London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
UK house prices increase as market shows signs of confidence in November January 15, 2020 UK house prices increased in the year to November, demonstrating returning signs of confidence in the property market, according to the latest data. Average UK house prices were up 2.2 per cent in November last year, compared to a 1.3 per cent jump in the year to October. Read more: London’s house prices rose twice [...]
New mortgages fall in November after 2018 surge January 15, 2020 The number of first time buyer mortgages dropped in November last year, following a surge in house purchase activity in 2018. There were 30,620 new first-time buyer mortgages completed in November 2019, a decline of 10.5 per cent compared to the same month the previous year. Read more: First time buyer mortgages hit 12-year high [...]
Persimmon sales slump due to customer service drive January 15, 2020 Persimmon has reported a slump in revenue and housing completions, which the housebuilder blamed on a decision to “put customers before volume”. The FTSE 100 firm said total group revenue last year was £3.65bn, a 2.4 per cent dip compared to the previous year as it took action to improve quality and customer service following [...]
UK housing market stable despite political uncertainty, says Taylor Wimpey January 14, 2020 Housebuilding firm Taylor Wimpey said the housing market remained stable last year, despite ongoing economic and political uncertainty. In a trading update this morning the company said that conditions were more challenging in London and the South East but demand for homes remained strong in the face of uncertainty caused by Brexit. Read more: New [...]
Grosvenor Group searches for new boss after UK CEO steps down early January 14, 2020 The Duke of Westminster’s property investment firm Grosvenor Group is searching for a new group chief executive after Craig McWilliam stepped down citing private reasons. McWilliam, who was chief executive of Grosvenor Britain & Ireland, was due to take on the group role next year. Read more: The Grosvenor Estate weights up move to become [...]
Ex-Persimmon boss Jeff Fairburn appointed CEO of Yorkshire housebuilder January 14, 2020 The former boss of Persimmon Jeff Fairburn, who left the housebuilder in 2018 following controversy over his £75m bonus, has been appointed as chief executive of another development firm. Fairburn has taken on the chief executive role at Yorkshire housebuilder Berkeley DeVeer after buying a 50 per cent stake in the firm. Read more: Persimmon [...]
Revealed: The London boroughs with the most new build homes January 14, 2020 The City of London has the biggest proportion of new build housing stock compared to the other boroughs in the capital, according to the latest research. In total, 28 per cent of the property currently listed for sale in the Square Mile falls into the new build sector. Read more: UK housing market stable despite [...]
Travis Perkins sells plumbing arm for £46m January 13, 2020 British builders’ merchant Travis Perkins has sold its plumbing and heating business to distribution group Newbury Investments for £46m. The sale comes just four months after Travis Perkins halted the sale of the unit, called Primaflow, blaming “unprecedented uncertainty”. Read more: Travis Perkins halts sale of plumbing unit amid uncertainty The deal, which the building [...]
UK housing stock hits record value of £7 trillion January 13, 2020 The UK’s housing stock has reached a record value of £7.39 trillion, according to the latest research. Total gains last year hit £101.8bn – growth of 1.4 per cent – and the value of housing across the UK has increased by £2.74 trillion in the last 10 years. Read more: New build homes drive UK [...]
Savills’ sales ‘resilient’ despite Brexit and Hong Kong protests January 13, 2020 Estate agent Savills said sales were resilient last year despite political uncertainty related to Brexit, adding that the UK market picked up following Boris Johnson’s election victory. In a trading update this morning the company said full-year results will be at the upper end of expectations following an “excellent performance” in the UK, growth in [...]