Five star service at luxury hotels around the world offer unrelenting services that dreams are made of. Such indulgence is fast spreading throughout new London developments, thanks to realisation that those who choose apartment living crave that kind of treatment at home - and they’re willing to pay for it.
OWNER Benson Elliot has unveiled its timetable for the £40m regeneration of the Fishergate Shopping Centre in Preston.. The revitalisation programme, which will be one of the largest private sector investments in the city centre for more than two decades aimed at bringing the shopping centre into the 21st century, is set to be discussed by planners within weeks.
A LARGE-scale housing scheme in Warwick, which had been rejected at the local level, is set to go ahead after planning permission was forthcoming from the secretary of state on appeal.
A leading figure in the property industry has hit out at the Government’s “hammering of buy-to-let landlords”, saying the policy will hit tenants.
Auctioneer Clive Emson said that changes to tax relief and extra Stamp Duty could have a “catastrophic” effect.
He said there is no point in penalising small landlords when demand for homes is far outstripping supply.
Emson said: “To alienate the private landlords is so short-sighted.
“The public sector clearly does not have the funds or expertise to develop sufficient social housing – so where do the tenants live if the privately owned stock is removed?
“This could be catastrophic.
Just over 60,000 people have signed an online petition urging MPs to reconsider the controversial buy to let mortgage interest tax relief change introduced by Chancellor George Osborne - a high figure but well short of the 100,000 required to force a debate.
The Royal Institution of Chartered Surveyors has teamed up with 62 other property bodies to launch “a global consultation on ethics principles” within the industry.
The bodies have come together in a group called the International Ethics Coalition under the leadership of FIABCI, the International Real Estate Federation.
A 20-year farm business tenancy on a mixed farm will soon be available with the Duchy of Cornwall.
Arralas Farm, between Newquay and Truro, is one of the principle farms on the 2,215-acre Arrallas Estate in Cornwall.
It extends over 382 acres with extensive agricultural buildings, a farmhouse and two to three cottages.
The rocketing cost of rent in some parts of the UK is squeezing tenants so hard that property guardianship, or "legal squatting" as it has been dubbed, is the only way some can afford a roof over their heads.
The National Landlords Association (NLA) has criticised local councils for telling private tenants to ignore eviction notices served by their landlords and to wait for bailiffs to turn up before moving out.
The NLA says half (49%) of tenants who’ve been served with a section 21 notice by their private landlord say they have been told to ignore it by their local council or an advice agency such as Shelter or the Citizen’s Advice Bureau (CAB).
Average property prices in England and Wales increased year on year by 6.4% in December, taking the average property value to £188,270, the latest index shows.
Month on month house prices rose by 1.2% since November 2015, according to the monthly index report from the Land Registry.
London recorded the greatest increase in its average property values with annual growth of 12.4% and the biggest month on month rise at 2.1%, taking the average price to £514,097.
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Watching The Big Short gave me deja vu – mistakes made in the US before the financial crash are being replicated in the UK housing market
Confidence in the UK housing market remains strong and the majority believe that property prices will be higher rather than lower in 12 months’ time.
There has also been a small rise in positive selling sentiment in the final quarter of 2015 and a fall in the number who expect it to be a bad time to sell, according to the latest quarterly Halifax Housing Market Confidence Tracker index report.
Price growth for prime properties in key urban markets in the UK is likely to continue this year, driven by growing demand among buyers, new research suggests.
In particular demand for properties in key town and city locations such as Oxford, Bath, Bristol and Cheltenham with access to good schools, transport links and amenities is expected to be high.
They are attractive to buyers from London, including commuters, as infrastructure improvements make them and their amenities more accessible, according to the research from real estate firm Knight Frank.
Last summer, a brief recovery in the manufacturing sector was already running out of steam. The construction sector followed the same path. Affected by a slowdown in global trade, the high value of the pound, and possibly the government’s determination to impose another five years of austerity, businesses became more circumspect about expanding output.
Now, official figures for GDP growth in the final three months of 2015 show that these backbone of the economy activities, the stuff of making and building things, actually shrank.
While manufacturing accounts for little more than 10% of the economy, and construction about 7%, they are vital elements. The chancellor, George Osborne, promised a march of the makers. It hasn’t happened.
The number of new homes registered to be built is at the highest since the crash - but is still nearly 25pc short of the Government's target of 200,000 a year, and London is falling behind.
The National House Building Council (NHBC) said that 156,140 new homes were registered to be built in 2015, up 7pc from last year, and the highest number since 2007.
MANCHESTER's Grade A office market is booming, with more big firms choosing to move into new-build space.This is according to property developer Ask which today released a statement based on 2015 office take up across the city centre.Grade A take up amounted to 412,513sq ft last year, more than a third of total take up, with Ask involved in circa 25% of these transactions.
Commercial property prices in the UK continue to rise as demand remains strong in all sectors according to the latest survey from the Royal Institution of Chartered Surveyors (RICS).
UK Commercial Property is still seen as a safe haven for investors with rents and capital values set to continue rising despite macro concerns, the survey says.
With businesses across the UK thriving and employment data still strong, the industrial sector has the greatest momentum in occupier demand.
Landlords will have to start checking passports and visas of new tenants from Monday February 1 as "right to rent" legislation comes into force.
Families taking in lodgers also have to make sure the person has the right to live in the UK.
Fines of up to £3,000 apply where tenants are not entitled to live in Britain.
The UK’s new Build To Rent initiative, where institutions fund and manage purpose-built rental accommodation, has received its second big investment in two days.
Many see Build To Rent as a government-supported initiative to try to raise standards in the private lettings market - even at the cost of buy to let investors.
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