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9 November 2018

Yorkshire flies its flag to welcome new Channel Four HQ and its workforce

A triumph for Yorkshire – it was a proud moment when we heard the news that, following stiff competition from Manchester and Birmingham, Channel Four selected Leeds as the destination for their new base outside of London. Predicted to bring around 300 jobs to the region, it was surprising too to find they didn’t have a particular site or [...]

10 October 2018

With a mix of headlines regarding the state of the UK economy, where are we today?

Generally the UK economy is performing steadily, albeit unspectacularly. The headline numbers behind the UK economy are looking okay, but there are weaknesses behind some of those figures. The latest data for UK economic growth beats expectations, with GDP rising 0.4% in Q2 this year. But looking ahead, the Bank of England expect the economy to grow [...]

26 September 2018

The Press quiz Council leader Ian Gillies on various development plans in York

There’s a lot going on in York at the moment. In an exclusive interview, council leader Ian Gillies talks to STEPHEN LEWIS from York Press about the ‘state of the city’ He discusses PROGRESS on York Central, on the York local plan, on finding a new use for the Castle car park – and even on the community stadium. It’s all [...]

18 September 2018

London rents fall for third consecutive month on newly let homes

London rents on newly let homes (i.e. homes advertised on the open market to let) fell for the third consecutive month, down -0.8% year-on-year, despite 21% fewer homes available to rent than last year. Whilst in contrast, rents on newly let homes in Great Britain excluding London, rose 2.0% year-on-year, including growth of 1.7% growth in Northern [...]

6 September 2018

Two years since the Brexit vote and currency remains one of the most affected areas of the economy

Is It Time to Save…? Sterling’s Weakness Over two years after Britain voted to leave the European Union, the currency market remains one of the most affected areas of the economy. In Q1 2016, the quarter before the Brexit vote, one pound gave you 1.30 euros. Since the vote, the pound has depreciated 12% against the Euro and in Q2 this [...]

27 August 2018

61% rise in London leavers as proportion heading North more than triples over 10 years

In the first half of 2018 Londoners bought over 30,000 homes outside the capital, 16% more than the same period last year and 61% more than 10 years ago in H1 2008. • Since 2010 the number of Londoners leaving the capital for Northern England or the Midlands has tripled. • The average price of a home bought by a Londoner leaving the capital rose [...]

16 August 2018

Proportion of overseas based landlords halves since 2010

The proportion of homes let by an international landlord in Great Britain halves from 13% in H1 2010 to 6% in H1 2018. More than one in ten London homes (12%) were owned by an overseas based landlord in H1 2018. This is up 5% since H2 2017, but remains down from a peak of 20% in H2 2011. Yorkshire and Humber have the second highest number of overseas [...]

6 August 2018

PROPERTY INSIGHT – The North / South Divide

The housing headlines over the last decade have been consistent – the country is split in a North-South divide. House price growth in London and the South has slowed, while the North has won out. Between 2016 and 2017 we saw a shift in price growth from South to North, with most regions in the Midlands and the North overtaking those in the [...]

30 July 2018

INVESTOR FOCUS: Why recent policy changes won’t stop the growth of renting

Landlords are buying fewer homes. Since the introduction of the 3% Stamp Duty Land Tax (SDLT) surcharge in April 2016, landlords have sold 50,000 more homes than they bought. And now, they make up a smaller part of the market. Investors bought 12.3% of homes in 2017, down from 16.4% in 2015. Despite landlords selling more homes than they bought, the [...]

22 July 2018

Residential development in Fulford is underway

WORK has started on a new 14-home luxury residential development in Fulford, York. York based The Helmsley Group is behind the four, five and six-bedroom houses at Connaught Court off St Oswalds Road, which have some ‘stunning aspects’ over the Ings and the River Ouse. The first three properties are expected to be completed by early 2019. [...]