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Rental values hold across England
The cost of renting a home in London is almost three times that of the cheapest county in England, new figures from the Deposit Protection Service (DPS) reveal
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Funds raised for CSTT scheme
LandAid, the charity for the UK property sector, raised £5,300 for the Chartered Surveyors Training Trust (CSTT) this week
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‘Civic hub’ opens to acclaim
A £6.7m regeneration project opened today in Pollok, near Glasgow, has been shortlisted for a RIBA award* and a Best Regeneration Project award at the Scottish Design Awards 2009
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FSB calls for a 5% flat tax rate on UK home renovations
Small firms in the construction sector are calling for a lower VAT rate on home renovations while struggling against a backdrop of badly decreasing trade, according to a new survey by the Federation of Small Businesses (FSB)
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NI project starts strong, but set for dip
The value of underlying private housing starts in Northern Ireland has been strong over the last year, according to analysis from Glenigan, but is set to weaken as 2009 continues
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Seoul transformation
The centre of the South Korean capital, Seoul, is set to be transformed into an international business district, following the competition-winning designs by architect firm Studio Daniel Libeskind
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Crossrail gets on track
Crossrail, set to be the largest construction project in Europe, began last week as the Mayor of London Boris Johnson launched the first of nearly three hundred steel piles that will form the basis of a new station in London’s Docklands
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Repossessions up by 50%
12,800 UK homes were repossessed by lenders up to April this year, 50% more than in the first quarter of last year, reports the Council of Mortgage Lenders (CML) today
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Sustainable and secure
A £30m police station built in North Kent is leading the way in sustainable building for the UK police force
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Equal status for Green Infrastructure
Green Infrastructure (GI), the network of green spaces such as parks, forests and gardens that are found between settlements, must have the same priority as more conventional infrastructure
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UK house prices start to fall
House prices in the UK fell for the first time in more than a year
According to Land Registry data, the average residential property dropped 0.2% in value during May, sparking concerns of a second downturn in the housing market.
The South East and London gained 0.9% and 0.7% respectively, however, industrial areas such as North Tyneside and Sheffield suffered declines of up to 1.5%.
Howard Archer of IHS Global Insight said: “Housing market activity remains well below long-term norms despite edging up recently.
“The economic fundamentals of high unemployment, still falling full-time employment and low earnings growth are hardly ideal, a major fiscal squeeze is starting, credit conditions remain tight and house price-to-earnings ratios have moved back up.”
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