Value of mortgages in arrears hits highest level since 2014 – Bank of England September 10, 2024 Mortgage holders are continuing to feel the pain from the Bank of England’s efforts to combat inflation, according to new figures. Data released by the Bank showed that the value of outstanding mortgages in arrears hit £21.9bn in the second quarter of this year, the highest figure since 2014. This was a 32 per cent [...]
Harworth: Property developer on track to grow portfolio to nearly £1bn after strong start to 2024 July 24, 2024 Six months into its financial year property developer Harworth says it’s on track to grow its investment portfolio to almost £1bn in the next five years, having already completed more than 80 per cent of its planned sales for 2024. The London-listed group, which specialises in land regeneration, said it had completed, exchanged or in heads of [...]
Victoria sweeps flooring market woes under the carpet June 19, 2024 Full-year profit at Victoria dipped from £76.9m to £27.1m, alongside a 14 per cent fall in revenue to £1.23bn.
Exclusive: Labour invites developers to work in ‘lock step’ on house building June 7, 2024 Labour has invited businesses to work in “lock step” with the party to deliver 1.5m new homes over the next five years.
Rentguarantor continues rapid growth as losses widen June 6, 2024 Rentguarantor, an Aquis-listed provider of tenancy guarantees, saw its losses widen in 2023 despite a major uptick in revenue, average contract price and tenant contracts in the full year to 31 December.
The next government must rebuild the UK’s planning system May 14, 2024 You almost couldn’t make it up. Britain, faced with a generational housing crisis, building less than a year ago. Even better, the weather is at least partly to blame. Welcome to Blighty. We used to build things, you know. The main culprit is of course the planning system, which – from the moment a misty-eyed [...]