House prices drop in high value areas
The higher-priced South West, South East and London areas have seen the largest price drops this month (June). Rightmove, which conducted the research, said buyers in these regions are disproportionately…
London Assembly calls for action on “soaring” service charges on shared ownership
A London Assembly Housing Committee has called for the Mayor of London Sadiq Khan to cap service charges for shared-ownership homes in London. The committee said service charge are “soaring”,…
infinitSpace to open second Berlin location in partnership with PATRIZIA
Flexible workspace provider infinitSpace has completed a new partnership with PATRIZIA, an investment manager in global real assets, to open its second flexible workspace in Berlin. The new site will…
Mortgage guarantee scheme made permanent
The mortgage guarantee scheme will remain in place permanently, as detailed in the government’s Spending Review. The scheme was originally brought to market as one of the two Help to…
Major housing spending commitments announced in Spending Review
The government has committed to investing £39bn in social and affordable housing in its Spending Review. Chancellor Rachel Reeves said this represents “biggest cash injection into social and affordable housing…
Investor signs deal with property data firm
Growth Capital Partners has signed a binding agreement to invest in Nurtur Group Ltd, a firm which provides software and data to the estate agency and home mover market. Nurtur…
Industry welcomes Spending Review, apart from NRLA
Much of the property industry has responded positively to the Chancellor’s Spending Review, with the exception of the National Residential Landlords Association (NRLA). Rachel Reeves committed to investing £39bn in…
RICS predicts accelerated rental growth in the months ahead
The cost of renting should inflate in the months ahead due to a shortage of landlord purchases combined with stronger tenant demand, the RICS UK Residential Survey has revealed. A…
Keir Starmer unveils ‘Extract’ AI tool to speed up planning
The government will launch an Artificial Intelligence tool in collaboration with Google to speed up the planning system. The AI tool will be called ‘Extract’ and can be used by…
The Suffolk relaxes mortgage criteria for foreign nationals and expats
Suffolk Building Society is relaxing its criteria for foreign nationals and expat borrowers. Foreign nationals now need 12 months of UK employment and 12 months remaining on their visa to…