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Former hotel site close to a London tube station eyed up for more than 500 homes

Brownfield developer Inland Homes has submitted a detailed planning application to build 514 flats on a six-acre site in Freezeland Way next to Hillingdon tube station in west London. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s Inland Homes said the plans would transform the former commercial site which was home to the Master Brewer Hotel into a residential mixed-use neighbourhood. The development will include a range of one, two and three-bedrooms flats and 179 of the homes will be affordable. Inland Homes chief executive, Stephen Wicks, [...]

By |2021-11-13T10:54:16+00:00September 30, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Leicester tops UK city house price index with 5 percent growth

Construction Loans News:- House prices in Leicester have grown by 4.8 percent while Aberdeen has seen a 4 percent fall, according to the latest figures from Zoopla's UK cities index. The property website said a 1.9 percent increase in house prices across the 20 cities studied reflected more sustainable growth levels. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s It added it was the first time in seven years that the fastest growing city had increases of below 5 percent. Zoopla's research and insight director, Richard Donnell, [...]

By |2022-03-15T06:25:24+00:00September 27, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Scotland increases new housing by 15 per cent

Development Loans News:- Scotland built 22,273 new homes in the last financial year - the sixth consecutive increase and the highest figure in a decade. Private-led new builds increased by 2,679 homes, 21 percent, while local authority ones declined by 51 homes, 3 percent. Although, housing association new builds rose by 1,041 homes, 33 percent. https://www.youtube.com/watch?v=gZkYeRN7z9k Refurbishments decreased by 642 homes, 67 percent, and net conversions decreased by 74 homes, 10 percent. Housing minister, Kevin Stewart, said this was the [...]

By |2021-11-13T10:54:37+00:00September 25, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Construction costs set to increase steeply over the next five years

Construction Costs News:-Building costs are forecast to rise by 20 percent over the next five years, according to calculations by the Royal Institution of Chartered Surveyors', RICS, consultant panel. The is set against a backdrop of increased new work output activity of 21 percent from 2019 to 2023 claims RICS' business construction information service, BCIS. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s BCIS predicts a 3 percent rise over each of the first two years, then a 4 percent rise in the third year followed by [...]

By |2021-11-13T10:54:45+00:00September 24, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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1,757 Homes To Be Built in Greenwich

Knight Dragon has ditched plans for a film studio on Greenwich Peninsula in favour of building an extra 1,757 homes of which 54 percent are to be affordable. The developers have applied for outline permission for the new homes to be built on 150 acres of land bounded by Hendon Street, Neal Street, West Parkside and John Harrison Way. They will be a mix of studio, one-bed, two-bed and three-bed homes. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s They've also submitted a detailed application to build [...]

By |2021-11-13T10:54:52+00:00September 23, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Glasgow ripe for further strong house price rise

Property Development  News:- Scotland's second city is catching up on the country's capital when it comes to future house prices, according to property agent Savills. The company reported a 3.9 per cent annual price growth for the second quarter of this year and a 9 per cent increase in buyers registering. But said supply was under pressure with 5 percent fewer properties available to buy compared with 2018. https://www.youtube.com/watch?v=BqZlmQWersU&t=12s Scottish residential research director, Faisal Choudhry, said: "We believe there is [...]

By |2023-02-23T12:20:13+00:00September 19, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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House price growth at its slowest in nearly seven years

Bridging Finance News:-UK house prices grew by under 1 per cent in the year to July 2019 - their slowest rate since September 2012, according to the latest HM Land Registry figures. The average UK house price now stands at £232,710, an increase of 0.7 percent compared with July 2018 and an increase of 0.5 percent on the previous month. https://www.youtube.com/watch?v=WpnLZeEwEJA Wales showed the strongest house price growth of 4.2 percent with the average house priced at £165,303. Scotland also [...]

By |2021-11-13T10:55:23+00:00September 18, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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House prices show surprise September dip

Houses coming onto the market this month are dropping in price by an average of £730, according to the UK's largest property website, Rightmove.co.uk. The 0.2 percent fall is the first drop for this time of the year since 2010 and the number of sales agreed has dropped to 5.5 percent in contrast to a 6.1 percent rise in sales a month ago. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s Rightmove said the number of properties coming on to the market was down by 7.8 percent [...]

By |2021-11-13T10:55:30+00:00September 16, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Nearly £2m pledged to combat rogue developments on the green belt

Commercial Loans News:-Housing minister, Esther McVey, has earmarked nearly £2m for local authorities to crack down on illegal developments on green belt land. The funds will enable councils to use technology, hire enforcement officers and help meet the legal costs of bringing rogue developers to book. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s Speaking at the RESI conference in Newport, Ms McVey said the money would be given to areas with the highest proportion of green belt land. "Once the green belt is built on it's [...]

By |2024-06-27T03:05:51+00:00September 13, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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First-time buyer interest still in positive territory

Bridging Finance News:- New buyer enquiries for August showed a slight rise following a couple of months' modest increases, according to the latest RICS' residential market survey. The Royal Institution of Chartered Surveyors', RICS, questionnaire of members working in residential sales and lettings showed a net balance of plus 3 percent for first-time buyer interest in August. Newly agreed sales, however, inched slightly further into negative territory of minus 8 percent compared with minus 6 percent previously. RICS chief economist [...]

By |2021-11-13T10:50:37+00:00September 12, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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London backs trade union construction charter

Development Loans News:-The Mayor of London, Sadiq Khan, has said all major developments under council control should comply with Unite's construction charter. The charter outlaws poor construction practices as well as protecting workers' employment rights and complying with health and safety standards. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s Deputy mayor for housing and residential development, James Murray, said: "The charter means workers and residents can be confident that projects we are involved with will follow best practice on conditions and pay for construction workers, and [...]

By |2021-11-13T10:50:46+00:00September 11, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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New building orders in the doldrums for Q2

Bridging Finance News:-New construction orders fell by 13.3 percent in the second quarter of 2019, according to Office for National Statistics' data. This reversed the first quarter's 10.4 percent increase and the ONS said this was driven by a 17 percent decline in all other work apart from infrastructure. All sectors apart from infrastructure experienced a decrease in comparison with the first quarter of 2019. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s The decline in new work was due to a fall in public other work [...]

By |2021-11-13T10:50:54+00:00September 10, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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