 February 2008
YOO, the design focused property development company led by personalities Philippe Starck and John Hitchcox, has embarked on a South American expansion.
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Multi brings summer to Wolverhampton
6 February 2008
Wolverhampton City Council announced the go ahead for Multi Development’s £300m Wolverhampton scheme.
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New association to boost buy-to-let reputation
5 February 2008
A new trade association for the buy-to-let industry was launched today to improve public perceptions of the sector.
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Renting is the way to beat housing gloom, BPF tells government
5 February 2008
The British Property Federation (BPF) today told the government that a US-style professional rented sector is the answer to the UK’s housing crisis.
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Greenwich Peninsula takes next step
4 February 2008
The developers of Greenwich Peninsula have submitted plans for the next phase of the mixed use scheme.
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Crest Nicholson's Bath scheme avoids call-in
1 February 2008
Crest Nicholson’s Bath Western Riverside scheme will finally go ahead after government officials decided not to call it in.
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A case of subsidence
01 February 2008
Agents’ confidence is at its lowest ebb for 15 years.
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Flint takes flak from developers
01 February 2008
Caroline Flint, the new housing minister, felt an immediate sense of the task ahead of her following a stinging attack on government policy on new homes from a leading housebuilder.
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Henham Park hotel plans
01 February 2008
A development of up to 100 hotel rooms and 200 flats has been granted outline planning permission on part of the grade II-listed Henham Park, near Southwold on the Suffolk coast.
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House prices’ fourth fall
01 February 2008
House prices fell for the fourth month in a row over January, according to the latest survey from Hometrack, the housing intelligence consultant.
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Mulryan the younger says Vivo Manchester
01 February 2008
West Properties wins planning permission for five-tower scheme
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Estate agent's share price doubles on takeover approach
30 January 2008
Shares in Humberts jumped 120% this afternoon after the troubled estate agency group said it had received a preliminary takeover approach.
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Shares in housebuilder Oakdene plunge after profit warning
30 January 2008
Shares in Oakdene plunged a third today after the housebuilder issued a profit warning.
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DevSecs goes green with Blue
29 January 2008
Development Securities has formed a 50:50 joint venture to develop eco-towns with sustainable developer Blue Sustainable Living.
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RICS predicts gloom for first-time buyers
29 January 2008
It is 350% more difficult to get on the property ladder than it was in 1996, a survey by RICS has said.
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Cathedral to develop £75m Clapham scheme
29 January 2008
Lambeth Council has selected Cathedral Group to develop a £75m residential and leisure in Clapham town centre.
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Woolwich resi scheme planned
28 January 2008
MacDonald Egan Developments and Revcap have teamed up to buy a development site in Woolwich.
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Student accommodation no longer ‘niche’ says King Sturge
28 January 2008
There were more than £700m of transactions in the UK’s student accommodation sector according to a report published by King Sturge today.
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Affordability at what price?
25 January 2008
Affordable housing targets may be compounding London’s housing shortage.
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Birmingham slams government housing grants
25 January 2008
Birmingham City Council has attacked the government over plans to distribute £500m in planning and housing grants, claiming the payout will stifle urban regeneration.
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Central London rises will slow, says King Sturge
25 January 2008
Prime central London prices rose by 23% in 2007, although signs of a slowdown are starting to emerge, according to the latest King Sturge index.
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Duo join Knight Frank in Bristol
25 January 2008
Knight Frank has poached Tina Taylor and Carol Anderson from Savills to head its residential development team in Bristol.
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Floods of owners at risk
25 January 2008
More than 2.1 million almost one in 10 homeowners and small businesses are at risk of flooding, according to research by GroundSure.
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Record £70m paid for Liverpool flats
25 January 2008
Capital of Culture defies buy-to-let gloom with biggest-ever resi deal
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Values come down to land
25 January 2008
Have London residential land values reached a crossroads? asks Andrew Holdsworth
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Risanamento wins consent for luxury residential scheme
22 January 2008
Italian developer Risanamento has received the green light from Milan planners for a luxury residential scheme at its Milano Santa Giulia district development.
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Tchenguiz-backed estate agency chain to report loss
21 January 2008
Shares in Humberts, the acquisitive AIM-listed estate agency 20% owned by Vincent Tchenguiz, slumped 42% on Monday after a second profit warning and the departure of its chairman and chief executive.
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Go ahead for Stratford residential scheme
21 January 2008
Genesis Housing Group has got the go ahead for a residential scheme close to the Olympic site in Stratford.
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Sovereign wealth fund piles into Russian resi
21 January 2008
One of the world’s richest sovereign wealth funds has agreed a joint venture to undertake a $1.3bn (£666m) residential development in Russia.
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Swansea submits student expansion plans
18 January 2008
Plans for a residential scheme to house 1,000 Swansea University students have been submitted to the local council.
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Corby’s kickflip
18 January 2008
The Northants town is about to undergo a revolution in housing development – next to Britain’s biggest indoor skateboarding park. Doug Morrison reports
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Government set to approve 28,000 south-west homes
18 January 2008
But 18% increase across Bristol, Bath, Cheltenham and Swindon will still not hit targets
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Regeneration key to housing ‘super-agency’
18 January 2008
Housing minister Yvette Cooper has sought to allay fears that the forthcoming Homes and Communities Agency will favour housing development over regeneration.
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Shard End Crescent given to Barratt Developments by Birmingham City Council
18 January 2008
Barratt Developments has been selected by Birmingham City Council to transform the Shard End Crescent shopping parade into a £41m ‘urban village’.
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Countryside Properties wins £100m mixed-use scheme
17 January 2008
Countryside Properties has been selected as the preferred developer for a £100m mixed-use development in Chatham, Medway.
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Falling property values threaten £2.4bn of loans
16 January 2008
The fall in UK property values could cause securitised loans worth £2.4bn to go into default.
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Bee Bee plans 3,000 homes
16 January 2008
Bee Bee Developments has submitted plans for a major 650 acre residential scheme in its Northamptonshire heartland.
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Estate agent confidence 'at lowest since 90s', says RICS
16 January 2008
Confidence amongst estate agents is at its lowest point in fifteen years, the Royal Institution of Chartered Surveyors warned today.
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Housing woes continue as Bovis reveals sales drop
11 January 2008
Bovis Homes today became the latest housebuilder to warn that the recent decline in consumer confidence has led to a fall in completions and forward sales.
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Housing haggle earns Derwent planning success
11 January 2008
Derwent London won planning consent for a 425,000 sq-ft mixed use scheme near Paddington station after tough negotiations with the Mayor of London over social housing.
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Footloose Britons flood south-east and south-west
11 January 2008
The south-east and south-west regions have experienced the biggest influx of inward migration over the last decade, which has contributed to a rapid rise in house prices, research from Halifax, the mortgage lending subsidiary of HBOS, has shown.
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Gladedale muscles in on regeneration scene
11 January 2008
Housebuilder launches special projects division with £500m of projects
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Great sprawl of china
11 January 2008
Gordon Brown is watching China’s plans for a mammoth environmental project: the world’s first eco-city. Doug Morrison reports from Hong Kong
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Kirkham’s Relate conference call
11 January 2008
Simon Kirkham, the developer behind the Westbourne Studios complex in west London, has paid charity Relate £2m for its former head office and residential training and conference centre in Rugby.
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Schaw House hospital transformed into flats
11 January 2008
One of Glasgow’s more striking landmarks, the former Schaw House hospital, has been transformed into flats by the Premier Property Group and Burrell Company.
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Extra 100,000 homes ‘not enough’
10 January 2008
Home-builders today gave cautious support to a recommendation that an extra 5,000 homes a year should be built in the South West – but said this is Still falling short of government targets.
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St Modwen to develop £50m north east London scheme
10 January 2008
St Modwen and Waltham Forest Council have signed a development agreement for the regeneration of the former Arcade site in Walthamstow, north east London.
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DTZ in Scottish regeneration treble
9 January 2008
DTZ has been appointed to act for three urban regeneration companies (URCs) for three different Scottish locations.
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Ken promises to deliver Olympic legacy
9 January 2008
The Mayor of London said the success of the 2012 Olympic Games will be judged by the regeneration of East London.
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ING and Stanhope get green light for Manchester's biggest scheme
8 January 2008
Manchester City Council has given the green light for the city’s largest ever development scheme.
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Notorious Deepcut barracks to become housing estate
8 January 2008
The government has announced army barracks at Deepcut, Surrey, are to be closed and redeveloped as a residential scheme.
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Maple to develop Blackburn’s Cathedral Quarter
8 January 2008
Maple Grove Developments has been selected as preferred developer for the £70m regeneration of Blackburn’s Cathedral Quarter.
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Hammerson and Urban Splash selected in Swansea
7 January 2008
Hammerson and Urban Splash have been selected as preferred developers for a 30-acre mixed use scheme in Swansea city centre.
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£17.5m Stockley sale completes
7 January 2008
The Greater London Fund has completed its purchase of a building at West London’s Stockley Park for £17.5m, as tipped by Property Week (16.11.07).
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Bank’s cut offers hope
04 January 2008
Gloom still prevails, but the recent interest rate cut will give buyers a lift, says Josh Miller
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Cardiff Bays
04 January 2008
Regulator Sir Bryan Carsberg heard strong views on rogue estate agents as he conducts a nationwide tour on the subject. Doug Morrison was there.
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Resi faces hangover after ‘decade of debt’ boom …
04 January 2008
Banks predict house price inflation to be wiped out for first time in 10 years
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Oracle gets £90M for Docklands development
3 January 2008
Mixed-use property developer Oracle Group has secured £90m of funding from the Royal Bank of Scotland (RBS) for the first phase of its Indescon Court development in London’s Docklands.
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More than 300 redundancies at property firm
3 January 2008
LSL Property Services, owner of Your Move and Reeds Rains estate agents, has laid off over 300 people from its surveying and estate agency businesses.
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London residential values drop
3 January 2008
The values of residential property in central London are not immune to the credit crunch, according to new research from Savills.
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Derwent's Paddington plans face housing headache
3 January 2008
Ken Livingstone could put the brakes on Derwent London’s plans for a mixed-use development next to Paddington train station because of an affordable housing issue.
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House price growth falls again
31 December 2007
The annual house-price inflation rate fell in December to its lowest level since May 2006 after prices dipped for a second month in a row, according to figures from Nationwide.
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Lipton fears 1990s style property crash
28 December 2007
Sir Stuart Lipton says there could be a repeat of the last property crash.
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House sales take longer as prices drop
24 December 2007
Selling a house is taking longer than at any time in the last six years, adding to the growing evidence of a housing slowdown, according to a survey of estate agents to be published today. Financial Times, The Independent, The Times, Daily Telegraph
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Barratt ties up with Brentford in Hounslow regen plan
21 December 2007
£50m football stadium to be built as part of mixed-use scheme at key Lionel Road regeneration site
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Brand names
21 December 2007
Comedian Jo Brand presented trophies to the biggest and best names in regeneration at the fourth Regeneration Awards ceremony, held at the Grosvenor House Hotel on London’s Park Lane on 4 December.
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Hackney cracks down on ‘flyboarders’
21 December 2007
Hackney council is preparing to crack down on rogue estate agents in the east London borough with a series of prosecutions in the new year.
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HIP providers blighted
21 December 2007
With home information packs becoming mandatory for all homes last week, pack provider Richards Gray has claimed that the housing market has been blighted by some local authorities denying pack providers access to public records and has called on the Office of Fair Trading to investigate.
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Lime squeezes Unite
21 December 2007
The Lime Property Fund has paid Unite £21.5m for student accommodation let to the University of Bath at a 5.25% initial yield.
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St Modwen sells Yorks factory for resi
21 December 2007
St ModWen Properties has sold the former Brook Compton factory in Guiseley, West Yorkshire, to Bellway Homes for a development of 140 homes.
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Upwardly mobile
21 December 2007
UK residential land values continue to rise, particularly in London
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Terrace Hill sells in Hammersmith
20 December 2007
Terrace Hill has sold a riverside site in London's Hammersmith for £30.75m to Westcity and Byrne Estates.
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Lend Lease withdraws from £ 3.1bn Canning Town scheme
20 December 2007
Lend Lease has withdrawn from the £ 3.1bn Canning Town regeneration scheme forcing Newham Council to search for a replacement developer.
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Hamptons International buys London resi agency
19 December 2007
Hamptons International has bought a south west London residential agency Allen Briegel as part of its UK and international expansion plans.
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Beetham’s Southwark tower gets final go-ahead
19 December 2007
Southwark Council has granted planning permission for the Beetham Organisation’s 52-storey storey tower on the southside of the River Thames in London.
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Rochdale riverside scheme gets go ahead
19 December 2007
Outline planning permission for a masterplan to convert the Dexine rubber works site on Spotland Road in Rochdale to homes and offices was granted last night.
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Go ahead for Stratford housing scheme
14 December 2007
Unex Group has got the go ahead for a residential tower opposite Stratford bus station.
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Barratt wins English partnerships carbon challenge
14 December 2007
Barratt has won a competition to build a carbon-neutral development of 188 homes at Hanham Hall near Bristol.
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Cala touches down in London’s RAF West Ruislip
14 December 2007
Scots group secures 21 acre MoDEL land in biggest-ever site purchase
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Countryside Properties claim health benefits
14 December 2007
Countryside Properties is claiming its St Mary’s Island scheme in Chatham, Kent, has health-giving properties. The 2,000 homes, so the developer says, will reduce stress and boost health and well-being because of their proximity to the River Medway. The website, however, reveals that most of the 71 homes in the first phase are unsold.
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Flat Broke
14 December 2007
As the number of unoccupied flats rises, Doug Morrison asks: has the bottom fallen out of the buy-to-let market?
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Tories jump on housing review bandwagon
14 December 2007
The Conservative Party has joined the housing review bandwagon with the aim of finding new ways to speed up the buying and selling of homes in England and Wales.
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Unite sells £220m of student accommodation
13 December 2007
Unite, the student accommodation company, has sold £220.3m of assets into its own managed fund.
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Yvette Cooper speaks out on social housing
13 December 2007
Yvette Cooper, housing minister, said today that councils and landlords should ensure social housing services focus on people, not just homes.
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Salford's tallest towers win planning
7 December 2007
BSC Group’s £180m plans to build Salford’s tallest towers have won planning from the local council.
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Brown unveils £9bn Gateway delivery plan
07 December 2007
Gordon Brown said schools, homes and transport schemes were the key to regenerating the Thames Gateway as he revealed his delivery plan to the property community at last week’s Thames Gateway Forum.
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Fallout takes its toll
07 December 2007
The effects of past rate rises and the credit crunch are being felt
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How their garden grows
07 December 2007
The Mercers’ Company has teamed up with Shaftesbury to refurbish and extend their Covent Garden estates.
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Lipton: Gateway regeneration will need ‘love and care’
07 December 2007
Developer says government should seek inspiration from world-famous locations
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Livocity’s graduation day
07 December 2007
Student accommodation provider Unite believes its new subsidiary can help solve London’s graduate housing crisis.
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Young London calling
07 December 2007
My City Too! is a pioneering, London-wide campaign to give young people a voice in the built environment. Campaign co-chair Lee Mallett explains what it does.
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Interest rates cut to 5.5%
6 December 2007
Interest rates today were cut from 5.75% to 5.5% in a move that will be a boost for the residential development market and home owners.
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CABE raises Waterloo objections
6 December 2007
The Commission for Architecture and the Built Environment has criticised plans for a major redevelopment of Elizabeth House at London’s Waterloo Station.
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Dandara gets 22-storey Glasgow towers green light
4 December 2007
Two 22-storey residential blocks are set to change the Glasgow skyline after property developer Dandara was given planning permission for a £180m mixed use scheme today.
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Matrix sells Edinburgh offices for £27m
4 December 2007
Matrix Property Fund Management has sold three office blocks on Rosyth Europarc business park to the north of Edinburgh for £27m.
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Property market 'will not crash' say researchers
3 December 2007
The market is not heading for a crash and the global outlook remains solid despite the credit crunch, according to the latest research from LaSalle Investment Management.
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Gateway forum welcomes Callcutt's reveiw
30 November 2007
John Callcutt’s recent housing review received a warm reception at the Thames Gateway Forum yesterday.
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Bellway rings in Suffolk
30 November 2007
Housebuilder Bellway has bought a 5 acre vacant site at Mildenhall in Suffolk for nearly £1m/acre a record for the area.
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House price dip continues
30 November 2007
Hometrack has reported that house prices have fallen for the second month in a row and values are only being supported by a tightening supply, as many homeowners delay testing the market until economic conditions show signs of improvement.
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Iconic Wandsworth sale
30 November 2007
Iconic, the joint venture between Rugby Estates and Londonewcastle, has raised £5.5m from the sale of a site at 118 Putney Bridge Road in Wandsworth, south-west London, to Irish group Park Developments.
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London’s Expensive tastes
30 November 2007
The graph illustrates the cost of prime-quality flats in London marketed in the last four years, with which EC Harris has been involved.
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Pressure rises as small homes move on to HIPs radar
30 November 2007
Roll-out of packs for one- and two-bed homes will ‘crunch first-time buyers out of market’, says RICS
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The cost of luxury
30 November 2007
Land costs still make up the biggest proportion of development capital
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The Missionary Institute London raises £8m
30 November 2007
The Missionary Institute London has raised £8m from the sale of its grade II-listed Holcombe House and 37,663 sq ft training college in Mill Hill, north-west London, to a developer.
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Unlock the potential
30 November 2007
Fund managers could not be less involved with buy to let if they tried. Is it time they took an interest, asks Doug Morrison
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PM pledges £9bn for Gateway
29 November 2007
Gordon Brown today told the property community his plan for delivering the Thames Gateway with £9bn of government investment.
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Hemingway slams quality of Thames Gateway
29 November 2007
Designer Wayne Hemingway said the quality of buildings being developed in the Thames Gateway were not up to scratch today at the Thames Gateway Forum.
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'Thames Gateway could be new Rome' says Sir Stuart Lipton
29 November 2007
Sir Stuart Lipton, deputy chairman of Chelsfield Partners, compared the Thames Gateway with the Rockefeller Centre, the Champs-Élysées, and ancient Rome as he set out his vision for the area’s future.
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Minister welcomes Greenwich housing development
28 November 2007
Housing minister Yvette Cooper today said a mass residential development at Greenwich Peninsula was a great opportunity for the regeneration of the Thames Gateway.
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Thames Gateway model revealed
28 November 2007
The first model of the Thames Gateway, and the largest architectural model in the UK, was launched this week on the first day of the Thames Gateway Forum. The 25-metre long model, the length of three London buses end to end, is to act as a guide for investment opportunities and to show residents what developments are happening in the area.
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Bath Western Riverside green light
28 November 2007
One of the biggest urban regeneration schemes in the South West won planning at a meeting last night.
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Thames Gateway: Minister calls for green utopia
28 November 2007
The Thames Gateway will soon be looked upon as the template for green development the housing minister Yvette Cooper told the Thames Gateway Forum today. 'The entire built up area of the Thames Gateway will be a pioneering region for zero carbon emissions,' said Cooper.
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Crest Nicholson to develop £100m Rochester residential scheme
28 November 2007
Crest Nicholson and partner BioRegional Quintain have been selected as the preferred developer for the £100m regeneration of Rochester Riverside in Kent.
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Design of Silvertown Quays aquarium revealed
27 November 2007
The developers of the £1.5bn Royal Dock site, Silvertown Quays, KUD International and landowner London Development Agency, have revealed details for the aquarium at the scheme.
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Go ahead for mixed use scheme in Stanmore
26 November 2007
Berkeley Urban Renaissance has got the go-ahead for a mixed-use project in Stanmore in north west London.
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Making Places buys 365-acre site
26 November 2007
Making Places, a joint vehicle between social housing provider Places for People and land regeneration specialist Cofton, has bought one of the biggest residential regeneration sites in the UK.
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Go ahead for resi scheme in Durham
23 November 2007
Henry Boot and Commercial Estates Group have got the go ahead for 30-acre housing and employment development in Bowburn, near Durham.
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Jack Petchey buys stake in Galliard Homes
23 November 2007
Veteran investor Jack Petchey has expanded into the residential property market buying a 45% stake in Galliard Homes from outgoing chairman John Black for £75m.
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Callcutt calls for public-private pacts to meet housing targets
23 November 2007
Review says government housing targets can be met by ‘huge’ urban land supply
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Neighbourhood botch
23 November 2007
Housing schemes have too often lacked a sense of place. This needs to change.
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Pathfinders in pipeline
23 November 2007
Regeneration is helping the housing markets in Yorkshire and the north-east
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JV Announced for watersports development
22 November 2007
The South West of England Regional Development Agency (RDA) has appointed Sutton Harbour Group as its development partner on a £30m tourism and leisure destination.
