Property values were up 1.1% year on year in April, accelerating from a 0.4% rise the previous month.

The average UK home price was £288,949 in April, up from £288,781 in March, Halifax said.

Halfax head of mortgages Amanda Bryden said: “Activity and demand is improving, evidenced by greater numbers of mortgage applications so far this year, while at an industry level, mortgage approvals have reached their highest point in 18 months.”

A decline in mortgage rates has prompted a forecaster to reverse its predictions of a fall in UK house prices in 2024, instead suggesting the average cost of a property could rise by £61,500 over the next five years.

The property company Savills had forecast in November that it expected the average price of a home to fall by 3% this year because recent rises in the Bank of England base rate had heightened the affordability pressures on would-be buyers.

However, although the base rate remains at 5.25%, competition among mortgage lenders has forced the cost of borrowing down since, prompting more activity in the market. As a result, Savills now expects the average price to rise by 2.5% in 2024 to £292,000.

Although it has adjusted some of its longer-term forecasts downwards, it said it expected growth every year up to the end of 2028, when it predicts average prices will have risen by £61,500, or 21.6%, to £346,500.

The number of homes it expects to change hands this year has also been revised upwards, from 1.01m to 1.05m.

Lucian Cook, the head of residential research at Savills, said: “The outlook for 2024 has improved since our last [November 2023] forecasts as mortgage costs have nudged down slightly and are much less volatile. The outlook for economic growth has also slightly improved, pointing to relatively modest house price growth this year, with greater potential over the following few years.”

It is widely believed that the Bank base rate has reached a peak, but while some economists predicted a cut as early as March, at their last meeting policymakers voted to wait to make sure inflation continues to fall, and they are expected to again hold rates when they meet this Thursday.

Cook said a 75% two-year fixed-rate mortgage from Nationwide building society priced in November at 5.35% had fallen to 4.84% this month, while a five-year deal had dropped to 4.5%.

Those deals are no longer available as Nationwide and several big lenders have repriced deals upwards in recent weeks, but rates are still below November’s prices.

In London, where prices are at their highest, Savills is predicting a 14.2% rise in prices over the next five years, while in the north-west of England and Yorkshire and the Humber, where prices are lower, it is suggesting growth could be about double that.

Separate figures from the rival estate agent Knight Frank show prices in London’s most expensive postcodes have fallen by 2.6% over the past year.

It said despite a large proportion of cash buyers, sales in prime central London markets “have not been immune to the pervading mood of hesitancy” caused by fluctuating mortgage rates.

Tom Bill, the head of UK residential research at Knight Frank, said: The close relationship between the cost of borrowing and demand in recent months is evident across the whole of London. The number of offers made was 14% below the five-year average (excluding 2020) in April, underlining how demand has weakened.”

 

credit: theguardian.com

Richard Carr, Fortitudo CEO, stated ’Construction is due to start imminently, and the project is anticipated to be completed in readiness for student university intake in September 2025. We are very excited about our move into the PBSA market which we have been working on for 24 months, we will bring a new dimension to student living giving much more comfort safety and independence to each of our “LUX” developments.’

”The housing market continues to adjust to higher mortgage rates. Sales volumes are rising and house prices are flat.

What the market needs most is continued price stability which will create the environment for continued growth in sales.”

 

Seller discounts narrow in spring 2024 as more sales are agreed. Momentum is growing in the housing market and house prices don’t need to fall further to support the continued recovery in sales.

  • Seller discounts narrow from £14,250 to £10,000 on average

  • Number of sales agreed up 9% on this time last year

  • 20% more sellers are putting their homes on the market

Interest rate futures on Monday fully priced in a first quarter-point interest rate cut by the Bank of England for August and see two rate cuts before the end of the year, an earlier start to cuts than priced in last week; potentially good news for many mortgage borrowers.

Rate futures yesterday morning showed 25 basis points of cuts priced in by the BoE’s 1 August meeting and 54 bps by 19 December, compared with Friday afternoon pricing of 17 bps and 42 bps.

Last week financial markets trimmed expectations for BoE rate cuts in response to slightly higher than expected British inflation and a shift in expectations for cuts by the U.S. Federal Reserve.

However, late on Friday, BoE deputy governor Dave Ramsden said he now viewed it as possible that inflation in Britain was on track to fall to and stay at its 2% target, lower than earlier BoE forecasts.

He said “For me the balance of domestic risks to the outlook for UK inflation, relative to the February MPR (Monetary Policy Report) forecasts, is now tilted to the downside, with a scenario where inflation stays close to the 2% target over the whole forecast period at least as likely.”

The Bank’s forecast covers the next three years. “This leaves the UK as less of an outlier and more of a laggard in terms of recent inflation performance, and one that is now catching up quickly,” he added.

The Monetary Policy Committee (MPC) will hold its next meeting in May, but it is not anticipated to begin cutting interest rates until later in the summer.

The Spring home-moving season is already warming up, with a surge of new sellers coming to market the day before the four-day Easter break.

Thursday 28th March saw the highest number of new properties listed for sale on Rightmove so far this year. It was the third biggest day for new listings since August 2020, with Boxing Day in 2022 and 2023 being the only days with more homes coming to market in one day.  

