MJ Gleeson: Shares plummet after profit warning as property market struggles June 3, 2025 Housebuilder MJ Gleeson has warned of a 15-20 per cent hit to its profit this year due to a slow housing market recovery and the collapse of a land sale in Yorkshire. The company told markets this morning that the pace of housing market recovery in the UK has “not been sufficient” to offset the [...]
Rental crisis to worsen in the next decade, says UK’s biggest landlord May 15, 2025 Ongoing supply constraints are set to worsen the UK’s rental crisis in the coming years, according to the country’s biggest landlord. Grainger said it expected rental demand to grow 20 per cent from its 2021 level by 2031, far above growth in housing supply. “The private rental market in the UK faces growing demand [and] [...]
House prices continue their steady upward climb April 1, 2025 House prices continued to rise in March as easing affordability pressures – alongside the end of the stamp duty holiday – boosted demand. UK house price growth remained stable in March at 3.9 per cent, the same as in February, according to Nationwide’s house price index. “These price trends are unsurprising, given the end of [...]
Will the government’s £2bn affordable housing top-up make a difference? March 25, 2025 The government has ploughed a ‘top-up’ investment of £2bn into the UK’s affordable housing sector as part of its pledge to revitalise residential construction. Officials say it will get working people and families into secure homes, while detractors say it doesn’t go far enough and might even be less money than the sector had anticipated. [...]
House price growth slows despite ‘busier January than normal’ January 31, 2025 House price growth slowed slightly in January, but year-on-year growth remained robust despite higher interest rates. The annual rate of house price growth slowed to 4.1 per cent in January, compared with 4.7 per cent in December, according to the Nationwide House Price Index. House prices increased by 0.1 per cent month on month, after [...]
How to build affordable housing December 9, 2024 Any plan to actually deliver the 1.5m homes the government has committed to must be guided by pragmatism, not dogma – and lower targets for affordable housing can often result in more actually getting built, says Marc Vlessing The sudden departure of both senior leaders at Homes England is an opportunity to rethink the role [...]
Khan unveils plan to make housing affordable for key workers November 25, 2024 Mayor Sadiq Khan has launched a consultation on plans to make housing more affordable for Londoners. Khan has proposed rents based on 40 per cent of key workers’ average household incomes, with rent rises potentially linked to wage growth. The proportion of a key worker’s income needed to cover rent on a median one-bedroom property [...]
Housing is an opportunity, not a problem September 28, 2024 Operating in a sector so often labelled as ‘in crisis’, it’s easy to forget that housing is a safer investment than many realise, says Chris Benn City grandee Sir Nigel Wilson published a report this month that outlined how Britain will need to invest £1tn over the next decade to realise its growth potential. It’s [...]
MJ Gleeson: Planning setbacks hit profit September 18, 2024 Housebuilder MJ Gleeson has blamed planning setbacks in the UK for a decline in operating profit. Overall revenue at Gleeson rose by 5.2 per cent from £328.3m to £345.3m, although profit before tax fell by 21.3 per cent to £24.9m. The company – split into a land division and homebuilding division – said that Gleeson [...]
Building on the green belt won’t fix the housing crisis September 5, 2024 Labour’s plans to relax protection for the green belt will incentivise developers to build expensive houses for commuters while leaving city centre brownfield sites to rot, says Sam Fowles Labour has put solving the housing crisis front and centre, promising to build 1.5 million new homes by the end of the parliament. But its key [...]