New homes: Our pick of the new homes going on sale in the London this weekend September 7, 2018 New developments on the market this week Clarendon, Hornsey From £355,000 The first homes at a major regeneration site in north London are on sale. The 12 acre brownfield site will boast 1,700 new homes and over 100,000sqft of retail and offices as well as a new public park. Hornsey Park Place is the first [...]
UK house prices growth accelerated in August September 7, 2018 Annual house price growth picked up in the three months to August, growing by 3.7 per cent, compared to a 3.3 per cent annual rise in the run up to July, according to new figures released today by Halifax. With the average home costing £229,958, house prices remained steady month to month, ticking upwards by [...]
Is there any justification for keeping Help to Buy? September 7, 2018 Is there any justification for keeping Help to Buy? David Campbell, group sales and marketing director at Telford Homes, says YES. Help to Buy is a wonderful policy that has enabled around 246,000 people to get onto the property ladder – 81 per cent of whom were first-time buyers. Many of these buyers would not have [...]
GCP portfolio swells as demand for London universities persists September 6, 2018 Property developer GCP Student Living revealed a 23 per cent rise in its portfolio value over the last 12 months amid growing international demand for London’s top universities. Full-year rental income for GCP jumped from 28.9m to £35.8m, while property portfolio values rose to £784.4m in the year leading up to the end of June [...]
Retirement housebuilder McCarthy & Stone blames profits drop on government ground rent policy September 6, 2018 Retirement housebuilder McCarthy & Stone expects profits to slump amid a slowdown in the sector and uncertainty surrounding government policy. Read more: Largest UK housebuilder Barratt Developments hits record pre-tax profits The figures Operating profit for the year ended 31 August is expected to be between £65m and £73m, a drop from the 2017 figure of £96m, [...]
Time for MPs to act on three-year tenancies September 6, 2018 The terms of the debate on longer-term tenancies are well set. On the one hand, tenants deserve to feel at home in their rented accommodation. On the other, there needs to be a stock of rented housing, and if landlords are too penalised, they will leave the market. The debate is now reaching a crunch [...]
Bovis Homes shares up after profits boost in half year results September 6, 2018 Shares in Bovis Homes were up more than five per cent this morning after the housebuilder reported a strong first-half performance. Read more: Largest UK housebuilder Barratt Developments hits record pre-tax profits The figures Profit before tax jumped 41 per cent to £60.2m this year, up from £42.7m in the first half of 2017. The Kent-based company generated revenue of [...]
Property-lending challenger firm Glenhawk lands £75m funding September 5, 2018 Short-term finance disruptor Glenhawk has secured £75m of funding in a sign of the UK’s rapidly growing alternative property-lending sector, City A.M. can reveal today. The latest cash injection from two UK institutions, one of which is Shawbrook Bank, comes six months after the specialist lender launched, having amassed a pipeline of £35m and lent over [...]
Facebook partners up with online giants in move into UK property market September 5, 2018 Facebook is to list properties from two of the UK’s largest online estate agent on its website, in a sign that the social media giant is dipping its toes into the UK property market. In a partnership with Facebook Marketplace, Zoopla and OnTheMarket (OTM) both announced yesterday that their UK agents’ home rental property listings [...]
Largest UK housebuilder Barratt hits record pre-tax profits and builds highest number of homes in a decade September 5, 2018 The UK's largest housebuilder Barratt Developments has announced record pre-tax profits of £835.5m for the year after building its highest number of homes in a decade. The company said it had built 17,579 homes in the year to June – an increase of one per cent on the previous year. Its average selling price also rose by [...]