In the news this morning, the housing secretary has warned housebuilders that they must end “unacceptable” punitive costs and “nightmare” snagging problems in new homes if they want to continue to benefit from the Help to Buy scheme.
Alleged housing failings have also put Blackstone in the firing line, with the UN warning that that the private equity firm is in danger of violating human rights for its practices as landlord to millions of tenants worldwide.
And from EG, German real estate fund Patrizia is in talks to buy a Dublin residential development for €51.4m (£43.9m).
Also today:
News round-up: The assured tenancy trap
GIC investment values CitizenM hotels at €2bn
Reforms planned to allow UK ‘mortgage prisoners’ to switch deals
Debenhams pushes Mike Ashley for firm offer
Blackstone accused of flouting tenants’ rights
Crest Nicholson poaches new chief from Galliford after uncertain year
Oops . . . something about UK Finance’s mortgage figures doesn’t add up
