Building Finance News:- Annual house prices for the three months leading up to the end of February showed a year-on-year rise of 2.8 per cent, according to the Halifax House Price Index. The latest quarter revealed a 1.8 per cent rise compared with the previous three months and February saw a 5.9 per cent increase in prices compared to January. The new figures take the average price of a house in the UK to £236,888. Building Finance by HZA Halifax's [...]
PROPERTY DEVELOPMENT NEWS:- The redevelopment of the HURLINGHAM RETAIL PARK is being planned. The target is to provide retail, residential units and office with associated landscaping, parking and works. The address of the redevelopment site is Hurlingham Retail Park, 1-3 Carnwath Road, Fulham, and London, SW6 4SS. The tender has been approved and the estimated value of the site is currently £60M. It is being governed by the council of Hammersmith and the project is due to start by the [...]
Refurbishment Loans News:-The building of the HARLOW PRIORITY ESTATES – THE BRIARS, COPSHALL CLOSE AND AYLETS FIELD have been started at The Briars, Aylets Field, Copshall Close, Harlow, Essex, CM18 7DG. The main plan is to regenerate the building which will provide development to the 343 dwellings. This is being done due to the demolition of the bungalows with new community centre. Parking will be associated and infrastructure will be provided to access the estate roads. The detail planning is [...]
Building Finance News:- An extra 21,000 new homes are expected to be built over the next 12 years in Newcastle under new development plans for the North East. Lower, Middle and Upper Callerton, Kingston Park, Newbiggin Hall and Newcastle Great Park have been identified as key growth areas. In May the mayor for the new devolved authority of Newcastle, North Tyneside and Northumberland will be elected. The new council is set to bring an extra £600m of investment to the [...]
House building increased for the 13th month running but was the only sector in construction to show growth in February, according to the Purchasing Managers' Index. UK building companies said their business activity dropped in February ending a ten-month expansion. The decrease in construction work was led by reductions in commercial building and civil engineering activity. Residential Development Finance Tim Moore, economics associate director of IHS Markit, which compiles the index, said clients were delaying decision making on building projects. [...]
Property Development Finance:- Rolling up your shirt sleeves and learning a practical trade has the edge over going to university, according to the Federation of Master Builders, FMB. The Federation surveyed 2000 adults to find out their views on education to mark National Apprenticeship Week, March 4 to 8. Property Development Finance They found 25 per cent of respondents would rather their offspring signed up for an apprenticeship compared with 24 per cent in favour of studying for a degree. [...]
Bridging Loans News:-The construction of CHELSEA WATERFRONT- LOTS ROAD PLOT HS3, HARDWICK HOUSE-112 FLATS is being done at Former Power Station, Lots Road, Chelsea, and London, SW10 0QD. The main scheme is building 112 flats with associated parking and landscaping. The detail planning has been granted and the subcontract has been awarded. The price of the site is roughly £26M. Kensington and Chelsea council are looking after the construction. The project has started on May 2017 whereas the tender was [...]
Development Finance News:- Building trade bodies have called on the Government to prioritise migration of key construction workers once the UK leaves Europe. Bricklayers, carpenters, engineers, electricians, planners, plant operators, production managers, surveyors and structural engineers are among the 18 skilled roles in short supply. Build UK, the Federation of Master Builders, the National Federation of Builders and Chartered Institute of Building, CIOB, are some of the nine organisations asking for these roles to be added to a shortage occupation list. [...]
Residential Development Finance News:- Annual house prices increased by just 0.4 per cent for the year finishing at the end of February 2019, according to the Nationwide index. However, there was a slight 0.1 per cent dip in house prices for February with the average figure at £211,304 compared with £211,996 in January. Nationwide's chief economist, Robert Gardner said: "Measures of consumer confidence weakened around the turn of the year and surveyors reported a further fall in new buyer enquiries [...]
Commercial Property Finance News:- Speculative office developments would help address Bristol's chronic under-supply of grade A office space, says real estate advisors Savills. Office-based employment is forecast to grow by 7.5 per cent with 8,686 new white collar jobs over the next five years. Commercial Property Finance However, the city's office supply has rapidly decreased since 2010 and sits at just 450,000 sq ft of which less than 100,000 sq ft is grade A. Bristol city centre currently has a [...]
Construction Finance News:- Job losses, business failures and a sharp dip in building activity would happen if the UK leaves the EU without a deal, warn construction trade bodies. The sector's four leading organisations wrote an open letter to the Prime Minister, Theresa May, on Wednesday, February 27, spelling out the dangers of exiting with no agreement. Construction Finance "Leaving in an unplanned way could lead to a fall of at least 4 per cent this year and 2 per [...]
Development Funds News:- Barkin Developments Limited and Barratt Homes Manchester Limited have come together to redevelop the COLLEGE GARDENS – 140 HOUSES, located in Land off Sutton Way, Ellesmere Port, in Cheshire, CH65 8EJ. The redevelopment will provide houses consisting of two, three and four bedrooms. The reconstruction is going in an area of 3.4 Ha with 140 units of apartments consisting of 132 three bed, 6 two bed,and 2 four bedroom houses. There are 280 parking garages allotted. It [...]
