In the news this morning, planning applications have soared in recent years as homeowners choose to stay put and extend, rather than pay the high costs of moving house. Basement extensions and loft conversions are proving popular, but conservatories seem to be losing their appeal. Land value capture is essential to solving the housing crisis, Shelter says. It reckons £87bn could be put in to housing and infrastructure if local authorities could take full advantage of it. Lidl is now the seventh largest supermarket in the country, overtaking Waitrose.
Planning applications soar as homeowners stay put (The Telegraph/FREE)
Planning applications have risen by more than 25% over the last five years, as the high cost of moving house convinces those looking for extra space to stay put and expand instead, figures from lender Halifax show.
Land value capture key in solving housing crisis (FT/£)
Campaigners are calling for changes to legislation to allow local authorities and other public bodies to buy land more cheaply, in turn funding more housebuilding.
Lidl overtakes Waitrose to become UK’s seventh largest supermarket (The Guardian/FREE)
Lidl has overtaken Waitrose to become the UK’s seventh largest supermarket, the latest data from Kantar Worldpanel show.
Dalian Wanda transfers ownership of Nine Elms site (The Times/£)
China’s Dalian Wanda has transferred ownership of the Nine Elms Square site to two property companies listed in Hong Kong, R&F Properties and CC Land.
Earnings rise 30% at Persimmon (The Telegraph/FREE)
Persimmon reported a 30% rise in pretax profit to £457m in the six months ended 30 June, and a 12% rise in revenue to £1.66bn.
Trump’s Turnberry hotel gets £110,000 tax rebate (The Guardian/FREE)
Donald Trump’s Turnberry hotel has received a £110,000 tax rebate under an emergency bailout plan designed to benefit small businesses following an up to 400% rise in property taxes in Scotland.
Review calls for Scottish business properties to be revalued every three years (FT/£)
The Barclay review is recommending Scottish business properties are revalued every three years rather than every five, as is currently the case.
Guardian drops possible Manchester move (The Times/£)
The Guardian will not relocate operations to Manchester, it has decided.
