Boost for Britain as businesses commit to invest £30bn in UK November 27, 2023 Some of the world’s biggest businesses have committed to invest a total of nearly £30bn in Britain, the government has announced ahead of a major investment summit taking place today.
The Notebook: Ben Thompson on why stamp duty reform needs to be on Hunt’s list tomorrow November 21, 2023 Ben Thompson, deputy CEO at Mortgage Advice Bureau, talks stamp duty reform, help for first-time buyers and his favourite poem.
Sluggish housing market hits homebuilder Redrow November 10, 2023 Redrow stuck by its guidance on Friday but warned that the results will be towards the lower end of the range it had previously given as the market was “subdued” this autumn.
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
Government to ‘announce plans to phase out leasehold’ in King’s Speech October 29, 2023 All new houses across England and Wales will have to be sold as freeholds, as part of a Leasehold Bill led by Michael Gove, and expected to be announced in the King's Speech, according to the Sunday Times.
Delay to ban on no-fault evictions welcomed by landlords October 23, 2023 A delay to the long-promised ban on no-fault evictions has been welcomed by landlords despite warnings from housing campaigners over the “human cost”. Ministers have announced the long-awaited barring of section 21 notices will be put on ice until the UK’s court system is reformed, amid a record backlog of 65,000 Crown Court cases. Housing [...]
London’s soaring rents now swallow up 35 per cent of tenants’ salaries October 23, 2023 More than a third of Londoners’ average pay went towards paying rent last year, according to the latest government figures, as tenants face a crisis in the capital. Data released by the Office for National Statistics on Monday showed that London was the least affordable region in the UK in which to rent, with an [...]
Parliament urged to back renters reform bill amid fears landlord MPs could rebel October 22, 2023 Parliament has been urged to support the Renters Reform Bill which would end no-fault evictions despite fears landlord MPs could rebel against the legislation. Some MPs who own rental properties say they will be among landlords leaving the market due to what they call an “unconservative” policy on Section 21, according to the Telegraph. But [...]
Top housebuilders pay ‘excessive’ £16bn in dividends over 18 years October 17, 2023 Researchers from Sheffield Hallam University found the eight largest housebuilders paid shareholders 260 per cent more in 2022 than 2005.
House prices: October bump the worst since the height of the financial crisis October 16, 2023 House price behaviour is back where it was in the height of the financial crisis, with the "key selling season" of October failing to give prices liftoff.