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Major Thames development announced
22 November 2007
A consortium led by the East of England Development Agency (EEDA) has announced the development of South Essex’s largest riverside regeneration scheme.
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Callcutt wants public-private pacts to meet housing targets
22 November 2007
Review says government housing targets can be met by ‘huge’ urban land supply.A blueprint for speeding up the release of urban land for residential development was unveiled yesterday by John Callcutt in his government-commissioned review of housing delivery in England and Wales.
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Boris Johnson sets out housing manifesto
21 November 2007
Boris Johnson, who is standing for Mayor of London on behalf of the Conservatives next year, has said he will relax quotas for affordable homes.
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Redrow Homes puts brand on former cattle market
21 November 2007
Redrow Homes has bought a former cattle market site in Stratford-upon-Avon and plans to redevelop it into a multi-million pound regeneration scheme.
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Donald Trump tees up Aberdeen development
21 November 2007
Aberdeen is set for a Donald Trump-style golf resort after plans for the tycoon’s £1bn leisure scheme were approved.
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Cheshire county council plans care home initiative
16 November 2007
Cheshire County Council has pushed the button on a £200m PFI scheme to create five care homes in the county.
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‘High-risk’ Pathfinders’ effect unclear, reports watchdog
16 November 2007
Housing problems less severe in housing renewal areas, but ‘other factors involved’, says audit office
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Advantage Agassi
16 November 2007
Tennis legends Andre Agassi and Steffi Graf have lent their names to a new hotel and leisure resort in the US that is being billed as the next Aspen.
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Empty homes can solve crisis
16 November 2007
The government has come under fire for failing to bring the UK’s huge stock of empty homes back into use to help solve the UK housing crisis.
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The cost of contamination
16 November 2007
Housebuilders will have to build on brownfield sites to meet government housing targets. But the clean-up comes at a premium
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Touching First Base
16 November 2007
First Base has completed the first scheme under English Partnerships’ ‘London-wide initiative’ to address the lack of affordable housing in the capital.Housing minister Yvette Cooper praised Adelaide Wharf in Shoreditch, east London, for its mix of 74 keyworker homes, 73 private flats and 7,535 sq ft of ‘affordable Workspace’.
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Galliford Try buys northeast specialist
15 November 2007
Galliford Try has bought specialist affordable housing contractor Kendall Cross Holdings for £9.3m.
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Jersey 'Esplanade Quarter' consultation starts
13 November 2007
The Jersey government has launched a public consultation into its plans for one of the biggest mixed-use schemes on the island.
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Joint venture plans 140 homes for Scottish campus
09 November 2007
Blackrock International and Applecross Properties have paid Jewel and Esk Valley College £24.2m for its 15.74 acre campus in Dalkeith, south of Edinburgh.
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National Trust wades into green belt debate
09 November 2007
The National Trust this week turned the heat up on the government over its policy on new housing.
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Time to loosen the Green Belt
09 November 2007
Reports published last week predict a shortfall in projections for new housing, and with land for development scarce, Doug Morrison examines the future for a national icon
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Trocadero curse strikes as Westminster rejects scheme
09 November 2007
Asif Aziz’s plans for hotel near Piccadilly Circus fall foul of council’s rules on affordable housing
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Barratt picked for £226m Lewisham scheme
7 November 2007
Barratt Developments has been chosen as preferred developer for a £226m redevelopment in South London.
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Hamptons buys west-country agency Hayward White
5 November 2007
Global estate agents Hamptons International has taken over Shire and Cotswald-based agency Hayward White.
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3 million is not enough, says government homes adviser
02 November 2007
National Housing and Planning Advice Unit adds to warnings of housebuilding shortfall
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Barteak Developments
02 November 2007
Barteak Developments has sold all 28 houses and flats in its scheme on Hungary Hill in Stourbridge, West Midlands, to Bromford Housing Group for £3.5m. Barteak has spent £200,000 remediating the 1 acre former colliery site, removing asbestos and oil, and the capping of two mine shafts. Construction is due for completion in spring 2008.
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Charles Church and DPP win six-year Thames Basin planning saga
02 November 2007
Charles Church Developments and its planning adviser, DPP, are claiming a greenfield development breakthrough after winning consent for 182 homes at Notcutts Nursery in Bagshot, Surrey.
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Estate agents flock to ombudsman
02 November 2007
Membership of the Ombudsman for Estate Agents scheme has more than doubled in less than two years, from 5,022 branches at the end of 2005 to 11,816 today.
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Put your house on it
02 November 2007
The housing market is strong enough to weather the wider economic turmoil
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Who are the winners at dolphin square?
02 November 2007
A US private equity investor is seeking to wrest the freehold of a crucial central London complex from Friends Provident.
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Highest take up since 2001 in M25 office market
1 November 2007
The M25 South East office market is turning into a ‘landlord’s market’, with a lack of supply pushing up rents and reducing tenant incentives, according to the latest research by Savills.
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Multi million pound scheme planned in Catford
1 November 2007
Countryside Properties and Hyde Housing Association have submitted a multi-million pound planning application for a mixed-use scheme in Catford, London.
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Taylor Wimpey hurt in US
1 November 2007
Taylor Wimpey warned that it would make further provisions in the US as the country’s worst housing downturn for 16 years continued to bite. The Times, Daily Telegraph
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Credit crunch fails to stop house price rises
1 November 2007
House prices rose 1.1% in October, the Nationwide’s survey showed yesterday but many saw the unexpectedly strong monthly gain as an anomaly among signs of a marked slowdown in the housing market. Financial Times, The Times, The Guardian
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Connells buys surveying firm Hockleys
30 October 2007
Connells, the residential property services group, has bought surveying company Hockleys from Norwich & Peterborough Building Society.
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Eurohypo finances £1bn Hyde Park scheme
26 October 2007
The £1bn One Hyde Park development in London has been refinanced by Eurohypo.
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Barratt Developments
26 October 2007
Barratt Developments last week started construction on what it claims will be the greenest house ever built in Britain. Designed by architect Gaunt Francis, the property is on the Building Research Establishment Innovation Park in Watford. Barratt said the house would meet the government’s Green criteria for zero Stamp Duty.
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Menta progresses Croydon skyscraper with land buy
26 October 2007
Developer purchases pivotal 1 acre site for office and residential schemes
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Owner preoccupied
26 October 2007
Building to let is a no-brainer. So why aren’t UK developers doing it?
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Scottish highlands
26 October 2007
Demand for housing development land in Scotland is high, causing prices to rise
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Littlewoods Pools HQ gets revamp
24 October 2007
Property developer Urban Splash has got the go ahead for a £60m mixed-use redevelopment of the former Littlewoods Pools head quarters in Liverpool.
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Bedford's Riverside Square gets go ahead
22 October 2007
Bedford’s town centre regeneration took a step forward as its Riverside Square scheme got the go ahead today.
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Cala breaks development record
19 October 2007
Cala Homes has revealed that it started work on a record number of housing developments 30 schemes with a total estimated completion value of £529m during the first nine months of 2007.
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Carsberg to chair review of housing market standards
19 October 2007
An ‘independent’ review of standards and regulation of the housing market is to be sponsored by the RICS, the National Association of Estate Agents and the Association of Residential Letting Agents.
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Leaders of the pack
19 October 2007
Twenty-five local councils have already adopted the local planning tariffs proposed in the pre-Budget report.
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Prestigious to save up for retirement with Plus listing
19 October 2007
Retirement village specialist hopes to raise £5.9m on junior stock market
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Scarborough sells former MoD site to HBOS and Zog fund
19 October 2007
Scarborough Development Group and Thorstone Land & Property have raised £8.2m from the sale of a former Ministry of Defence site called Drummond Park at Ludgershall near Andover.
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Gallagher gets go ahead in Milton Keynes
18 October 2007
Warwick-based developer Gallagher Estates and Milton Keynes Council have got the go ahead for a residential scheme to the west of the town.
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Elphinstone and Bank of Scotland create £130m development venture
17 October 2007
Scottish developer Elphinstone has set up a joint venture with Bank of Scotland Corporate with £130m of funding from the bank.
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Base gets £100m Manchester development green light
16 October 2007
Barratt Homes, the UK’s biggest housebuilder, has got the go-ahead for a £100m council estate redevelopment in Manchester.
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Brum tower gets green light
12 October 2007
Birmingham’s tallest tower got the go-ahead last night.
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Camberwell Project funds in Leeds
12 October 2007
The Camberwell Project, which supports regeneration through social enterprise, has secured a £4.5m funding package for a project in Harehills, Leeds one of the UK’s most deprived areas.
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Credit crunch strikes
12 October 2007
Urban land values set to fall as housebuilders’ confidence declines, says Yolande Barnes
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Fairview homes in on Veitch to lead expansion
12 October 2007
Fairview New Homes has appointed Dwyer director Giles Veitch to drive its expansion into mixed-use development.
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Housing ‘off radar for young households’
12 October 2007
Report calls on government to close widening affordability gap
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Savills’ new central London base
12 October 2007
Savills is consolidating its central London residential operations at Lansdowne House in Berkeley Square in Mayfair. Around 260 employees from 16 departments and disciplines will move there from 15 October.
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Sweet home chicago
12 October 2007
An Irish developer’s launch of the tallest residential tower in the world shows US confidence despite market turmoil. Doug Morrison reports from the Windy City
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Union has put the Arthaus
12 October 2007
Union has put the Arthaus on Richmond Road in Hackney, east London, on the market. The developer, whose backers include entrepreneurs John Hitchcox, Harry Handelsman and David Pollock, managing director of agent Green & Co, paid Nellbush £6.75m for the Arthaus site. It hopes to sell a third of the 45 flats at the mixed-use scheme offplan. Prices start at £250,000.
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Yoo and Raven swoop in Glos
12 October 2007
Yoo and the Raven Group have won detailed planning permission from Cotswold District Council for 48 homes at the Lakes near Lechlade, Gloucestershire. The developers won outline consent last year for the overall 160-home scheme on 650 acres, which will involve turning five former gravel pits into lakes.
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Big guns aim for £250m Barry scheme
11 October 2007
A consortium of the UK’s biggest housebuilders has bought 100 acres in South Wales from the Welsh Assembly Government for a £350m development.
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Liverpool appoints regeneration chair
10 October 2007
Liverpool has appointed Michael Parker to chair its regeneration company.
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Go ahead for King's Cross canal scheme
10 October 2007
Genesis Housing Group has got the go ahead for a housing scheme in King's Cross.
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Grosvenor Waterside scheme bought by Candy jv
9 October 2007
A joint venture between Christian Candy’s CPC Group and investment company Qatari Diar is to buy a 355-apartment development at Grosvenor’s Waterside scheme.
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Manhattan Loft to sell New Cross scheme
5 October 2007
Union, the residential property venture launched by the Manhattan Loft Corporation’s Harry Handelsman and YOO Holdings’ John Hitchcox, is to sell its £11m mixed-use development in South East London.
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Balazs has ‘hip hotel’ designs on Metropole
5 October 2007
Hotelier plans ‘next generation of grand hotels’ for Westminster landmark
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Boris pledges increase in affordable housing
5 October 2007
Boris Johnson insisted at this week’s Conservative Party conference that his bid to become London mayor was serious and vowed to sort out the capital’s shortage of affordable housing.
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Is regeneration racist?
5 October 2007
A new report raises uncomfortable questions for property
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Negative vibes
5 October 2007
Interest rate rises and stock market instability are turning house prices downwards
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Pru and Berkeley plan Green Park homes
4 October 2007
A Prudential/Berkeley joint venture has submitted a planning application for a 60-acre village near Reading.
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Belfast's Titanic Quarter second phase approved
2 October 2007
Outline plans for the second phase of Belfast’s massive waterfront scheme Titanic Quarter were approved today by Environment Minister Arlene Foster.
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Building, Buying,Branding
28 September 2007
Doug Morrison joins 800 developers, investors and advisers at Resi 07, Property Week and the British Property Federation’s new extravaganza for the residential and regeneration worlds. Photographs by Oliver Knight.
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CABE’s capital energy audits
28 September 2007
The Housing Corporation has appointed the Commission for Architecture and the Built Environment to assess the design quality of affordable housing completed over the last three years. CABE’s ‘audits’ will focus on the external environment rather than internal design or energy efficiency.
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Homebuyers rein in mortgage borrowing
28 September 2007
Home loans by banks, building societies and specialist lenders fell by 6% in August, from £34.1bn to £32.2bn, according to the Council of Mortgage Lenders.
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Irvine Bay seeks golfing partner
28 September 2007
Irvine Bay Regeneration Company, Scotland’s newest publicly funded urban regeneration company, has kick-started its £100m masterplan with two schemes in Irvine. It is seeking a development partner for an 18-hole links golf course, hotel and supporting facilities on a 171 acre beachfront site. It is also drawing up a shortlist to appoint a development partner for a £30m
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Public wants to live in green homes
28 September 2007
But survey shows that 58% would be concerned about the cost
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Scots agent’s London ambitions
28 September 2007
Scottish agent DJ Alexander has ‘confirmed its intention to become a serious player’ in London’s residential market by spending £2.6m on a 1,200 sq ft, freehold townhouse on Lower Sloane Street in Chelsea.
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Something to sing about
28 September 2007
South Wales is experiencing continued strong growth in residential land values, says Philip Bear
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Trio lead Oxon community
28 September 2007
Linden Homes, Thomas Homes and English Partnerships claim to be leading the way in community consultation over residential development after 200 people took part in workshops and meetings over their proposed redevelopment of the grade II-listed Fair Mile Hospital in Cholsey, Oxfordshire
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Ballymore set for record-breaking tower
27 September 2007
Irish developer Ballymore is set to build Europe’s tallest residential building after buying a site next to Manchester Piccadilly station.
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Affordable housing gets green light in Vauxhall
26 September 2007
Genesis Housing Group has got the go-ahead to replace a redundant office building in London’s Vauxhall with 69 affordable apartments.
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Housebuilder buys site close to Glasgow airport
24 September 2007
AS Homes, the Scottish based house-builder, has paid £10m for a 50-acre site near Glasgow airport.
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Go ahead for Plymouth ex-Royal Navy base
24 September 2007
Firmac Developments has got the go-ahead for its £60m redevelopment of a former Ministry of Defence site in Plymouth.
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Leeds unveils plans for West End
24 September 2007
The developers behind Leeds West End development have unveiled plans today.
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Lend Lease reveals plans for Olympic athletes village
21 September 2007
Lend Lease and partners First Base and East Thames have launched a public consultation for a masterplan for the £2bn Athletes Village development at Stratford City.
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Can this man fix housing?
21 September 2007
Former Crest Nicholson chief John Callcutt will report on housing delivery and sustainability in November. But what can he add to the debate?
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Cambridge City football club wins profits from developer
19 September 2007
Cambridge City football club has won the right to the profits of the residential redevelopment of its stadium following a bitter High Court battle.
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Arcapita joins with Layetana for Warsaw development spree
19 September 2007
Bahrain investment bank Arcapita has joined forces with Spanish residential developer Layetana for a 1.1bn Zloty (£203m) residential development spree across Warsaw.
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Bromley conference centre to convert to luxury homes
14 September 2007
Millgate Homes pays £16m for green belt Sundridge Park complex
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Inheriting the burden
14 September 2007
Steep rises in property values mean the Treasury is laughing all the way to the bank, says Lucian Cook
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Landlord benchmark launch at Resi 07
14 September 2007
Leading landlords and managing agents have joined forces to raise standards and promote best practice in residential property management.
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MPs investigate supply
14 September 2007
MPs and peers have joined the housing inquiry bandwagon with the launch this week of a cross-party investigation into the future of residential supply.
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Barratt Homes picked as developer for Canada Water
12 September 2007
British Land Canada Quays has chosen Barratt Homes as its development partner for the first phase of the £1.5bn regeneration of Canada Water in east London.
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Highbury festival launched to boost regeneration zone
11 September 2007
Highbury Studios in North London will launch a ten-day cultural arts festival on Friday to highlight the development and cultural renaissance in the area.
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London Metropolitan University sells student halls to developer
11 September 2007
London Metropolitan University has sold Tufnell Park Halls, a hall of residence site in North London, to Opal Properties for £37.5m .
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Barratt to develop Nuneaton estate
11 September 2007
Housebuilder Barratt has been selected as preferred developer for the £125m redevelopment of the Camp Hill estate in Nuneaton.
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Antler ramps up output as market cools
07 September 2007
Antler Homes, the Guildford-based housebuilder, is preparing for an expansion that could lead to a 50% increase in output over the coming year, despite weaker conditions in many housing markets.
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Crunch time for housing
07 September 2007
Market turbulence is taking its toll on the housing sector, says David Stubbs
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Ritchie buys Bayswater block for serviced flats debut
07 September 2007
Entrepreneur’s Residential Land buys 50% stake in 205 flats for £56m
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Rupert the Bull
07 September 2007
Grainger’s chief executive tells Doug Morrison why he is not following the bears and why the UK needs residential REITs. Photograph by Julian Anderson
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Young Group
07 September 2007
Young Group is to test the strength of the buy-to-let market with the launch this week of the 45-storey East Tower at its Landmark development in London’s Canary Wharf. Young is offering flats from £355,000, off plan, on four floors of the tower, which is due for completion in 2010. It launched its 31-storey West Tower last December and has sold all 276 of its flats, many of them to investors.
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First Base gets planning for Elephant & Castle tower
6 September 2007
First Base has got the green light for a 44 storey tower on the Old London Park Hotel site in Elephant and Castle.
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RICS study reveals problems with getting on the housing ladder
5 September 2007
Couples face spending 96% of their income to climb onto the property ladder, an investigation by RICS has revealed.
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Humberts buys three firms in the south of England
5 September 2007
Humberts has gone on a spending spree in the south of England, buying three local agencies to expand its regional presence.
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Go-ahead for former Scottish & Newcastle brewery site
4 September 2007
A £200m mixed-use development next to Newcastle United Football Club has been given the go-ahead by the city council.
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Forth Ports submits largest ever Edinburgh planning application
4 September 2007
The largest planning application in Edinburgh’s history was submitted today for a 15m sq ft mixed use scheme.
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Ely puts Athlone Town Centre resi up for sale
4 September 2007
The Ely Property Group has brought the entire residential element of a major mixed-use scheme in Athlone, Ireland to the market for sale.
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All roads lead to home
31 August 2007
Get your access road adopted by the council and save building costs, says Richard Jones
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Breaking the cycle
Residential and regeneration supplement
Plans are afoot to transform the Olympics Media Centre in Hackney Wick into an office location after 2012. But how will it fare against its competitors? Lydia Stockdale reports
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Crest plans expansion after HBOS takeover
31 August 2007
Crest Nicholson plans a bold expansion of its housebuilding and regeneration activities following its £713m takeover by HBOS and Sir Tom Hunter’s West Coast Capital.
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Family values
Residential and regeneration supplement
Mark Shepherd meets Jackie Sadek, 49, head of regeneration at CB Richard Ellis, and her sister, Fiona Sadek, 47, a researcher in Cushman & Wakefield’s residential department
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House prices rise 3.9%
31 August 2007
Prime residential property prices rose by 3.9% in July the highest monthly rate in 30 years.
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Leeds Jewish Housing Association
31 August 2007
Leeds Jewish Housing Association and ECD Architects are preparing outline plans for the regeneration of the city’s Queenshill Estate. The sustainable scheme will comprise 400 homes. Outline planning is due this year and construction could start in 2008.
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Messing about on the river
31 August 2007
Rising costs and red tape at the Thames Gateway are leaving developers frustrated.
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Name association
Residential and regeneration supplement
What happens when you cross Mohamed Al Fayed’s Harrods Estates with a consortium of Dubai masterbuilders?
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Regeneration gap
Residential and regeneration supplement
An offshoot of the Institute for Public Policy Research has exposed the failings of the government’s northern regeneration programmes.
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Residential and regeneration supplement
Residential and regeneration supplement
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Rising build costs to hamper housebuilder targets
31 August 2007
Industry wage rise and labour shortage contribute to housing construction costs
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Stepping stone
Residential and regeneration supplement
In his first interview since Crest Nicholson’s £713m takeover by Sir Tom Hunter and HBOS, chief executive Stephen Stone reveals the housebuilder’s new direction. Doug Morrison meets him
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Taken to the cleaners
Residential and regeneration supplement
The government is resisting an EU directive that puts the burden on taxpayers to clean up contaminated land. Mark Shepherd reports
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The next House hold name
Residential and regeneration supplement
There are still many parts of England that are in need of regeneration and, although the current clamour is for housing, it should not ignore these other areas
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What is in a name?
