Regulation has ‘stifled’ growth in housebuilding, Berkeley boss says June 19, 2024 "The industry has absorbed many regulatory changes over recent years and, while all well-intended, when taken together they have stifled investment, housing delivery and growth," he said.
Housebuilding targets ‘extremely challenging’ without extra funding, think tank warns June 19, 2024 Neither party has committed any extra funding to boost housebuilding numbers, which will make it difficult to reach the target.
FTSE 100 today: London markets to open higher amid firm global cues June 18, 2024 Asian stocks mirrored Wall Street's gains. Focus on US retail sales, Fed officials' speeches, UK inflation, and Bank of England decision.
Chelsea mansion on site of Henry VIII’s orchard goes on sale June 17, 2024 An eight-bedroom mansion situated on the site of King Henry VIII's Chelsea palace has been listed on the property market for nearly £16m.
Home REIT refinancing talks fall apart in blow to scandal-hit housing fund June 17, 2024 Home REIT’s efforts to renegotiate the terms of its £130m debt pile have fallen apart in a blow to the embattled social housing fund as it scrambles for stability after a string of scandals.
Rightmove: House prices remain stable despite soaring mortgage rates June 17, 2024 Confidence in the UK housing market has slipped ahead of a general election, despite signs of improvement in recent months.
Crest Nicholson and Bellway tie-up shows ‘logic’ say investors June 17, 2024 Housebuilders are consolidating to expand their land banks ahead of a potential market upturn, expected once higher interest rates stabilise.
Renting remains cheaper than buying in UK as mortgage rates soar June 17, 2024 The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
China faces uphill battle for recovery amid mixed economic data June 17, 2024 China faced several economic challenges in May, notably with industrial output growth falling short of expectations.
CMA launches investigation into £2.5bn Barratt-Redrow merger June 14, 2024 The competition watchdog has launched a formal investigation into the £2.5bn tie-up between Barratt and rival housebuilder Redrow.