Watchdog probe to net £100m from listed housebuilders for affordable schemes July 9, 2025 A probe by the UK’s competition watchdog is likely to result in a collective £100m package from seven housebuilders for affordable housing schemes. The Competition and Markets Authority (CMA) probe, which looked into the anti-competitive practices of seven housing developers – Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry – was launched [...]
Galliford Try ‘well-positioned’ to benefit from government spending July 9, 2025 Galliford Try has stated that it “welcomes” the government’s ambitions for affordable housing and infrastructure and expects to report a profit ahead of expectations this year. The construction giant, which has 4,300 employees across the UK, operates across the public and regulated sectors – including water, transport and building projects. The company told markets it [...]
London skyscraper given green light after Roman Basilica forced planning revamp July 8, 2025 The City of London has approved plans for 85 Gracechurch Street, which had to be reworked in light of the discovery of a historic Roman Basilica under the site. It also approved plans for a 45-storey tower at 63 St Mary Axe, which will sit at the edge of the City of London’s Eastern Cluster. Continuing with 85 Gracechurch’s [...]
Unite boosted by growing student numbers but warns on Renters’ Rights Bill July 8, 2025 Student of accommodation provider Unite has posted an uptick in the value of its two property portfolios, buoyed by high occupancy and growing rents, but warned the upcoming Renters’ Rights Bill will increase costs for students. Unite said the value of its UK-wide portfolio grew by 0.6 per cent to £2.9bn, while its London portfolio [...]
UK housing market faces ‘considerable upheaval’ as sellers lose confidence July 7, 2025 Estate agents have warned that a turbulent global economy and changes to stamp duty have caused upheaval in the housing market after prices flatlined in June. UK house prices were stagnant in June, according to the latest data from Halifax, after a 0.3 per cent drop from April to May. “Today’s news suggests that house [...]
UK house prices stagnated in June, Halifax index finds July 7, 2025 UK house prices were stagnant in June with average prices flatlining at £296,665, according to the latest Halifax data. Despite a 0.3 per cent drop from April to May, the average UK house price was still 2.5 per cent higher than it was in June of last year. Properties in London saw a rise of [...]
Rachel Reeves’ cash ISA plans would ‘choke mortgages’ July 3, 2025 Rachel Reeves’ plans to slash the tax-free cash ISA allowance “would be effectively choking mortgage availability” for those who need them the most, a building society’s CEO has said. Darlington Building Society was reacting to the news that the Chancellor is set to announce a lowering of the current £20,000 cap that savers are allowed [...]
Bill Shankly’s grandson opens Liverpool hotel in Titanic landmark July 3, 2025 The grandson of legendary Liverpool football manager Bill Shankly has opened a hotel in Liverpool based in the former headquarters of White Star Line – the company which owned the Titanic. Christopher Carline and his business partner Brian Gamble have launched the White Star Line Hotel in Albion House, a grade II*-listed building which has [...]
Lords blast Renters’ Rights Bill: ‘The government is not listening’ July 2, 2025 Peers in the House of Lords have clashed with the goverment’s Renters Right Bill, arguing that the Commons hasn’t listened to their concerns about fixed-term contracts, student housing or holiday lets. The bill, which aims to rebalance the relationship between landlords and tenants, began its third reading in the House of Lords on July 1. [...]
Berkeley, Persimmon and Barratt hit by house price slowdown July 1, 2025 Weak growth in UK house prices has hit the shares of the UK leading listed homebuilders, with pundits concerned that a demand for private housing will prevent the government from reaching its ambitious housing goals. Berkeley’s share price has dropped by more than eight per cent in the past month and Persimmon is down four [...]