Rise in demand for prime London spots, reports Knight Frank

Development Funding News:- The number of exchanges for residential properties above £2m rose by 1 per cent in the year to April compared to the previous 12-month period, according to Knight Frank sales data. The estate agent said in central London neighbourhoods exchanges had risen by 7 per cent in the year to April, while the increase in north London was 17 percent. Viewings had increased for properties valued over £2m, where there were 3 per cent more viewings in [...]

By |2021-11-13T10:43:45+00:00June 3, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Garden community of up to 20,000 homes in Exeter area gets Government backing

Development Funding News:- Ambitious plans to build a swathe of new housing across Exeter and the surrounding area by 2040 has won Government support. The housing minister, Kit Malthouse, announced the new garden community would provide homes for families in vibrant new communities as part of a deal for the South West. "We are making an urgent push to build more, better, faster, and it is good to see the authorities working together to plan 20,000 much-needed properties built in [...]

By |2021-11-13T10:40:55+00:00May 16, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Japanese prefab giant breaks into UK house-building market

UK House Market News:- Japan's biggest house builder and prefab pioneer, Sekisui House, has struck a £90m deal with developer Urban Splash and government agency Homes England. Real estate and financial advisor JLL facilitated the deal which includes a £55m investment into Urban Splash's modular 'House' concept. Sekisui House president and representative director Yoshihiro Nakai, said he was pleased to be establishing operations in the UK. "Using modern methods of construction to build high-quality homes with short build times is [...]

By |2021-11-13T10:41:02+00:00May 14, 2019|Blog, Finance News, Planning News, Projects|0 Comments

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

Land investment reaches record levels

Property Development Funding News:- House builders are continuing to buy land with 370,000 planning permissions granted last year - more than double the number approved a decade ago. The figure is the second highest annual total on record according to the House Builders Federation and Glenigan's latest housing pipeline report. HBF said the numbers reflected the sector's commitment to increase housing delivery despite the fact permissions can still take months or years to realise. Glenigan’s economics director, Allan Wilen, said: [...]

By |2021-11-13T10:37:30+00:00May 2, 2019|Blog, Finance News, Planning News, Projects|0 Comments

First time buyer mortgages stimulated by minimal house price growth

UK house prices' modest 0.9 per cent year-on-year increase for April has helped first-time buyers, according to the Nationwide Building Society. The lender's monthly index showed a 0.4 per cent rise in prices in April compared with the previous month bringing the average house price in the UK to £214,920 compared with £213,102 in March. The building society's chief economist, Robert Gardner, said: "Indicators of housing market activity, such as the number of property transactions and the number of mortgages [...]

By |2021-11-13T10:37:37+00:00May 2, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Lending volumes on commercial property for 2018 rose significantly

Construction Loans News:- New commercial property lending reached £49.6bn in 2018 - a 12 per cent rise despite property deal volumes dropping by 13 per cent, according to the findings of a new report. The Cass Business School UK Commercial Real Estate Lending Report showed new development finance hit £8.8bn with residential development accounting for the largest slice at £5.2bn. However, this was £1bn less for new residential development finance than in 2017. Lenders also mentioned that developments of private [...]

By |2021-11-13T10:37:45+00:00May 1, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Rising labour and materials costs hit house builders

Construction Loans News:- Construction costs showed a 4.3 per cent year-on-year increase for the last quarter of 2018, according to the latest figures from The Royal Institution of Chartered Surveyors, RICS. The organisation's private house construction price index said the quarter had shown a 1.4 per cent increase on the previous one. RICS added building output had been growing steadily since 2013 and that prices were up 8.6 per cent in the year to the third quarter of 2018. An [...]

By |2021-11-13T10:37:59+00:00April 30, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Hilltop Credit Aims to Lend More than £125M in its First Year

Property Development Funding:- A new lender offering finance for small to mid-sized residential property developers has entered the market. Hilltop Credit Partners plans to lend more than £125m over the next 12 months to developers who have a proven track record but need greater access to capital. Global real estate investment firm Round Hill Capital is backing Hilltop, which already has experience in property development, asset management and financial structuring in the UK and Europe. Hilltop Credit Partners founder and chief [...]

By |2021-11-13T10:34:32+00:00April 9, 2019|Blog, Finance News, Planning News, Projects|0 Comments

FORMER INVENSYS SITE, CAKEMORE ROAD – 209 HOUSES Project Started

Bridging Loans News:- At Excelsior Industrial Estate, Cakemore Road, Rowley Regis, West Midlands, B65 0QX the construction of FORMER INVENSYS SITE, CAKEMORE ROAD - 209 HOUSES is about to start. The details are approved and all the reserved matters of this project work are granted. The planning ref no is P17/1391. As of now, the estimated value stands at £28 M. The construction of houses and employment space with associated access, landscaping, footbridge and play area started in January 2019. [...]

By |2021-11-13T10:28:20+00:00March 18, 2019|Blog, Finance News, Planning News, Projects|0 Comments

The Building of HARLOW PRIORITY ESTATES – is About to Start

Commercial Property Loan News:- At The Briars, Aylets Field, Copshall Close, Harlow, Essex, CM18 7DG the construction of HARLOW PRIORITY ESTATES - THE BRIARS, COPSHALL CLOSE AND AYLETS FIELD is about to start. The detailed planning approved [(TP ref HW/PL/15/00229)-OJEU Ref 2015/S 109197564]. As of now, the estimated finance value stands at £54M. The total duration of the construction period will roughly extend to 60 months. With an entire site area of 5.696 Ha, the construction will be on a [...]

By |2021-11-13T10:28:32+00:00March 16, 2019|Blog, Finance News, Planning News, Projects, Uncategorized|0 Comments

West Midlands Set to Have 215,000 New Homes Soon

Development Finance News:- Chancellor Philip Hammond announced a deal has been struck for 215,000 new homes in the West Midlands over the next decade. He made the announcement in his spring statement saying a £100m land remediation fund grant would help finance the new housing. "We are working currently with 44 authorities who have bid into the £4.1 billion housing infrastructure fund, to unlock homes in areas of high demand. "We are concluding housing deals with ambitious authorities who have [...]

By |2024-06-27T02:33:30+00:00March 15, 2019|Blog, Finance News, Planning News, Projects|0 Comments