Residential and regeneration supplement
Communities England is now going to be referred to as the ‘homes agency’ while Whitehall decides on an official title.
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Westminster Council recommends Middlesex hospital scheme
29 August 2007
A revised planning application for development of the Middlesex Hospital site in London’s West End has been recommended for approval.
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Social insecurity
24 August 2007
Housebuilders are unhappy with councils’ requirements for them to provide an increased quota of ‘social rented’ affordable housing.
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A new home for investment
24 August 2007
The creation of an institutional investment market for residential property is crucial to solving the UK’s housing shortage, says the BPF’s Gareth Lewis
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BPF: no need to cover green belt with new homes
24 August 2007
Federation responds to think tank report calling for 1.8 million new homes on greenfield land
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Dixon to stay on at Housing Corp
24 August 2007
Peter Dixon has pledged to remain chairman of the Housing Corporation for another two years and see through its integration with English Partnerships into Communities England, the government’s new ‘homes agency’.
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HIPs apply to three-bedroom homes
24 August 2007
Home Information Packs will apply to three-bedroom homes from 10 September, the government has announced.
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Housing caution
24 August 2007
The Midlands’ housing markets are healthy but cautious, says Keith Skirving
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Residential Land
24 August 2007
Residential Land, the London investment group headed by Bruce Ritchie, has bought the head lease on a block of 16 flats at 14 Eccleston Place in Belgravia from the receivers. The purchase price is undisclosed, although Residential Land said the 15,276 sq ft building was worth £19.5m. Most of the flats are vacant.
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SpringUR wins Brum consent
24 August 2007
SpringUR, Castlemore Securities’ urban regeneration arm, has won planning permission from Birmingham City Council for 152 flats and 25 shops in Mere Green near Sutton Coldfield.
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Countryside gets go-ahead in Salford
21 August 2007
Countryside Properties has been granted planning permission from Salford City Council for the next phase of the regeneration scheme in Lower Broughton, east Salford.
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LandSecs submits £2bn Victoria planning application
17 August 2007
Land Securities today submitted its planning application for a £2bn redevelopment of Victoria Station.
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Bellway chosen for £100m Ilford scheme
13 August 2007
Bellway Homes has been selected as developer for a £100m scheme in Ilford.
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Bee Bee and Buccleuch submit Kettering plan
10 August 2007
A joint venture between Bee Bee Developments and Buccleuch Property has submitted a planning application to build 5,500 homes as part of the eastern expansion of Kettering.
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Bellway charges up Hull with £500m regeneration contract
10 August 2007
Good news for weather-ravaged city as developer is selected for Pathfinder project
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Extra cash for north Kent
10 August 2007
Public and private sector groups have agreed a groundbreaking proposal to fund transport infrastructure, paving the way for extra housing in the Thames Gateway.
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Lanarkshire steelworks plan galvanised by sale
10 August 2007
Banks Property Developments has sold the former Clydesdale Steelworks near Bellshill in Lanarkshire to housebuilder Manor Lane for £29m.
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Resi gets less industrious
10 August 2007
The number of former industrial sites being converted into homes is declining,
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Town and Country
10 August 2007
Last week’s tie-up between Strutt & Parker and Lane Fox has created a country home and central London uber-agency.
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Urban Splash
10 August 2007
Urban Splash has been appointed by Renew North Staffordshire to regenerate an 11.4 acre site on Stoke-on-Trent’s City Waterside, which includes Bridgewater Pottery. A planning application for the first phase of a mixed-use scheme is expected in early 2008 and construction could begin later that year.
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Elephant's Printworks gets green light
8 August 2007
The Printworks development in London’s Elephant and Castle got the go-ahead today.
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Native Land wins Lambeth Fire Station contract
7 August 2007
Residential developer Native Land has won the right to develop the Lambeth Fire Station site on London’s Albert Embankment.
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Decline intervention
03 August 2007
The latest RICS housing market survey shows house-price growth eased in June to half the pace of the previous month.
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Key London Alliance unlocks £160m Poplar tower scheme
03 August 2007
Public-private vehicle on track with first trio of London Wide Initiative developments
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Victim of hips
03 August 2007
This week’s bungled introduction of home information packs has cost energy assessors, such as Robert Lisle, thousands, says Mira Bar-Hillel
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Estate agents who dodge HIPs could be banned
31 July 2007
The Office of Fair Trading has warned that estate agents who fail to comply with new Home Information Pack (HIPs) regulations could be banned from working.
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Welbeck bags £1bn Rochester contract
30 July 2007
Welbeck Land has been named as the preferred developer for part of a £1bn regeneration project in Rochester.
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Candys in High Court branding row
27 July 2007
Luxury residential developer Candy & Candy is suing a firm of east London builders accused of stealing its name.
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Housing hell
27 July 2007
So you think Britain has an affordable housing problem? Deirdre Hipwell enters the frightening world of Paris’s Clichy-sous-Bois
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North-south divide
27 July 2007
Land values are on the up in the south, but in the north it is a different story.
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RICS to regulate much maligned HIPs scheme
27 July 2007
Second ombudsman scheme approved to regulate home information packs
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Yorkshire house price growth experiences ‘north-south divide’
27 July 2007
Forget the north-south divide. Yorkshire has had just as significant disparity in house price growth over the last 12 months.
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£300m Leeds village gets green light
26 July 2007
Commercial Estates Group has got the go ahead for a £300m village on a brown field site in Leeds.
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Candy-backed resi scheme gets go ahead
24 July 2007
Plans to redevelop two Thistle Hotels in Kensington into a luxury residential scheme have been approved by planners.
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Housebuilders buys Lanarkshire site for new resi development
24 July 2007
Housebuilder Manor Lane has bought a 37-acre site near Bellshill in Lanarkshire to develop a residential site of around 500 homes.
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Kenmore Homes to develop in Thetford
24 July 2007
Kenmore Homes has formed a joint venture partnership with Norwich-based developer Chessfield Estates to build new homes for local and first-time buyers in the historic town of Thetford as part of its Eastern expansion.
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Blears to headline RESI '07
23 July 2007
Hazel Blears, the new secretary of state for Communities and Local Government, is to speak at RESI 07
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Sustainable communities are cost-effective
23 July 2007
Sustainable communities are at least as commercially viable as conventional developments, if not more so, according to research published today by the Prince of Wales.
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An inspector calls
20 July 2007
Company bosses know their piece of UK plc has come of age when the Office of Fair Trading comes knocking on their door, firing off allegations of abuse of power in the name of consumer protection.
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Cass revises real estate masters
20 July 2007
Cass Business School has revised the content of its real estate masters programmes to include the growth of REITs, property derivatives and mortgage-backed securities.
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Gracie Fields’ old house
20 July 2007
A redevelopment of singer Gracie Fields’ old house on Hampstead’s Bishops Avenue is thought to offer London’s rich list the first opportunity to buy a flat rather than a mansion in the road known as ‘Billionaire’s Row’. WillowAcre Investments & Developments is building 14 flats on the site, which is due for completion next month. Flats in the Woods will range from £3.6m to £8.5m.
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Tesco 'estate agency' loses its only partner
20 July 2007
Fish4Homes pulls out three weeks after launch of supermarket’s scheme that bypasses estate agents
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Falls of residence
13 July 2007
Demand far outstrips supply for student bed spaces, says James Fransham
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Glenkerrin clinches £27m Docklands site pre-planning
13 July 2007
3.2 acre industrial Westferry Road site sells for £3.4m more than asking price
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Gulf between north and south grows
13 July 2007
England is turning into a nation of ‘two track’ cities, reinforcing a north-south divide in economic development, says economic think-tank the Institute for Public Policy Research.
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Oracle worker
13 July 2007
Oracle founder David Burke tells Doug Morrison about the company’s reinvention as a housebuilder
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Resi reacts to rate hike
13 July 2007
The residential sector’s reaction to last week’s Bank of England interest rate rise to 5.75% was downbeat. David Stubbs, economist at the RICS, warned that it will ‘further dampen housing demand’.
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Rex Developments and Delph Property Group
13 July 2007
have won planning consent for a £90m mixed-use scheme on Broad Quay in Bristol. The revised plan incorporates the old Bristol & West building and has 120 flats, four shops and a four-star, 176-bedroom hotel. Delph will let and manage half of the flats.
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Sunderland arc submits £130m plans
12 July 2007
Sunderland arc has submitted plans for the first stage of a £130m regeneration project in the city.
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Linden Homes to develop Bristol harbourside scheme
12 July 2007
Linden Homes Western has teamed up with the ss Great Britain Trust to redevelop the old dockyard buildings beside Brunel’s famous ship on Bristol’s harbourside.
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£100m mixed use scheme to be created at Birmingham's Five Ways
12 July 2007
Birmingham Properties Group is to create a £100m mixed use scheme on Five Ways in the Birmingham city centre.
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All the way to the landbank
6 July 2007
Doug Morrison explains the long-term plan behind this week’s merger between Taylor Woodrow and Wimpey
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Central London still beats the regions
6 July 2007
Central London continues to outperform regional housing markets, according to Jones Lang LaSalle’s prime new homes index.
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Homes still house interest
6 July 2007
Interest rate hikes are having only a modest effect on the housing market,
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Pretty lobbys to alleviate plight of ‘new poor’
6 July 2007
Former Barratt chief demands fast-track planning for affordable housing to help first-time buyers
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Sainsbury’s seeks partner for Brum scheme
6 July 2007
Sainsbury’s is seeking a development partner for its £350m mixed-use regeneration scheme at Selly Oak in south Birmingham.
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Grainger gets consent for £100m Hampshire scheme
3 July 2007
Grainger has been granted outline planning consent for a 1m sq ft scheme in Waterlooville in Hampshire.
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Back on the rails
29 June 2007
The south-east’s biggest regeneration project outside the Thames Gateway is earmarked for Eastleigh in Hampshire. Richard Heap reports
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David Wilson plans first homes at Ravenscraig
29 June 2007
Barratt developments-owned David Wilson Homes this week submitted a detailed planning application for the first housing at Ravenscraig near Motherwell, signalling the start of one of Europe’s largest mixed-use regeneration projects.
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Echoes of the past
29 June 2007
Are Gordon Brown’s much-fanfared ‘eco-towns’ just new towns with sustainability policy tacked on? Doug Morrison asks the experts
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Harbouring ambition
29 June 2007
Sellar Property’s radical Portsmouth stadium plan is sailing into stormy waters. Richard Heap reports
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OFT to investigate competition in housebuilding industry
29 June 2007
The Office of Fair Trading is to investigate potential competition issues and consumer concerns in the housebuilding industry.
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Parking mad
29 June 2007
Standard Life’s David Paine is on a mission to fix the car park at Bournemouth’s Castlepoint centre.
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Prime minister Brown unveils first ‘eco-town’
29 June 2007
English Partnerships and Gallagher reveal masterplan for scheme near Cambridge
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The incredible bulk
29 June 2007
The Valuation Office Agency says bulk land values are still rising for now, says Chris Poole
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The man behind the mega-merger
29 June 2007
Barratt Developments’ chief executive Mark Clare explains to Doug Morrison the story behind its £2.2bn takeover of Wilson Bowden
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BPF backs Brown's housing pledge
27 June 2007
The British Property Federation today gave its backing to prime minister Gordon Brown’s promise to ease Britain’s housing crisis by supporting the private rented sector.
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Wimpey warns of housing slow down
27 June 2007
Wimpey, the house builder which is merging with Taylor Woodrow, today warned of ‘less buoyant market conditions’ in the second half of 2007 as rising interest rates continue to sap consumer confidence.
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New town planned in Cambridgeshire
22 June 2007
A new draft masterplan for Northstowe, Cambridgeshire was unveiled today.
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Barratt wins Olympic housing project in Bow
22 June 2007
Barratt Homes ties up with Circle Anglia for 900 homes as chief executive Clare makes green pledge
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Galliford tries in London
22 June 2007
Galliford Try is bidding to fill a gap in London’s development market for homes worth between £400,000 and £1.5m with the launch of a division under the Linden Homes brand.
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Regions lag behind London
22 June 2007
There was further evidence of a two-speed economy this week with forecast annual UK house price inflation at its lowest level, in sharp contrast to a booming central London market.
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Towers inferno
22 June 2007
The regional markets for ‘city living’ skyscrapers are red hot.
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Redcar resi scheme gets go ahead
21 June 2007
Persimmon Homes has received planning permission for its 35 acre coastal Coatham Links development near Redcar town centre in Cleveland after five years in the planning system.
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Kelly to headline Resi07
19 June 2007
`Communities Secretary Ruth Kelly is to be the keynote speaker at `Resi 07’, the conference for the residential property, housebuilding and agency worlds being organised by Property Week for September.
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Places for People selected for Milton Keynes
15 June 2007
Places for People has been selected by English Partnerships as development partner for phase one of West End Central scheme in Milton Keynes.
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Bellway secures housing boost at £5bn Greenwich Peninsula
15 June 2007
Bellway Homes to begin construction on the first phase of £5bn regeneration scheme
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First home scarcity exacerbates affordability crisis
15 June 2007
The debate on housing affordability has been skewed by the misleading assumption that there is a ready supply of property making up the ‘first rung’ of the ladder for first-time buyers, says Hometrack.
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London looks to the east
15 June 2007
The fate of the mayor’s housing policy could be decided east of the capital, says Yolande Barnes
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The Pain in Spain
15 June 2007
The Spanish residential boom is over. Doug Morrison reports from Madrid
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Wolverhampton brewery go-ahead
15 June 2007
Simon Developments and George Wimpey have been granted outline planning and listed building consent for the £70m redevelopment of Wolverhampton’s 19th century Springfield Brewery.
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Oracle reveals £305m Canary Quarter plans
13 June 2007
Oracle Group has revealed plans for its £305m Canary Quarter scheme on the former Indescon Court site at Millharbour in London’s Docklands
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St Martins submits Thames-side resi plans
12 June 2007
Developer and investor St Martins Property Corporation today submitted a planning application to Southwark Council for the redevelopment of a site beside the River Thames
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Humberts announces expansion plans on back of double profits
12 June 2007
Upmarket estate agent Humberts said today that it planned to continue its rapid expansion plans on the back of a sharp increase in profits
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Redrow receives Barking Central approval
12 June 2007
Redrow Regeneration has received approval for the second phase of its Barking Central scheme in east London
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CBRE strengthens French resi footprint
12 June 2007
CB Richard Ellis has bought French residential services company Guy Neplaz Conseil for an undisclosed amount
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A state of flux
8 June 2007
House-price inflation is slowing but interest rate rises have knocked confidence, says David Stubbs
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Black days for Brown
8 June 2007
The move up from chancellor to prime minister will not make the housing crisis vanish for Gordon Brown. Doug Morrison reports
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Developers rain on Spain’s parade
8 June 2007
Madrid’s leading developers have joined a growing band of sceptics in declaring that the decade-long boom in Spain’s residential property market is at an end.
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Gilligan sues Multi over sale of Belfast resi scheme
8 June 2007
Developer claims Dutch company is contractually obliged to sell flats at Victoria Square
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Growth predicted for student digs
8 June 2007
Research by GVA Grimley suggests that investment opportunities for residential student housing in mainland Europe could total £4bn over the next decade.
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Policy ‘acts against family homes’
8 June 2007
Smartnewhomes.com claims the government’s planning policy continues to act against prevailing demand for family homes. Detached housing makes up 26% of new homes, down 17% over three years, while flats have risen to 54%.
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Barratt boss to star at Resi 07
7 June 2007
Mark Clare, chief executive of Barratt, and Nigel Hugill, UK chief executive of Lend Lease, are the latest big additions to Resi 07, Property Week’s event to bring together the commercial and residential property worlds.
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Invista and Bank of America invest £127.5m in resi
1 June 2007
Invista Real Estate has bought a portfolio of 317 houses in south-west England in a joint venture with Bank of America for £127.5m.
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And Dracos off at Newbury
01June 2007
Draco has obtained planning permission to regenerate a long-vacant site in the centre of Newbury, Berkshire, into 72 private residential and affordable housing units.
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Berkeley Homes
01June 2007
Berkeley Homes is launching the grand finale to its Gunwharf Quays regeneration project in Portsmouth: a 29-storey, 100 metre high tower the tallest residential building under construction on England’s south coast. The tower’s 139 flats are offered for sale six months before completion at prices ranging from £200,000 for a 360 sq ft studio to £1.75m for the penthouses.
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Cala wins HBOS backing
01June 2007
Cala Finance has secured a £120m funding package from HBOS that will allow it to double the number of residential schemes it finances across the UK. The company, a subsidiary of housebuilder Cala, finances other developers and, in the last three months, has funded 10 schemes with an estimated completion value of £45m in Scotland, Yorkshire, the Midlands and the south-east of England.
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Hammer falls at £30m for South Bank Uni site
01June 2007
Mount Anvil pays £5m more than asking price for south London site amid fears of oversupply
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Quintain and Lend Lease in Greenwich
01June 2007
Quintain Estates and Lend Lease last week agreed terms to establish a joint venture for developments at Greenwich Peninsula.
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The floating condo
01June 2007
The super-rich can now buy luxury apartments on a 13-deck residential ship.
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Persimmon Homes buys former Manchester hospital
31 May 2007
Persimmon Homes has bought a former hospital to create a residential scheme in Greater Manchester.
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St Modwen and Axa to redevelop Somerset estate
29 May 2007
St Modwen has signed a deal with Axa Sun Life for a £100m scheme in Somerset
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Billionaire salutes former US Navy HQ for £250m
29 May 2007
Richard Caring, the billionaire entrepreneur, has emerged as the buyer of the former US Navy headquarters in London’s Grosvenor Square
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Best of English housing show
25 May 2007
A showcase for the best of English housing goes on display today until 8 June at the Midsummer Place shopping centre in Milton Keynes.
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Flat prices to rise 42%
25 May 2007
Prices of flats are set to rise by 42% over the next five years compared with a 37% increase for other property types, according to the latest forecasts from CB Richard Ellis Hamptons International.
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How to deliver star quality
25 May 2007
A good supply chain is crucial for the delivery of high-quality flats, say Mark Farmer and Paul Moore
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Kelly: HIPs will be delayed until August
25 May 2007
Delay comes after judge says energy performance certificates should be left out for time being
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Salmon leaps into resi joint venture with Aker
25 May 2007
Salmon Developments has formed a 50:50 residential joint venture with Aker Investments, and is already set to work on its first scheme.
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Ventures in Estate agency
25 May 2007
After Apollo’s £1.05bn takeover of Countrywide this month, private equity firms are foraging into the world of estate agencies.
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Quintain and Lend Lease agree terms for Peninsula Quays
24 May 2007
Quintain Estates and Lend Lease have agreed terms to establish a new joint venture company called Peninsula Quays to carry out joint developments at Greenwich Peninsula.
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Hackney student scheme gets underway
23 May 2007
Opal Property Group has started work on site for the creation of its student and health scheme in Hackney
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Government slated over Thames Gateway
23 May 2007
Government housing policy has come under renewed attack following yesterday’s about-turn on the introduction of Home Information Packs.
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BC Partners buys Foxtons
21 May 2007
BC Partners, the private equity firm, has bought estate agent Foxtons for around £390m
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BC Partners up front on Foxtons scent
18 May 2007
BC Partners, the private equity firm, is understood to be in pole position to buy Foxtons, London’s largest residential estate agency.
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Cofton shifts Corby site
18 May 2007
Cofton, the Birmingham-based land regeneration specialist, has achieved £800,000/acre from the sale of a 24 acre site at its Oakley Vale residential development in Corby, Northamptonshire.
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Native Land and Apollo target Chelsea John Lewis site
18 May 2007
Developer and US investor enlist Herzog & de Meuron to support bid
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Circle Anglia buys Deptford site
11 May 2007
Circle Anglia has paid a private investor client of agent John Payne £5.6m for William House on Childers Street in Deptford, south-east London.
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Environmental homes ‘cost an extra £20/sq ft’
11 May 2007
Building green developments towards a zero-carbon standard costs an additional £20/sq ft, CBRE Hamptons International has found.
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King Sturge buys Bettisons
11 May 2007
King Sturge has bought Plymouth-based agent Bettisons as it continues to roll out the expansion of its residential business across the UK.
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Suburban regeneration
11 May 2007
Sustainable development should not be restricted to the inner cities.
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Twice as nice
11 May 2007
Resi investment market is double the size of commercial market, say Yolande Barnes and Jacqui Daly
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Cala homes in on Milton Keynes
4 May 2007
Cala Homes has bought its first site in Milton Keynes with planning consent for 107 houses.
