News

It’s only midday on a grey Friday lunchtime, but from the kitchen tucked away in the back of the Prince of Bengal in the Suffolk market town of Saxmundham, a heady whiff of spices is already wafting through the peach-painted tandoori and balti restaurant.

Owner Abul Hussain, 32, is relishing the calm before the storm that will be unleashed when the restaurant opens at 5.30pm for what he hopes will be a typical Friday night, with sit-down and takeaway curries for up to 60 diners.

Private landlords ‘scooping up council house stock’

Almost a third of houses bought by council tenants in an area of London are now owned by private landlords, a new study has revealed.

The GMB said its research in Barnet shows how the right to buy has turned into a “rich harvest for the greedy elite”.

The situation will be repeated under legislation going through Parliament extending the right to buy to Housing Associations, warned the union.

Remarkable $20K Houses From Rural Studio

Auburn University’s design team at Rural Studio has achieved the lofty goal of building affordable houses for somebody living below the poverty line. Here’s how: The team did so by completing two pilot project houses priced at $20,000 apiece. Materials for the homes totaled $14,000 each.

Saunders Architecture unveils five house designs for Canadian wilderness development
Norwegian studio Saunders Architecture has revealed designs for five of the 44 rural retreat homes being built across a vast landscape in the foothills of southern Alberta, Canada .

Property developer Ian MacGregor is spearheading the Carraig Ridge project to build an array of architect-designed homes across an area of 650 acres (263 hectares) between the city of Calgary and Banff National Park.

Five UK fund houses explore blockchain technology

Five of the UK’s biggest fund houses have joined forces on a secret project to test if blockchain, the nascent technology underpinning bitcoin, the digital currency, can be used to save billions of pounds in trading costs.

Schroders and Aberdeen Asset Management, the second and third-largest listed fund houses in Europe by assets, are working on the project with Columbia Threadneedle Investments, the £320bn asset manager.