Archives for UK Property News

Plans for High-tech Swansea Building Recommended for Approval – Business News Wales

Plans for a groundbreaking Swansea city centre building that allows innovative tech and creative businesses to establish and grow could be given planning permission today. A planning application for a glazed structure rising six storeys on the site of The Kingsway’s former Oceana nightclub is being recommended for approval. More than 600 people could work there. The plans, assisted by feedback in a public consultation last year and further feedback this year, feature two underground levels making use of the former building basement. They show a roof terrace and balconies with green infrastructure including trees. This reflects Swansea Council’s commitment
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2020 Housing Affordability Report with Stats for England & Wales for 2019, from the Office for National Statistics

Housing affordability in England and Wales: 2019 Commenting on the findings, ONS Head of Housing Analysis Nigel Henretty said: “This is the first significant improvement in housing affordability in England for ten years. “While housing remained significantly more affordable in Wales than in England, the gap between the most affordable and least affordable local areas decreased for the first time in four years. This was driven mainly by decreasing house prices in the least affordable areas.” Go to the ONS release or view the full release by reading on: Release:Housing affordability in England and Wales: 2019 Contact: Nigel Henretty Release date: 19
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People, Population & Community Stats from the Office for National Statistics / ONS

Living longer: implications of housing tenure in later life Last month, we looked at how housing tenure had changed over time, with future generations of older people more likely to live in rented accommodation than they do now. Today’s article explores some of the implications this has, including Amongst private renting households containing someone aged 60 or over, fewer than half have savings or investments. This compares with over three quarters of those who own their homes outright. Not all those who own outright are well-off. While a quarter of older households that own outright had at least £50,000 in savings
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SME Property Boom ‘on the Way’ as Firms Look to Expand – Business News Wales

Small and medium sized businesses are set to drive a commercial property boom in the next two years, according to a new study. Research from by finance specialist Together shows nearly six out of ten SMEs (58 per cent) – nearly 3.4 million across the UK – say a boost in business is driving a need to move or extend their existing site for additional staff and equipment as well as space for storage. Among firms with property plans, 30 per cent are looking to move to bigger premises while one in six (16 per cent) aim to extend their
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Port Talbot is Britain’s Property Hot Spot 🏠 🏴󠁧󠁢󠁷󠁬󠁳󠁿

Portalbot Britain's Property Hot Spot... It may be best known for its giant smoking steelworks but Port Talbot proved to be Britain's property hot spot last year, figures show. The industrial town saw average house prices rise by 7.5% during 2019 - almost five times the national average. Cheap seafront houses and removing the Severn bridge tolls helped fuel the rise, according to estate agents. Four Welsh towns made the top 10 while Aberdeen, Witney in Oxfordshire, and Woking in Surrey saw the biggest falls. For 70 years the sprawling steelworks - among the largest in Europe - has dominated
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