Residential property update
Residential development land: Which is best – an Option Agreement or Promotion Agreement?
When considering development opportunities for residential land, landowners are often presented with two primary means of taking development forwards. Either through an Option Agreement with the developer, or a Promotion Agreement.
Which land disposal method is best for Local Authorities?
Since 2021, six Local Authorities in England have been declared bankrupt and, with one in four councils expected to apply for bailout agreements to stave off bankruptcy in the next two financial years, Local Authority purse strings have never been tighter.
Residential property investment market set to improve in 2025 as Build-to-Rent thrives
Over the past 15 years, the UK’s residential investment market or Private Rented Sector (PRS) has shifted significantly, moving from net acquisition to net disposal of residential investment stock.
Balancing the town centre apartment development equation
As urban living continues to appeal to professionals, students and downsizers, the development of town centre apartments remains an attractive proposition.
Investor Briefing: Renters’ Rights Bill 2024
The Renters’ Rights Bill 2024 is a transformative piece of legislation aimed at reshaping the private rented sector (PRS) in England.
Residential Property Market Winter Update 2024
In October, Halifax announced that house prices had reached record highs. With buyer enquiries up by 14% according to the RICS Residential Market Survey, and the Bank of England cutting interest rates for the second time this year, there are positive green shoots for the residential market, as Head of Residential Property Gary Jeffries, explores.
What is an Option Agreement and what happens if there is a dispute?
An “Option to Purchase” land for residential development is a legal agreement between two parties that gives one party the exclusive right, but not the obligation, to buy a specific piece of land within a predetermined time frame.
Residential Property Market Winter Update
Residential property market remains ‘challenging’
Gary Jeffries, Vail Williams Partner, says the residential property market is displaying some resilience, however, transactions are down, putting further downward pressure on house prices.