There were 45% more homes added to Rightmove on Thursday 28th March than the previous Thursday.

Lenders are predicting a busy quarter for supply and demand of mortgages.

The Bank of England’s latest Credit Conditions Survey showed lenders reported that availability of secured credit to households increased in the three months to the end of February and is expected to rise in the run up to the end of May.

Additionally, lenders reported that demand for secured lending for house purchase and remortgaging increased in the first quarter and is expected to rise during the second.

Respondents to the Bank of England survey suggested pricing would be pretty flat, but they did also highlight that defaults are on the rise.

Simon Gammon, managing partner at Knight Frank Finance, said: “Demand for mortgages to buy homes has been rising since the new year and momentum will continue to build into the summer.

“Fairly hot inflation figures at the beginning of the year and the subsequent uptick in mortgage rates knocked sentiment, but the property market recovery is still on track. Many people put off moving while the economic outlook was so uncertain but there’s a real sense now that buyers want to move on.

“Mortgage rates are now holding steady and whether they fall further will hinge on inflation continuing to ease and the degree to which the Bank of England feels confident to begin cutting the base rate in June.”

Rics survey for March reports highest level of buyer inquiries in two years although sales were slightly down month-on-month.

 

UK estate agents are becoming increasingly optimistic about the housing market, reporting a third consecutive monthly rise in demand as prices have stabilised, according to a closely watched survey.
The Royal Institution of Chartered Surveyors said its members had seen an increase in new inquiries in March. The difference between the percentage of estate agents reporting a rise in buyer interest versus those recording a drop climbed to 8 points, double the reading of the previous month and the highest reading since February 2022.
The survey also found sustained improvements in the outlook for house prices with that index reaching 38, up from 36 in February and the highest level since June 2022, while supply continued to rise with a fourth consecutive positive reading for new listings.
“Demand continues to recover gradually across the UK housing market, with new buyer inquiries rising for a third month in succession,” said Tarrant Parsons, senior economist at Rics.
“With the inflation backdrop turning a little less difficult of late, this has led to expectations that the Bank of England will be able to start lowering interest rates later in the year. This should continue to support the market to a certain degree going forward,” he added.

A pre-Easter bank holiday surge in properties coming on the market has been recorded by Rightmove.

The property portal said the Thursday immediately before the Easter bank holiday weekend was the biggest day for new home-sellers coming to market so far this year.

Thursday March 28 2024 was also the third biggest day for new property listings since August 2020, with Boxing Day in 2022 and 2023 being the only days with more properties coming to market in one day, Rightmove said.

The annual rate of house price growth edged higher to 1.6% in March, from 1.2% in February, according to the latest Nationwide House Price Index.

Northern Ireland was the best performing region, with prices up 4.6%; while the South West was  weakest performing region, with prices down 1.7% over the year.

Net mortgage approvals for house purchases rose from 56,100 in January, to 60,400 in February,

according to the latest data from the Bank of England.

Net approvals for remortgaging also increased, from 30,900 to 37,700 during this period

and the ‘effective’ interest rate – the actual interest paid – on newly drawn mortgages fell by

29 basis points, to 4.90% in February.

Sales market activity continues to improve

All the primary measures of sales market activity continue to show positive, upward momentum.

New sales agreed are 9% higher than a year ago, with 7% more home sales agreed over Q1 2024 than over Q1 2023.

This trend is encouraging more sellers to bring their homes to market.

The average agent had 11% more homes on the market in the last 4 weeks than they did this time last year.

Overall, there are a fifth more homes for sale than last year.

The latest data from HMRC shows that on a seasonally adjusted basis, residential transactions in February show a second consecutive month-on-month increase, rising 1% from 81,930 in January 2024 to 82,940 in February 2024.

However, year-on-year, seasonally adjusted residential transactions remain 6% lower than in February 2023 and non-seasonally adjusted transactions are down 3%.

Commenting on the latest numbers Jackson-Stops chairman Nick Leeming said: “Whilst today’s figures show signs of stability, recent falls in inflation and the expectation that the Bank of England will cut the base rate in May is paving the way for a spring bounce.

“Home movers are 17% more active than this time last year according to our own national network of offices, indicating a potential uplift to come in the months ahead. The return of sub-4% mortgage rates and a notable uplift in supply is giving buyers greater choice, and affordability is also expected to further improve as the year progresses”.

Housing market activity has increased significantly in recent months, despite property prices remaining flat, according to the latest market figures published by Zoopla.

March’s property data from the online sales platform shows that price falls are significantly reducing, with annual house price inflation at -0.3%. This contrasts with a figure of -1.4% in October 2023.

Zoopla’s figures show this is stimulating market activity, with sales 9% higher in March than a year ago. In total, there were 7% more home sales agreed in the first quarter of this year, compared to the same quarter in 2023. 

Zoopla says this trend encourages more homeowners to put property on the market, with the stock of homes for sale now up by 20%. In total, Zoopla says the average agent has had 11% more homes on their books in the last four weeks than at any time over the last year. 

Overall Zoopla says that house prices are ‘firming’ but not set for faster growth. 

SHOW HOME OPEN DURING EASTER WEEKEND!

