Bellway’s profits double despite supply chain woes slowing construction activities October 19, 2021 Housebuilder Bellway said this morning that its annual profits more than doubled, but cautioned that supply chain woes are holding back construction activity. The group posted a 102.4 per cent jump in pre-tax profits to £479m for the year to July 31 as revenues leaped 40.3 per cent to £3.12bn thanks to a booming property [...]
4.5x borrower’s earnings: ‘Risky mortgages’ rising fast, mostly in Wandsworth, Walthamstow and Croydon October 18, 2021 South London is the UK’s hotspot for high-risk mortgages – with more than 6,300 mortgages written at 4.5 times the borrower’s earnings or higher in the last year, according to new research shared with City A.M. this morning. Bank of England guidance says mortgages are considered ‘high-risk’ if they are lent at 4.5 times the [...]
Find your new home by the riverside at Leaside Lock, East London’s newest neighbourhood October 18, 2021 | Sponsored A new collection of contemporary studios, 1, 2 & 3 bedroom apartments in Bromley-by-Bow is launching 13th November, available with the London Help to Buy: Equity Loan* scheme on selected plots. As the prices in nearby Bow, Hackney Wick, Bethnal Green and London Fields have dramatically risen in recent years, many first-time buyers are finding [...]
Back to 2007: UK house prices rise for every region and buyer type October 18, 2021 It’s a full house for the UK home buying market, with property prices rising last month in every region of the UK, London included, and for buyer types ranging from first-timers to those at the wealthiest rungs of the property ladder. In London, the average property price hit £650,683, up another 1.9 per cent on [...]
Focus On: Peckham – A creative hub full of bars and restaurants October 15, 2021 A hotbed for creative professionals and an innovative cultural hub, South London’s Peckham offers stylish modern living with exceptional transport links and some of London’s hippest bars and restaurants. During the 1960s, Peckham underwent significant redevelopment, followed by additional regeneration programmes over subsequent decades, which have allowed the area to maintain its sense of community [...]
Hitting the wall: The latest wallpaper trends for this autumn October 15, 2021 The evolution of wallpaper is the story that keeps on giving. New colours, new techniques, new patterns, new technical innovations, new ways to render metallics… and now a return to more sustainable materials. if you haven’t got into wallpaper yet you are in for a treat. Firstly, it works absolutely everywhere. Bedrooms, especially, benefit from [...]
House prices: Value of homes in Kensington and Chelsea alone same as whole of Wales October 14, 2021 Homes across Britain have added £49,257 to their value over the past five years on average, according to a property website. The total value of homes has risen by 20 per cent – or £1.6 trillion – in the past five years, Zoopla said. More than a third (£550bn) of the £1.6 trillion increase has [...]
Value of Westminster and Chelsea homes equals value of Welsh homes October 14, 2021 The value of UK property has hit £9.2tn, four times the country’s GDP. This sum – which is more than four times the value of all companies listed in the FTSE 100 – has risen £1.6tn over the past five years. More than a third of that growth has been in the past year alone, [...]
Buyers face slim pickings as market supply still limited October 14, 2021 Buyers have slim pickings when it comes to the housing market, with a continued lack of supply of homes on the market. There was a more stable trend in buyer demand in September, after a brief pull-back following the frenzy around the stamp duty holiday. Data from the Royal Institution of Chartered Surveyors (RCIS) showed [...]
Barratt remains on track with steady customer reservations October 13, 2021 UK residential property developer Barratt Developments is on track to deliver its targets for the medium term as well as for FY2022, after registering a steady customer demand between 1 July and 10 October. “The positive start to the new financial year has continued in recent weeks with private reservations remaining strong,” said Barratt’s chief [...]