Format: News
“Use By” date mooted for land banks; 23% of planning permissions are on hold or shelved
Nick Boles has laid out plans to set a time limit on planning permissions to put a stop to developers building up "land banks" of undeveloped schemes.
Royal Brompton Rejig: Architects appointed to draw up plans and “tempt developers”
Paul Davis & Partners has bagged the brief to draw up plans for the epic swathe of Chelsea soon to be offloaded by the Royal Brompton and Harefield NHS Trust.
Price Cuts Cut: Volume and level of asking price reductions drop
The number of properties with reduced asking prices has fallen "significantly" over the last couple of years, says Zoopla, from 40% in November 2011 to 31% this month.
Out With the New (World): Global ultra-prime property market slowing
The top-top end of the world's resi property market is calming down, growing more slowly in "new world" destinations as the "old world" takes the mantle for market growth on the back of perceived safe…
New Head of Design for Morpheus
Developer Morpheus has seriously bolstered its design offering with the appointment of former Candy & Candy project manager Charu Gandhi.
Green light for St Giles Circus
Seventeen years after shelling out £20m for it, developer Laurence Kirschel has finally been given permission to transform his acre of the West End.
“Risk of over supply” of London prime property – Savills
There's a "risk of over supply" of new prime property in London, despite the need for 50,000 new homes in the capital's lower-end market, says Savills.
Global luxury property prices stall
It's time to go macro for a bit. Knight Frank has taken its quarterly check-up of 27 prime markets around the globe and reckons price growth has started to stall.
Here's the key findings:
Autumn Statement date set for 5th December
We all know that Christmas gets earlier every year, but that Autumn happens in December is news to us;
Forecast Watch 2014: PCL +3.5%; UK +4.4% – Strutt & Parker
Next year's looking alright for the prime property market, thinks Strutt & Parker, but then it all goes a bit sorry. This year's +6% price performance in PCL will be followed by a 3.
Transaction levels hit 5 year high as supply and demand diverge
Resi transactions "saw a big jump" last month, according to the RICS, with the average Chartered Surveyor selling an average of 20.
£10m for the perfect Devon village?
...UPDATE (22nd May 2014): Looks like the asking price is going to be in the £11-11.5m range...