estate

Talk about DIY! Inside an estate in London where locals BUILD their own houses

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The plan was made for a development in Lewisham, in south-east London Rising house prices and the ongoing cost of living crisis are making affordable housing difficult to find in many parts of the UK. This is even more the case in the capital, where prices are high and space for development is becoming increasingly … Read more

Why this estate has hundreds of empty apartments, while people are desperate for homes

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Standing proud since the 1960s, they dominate the city skyline against the dramatic hills that surround the city. But uncertainty has hung over the Seven Sisters of Rochdale for almost eight years. It was November 2016 when the Manchester Evening News reported for the first time that the Grade II listed tower blocks of the … Read more

Is this Britain’s most infamous street? Rat infested full of garbage

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Full of dumped carpets, sofas and even beds, could this be the most fly-ridden street in Britain? Tannahill Road in Painsley, Scotland, was once a thriving community and is now overrun with rubbish, which has angered residents and created a breeding ground for rats. Although the abandoned housing estate, located in the Ferguslie Park area, … Read more

British housebuilder Crest Nicholson is making losses due to problems in the real estate market

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British housebuilder Crest Nicholson has plunged into the red and cut its dividend, highlighting the problems in the British property sector. The FTSE 250 company warned for the fourth time in a year that profits would be below expectations and said it was still hurt by volatile mortgage rates and slowing demand in the housing … Read more

Starwood Capital is limiting redemptions at its struggling $10 billion real estate fund

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Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A $10 billion real estate fund managed by Barry Sternlicht’s Starwood Capital is strictly limiting its investors’ ability to exit their investments as it preserves liquidity and avoids a massive asset sale in what the … Read more

PwC is facing a crisis in China over the audit of failed real estate giant Evergrande

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PwC is facing a crisis in China as partners brace for fines over the audit of bankrupt property developer Evergrande and some clients reconsider their relationships with the accounting firm. China’s securities regulator ruled in March that Evergrande had inflated its mainland revenues by nearly $80 billion in the two years before the developer defaulted … Read more