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.
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 [...]
London developer seeks planning approval for delayed Earls Court project September 17, 2024 The Earls Court Development Company (ECDC) has officially submitted its long-awaited plans for the first phase of redevelopment for its central London site.
Triple Point: Social housing firm bets on Labour boost September 13, 2024 A listed social housing investor said the industry is set for a boost under the Labour government today as ministers prepare to tear up planning laws and kick off a housebuilding drive. Triple Point, which invests in supported accommodation, said in its half-year results that it is expecting a period of “greater political stability” that is [...]
Renters’ Rights Bill: What is it and what does it mean for the market? September 12, 2024 Labour’s Renters’ Rights Bill, which landlord groups have said will be the biggest change in the sector for over thirty years, entered parliament this week. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including removing no-fault evictions, tightening housing standards and loosening rules on pet ownership, King Charles [...]
Pensioners and the politics of perceptions September 12, 2024 The furore over winter fuel payments is driven by the false idea that pensioners are uniformly old, frail and poor. But in politics, feelings often matter as much as facts, says John Oxley This week’s tussle over the winter fuel allowance has highlighted one of the problems of our politics – how much of it [...]
Epwin expects demand for building products to ‘remain subdued’ in 2024 September 11, 2024 Building products supplier Epwin has posted a slide in revenue for the first half of 2024 and said demand would likely "remain subdued" through the rest of the year.
Right to Buy isn’t to blame for depleted social housing stock September 10, 2024 Right to Buy created a generation of homeowners and enabled mass transfer of capital wealth from the state to the people. No wonder Labour want to abolish it, says Emma Revell Imagine you could introduce a policy which could create more than 2m new homeowners over the next 40 years. Would you do it? Or [...]
Government won’t hit 1.5m housebuilding target, Hill Group boss says September 8, 2024 The new government has pledged to build the equivalent of 300,000 homes per year in its first term, a figure not achieved for over half a century.
Renters rights bill must protect ‘workable’ grounds for possession, landlords warn September 6, 2024 Plans to reform renters rights must protect “clear, comprehensive and workable” grounds for possession, a landlords body has warned. The government could reportedly bring forward its new Renters Rights Bill, which was announced in the King’s Speech, as soon as next week, according to Sky News. And renters rights campaigners have urged ministers to fulfil [...]