Property media watch – Wednesday 25th March

. by James Laurence Estate Agents

Reading time: 2 Minutes

Wednesday 25th March 2015, Property media watch:

 

 

Today’s local stories in the property world:

 

 

 

West Midlands awarded £39m to spend on road repairs – The Business Desk

 

“The West Midlands has been awarded £39m from the Government to spend on urgent road repairs. The cash has been won by the West Midlands Integrated Transport Authority (WMITA) following a bid to the Department for Transport. The money means a total of nearly £90m – which includes £4.9m from West Midlands local authorities – will be spent on improving 211 miles of major roads across the region over the next six years. This is on top of the annual £16m the region receives each year from the government for road maintenance, therefore more than doubling the amount to be spent on maintaining major local roads between now and 2018.”

 

Jaguar Land Rover set for further massive investment in West Midlands – The Business Desk

 

“Vehicle manufacturer Jaguar Land Rover is set to make a further massive investment into production facilities in the West Midlands. The Indian-owned company is to invest more than £450m into Jaguar production at its plant in Castle Bromwich while it is also spending £400m improving its research and development facilities at its Coventry headquarters. The move comes as the company unveiled its latest new product – the all-new Jaguar XF – in a spectacular high-wire stunt over the Royal Dock in London’s Canary Wharf. While the company has yet to officially confirm the new investment – or the scale of new jobs that could be involved – the industry has been buzzing with the news for a while.”

 

UK property prices up 8.4% year on year – Property Wire

 

“UK house prices increased by 8.4% in the year to January 2015, down from 9.8% in the year to December 2014, according to the latest index. House price annual inflation was 8.5% in England, 4.9% in Wales, 7.8% in Scotland and 7.3% in Northern Ireland, the data from the Office of National Statistics show. Overall it means that annual house price growth is beginning to show signs of slowing across the majority of the UK.”

 

For the latest property news contact one of Birmingham’s leading estate and lettings agent today on 0121 604 4060 or on our website

 

 

The stories above are from various media sources, they do not necessarily reflect the views of James Laurence Sales and Lettings.

 

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