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Israeli bank ends 12-year wait for County Hall scheme
4 May 2007
Frogmore and Galliard Homes secure £225m from Hapoalim for 1 Westminster Bridge apart-hotel
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King Sturge builds Scots resi team
4 May 2007
King Sturge is stepping up its residential presence in Scotland with a new team in the Glasgow and Edinburgh offices.
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PPS3 to hit housebuilders’ profits
4 May 2007
The Government has come under further attack over its new planning policy statement, PPS3.
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Slowly does it
4 May 2007
Although UK house prices are 12% higher than last year, the market is slowing,
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St Modwen to be chosen for 1,000 acre development in south Wales
3 May 2007
St Modwen is poised to be named as the developer of a 1,000 acre (405 ha) mixed-use development site in south Wales.
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Frontier Estates to cross resi threshold with 2,000 homes
27 April 2007
New subsidiary already has consent for part of £325m development pipeline
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Londonewcastle doubles money in £19.4m sale to Unite
27 April 2007
Londonewcastle, the residential developer, has more than doubled its money in just a year by selling a development site in London’s Southwark.
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Stable for now
27 April 2007
The north-west’s flat housing market would be hit by a hike in interest rates, says Phil Percival
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The world’s tallest residential building
27 April 2007
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Argent and King’s Cross objectors reach compromise
24 April 2007
The High Court hearing scheduled today between objectors of the King’s Cross development and Argent has been cancelled
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Campaigners halt Sloane Square road proposal
24 April 2007
Campaigners have won their battle to stop Kensington and Chelsea Borough Council building a four-lane road through Sloane Square to ease traffic congestion
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Green light for Chicago Spire
20 April 2007
The Chicago Planning Commission has granted planning permission for The Chicago Spire – the tallest residential building in the world.
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Base instinct
20 April 2007
Although only five years old, First Base is about to become London’s busiest resi developer. Doug Morrison met directors Elliot Lipton and Richard Powell, in front of Adelaide Wharf.
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Exeter attracts Spring resi growth
20 April 2007
Spring, Castlemore’s residential and regeneration subsidiary, has acquired a 5 acre (2 ha) site on Chancel Lane in Pinhoe, Exeter, from Oxford-based Panamint Properties.
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HIPs fail to hit home
20 April 2007
Only 20% of consumers have seen the government’s adverts promoting the mandatory roll-out of home information packs on 1 June, according to a survey by pack provider Spicerhaart.
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Prices of country houses
20 April 2007
Prices of country houses rose by an average of 3.1% in the first quarter of the year, leading to an annualised price growth of 12.4%, the highest rate for the sector since 2000, Knight Frank research has shown. Manor houses, such as Mildmay House (above) in Twyford, Hampshire, continue to make up the strongest performing subsector with average growth of 3.5% in the quarter.
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Second homes still first choice for UK residents
20 April 2007
Rising prices have failed to dampen demand for second homes.
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Ten councils fight ‘unlawful’ plans for Harlow North
20 April 2007
Government faces legal challenge over inclusion of new Essex town in east of England plan
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Residential returns climb
19 April 2007
UK residential returns climbed to 16.8% in 2006 – the first increase in investment performance for three years.
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Dandara submits Glasgow mixed-use plans
16 April 2007
Developer Dandara has today submitted a detailed planning application for a £180m mixed-use scheme in Glasgow
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Ampurious buys Deptford site
13 April 2007
Ampurious Nu-Homes has paid a private investor advised by John Payne £6.6m for Kent Wharf, overlooking Deptford Creek in south-east London.
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Endangered species
13 April 2007
Housebuilders are only developing a third of new housing, says Yolande Barnes
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Imagine to seal quick sale of Chelsea flats to investor
13 April 2007
Grant Bovey’s company in talks with single purchaser to sell 12-flat, £48m Cheyne Wharf scheme
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McGinnis buys Inverness land for resi development
13 April 2007
Inverness Property Development, a consortium of private investors, has sold the remainder of its residential development site at Slackbuie in Inverness to Irish housebuilder McGinnis Group for £18m.
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Oracle moves to mixed-use arena
13 April 2007
Residential-led developer Oracle Group is stepping up its presence in mixed-use regeneration, following a series of site purchases in the south of England.
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Candys gatecrash Beverly Hills
11 April 2007
Luxury residential developer Candy & Candy has sealed a global double by agreeing a $500m (£255m) deal to buy a key site in Los Angeles’ Beverly Hills.
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Project Blue splashes £600m on Chelsea Barracks
10 April 2007
Christian Candy and Qatari Diar Real Estate Investment Company have bought London’s Chelsea Barracks for £600m.
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Barking Riverside invites designs
05 April 2007
Barking Riverside, the joint venture between English Partnerships and Bellway Homes, is inviting architects to submit ideas for the first 4,000 homes on the east London site.
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Ombudsmans recruitment drive
05 April 2007
The company behind the Ombudsman for Estate Agents scheme is stepping up its drive to attract more firms as members.
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Slowly does it
05 April 2007
House prices are still rising, but the rate of increase is slowing down
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Super agency renews investor interest in regeneration
05 April 2007
Communities England ‘potentially very good news’ say developers
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The estates were in
05 April 2007
Lynsey Hanley fears that many of today’s housing estates are failing to learn the lessons of Britain’s recent history
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Watford FC gets permission for £32.5m scheme
4 April 2007
Watford Football Club and housing association Origin Group have been granted planning permission for the first phase of the £32.5m redevelopment of the football club’s stadium at Vicarage Road.
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Real Estate Opportunities appoints Vinoly for Battersea
4 April 2007
Real Estate Opportunities has appointed one of the world’s most famous architects to devise a masterplan for its controversial Battersea Power Station project.
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Appeal court ruling brings more red tape
30 March 2007
The recent Court of Appeal decision in the case of Scottish & Newcastle v Raguz places a significant burden on those landlords wishing to protect their ability to recover arrears from former tenants or guarantors.
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Budget backlash
30 March 2007
Gordon Brown’s promises have met with scepticism from resi professionals.
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Case news
30 March 2007
Jonathan Ross reports on a right-of-way decision against West Yorkshire Police, and Warren Gordon looks at a row over who benefits from a rise in property values
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Making the grade
30 March 2007
Rising standards of student accommodation are an opportunity, say Frank Tidman and Paul Moore
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Moving costs triple under Labour government
30 March 2007
The cost of moving house has more than tripled over the 10 years that Labour has been in power, says research by Propertyfinder.com. Overall costs now average £9,486, up from £2,925.
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Ridgeford wins double Fitzrovia bid
30 March 2007
Consent granted for resi-led hospital and Weymouth Street schemes
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Docklands resi scheme unveiled
28 March 2007
Galliard Homes and Oracle Homes today unveiled their mega London Docklands residential scheme.
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A new method
23 March 2007
A new method of building houses using digital design technology is being hailed as ‘a major advance’ in sustainable development. Devised by architect Bell Travers Willson, the Digital House combines the advantages of high-speed construction and low costs. It also claims to offer bespoke designs because the technology allows every part cut to be different.
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Demanding times ahead
23 March 2007
Brownfield sites look set to meet the rising demand for housing in the south-west, says John Bennett
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Gladedale’s Scots JV plans are a Wishaw thing
23 March 2007
Gladedale has joined forces with Scottish housebuilder Stewart Milne to develop a £50m housing scheme in Lanarkshire.
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Hamers Odyssey
23 March 2007
New ombudsman for estate agents Stephen Hamer is hopeful his body will become the government’s redress scheme of choice. Doug Morrison reports
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Home information packs are ‘chaotic’, protests industry
23 March 2007
RICS leads charge against their introduction, claiming government has ignored its concerns
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Quintain Wellcomes student housing JV
21 March 2007
Quintain Estates has entered into a joint venture with the Wellcome Trust to fund and develop student accommodation
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REO to repair Battersea
20 March 2007
Real Estate Opportunities assured English Heritage that it will repair Battersea Power Station at a meeting held last week.
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Bruce Ritchie’s London
16 March 2007
Residential Land’s managing director tells Doug Morrison about his £1bn assault on the capital’s investment market
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Leicester-based Raynsway
16 March 2007
Leicester-based Raynsway Properties has sold the 115,000 sq ft (10,600 sq m) Stanford Hall in Lutterworth for £6.25m to Chek Whyte, head of local construction group Chek Whyte Industries. A planning application has been submitted for a hotel and flats. Savills advised Raynsway.
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Mill Hill barracks to become homes
16 March 2007
Annington Homes and Countryside Properties have joined forces to redevelop part of the former Inglis Barracks in Mill Hill, north London, into luxury homes.
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Public’s nimby opposition to development strong as ever
16 March 2007
Survey reveals one in six local residents oppose planning applications
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Annual tourism growth
09 March 2007
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Annual tourism growth
09 March 2007
Annual tourism growth of 6% in the Dominican Republic has helped make it a ‘Caribbean property hot spot’, according to MRI Overseas Property, which claims one in seven Britons wishing to buy abroad would consider making an investment in the country.
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Deregulation danger
09 March 2007
Threats to the private rented sector put the whole market at risk,
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Developers missing a trick on sale of utility pipes
09 March 2007
1,000-home schemes could be giving away up to £1m to utility companies
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European Resolution
09 March 2007
A UK developer is leading the charge into residential investment on the continent.
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School lotteries threaten sustainable housing
09 March 2007
Sustainable housing may be the first casualty of government proposals to allow education authorities to use lotteries to prevent middle-class children dominating the best secondary schools.
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Crest/Quintain’s green nod
2 March 2007
Crest Nicholson and BioRegional Quintain’s standing as an eco-friendly force in the market increased last week when they secured planning consent for their One Planet Living Community in Brighton.
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Estate agents ombudsman enlists consumer champions
2 March 2007
Borrie and Best on board, but HIPs row rumbles on
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Move on up
2 March 2007
House prices have gone up for the 15th month in a row, despite interest rate rises, says Milan Khatri
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Tooled up
2 March 2007
The Urban Regeneration Toolbox launches next week at the House of Commons. Its editor, Lee Mallett , gives us a sneak preview
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Buller’s busy Bee Bee to step up Northants development
23 February 2007
Developer to submit plans for 12,000 homes for Corby, Kettering and Wellingborough
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City thumbs up for Barratt’s Wilson Bowden buy .....
23 February 2007
Barratt Homes’ £2.2bn takeover of Wilson Bowden has won important City of London support with a strong buy note from Merrill Lynch housing analyst Mark Hake.
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Design for strife
23 February 2007
CABE’s report on design condemns 82% of housing built in the last five years.
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The south pull
23 February 2007
Land values continue to rise in the south-east,
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UKs resi boom
23 February 2007
UK’s resi boom threatens last orders for pubs
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Cooper in a corner
16 February 2007
Yvette Cooper stands accused of breaching planning rules in allowing a 10,000-home extension to the Essex town of Harlow.
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Estate agent ombudsman enlists Foxtons
16 February 2007
Christopher Hamer, the new Ombudsman for Estate Agents, is claiming an important victory after two months in the job by signing up London firm Foxtons to the voluntary scheme.
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Fairview prepares operation at Colindale Hospital
16 February 2007
Fairview New Homes is to redevelop the derelict Colindale Hospital in Barnet, north London, into 700 homes.
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Morley bags £100m Gloucester project
16 February 2007
Fund manager and Thornfield chosen for city regeneration scheme
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The rate debate
16 February 2007
Buy-to-let landlords love the interest rate hikes that force more homebuyers out of the market but also squeeze margins.
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Gladedale builds own hopes for UK top 10
9 February 2007
Housebuilder to consolidate brands to boost position in industry
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ING Real Estate
9 February 2007
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PPS3 to suppress small schemes’ values, says Allsop
9 February 2007
Land values for small residential development sites in England and Wales could fall after 1 April when the government’s planning policy statement 3 (PPS3) comes into full force, according to Allsop.
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Slade’s retirement plan
9 February 2007
Mike Slade’s Helical Bar is reinventing itself through upmarket retirement homes.
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Stuck in the mud
9 February 2007
Brownfield land value growth will be lucky to top 1% in 2007, says Yolande Barnes
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CBRE Hamptons consolidates for mixed-use push
2 February 2007
CB Richard Ellis and Hamptons International are to increase their involvement in mixed-use development through their residential consultancy joint venture.
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Corby renaissance commences
2 February 2007
Corby’s regeneration is under way after the borough council granted planning consent for two landmark buildings in the Northamptonshire town last week: a £32.6m ‘civic hub’ and an £18m international-standard swimming pool.
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Moving with the times
2 February 2007
House prices continue to rise but new-buyer enquiries have levelled off,
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Russian millionaires drive luxury housing revolution
2 February 2007
Knight Frank research shows no let-up in wealthy buyers ploughing money into upmarket UK homes
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The weakest links
2 February 2007
Utility groups are failing to hook up power services to residential schemes.
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Urban mixed-use development
2 February 2007
Urban mixed-use development specialist Lane Castle has won planning permission for the redevelopment and restoration of the old Paynes and Borthwick Wharves on the River Thames at Deptford, south-east London. The scheme comprises 247 homes and 38,000 sq ft (3,530 sq m) of commercial space and will open up the river front to the public. Construction starts this spring and is due for completion in 2009.
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Communities England: the reaction
26 January 2007
Doug Morrison talks to six industry figures about the merger of English Partnerships and the Housing Corporation
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Following the band
26 January 2007
Early valuation can take the sting out of Council Tax for buyers and developers,
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Londonewcastle scores £140m Wembley site
26 January 2007
Mixed-use project marks departure from central London for developer
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Poplar Housing and Regeneration Community Association
26 January 2007
Poplar Housing and Regeneration Community Association has chosen Countryside Properties as its development partner for the regeneration of the Leopold Estate in Tower Hamlets in east London. The project involves 480 mixed-tenure homes and, subject to planning, the first phase is due to start this year.
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Taylor welcomes English Partnerships’ successor
26 January 2007
David Taylor, the former chief executive of English Partnerships, has welcomed the government’s move to merge the national regeneration agency with the Housing Corporation and create a super agency called Communities England.
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Amec Developments to be sold as going concern
19 January 2007
Engineering group unlikely to sell off development arm piecemeal
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Barratt braves rate rise
19 January 2007
Barratt Developments has issued an upbeat trading statement following the Bank of England’s shock quarter-point interest rate rise last week to 5.25%.
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Prime timeshare
19 January 2007
Fitness First’s founder and a top retail entrepreneur are backing an investment club for upmarket holiday homes.
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SimpliBulgaria
19 January 2007
SimpliBulgaria claims Bulgaria’s EU accession this month could lead to house price rises of more than 70% over the next five years. ‘Bulgaria is to receive more EU funds per capita than any other previous accession country,’ says Chris Downham, a director at the UK-based developer, whose flagship scheme is Geshaview village near Veliko Tarnovo.
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Buy to let continues despite "overheating" fears
12 January 2007
Residential investors are set to increase their holdings this year despite fears that the buy-to-let sector is in danger of overheating.
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Chocks away
12 January 2007
St Modwen is leading a pioneering initiative to release surplus Ministry of Defence land for housing.
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First-time buyers move on
12 January 2007
Stability of UK market and prospects for growth will attract overseas investors,
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Londonewcastle and Rugby plan £35m Iconic City scheme
12 January 2007
Joint venture buys London site for 150,000 sq ft mixed-use development
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Power houses
12 January 2007
Energy-saving homes will be the norm in 100 years’ time but housebuilders are under pressure to build zero-carbon developments by 2016.
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Urban Splash
12 January 2007
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Will they gateway with it?
12 January 2007
One of the biggest housing schemes in Europe is planned for Barking.
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Homebuilders erect green housing think-tank
05 January 2007
National Centre for Excellence in Housing to help developers meet zero-carbon targets
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Price and prejudice
05 January 2007
First-time buyers will be left out in the cold in 2007.
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Rising to the occasion
05 January 2007
House sales are booming but interest rate rises may yet bite, says Milan Khatri
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Scots house prices hit 15.2% annual growth
05 January 2007
House prices in Scotland have risen by more than double the UK average over the last year, according to a joint venture between CB Richard Ellis and Hamptons International.
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Taylor Woodrow
05 January 2007
Taylor Woodrow has raised more than £5.2m from the sale of a 0.93 acre (0.38 ha) site at Macintosh Village in south Manchester to Asquith Properties. The site (second tower from right) comes with planning consent for 231 flats. Knight Frank advised Taylor Woodrow.
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Al-fayeds feud
15 December 2006
Harrods owner Mohamed Al-Fayed is heading for the Lands Tribunal in a multi-million pound dispute about his annual rates bill.
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All points to north London for Lyons and Conway
15 December 2006
Matterhorn Capital follows purchase of British Land HQ with Mill Hill college
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Brown eliminates key tax avoidance techniques
15 December 2006
Chancellor outlaws three most popular ways to avoid Stamp Duty Land Tax
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Conran studies Leicester Uni halls
15 December 2006
Terence Conran’s Conran & Partners and Square Foot Properties have submitted plans to convert the University of Leicester’s halls of residence into high-quality flats.
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Green doesn’t mean go
15 December 2006
Homebuyers want to save money more than the planet
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Green homes exemption from SDLT ‘a start’
15 December 2006
Developers and tax advisers have given a lukewarm reception to the chancellor’s announcement last week that new carbon-neutral homes will be exempt from Stamp Duty Land Tax from April for three years.
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Something bold, Something new
15 December 2006
Barratt’s David Pretty was among the big-name winners at last week’s Regeneration Awards
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Thurrocks designs on Gateway
15 December 2006
Housing association Family Mosaic, the East of England Development Agency (EEDA) and Thurrock Thames Gateway Development Corporation have joined forces to pay £21m for a 22 acre (10 ha) brownfield site in Thurrock, Essex.
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...but Ealing to miss housing
08 December 2006
The London Borough of Ealing will fail to meet its residential planning targets over the next five years, resulting in significant undersupply of housing, warns CB Richard Ellis Hamptons International.
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CATCH-22
08 December 2006
Developers face a dilemma as ministers demand both quality and quantity. Doug Morrison reports
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EP unveils brownfield proposals...
08 December 2006
English Partnerships claims that brownfield land will be used more effectively as a result of new proposals it hopes to submit to the government early in the new year.
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Kenmore takes first green Footstep with expansion push
08 December 2006
Launch of energy-efficient housing subsidiary coincides with growth and record sales
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Social security
08 December 2006
Efficiency is key for affordable housing, say Paul Moore and Richard Jones
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Webber Douglas Academy of Dramatic Art
08 December 2006
The Webber Douglas Academy of Dramatic Art has sold its headquarters building at 30/36 Clareville Street in south Kensington, central London, to Princedale Partnership for £5.25m. It will be redeveloped into three houses. Knight Frank advised the academy, whose past students have included playwright Steven Berkoff and actors Terence Stamp and Minnie Driver.
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Castle Hill
01 December 2006
Lathams Architects has won planning consent for an ‘ultra-modern’ yet environmentally friendly redevelopment of a grade II-listed Georgian house in Bakewell, in the heart of the Peak District National Park. Developer Cathelco is to convert Castle Hill into two homes.
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Land shortage fuels Welsh house price rises
01 December 2006
A shortage of development land is forcing up Welsh house prices, a study by Atisreal and Cardiff Business School has found.
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Linden Homes drinks in Hatfield and Welwyn locals
01 December 2006
Housebuilder to develop on land around two pubs in Hertfordshire
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OK for Edinburgh’s ‘Little Venice’
01 December 2006
A canalside residential scheme by Mactaggart & Mickel and Miller Developments in the Fountainbridge district of Edinburgh has been given the go-ahead by planners.
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Onward and upward
01 December 2006
House prices have risen for a 12th quarter and show no signs of stopping
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To Baldry go …
01 December 2006
… where no woman has gone before: Prudential, Chesterton, the Thames Gateway and now the Olympic Delivery Authority. Stuart Watson meets Lorraine Baldry
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Britains fertile ground
24 November 2006
Foreign investors are driving agricultural land prices up
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Millers Salford school trip
24 November 2006
Miller Homes and Seddon Group have won planning permission for a residential redevelopment of a former school in Salford, which it is hoped will kick-start the regeneration of the Charlestown and Lower Kersal area of the city.
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Roosecote Raceway
24 November 2006
Roosecote Raceway in Barrow-in-Furness could be turned into housing. Landowner the Hacking Trust hopes to raise £6.5m from the sale of the stock car racing circuit. The 22 acre (9 ha) site is being sold without planning consent. Hacking and agent Savills hope to capitalise on Barrow Borough Council’s need for 1,500 homes over the next 10 years.
