UK News

 

Almost half a million Brits are now property millionaires

Almost half a million Brits are now property millionaires

According to property website Zoopla, 484,081 flats and houses in Britain are now worth over a million pounds, a rise of more than 50% on last year’s figure of 300,142. Additionally there are around 10,000 streets in the UK where the average property costs over a million pounds, 3,744 of which are in London.
Spurs top Nationwide’s house price Premier League

Spurs top Nationwide’s house price Premier League

London Borough of Haringey, where White Hart Lane is located enjoys fastest rise in house prices of any location in football’s Premier League. The 32% rise in prices in Haringey over the past year means the average house in the borough now costs £513,435. In joint second place were Chelsea and Queens Park Rangers, which both lie in the London Borough of Hammersmith and Fulham.
UK student housing investment rises 20%

UK student housing investment rises 20%

Investment in UK student housing rises to £1.13 billion in the first half of 2014, up 20% on the same period the previous year according to CBRE. The firm adds that £2.1 billion was invested in UK university accommodation in 2013. This represents the second consecutive year in which investment has been over £2 billion and the figures for the first half of this year suggest the £2 billion mark..
UK student housing transactions rose 155% in Q1 2014

UK student housing transactions rose 155% in Q1 2014

Figures released by JLL show transactional investment in UK student accommodation more than doubled in year to March 2014. The leading investment management company found that there were £415 million in total transactions in Q1 2014.
Boris Johnson unveils East London ‘floating village’ plans, faces opposition from Newham Council

Boris Johnson unveils East London ‘floating village’ plans, faces opposition from Newham Council

London mayor Boris Johnson revealed last week that he had selected an Anglo-Dutch consortium Carillion Igloo Genesis to develop on the Royal Victoria Dock, but faces local council opposition.
London Gherkin up for sale, could fetch £650 million

London Gherkin up for sale, could fetch £650 million

London Gherkin could fetch £650 million. Savills and Deloitte Real Estate were appointed as the iconic building’s receivers back in April and are expecting interest from far and wide.

London Olympic areas enjoy rapid house price growth

Over the past two years, property price rises in the 14 postal districts closest to the London’s Olympic Park have outstripped both those of London and England and Wales as a whole. From March 2012 to March this year, the average house price in these districts rose 23%, from £272,750 to £334,123. This compares with […]
Strong property price growth in Dublin due to supply shortage

Strong property price growth in Dublin due to supply shortage

Prices in the Irish capital increase by 12.5% in the year to June. This represents a substantial increase on the 1.2% rise in values in the year to June 2013. When looking at residential property prices, the increase in the year to June 2014 is even more impressive, at 23.9%. However, the main reason for […]
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First French foray for British student accommodation provider

First French foray for British student accommodation provider

UK-based fund Victus announced that it has bought two buildings in the small city of Chambery, its first purchase on French territory.
£5 billion invested in UK student housing over past 2 years

£5 billion invested in UK student housing over past 2 years

In its 2014 report, Spotlight: UK Student Housing, leading estate agency Savills has revealed that £5 billion has been invested in student housing over the past 2 years, with a further £2.5 billion worth of transactions to follow this year.

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