Book your viewing at sales@fortitudoproperty.com 90% sold out!

Vespasian is a collection of 1 & 2-bedroom homes and ground floor commercial space located on the famous Poole Quay.

The site benefits from being in the heart of Poole Quay and has direct links to transitions and Poole Town Centre.

Offering a wealth of amenities on your doorstep and a range of outdoor pursuits within minutes, Vespasian is well positioned for all walks of life.

These high specification apartments benefit from a vibrant quayside location and superb views as well as eco-friendly air source heat pumps.

With open plan kitchen, living and dining areas, some with balconies and parking, these apartments make for a perfect first home.

SHOW HOME OPEN DURING EASTER WEEKEND!

Book your viewing at sales@fortitudoproperty.com

Introducing our breathtaking new four-bedroom homes at Skylark, Calypso, and Skyliner!

With sleek modern design, spacious open-plan interiors, luxury fittings, and enviable locations,

these homes are truly impressive. Living well is effortless with these inspirational and welcoming

spaces that capture light and create magical moments. Experience luxurious comfort like never

before with expansive windows and high-spec fixtures that come together to create incredible

living spaces. Don’t miss out on the opportunity to make one of these incredible homes yours!

SHOW HOME IS OPEN DURING EASTER WEEKEND!

Book your viewing by contacting us at sales@fortitudoproperty.com

With our creative vision and meticulous attention to detail we unlock the highest potential of every site we develop – and Sandbanks Road is no exception.

These exceptional four-bedroom homes, with their sleek modern design, spacious open-plan interiors, high-spec luxury fittings and fixtures,

and enviable location are not just impressive and inspirational, but welcoming and comfortable. Here living well is effortless, whether you’re entertaining,

working, enjoying family time, or just relaxing. Taurus, Blue Corral & Delia embody luxury, capture light, epitomise comfort, and create magical moments.

Every feature, be it the expansive windows, the flow of the open-plan living spaces, or the super high-spec fixtures,

comes together to create the incredible home you deserve. It’s time to begin your next chapter – the best one yet.

Fortitudo presents Bruscia,

9 Luxury apartments and a penthouse.

Designed and constructed to the exact thing Fortitudo standard.

Get ready to witness the perfect blend of luxury and elegance in this stunning development. Stay tuned for updates as we embark on this incredible journey!

Housing market performance

Meanwhile, last week Bank of England data showed a 7% increase in seasonally adjusted mortgage approvals, bringing them back to 84% of a normal pre-pandemic market. The average mortgage rate on new lending fell to 5.19% in January, down from 5.34% in November.

While lagged completed housing transaction figures remained subdued in January, more up to date indicators reflect an uptick in activity in the first two months of this year. This pick-up in mortgage approvals reflects more stability in the mortgage markets in the early part of the year and an easing in the cost of fixed rate mortgages.

Real time data from TwentyCi indicates that the improvement in underlying housing market conditions continued in February, following an increase in new buyer enquiries in the most recent RICS housing market survey.

Activity levels were 13% above the pre-pandemic average, even accounting for slightly higher-than-normal fall-through rates and the fact that some lenders increased the costs of their fixed rate mortgages back to where they were at the beginning of the year.

The biggest uptick in activity was in the £300,000 to £500,000 price band, where activity levels in the month were 33% up on the same time last year, while those above £1m rose by 27%.

However, that same data suggests that the market remains price sensitive, with the number of changes in the asking price of property on the market 56% above the 2017-2019 norm.

That means that while activity levels are rising, we shouldn’t be getting carried away with headlines of a return to annual price growth in the UK housing market as reported by the Nationwide. At the same time, annual rental growth continues to moderate, with Homelet suggesting that it stood at 7.4% at the end of February, down from over 10% in September of last year.

House prices post the largest rise in 17 months: E.surv

 

Average UK house prices stood at £363,249 in February, rising 0.8%, or £3,000 from the previous month, posting the largest price rise in in 17 months.  

This monthly increase is the largest since September 2022, although prices are 2.9% lower than a year ago, according to data from e.surv Acadata House Price Index.  

But the annual decline in February still represents a near 1% gain over the 3.8% annual fall in January, the study points out.  

E.surv director Richard Sexton says: “The tight supply is playing a part in this bounce back, coupled with improved affordability as borrowing rates have fallen and average wages growth.  

Vespasian is a collection of 1 & 2-bedroom homes and ground floor commercial space located on the famous Poole Quay.

The site benefits from being in the heart of Poole Quay and has direct links to transitions and Poole Town Centre. Offering a wealth of amenities on your doorstep and a range of outdoor pursuits within minutes, Vespasian is well-positioned for all walks of life.

These high-specification apartments benefit from a vibrant quayside location and superb views as well as eco-friendly air source heat pumps. With open-plan kitchens, living and dining areas, some with balconies and parking, these apartments make for a perfect first home.

UK mortgage approvals surge to highest level since October 2022!

Zoopla reports more buyers, sellers and sales in the busy start to 2024.

The property market is rallying according to Zoopla, with an untick in the number of buyers and sellers resulting in more sales this month.

 

Credit: Zoopla

With our creative vision and meticulous attention to detail we unlock the highest potential of every site we develop – and Dorset Lake Avenue is no exception.