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Scotlands phoenix
24 November 2006
Despite the efforts of Land Securities and British Land, Europe’s biggest regeneration project, Wilson Bowden’s £1bn redevelopment of Ravenscraig, is finally under way.
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Scots resi complaints rise
24 November 2006
Poor communication is leading to confusion and increased complaints in the Scottish residential property market, according to the RICS’s ombudsman north of the border.
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Thames Gateway transport to create ‘haves and have nots’
24 November 2006
DTZ report, unveiled at Forum, reveals uneven transport and infrastructure investment
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Thanks to you, the rogues’ days are numbered
24 November 2006
Ian McCartney looks forward to an accountable residential agency sector
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Base rate rise is ‘dangerous’ for new homes
17 November 2006
The Bank of England’s 0.25% base rate rise last week to a five-year high of 5% drew a mixed response from the residential sector.
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Calas Huddersfield win
17 November 2006
Cala Group has won detailed planning permission for a residential scheme on one of the largest available brownfield sites in West Yorkshire.
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Kelly to call for Thames Gateway design offensive
17 November 2006
Communities secretary to unveil new housing policy at next week’s forum
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Ridgeford Properties
17 November 2006
Ridgeford Properties has applied for planning consent for 12 luxury flats, totalling 22,000 sq ft (2,043 sq m) at 10 Weymouth Street in Marylebone, central London. Designed by Ken Shuttleworth’s Make practice, it will have environmental features, including a ‘Green meadow roof’. Work is scheduled to start next October 2007 for completion by 2009.
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The flat pack
17 November 2006
Home Factory is seeking inspiration from Ikea for its new range of affordable prefabricated housing. Doug Morrison reports
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Where 55s the limit
17 November 2006
Christine Eade visits the site of developer Countryside’s controversial retirement village at Cliveden in Buckinghamshire
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Chase on the case
10 November 2006
Property Week’s Regulate Resi Now campaign has already forced trade minister Ian McCartney to take steps to kick the cowboys out of residential estate agency. Next week’s Consumer Bill is likely to include the launch of an ombudsman scheme, and now RICS president Graham Chase is picking up the baton and preparing for the institution to take on the role of regulator.
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Linden Homes
10 November 2006
Linden Homes has bought two brownfield sites in Windsor, Berkshire. It has paid a private investor £4m for 2.3 acres (0.9 ha) on Vale Road where it plans 53 flats and a care home. It has also paid East Berkshire College an undisclosed sum for a 2 acre (0.8 ha) site on Claremont Road (pictured), where it plans 50 homes.
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RICS back in frame to oversee HIP licensing
10 November 2006
RICS chief and housing minister meet to resolve simmering row
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Stretching a point
10 November 2006
House prices are rising faster than earnings
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Basildon Renaissance paints
03 November 2006
Local partnership seeks private sector developer for retail-led masterplan
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Ghost station
03 November 2006
With Eurostar cutting Ashford from its international rail route, can the ‘growth town’ still fulfil its ambition?
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Government criticised for ‘speed over quality’ planning bias
03 November 2006
The government has come under attack over its commitment to offering financial incentives to councils based on the speed and number of housing planning applications they process.
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Ravenscraig Steelworks
03 November 2006
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Resi’s September sun
03 November 2006
Prices are up, but the gap is widening between fast and slow growth areas
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Bellway joins Coplan for Ilford resi scheme
27 October 2006
Housebuilder to bid for £100m Essex development
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Feast in the east
27 October 2006
Demand for development land is outstripping supply in the east of England, says Mark Catley
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Four developers to regenerate north Staffs
27 October 2006
Four developers have been chosen to regenerate run-down neighbourhoods in north Staffordshire as part of the government’s Pathfinder programme designed to reverse housing market failure in the Midlands and north of England.
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Making cities last
27 October 2006
Sustainability dominated debate at the British Urban Regeneration Association’s annual conference.
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Urban Eye Development
27 October 2006
Urban Eye Development, backed by Lloyds TSB Corporate Markets, hopes to raise £7.5m from the sale of 19 luxury ‘duplex’ flats built on the site of a former scout hut on Dog Kennel Hill in east Dulwich, south London. Urban Eye expects to sell the flats by mid-November before starting on a nearby development, also funded by Lloyds TSB.
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Housing chiefs attack regeneration red tape
20 October 2006
Berkeley head criticises bureaucracy at British Urban Regeneration Conference
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Phoenix Initiative
20 October 2006
Coventry City Council’s Phoenix Initiative was one of eight winners at the British Urban Regeneration Association’s best practice in regeneration awards, unveiled at the association’s conference in Milton Keynes last week. The project was deemed ‘outstanding’ by the judges.
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Severn’s seven
20 October 2006
Next week Gloucester Heritage will unveil a £1bn regeneration programme.
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So farley so good
20 October 2006
Ziff and Vandermolen reveal Farley Group’s strategy.
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St Martins Property Corporation
20 October 2006
St Martins Property Corporation claims its 204,000 sq ft (18,952 sq m) 150 Cheapside is the first City of London office scheme to achieve an ‘excellent’ rating under BREEAM (Building Research Establishment Environmental Assessment Rating). It will be completed in spring 2008.
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UK Green Building Council to launch in spring 2008
20 October 2006
British Land and LandSecs among members pledging £600,000 for environmental movement
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Wimpeys care home buy
20 October 2006
George Wimpey has Bought a former care home with planning permission for residential development for £4.4m from Care UK and the London borough of Richmond.
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Buy to let comes of age
13 October 2006
Debt-saddled investors overexposed to a single asset class? A bubble about to burst? Buy to let has its critics, but after 10 years, a new report claims it is here to stay.
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Londonewcastle buys Camden Lock site
13 October 2006
Developer plans to transform part of Muppets London studio into homes
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Sound of the suburbs
13 October 2006
Large out-of-town schemes call for a very different set of skills, says Yolande Barnes
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Buyers prepare to charge for Chelsea Barracks
06 October 2006
Westminster City Council was this week expected to rubberstamp a planning brief for the residential development of Chelsea Barracks in central London, paving the way for one of the capital’s most eagerly anticipated site sales.
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DIY enthusiasts
06 October 2006
Property companies are rethinking their readiness to outsource housebuilding.
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East of England Development Agency
06 October 2006
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Economy drive
06 October 2006
A strong economy is the force behind accelerating house prices, reports Milan Khatri
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Online measure of carbon footprint
06 October 2006
Oxford Brookes University has developed a new way to map household carbon emissions so that occupiers can measure the effect of their home on the environment.
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Prescott’s Thames Gateway policy is failing families
06 October 2006
Hundreds of high-density flats will not fulfil Sustainable Communities Plan goals
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Linden presses government for housing answers
29 September 2006
Linden Homes has called on the government to take action on land and housing shortages following last week’s damning report from the Joseph Rowntree Foundation on the affordability crisis in parts of the UK.
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Loft identity
29 September 2006
A residential agent has been awarded CoolBrand status.
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PMG and Barratt to take i-pads to Wales
29 September 2006
Consent given for £65m residential redevelopment of Addis factory site in Swansea
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Claymoss Properties
22 September 2006
Plans have been unveiled for Claymoss Properties’ energy self-sufficient tourist destination, Evolution Leisure Village, near Newcastle-under-Lyme. The 800 timber lodges will be powered by a wind turbine.
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Eton College home victory
22 September 2006
Eton College is claiming a landmark planning decision after successfully appealing for a housing scheme on its 66 acre (27 ha) greenfield site at Richards Way in Cippenham, Slough.
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Will REITS solve Britain's housing crisis?
22 September 2006
Property’s big guns met last week to assess the possibilities for residential REITs.
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A northerly direction
15 September 2006
Northern Irish house prices are among the fastest rising in the UK. But is the market overheating? Deirdre Hipwell reports
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Bristol hails planning framework
15 September 2006
Bristol City Council has claimed that new regional planning guidelines could spark a development ‘boom’ in parts of the city that have so far missed out on the wealth and opportunities created elsewhere in Bristol and across the south-west.
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Scientific approach ‘could speed up planning’
15 September 2006
Science could play a key role in speeding up the development of contaminated brownfield land by making it easier to prove who is responsible for pollution, according to experts at Queen’s University Belfast.
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The new converts
15 September 2006
Flat refurbishments need careful planning to make them pay
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Detached homes shortage fuels 6% price rise
08 September 2006
Severe shortages of detached family homes have fuelled average price rises of 6%, three times the rise in flat prices over the last year, according to Linden Homes.
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Five-star row
08 September 2006
Investors who bought flats off plan in Birmingham’s Beetham Tower are refusing to complete the purchase, claiming the flats do not live up to the promised luxury.
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Heygate Estate
08 September 2006
Loates Taylor Shannon and de Rijke Marsh Morgan were among five architects chosen last week to design the next five housing schemes that will replace the 1960s Heygate Estate in Elephant and Castle, south London. S333, Panter Hudspith and Cartwright Pickard were also named last week. Architects have now been appointed for 11 of the schemes and four more are due to be announced this month.
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Ritchie’s Residential Land snaps up Pimlico block
08 September 2006
Seven flats on Thames acquired from Robert Bourne
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BBC picks Glasgow resi developer
01 September 2006
The BBC has appointed Applecross Properties to turn its broadcasting centre in Scotland into a residential development.
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Feel the heat
01 September 2006
House prices are rising at their fastest pace for two years.
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JER Partners and European Commercial Assets
01 September 2006
JER Partners and European Commercial Assets have acquired from a variety of private investors 10 residential and mixed-use properties in Berlin, Germany, for €40m (£27.1m). It is their fifth transaction in the city this year taking total spending to €200m (£135.5m). The pair plan to increase the value of their investment through rental growth, refurbishment and modernisation. The gross yield is 7%-8%.
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Lords will rule on New Bond Street right-to-buy case
01 September 2006
Decision on whether antique dealer’s rented property is a house crucial to landlords
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Stuck in the works
01 September 2006
Thames Gateway developers say planning applications are taking longer than ever.
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Use growth areas, report urges
01 September 2006
The Institute of Public Policy Research has called on the government to make further use of its four growth areas to meet the UK’s housing needs.
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Capital intensive
25 August 2006
Affordable housing quotas are pushing up prices and densities in London
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Greenfield land prices rise 2.1%
25 August 2006
The residential land market recovered during the second quarter of 2006, and greenfield sites showed the strongest rises following a long period of low growth, according to research by Savills.
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Housebuilder slams Thames Gateway planning bottleneck
25 August 2006
Weston Group blames planning authorities for delays in developing 840 homes
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Linden Homes
25 August 2006
Linden Homes has won planning consent to redevelop the 9.4 acre (3.8 ha) Cattle Market in Chippenham, Wiltshire, into 256 homes. North Wiltshire District Council gave consent within 12 weeks. The scheme is designed to provide energy-efficiency benefits.
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Winning the franchise
25 August 2006
Winkworth pioneered franchising in estate agency, but will the increasingly popular model help or hinder the government’s crackdown on rogue agents?
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Changing of the Shard
11 August 2006
Transport for London’s widely anticipated prelet is set to give the offices, residential and hotel mix that is the ‘Shard’ a new lease of life.
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Hitchcox plans towers north by north-west
11 August 2006
Manhattan Loft founder to build £130m Manchester scheme and Europe’s tallest resi tower in Leeds
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Hotter than July
11 August 2006
Last summer UK housing was in the doldrums, but Barratt’s latest trading statements show confidence in the market is on the rise.
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House prices will continue to rise after interest rate hike
11 August 2006
Residential prices will grow on back of imbalance between supply and demand
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Knight Frank
11 August 2006
The Knight Frank Prime Country House Index shows a 3.9% rise in average country house prices during the three months to the end of June 2006 – the highest rate of growth since March 2004. The value of manor houses such as the £2.8m Old Pond House in Windsor, Berkshire (above), rose by 10.2% in the year to June 2006.
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Mix and match
11 August 2006
Getting the different components to work together is one of the toughest challenges in developing a mixed-use scheme.
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St James Reading envirohome
11 August 2006
St James Group claims to be the first UK housebuilder to offer prospective buyers a package of eco-options for their new homes after unveiling ‘envirohome’ at its Kennet Island scheme in Reading.
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A rare freehold residential development site
04 August 2006
A rare freehold residential development site in Wimbledon, south-west London, is for sale with the added bonus of planning consent for three 5,000 sq ft (465 sq m) detached houses, designed by Richard Rogers Partnership. Agent Farleys is inviting best bids for the Home Park Road site by 11 August.
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Britain on the blocks
04 August 2006
What will the regions gain from the 2012 Olympic Games? Doug Morrison visited Ely with Lord Coe to find out
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Hospital site sales set record prices
04 August 2006
Royal West Sussex NHS Trust has raised £20m from a series of site sales at St Richard’s Hospital, Chichester, which its agent, Atisreal, said has set record land prices in the area.
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Savills joins lobby for resi regulation
04 August 2006
Sebag-Montefiore to write to trade minister
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Wind in the sales
04 August 2006
The World Cup failed to deter house buyers
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English Partnerships
28 July 2006
English Partnerships has selected the Crest Nicholson-led Sixtyk Consortium to develop the last site in its ‘design for manufacture’ competition. The former Rowan High School in Merton, south London, is one of the largest sites in the competition to build a home for £60,000 and will consist of 227 houses and flats.
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Flat oversupply leads to price fall
28 July 2006
Prices of newly developed flats fell 1% in June, reinforcing concerns that too many high-density properties are being developed at the expense of family homes, according to Smartnewhomes.com.
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Home help
28 July 2006
Housebuilders Persimmon, Taylor Woodrow and Bovis have made successful bids for Housing Corporation cash.
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Kelly delays decision on English Partnerships merger
28 July 2006
Government extends review of merger between agency and Housing Corporation
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David Wilson on track for Newbury Racecourse housing project
21 July 2006
David Wilson Homes has been named ‘preferred developer’ for a residential project on 50 acres (20.23 ha) on the Newbury Racecourse estate, Berkshire.
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Home-making
21 July 2006
Is ‘flat-pack’ construction a green approach to housebuilding? Christine Eade reports from Germany
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Housebuilders receive £100m subsidy for affordable homes
21 July 2006
Wimpey and Bellway are latest developers to secure grants from Housing Corporation
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Residential Land’s latest central London push
21 July 2006
Residential Land, the property vehicle of investor Bruce Ritchie, has acquired a portfolio of 14 freehold houses in Balvaird Place and Lindsay Square, London SW1.
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Too much of a good thing
21 July 2006
The government’s plans to develop large numbers of homes may fall foul of market trends
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A victory for common sense
14 July 2006
Property Week’s campaign to clean up residential estate agency culminated in a showdown with Department of Trade and Industry minister Ian McCartney. Doug Morrison reports on how he accepted many of your demands
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Cofton submits resiCofton submits resi plans for Kent quarry
14 July 2006
Brownfield developer proposes 1,000-home lakeside scheme near Hythe
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Spring blooms in Bristol with first consent
14 July 2006
Spring Residential, Castlemore’s recently launched housing regeneration subsidiary, has secured its first development site following Bristol City Council’s decision last week to approve detailed planning permission for the next phase of Temple Quay 2.
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Barratt and Notting Hill plan keyworker tower
07 July 2006
Housebuilder’s latest regeneration project is part of English Partnerships’ London-Wide Initiative
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Buoyant May raises sales
07 July 2006
After a flat April, new jobs pushed up newly agreed sales
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Duo picked for Neath urban village
07 July 2006
Edward Ware Homes and Atlantic Property Developments have been selected to develop the first phase of the 1,000 acre (400 ha) Coed Darcy Urban Village at Llandarcy near Neath in south Wales.
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Pipe dreams
07 July 2006
As the south-east drought continues, MPs have called on the government to adopt a more strategic approach to providing housing infrastructure.
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Wimpey drives into former Coventry car plant
07 July 2006
George Wimpey has negotiated one of its biggest land deals this year with the acquisition of more than half of Peugeot Citroen’s Stoke plant in Coventry, where there is capacity for 1,400 homes worth up to £200m.
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Car parking and carbon
30 June 2006
Developers must balance buyers' desires with the green demands of planners, says Kevin Chrisp
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Elephant and Castle crowns affordable home architects
30 June 2006
Six firms chosen to design separate elements as replacement for the Heygate Estate
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The dirt busters
30 June 2006
Fairview has made its name tackling the sort of messy, awkward sites that other housebuilders avoid. David Lawson reports. Photograph by Victoria Nightingale
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Beadie's £40m Romford scheme
23 June 2006
Developer Beadie Group and east London housebuilder Telford Homes have agreed a venture to fund and market the residential element of Market Place, a £40m mixed-use scheme under construction in Romford.
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Deprived areas ‘in need of business space'
23 June 2006
Incentives are needed to revive the property markets in business-deprived areas, says a report by Institute for Public Policy Research think-tank the Centre for Cities.
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EP plans 10,000 homes in new Northstowe masterplan
23 June 2006
English Partnerships to work with Gallagher Estates on Oakington Barracks site near Cambridge
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Homes, sweet homes
23 June 2006
Bid interest in McCarthy & Stone shows how attitudes to housebuilding have changed, says Doug Morrison
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Yorkshire forward
23 June 2006
Yorkshire is becoming a buyers' market as purchasers become more clued up, says Roger Haworth
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Blair cites Property Week in parliament
16 June 2006
The Prime Minister last week accused the Conservatives of sending out mixed messages about new housing, referring to a speech the shadow chancellor made at Property Week's February Sheds show.
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Clean up or check out
16 June 2006
Property Week's campaign to clean up residential estate agency finishes today, and we will be sending your responses to Department of Trade and Industry minister Ian McCartney next week. Here, Heather Greig-Smith reports on how a new threat from supermarkets makes it even more important that the industry cleans up its act, while overleaf we publish more of your letters in support of our campaign. Illustration by Nick Higgins
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Lords slams government's water supply oversight
16 June 2006
Water industry not consulted over Sustainable Communities Plan
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Mancs science city in pipeline
16 June 2006
Manchester and Salford last week announced plans to create a ‘science city' in the region, replacing the ‘golden triangle' of Oxford, Cambridge and London with a ‘golden diamond'.
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Firmac Developments
09 June 2006
Bristol-based Firmac Developments has sold 50% of the flats in a residential scheme that features a roof-top running track, believed to be a UK first. The £55m scheme, Airpoint, has 255 flats, 12,000 sq ft (1,115 sq m) of offices, a cafe and Tesco Express in the former Mail Marketing Headquarters in Bedminster, in the south of the city. The scheme is due to complete next spring.
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Inquiry begins into Isis Brentford scheme
09 June 2006
Greater London Authority to give evidence in favour of 1m sq ft proposals
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Linden Homes reports 172% profit increase
09 June 2006
Linden Homes enjoyed a record year with turnover up 33% to £280m in 2005.
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Minister, the industry needs you …
09 June 2006
As Property Week's campaign to clean up residential estate agency enters its final phase, your calls to Department of Trade and Industry minister Ian McCartney for regulation are gaining strength. For too long unregulated, unqualified cowboys have been a stain on the property world. Now the industry itself says ‘enough is enough'. Many of you have already emailed him via Property Week to tell him to allow only approved agents to operate. Here are a selection of your messages of support ...
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Owner-occupiers return
09 June 2006
Buy-to-let investors are backing off in London
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EDAW to masterplan in east Manchester
02 June 2006
Cibitas Investments, New East Manchester URC and Manchester City Council last week appointed EDAW to lead a team that will masterplan an 84 acre (34 ha) site in east Manchester.
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Recovery becomes a boom
02 June 2006
Restricted supply and economic climate sustain house price rises, says Milan Khatri
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Salford to slap family house quotas on new resi schemes
02 June 2006
Council is first to dictate mix and type of homes
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The London Borough of Redbridg
02 June 2006
The London Borough of Redbridge this week began a search for a developer for the £100m Unity Square scheme in Ilford. The 4.2 acre (1.7 ha) site will have 500 homes, a town square, replacement theatre, and retail and leisure. Drivers Jonas is acting for the council.
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Time for action
02 June 2006
Property Week's campaign to clean up residential estate agency is gathering support from outside and inside the property industry. For too long unregulated, unqualified cowboys have been a stain on the property world. Now the industry itself needs to say ‘enough is enough'. Here are a selection of your letters of support for our campaign.
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Cap developers' regeneration profits, says think tank
26 May 2006
Labour Finance and Industry Group calls for excess profits to be given to public sector sponsors
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Countryside plans £423m Bicester community scheme
26 May 2006
Countryside Properties has submitted an outline planning application to Cherwell District Council for a £423m mixed-use scheme in south-west Bicester.
