Renters work 125 days a year to pay their landlords Property Renters in England are working 125 days each year – before tax – just to pay their rent, according to new research from the Adam Smith Institute (ASI). This means that renters only start earning money for themselves on 6 May, which the ASI has named Cost of Rent Day. The initiative was calculated using [...]
Kevin McCloud: Housebuilder ‘oligopoly’ needs urgent reform Property Britain’s housebuilding industry is a cartel-like oligopoly that needs root and branch reform in order for the UK is to build enough high-quality homes to solve its housing crisis, Grand Designs presenter Kevin McCloud has said. In a withering assessment the track record of major housebuilders, McCloud said the UK construction sector’s supply chain had [...]
Grand Designs’ Kevin McCloud: Big builders are artificially driving up house prices for profit property Most of the issues in the market can be traced back to the big builders that dominate the sector, TV presenter Kevin McCloud, told City A.M.