Helen Ozolins
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Countryside Properties to buy back some freeholds
Developer Countryside Properties has said it will buy back some of the freeholds it sold to E&J Estates, offering hope to homeowners who are subject to onerous ground rent clauses.
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Annual house price growth lowest in four years
A 2.1% on-year rise in house prices in the three months to July was the lowest since April 2013, figures from lender Halifax show.
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UK household wealth exceeds £10trn
Total household wealth exceeded £10trn in 2016 following a £892bn increase during the year, according to figures from Lloyds Bank.
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Higher food prices drive retail sales rise
Higher food prices were behind a 1.4% on-year rise in retail sales in July, figures from the British Retail Consortium and KPMG show.
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Zhonghong Zhuoye’s acquisition of Brookdale on hold over funding
The possible acquisition of US care facility operator Brookdale by China’s Zhonghong Zhuoye Group is on hold due to problems securing finance, according to people with knowledge of the matter.
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News from the nationals
Round-up of the top property stories with quick links to the nationals.
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CPA revises down estimates for construction industry growth
Construction industry growth is set to hit a six-year low next year, with the Construction Products Association revising its growth estimate for 2018 down to 0.7% from the 1.2% previously…
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UK rents halt decline, but London rents continue lower
Rents halted a three-month decline in July, with the average UK rent rising by 1.1% to £925 a month, research by HomeLet showed.
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East London house prices outperform on Olympic effect
WEEKEND PAPERS: The holding of the Olympic Games in London in 2012 had a beneficial effect on house prices in the areas around Olympic Park, figures from lender Halifax show.
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Avant Homes secures £200m revolving credit facility
Avant Homes has secured a £200m revolving credit facility from Bank of Ireland, HSBC, Royal Bank of Scotland and Santander, and will use the proceeds to buy land in the…
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Mortgage rates rising for those with low deposits
WEEKEND PAPERS: Mortgage rates are rising for those borrowers with the smallest deposits, figures from Moneyfacts show.
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Consumer spending falls for third straight month in July
Consumer spending fell for a third straight month in July, the longest period of declines since February 2013, data from Visa show.