Number of streets with £1 million house price average rises by 16%

first_imgHome » News » Housing Market » Number of streets with £1 million house price average rises by 16% previous nextHousing MarketNumber of streets with £1 million house price average rises by 16%Research by property portal Zoopla reveals singificant increase of six-figure-busting roads outside capital.Nigel Lewis28th September 20180925 Views The UK now contains 17,289 streets where the average house price exceeds £1 million, research by Zoopla reveals.This is an increase of 16% on last year as prices continue to rise in many of London’s commuter towns.Although London dominates the list of most expensive streets in the UK, its sky-high central postcode prices have reduced in value, although not enough to drop off the rankings.“Despite London’s property market continuing to plateau, its sheer desirability means that its most exclusive boroughs continue to dominate the list,” says Zoopla spokesperson Lawrence Hall (left).The UK’s most expensive street, Kensington Palace Gardens, has lost £1.3 million in value over the past year and now has an average value of £35.6 million.But areas outside the capital are rivalling London for expensive streets and the South East of England has more at 6,491 compared to the capital’s 5,843.House price wealthThe Zoopla research also mirrors the UK economy and its stark imbalance of property wealth.London and the South East has thousands of million-pound-plus streets but in many regions further north they only run into the hundreds.This includes the North West (757), West Midlands (364) and Yorkshire and the Humber (173). Wales has only 33.Towns with the greatest number of million-busting streets where upmarket agents may be clinking their glasses – assuming they can find buyers for their listed properties – are all in the South East.This includes Reading, Guildford, Sevenoaks, Leatherhead, Farnham and Maidenhead.Lawrence Hall house price million pound homes Zoopla September 28, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Record £17 million crowdfunded by UK property start-ups so far this year

first_imgThe amount of money raised by property industry start-ups pitching on the UK’s two key crowdfunding platforms has increased dramatically this year when compared to 2017, The Negotiator can reveal.Property companies have so far raised £17.4 million on and, an almost five-fold increase on last year’s fund raising of £3.83 million.The huge increase in crowdfunding has included several high-profile pitches from online estate agent which in September raised £914,230 compared to £395,480 last year, both on Crowdcube.Also, eMoov raised £1.84 million in July and Airbnb management platform Airsorted raised £7.19 million in March.Crowdfunding rushOther companies successfully raising funds have included property investment funds, proptech companies, and both hybrid and online agents including Howsy, Vesper Homes, SPCE and BrightLet, whose crowdfunding effort has yet to close but has raised £52,012 so far.A company specialising in house raffles recently raised £268,200 on Seedrs, on which proptech firm MoveBubble also raised £825,000 and tenant lettings finding service Urban Collective raised £282,871.Not all crowdfunding efforts are serious. On which is a more social and personal crowdfunding platform, a pop band called The Wharves recently raised £1,087 after damaging a Mercedes car owned by an estate agent in London.Who has raised what during 2018?British Pearl £2mEmoov – £1.84mPropity – £389kViewber – £245kHousers – £40kLandlordInvest – £300kRaffle House – £260kUrban Collective – £282Movebubble – £824kAirsorted – £7.2 millionInfabode – £760kHowsy – £686kCrowd Property – £874kVesper Homes – £121kSPCE – £274kBrightlet – £52kBrickOwner – £176kproptech movebubble seedrs cr Crowdcube crowdfunding doorsteps Emoov Urban Collective funding October 29, 2018Nigel LewisOne commentJesse van Dijk, MadeComfy MadeComfy 15th November 2018 at 10:21 pmI really like how crowdfunding helps start-up to get started. Really nice to see how an Airbnb management company like airsorted raised such an amount of money. in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Record £17 million crowdfunded by UK property start-ups so far this year previous nextProptechRecord £17 million crowdfunded by UK property start-ups so far this year2018 is already a bumper year for funding sourced via crowdfunding platforms such as Seedrs and Crowdcube, our research shows.Nigel Lewis29th October 20181 Comment2,530 Viewslast_img read more

Greece: Hellenic Coast Guard Announces Tender for Supply of 6 Coastal Patrol Vessels

