Subterms
Housing secretary, Robert Jenrick, has announced the government’s plan to cut the cost of some new homes for first-time buyers by a third. The average price of a new home in England is £314,000 and the first home First Homes scheme would help take 30% off this price—about a £94,000 savings. The scheme will work […] More
Eight Leinster counties record increases of at least 5% in the number of residential sales compared with 2018 Number of sales falls by 2.2% in Dublin but rises by 5.9% in Cork Wicklow sees biggest jump in number of sales (up 21.5%) Number of national residential sales stays flat (up 1.6%) A new study based […] More
The proportion of homes sold about the list price fell to a three-year low of 19.9% in 2019, suggesting last year was a less competitive one for buyers. The coolest top-35 markets were Miami (8.9% of homes sold above asking), Las Vegas (12.6%) and Tampa (13.3%). Las Vegas fell from 26.8% a year ago, which […] More
The site is close to its existing Crusader Mill and Phoenix developments in the Piccadilly East neighbourhood. TfGM originally bought the site for its Metrolink line, but the cleared site has been derelict for a number of years. Capital & Centric’s plans for it include apartments and amenity spaces, such as co-working space and a […] More
BBS Capital previously advised the other two parties on the £150m Nightingale Quarter scheme, but has now formalised its place in the joint venture. BBS Capital co-founder Nick Spencer said the group was actively seeking further residential sites in major cities, particularly in the Midlands. The Derby development will comprise 349 apartments and 125 townhouses […] More
Wise Living, the build-to-rent (BTR) arm of property services firm SDL Group, plans to build more than 10,000 homes by 2025, it announced today. Its plans are backed by recently-launched partnerships with investors Triple Point and ICG Longbow, as well as developers Keon Homes and Lovell Homes. The company will look to secure more long-term […] More
London-based BrickVest allows both institutional and private investors to invest in real estate deals from various vetted “sponsors”. It will retain its independence as part of the deal, Patrizia chief executive Wolfgang Egger said. Patrizia did not disclose the financial terms of the deal. The platform had the potential to “become the go-to global and […] More
The joint venture between Skanska and Ikea, which launched in the UK last year, has bought sites in Worthing, Bristol and Peacehaven for its first three schemes. Subject to planning permission, the developments will provide a combined 400 homes. The majority of the homes will be for market sale however a portion will be sold […] More
