BoE’s base rate freeze to have ‘significant’ implications on development funding

The decision means "banks will grow more risk-averse and borrowers in the lower to mid-market will look to the private debt sector”, according to Edward Matthews, chief executive of real estate lender MERA IM. The post BoE’s base rate freeze to have ‘significant’ implications on development funding appeared first on Property Week.

Government shuts down rumours of rent freeze by Reeves

Housing secretary Steve Reed said "we're not doing it", following comments from Rachel Reeves that implied rent controls could be an option. The post Government shuts down rumours of rent freeze by Reeves appeared first on Property Week.

Sector ‘alarmed’ as Reeves mulls one-year residential rent freeze

The chancellor is reportedly considering introducing a short-term rent freeze in England to ease the financial impact of war in the Middle East on individual households. The post Sector ‘alarmed’ as Reeves mulls one-year residential rent freeze appeared first on Property Week.

Berkeley halts land acquisitions citing ‘unviable’ market conditions

The housebuilder said it would also implement a hiring freeze and employ fewer subcontractors, while prioritising value creation from existing land. The post Berkeley halts land acquisitions citing ‘unviable’ market conditions appeared first on Property Week.

Judge Orders Chicago Transit Funding Restored as Rail Projects Avoid Demobilization

A federal judge orders funding restored for CTA projects after a DOT-ordered freeze, allowing projects to continue and averting imminent deadline for contractor demobilization.