Monday morning briefing 2025 08 11
- hammondjon
- Aug 11
- 2 min read
It’s gloriously sunny outside, and that must mean it is Monday, the most exciting day of the week. Let’s catch up on the big news from last week, then jump in with both feet.
-> The Bank of England voted to lower interest rates to 4%, the fifth move since August last year. But the vote was split and for the first time ever required a second vote to reach the decision.
-> The Minister for Homelessness resigned after being accused of staggering hypocrisy after giving tenants in a rental property she owned 4 months' notice to leave as she was selling the property and then “within weeks” putting the property back on the rental market with a £700 price hike. These are both slight side shows though as:
-> @NHBC figures show that building safety delays hit the London homes starts as registrations slump more than 50% in Q2
-> Though @TerraQuest reports resi planning applications jump by a third YoY
-> @CBRE released their mid-year market review, which looks at the January predictions and where we are to date.
PBSA & BTR investment was forecast to be strong, but PBSA is currently 30% below the same period of last year.
BTR is stable at £1.9bn investment so far, and £2.7bn of reported transactions under offer is Q2.
However the broader Living Sector investment is expected to be 7% lower than 2024.
The supply and demand imbalance persists, with new regulation driving some landlords out.
Rents have increased by 2.1% in the first half of 2025, a deceleration from the 4.4% recorded over the same period last year.
-> @REAP 3, a subsidiary of BTR developer @BlueCastle Capital, is preparing a planning application for the tallest residential building in Wales, a 50 storey, 528-unit BTR tower designed by @5plus
-> The @Scottish Property Federation SPF is calling for a blanket exemption of #BTR homes from rent controls after research reveals a serious drop in the number of units under construction reports @urban living news.
-> Ken MacDonald of @hooke macdonald had a though provoking piece in the @The Irish Times which opens institutional funding for apartments “...... has fallen from 15 per cent of new homes purchased in 2022 to 5.5 per cent in 2024” He goes on to detail why, where and some solutions. The full article is here: https://hookemacdonald.ie/2025/07/09/the-institutional-investors-we-need-have-withdrawn-from-the-irish-housing-market/
-> Finally, @Canary Wharf Group reported that 50 - 60 Charter Street, the new BTR offering from @Vertus opened its leasing doors with the first move ins imminent. Obviously this week's image is of the news phase of Wood Wharf, taken from the This is Vertus website.
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