Land News

Tuesday, July 22nd, 2014

Foreign buyers of property in London see profits of up to 39% in 12 months

Research by Knight Frank finds a strengthening pound and weak foreign currencies made prime London property a win-win bet Wealthy Russians who bought properties in London’s richest neighbourhoods last spring have seen the value of their holdings increase by more than a third, as a result of contrasting fortunes between the two countries, according to read more


Thursday, June 5th, 2014

House prices rise £7,000 in a month in largest leap for a decade

    Property prices see their biggest month-on-month rise since 2002 after jumping 3.9 per cent in May, according to Halifax House prices leapt by nearly £220 every day in May, marking the biggest month-on-month rise over a decade, Halifax reported. The average UK property value went up by 3.9 per cent last month to read more


Tuesday, May 20th, 2014

UK needs to double number of new homes to 300,000 a year: Vince Cable

Business secretary says some will have to be built on green belt if dangerous levels of house price inflation are to be avoided. Britain needs to build 300,000 houses a year, more than double the current number and including some on green belt land, or risk pushing house price inflation up to dangerous levels, the read more


Wednesday, April 30th, 2014

Help to Buy assists 20,000 in its first year as house prices dip for March

Housing minister says Help to Buy uptake is ‘clear evidence’ government’s long-term economic plans are working. Almost 20,000 homebuyers bought new-build properties worth a total of £4bn assisted in the first year of the government’s Help to Buy scheme, figures showed on Wednesday, as the latest Land Registry data showed a dip in house prices in March. In read more


Sunday, March 9th, 2014

Foreign investment boom for London property market

As house prices in London continue to rise, many young Londoners are finding themselves struggling to get on the housing ladder. Inside Out has been to Hong Kong to meet the cash-rich consumers who view property in the capital as a safe investment, and the local first-time-buyers they are competing with.  Estate agent Savills estimates read more


Monday, January 27th, 2014

Sell expensive council houses, ministers urge local authorities

Local authorities will be pressured to sell off expensive council houses under a new Government scheme. Ministers have indicated that they want Britain’s most valuable council houses to be sold off so the funds can be used to build multiple affordable homes. Councils attempting to secure grants from a new multi-billion pound housing fund will read more


Tuesday, September 24th, 2013

Labour to announce plans for 200,000 homes a year by 2020

Labour is seeking to tackle what it calls the UK’s housing crisis by building 200,000 homes a year by 2020. Leader Ed Miliband will say building levels have fallen to their lowest level for almost 100 years. He is set to announce plans to free-up councils from planning regulations, penalise developers who hoard land and read more


Monday, September 23rd, 2013

Housing Planning Permissions Up 49%

But developers warn increasingly onerous planning conditions are preventing building work starting on sites Figures released today in HBF’s latest Housing Pipeline report reveal a 49% year-on-year increase in the number of planning approvals for new homes in England in the second quarter of 2013. Whilst a fall on Q1, the figure still means there were 77,686 permissions read more


Tuesday, September 3rd, 2013

‘New village’ planned on farmland in Worcester

A new village featuring hundreds of homes could be built on farmland to the west of Worcester, under fresh plans. Malvern Hills District Council is considering an application to build the 800 properties near Dines Green. The plans, affecting 60 acres of land in Lower Broadheath, include a new primary school, health centre, restaurants, pubs read more


Friday, August 23rd, 2013

Price of farmland trebles in decade and ‘set for £10k an acre’

The price of UK farmland has trebled in less than a decade to hit a record high, according to a new survey, as researchers predicted the average price of an acre could soon hit £10,000. Interest from farmers and investors buying to rent land to farmers pushed the cost of farmland to £7,440 an acre across read more


Thursday, August 22nd, 2013

Cineworld to Open at Whiteley as Consent for £15.5m Second Phase Secured

  British Land and Universities Superannuation Scheme (USS) are pleased to announce that Cineworld is to open a nine-screen cinema as part of the £15.5 million second phase of its Whiteley development in Hampshire. The 60,000 sq ft complex has been granted planning permission by Winchester City Council and includes 30,000 sq ft of space read more


Tuesday, July 2nd, 2013

UK construction sector grows for second consecutive month

The UK’s construction sector grew for a second month in June, boosted by a rise in house building and supporting expectations that economic growth accelerated in the second quarter. Growth in output and new orders pushed the Markit/CIPS construction purchasing managers’ index (PMI) to 51 from 50.8 in May, where anything above 50 indicates expansion. read more


Thursday, June 27th, 2013

HCA welcomes investment in future of affordable housing

The Homes and Communities Agency, the national housing, land and regeneration agency, has today welcomed government’s spending plans as a strong settlement for the sector. The plans, announced by The Chief Secretary to the Treasury Danny Alexander today and published in Investing in Britain’s Future, set out more detail on how £3.3bn of investment will deliver read more


