UK property market surges but warnings of Budget’s impact linger Property Transactions in the UK residential property hit over 100,000 in October but expects warn the full impact of the Budget has yet to be filtered in
Alan Sugar’s property empire returns to profit after huge loss Property The Apprentice star Lord Alan Sugar’s property empire returned to the black during its latest financial year after recovering from a huge loss, it has been revealed. Amshold, the company which Lord Sugar holds his property investments, achieved a pre-tax profit of £932,000 for the 12 months to 30 June, 2024. The latest figure, revealed in [...]
Plans worth £200m revealed by Imperial College London and Bruntwood SciTech Property Imperial College London is to build a life sciences and deep tech development worth over £200m in the west of the capital after partnering with Bruntwood SciTech. The university has earmarked land at its White City Deep Tech Campus after signing an agreement with the joint venture between property group Bruntwood, Legal & General and [...]
Rightmove predicts positive property market in 2025 November 8, 2024 Rightmove has said it sees a “positive outlook” for the property market next year as it updated its forecasts for the whole of 2024. The FTSE 100 company has upped its 2024 revenue guidance to around £390m, reflecting seven to nine per cent growth and in line with previous market expectations. Rightmove now expects average [...]
Purplebricks boss who rescued online estate agency for £1 to step down November 7, 2024 The chief executive of Purplebricks is to step down as the online estate agency undergoes a major restructure. Sam Mitchell has been the CEO of Strike since January 2018 and took over the same role at Purplebricks in June 2023 after the company was acquired for just £1 after falling into financial difficulties. Mitchell has [...]
London house prices gloom revealed but owners set for £84,000 boost November 6, 2024 The average home in Britain will be £84,000 more valuable in five years’ time, according to a new forecast, but London house prices will grow slower than anywhere else in the UK. Real estate giant Savills has said it expects the typical property value to reach £442,000 by the end of the period to 2029, [...]
Housing market continues to strengthen as mortgage rates fall October 29, 2024 New figures from the Bank of England showed that 65,600 new mortgages were approved in September, the highest figure since August 2022.
First-time buyers could see huge tax hit under rumored Budget change October 28, 2024 First-time buyers could see huge tax hit under changes rumored to be included in the Autumn budget. It has been rumoured that Chancellor of the Exchequer Rachel Reeves will rule out any changes to stamp duty land tax in the Budget. Stamp duty land tax currently applies to homes costing over £250,000, but in March [...]
House prices rising slowly but 2024 still a ‘bumper year’ October 28, 2024 2024 is set to be a “bumper year” for house sales thanks to rising real incomes and lower mortgage rates, according to Zoopla’s latest house price index. The level of new sales has increased to its highest level since late 2020, the survey showed. There are 306,000 homes currently working through the buying process, 26 [...]
Avison Young loses over £100m as it cuts more than 200 jobs October 28, 2024 The UK arm of global commercial real estate services firm Avison Young shed over 200 jobs as its pre-tax loss almost doubled to more than £100m during 2023, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2023, having previously posted a loss of £55.6m in 2022. Newly-filed accounts [...]