first_img View post tag: Patrol View post tag: Hellenic View post tag: Naval September 9, 2011 View post tag: tender Back to overview,Home naval-today Greece: Hellenic Coast Guard Announces Tender for Supply of 6 Coastal Patrol Vessels Industry news View post tag: coast Hellenic Coast Guard has announced 12,000,000 EUR tender for supply of 6 coastal patrol vessels. Project Period is 16 months from date of contract award.Hellenic Coast Guard is the national coast guard of Greece. Like most other coast guards, it is a paramilitary organization that can support the Hellenic Navyin wartime, but resides under separate civilian control in times of peace. It was founded in 1919 by an Act of Parliament (N. 1753/1919) and the legal framework for its function was reformed in 1927. The current name is specified in Law 3022/2011.The Hellenic Coast Guard Force is currently under the authority of the Ministry of Civil Protection. The Hellenic Coast Guard Force is headed by the Senior Coast Guard Officer who normally has the rank of Vice Admiral.The basic roles of the Hellenic Coast Guard are law enforcement in sea, search and rescue, marine safety, pollution prevention in sea, fishery patrolling, prevention of the illegal immigration, drug interdiction. In order to perform these roles, the Coast Guard operate a number of Patrol Boats of various sizes (6m to 60m) and different types (RIB’s, coastal patrol boats, offshore patrol boats, lifeboats and pollution control vessels). On land the Hellenic Coast Guard is equipped with cars and motorcycles.The Hellenic Coast Guard operates the Maritime Rescue Coordination Center (MRCC) in Piraeus and the Emergency Radio Communications Station SXE at Aspropyrgos . The Hellenic Coast Guard also operates the Vessel Traffic Service (V.T.M.I.S.) at busy sea lanes, currently around the ports of Piraeus, Elefsis, Lavrion and Rafina.Between May 21, 1964 and 1980 the Hellenic Coast Guard had its own special flag, which was derived from the Greek Ensign with the addition of the crossed anchors badge on the center of the white cross.Tender Details: Open Procedure. Reference No: 1/2011Dated: 03/09/2011Tender Deadline: 31.10.2011[mappress]Source: hcg, September 9, 2011; Share this article View post tag: Coastal View post tag: Navy View post tag: of Greece: Hellenic Coast Guard Announces Tender for Supply of 6 Coastal Patrol Vessels View post tag: News by topic View post tag: 6 View post tag: Guard View post tag: Announces View post tag: For View post tag: vessels View post tag: Supplylast_img read more

Channel 44 News: Student Loan Debt Continues To Increase

first_imgEven more staggering, researchers found the share of borrowers entering repayment with $50,000 or more in debt tripled during the same period.Analysis say these figures are surprising, especially given stagnant wage growth in recent years. Borrowers leaving college now are making essentially the same amount as those 10 or 15 years ago. However, they are in more debt which makes it difficult to pay back the loans.FacebookTwitterCopy LinkEmailShare Student Loan Debt Continues To IncreaseAUGUST 18TH, 2017  TYRONE MORRIS INDIANA  The number of college graduates struggling to pay back their student loans is going up. A new report by the Consumer Financial Protection Bureau says the percentage of people owing $20,000 or more doubled from 2002 to 2014.last_img

We smell a rat…

first_imgMove over girly flowery cupcakes, your time is up. As unlikely a proposition as it might seem, vermin-themed cupcakes have arrived. Yes, and just when you were thinking there was nowhere left to take the category after zombie cupcakes (see 7 May BB), ’What’s New, Cupcake?’ by Karen Tack and Alan Richardson arrives with recipes for cockroach and rat cupcakes: sign of a maturing cupcake category too, when the envelope gets pushed to a place where it should perhaps be returned to sender. As is the case with Yummy Cupcakes in the US, which takes the cup out of cupcakes and replaces it with a jar. That’s one cupcake per jar. Hmm. The jury’s out on this one:

Press release: Regulator of Social Housing publishes 2018 Global accounts

first_img The operating surplus from social housing lettings decreased by 2% to £5.0bn – the period covers the second year of 1% rent reductions on general needs units and, for the first time in 2017-18, providers also had to reduce rents on most supported housing properties There was a small increase in the underlying surplus generated, which was used to support additional borrowings to fund capital investment This year’s publication also includes an annex on the Value for Money (VfM) metrics, which were introduced alongside the April 2018 VfM Standard.Providers are required to report against seven metrics specified by the regulator; the annex contains the results of these metrics and accompanying narrative. The initial findings show a wide range in performance across the sector, with distinctive characteristics for particular groups of providers such as early years Large Scale Voluntary Transfers and supported housing providers.Fiona MacGregor, Chief Executive of RSH, said: The headline social housing unit cost data, based on 2018 submissions, is included in the Global accounts data file, alongside the 2018 VfM metrics data.Further information The annual releases are available on the Global accounts collections page. Expenditure on repairs and maintenance of existing social stock at £5.0bn increased by 3% compared to 2017 See our Media enquiries page for press office contact details. For general queries, please email [email protected] or call 0300 124 5225. The sector raised more than £10bn (2017: £7.6bn) in new debt facilities from banks and capital markets with borrowings (drawn debt) increased by £3.0bn to £72.5bn. The social housing sector increased its investment in new and existing properties, according to the 2018 Global accounts of private registered providers, published today (14 December 2018) by the Regulator of Social Housing.The annual Global accounts report is based on an aggregation of the financial statements of private registered providers of social housing who own or manage at least 1,000 homes (together representing more than 95% of the sector’s stock).The main findings for 2018 are: The Regulator of Social Housing promotes a viable, efficient and well-governed social housing sector able to deliver homes that meet a range of needs. It does this by undertaking robust economic regulation focusing on governance, financial viability and value for money that maintains lender confidence and protects the taxpayer. It also sets consumer standards and may take action if these standards are breached and there is a significant risk of serious detriment to tenants or potential tenants. For more information visit the RSH website. The value of the properties held for sale at the year-end was £5.6bn, mainly consisting of land and work in progress rather than completed properties. This was an increase of 17% on 2017 2018 saw the sector deliver a strong financial result whilst increasing its investment in both new supply and existing properties. Record levels of debt finance were arranged, leaving the sector well-funded for the future. > The increase in capital spending commitments is also to be welcomed as the sector seeks to provide good quality homes to meet a range of needs. However, increased activity, particularly where this is tied to uncertain market conditions, brings increased risk. Provider boards must continue to monitor, manage and mitigate the potential effects of the risks to which they are exposed. Under International Financial Reporting Standards most mergers in the sector are accounted for using the purchase accounting method. This requires the receiving organisation to report the fair value of the net assets acquired – effectively the balance sheet – as a gain (or profit) in the year of acquisition. The gain will usually be considerably more than the annual trading surplus generated by the merging organisation, and so will inflate reported surpluses in the year of acquisition. Subsequent years will not be affected. Capital investment increased this year with £1.7bn in existing stock and £10.8bn in new housing supply, which includes social housing and properties for sale and market rent The sector’s future capital commitments totalled £28.6bn (of which £12.4bn has been contracted) is an increase of 17% compared to the figure reported in 2017.last_img read more

Creating power by the Yard

first_imgSustainability often happens behind the scenes. But Harvard’s newest renewable energy project is also among its most conspicuous: more than 3,200 square feet of solar panels installed over the summer atop the three buildings that make up Canaday Hall, a freshman dormitory on the northern periphery of Harvard Yard.The panels are part of a solar thermal and steam tunnel heat-recovery project that’s expected to supply at least 60 percent of domestic hot water for all buildings in the Yard.  By using thermal energy to heat water instead of using fossil fuels, the Faculty of Arts and Sciences (FAS) will take another step toward meeting the University’s goal of cutting greenhouse gas emissions 30 percent below a 2006 baseline by 2016, including new growth.The solar panels were installed without needing to modify Canaday’s roofs, which were already angled toward the south at about 35 degrees. The existing roof proved to be an optimal environment for capturing solar energy, said Jay Phillips, senior director of operations for FAS.“This was an ideal project for many reasons,” Phillips said. “The prominent location made it especially attractive because we could take advantage of the opportunity to educate the Harvard community about the benefits of clean, renewable energy for our campus.”For more than 15 years, five large natural gas-fired boilers beneath Canaday have provided hot water to the buildings in the Yard, feeding a loop that runs beneath the historic grounds.  A network of glycol-filled pipes now connects the rooftop solar panels to the new hybrid heating system, using the sun’s power to heat water for showers, hand washing, and dishwasher.“It’s nice to know that when I use hot water, it isn’t at the expense of the environment,” said Canaday resident Jody Heck. “I love knowing that my hot water comes from solar panels on my dorm. It is a great idea.”Glycol was used, in part, because it will not freeze during a harsh New England winter. A solar thermal system like the one installed on Canaday’s roofs is 55.4 percent efficient, compared with just 20 to 30 percent for a conventional fossil fuel system.The hybrid system also collects exhaust heat from a steam tunnel under Canaday.  A new fan in the tunnel draws hot air up to a vent on the Yard.  The fan includes a set of eight coils that capture the heat at temperatures of up to 105 degrees, running it through additional glycol loops that feed into a common buffer tank in the basement of Canaday, where the heat is combined with that from the solar array.This 1,000-gallon buffer tank, which replaces the need for gas-fired boilers, pre-heats city of Cambridge water to 130 degrees before it is pumped to buildings around the Yard.  During early September’s heat wave, Phillips says, 100 percent of the Yard’s hot water needs were met through the new hybrid system during daytime.On average, about 40 percent of the thermal energy provided by the new system will come from the solar panels, with the remaining 60 percent supplied by the steam tunnel heat recovery.  The older, gas-fired boilers will remain as a back-up heating source, especially during cloudy days when the solar panels are not able to collect sufficient thermal energy.The project will prevent an estimated 166 metric tons of CO2, a key greenhouse gas, from being released into the atmosphere annually.  It is expected to pay for itself within 10 years.A monitoring system will allow Canaday residents and the Harvard community to assess the system’s productivity, displaying readings on public kiosks and web-based graphs that can also be easily exported for analysis.Across the University, facility managers are integrating renewable energy and green building standards into construction projects as part of the sustainability commitment.  Energy audits and cost-effective energy efficiency projects are also helping existing buildings to cut energy and achieve savings.  Additional solar thermal projects on campus include the University Operations Services headquarters at 46 Blackstone St., the FAS co-ed dorm at 3 Sacramento St., and two Harvard Real Estate Services (HRES) properties on Broadway and Prescott Street.last_img read more