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Roger Carey
26 May 2006
Former Slough Estates managing director Roger Carey (centre) has joined affordable housing specialist Ibis Project Services as chairman. Aidan Mills-Thomas (far right) has also been appointed as chief executive, following his management buy-in, backed by private capital group MMC Ventures, in which Carey is an investor. Ibis provides professional services to housing associations.
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The standard bearer
26 May 2006
Property Week's campaign to clean up residential estate agency is gathering support from inside and outside the property industry. For too long unregulated, unqualified cowboys have been a stain on the property world. Now the industry itself needs to say 'enough is enough'. Below, Evening Standard property correspondent Mira Bar-Hillel reports on the limitations of existing voluntary redress schemes and her efforts to rally support for government regulation
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Cause celebre
19 May 2006
Property Week's campaign to clean up residential estate agency is gathering support from outside and inside the property industry.
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Fairview's double site buy
19 May 2006
Fairview New Homes has bought two sites in the south on which it plans to develop 234 flats at a cost of £36.5m.
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Galliford Try's Midas Homes wins nod for Cornish redevelopment
19 May 2006
Galliford Try subsidiary Midas Homes has been chosen as the preferred development partner for a regeneration scheme in Camborne, Cornwall.
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Three in hunt to land Bognor Regis regeneration project
19 May 2006
Bloc Kilmartin, St Modwen and Bellway Homes on local council's final shortlist
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Wales scales new heights
19 May 2006
A projected increase of 20% in the number of Welsh households will send land prices soaring
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EP to develop 147 east London homes
12 May 2006
English Partnerships has signed an agreement with residential developer First Base to build 147 homes in Shoreditch, east London.
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Islington Square
12 May 2006
Islington Square, the first scheme to be built at Manchester's Millennium Community New Islington, reaches completion this month. The 23-home social housing scheme was designed by architect FAT for the Manchester Methodist Housing Association for tenants of the former Cardroom Estate. Unusually, the tenants were involved in the design process and some were taken to Amsterdam to ‘widen their perspective of what is possible'.
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Kilmartin to bring forward blighted Tunbridge Wells site
12 May 2006
Scottish developer makes second set of proposals for 200 acre Kent development
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On second thoughts
12 May 2006
The second-homes market is rife with development opportunities
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Political Opposition
12 May 2006
Two weeks ago, we kicked off a Property Week campaign to clean up residential estate agency.
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Artisan
05 May 2006
Artisan, the urban regeneration specialist, has submitted plans for a £20m mixed-use scheme in Sheffield city centre. The development will comprise 132 flats, 3,275 sq ft (304 sq m) of retail on the ground level and parking for 160 cars. The 10-storey building, next to the River Don at the junction of Blonk Street and Wicker Street, has been designed by Aedas Architects and is Artisan's firstdevelopment in Yorkshire. The site will also house a £13m 70,000 sq ft (6,503 sq m) office scheme ...
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Elderly could help housing supply, says CBRE report
05 May 2006
Elderly people could release up to 45,000 properties on to the market by 2020 and help solve the UK's housing shortage.
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Lift his shadow
05 May 2006
Last week Property Week launched a campaign to clean up residential estate agency.
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Slower on the uptake
05 May 2006
House prices continued to rise in March, but at a more cautious pace
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Wilson Bowden buys Manchester rival
05 May 2006
Housebuilder pays £25m for Roland Bardsley Homes to expand land bank
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Green light for mixed-use Stockwell Green
28 April 2006
Band Valley, a subsidiary of City & Provincial, last week secured planning permission from Lambeth Borough Council for a mixed-use scheme at Stockwell Green in south London.
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ING withdraws £60m funding for Chatham scheme
28 April 2006
Developer cites excessive construction costs for pulling out of ‘Two Tower' development
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Living above the shop
28 April 2006
Retailers are now among Britain's key residential developers.
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Proceeding with caution
28 April 2006
Land values in the Midlands have not been hit by the housing slowdown, says Keith Skirving
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Dolphin swims to Greece
21 April 2006
Dolphin Capital Investors, the AIM-listed property company that invests in south-eastern Europe, has invested ¤31m (£21.4m) in two residential and holiday resort development projects in Greece.
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Northern Ireland's Obel
21 April 2006
Northern Ireland's booming housing market enjoyed another boost this week with the launch of Obel, the tallest residential tower development in Belfast.
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Not for wimps
21 April 2006
George Wimpey's incoming chief executive, Peter Redfern, aims to turn the housebuilder around after a poor 2005.
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Residential landlords suffer lean year in 2005
21 April 2006
Total annual return of 8.1% lowest since IPD launched index in 2001
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Act of reprisal
13 April 2006
New legislation governing small landlords may force them out of the student housing market. Gwyn Roberts reports
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Dandara
13 April 2006
Dandara has been granted consent for Salford's tallest residential building at the Chapel Wharf scheme. A 40-storey Sheppard Robson-designed tower is planned on a 4.4 acre (1.78 ha) brownfield site next to the Lowry Hotel and River Irwell. Phase one comprises 552 flats and phase two 428 flats.
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Milton Keynes' review looks to 2031
13 April 2006
Milton Keynes Partnership has created an independent group to review future plans for the city.
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Mind the widening gap
13 April 2006
To counter accelerating build costs, developers must add value to survive, warns Yolande Barnes
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Mountgrange in Chelsea
13 April 2006
Martin Myers and Manish Chande's Mountgrange Capital has teamed up with actor Elizabeth Hurley and a luxury hotel operator to launch a residential scheme in London for part-time occupiers.
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OFT's warning to Newcastle estate agent
13 April 2006
Barry Davis warned over misconduct for not declaring conflict of interest
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Cala Homes
07 April 2006
Housebuilder Cala Homes has won planning approval for a residential scheme on land occupied by the Scottish Agricultural Science Agency (SASA). Cala is to build 277 homes on the site in East Craigs, near Corstorphine.
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Leisure group breaks into Birmingham residential
07 April 2006
Rink owner Planet Ice to start first housing scheme next to Bullring
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Prop trumps
07 April 2006
Six top housebuilders have responded to CABE's call for ‘design champions'. Gwyn Roberts reports
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Recovery gathers pace
07 April 2006
Housing prices have risen to the highest levels since June 2004
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Wimpey's £39m affordable housing windfall
07 April 2006
George Wimpey has received the lion's share of money assigned to private developers as part of the Housing Corporation's £3.9bn National Affordable Housing Programme.
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Candys to redevelop Chelsea block
31 March 2006
Candy & Candy is set to manage the redevelopment of Kingsgate House in Chelsea, following the purchase of the building for just under £20m by CPC, the offshore company of the younger Candy brother, Christian.
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Office of Fair Trading approves estate agents code of practice
31 March 2006
Ombudsman scheme officially recognised as sector comes in for renewed criticism
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Persimmon's Staffs purchase
31 March 2006
Persimmon, the FTSE 100-listed housebuilder, has purchased a £20m development site from RWE Npower and Advantage West Midlands.
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The cost of living
31 March 2006
Paul Moore looks at flat development costs, while Mark Farmer assesses changes in the market
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Urban retreat
31 March 2006
Volume housebuilders are fleeing city centres and niche operators are taking up the baton. Gwyn Roberts reports
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Yoo
31 March 2006
Yoo, the residential development business headed by John Hitchcox and designer Philippe Starck, has launched its first development in the north of England.Manor Mills, in Leeds' Holbeck Urban Village, is a joint venture with KW Linfoot, and will consist of 280 units spread over nine floors.
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Another Country
24 March 2006
After a difficult first year as a private company, Countryside Properties boss Alan Cherry is hoping his regeneration zeal bears fruit.
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Brown is the colour
24 March 2006
Development in the south-west is focusing on brownfield and inner city sites, writes John Bennett
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Ex-Crest Nicholson boss is English Partnerships head
24 March 2006
John Callcutt was revealed at last week's MIPIM property conference as the new chief executive of English Partnerships.
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Former Savills man wins Teddington Shell site
24 March 2006
The development company set up by Spencer Whitworth, Savills' former residential director, has bought its first big site in Teddington, London.
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St Martins moves into resi at £200m Southwark scheme
24 March 2006
Developer becomes latest to jump on residential bandwagon with commercial site conversion
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Argent wins green light for £2bn King's Cross Central
17 March 2006
Six years of planning negotiations conclude with heated arguments and outline consent
-
Reach for the sky
17 March 2006
London Eye architect Marks Barfield is wrestling to get a high-rise social housing plan off the ground.
-
Urban land values to fall
17 March 2006
The decrease in land prices this year is likely to be related to quality
-
David Wilson Homes
10 March 2006
David Wilson Homes has launched a housing brand aimed at first-time buyers. The new i-Life homes will be 300-677 sq ft (28-63 sq m) and will cost £65,000 upwards. Barratt Homes is also working on plans for its own first-time buyer range.
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Home run
10 March 2006
Recovery in house prices continues as power balance shifts from buyers to sellers
-
Isis plans for Glasgow canal sites
10 March 2006
Isis Waterside Regeneration is to apply for planning permission on its New Rotterdam Wharf scheme in Glasgow in the next week.
-
Residential Land adds to Hyde Park portfolio
10 March 2006
Bruce Ritchie's property investment company acquires 7-8 Bathurst Street in central London push
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The house that Vincent built
10 March 2006
Entrepreneur Vincent Tchenguiz has a masterplan for residential property. He reveals all to Gwyn Roberts
-
Belfast boy made good
03 March 2006
Developer Neil McCann has grasped opportunities in the complicated Belfast property market where others have seen only risk.
-
Greenwich planners reject heart of Millennium Village
03 March 2006
Council throws out detailed application for peninsula centre because of overcrowding concerns
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Inonder
03 March 2006
Developer Inonder has submitted a planning application for a 25-storey energy-efficient residential building in Aldgate, east London. The 306,235 sq ft (28,450 sq m) scheme, designed by Hamilton Associates, will have 287 flats, shops and a small public park.
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Ready to drop
03 March 2006
Planning obligations may cause land values to fall in the south-east, says the VOA's Anna Hutchings
-
Wimpey calls time on city centre development
03 March 2006
George Wimpey has effectively pulled out of all new city centre residential development following disappointing year-end figures.
-
Brent picks £1bn Kilburn partner
24 February 2006
Brent Council has selected a consortium featuring housebuilders Bellway and Taylor Woodrow and housing association the Hyde Group as its partner for the £1bn redevelopment of London's south Kilburn.
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Hammerson
24 February 2006
Hammerson has confirmed it is to sell the residential part of Bishops Square in the City of London to Clan Real Estate, a Native Land and Buccleuch Property joint venture, as reported last week (residential + regeneration, news). Work is expected to begin in the summer.
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Nationwide draws up At.home shortlist
24 February 2006
Grainger, Schroders and Annington in mix for 2,250-unit portfolio
-
Thinking inside the box
24 February 2006
A new urban regeneration movement is planning a guide to inner-city development. Its editor Lee Mallett explains.
-
Explore Living makes debut near Chunnel link
17 February 2006
Laing O'Rourke's one-year-old housebuilding company Explore Living has secured its first residential development.
-
A new domesday book
17 February 2006
A government taskforce is to draw up a list of surplus public sector land to sell off for private residential development. But housebuilders are questioning its ability to deliver.
-
Hammerson prepares to go Native with Spitalfields sale
17 February 2006
Native Land and Buccleuch to pay £1.5m for section of Bishops Square scheme
-
The Prince's Foundation
17 February 2006
The Prince's Foundation for the Built Environment and charity Business in the Community have published a design guide to encourage better and more affordable rural housing and provide advice on avoiding ‘ghetto-isation'.
-
Durkan Group marches into Woolwich Arsenal
10 February 2006
Developer pays £15m for 21 acre property and plans to convert listed military academy
-
Home strait
10 February 2006
John Prescott may profess a commitment to the green belt, but if he is to meet his housing targets, it will have to be built on.
-
Milton Keynes Partnership
10 February 2006
Milton Keynes Partnership, part of English Partnerships, has launched a discussion paper on ‘super-flexible' homes, which will account for 30% of an English Partnerships masterplan for the 140 acre (57 ha) Tattenhoe Park scheme in Milton Keynes. The paper details plans for houses that can be adapted and added to over a lifetime to accommodate families.
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Resi is not such an easy crop
10 February 2006
Agricultural to resi schemes do not always offer a windfall in land value uplifts.
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All right on the home front
03 February 2006
An increase in house prices and completed property sales suggests a good year
-
Base matters
03 February 2006
Residential towers are failing to address their relationship with the surrounding streets.
-
European institutions fall out of love with residential
03 February 2006
Experts predict falling returns and a correction in prices, says PwC and Urban Land Institute report
-
Plymouth Uni PPP
03 February 2006
University Partnerships Programme (UPP) and the University of Plymouth have agreed a public-private partnership for a £30m mixed-use scheme.
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Stephen Vantreen
03 February 2006
Stephen Vantreen has won planning consent for a £11m mixed-use tower on a former industrial area at Hardwick's Way in Wandsworth, south London. Designed by Assael Architecture, the tower will contain 138 flats, a quarter of which will be affordable housing.
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George Wimpey in talks for £11m Millennium Dome site
27 January 2006
Housebuilder negotiates with Quintain and Lend Lease for 300-home site on Greenwich Peninsula
-
New London Architecture
27 January 2006
New London Architecture, a permanent exhibition at London's Building Centre, this week launched a new theme, Prefabulous London.
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Northern plight
27 January 2006
The north-west is short of development land, says the Valuation Office Agency's Rob Hughes
-
Regeneration property outperforms market
27 January 2006
Almost a year after its launch, English Partnerships' Urban Regeneration Index continues to show that areas in need of regeneration can be good investments.
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Two worlds collide
27 January 2006
Morley is leading institutional investors into social housing.
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Circle-Anglia begins review of 33,000-property portfolio
20 January 2006
Registered social landlord appoints Savills to assess stock and identify disposals
-
Trouble in clubland
20 January 2006
Might the market be turning on property investment clubs and their debt-laden investors? Gwyn Roberts joined a club meeting in Farnborough to investigate
-
Unite set for full marks for Manchester tower
20 January 2006
Student accommodation specialist Unite is set to develop a 17-storey tower in Manchester's Eastern Gateway following a recommendation for approval from the city council's planning department.
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Westbrook completes £191m Dolphin Square deal
20 January 2006
Westminster City Council has £50m left from the sale of its Dolphin Square complex to a US group last week after agreeing to fund a range of initiatives.
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Barratt
13 January 2006
Barratt has received planning permission for its 437-flat Elektron scheme near East India Docklands Light Railway station. The housebuilder signed a section 106 agreement with the London Borough of Tower Hamlets at the end of December and will begin construction work by mid-2006. Barratt was advised by planning consultant Hepher Dixon.
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FTSE move ‘will give housebuilders opportunities’
13 January 2006
Analysts suggest that the reorganisation of the FTSE classification system will free housebuilders from their association with low-rated construction companies and introduce them to new institutional investors.
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Priced out of the market
13 January 2006
The rising cost of land is driving up house prices, says Yolande Barnes
-
Prophet of boom
13 January 2006
The chief executive of private residential developer Gladedale precipitated the takeover frenzy in the sector and predicted the rise of shared equity. What else does he know?
-
Redrow announces disappointing interim results
13 January 2006
Redrow has disappointed the expectations of City analysts by announcing that it would not match 2005’s half-year profits in its interim results.
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Report dashes ODPM’s hopes for sustainable city centres
13 January 2006
New policy research says urban districts will never be family friendly
-
EP invites tenders for Lancs site
06 January 2006
English Partnerships has invited tenders for its 147 acre (60 ha) Whittingham Hospital site near Preston, Lancashire.
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Persimmon hooks Senator Homes
06 January 2006
Persimmon has continued its recent programme of acquisition with the £25m purchase of northern developer Senator Homes.
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Sitting pretty
06 January 2006
David Pretty is chief executive of Britain’s best-known housebuilder. Now he is moving closer to the commercial property world. Gwyn Roberts met him on site.
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The London Borough of Greenwich
06 January 2006
The London Borough of Greenwich has granted Berkeley consent for the final stage of its regeneration of Woolwich Arsenal. The scheme will have 2,517 new homes and 245,000 sq ft (22,761 sq m) of commercial and community space. Berkeley also needs approval from the mayor of London and the Government Office for London.
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The recovery starts here
06 January 2006
After months of falls, house prices are finally on the rise
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Tilfen sets ball rolling on Thamesmead redevelopment
06 January 2006
Developer appoints CBRE and David Lock Associates to weigh up options
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£60,000 house winners
16 December 2005
Deputy prime minister John Prescott has revealed three more successful bidders in his £60,000 house ‘design for manufacture’ competition.
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A place in the sunbelt
16 December 2005
Quoted housebuilders are increasingly making inroads into the booming US market.
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Berkeley in £32m Notting Hill housing association sale
16 December 2005
Notting Hill Housing Group buys affordable residential scheme in west London
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Bricks and mortar boards
16 December 2005
Good-quality accommodation is a handy source of income for universities
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Brown’s gloomy reception
16 December 2005
Residential developers gave housing measures announced in Gordon Brown’s pre-Budget report last week a mixed reception.
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Databank
16 December 2005
The latest EC Harris data on the build costs of student residences, by Paul Moore
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A hard task master
09 December 2005
Architect Lord Rogers has produced a more balanced analysis of government regeneration policy than initial reports suggested.
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British Land and Delancey enter home reversion market
09 December 2005
Joint venture to invest £70m in equity release venture Retirement Plus
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Databank
09 December 2005
Latest Knight Frank data on key bodies and residential hot spots in the Thames Gateway
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EP shortlists six for £90m Cornish scheme
09 December 2005
English Partnerships has announced the shortlist for the redevelopment of the CompAir site in Camborne, Cornwall.
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Resi triumph at mayor’s awards
09 December 2005
Residential and mixed-use developments in the capital have scooped several accolades at this year’s London Planning Awards.
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The Thames Gateway crisis
09 December 2005
Development of Europe’s largest regeneration site requires leadership
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A date with density
02 December 2005
As price expectations fall, housebuilders must look to higher-density schemes
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Databank
02 December 2005
The latest Savills figures highlight housing market struggles
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Kilmartin to develop 3,000 homes at Oxfordshire quarry
02 December 2005
Joint venture with private group plans £450m rail-linked settlement
-
Persimmon homes in on £643m Westbury
02 December 2005
Housebuilder Persimmon has announced a recommended cash offer of £643m for Westbury that could push it into the FTSE 100.
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Regeneration TV
02 December 2005
A Yorkshire town is undergoing a transformation – and Channel 4 is there to document it. But will the cameras spell good or bad news for the project?
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Swindon council selects 12 for car park shortlist
02 December 2005
A shortlist is about to be announced for a blighted car park site in Swindon that has evaded redevelopment since the mid-1980s.
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A turn for the better
25 November 2005
The slowdown in the housing market has eased
-
Barratt plans reorganisation in ‘challenging’ market
25 November 2005
Housebuilder Barratt has announced that it is to reorganise its executive structure in a bid to deliver future growth and allow the board to focus on long-term objectives.
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Databank
25 November 2005
The latest RICS figures on the housing market
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East Cowes development
25 November 2005
The latest masterplan for the 22 acre (9 ha) East Cowes development on the Isle of Wight is to be unveiled this weekend by the South East England Development Agency and English Partnerships. The plan includes 550 new homes; 16,146 sq ft (1,500 sq m) of marine-related employment facilities; up to 37,674 sq ft (3,500 sq m) of shops, bars and restaurants; and a 21,528 sq ft (2,000 sq m) foodstore.
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Gateway to the country
25 November 2005
Architect Sir Terry Farrell’s plan to ‘green’ the Thames Gateway is gaining momentum. He spoke to Doug Morrison
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Urban Splash chief to chair Centre for Cities think tank
25 November 2005
Tom Bloxham teams up with former lad mag editor James Brown on policy forum
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Databank
18 November 2005
Latest EC Harris data on the costs of building houses for registered social landlords
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Developers turned off by risky regeneration
18 November 2005
Developers that shy away from regeneration projects because of the perceived high level of risk could be missing out, according to research from Knight Frank.
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North poll
18 November 2005
An audit of northern housebuilding shows that standards need to rise. CABE chief executive Richard Simmons explains
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Resi tower to lift £100m Liverpool scheme
18 November 2005
Paul Bolton and Mark Connor’s Vermont Developments applies for planning
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The comparison compromise
18 November 2005
The ODPM’s £60,000 housebuilders must be wary of inappropriate comparisons, says Richard Jones
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£60,000 design competition: first winners announced
11 November 2005
Government chooses Barratt, Wimpey and SIXTYK Consortium to build more than 500 homes
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Berkeley Homes
11 November 2005
Berkeley Homes has bought a grade II-listed former hospital building in Eastbourne for £5.75m from the East Sussex Hospital NHS Trust.
