Format: News
“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;
Resi construction credit crunch “far from over” as lending shrinks 10% in five months
Lending for residential property construction has dropped by 42% over the last three years, and by 10% since Help to Buy launched in April, according to law firm EMW.
Land Reg trials ownership data on a map
The Land Registry is trialling a mapping interface for its data with Landmark Information Group.
Octopus buys Dragonfly
Jonathan Samuel's short-term lending business Dragonfly Property Finance has been bought-up by Octopus Capital Ltd, the holding company of Octopus Investments Ltd, for an undisclosed amount.
London councils challenge office-to-resi rights
Camden, Islington, Lambeth and Richmond councils are limbering up for a High Court challenge to permitted development rights that allow the conversion of office space to residential use.
Countrywide Chairman steps down
Chairman of Countrywide plc, the UK's biggest property services group, has announced he'll be stepping down with immediate effect.
Resi sales sector “taking no notice of the approaching holiday season” – Cluttons
Over a third of tenants actively looking to buy a home are doing so because they are anxious to pre-empt further price rises, says Cluttons in its latest tome.
Artists and architects draw London for construction aid charity
Bill Hanway - Nicholas Hawksmoor’s Christ Church
Elizabeth House decision called in for review
Air-punching from English Heritage and UNESCO; not so much from London & Regional Properties and Chelsfield.
Resi development land values post another rise as developers look beyond “oven-ready” sites – Knight Frank
Resi development land values across the UK (excluding London) recorded another three months of "convincing" growth between July and September, according to Knight Frank's latest findings.