Biden signs immigration orders as Congress awaits more

first_imgWASHINGTON (AP) — President Joe Biden has signed a second spate of orders to undo his predecessor’s immigration policies, demonstrating the powers of the White House and its limitations without support from Congress. His orders on family separation, border security and legal immigration bring to nine the number of executive actions on immigration during his first two weeks in office. With proposed legislation to give legal status and a path to citizenship to all of the estimated 11 million people in the country who don’t have it, Biden has quickly taken aim at many of former President Donald Trump’s sweeping changes to deter immigration, both legal and illegal.last_img

Saltwater turf

first_imgBy Sharon OmahenUniversity of GeorgiaImagine being able to water your home lawn with salt water. Yes,salt water.Thanks to the new seashore paspalum grasses, this isn’t a dreamfor those who live along the coast. Seashore paspalum cantolerate a wide quality range of water, including seawater,brackish water and recycled water.”The grass requires only minimal pesticides and judiciousapplications of fertilizers,” said Clint Waltz, a turf specialistwith the University of Georgia College of Agricultural andEnvironmental Sciences.The grass uses key fertilizer nutrients efficiently, Waltz said.It can easily be managed to comply with many environmental waterregulations.Coastal golf coursesRetired UGA professor Ronny Duncan bred a number of seashorepaspalum grasses. They’re being used on golf courses along theGeorgia coast and in Hawaii and Guam.”Aside from its uses as an athletic turf, seashore paspalum maybe used to clean up polluted or contaminated waters or soils,”Waltz said.”It may be effectively used to transition into wetland sites orother environmentally sensitive areas,” he said. This can helpreduce pollution from industrial or other problem areas.Update in SavannahWaltz and others from UGA, the University of Florida and theGeorgia Department of Natural Resources will present an update,”Seashore Paspalum: The Environmental Steward,” Oct. 15 at theCoastal Georgia Center in Savannah.Duncan will be on hand to provide a history of seashore paspalum.UGA agronomist Bob Carrow will discuss its characteristics andwater conservation qualities. And he’ll tell how to manage thegrass.Other sessions will look at seashore paspalum as a recreational,amenity or forage grass or for land reclamation, stabilization,bioremediation and other uses.DetailsThe update was planned by the Georgia Center for UrbanAgriculture and the Coastal Resources Division of DNR. It beginswith registration at 8 a.m. The program starts at 8:30 and endsat 5 p.m.The cost is $50 before Oct. 4 or $60 after that. To preregisteror learn more about the update, call the UGA Griffin campusOffice of Continuing Education at (770) 229-3477.To learn more about the UGA seashore paspalum breeding program,see www.georgiaturf.comon-line.(Sharon Omahen is a news editor with the University of GeorgiaCollege of Agricultural and Environmental Sciences.)last_img read more

Study predicts 1 TW of solar capacity by 2023

first_imgStudy predicts 1 TW of solar capacity by 2023 FacebookTwitterLinkedInEmailPrint分享Greentech Media:It’s time for our regular check-in on where solar PV installations are headed. Here’s the quick answer: Prices are still going down and capacity is going up around the world. Pretty much the same path we’ve been on.But that path for solar has widened.In fact, within the next five years, the world will likely have over 1 terawatt of solar capacity installed, according to the latest global data from Wood Mackenzie Power & Renewables. That’s a trillion watts. That’s enough to serve more than one-third of America’s electricity consumption.Our last major capacity projection was one year ago, when the GTM Research team forecasted 871 gigawatts by 2022. The latest projections show higher-than-expected growth for every year after 2018. For example, WoodMac projections for 2020 are 26 gigawatts higher than last year’s forecast.Basically, it’s Asia and everyone else. China, Japan and India will make up 20 percent of the total global market through 2023. Over the next two years, China and Japan will make up half of annual installations—even with both markets in decline this year.The reason for the upward adjustment in capacity is pretty simple. Prices are ultra-competitive—and falling. More countries are putting in place auction systems — increasingly “subsidy-free”— and large-scale solar PV is winning a lot of bids. Cost drops haven’t kept pace with recent price drops, but WoodMac expects costs to catch up. WoodMac analysts simulated 625 auction-tariff scenarios and found a median price of 2 cents per kilowatt-hour by 2022.More: By 2023, the world will have 1 trillion watts of installed solar PV capacity–last_img read more