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City demographics to change
11 November 2005
Agent forecasts demand for a greater range of city accommodation in the north, says Doug Morrison
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Cordea Savills fund buys Welsh site
11 November 2005
A residential land fund set up by Cordea Savills is to buy a 206 acre (83.4 ha) site in Blaenrhondda, south Wales for £1.6m.
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Databank
11 November 2005
A growing and changing population in northern cities is driving demand for urban living
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Murdoch JV buys Propertyfinder
11 November 2005
Propertyfinder.com, a website that displays residential property for sale in the UK, has been sold to a joint venture led by Rupert Murdoch’s News International for £14.3m.
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To have and to hold
11 November 2005
Housebuilders have rejected accusations that they hoard land, arguing that tough market conditions will demonstrate the importance of a well-managed land bank.
-
Barratt Homes to buy key Manchester residential site
04 November 2005
Final plot at south Manchester’s Withington Hospital to be developed as 400 homes
-
Databank
04 November 2005
Land price growth holds up in Scotland but falls in Wales and the south-east of England
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Hard landing for land prices
04 November 2005
With the prospect of a land tax looming, developers are sitting tight, says Yolande Barnes
-
London residential rents decline
04 November 2005
Knight Frank’s quarterly residential lettings index has shown a fall in London’s rental values for the first time in two years.
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ODPM rejects plans for 5,000 Stevenage homes
04 November 2005
Plans to build 5,000 homes in Stevenage were turned down last week by the Office of the Deputy Prime Minister on the grounds that the regional spatial strategy has yet to determine the area’s exact level of housing need.
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Quintain
04 November 2005
Quintain has submitted a detailed application for the first housing scheme at its Wembley redevelopment. The developer has outline planning for a £1.7bn mixed-use scheme on 70 acres (28 ha) surrounding the new stadium in north-west London. The delivery of the scheme’s 286 flats will fall to Quintessential Homes, a joint venture between Quintain, Genesis Housing Group and Family Housing Group.
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Quintain forms eco-partnership
04 November 2005
Quintain Estates and Development is planning to capitalise on the interest in environmentally friendly homes with the launch of a 50:50 joint venture with BioRegional Properties, creator of Sutton eco-village BedZed.
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The £60,000 question
04 November 2005
With more contractors entering the world of the housebuilder, Property Week asks how well they can compete with the established names.
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Barratt and Artisan chosen for Rochdale Pathfinder
28 October 2005
Joint venture appointed to develop 1,000 homes in Rochdale
-
Concrete blocks
28 October 2005
Urban Splash’s £160m makeover of Sheffield’s 1960s Park Hill estate is its riskiest project to date. Gwyn Roberts reports
-
Databank
28 October 2005
Surveyors show increased confidence in the housing market
-
Fears of housing crash fade
28 October 2005
Latest figures from the RICS show the pace of decline in house prices is slowing
-
Fears of housing crash fade
28 October 2005
Latest figures from the RICS show the pace of decline in house prices is slowing, says Milan Khatri
-
Pierse Group
28 October 2005
Irish contractor and residential developer Pierse Group has begun marketing the first flat in Liverpool with a price tag of more than £1m. The penthouse flat sits above Pierse’s mixed-use redevelopment of the grade II-listed Tower Building in the city’s financial quarter. Pierse said it had attracted offers of more than £1m.
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Artists in residence
21 October 2005
Are the brother and sister team that bought most of Urban Splash’s redevelopment of the Birmingham Rotunda any different from other buy-to-let investment clubs?
-
Building for Life Standard
21 October 2005
Eight housing developments have been awarded this year’s Building for Life Standard: Staiths South Bank in Gateshead by Wimpey (left); Highgate in Durham by Bryant (centre left); Putney Wharf in London by St George (centre right); Cala Domus in New Hall, Essex (right), by Cala Homes and Newhall Projects; Chapel in Southampton by Persimmon and Horsebridge in Whitstable by West Beach Homes; Caterham Barracks in Surrey by Linden Homes; Swaythling Housing Association; and Butts
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Business warns over London Plan changes
21 October 2005
London First, the association of London businesses, said last week that the Greater London Authority’s proposed changes to the London Plan would be hampered by a slowing economy and onerous planning system.
-
Databank
21 October 2005
The latest EC Harris data on the build costs of social housing flats
-
Grosvenor residential fund makes second purchase
21 October 2005
Talbot fund buys period flats in Pimlico for refurbishment
-
Take the sting out of 106s
21 October 2005
Onerous requirements are stifling not stimulating social housing development, says Richard Jones
-
Barratt results defy downturn
14 October 2005
Housebuilder’s social housing strategy seems to pay off
-
Databank
14 October 2005
Housebuilding figures from the NHBC and Numis
-
Overseas investors buy East End site in time for Olympics
14 October 2005
Dencora sells Silvertown industrial site for residential and commercial redevelopment
-
Profits warning at City Lofts
14 October 2005
City Lofts, the urban residential developer floated on AIM in December 2003, has joined the ranks of residential developers reporting ominous figures for 2005.
-
Redbriar plans first scheme
14 October 2005
Redbriar Developments is to file a planning application for an 80,000 sq ft (7,432 sq m) residential development at 769-185 Commercial Road, London E14, at the start of November.
-
Ritblat moves homes
14 October 2005
The disposal of British Land’s £300m residential portfolio could be a job for former director Nick Ritblat.
-
Urban Splash
14 October 2005
Urban Splash has published its masterplan for the £160m regeneration of one of the UK’s most infamous council estates.
-
Barratt profits top £400m
07 October 2005
Barratt has joined a minority of UK housebuilders posting strong results in 2005.
-
Building blogs
07 October 2005
A sponsored web diary has been set up for purchasers to monitor the process of buying a new-build house. But is it just a moneyspinner?
-
Databank
07 October 2005
This week, Savills research on brownfield land supply for housebuilding
-
Grosvenor teams up for Southwark residential
07 October 2005
Joint venture with Buccleuch and Native buys LandSecs’ Bankside 4 for £125m scheme
-
King’s Cross Central developme
07 October 2005
Argent has submitted a series of amendments to its masterplan for the King’s Cross Central development. There will be more family homes and public space and reduced building heights after talks with Camden and Islington councils, the Greater London Authority, Transport for London and English ...
-
Mortgage approvals increase 8.1%
07 October 2005
Figures released by the Bank of England last week showed that the number of new mortgage approvals in August stood at 107,000, up 8.1% on July levels.
-
The hunt for land is on
07 October 2005
To maintain housing supply, a substitute for brownfield land must be found, says Yolande Barnes
-
Barratt to set up Thames Gateway office
30 September 2005
Barratt is to be the first of the high-volume housebuilders to respond to the opportunity of populating the Thames Gateway by establishing a designated development office in the region.
-
Buyers hold the upper hand
30 September 2005
The housing market is stable but there are large amounts of available property
-
Databank
30 September 2005
Surveyors are seeing demand stabilising, as the latest RICS data shows
-
Fair and square
30 September 2005
US fund manager Westbrook is facing opposition to its purchase of Westminster City Council’s Dolphin Square – from residents eager to maintain their cheap rent.
-
Londonewcastle links up to develop luxury London flats
30 September 2005
Developer signs joint venture with Oakmayne for upmarket scheme in St John’s Wood
-
Bath Spa University
30 September 2005
An entire Georgian crescent in Bath has been put on the market by Bath Spa University. The grade I-listed Somerset Place is believed to be the largest Georgian terrace in single ownership in Europe and could fetch more than £10m. Savills is acting for Bath Spa.
-
BPF and RICS divided on housing provision
23 September 2005
ODPM planning paper wants councils to create 15-year land banks
-
Brighton and Hove seafront
23 September 2005
ING Real Estate Development and Karis Developments this week submitted plans for their £290m redevelopment of a 4.2 acre (1.7 ha) site on the Brighton and Hove seafront. Designed by US architect Frank Gehry, the King Alfred project will provide 754 homes, of which 282 are affordable, and an indoor sports centre.
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Databank
23 September 2005
Figures from EC Harris on international residential building costs
-
Dragon’s dare
23 September 2005
The man behind the Yo! Sushi restaurant chain has his eye on the property market with a futuristic vision of housing. Can it work?
-
Life’s cheap out east
23 September 2005
Construction costs can be kept low by keeping to local standards.
-
Londonewcastle links up to develop luxury London flats
23 September 2005
Developer signs joint venture with Oakmayne for upmarket scheme in St John’s Wood
-
Databank
16 September 2005
Figures from EC Harris show exactly where the money goes when building a business park
-
EP chief calls on URCs to improve funding
16 September 2005
English Partnerships chief David Higgins has called on England’s 21 urban regeneration companies to find more effective ways of accelerating delivery and increasing private sector development.
-
Investor splashes out on Rotunda resi
16 September 2005
Urban Splash sells 140 flats at revamped Birmingham tower
-
On the slide
16 September 2005
Disappointing figures from housebuilders last week show a flat start to 2005.
-
Tenants drive eco park trend
16 September 2005
Business parks are rising to the sustainable development challenge, says Rob Cox
-
Birmingham considers resi towers for New Street station
09 September 2005
Steering group weighs up options for 30-storey blocks above redeveloped rail hub
-
Breaking the monopoly
09 September 2005
Housing associations are outbidding housebuilders for sites. Gwyn Roberts investigates
-
Databank
09 September 2005
Businesses are unimpressed with development quangos, say figures from the Institute of Directors
-
MoD to sell Bucks hospital
09 September 2005
Defence Estates is continuing its programme of site disposals with the sale of the 49.1 acre (19.9 ha) Princess Mary Hospital in Wendover, Buckinghamshire.
-
Show them the money
09 September 2005
The London Thames Gateway UDC could benefit from more funding, says Doug Morrison
-
Taylor Woodrow
09 September 2005
Taylor Woodrow and Gallagher Estates are to deviate from Milton Keynes’ grid system with their Broughton Gate scheme (pictured).
-
A streetwise planning regime
02 September 2005
Yolande Barnes says investment vehicles are needed to improve urban schemes
-
Candy & Candy
02 September 2005
Luxury residential developer Candy & Candy, has launched Candyscape, the company’s first bespoke yacht.
-
Databank
02 September 2005
Retail uses are on the wane in high street locations, and leisure is taking its place
-
ODPM gives £200m to to south-east projects
02 September 2005
Seventy projects to support housing-led communities
-
Socialist worker
02 September 2005
John Callcutt is pursuing a social housing agenda for Crest Nicholson while defending the housebuilder from predator Heron. Photographs by Bohdan Cap
-
CABE slams Pathfinder scheme
26 August 2005
The Commission for Architecture and the Built Environment has slammed the first Pathfinder Housing Renewal scheme to come before its design review panel.
-
Databank
26 August 2005
Surveyors are seeing an increase in house prices, shows the latest RICS data
-
Housing slide starts to slow
26 August 2005
Decline in house prices has eased and sales have increased
-
Kenmore Homes
26 August 2005
Kenmore Homes has converted the upper floors of the former McIlroys department store, an Edwardian building in the centre of Reading, Berkshire, into 58 homes. The flats have all been sold off plan to Braemar Investment Management, which plans to rent them out. The scheme also includes eight flats converted by Kenmore on behalf of Thames Valley Housing Association, which will make them available to buy under a shared-ownership scheme.
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Sunlight buys Kensington office for conversion into flats
26 August 2005
Residential specialist to demolish west London’s Warwick House following £25m purchase
-
The home straight
26 August 2005
Following London’s successful Olympic bid, developer Aitch Group hopes to triumph in Hackney.
-
Amec to go solo on mixed-use development
12 August 2005
Company aims to develop all elements of its mixed-use schemes within next five years
-
Databank
12 August 2005
Housebuilders are seeing a continued drop in sales and completions
-
Londonewcastle raises £25m for debut fund
12 August 2005
Residential developer Londonewcastle has raised £25m of equity from a mix of private and institutional investors for its first development fund.
-
Mixed-use planned for former Liverpool shipyard
12 August 2005
Reddington Holdings, the owner of Liverpool’s Cammell Laird Shipyard, is to apply for planning permission in the next two weeks on a scheme that will turn the 140 acre (57 ha) site into a £1.4bn mixed-use scheme.
-
Old methods die hard
12 August 2005
Modern methods of construction have changed developments beyond recognition, but insurers and lenders remain unwilling to back them.
-
The public interest
12 August 2005
Housing associations are keeping the market from going into decline, says Doug Morrison
-
Carol Ainscow
05 August 2005
A consortium of Carol Ainscow’s Artisan and Barratt Homes has been chosen for the Oldham Rochdale housing market renewal pathfinder in East Central Rochdale. Barratt and Artisan will develop a plan to build 80 environmentally friendly homes.
-
Databank
05 August 2005
The nationwide lack of confidence is affecting greenfield land values, according to Savills research
-
Dry run for government’s home packs
05 August 2005
Housing minister Yvette Cooper announced last week a dry run to test the government’s plans for home information packs (HIPs).
-
Hemel Hempstead plans residential push
05 August 2005
Council considers turning Kodak building into homes
-
Shafts of light
05 August 2005
English Partnerships is a decade into the government’s programme to regenerate redundant coalfields. Gwyn Roberts looks at the progress made so far
-
Urban blight spreads
05 August 2005
Weakened market for flats leads to drop in urban land values, writes Yolande Barnes
-
A new pattern for Paisley
29 July 2005
Once the epicentre of the global cotton industry, Paisley has struggled to reinvent itself as a 21st-century business location.
-
Databank
29 July 2005
This week, RICS research into house sales
-
English Partnerships seeks developers for NHS housing sites
29 July 2005
English Partnerships Is seeking a development partner to build more than 1,000 homes on the first of the 67 redundant NHS sites transferred to the regeneration agency three months ago.
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Fall in house prices slows
29 July 2005
The market has stabilised, although it continues to be sluggish
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Frogmore forms £50m JV for Gypsy Corner resi scheme
29 July 2005
Joint venture buys 255-unit west London development from Rialto
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Gillespies
29 July 2005
Landscape designer Gillespies and Westminster City Council last week released new designs for Leicester Square’s public space. The plans feature raised lawns and a perimeter walkway of recycled glass, which uses new technology to display information to visitors to the square. At night the glass will become a solid bar of light. Retractable railings will vary the accessibility of the space.
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Databank
22 July 2005
This week, CB Richard Ellis figures show why development is in vogue for investors
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Development finance is back
22 July 2005
The development market is on the funder’s agenda, says Chris Lacey
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Sovereign Reversions profits rise
22 July 2005
Home reversion specialist, Sovereign Reversions, has reported a 25.6% hike in profits in its results for the year ending April 2005.
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The dash for cash
22 July 2005
Private developers are about to bid for £200m of Housing Corporation grants. Gwyn Roberts reports
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Vision for Salford: ‘from urban blight to garden city’
22 July 2005
Central Salford URC releases 20-year regeneration framework
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Weston to build on modern methods of construction
22 July 2005
Weston Homes has announced its decision to step away from conventional building techniques and concentrate on modern methods of construction (MMC).
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Databank
15 July 2005
This week, EC Harris figures on the costs of high-quality refurbishments
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Denton Wilde Sapte
15 July 2005
The Commission for Architecture and the Built Environment has appointed law firm Denton Wilde Sapte to oppose Berkeley Homes’ masterplan for Royal Woolwich Arsenal in south-east London. Greenwich council granted Berkeley plannizg consent in 2004. The Office of the Deputy Prime Minister called in the scheme after CABE objected. CABE said: ‘It is essential that any proposal shows an understanding of the historic context, and that the proposals ...
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Eastern Europe construction is 50% cheaper
15 July 2005
Eastern European countries are the cheapest places to build in Europe, according to the latest EC Harris research revealed exclusively to Property Week.
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Existential philosophy
15 July 2005
Refurbishing existing buildings has particular cost implications.
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Housing Federation calls for trial transfers
15 July 2005
The National Housing Federation has called on the Office of the Deputy Prime Minister to introduce changes to the way councils transfer housing stock to housing associations.
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Overseas investors warned about German resi market
15 July 2005
Dutch bank Kempen cautions inexperienced investors as venture capitalists prepare to sell up
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Summer sales
15 July 2005
Incentives such as cashbacks and discounts are propping up sales volumes, but the City is becoming nervous.
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Databank
08 July 2005
This week, National House-Building Council research and a view from the City
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English Partnerships
08 July 2005
English Partnerships has submitted an outline planning application to Plymouth City Council to develop a 3 acre (7.3 ha) ex-Ministry of Defence storage site. The regeneration agency is seeking to turn the Stores Enclave at South Yard in Devonport, Plymouth, into a mixed-use scheme that will include 500 new homes, 25% of which will be affordable housing. English Partnerships plans to appoint a development partner on the scheme.
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Lend Lease on the rebound
08 July 2005
Doug Morrison questions the timing of the Australian developer’s purchase of housebuilder Crosby
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New kids on the block
08 July 2005
A new breed of fast-moving, well-connected residential developer has caught the attention of the big commercial operators.
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ODPM housing review
08 July 2005
Yvette Cooper, the minister for housing and planning, has stated that the government plans to take further steps to meet the targets for housing set out in the Barker report.
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Residential development in city centres hit by slowdown
08 July 2005
King Sturge report says buy-to-let wobble has made investors nervous
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CABE chairman: government must not let standards slip
01 July 2005
‘The Office of the Deputy Prime Minister must not let quality slip in the face of its ambitious housing targets.’
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CIH urges new-build investment
01 July 2005
The Chartered Institute of Housing has urged the government to keep investment in new housing at the forefront of the next Comprehensive Spending Review.
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Cracking the code
01 July 2005
The prospect of financial gain makes design coding a popular idea, but critics fear an explosion of soulless identikit developments.
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Housing Corporation chief calls for greater efficiency
01 July 2005
Jon Rouse praises achievements in social housing, but warns against complacency
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Office space strikes back
01 July 2005
Residential no longer has a monopoly on the highest land values
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...and calls for increase in occupier membership
24 June 2005
The British Council for Offices is looking to increase the number of occupiers and public sector bodies among its membership.
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Buyers’ upturn fizzles out
24 June 2005
Outlook remains negative as completed house sales fall 29% on a year agoLatest figures from the RICS indicate that the residential property market stalled in May.
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Databank
24 June 2005
This week, RICS research into house sales
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Kenmore
24 June 2005
Edinburgh-based property company Kenmore has gained planning consent for the redevelopment for a 150,000 sq ft (13,935 sq m) mixed-use leisure complex at the eastern end of Union Street in Aberdeen. Plans for the City Wharf scheme include a 106-room Ibis hotel as well as bars, restaurants, a casino and a 400 space multistorey car park. Work on the redevelopment is intended to begin towards the end of this year.
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New BCO president highlights dangers of offshore drift...
24 June 2005
Developers must provide high-quality UK alternative to Asia, Deutsche man warns
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New Northern Quarter plans near completion
24 June 2005
Centros Miller to submit bigger application for Portsmouth scheme
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What goes around comes around
24 June 2005
Urban Splash is to convert Birmingham’s iconic Rotunda building into a mixed-use development.
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Crest Nicholson
17 June 2005
Crest Nicholson and ASDA have applied for consent to build a £100m 27-storey residential tower in the Park Central area of Birmingham. The building, on the corner of Bristol Street and Lee Bank Middleway, is part of the wider 61 acre (25 ha) Park Central scheme. The tower, designed by Gardner Stewart Architects, will incorporate an 85,670 sq ft (7,960 sq m) Asda store and 415 flats above ...
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Crest Nicholson to close London residential office
17 June 2005
Housebuilder to bolster resi expertise in mixed-use wing with 30 staff
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Databank
17 June 2005
This week, EC Harris research into fit-out costs of office buildings
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ODPM picks 33 for 60,000 quest
17 June 2005
The Office of the deputy prime Minister has invited 33 parties to take part in the next phase of its housebuilding competition to provide £60,000 homes for first-time buyers.
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Paying the price for flexibility
17 June 2005
Increasingly demanding and more discerning tenants could push up prices
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United front
17 June 2005
Private developers are rushing into the student housing market. Unite is leading the charge.
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Agents home in
10 June 2005
The big commercial property services companies are moving into unknown territory: the residential agency market.
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Cities Revealed
10 June 2005
Aerial photography company Cities Revealed has produced the framework for a strategic network of interlinked Green spaces in east London. The images will help to develop the layout and function of open space in a 4,000 sq km corridor stretching from Tower Bridge to Thurrock and Dartford. Appointed by the Thames Gateway London Partnership, Cities Revealed will eventually provide a digital view of the entire Thames Gateway area.