These exceptional four-bedroom homes, with their sleek modern design, spacious open-plan interiors, high-spec luxury fittings and fixtures, and enviable location are not just impressive and inspirational, but welcoming and comfortable. Here living well is effortless, whether you’re entertaining, working, enjoying family time, or just relaxing.

Skylark, Calypso & Skyliner embody luxury, capture light, epitomise comfort, and create magical moments. Every feature, be it the expansive windows, the flow of the open-plan living spaces, or the super high-spec fixtures, comes together to create the incredible home you deserve.

It’s time to begin your next chapter – the best one yet.

This exclusive development of 14 one and two-bedroom apartments sits on the prestigious, Chewton Farm Road in Christchurch, right on the Hampshire and Dorset border.

Nestled on the outskirts of Highcliffe, the local beaches and amenities are all within close proximity. Bordeaux epitomises luxurious living with perfect positioning to enjoy both the countryside and coastal location. Christchurch, Brockenhurst and the picturesque seaside town of Lymington are all close by and ready to explore.

With the New Forest on your doorstep, the beach a short stroll away, and plenty of local amenities such as The Chewton Glen Hotel & Spa, numerous pubs, restaurants and shops, Bordeaux really is the perfect place to live!

Bordeaux features high-quality, modern interiors, synonymous with all Fortitudo homes.

This exclusive development of 14 one and two-bedroom apartments sits on the prestigious, Chewton Farm Road in Christchurch, right on the Hampshire and Dorset border.

Nestled on the outskirts of Highcliffe, the local beaches and amenities are all within close proximity. Bordeaux epitomises luxurious living with perfect positioning to enjoy both the countryside and coastal location. Christchurch, Brockenhurst and the picturesque seaside town of Lymington are all close by and ready to explore.

With the New Forest on your doorstep, the beach a short stroll away, and plenty of local amenities such as The Chewton Glen Hotel & Spa, numerous pubs, restaurants and shops, Bordeaux really is the perfect place to live!

Bordeaux features high-quality, modern interiors, synonymous with all Fortitudo homes.

Housing market shows early signs of upturn

The latest Property Watch report from e.surv shows the UK housing market has exhibited surprising resilience in the early months of 2024, driven by pent-up demand, favourable mortgage rates, and improving buyer sentiment.

Step into the epitome of elegance.

Behold the grand unveiling of our latest luxury masterpiece, where every corner whispers opulence and every detail echoes perfection.

Exclusive. Elusive. This is not just a home; it’s a statement.

Coming soon!

For more details head to our website fortitudoproperty.com or call

01202 233279

UK house prices rise for fourth consecutive month, says Halifax

UK house prices rose for the fourth consecutive month in January to their highest level since October 2022, adding to signs of stabilisation in the property market as mortgage rates ease.

Save the date! 24th and 25th of February 2024 between 11 am and 3 pm

Step into the epitome of elegance at our exclusive Show Home event.

Discover the future of luxury living as we unveil our latest masterpiece.

Join us for an unforgettable experience where sophistication meets innovation.

House prices begin 2024 on a more upbeat note UK house prices rose 0.7% month on month in January

credit: Nationwide Building Society

Join us for a First Time Buyer Event at Vespasian, Poole Quay!

See our new Marketing Suite and a few remaining units on Thursday 8th February between 5.30 pm and 7 pm.

Attended by Hearnes Estate Agents – Poole, Savills, Dutton Gregory Solicitors and Bluechip Financial, experts are on hand to answer your questions.

Contact us today at 01202 233279 or sales@fortitudoproperty.com for further information.

We feel incredibly grateful for the fantastic experience at the Luxury Property Show in Shanghai!

It was an absolute honour presenting our developments. The positive response and enthusiasm from visitors were truly inspiring.

Thank you to everyone who stopped by to learn about our exquisite properties. Your appreciation means the world to us 🌍🌟

#LPSChina#LuxuryRealEstate#LuxuryPropertyShow#Fortitudo#LiveBetterLiveFortitudo

🔑 An elite development of three four-bedroom contemporary homes by Fortitudo in Lilliput, setting new standards in luxury living.

With a choice of balconies or terraces on each floor, the crowning glory is the private roof-top terrace, complete with a hot tub & harbour views adjacent to Salterns Marina.

Please send your enquiries to sales@fortitudoproperty.com or through our website.

📍Salterns Way, Poole

#Fortitudoproperty#LuxuryProperty#HotTub#Sandbanks#Poole#Development#InteriorDesign

UK mortgage approvals rose more than expected in October, according to official figures published on Wednesday that point to a stabilisation in the property market after a prolonged period of low house sales.

Bank of England data showed that net mortgage approvals for house purchases rose to 47,400 in October from 43,700 in September.

The number was well above economists’ expectations of 45,000 and the highest since July, but about 28 per cent below its level in October 2019, before the pandemic.

Net approvals for remortgaging increased to 23,700 from 20,600 in the same period.

