The taxes driving housing developers out of London Opinion Stealth taxes faced by would-be builders have made London the most expensive city in the world to build, writes David Hirst.
Wembley Park developer slashes losses by over £600m Property Losses at the company behind the transformation of Wembley Park in London were slashed by more than £600m during its latest financial year, it has been revealed. Quintain has posted a pre-tax loss of £109.5m for 2024, new accounts filed with Companies House show. The loss is down significantly from the £721.7m pre-tax loss it [...]
L&G developer: Londoners don’t want cookie-cutter high streets Opinion Londoners don't want cookie-cutter high streets. Indie retail is the key to urban regeneration, writes L&G head of place Denz Ibrahim.
‘Prohibitive building costs’ stunting UK growth projects – Deloitte February 4, 2025 “Prohibitive costs” involved in construction projects in major UK cities led to a sharp decline in the number of new developments breaking ground in 2024, according to a new report from Deloitte. Deloitte’s latest Regional Crane Surveys, which covers the central areas of Belfast, Birmingham, Leeds and Manchester, has revealed the number of new starts [...]
Harworth Group doubles profit as revenue soars from land sales September 12, 2024 Land regeneration specialist Harworth Group has seen its revenue sky rocket following a flurry of land sales. The London-listed developer, which is headquartered in Rotherham in South Yorkshire, saw its revenue hit £41.3m in the six months ending June 30, 2024, up from £18.2m in the same period last year. As a result the company [...]
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 [...]