John Lewis: Losses triple at retail giant’s property start-up August 11, 2025 Losses tripled at the property start-up owned by retail giant John Lewis during its latest financial year despite its income shooting up, it has been revealed. BTR (Operating) Limited has posted a pre-tax loss of £406,000 for the 12 months to 25 January, 2025, new accounts filed with Companies House show. The latest figure comes [...]
House builder blames ‘broken planning system’ and interest rates for loss August 7, 2025 In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
Construction sector contracts at the fastest pace since 2020 August 6, 2025 Activity in the UK’s construction industry is contracting at the fastest rate since the coronavirus pandemic in 2020 as high costs and tax hikes bite. The sector is vital for the Labour government’s plans for a house building boom and improvements in infrastructure, with the private sector expected to help boost the UK’s economic growth. [...]
SME housebuilders are key to growth – and the Conservative revival August 1, 2025 Housing was a major cause of the Conservative collapse – particularly with young people. If we want to build the right houses in the right places, SMEs are the answer, says Jack Rankin Like the Chancellor, I’m no economist. She might have a degree in PPE, but you don’t need that to work out that [...]
Labour has given in to the blockers on planning reform July 23, 2025 Labour has watered down its Planning and Infrastructure Bill, putting new housebuilding – and Britain’s growth prospects – at risk, writes Will Prescott The Starmer Government often boasts that it is on the side of the “builders not the blockers”. Unfortunately, the recent watering down of its key Planning and Infrastructure Bill risks calling that [...]
Housebuilding boost as stamp duty ‘disruptions’ fade July 4, 2025 Housebuilding stopped the construction sector from crumbling as an increase in residential work in June was recorded for the first time in nine months, fresh data has suggested. S&P Global’s purchasing managers’ index (PMI) for construction showed the sector improved slightly from May, with the decline in total business activity at the lowest level since [...]
Crest Nicholson: Profit triples as housing market recovers June 12, 2025 Housebuilder Crest Nicholson has reaffirmed its annual guidance as it reported a jump in half-year profit. The London-listed firm said adjusted pre-tax profit more than tripled to £7.9m in the six months ended 30 April. On a statutory basis, the company swung to a £9.4m profit after posting losses of £30.9m in 2024. Revenue declined [...]
Bellway: Completions surge at FTSE 250 housebuilder June 10, 2025 Bellway has said it expects to see a surge in home completions amid an increase in consumer confidence and reservation rates. The FTSE 250 housebuilder and property developer said it was well-positioned to deliver cumulative volume growth of 20 per cent over the two years to end July 2026. In a trading update, the Newcastle-based [...]
Green belt homes ‘needed’ to solve housing crisis, Sadiq Khan says May 15, 2025 London is suffering a chronic housing shortage. Lacklustre rates of housebuilding have helped push up the cost of a home to well beyond the reach of ordinary Londoners. The price of an average terrace house in Camden has roughly tripled compared to twenty years ago to more than £1.5m today, Land Registry data shows, while [...]
Time to build homes on the green belt, Sadiq Khan says in major strategy pivot May 8, 2025 Sir Sadiq Khan is to call for homes to be built on London’s green belt in a major strategic shift on housing policy. In a speech on Friday, the mayor of London is to announce that City Hall will “actively explore” releasing parts of the green belt in a bid to bring an end to [...]