Mortgage approvals provide a timely measure of the housing market’s health, which affects the broader economy via house-related spending and household confidence.

credit: Financial Times

🚨Exciting News! 🚨
Fortitudo is going global at the Luxury Property Show in Shanghai in December 2023! 🌍✨
We are thrilled to announce that our company is expanding its horizons and showcasing our commitment to delivering the best quality design and building globally.
At Fortitudo, we work with the best in the industry, including consultants, designers, planners, property law experts, and development pioneers.
Our network of connections ensures that we can turn your requirements into the home and aspirational lifestyle of your dreams. Stay tuned for updates as we embark on this incredible journey!

Have a Classic Car? Motorcycle? Boat or Jet ski to store throughout the winter months?

Self contained, lockable, private storage with parking available

Please contact storage@fortitudoproperty.com or 01202 233279 for further details

Reserve at Bordeaux, Highcliffe before 31st August 2023 and receive 2 years energy and council tax costs covered by Fortitudo.

These stunning homes are available to purchase with Assisted Move and Part Exchange options.

Call 01202 233279 for more information

#Fortitudo #Fortitudoproperty #Property #Developer #Propertydeveloper #Newhomes #Propertyinvesting #Propertymarket #RealEstate #Firsttimebuyer #Secondhomes #property2023 #Contactus #Residential #Residentialproperty  #energy

Fortitudo Limited are excited to announce a new partnership with Smas Worksafe (Safety Management Advisory Services).

Smas Worksafe, specialise in Health and Safety (H&S) accreditation, that allows organisations like ourselves, to demonstrate that we are H&S compliant. This helps gives organisations that work with us piece of mind on having a safe workplace and gives them the extra confidence in doing business with us.

Ricky Couding, Head of Commercial at Smas Worksafe commented: “We’re so proud to be the SSIP scheme of choice for all of Fortitudo. Their focus on safe, sustainable and quality home building aligns perfectly with our philosophy of creating Health & Safety excellence in the world of construction. We’re excited to start on this journey with them.”

Here at Fortitudo, we promise to always deliver the best quality design and build, which is why we always make sure we work with the best and provide the best and safest workplaces for everyone.

We are excited to announce that we have submitted an application for a new drive-thru development in Barrack Road, Christchurch!

In the meantime, why don’t you take a look at our upcoming developments? Click HERE.

Progress update for Churchill Business Park!

The construction is really coming together! In fact, Block A’s flooring has been poured and waiting to be completely set and dry! Next week the dividing walls will be added in!

Are looking to start or even expand your business and need a unit, then book a viewing today: sales@fortitudoproperty.com

The TITAN Property Awards program recognizes, celebrates, and honors the highest levels of achievement in property development, interior design, architecture, landscape design, real estate, and marketing, focusing on ergonomics, innovativeness, living standards, originality, and sustainability. In the awards, each professional from the real estate industry possesses a stage that continues to shine a spotlight onto their work for both country and environment.

For the 2023 awards, Richard Carr successfully won the TITAN Gold award of the competition. Fortitudo Limited created this pivotal piece which brought him this creditable triumph.

Corsica is truly a masterpiece, with historical recognition to the Martello Towers, it has its own story and characteristics! Which is why I am honoured that it has been recognised for its innovative interior and exterior designs. A huge thank you to the judges for allowing us to achieve the TITAN Gold Award.” Richard Carr, CEO

“It is with great pleasure that we honor the exceptional winners of the TITAN Property Awards, whose innovative and dynamic contributions have set a new benchmark for excellence in the industry.” claimed Thomas Brandt, the spokesperson for IAA. “These visionary winners inspire and empower all of us to ascend the property industry with dedication to excellence, representing TITANs that the jurors sought after.”

The TITAN Property Awards expresses its pride in honoring the very best in property excellence, alongside a group of distinguished industry leaders to serve as honorary jurors for its latest season. The jurors, including Tiago do Vale (Portugal), Lichen Ding (China), Brian Hoehl (Netherlands), Kourosh Salehi (United Arab Emirates), Yan Hongfei (China), and others, oversee the entire evaluation process to ensure that the highest standards are maintained and impartial, blind judging is enforced.

“Join me in celebrating the TITAN winners, who inspire excellence in the entirety of the property community, as their global recognition benefits both past and present winners through increased industry awareness and consumer trust.” said Thomas. “Let us look towards the horizon of the property industry’s future with enthusiasm, anticipation, and a firm commitment to innovation, sustainability, and inclusivity, knowing that the best is yet to come.”

Please click here https://thepropertyawards.com/winner-info.php?id=2160 to view Corsica, Martello on the the dedicated Winner’s Page.

 

 

 

 

This week has seen the resubmission of the planning application for the redevelopment of the FJB Hotels in Sandbanks and Canford Cliffs. Following the special committee meeting on the 13th of July 2022, Fortitudo have addressed the concerns over wave-over topping and the perceived flood risk at the Haven Hotel site and have provided updated reports and information within the new application.

 

With the newly gathered data, Fortitudo hope that the issues raised by the planning committee last year will be satisfied and the development can be approved.

 

Richard Carr, CEO of Fortitudo, has worked very closely on the proposed development and has said, ‘The granting of this application will bring about the regeneration of the coastline and the tourism offering in Poole with 2 new, high specification hotels with world class amenities as well as a state-of-the-art residential development on the Haven Hotel site. All three proposed buildings will comply with Fortitudo’s new ‘Carbon Negative’ initiative in their demolition, construction and operation, replacing older, less energy efficient buildings. The development will be a great benefit also to the local population as many of the amenities will be open to them including much-needed, new restaurants and spa facilities.’

