London rental prices clock biggest monthly bump since records began October 18, 2023 Data released by the Office for National Statistics (ONS) on Wednesday showed rental prices in London increased by 6.2 per cent in the year to September, up from 5.9 per cent in August.
Marshalls expectations unchanged despite UK housing market slowdown October 18, 2023 Building products supplier Marshalls provided investors with a trading update today with a 3 per cent decline in revenue, sitting at £528m.
Barratt warns of ‘uncertain’ year ahead as number of house builds falls October 18, 2023 The London-listed firm said it only built 9,221 homes down from 13,000 compared to the same period last year.
Top housebuilders pay ‘excessive’ £16bn in dividends over 18 years October 17, 2023 Researchers from Sheffield Hallam University found the eight largest housebuilders paid shareholders 260 per cent more in 2022 than 2005.
Bellway: Tough mortgage market sees profit before tax fall of 18 per cent October 17, 2023 As a result of the unruly buyer market Bellway said it expects the average selling price of a home in the next financial year to be around £295k down from £310k in 2023.
Gove in a fresh bid to scrap green housebuilding rules and slams Labour’s ‘crude, nimbyist appeal’ October 16, 2023 Communities Secretary Michael Gove has signalled the Government will make a fresh bid to scrap environmental rules to boost housebuilding. The House of Lords last month defeated an attempt by ministers to scrap EU-era rules that force developers to mitigate the impact new homes have on river health. Earlier in the month it was reported [...]
40 per cent of adults struggle to pay rent October 15, 2023 40 per cent of adults are finding it difficult to pay rent or mortgage payments, an increase of 10 per cent from last years' report.
Is this the worst time ever to rent in the UK? That’s what the numbers say October 12, 2023 Rents will rise by five per cent next year because of a mismatch between rising tenant demand and falling supply
Not one London MP would prioritise build-to-rent properties October 11, 2023 Not one London MP would prioritise build-to-rent properties in terms of housing options, despite almost half of them located in London.
Chinese developer Country Garden says it cannot meet debt payment deadline October 10, 2023 It had avoided defaults on debt even as rivals such as China's Evergrande, the world’s most heavily indebted property firm.