Pension giants ink £1bn build-to-rent deal September 23, 2024 “We can see there’s a critical shortage of housing supply, coupled with increasing demand for high-quality rental homes,” said Elizabeth Fernando, chief investment officer at the workplace pension fund said.
Two-year mortgage rates fall as markets brace for future interest rate cuts September 20, 2024 Two-year mortgage deals are becoming increasingly competitive as rates continue to fall faster than longer-term deals.
Henry Boot: Property developer announces higher dividend as market recovers September 17, 2024 Property developer and investor Henry Boot has announced a five per cent rise in its interim dividend on good sales and a better outlook for the property market. Its the second time the developer has upped its dividend this year – in March, it proposed a final dividend of 4.40p, an increase of 10.0 per [...]
Property market turns positive for first time in two years September 12, 2024 House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and [...]
London leading the way as housing market ‘normalises’, Winkworth says September 11, 2024 Pretax profit climbed 26 per cent to £1.0m from just over £810,000 last year.
How Rightmove became London’s (and the FTSE 100’s) most profitable company September 3, 2024 From an unknown tech start-up to the undisputed king of the UK’s online property sector, Rightmove is a shining example of how to turn a simple idea into a whole lot of profit. In its most recent full-year results, the London-listed property portal astounded investors by revealing it had achieved a record 71 per cent operating profit margin – [...]
UK’s largest pension fund agrees £405m homes deal with Blackstone August 13, 2024 The UK’s largest pension fund has acquired 3,000 homes from Blackstone for more than £400m. The Universities Superannuation Scheme (USS) has snapped up the portfolio of shared ownership homes from affordable housing company, Sage. Sage is majority-owned by Blackstone alongside real estate investor Regis and was formed in 2017. The £405m deal is the first [...]
Barratt’s £2.5bn merger with Redrow now hinges on sale of 10 houses August 8, 2024 A £2.5bn merger between housebuilders Barratt and rival Redrow now hinges on the sale of 10 houses after the Competition and Markets Authority (CMA) said the deal could create local competition issues. In a ruling issued this morning the watchdog said the deal, announced in March 2024, could lead to a “substantial lessening of competition” [...]
Brickability: Construction suppliers’ profit slides by a third on housing market woes July 16, 2024 Chair John Richards said Brickability had continued to "demonstrate resilience and deliver a robust financial performance."
Number of borrowers behind on mortgages jumps to eight-year high June 11, 2024 Households are continuing to feel the strain from the Bank of England's interest rate hikes with the share of mortgages in arrears continuing to creep up.