Number of affordable homes started in London plummets July 10, 2025 The number of affordable homes underway in the capital has fallen far short of expectations as tight regulations and cost pressures make sites unviable. The Greater London Authority has so far completed 871 homes under the 2021-2026 Affordable Homes Programme (AHP), according to its annual housing report. This is just over five per cent of [...]
Vistry looks to ‘transformative’ government investment as profit drops July 10, 2025 Housebuilder Vistry has reported a sharp drop in profit but expects activity to pick up later in the year as the government’s affordable homes investment filters into the market. Vistry, which unseated Barratt as the UK’s biggest housebuilder last September, told markets that it expects adjusted operating profit to be £125m in the first half [...]
Boardroom Uncovered: Why the UK is great for investing and entrepreneurship July 9, 2025 The chief executive of Omaze revealed what he thinks the Labour government could do to support businesses more.
Omaze boss: Why I’m positive about investing in the UK July 9, 2025 The chief executive of Omaze has set out the reasons why he believes the UK is the right place for his growing business to invest.
Reeves warned ‘undermining cash ISAs a serious mistake’ July 9, 2025 Chancellor Rachel Reeves has been warned that “undermining” cash ISAs would be a “serious mistake” and could hike the cost of mortgages and make them harder to access. Skipton Building Society has joined the chorus of institutions voicing their concerns ahead of the Chancellor’s Mansion House speech next week where she is expected to announce a [...]
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 [...]