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Databank
10 June 2005
This week, National House-Building Council research into completions and sales
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German housing privatisation set to continue, says report
10 June 2005
The privatisation of German residential stock is likely to continue at a rate of 150,000 units a year for the next five years, predicts a report issued last week by German property bank Eurohypo AG.
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Prescott’s Barker report blues
10 June 2005
Government is struggling to make progress on housing supply recommendations
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RICS widens resi appeal with Tech qualification focus
10 June 2005
Institution hopes to attract residential leaders through ‘expert’ route to membership
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£40m mixed-use redevelopment
03 June 2005
Construction of a £40m mixed-use redevelopment next to Chelmsford’s main railway line is due to commence next month. Barratt Eastern Counties, a joint venture between CTP, Essex County Council and Barratt Homes, will develop 170 flats and 30,000 sq ft (2,785 sq m) of retail and leisure. The scheme will also incorporate a new bus station and town square.
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CABE to open design review panel to public scrutiny
03 June 2005
Architecture commission responds to ODPM criticism about secretive nature of review process
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Caution over housing policy
03 June 2005
Key representatives of the housing sector have reacted to last week’s wave of government housing announcements with caution.
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CBRE and Hamptons
03 June 2005
The joint venture between CB Richard Ellis and Hamptons International is to set up a residential research team.
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Central London: party’s over
03 June 2005
Investors that have driven the boom are becoming more cautious, says Richard Donnell
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Databank
03 June 2005
This week, sale prices and take-up of central London residential property
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Living large
03 June 2005
In a marketplace where size offers the best chance of securing funding, housing associations are merging by the dozen.
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Buyers in the driving seat
27 May 2005
Fears of rising interest rates have subdued demand but have increased selling, says Milan Khatri
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Databank
27 May 2005
This week, RICS research into the housing market
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Design ‘impacts on employee performance’
27 May 2005
A survey undertaken jointly by the Commission for Architecture and the Built Environment and the British Council for Offices (BCO) has urged businesses to consider the impact of design on performance.
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Designed for life
27 May 2005
With housing design unchanged since the 1930s, can a new wave of experimental properties drag housebuilders into the 21st century?
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Queen’s Speech proposes bill to regulate home reversions
27 May 2005
Government plans FSA supervision of growing reversions market and housing benefit reforms
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Rolfe Judd
27 May 2005
Architectural practice Rolfe Judd has said it wants to ensure that Berkeley’s Tabard Square development on Tabard Street in London’s Southwark (left) meets the Greater London Authority’s objective for more public space. The development will be built around a public square with a 4,000 sq ...
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Countryside Properties
20 May 2005
Countryside Properties has established a joint venture with Trenport Investments to develop a 74 acre (30 ha), £150m mixed-use scheme in Sittingbourne, Kent. Called East Hall Farm, the development will be next to Trenport’s Eurolink business park.
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Databank
20 May 2005
This week, EC Harris research into the construction costs of high-quality flats
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English Partnerships to stay away from MoD disposals
20 May 2005
Chief executive Higgins says agency will concentrate on core advisory role.
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OEA’s mandatory call
20 May 2005
The Ombudsman for Estate Agents (OEA) has called for membership of the body to be mandatory for all residential agents in its 2004 report, published last week.
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Out of danger
20 May 2005
The redevelopment of a once crime-ridden square behind Oxford Street has breathed new life into a much-maligned area of London.
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The rise and fall of high-rise
20 May 2005
Developers must be well informed if they succumb to the lure of residential towers
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Intro homes
13 May 2005
The first large-scale development from new housebuilder Intro opens for business next week.
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Seven in 10 homes are owner-occupied
13 May 2005
The Office of the Deputy Prime Minister last week released the first in a series of reports into the state of English housing.
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Shares struggle as profits rise
13 May 2005
Housebuilders shares flounder despite record sales and bumper profits
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The art of the possible
13 May 2005
Good masterplans ensure a coherent structure to town planning, but they need to stay within the realms of possibility.
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The Gooderham family
13 May 2005
The Gooderham family has won planning consent for a mixed-use scheme on a site at Snape Maltings in Suffolk, on the east coast. The site is best known for Benjamin Britten’s Aldeburgh Festival. The new masterplan, by LDA Design, envisages 65 new homes as well as retail and an expansion of existing music facilities.
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Three more towers to rise above London’s East End
13 May 2005
Housing association’s 26-storey scheme will provide 346 homes in east London regeneration area
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Anti-social
London supplement 2005
John Prescott’s decree that Westminster council must raise its affordable housing limits could make schemes unviable.
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Council of Mortgage Lenders adopts historic commonholds
06 May 2005
New form of residential property ownership will protect investors from leasehold depreciation
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David Wilson Homes
06 May 2005
David Wilson Homes launched its Sheffield-based Project LIFE on Wednesday, a six-month experiment to determine how people use their homes. The housebuilder will monitor a family’s reaction to the advanced design of the home. The University of Nottingham’s School of the Built Environment will also monitor activities in the house, from the usage of electrical appliances through to waste disposal.
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Green and pleasant land
06 May 2005
Greenfield land values are still on the rise after 2000 planning guidance, says Yolande Barnes
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Houses of correction
06 May 2005
RPG13 has led to housing quotas being slashed in the north-west. Now, housebuilders are hoping a new spatial strategy will restore building targets.
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Liverpool’s eco-friendly housing renewal begins
06 May 2005
Work has started in Liverpool on one of the first Housing Market Renewal Initiative (HMRI) schemes.
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Housebuilders’ election plea: deliver on Barker Report
29 April 2005
House Builders Federation calls on new government to address issue of housing supply
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Londonewcastle
29 April 2005
Residential and mixed-use developer Londonewcastle has unveiled its design for the former Cole & Son wallpaper factory on Offord Road, London N1. Due for completion next summer, the scheme will provide 14 flats, 10 live/work units and more than 8,000 sq ft (745 sq m) of offices, and feature a decorative motif based on an original art nouveau wallpaper design.
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Prices slip in buyers’ market
29 April 2005
Interest rate uncertainty causes pre-election housing market to soften
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Record 2004 for Oakdene on AIM
29 April 2005
Oakdene Homes has issued record year-end figures in its first results announcement since it was listed on the AIM last May.
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Your home may be at risk
29 April 2005
Equity-release schemes are becoming increasingly popular among Britain’s ageing homeowners. But is this a long-term solution to the problems of missold mortgages and pensions?
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Army surplus
22 April 2005
Chelsea Barracks is about to be put up for sale, ending a failed eight-year PFI process.
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Eden Square
22 April 2005
Eden Square in Liverpool city centre was this week released for general sale. Developed by Downing, the scheme is located on the edge of a world heritage site and the Castle Street conservation area. Downing has consent to build two towers on the site, a 10-storey ‘teardrop’ building (above left) with 63 flats, and mixed use on the ground floor, and a 12-storey building (above right) with 60 flats.
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Homes to fill derelict NHS site in Farnham
22 April 2005
Guildford and Waverley Primary Care Trust has won planning permission to turn its derelict NHS site in Farnham, Surrey, into 140 homes.
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MoD narrows field for London estate revamp
22 April 2005
Capita Symonds and Skanska edged out of £200m MoDEL public-private partnership
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City house-hunters
15 April 2005
As Gerald Ronson circles Crest Nicholson, Gwyn Roberts asks if we are about to see a wave of takeovers in the housebuilding sector
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Databank
15 April 2005
This week, EC Harris research on the costs associated with new-build offices
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Energy rules on development
15 April 2005
EU legislation means the energy-efficiency of buildings will impact on their value, says Paul Moore
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Crest Nicholson
08 April 2005
Crest Nicholson plans to build a 58-unit development on land next to the London Nautical School on Stamford Street in London SE1. Retaining the currently vacant site’s existing grade II-listed white columned portico, the scheme will be built on land previously owned by the school.
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Design counsel
08 April 2005
New CABE chairman John Sorrell continues to insist that its controversial design reviews should not be made public.
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Linden sells north-west arm
08 April 2005
Linden Homes is to focus on ITS southern operations following the decision to sell the Linden North-West office to the local management team.
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Shortlist announced for £2bn Canning Town development
08 April 2005
East London’s Newham Council has shortlisted the six developers for a £2bn regeneration of Canning Town.
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The regeneration renaissancee
08 April 2005
New Urban Regeneration Index shows 11% returns in deprived areas
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Affordable housing returns to Buckinghamshire plan
01 April 2005
South-east assembly forces government rethink on Aylesbury Vale and Milton Keynes
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Barratt breaks records again in 2004
01 April 2005
Barratt has become the latest housebuilder to reveal record results.
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Eden Village
01 April 2005
Construction has begun on David Wilson Homes’s Eden Village project in Kent. Work has begun on the roads that will link the village to nearby Sittingbourne. Phase one of the scheme, providing 180 flats and homes, will start early in 2006.
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Mixed use is here to stay
01 April 2005
Research shows 146% growth in supply, says Yolande Barnes
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Sky high in south London
01 April 2005
Amec’s Lewisham Gateway will include the latest tower to grace London’s skyline.
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A managed decline
24 March 2005
With more properties coming on to the market, price drops look set to continue
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A shortlist of developers
24 March 2005
A shortlist of developers has been announced by the South East England Development Agency to complete the residential element of the Woolston Riverside site in Southampton, Hampshire. Barratt Homes, Berkeley Homes (Southern), Crest Nicholson, George Wimpey UK and Taylor Woodrow are all in the running to build the towers.
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Ashford picks Affinity and Moat
24 March 2005
Affinity Housing and Moat Housing Group have been selected by English Partnerships as preferred developer for the East/West Street site in Ashford, Kent.
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Bovis delivers strong 2004 results
24 March 2005
Bovis Homes has joined the ranks of housebuilders announcing positive results for 2004, reporting pretax profits of £145.2m, an 18% increase on 2003.
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Candys’ new flavours
24 March 2005
Having made their name developing bespoke homes for the super-rich, the Candy brothers are moving on to yachts, hotels and Knightsbridge’s Bowater House. Gwyn Roberts met them. Photograph by Dominik Gigler
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Laing O’Rourke launches housebuilding division
24 March 2005
Explore Living to begin with south-east focus before competing with national housebuilders
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Databank
18 March 2005
The benchmark graph illustrates the costs of high-quality new-build houses, tendered in the past four years, with which EC Harris has been involved.
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E1 flats get green light
18 March 2005
Toynbee Housing Association and GallifordTry partnership have won consent for a £34m, mixed-use development on a 1.7 acre (0.72 ha) site in Whitechapel, east London.
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Four bidders vie for central Daventry revamp
18 March 2005
Daventry District Council has drawn up a shortlist of potential developers to complete the first stage of a mixed-use plan to improve the quality of the Town Centre.
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Many happy returns?
18 March 2005
One year down the line, Gwyn Roberts reports on the impact of the Barker Review into UK housing supply
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Newham shortlists six for Canning Town regeneration
18 March 2005
Quintain and Taylor Woodrow/Barratt JV among those bidding for Thames Gateway development
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The high-quality housing quandary
18 March 2005
Paul Moore highlights the difficulties of maximising value at upmarket schemes
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Westbury acquires final site for homes plan in Warrington
18 March 2005
Housebuilder Westbury Homes has acquired a 4 acre (1.62 ha) Warrington site, with outline permission for 450 homes, from Contract Chemicals.
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Ballymore is granted permission for Europe’s tallest residential development
11 March 2005
Ballymore has been granted planning permission to build Europe’s tallest residential development at 1 Millharbour in London Docklands. The scheme will include more than 700 flats in two interlinking towers rising to 36 storeys and 400 ft (120 m) and 50 storeys and 560 ft (170 m) in height. The development has been designed by the architect Skidmore Owings & Merrill, which devised the masterplan for Canary Wharf.
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Developers bid for £200m social grant
11 March 2005
The Housing Corporation has revealed the next round of the ‘new partnerships in affordable housing’ pilot scheme.
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Housebuilder trio defy gloom with positive 2004 results
11 March 2005
But Persimmon, Taylor Woodrow and Wilson Bowden will be cautious in 2005
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Housebuilders braced for Budget
11 March 2005
Will next week’s Budget bring a solution to the housing cost conundrum?
-
The great German sell-off
11 March 2005
With private equity firms engulfing the German residential market, Gwyn Roberts finds out how Germany is slowly emerging from its economic slump.
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Fitzgerald to become chief executive at Galliford Try
04 March 2005
Galliford Try has promoted The managing director of its housebuilding wing to be the company’s new chief executive officer.
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Housebuilders vie for Reuters Docklands development
04 March 2005
Restructuring media company to build 714 homes on 5 acre riverside car park
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University to leave Leith
04 March 2005
Queen Margaret University College last week announced the sale of its Leith Campus in Edinburgh.
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Weston Homes gets planning permission
04 March 2005
Weston Homes has received planning permission for its mixed-use metropolis at London Docklands’ 31-39 Millharbour. The scheme will include 515 flats and 9,870 sq ft (920 sq m) of commercial retail use at ground level. Weston has already developed a residential block at 41 Millharbour.
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Where are all the houses?
04 March 2005
Increased land availability has not translated into more housing.
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Wolves bites back
04 March 2005
Dutch developer AM’s New Summer Row is Wolverhampton’s long-awaited response to Birmingham’s Bullring. But as Gwyn Roberts found out, it is more than a shopping centre
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As stable as houses
25 February 2005
Conditions will remain subdued, despite a modest upturn in housing activity, says Milan Khatri
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CABE: Sunderland plan ‘lacks character and sense of place’
25 February 2005
The Commission for architecture and the Built Environment’s design review panel has described the masterplan of Sunderland’s Riverside Park regeneration as lacking an understanding of how communities work.
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English Partnerships agrees to stay out of MoDEL sale
25 February 2005
Regeneration agency will not attempt to buy £200m sites for itself
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I’m a celebrity, get me in there
25 February 2005
Do high-profile designers really contribute to residential schemes or are they just window-dressing?
-
Wimpey achieves 19% profit increase
25 February 2005
Housebuilder George Wimpey announced strong preliminary results on Tuesday despite the current challenging housing market conditions.
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BCO: occupiers do not understand offices’ impact on their business
18 February 2005
Group calls for more science in relationship between offices and company performance
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Finding the right fit
18 February 2005
Get to know your industrial occupier before a fit-out, advises Paul Moore
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Housing to double at new Elephant and Castle scheme
18 February 2005
The regeneration of the Elephant and Castle in south London took another step forward last week after Southwark Council approved two planning applications for housing schemes.
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The circus comes to town
18 February 2005
When Taylor Woodrow started work on a £498m project in Colchester it uncovered the UK’s only Roman circus.
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Wimpey wins EP Bracknell contract
18 February 2005
Wimpey wins EP Bracknell contractGeorge Wimpey was selected by English Partnerships last week as preferred developer for the former RAF Staff College site in Bracknell, Berkshire.
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City fears over housing unfounded
11 February 2005
Lowest level of first-time buyers since 1981 is no cause for panic, says Doug Morrison
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Countryside, Lend Lease and Barratt to deliver homes
11 February 2005
Countryside, First Base Partnership and Key London Alliance have signed heads of terms with English Partnerships to create 4,000 homes under the London Wide Initiative.
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Farmland prices up 25% despite drop in sales
11 February 2005
Farmland prices rose sharply in 2004 according the RICS rural land survey, released last week.
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Mixed blessing
11 February 2005
A new brand of creative mixed-use design, by Renzo Piano, is set to revitalise the St Giles area of central London. Gwyn Roberts reports
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Sovereign buys mortgage group
11 February 2005
Sovereign Reversions has purchased the shared equity mortgage business of the Montpellier Group for £1.89m.
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Tchenguiz climbs aboard 300m residential investment fund
11 February 2005
Consensus Group to provide funding for Sterling Assets, with five-year target of £1.5bn
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Home improvement
04 February 2005
As chief executive of Bovis Homes, Malcolm Harris has put design at the centre of the housebuilder’s strategy.The Kent village of Longfield is not the best advertisement for modern housebuilding.
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Housebuilders welcome ODPM initiative
04 February 2005
Housing supply is due to rise over the next decade following the announcement of the ODPM’s five-year plan for increased home ownership.
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How the development land lies
04 February 2005
The costs of developing on brownfield land will continue to hit values
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Planning paper offers developers more influence on local housing
04 February 2005
Consultation document says housebuilders should have more freedom to meet market needs
-
US developer Pembroke Real Estates gets consent for tower
04 February 2005
The London Borough of Islington has granted US developer Pembroke Real Estate consent for a 36-storey residential tower at City Road Basin.
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Elephant and Castle progresses
28 January 2005
The £1.5bn regeneration programme for London’s Elephant and Castle area progressed this week with the announcement that Southwark Council is about to start the procurement process for commercial development partners.
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Mixed messages
28 January 2005
CB Richard Ellis and Hamptons International, in association with NOP and Property Week, have carried out the first survey of what the people who use mixed-use schemes think of them.
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MPs attack English Partnership's latest plans for Dome sale
28 January 2005
Committee claims £550m deal with Meridian Delta is not in taxpayers’ best interests
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Tesco moves to mixed use
28 January 2005
Tesco has completed its first residential scheme in a move that reveals the supermarket group’s commitment to mixed-use development.
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The steady state of housing
28 January 2005
The renewed stability of interest rates has helped the residential market
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At your service?
10 December 2004
Tenants hold the key to the success of London’s business improvement districts – the US-style local management schemes.
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Green-light district
10 December 2004
The UK’s first business improvement district has been voted through in Kingston upon Thames. Robert Sharp reports on the challenges it faces
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The Liver BID
10 December 2004
Liverpool’s biggest landlords are realising that a BID will benefit them, as well as their tenants.
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Public sector sell-offs: Forces' market
22 November 2002
The changing property requirements of the Metropolitan Police and armed forces will bring thousands of square feet on prime sites in central and Greater London to the market.
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Yorkshire Forward: Yorkshire's star turn
22 November 2002
World-renowned architects are lending a touch of inspiration to towns in northern England.
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Battle of the planners
20 September 2002
Council planners are threatening a national walkout over pay unless the government realises their true worth.
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Man at the summit
20 September 2002
Birmingham council leader Sir Albert Bore (pictured) will be a leading light at a summit which will debate Labour's impact on the inner cities.
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The making of modern Manchester
20 September 2002
Regeneration minister Lord Rooker this week unveiled these images of the government’s third Millennium Community at Ancoats in Manchester.
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And now the NEWS …
2 August 2002
… housebuilders have to prove they value affordable housing if they want planning permission.
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Gas perks
2 August 2002
There is always horse-trading before deciding on the right level of social housing in a scheme, as this case study reveals
-
Nuclear sites: Power play
2 August 2002
The government is to sell long leases on former atomic energy plant sites. But it still has to convince developers that safety is not an issue.
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Loss to the community
10 May 2002
Elephant & Castle's £1.5bn regeneration is in tatters after local infighting caused the collapse of the scheme last month. And it is the people of the Elephant who stand to lose the most.
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Monti's downfall?
10 May 2002
Europe's over-mighty competition directorate, led by Mario Monti, caused regeneration work in Britain to grind to a halt when it sank the Partnership Investment Programme three years ago. But now the tide of opinion is turning.
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All in the mine
1 March 2002
Former collieries can be turned into lucrative development land – if the effort is made to clean them up. We report on how yesterday's coalmines could become tomorrow's goldmines
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Another day in Paradise
1 March 2002
Birmingham City Council is set to award the UK's biggest public-sector contract. We talk to the consultancies in the running for Paradise Circus
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Swap shop
1 March 2002
The public sector is not usually known for innovation, but its plans for for land swaps and other joint ventures with the private sector are surprisingly innovative.
-
Dome comforts
11 January 2002
Barren wasteland or fabulous new business location one stop from Canary Wharf? We spoke to Quintain chief Adrian Wyatt and Lend Lease Europe director David Hutton about their plans for the troubled Millennium Dome site
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Public enterprise
11 January 2002
Local authorities are being told tighten their belts and manage their property assets more effectively. We report on ways councils across the country are trying to behave more like their private corporate counterparts
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Room for improvement
11 January 2002
The government is bringing in US-style business improvement districts to reverse the decline of our town centres. We report on its chances of success
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A sporting chance
23 November 2001
Public-private outfit New East Manchester is aiming to secure £2bn of finance and get its huge development programme motoring in time for the 2003 Commonwealth Games.
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Passing the Initiative test
20 August 1999
Prime and STEPS may grab all the headlines, but it's local authority, health and education Private Finance Initiatives that make up the bulk of schemes in progress.







