SEGRO, the leading owner, manager and developer of warehouse and industrial space, has been announced as a strategic partner of the West Midlands Combined Authority (WMCA), with a commitment to invest £2bn over the coming decade to deliver next generation, net-zero warehouse facilities in the West Midlands. As a strategic partner, SEGRO aims to deliver […]
Knowledge Bank’s monthly criteria index has revealed a host of changes in broker’s criteria searches as they try to place their clients’ cases with lenders. As the UK’s largest database of mortgage lending criteria, Knowledge Bank tracks all the most common searches performed by brokers as they look to place a client’s case. In the […]
New analysis shows the sector grew 9% in the first quarter of 2023, down from long-term annual growth of 28%. Latest analysis from the British Property Federation (BPF) shows that the total number of Build-to-Rent (BtR) homes in planning, under construction, or completed continues to increase year-on-year, but the pace of growth has slowed from […]
But wettest March for decades could put brakes on recovering output figures Construction output reversed its decline in February as improved weather conditions allowed contractors to get more work done. According to the latest figures from the Office for National Statistics, output grew by 2.4% in volume terms across the month, following a 1.7% fall […]
House prices were up by half a per cent in April after seven months of consecutive falls, according to the latest figures from Nationwide building society. The average UK house cost £260,411 compared with £257,122 in March, although year-on-year growth for April remained negative at minus 2.7%. Nationwide’s chief economist Robert Gardner said: “In recent […]
Nearly a quarter of a million extra people are needed in construction by 2027 but outdated perceptions mean it is often overlooked as a career, according to a new report. The Chartered Institute of Building, CIOB’s The Real Face of Construction survey showed 57% of respondents perceived average annual earnings to be lower than the […]
Commitment to move among buyers has returned to levels not seen since February 2022, according to property firm Savills latest survey of prospective prime property buyers and sellers, to uncover how the market has changed so far in 2023. Although higher interest rates and wider market uncertainty are expected to dominate the market in 2023, […]
Surveyors predict a positive net balance of housing sales of plus 1% over the next 12 months, according to March’s residential market survey. This is the first time this measure has been out of negative territory since March 2022, but it is set against a current backdrop of weak demand. Royal Institution of Chartered Surveyors […]
Administrators from business advisory firm Quantuma have been appointed over Lane End Developments Construction Limited, a leading contracting developer for the housing sector across the North West and Wales, working exclusively with social housing providers. Quantuma managing directors Jeremy Woodside and Frank Ofonagoro, both of the firm’s Manchester office, were appointed as joint administrators of […]
All the vital signs of the UK property market confirm a return to strength, according to Home.co.uk’s Asking Price Index for April. The combination of cautiously rising prices, dramatically lower marketing times and a restrained supply of properties for sale confirms that the market has adapted to a rise in mortgage interest rates and buyer […]
