Helen Ozolins
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London house price growth strengthens in July
The slowdown in house price growth in London may be reaching a bottom, with data from Hometrack showing prices there were 2.8% higher on the year in July, accelerating from…
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Annual housing starts highest since 2008
Housing starts rose by 13% to 164,960 in the year to June, the highest figure since 2008, figures from the Department for Communities and Local Government show.
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Gross mortgage lending rises to £23bn
Gross mortgage lending rose to £23bn in July, driven by first-time buyers and remortgaging activity, figures from UK Finance show.
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National Trust tenants face sharp ground rent rises
National Trust tenants are facing sharp rises in ground rents, some of up to 10,000%.
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Stonegate improves bid for Revolution Bars
Stonegate’s improved offer of 203p per share in Revolution Bars has received the backing of the latter’s board, but rival Deltic said it was evaluating a possible cash bid.
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Costcutter close to a deal
Costcutter could be about to join other retailers stirred into deal-making after Tesco’s move to acquire Booker at the beginning of the year.
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CBI survey shows sharp drop in retail sales
The balance of 2 in the Confederation of British Industry’s August distributive trades survey was the lowest since July last year.
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CRH sells US distribution business for $2.6bn
CRH has announced the sale of its US distribution activities for $2.6bn to Beacon Roofing Supply, and will use the proceeds to expand elsewhere.
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Japan’s Softbank and fund to invest $4.4bn in WeWork
Japan’s Softbank and its technology fund will invest $4.4bn in WeWork.
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Read this morning’s papers: Stamp duty surcharge raises double the amount expected/London home prices to remain stalled
Round-up of today’s top property stories with quick links to the nationals.
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Stamp duty surcharge raises double the amount expected
The introduction of the 3% stamp duty surcharge on second homes and buy-to-let properties has generated significantly more revenue for the Treasury than had been forecast, according to analysis of…
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Economists expect London home prices to remain stalled for some years
Economists surveyed by Bloomberg News expect the London housing market to remain stalled for a number of years, although a serious crash seems unlikely.