Residential
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Countrywide shares fall to new low
Shares in the UK’s biggest chain of estate agents, Countrywide, fell 10% after it announced a 98% drop in first half profits.
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Council borrowing to be tightened
Council borrowing through the Public Works Loan Board is to be tightened in the wake of billions being spent on commercial property acquisitions.
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Profits fall 63% at Foxtons
Profits at estate agency Foxtons fell by 64% the first half on 2017, to £3.8m from £10.5m the year before
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Dev partner sought for 5.4-acre mixed-use Bath scheme
Bath and North East Somerset Council has kicked off the search for a development partner to bring forward a mixed-use scheme of nearly 400,000 sq ft
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Everything you need to know about the government’s ground rent review
The government revealed this week it is consulting on banning the sale of new-build homes as leasehold properties in an effort to crack down on what one commentator called “property’s…
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PHP profits up by 74%
Primary Health Properties has announced a 73.7% increase in profits in the six months to June alongside the acquisition of three new properties in two deals for £35m
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Countrywide keeps LSH
Countrywide posted an income fall of 10% and a profit fall of 26% in the first six months of 2017 as the result of a slower housing market.
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Four ways the financial crisis continues to hit UK housing
Ten years after the onset of the crash, a report from Savills says the crisis’s reverberations continue to be felt by existing and aspiring UK home owners
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Lloyds to pay back £300m in mortgage arrears errors
Lloyds Banking Group has set aside £300m to cover mortgage arrears errors.
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Construction slows as economy stutters
The construction sector shrank 0.9% as the economy struggled in the second quarter.
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Unite warns cladding on student flats may be replaced
Student accommodation provider Unite has warned it might have to replace the cladding on some of its buildings.
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Countryside to develop Kingsmere phase two at Bicester
Countryside Properties has received planning permission for phase two of its Kingsmere development in Bicester