Britain is on the verge of a rental revolution with around £30bn of institutional investment earmarked to build and manage homes for rent, according to a new report to be published on Monday 3 August.
The report highlights the importance of good design to the future success of the sector. Developers will need to look beyond traditional residential layouts and instead create homes that foster a sense of community.
‘Funding Britain’s rental revolution’, by Addleshaw Goddard, a law firm and the British Property Federation, a trade body, says Build to Rent could bring in substantial additional finance for housing.
When Melita Jackson decided to disinherit her daughter Heather, she knew what she was doing, and her decision was clear. Now a court has ruled that Heather still has a right to a share of her estate. As Britain experiences a surge in will disputes, is our sense of what we owe our children changing?
Almost three quarter of first time buyers in the UK underestimate the costs needed to buy a new home, with most only saving for a deposit, new research shows.
They also spend £1,680 more than expected on essential repairs to a first home and under budget by over £6,000, according to a survey by home insurer Aviva.
The Mayor of London Boris Johnson has announced that his key target of 50,000 new homes for Londoners as part of a landmark Housing Zone scheme has been met ahead of schedule.
A three further zones already announced will fast track much needed development in the boroughs of Brent, Westminster and Sutton along with continued efforts to free up land for new housing, he added.
Rents paid to private landlords in Britain went up by an average of 2.5% over the last year, the fastest rise for two-and-a-half years, figures show.
The largest increase was in London, where rents rose by 3.8% in the year to the end of June, according to The Office for National Statistics (ONS).
Excluding London, rents rose by 1.7%.
He promotes imaginative architecture through his Channel 4 programme Grand Designs, but some buyers of “eco-homes” developed by Kevin McCloud’s company are not impressed.
More than 20 residents of a new estate of “eco-homes” in Stroud, Gloucestershire, have met their MP to complain about what they say is shoddy workmanship that has led to damp, draughts and sky-high bills.
The Applewood estate, built on the site of a former hospital, was developed by Mr McCloud’s property company Happiness Architecture Beauty.
The British farmland market is becoming more finely balanced leading to a greater range in values achieved with sale prices more tightly pegged to local supply and the number of potential buyers.
Overall values increased by 0.2% during the first six months of the year, a reduced rate, according to Savills most recent review of the GB farmland market.
Central Bedfordshire Council has resolved to approve a major planning application for a mixed-use residential-led development of nearly 2,000 new homes to the west of Bidwell which forms part of the larger sustainable urban extension to the north of Houghton Regis.
Prime waterfront properties in the UK are worth up to 70% more than their inland counterparts on average, with the South West commanding an extra 91%, according to new research.
Private slipways have the potential to push the premium up to as much as 118%, according to Knight Frank’s latest Prime Waterfront Index which measures the potential value uplift for prime homes with a view of water compared with similar properties located further inland.
Priced-out Londoners should head to Wellingborough in Northamptonshire to afford a home, according to a study of commuter towns by Lloyds Bank.
It named Wellingborough as the most affordable town within an hour’s commute of the capital, with the average home selling for £160,245 compared to £722,000 in central London. On average, London workers happy to commute for an hour each way will save £450,000 on a property purchase, said Lloyds, although they face annual season ticket costs of nearly £5,000.
A slump in profits and revenues at estate agent Foxtons in the first half of this year has been blamed on an uncertainty in the property market in the run-up to the election.
Profits before tax were £18.1m, down from £23.1m in the previous first half. Property sales fell almost 11% and overall group revenues reduced by 2.3% to £71.1m.
A new 'Money and Credit' report published by the Bank of England (BOE) revealed on Wednesday, the number of mortgage approvals increased to 66,582 in June, which is above an upwardly revised 64,826, and outpaced market expectations.
Quintain Estates and Development is to be bought by US private equity firm Lone Star, the London property group said on Wednesday, after receiving a bid valuing the firm at around 700 million pounds ($1.1 billion).
Quintain holds land around London's Wembley Stadium, which Lone Star said represented an attractive urban renewable project.
London has a chronic undersupply of housing and new developments like Battersea Power Station cater for the already well-served luxury market.
The average price of a London property jumped 9.2% last year to a huge 481,820, according to the Land Registry.
But what's behind the insane price rises? A lot has been made of the influx of foreign money, with David Cameron saying on Tuesday he's worried about London's housing market becoming a haven for dodgy money.
Social housing tenants hit by the so-called bedroom tax should get more financial help from the Welsh government, AMs have said.
Welfare reforms by the UK government include benefit cuts for people deemed to have more rooms than they need.
The Scottish government compensates tenants who lose money, and AMs want Welsh ministers to consider it too.
The Welsh government said it was providing help but could not "plug all the gaps" caused by austerity measures.
David Cameron's plans to crack down on "dirty money" being used to buy UK property have been criticised by tax and property experts.
Later this year, the Land Registry in England and Wales will have to publish the names of all property owners, the prime minister announced.
Up to now, it has only been obliged to publish details of the legal owners of a property - who can be trustees.
This dirty money-go-round is what David Cameron promised to stop today – and for that he deserves a big round of applause. So too does his pledge of a truthful property register – in which the owners of Britain’s land and homes are actually named. It should also be recognised that the Conservative government has gone further on this issue than Tony Blair or Gordon Brown managed in their 13 years in power, and post-9/11 attempts at cracking down on money-laundering. Labour had plenty of opportunity to take this step.
Foreigners must not be able to buy UK homes with "plundered or laundered cash" as part a global effort to defeat corruption, David Cameron has said.
Speaking in Singapore, the prime minister vowed to expose the use of "anonymous shell companies" to buy luxury UK properties - often in London.
One of India's richest men, Yusuffali Kader, has bought the original Scotland Yard site in Whitehall for £110m.
The property is being converted into a luxury hotel by developer Galliard Homes.
The completed hotel will be owned by Mr Kader's Abu Dhabi-based Lulu Group International and operated by Steigenberger.
The 92,000 sq ft hotel will become the group's first UK property and is due to open in the first quarter of 2017.
THE central Birmingham headquarters of pubco M&B has been sold to Legal & General Property for £69.5m.
The sale means that existing owner LaSalle Investment Management, which bought the building in February last year for £51m, has made a profit of more than £18m in 15 months.
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