Wadi Safar emerges as Riyadh’s ultra-prime residential district
Wadi Safar, a low-density residential district within the Diriyah masterplan west of Riyadh, is attracting attention from investors and high-net-worth buyers as Saudi Arabia’s luxury property sector expands under Vision…
Bank of England rate decision awaited as inflation risks mount
The Bank of England is expected to hold its base rate at 3.75% today, though the decision comes amid heightened uncertainty over inflation and rising pressure on the Monetary Policy…
Former Knight Frank partners establish Stratford agency
Two former Knight Frank partners have established an independent estate agency in Stratford-upon-Avon, focusing on residential development land and new homes sales. Jonny Wish and Chris Priestley have launched Priestley…
Leasehold ban delayed as phased reform approach confirmed
A complete ban on new leasehold properties in England and Wales will not be implemented before the next general election, according to housing minister Matthew Pennycook, who has outlined a…
UK estate agency workforce drops 14% as AI adoption rises
The number of estate agents and auctioneers in the UK has fallen by 8,600 in nine months, according to employment data analysed by prime London agency Jefferies London, as the…
Four in ten letting agents unaware of rent advance restrictions
More than 40% of letting agents remain unclear about new restrictions on rent in advance payments as the Renters’ Rights Act comes into force on 1 May, according to research…
Business rates hike forces estate agents to consider job cuts
A Somerset-based estate agency has warned that a 50% increase in business rates, combined with the impact of the Renters’ Rights Act, may force the firm to make redundancies. TOR…
Assetz Capital provides £2.73m for Midlothian development
Assetz Capital has completed a £2.73 million development finance facility for the refinance and completion of Dalmahoy Farm Villas, a part-completed residential scheme in Midlothian, approximately 12 miles south west…
Pallas Capital completes £970k exit loan in five weeks
Pallas Capital has completed a £970,000 development exit loan for a residential scheme in Kibworth, Leicestershire, within a five-week timeframe. The 12-month bridging facility refinances an existing development facility and…
Avamore Capital completes £926k development loan in three weeks
Avamore Capital has completed a £926,000 ground-up development finance facility within three weeks, incorporating a day-one advance structure that allowed the borrower to refinance completed works and redistribute capital across…