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London’s green belt needs to be overhauled for the capital to hit new homes target

Bridging Finance News:- A strategic review of London's green belt is needed if the capital is to hit its target of building 66,000 new homes a year, argues the inspectorate report. The report claims that the capital's small sites development target, which was to have delivered 38 percent of London's new homes, is unrealistic. https://www.youtube.com/watch?v=vK9_6vD5tuA "The evidence simply does not justify the reliance placed by the Mayor on small sites to fill the gap. To accept the targets attributed to [...]

By |2021-11-13T10:57:22+00:00October 23, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Edinburgh bucks national trend with 3.4 per cent house price increase

House prices in Edinburgh showed a 3.4 percent year-on-year rise for the third quarter, July to September, according to the latest Knight Frank index. The estate agent said the figures were in contrast with those across the UK where average house prices have fallen by 1.7 percent. https://www.youtube.com/watch?v=gZkYeRN7z9k Although house price growth in Edinburgh was down from 10.5 percent annual growth at this point last year, said Knight Frank. Knight Frank associate, Oliver Knight, said: "Political rhetoric has ramped up [...]

By |2021-11-13T10:53:34+00:00October 8, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Number of house sales fall in June by more than 25 per cent

Bridging Finance News:- UK residential house sales showed a 25.1 per cent year-on-year drop for June 2019, according to the HMRC's non-seasonally adjusted figures. The seasonally adjusted UK property transaction count was 84,490 for residential sales in June. The seasonally adjusted count of residential property transactions decreased by 9.6 per cent between May 2019 and June 2019, and was 16.5 per cent lower than June 2018. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s Bridging Finance by HZA Brokers Hank Zarihs Associates said current uncertainty about whether [...]

By |2021-11-13T10:48:36+00:00July 23, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Fewer houses on the market to buy, says RICS

Development Finance News:-New instructions have continued to drop with the poorest reading since June 2016, according to the Royal Institution of Chartered Surveyors', RICS, residential study for April. The professional body attributes the slump to Brexit uncertainty and points out the national house price net balance was unchanged in April at minus 23 per cent. This contrasts with the Halifax house price index released earlier this week showing a 5 per cent rise in the value of property sales. RICS [...]

By |2021-11-13T10:36:21+00:00May 9, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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