Exciting announcement!

With the demolition completed, we are pleased to share the construction of the 12 apartments on Upton Way have started!

The homes will be split into two blocks of 6 and named Wallace House and Russel House, in recognition of Alfred Russel Wallace, the world-renowned biologist and explorer!

To find out more, visit: https://fortitudoproperty.com/

Yesterday, Skipton Building Society launched a new, no-deposit mortgage product aimed at those in long-term rent and first-time buyers in an encouraging step to make homeownership more accessible. The product is already proving popular and allows buyer with a good credit history purchase a home deposit free and without a guarantor.

‘We can really see the benefit of this type of product entering the market now that Help to Buy has ended, leaving many renters and first-time buyers with no assistance when buying a home. We have highlighted the point in our marketing previously that, in our area, buying a home is cheaper than renting one. Now, with this product, home ownership is cheaper and more achievable for many people, which can only be a welcome thing.’ Said Jack Newland, Head of Sales at Fortitudo.

Read more:   https://propertyindustryeye.com/the-return-of-no-deposit-mortgages-could-prove-a-lifeline-for-buyers/

Contact us today to find out how we can help you: sales@fortitudoproperty.com

Happy Coronation Day from Fortitudo!

Following on from the success at Churchill Business Park, Poole, we are excited to share that we have recently exchanged contracts and are due to submit a detailed planning application shortly for 76 light Industrial Units in Yate, along the M5 corridor!

More information to follow soon!

CEO, Richard Carr, has set a goal for the team at Fortitudo to move the Company away from the mindset of Carbon Neutral and move developments to a Carbon Negative footing.

‘We in the development Industry are consistently being reminded of embedded carbon in buildings that we wish to demolish, so we have started this new journey. This is the latest part of our Carbon journey after stopping installing gas boilers in 2017.’

During the demolition phase of Fortitudo’s latest development, Merchants Quarter, large efforts have been made to reduce the scheme’s carbon footprint, focussing on embedded carbon.

Embedded carbon is the carbon dioxide (CO₂) emissions associated with materials and construction processes throughout the whole lifecycle of a building or infrastructure. With this in mind, a careful and considered demolition process has allowed for the reclamation and reuse of a number of materials that formerly made up the Trethowans office on Longfleet Road in the Centre of Poole. At present, over 300,000 bricks have been cleaned of lyme mortar and are available for reuse, fireplaces throughout the building have been reclaimed and roof slates have been hand removed and are ready to be used on other projects.

Fortitudo have always had a focus on the operational carbon of their homes, the carbon that comes from energy, heat, lighting, etc, with the installation of air source heat pumps, EV charging points, solar panels and sustainable urban drainage systems across their developments, but a more considered approach to demolition is a huge stride towards a carbon negative development.

Reserve you Churchill Business Park Commercial, Magna Road unit…now!

After being not only Internationally recognised but taking first place at the International Property Awards for “Best International Commercial and Manufacturing Development”; Churchill Business Park is now on the market and ready for reservations!

With 48 brand new industrial warehouse units available and ready for occupation in Q4 2023. Churchill Business Park units range from 1,501 sq ft – 22,560 sq ft and span over 2 floors each. Starting at £325,000, all units come with parking and the Canford Magna location makes it incredibly easy, with central access to the surrounding areas such as: Poole, Parkstone, Wimborne Minister, Ferndown, Winton, Broadstone, Lytchett Matravers and Bournemouth.

Reserve your unit now by making reservations online. Click your desired unit and follow through to the reservation form. Equally please contact us with any questions by calling 01202 233279 or email us on sales@fortitudoproperty.com

 

The Savoy Hotel, London hosted the International Property Awards last night, in which Fortitudo were shortlisted for a number of awards.

Corsica was crowned Europe’s Best Apartment, beating impressive entries from Turkey, Greece and Spain to the top spot.

Churchill Business Park was also crowned the best in Europe for Commercial and Manufacturing Development as well as taking home the highest accolade in the category and being named the World’s Best Development in its field.

Fortitudo CEO Richard Carr described the international recognition as ‘thrilling’ upon hearing the news of the success.

Thank you to The International Property Awards for such a memorable evening!

To continue our series of introducing the key sites of 2023, we present Wallace House…

Arranged in two buildings, comprising 4 floors, Wallace House will be home to 12 luxury two-bedroom apartments. Situated in a sylvan setting, the properties will benefit from communal and private outdoor space as well as parking for each home.

The interior of the apartments are as tranquil as the exterior, with luxury fitted kitchens and bathrooms, accompanying a neutral, calming colour scheme, these apartments are perfect for anyone who seeks a luxury and peaceful lifestyle.

Please contact us for further information.