Monday, May 20th, 2013

British Land and USS Welcome Independent Traders and Dedicated Pop-up to Whiteley

British Land and Universities Superannuation Scheme (USS) have announced that a number of independent, local retailers will trade alongside some of the best retailers in the UK including fashion brands Topshop, H&M, River Island and Next at its Whiteley retail scheme. The 320,000 sq ft retail and leisure destination, which opens on 23 May, incorporates read more


Monday, April 29th, 2013

Whiteley over 90 per cent let

Fat Face, Tiger, The Body Shop and Jones Bootmaker are among a host of retailers to sign at Whiteley, the joint venture retail and leisure development by British Land and Universities Superannuation Scheme (USS), which opens in just under four weeks. The 320,000 sq ft Hampshire development, one of only three UK shopping and leisure read more


Friday, April 19th, 2013

How housebuilding helped the economy recover: Britain in the 1930s

New development created a third of the increase in GDP between 1932 and 1934. Could we repeat the experience today? In the early 1930s Britain recovered impressively from a double-dip recession which ended in 1932. In every year from 1933 to 1936, before rearmament could have made any difference, growth exceeded 4% per year. Growth read more


Friday, April 12th, 2013

4,000 Attend Whiteley Shopping Centre Recruitment Day

Almost 4,000 people attended a recruitment day last week to find out more about over 1,000 jobs on offer at the new Whiteley Shopping Centre in Hampshire which opens next month. The scheme, a joint venture development by British Land and Universities Superannuation Scheme (USS), is one of only two shopping centres in the UK read more


Wednesday, March 20th, 2013

Budget 2013: Housebuilders’ shares soar as Osborne promises billions

The “Help to Buy” scheme, which follows in the footsteps of Margaret Thatcher’s “Right to Buy” programme, was lauded by builders which said the Chancellor had “turbo-charged” existing initiatives to stimulate the housing market. The Government is proposing to provide enough guarantees to support £130bn of mortgages for families struggling to raise a deposit, and read more


Monday, March 4th, 2013

UK construction output falls for fourth month

Output in the UK construction sector fell again in February, a survey indicates, as the sector suffered its worst month since October 2009. The Markit/CIPS construction purchasing managers’ index fell to 46.8, compared with 48.7 in the previous two months. A score under 50 indicates contraction. The last time the index was in positive territory read more


Wednesday, January 23rd, 2013

British government boosts office-to-homes switches

(Reuters) – The British government will make it easier for developers to convert offices into apartments, the latest in a string of initiatives to kick-start economic growth through housing. Planning minister Nick Boles is due to announce the changes to the planning system this week to help to meet the country’s huge demand for housing read more


Wednesday, January 16th, 2013

Expand villages by a third and allow extensions without planning permission ‘to solve homes crisis’

Villages should be expanded by a third to solve Britain’s housing crisis, a group of Tory modernisers will recommend today. A new group backed by Cabinet Office Minister Francis Maude and Planning Minister Nick Boles also proposes that homeowners should be given the right to build a one storey extension to their home without planning read more


Monday, January 7th, 2013

Mortgage funds to rise significantly, Bank of England say.

The supply of mortgage funds will be increased “significantly” by the Funding for Lending Scheme (FLS), says the Bank of England. A survey of lenders by the Bank reports that lending picked up in the last three months of 2012, and will continue to do so in the coming months. Separately, the Nationwide building society read more


Friday, January 4th, 2013

UK construction hits a six-month low

British construction hit a six-month low as the downturn in the sector deepened as a result of a “sharp and accelerated” drop in new orders. Weak underlying demand caused the PMI index to show the fastest rate of contraction since June 2012, dropping to 48.7 in December from 49.3 in November. Poor weather was also read more


Saturday, December 29th, 2012

Coalition ‘could preside over lowest level of house building since 1920s’

Policy Exchange thinktank says 270,000 fewer new homes are being planned after abolition of regional targets in 2010. Local authorities in England have cut by 270,000 the number of new homes planned following the government’s abolition of regional planning targets in 2010, the Policy Exchange has claimed. In a report the centre-right thinktank says that getting rid of read more


Friday, December 21st, 2012

Drop plans to allow home extensions without planning permission, MPs tell Cameron

Prime Minister David Cameron should ditch plans to make it easier for householders and businesses to build extensions, MPs say. The Communities and Local Government Committee found “little or no evidence”” that the Government had possible detrimental impacts on neighbourhoods of allowing people to build extensions of up to 25 feet without planning permission. They read more


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