Investment in Real Estate
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Sadiq Khan has published the final version of his affordable housing and viability supplementary planning guidance (SPG). This was consulted on earlier in the year. The final document has remained very similar to the draft but with a number of subtle differences. It sets out the Mayor’s approach to strategic applications that are referred to him, noting that Local Planning Authorities (LPAs) are encouraged to follow the same approach for all schemes providing 10 or more homes.
A brief introduction to the loan portfolio market today
The international loan portfolio market has seen significant growth and continued innovation in recent years, as lenders bundle up and offload risk from their balance sheets. Large scale portfolio transactions are often key to stabilising the positions of ‘problem’ lenders; as we write, details are emerging on recently rescued Spanish lender Banco Popular’s €30bn non-performing loan portfolio.
Yet again transport investment and real estate value forms a key discussion topic at this year’s MIPIM with representation from all of the major transport investment projects. The projects aren’t new, so what has changed since last year?
I have been reflecting on whether the Government’s latest housing proposals will achieve Sajid Javid’s ambitions for “radical, lasting reform” and create a “new, positive, mindset to house building”.
The Housing White Paper ‘Fixing our broken housing market’, published on 7 February 2017, identifies that compulsory purchase law gives local authorities extensive powers to assemble land for development and that recent and proposed legislation (the Housing & Planning Act 2016 and Neighbourly Planning Bill) is reforming CPO process to make it clearer, fairer and faster. As a result, planning authorities are encouraged to use these powers, particularly in areas of high housing need.
As we enter the second half of this decade of austerity, the UK’s public sector leaders have an opportunity to decide how to innovatively deliver the savings demanded of them whilst also ensuring their services remain relevant in the digital age.
With housing firmly established as a political chess piece, its prominence in yesterday’s joint Spending Review and Autumn Statement comes as no surprise. The Chancellor of the Exchequer announced a £6.9bn housebuilding programme comprising:
Since 2010, we have witnessed a growth of capital from Asia into European real estate. A total of €50bn has been invested over the last five years. In the recently published Deloitte EMEA magazine, REflexions, we examined this trend and identified 7 key, but not exclusive, reasons why we think movements of capital from Asia into European real estate will increase over the medium term and here they are:
The latest edition of our UK Property Handbook has just been sent out, containing the usual wealth of easy-to-digest detail on the domestic market. Here’s a quick look at a few of the top-level themes…
As the university term kicks off, we thought it would be interesting to consider how student housing rents have changed over the last 3 years.