Today at the Bournemouth, Christchurch and Poole planning committee meeting, Fortitudo secured a resounding outline approval for the development on Glen Fern Road.
The scheme was valiantly supported by the Bournemouth BID, Ward Councillor Mike Greene and Fortitudo CEO Richard Carr, overturning the planning officer’s recommendation for refusal and paving the way for an 8 votes to 5 success, in favour of granting the development permission.
The approved scheme will bring forward 494 new homes to the centre of Bournemouth as well as a wide range of leisure facilities and a new 104 bedroom hotel. Richard Carr, CEO of Fortitudo said, “This is a pivotal moment in our journey to regenerate Bournemouth town centre. The next milestone for Fortitudo and our joint venture partner, Interceptor Opportunities Limited, is to get this delivered.”
During the debate amongst councillors, the scheme was called ‘a lifeline’ as well as being likened to the ‘Sydney Opera House’, with many labelling the scheme ‘iconic’ and highlighting its ability to become a focal point of the town.

Ever wondered just how close Vespasian is to the waters of Poole Harbour, Dorset?

We strolled from the site entrance right to the edge of the Quay and it took no time at all to cover the 60 metres!

Our show home and sales suite is now open and taking bookings!

Vespasian, East Quay Road, Poole, BH15 1FG

Please contact us on:

01202 233279

sales@fortitudoproperty.com

 

Construction pushing on at Churchill Business Park, despite the mud!

Our development of 48 commercial/industrial units is on track and ready for occupation later this year!

With prices from £325,000, the units present a brilliant opportunity for businesses to expand, branch out or relocate close to the arterial roads for the area.

SIPPs and SSAS purchase options available – contact: 01202 233279 or sales@fortitudoproperty.com

 

We are incredibly excited to welcome in the New Year with some impressive developments on the horizon.

Following on from the success that 2022 brought us, we are looking forward to bringing you more cutting-edge and record-breaking developments throughout 2023. From the pinnacle of luxury in Sandbanks to tree-lined avenues in Broadstone and cosmopolitan living in both Poole and Bournemouth town centres.

These are just a snippet of what is to come from Fortitudo over the next 12 months, always with the focus on building high-quality homes across the most desirable locations on the South Coast of England.

Following our success at this year’s UK Property Awards, scooping 10 accolades, Fortitudo are delighted to announce that we have also won 2 top awards on the European stage.

Corsica, Martello Park, Poole has won Best Apartment/Condominium in Europe, beating 9 other entries across the UK and Europe. Churchill Business Park, Magna Road, Poole has won Best Commercial/Manufacturing Development in Europe, coming out on top against rival developments across the UK and Europe.

The awards ceremony takes place on February 2nd 2023 at The Savoy Hotel, London, where there will be an opportunity to take home the World’s Best titles for both developments. Fortitudo CEO, Richard Carr said,’ I am truly delighted to have achieved this accolade and it makes all the hard work by the team at Fortitudo worthwhile’.

Fortitudo has seen the commencement of works at their most recent commercial development, Churchill Business Park this week with groundworks company Gracelands on site.

The site was acquired in February 2022 and suffered a setback when the original contractor, Woodmace, entered administration.

The news of activity on site is welcome and shows that despite perceived market conditions, the introduction of 48 brand-new, light industrial units has proven very popular amongst purchasers, with Fortitudo seeing more than 30% of Phase 1 already reserved or exchanged. Located on Magna Road, the site gives easy access to the area’s main arterial roads and is due to be built by Autumn 2024.

Please contact Fortitudo at 01202 233279 or sales@fortitudoproperty.com for further information.

We are very proud to have won numerous awards this year at the United Kingdom Property Awards – an excellent achievement for Fortitudo:

  • Apartment/Condominium, for Dorset with Corsica
  • Commercial & Manufacturing Development, for Dorset with Churchill Business Park
  • Commercial & Manufacturing Development, for Somerset with Artillery 88
  • Developer Website, for the United Kingdom
  • Residential Development 10- 19 Units, for Dorset with Bordeaux
  • Residential Development 2-9 Units, for Dorset with Salterns Way
  • Residential Development 20+ Units, for Dorset with Merchants Quarter
  • Residential Renovation / Redevelopment, for Dorset with Vespasian

Fortitudo and Elizabeth Warburton visit Corsica to explore the completed development in stunning Canford Cliffs. Famous for our incredible attention to detail, we are extremely proud of the homes we have created. Quality consistently shines throughout Corsica with Gaggenau appliances, Porcelanosa tiles, and mouth-watering views.

Click here to watch now!

Fortitudo and Elizabeth Warburton revisit Vespasian situated on Poole Harbour to see how the development has progressed. A very alive and active site, individual apartments have been formed, and we take a first look at the kitchen in the show apartment. Click here to watch.

Due to the success of phases 1 and 2 we’re launching phase 3 early!

If you’re interested in owning a luxury apartment, located alongside Poole’s famous waterfront, contact Fortitudo on 01202 233279/sales@fortitudoproperty.com or Savills on 01202 287966/vespasian@savills.com.

Help to Buy is also available. Click here for prices and further information.

We’re excited to be able to share the first look inside Vespasian on Poole Quay with a virtual reality tour. The 64 apartments are light, spacious, and impactful. Click here to look around and find out more.

We are happy to announce that Fortitudo has completed the purchase on 3.6 acres of industrial land at Magna Park, Bournemouth. Building work will start imminently to create 48 new industrial units.

