Latest News

Sixth Street, the US-based investor, has agreed a deal with Legal & General to purchase Cala, which ranks among Britain’s ten biggest housebuilders. Sixth Street has teamed up with Patron Capital Partners – Cala’s former owner – and will own the…

UK interest rates have been left unchanged at 5% by the Bank of England. Until last month, interest rates had been at a 16-year-high of 5.25%. The Bank of England’s decision to hold the base rate at 5% comes as…

With inflation holding steady last month at 2.2%, which is below the 2.4% level the Bank of England expected, will Threadneedle Street cut interest rates again today? A cut to interest rates again would be a welcome move for property…

Australia’s REA Group, which is backed by Rupert Murdoch, is set to increase its bid for Rightmove. After the UK property portal formally rejected REA’s £5.6bn bid last week, REA executives are considering making a higher second offer, The Mail…

LSL has just announced its results for the six months ended 30 June 2024 with Group underlying operating profit of £14.4m (H1 2023: £3.2m). Results are in line with upgraded expectations as announced with the preliminary results in April, and…

Desmond McGranaghan An estate agent who failed to inform a consumer that he was a member of a property redress scheme was yesterday given a conditional discharge, suspended for 12 months. In a case brought by the Trading Standards Service…

A new report from the Organisation for Economic Co-operation and Development (OECD) calls on the chancellor Rachel Reeves to abolish Stamp Duty Land Tax, among a host of other changes to help stabilise the UK’s finances. Among its key recommendations,…

Quicklet has increased its managed properties to over 2,000 units, working towards the company’s three-year goal to have 5,500 homes under management by 2026, after acquiring the rental portfolio of Robert Wilson Estate Agency Group for an undisclosed sum. Wilson…

Following an investigation by the council’s planning enforcement and private sector housing teams, Tarsem Dhillon, of Dawley Road, appeared at Uxbridge Magistrates’ Court and was sentenced for continuing to use one of his properties in Hayes as an HMO, despite…