London property takes four and a half months to sell
It takes 139 days to sell property in London, making it among the slowest property markets across the UK, research from Sell Homes Fast has found. In the capital luxury…
Labour members worried about threat of Reform
More than 20% of Labour members expect Reform to be the largest party after the next General Election, while only 3% expect a large Labour majority, a LabourList poll has…
Think tank urges London to build upwards and increase housing benefit
London needs to allow more high-rise buildings in areas with strong public infrastructure, a think tank has recommended. Centre for London said this could be achieved by enhancing compulsory purchase…
infinitSpace appoints Heiko Himme as Head of Real Estate for Mainland Europe
infinitSpace, the global flexible workspace provider, has appointed Heiko Himme as its new Head of Real Estate for Continental Europe, marking a significant step in the company’s strategic expansion across…
£22m build-to-rent deal signed in Derby
Housing specialist Lovell and build-to-rent developer-operator Placefirst have signed a £22M build-to-rent deal in Derby. At the Castleward development there will be 33 single-family houses as well as 79 apartments,…
Stamp duty receipts rise by 20% year-on-year
Homebuyers paid £14.1bn in stamp duty over the past year, up 20% from £11.8bn in the previous year. Business advisors and chartered accountants Lubbock Fine warned that the tax leaves…
Specialist buy-to-let lender launches – PropertyWire
OBS Group has launched a technology-led buy-to-let lending brand called Rely. Rely will use data-led underwriting on a newly created platform, which it said will lead to faster and more…
Non-dom changes create £401million stamp duty black hole
The falling number of high-value residential transactions has put more pressure on the government’s finances, Knight Frank estimates show By Tom Bill, head of UK residential reseaach at Knight Frank…
Bank holds base rate but we “remain on a downward path”
The Bank of England has opted to hold the base rate at 4.25% – but its Governor indicated that further rate cuts will happen this year. Andrew Bailey (pictured) said…
Government unveils £725bn 10-year infrastructure plan
The government has pledged to spend £725 billion in 10 years to boost infrastructure. As part of this commitment £39 billion is going towards affordable housing, as the newly announced…