Cornwall housing crisis forces young workers into vans
Young workers in Cornwall are increasingly living in campervans due to a shortage of affordable housing, as tourist property purchases and short-term rental conversions reduce long-term accommodation options in the…
Paragon provides £5.32m for Sheffield apartment scheme
Paragon Development Finance has provided a £5.32 million facility for Kelham Exchange, a mixed-use development comprising 43 apartments and four commercial units on Acorn Street in Sheffield’s Kelham Island district.…
Atelier provides £16m for Cambridge student housing refurb
Atelier has provided a £16 million development finance loan to fund the refurbishment of a 150-bed purpose-built student accommodation scheme in Cambridge, marking the lender’s ninth transaction with developer Rengen.…
Labour MP proposes rent controls to reduce welfare spending
A Labour MP has called for the introduction of rent controls in the UK as a means to reduce the national welfare bill and alleviate cost-of-living pressures on tenants. Margaret…
Welsh landlords face £5,000 fines as licence renewals due
Landlords and letting agents operating in Wales are being reminded to check their Rent Smart Wales licence renewal dates, with penalties of up to £5,000 for non-compliance as the scheme…
Scotland’s £10,000 deposit scheme faces affordability concerns
Scotland’s newly launched First Homes Fund, which offers first-time buyers £10,000 towards property purchases, will not resolve underlying housing market challenges, according to a lender participating in the scheme. The…
Five properties near swimming venues listed across UK
Five residential properties located near public swimming facilities across England and Scotland have been listed for sale, with prices ranging from £650,000 to £6.45 million. In Plymouth, Devon, a Grade…
Saudi Arabia launches freehold map for foreign investors
Saudi Arabia has introduced a digital freehold map identifying geographic areas where foreign nationals may purchase property, marking a significant development in the Kingdom’s real estate market liberalisation. The official…
Developer secures £18m refinancing for Edinburgh student scheme
Student accommodation developer Danehurst has completed an £18 million refinancing of The Pepper Mill, a 155-studio purpose-built student accommodation (PBSA) development in Bonnington, Edinburgh. Secure Trust Bank Real Estate Finance…
Knight Frank enters redundancy consultation process
Knight Frank has initiated a redundancy consultation affecting less than 3% of its UK workforce, despite posting a 6.3% increase in annual revenues. The agency confirmed the consultation is underway…