House prices across the UK’s largest cities jumped by the highest quarterly level in 11 years as demand for housing continued to outstrip supply, according to property analyst Hometrack. The report said house prices across the country’s major cities lifted 4.3pc in the three months to July, the highest quarterly growth since 2004. It also
Berkeley Group developer St James has secured a resolution to grant planning permission from the London Borough of Hammersmith & Fulham for its vast 1,465-home White City scheme in West London. The 10-acre Marks & Spencer warehouse site will be transformed into a residential neighbourhood set in a new 4 acre public park known as White City Green. This open space will
No figure has been announced yet, but a statement from Wates Group asserts that the contractor would also acquire a “significant number” of contracts from Shepherd’s construction business. Wates has stated that the deal would “create a UK leader in the construction and property services sector”. Andrew Davies, chief executive of Wates Group, said: “The
DTZ, a rapidly growing commercial-real-estate-services firm backed by private-equity giant TPG, has cut a deal to buy Cushman & Wakefield Inc. for $2 bi The deal will alter the global commercial-real-estate-services landscape by creating a clear challenger to the two firms that have been dominating the business until now, CBRE Group Inc. and JLL. Numerous
While many will argue that it’s the profusion of top-ranked universities, unique heritage and rich culture that sets London apart from other world cities, when it comes to Asian investors and their interest in the property industry, it is all about the numbers. Asians are typically financially rather than emotionally driven when it comes to
The South Downs, boasting steep, wooded hills and countryside that inspired the novelist Jane Austen, has been named as the most expensive National Park in which to buy a home. Over the last year, the area has toppled the New Forest to become the National Park with the highest average property price, according to research
UK house prices will end the year 9.5% higher than they started it, but the strength of increases this year means that in London the market could flatline in 2016, property firm Savills said on Tuesday, as it revised its forecasts for the next five years. The firm had predicted a 6.5% increase in prices
Demand for UK rental property has soared over the past twelve months, with seven tenants now chasing every new property on the market, according to a report. The surge has pushed up rents across Britain, according to Sequence, which analysed the prices of hundreds of lettings from estate agents including Barnard Marcus and William H
The borough of Copeland in north-west England is the last “affordable” area left in England, where the average house price is less than three times the average annual salary. According to a study by the Trade Union Congress, one in five local authorities were deemed “easily affordable” in 1997 with the cost of a home
The global consultancy world is set for a mega-merger after AECOM agreed to pay £2.3bn for rival URS Corporation. The deal will see the combined company employ 95,000 people across 150 countries. Michael S. Burke, AECOM president and chief executive officer, said: “This combination creates an industry leader with the ability to deliver more capabilities
