Home repossessions rise as higher interest rates bite borrowers February 10, 2025 The number of homeowners with mortgages facing repossession rose in the fourth quarter of 2024 as buyers struggled with higher interest rates. UK Finance figures show that repossessions rose 12 per cent in the last three months of 2024 compared to the previous year and were up 54 per cent yearly. Overall, 1,030 residential houses [...]
Government ‘grey belt’ reform is ‘somewhat rushed and incoherent’ February 5, 2025 In a letter to Angela Rayner, Lord Daniel Moylan, chair of the Built Environment Committee, raised a number of concerns with the government's so-called 'grey belt' policy.
‘Prohibitive building costs’ stunting UK growth projects – Deloitte February 4, 2025 “Prohibitive costs” involved in construction projects in major UK cities led to a sharp decline in the number of new developments breaking ground in 2024, according to a new report from Deloitte. Deloitte’s latest Regional Crane Surveys, which covers the central areas of Belfast, Birmingham, Leeds and Manchester, has revealed the number of new starts [...]
EY to relocate 1,200 employees to new city office February 3, 2025 Professional services giant EY has revealed plans to relocate 1,200 employees in Birmingham to a new office. The move, scheduled for 2026, will see staff switch from One Colmore Square to Three Chamberlain Square, which is part of the Paradise Birmingham development. EY has been based at its office at One Colmore Square for the [...]
Lloyds Banking Group unveils £200m plan for head office January 27, 2025 Lloyds Banking Group has unveiled £200m plans to transform the headquarters of Scottish Widows to become the giant’s main base in Scotland. The Port Hamilton building on Morrison Street, Edinburgh, is to be designed in partnership with Drum Property Group. Lloyds Banking Group employs around 10,000 people in the Scottish capital. Located in the city’s [...]
Andy Burnham wants Manchester to add an extra £13bn a year to the UK economy – this is how January 24, 2025 A decade-long plan to increase Greater Manchester’s contribution to the UK economy by £13bn a year has been unveiled by the region’s mayor, Andy Burnham. The proposal, which has been made public today, would see the “whole Greater Manchester system mobilised” to deliver £1bn of investment every year between now and 2035. Burnham has also [...]
Major lifeline for Wembley Park developer after huge losses January 23, 2025 The developer behind London’s Wembley Park transformation has secured a huge funding boost just months after losses of more than £700m were revealed. Quintain has completed the refinancing of London Designer Outlet and build-to-rent development Ferrum at the site with a £233.6m loan from Bank of America. The deal comes after City PM reported in [...]
Keep David Lynch in your life with these Lynchian furnishings January 22, 2025 This week David Lynch, one of the world’s greatest filmmakers, died at the age of 78. While best known for movies including Blue Velvet, Lost Highway and Mulholland Drive, as well as seminal TV show Twin Peaks, Lynch’s influence extended further, including furniture design and even kitting out an entire nightclub (Silencio in Paris). Lynch’s [...]
London terrace conversion brings colour and fun to Victorian flat January 22, 2025 The Hot Property team love nothing more than a London conversion that takes the awkward spaces of a period flat and turns them into something modern and fun. This conversion of a first floor Victorian terrace located within the Cobourg Conservation Area next to Burgess Park in Southwark, manages to accentuate the period details of [...]
London house prices rise by just £600 as worst borough revealed January 14, 2025 The London borough where more houses fell in value than almost any other area in the UK in 2024 has been revealed. According to new data released by Zoopla, the value of 72 per cent of houses in Kensington and Chelsea fell by at least one per cent last year. A total of 73,200 homes [...]
