Property firm Savills has today upgraded its five-year UK mainstream house price forecast to reflect the stronger than expected start to the year and a modest improvement in lead indicators of demand. Savills revised forecast expects house prices to grow 2.5% in 2024 (revised from -3.0% as forecast in early November 2023), primarily due to […]
A Freedom of Information (FOI) exercise undertaken by the Home Builders Federation has found that more than £50m of taxpayer money was spent on external legal advice on planning appeals over the past three years. The money comprises spending by individual councils and by the Planning Inspectorate, an executive agency of the Department for Levelling […]
The funds have been provided to the 39,000-home social landlord by existing lenders, including Barclays, NatWest and Nationwide, as well as new partners, ABN AMRO and HSBC. The new revolving credit facilities (RCFs) run for 5-10 years. Through this funding process, Stonewater has optimised its financial covenant package with both new and existing funding, unlocking […]
Pantera Property has become the latest organisation to join the Association of Short Term Lenders (ASTL) as an Associate Member. Pantera Property is a strategic and niche family-run firm of chartered surveyors established in 2016. The firm has a dedicated team carrying out Secured Lending Valuations for Short Term Lenders and provides a national property […]
According to Savills, take-up of science related space across the Golden Triangle reached 424,000 sq ft in Q1 2024, the second highest total recorded in the past five years. This signals a positive start to the year within the context of a more challenging occupational market and restricted global venture capital flows. Savills looked at […]
Taking effect immediately, the planning departments in Cambridge and Chelmsford will join together to create a 15-strong discipline spanning Cambridgeshire, Essex, Suffolk, Norfolk, Hertfordshire, Bedfordshire and Lincolnshire. The team will also work closely with colleagues in London to serve the A12 corridor into East London. The combined team will continue to serve multiple sectors, including […]
Prime office rents in major cities around the world have risen 1.1% in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4%, according to Savills, as the structural trend towards seeking high quality premium office space continues into 2024. The international real estate […]
Crystal Specialist Finance (CSF) has witnessed a record-breaking start to 2024 as it targets more than £1bn worth of loan enquiries and applications for the fourth successive year. From January to March inclusive, the specialist finance distributor has processed its highest-ever volume of loans, with bridging (35%), buy-to-let (26%) and commercial (24%) representing the majority […]
London’s £5m-plus residential market continues to slow from its post-pandemic record high, but remains significantly stronger than the pre-pandemic average, according to the latest research from property firm Savills. A total of 89 £5m-plus homes changed hands across London in Q1 2024 according to an all-market analysis from Savills, with a total value of £918m. […]
Positive trends in all the key indicators underline the fact that the UK property sales market has recovered from the interest rate shocks and is proceeding apace, according to Home.co.uk’s Asking Price Index for April. Properties are moving through the market more rapidly overall than was observed in pre-Covid years. Confidence has risen significantly following […]
