The Mayor of London, Sadiq Khan, has doubled the council housebuilding target for the capital, aiming for a total of 20,000 new City Hall-backed homes by 2024, after previously meeting the former 10,000 target. This turnaround in council building has been driven by initiatives such as the Mayor’s £1bn Building Council Homes for Londoners grant…
A new strategic partnership between Places for People Living Plus and Lovell Later Living has been announced which will strengthen the existing collaborative relationship and pave the way for more later living specialist homes. The announcement follows the two companies working in partnership to develop four later living extra care communities to date, with a…
In the face of rising inflation, interest rates and living costs, the Bank of England’s decision to remove its affordability test is proving contentious. Following its latest review of the mortgage market, the Financial Policy Committee has confirmed that it will withdraw its affordability test Recommendation. This will come into effect from 1 August 2022.…
Demand from prospective house buyers fell in May 2022, a potential side effect of the rising cost of living and higher interest rates, although house prices in the short term are expected to rise – this according to the latest UK Residential Market Survey (May), from the Royal Institution of Chartered Surveyors (RICS). Respondents reported…
Over 150 new homes for private rental to be delivered across the Midlands following new partnership between Countryside and Start Living. A new partnership between Countryside, the UK’s leading mixed-tenure developer, and Start Living Residential, a new single-family build-to-rent joint venture between Gatehouse Bank and TPG Real Estate Partners (TPGREP), will see over 150 new…
Frustrated sellers from last year are helping to drive stock levels higher, writes Knight Frank. After months of low supply in the UK housing market, the number of listings is finally starting to rise. Late into the spring market, supply is picking up as economic jitters mount and a belief grows that house prices may…
Demand for pied a terres and those looking for a full-time return to the capital are fuelling demand for lettings in prime London, according to the latest figures from leading estate agents Winkworth. As Winkworth launches its latest Property Exchange podcast, Dominic Agace, Chief Executive of Winkworth, said: “Demand for lettings was up 43% in…
Despite a strong start to the year where house price growth is concerned, a month-on-month dip in mortgage approvals has caused many to speculate whether the pandemic property market boom may soon fizzle out. However, the latest market analysis from specialist property lending experts, Octane Capital, has revealed that the heat may have already left the…
More than 18,000 affordable houses have been lost as a result of office-to-residential conversions under permitted development, the Local Government Association warns. A total of 73,575 new houses have been converted from offices under permitted development rights, where full planning permission is not required, since 2015. The LGA, which represents 350 councils in England and…
GTC has revealed a low-carbon heating solution to replace the use of gas for new homes. GTC has developed a heat network solution for traditional, new-build, low-rise developments. Hot water is produced centrally in a Community Heat Hub, using large-scale Heat Pumps powered by grid electricity. This solution reduces carbon emissions by 75-80% based on…
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