Last week we celebrated the final floor being added to the structure at Vespasian in Poole Quay with an exciting topping out ceremony. A proud moment for the Fortitudo team, we’re pleased to be one step further in bringing forward an iconic development to Poole Quay’s waterfront.

Click here to learn more.

Elizabeth Warburton interviews CEO, Richard Carr to discover Vespasian, a 64-apartment development with one retail unit. Watch the site emerge with real footage of the successful build sitting right on the waterfront of Poole’s historic Quay. Known for its natural beauty and amenities, it’s an attractive and lively location. Not only will the apartments make great holiday homes but they offer an attractive price point suitable for first-time buyers. Click here to watch.

In the third episode of Introducing Corsica, Elizabeth Warburton visits site to view its building progress and chats to our head of Sales, Jack Newland to get the latest. As the build and layout come together, it’s obvious that Corsica’s high specification, forward-thinking features and stunning views create extraordinary homes in a location that speaks for itself. Click here to watch now!

In the third episode of Introducing Corsica, Elizabeth Warburton visits site to view its building progress and chats to our head of Sales, Jack Newland to get the latest. As the build and layout come together, it’s obvious that Corsica’s high specification, forward-thinking features and stunning views create extraordinary homes in a location that speaks for itself. Click here to watch now!

Happy Christmas… have a merry tipple on us!

Fortitudo are proud to announce that we have completed the purchase of 17 Hinton Road, Bournemouth. Planning has been secured by Fortitudo for 40 one and two-bedroom apartments with a fitness room and swimming pool for residents’ use. This is one of seven sites starting construction in the first quarter of 2022. It’s going to be a busy year!

Fortitudo sweep the UK Property Awards by taking 5 honours, winning in every category they entered.  The winning entries included;

– Residential Development, for Dorset given to Vespasian, Corsica and The Cross in Poole

– Residential Interior Show Home, for South West given to The Grove in Kings Worthy

Blackbird Homes Limited, Fortitudo’s sister company that specialises in smaller, more boutique developments has also won an award in the category of:

– Residential Renovation/Redevelopment, for Dorset with Wilson Court in Poole

Fortitudo has acquired a superb opportunity in Bath which has detailed planning consent to deliver 25 apartments. This is Fortitudo’s first venture in the historic city and we are very excited to bring forward a development in a new area. Work is due to commence in early 2022.

Fortitudo are delighted to have acquired The Kings Arms pub in Longham, with a planning application due to be submitted shortly for a new residential scheme. Development proposals will be released soon!

We are pleased to announce that we have completed the purchase of 20 Chewton Farm Road in Christchurch. The scheme will compromise of 14 luxury apartments with secure basement parking, designed to complement the tree-lined, highly sought after location at the entrance to the Chewton Glen Hotel & Spa. Planning was secured by Fortitudo back in December 2020 and construction is due to start soon.

Fortitudo has secured planning for 6 two-bedroom apartments on the corner of Herbert Avenue and Ringwood Road in Poole. The vacant site fell into a dilapidated condition following the closure of the convenience store that previously operated from the property, and since then has been subject to anti-social behaviour.

Construction will begin in the coming months, with the high-specification apartments being available on the Help to Buy scheme.

Fortitudo has appointed Acheson Construction to build our first industrial development consisting of 27 new industrial units situated on Lufton Trading Estate in Yeovil. A renowned construction company, we hope this will be the start of a long working partnership.

Click here to watch an impressive time-lapse video capturing site set up and tower crane erection at Vespasian on Poole Quay. Our contractors have been busy piling foundations and installing ring beams, have raised the levels for flooding and started the concrete frame. We can’t wait to see its progression, watch this space…

We’re pleased to announce that Fortitudo has exchanged contracts on 3.6 acres of industrial land in Bournemouth. The site is part of Magna Park, just off of Magna Road and will compromise 48 industrial/business units. This is the second industrial site we have acquired following great success in Yeovil for a 27 unit scheme.

Fortitudo is happy to share that we have completed on Artillery 88 in Yeovil with plans approved for 27 self-contained commercial units with allocated parking.

Our CEO Richard Carr invites Elizabeth Warburton from Property London to take a look around the Fortitudo office. The pair discuss topics ranging from Richard’s first development over 40 years ago to the history behind our sites and their corresponding names.

Fortitudo were so excited to invite Elizabeth Warburton from Property London, down to Poole, to show how we’re getting on at our luxury Canford Cliffs development. You can really see why we love the South Coast so much. Work is happening quickly so stay tuned for more updates.

The steel structure is now complete at Martello Park, using the one and only British Steel.

Fortitudo is proud to say we are one of the first developers to use underground bins, keeping the pavements around our Parkstone development, Wilson Court, much tidier.

Fortitudo hit practical completion today at Wilson Court, our development in Parkstone, and we think it looks great.

Filming has started on the first section of our 3 part docuseries around our luxury development, Corsica. We are so excited and can’t wait to see the finished result. Thanks to Property London and Elizabeth Warburton.

Fortitudo are excited to announce that we have submitted planning for an 8-storey apartment building comprising of 122 one and two-bedroom apartments, in the centre of Poole.