Short-term boom in residential market may be followed by a ‘bust’
The stamp duty holiday played a ‘significant role’ in the recovery of the residential market but these gains may be short-lived as government support measures taper off, a RICS monthly residential market survey has revealed.
Aberdeen Standard Investments snaps up £41m BTR scheme in Leeds
Clients of Aberdeen Standard Investments (ASI) have bought a 324-unit build-to-rent (BTR) scheme outside Leeds city centre from HASItus Leeds for £41m.
Moda signs £10m Section 106 at 824-home Hove development
Developer Moda Living and joint venture partner Apache Capital have signed a £10m section 106 agreement on their £260m, 824-home scheme on the former Sackville Trading Estate in Hove.
Plans for Barnet affordable scheme submitted for approval
Plans drawn up by Barnet Homes and architect RCKa for a 100% affordable housing scheme in London have been submitted to Barnet council for approval.
Etopia becomes ‘world’s first’ carbon neutral housebuilder
Modular housing firm Etopia Group has pledged to offset all its carbon emissions after signing the UN’s Climate Neutral Now initiative.
‘Not enough’ done to incentivise over-65s to move into suitable accommodation
Banks, local authorities and the government must do more to incentivise people over 65 to move into more suitable homes, according to retirement living operator Guild Living.
Saudi billionaire snaps up £18.6m Grosvenor Square apartment
A Saudi Arabian billionaire has snapped up an apartment at 47 Grosvenor Square in Mayfair for £18.6m.
Mansion overlooking Regent’s Park put on the market for £185m
A 19th-century mansion overlooking Regent’s Park has been put on the market for £185m in what would be the UK’s second most-expensive home purchase.
Moda Living partners with smart technology provider Utopi
Moda Living has partnered with technology provider Utopi, which will see smart building technology installed across the build-to-rent business’s development portfolio to boost the sustainability and wellbeing at its schemes.
Marlet mulls selling One Lime Street after securing €65m loan
Developer Marlet is considering selling One Lime Street, its 216-unit residential scheme in Dublin, in 12 to 18 months’ time to an investor after securing a €65m (£58.8m) loan from Allied Irish Banks (AIB) to develop the scheme.
Investors showing a renewed appetite for residential REITs
EPRA figures show discounts to net asset value reducing for UK residential REITs reflecting renewed confidence.
Planning shake-up: Five things to take away from the government’s new reforms
After months of speculation, last night housing secretary Robert Jenrick announced his radical overhaul of the planning system.
Live: Property industry reacts to planning white paper
The government has released its long-awaited planning white paper, Planning for the Future.
MRI Software buys Housing Partners
Proptech business MRI Software has bought Housing Partners, a specialist technology partner for the social housing sector in the UK and Ireland.
Royal Borough of Greenwich awards £300m modular homes contract
The Royal Borough of Greenwich has awarded A&E Elkins what is believed to be the largest contract for modular council homes to date, worth £300m.
Savills reports 66% drop in underlying pre-tax profit
Savills’ underlying pre-tax profit dropped by 66% in the six months to 30 June.
RICS recommends more MMC investment amid private housebuilding drop
RICS has recommended investing more into modern methods of construction (MMC) and introducing amberfield as a new land classification amid the first drop in private housebuilding for seven years.
Homes ombudsman to launch in early 2021
New code of practice targeting poor workmanship will apply to all housebuilders.
Homes for Students reaches 25,000 bed milestone
Student accommodation operator Homes for Students has hit its 25,000 bed milestone.
Section 106 payments axed in planning white paper ‘overhaul’
The government is set to replace Section 106 payments and fast-track ‘beautiful buildings’ in a dramatic overhaul of the planning system outlined in its long-awaited planning white paper.
