UK joins the race to top Green Finance

The Government's green finance advisers have put forward a ten-point list of investment guidelines which they believe would accelerate the UK's global low-carbon leadership credentials. The Green Finance Taskforce’s report claims that “unprecedented levels of investment” will be required for the UK “to lead the world in cutting emissions while driving growth”. Among its recommendations, [...]

An influx of foreign cash has boosted average UK property prices

A recent study by King’s College London has cast a very interesting light on the UK property market and the impact that foreign investment has had over the last 15 years. The report suggests that UK house prices increased by 20% over the last 15 years as a direct consequence of increasing foreign investment. The [...]

By |2018-04-05T11:50:17+01:00March 30th, 2018|Commercial, Industry News, Residential, Uncategorized|0 Comments

House purchases fall as remortgaging drives lending growth

Mortgage lending grew 4.9% in February to £19bn year-on-year, however, this appears to have been driven by a rise in remortgaging to replace a collapse in house purchase approvals. The £19bn total last month was also down almost £3bn on January and below the monthly average of £21.4bn for 2017. According to the data from [...]

By |2018-03-27T16:13:02+01:00March 27th, 2018|Commercial, Industry News, Residential|0 Comments

Property price growth in Edinburgh outperforms all other UK cities

Property price growth in Edinburgh was higher than any other city in the UK last year with a rise of 10.2% in the 12 months to December 2017, new research shows. Average prices in the city reached a record high of £285,000 and the total value of Edinburgh’s housing stock grew by £7.5 billion from [...]

By |2018-03-23T20:52:18+00:00March 23rd, 2018|Commercial, Industry News, Residential, Uncategorized|0 Comments

Property firms make millions buying and selling on MoD land

MoD fails to ensure windfall profits are returned to taxpayer or development occurs, says opposition. Property companies have made millions of pounds by buying land from the Ministry of Defence and applying for planning permission, before selling on the sites. Sites with space for 55,000 houses have been sold off including Fort George in Scotland, two York barracks and [...]

London leads new global green finance rankings

London’s reputation as a leading financial centre has now extended to include the field of sustainability. A new Global Green Finance Index (GGFI) has found the city as the top destination for green finance, leading in both the categories of ‘penetration’ and ‘quality’. The Index, launched by think tanks Z/Yen and Finance Watch, was compiled using survey data [...]

UK’s 10 fastest-moving property hotspots named by new research

Newport in South Wales has been identified as Britain's fastest-moving property market, with the average length of time it takes to find a buyer in the city having been slashed by nearly a third over the past year. Rightmove said last year's announcement that tolls on the Severn Crossings will be scrapped at the end of [...]

By |2018-03-15T17:14:37+00:00March 12th, 2018|Commercial, Industry News, Residential, Uncategorized|0 Comments

UK commercial property capital and rental valuation sees growth in 2018

The UK saw modest rises in commercial property valuation growth, with total returns up by 0.6% in February while capital value growth and rental value growth were up by 0.2% apiece. The London office space saw total returns in line with countrywide totals, while industrials pushed up the average with a 1.2% climb, and retail [...]

Brexit is the property sector’s chance to spur real investment

The plans the Prime Minister announced on Monday to reduce bureaucracy and increase the supply of housing are welcome. Equally welcome is her preparedness to consider the situation of each industry sector when determining the UK’s post-Brexit regulatory framework. As we leave the EU, now more than ever the UK needs policies which attract investment [...]

By |2018-03-06T17:44:46+00:00March 6th, 2018|Commercial, Industry News, Uncategorized|0 Comments
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