Savills hit by slowdown in sales despite uptick in profits August 14, 2025 Real estate giant Savills recorded a slowdown in sales in the first half of the year as investors digested the implications of tariffs, but recorded strong results. The real estate giant delivered a 6 per cent increase in revenue to £1.1bn in the six months to end June. Underlying profit rose by 10 per cent [...]
House builder blames ‘broken planning system’ and interest rates for loss August 7, 2025 In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
Professional landlords to replace ‘hobbyist’ investors August 5, 2025 The much-publicised decline of the small-scale private landlord is leaving huge scope for professional lenders to take their place, in a ‘net positive’ for the market, according to property experts. Private landlords are being squeezed from all directions: A combination of lower tax relief, higher mortgages and tighter regulation has continuously pushed yields down. Amateur [...]
Rightmove demands stamp duty overhaul July 25, 2025 Rightmove has called on the government to overhaul stamp duty thresholds to help first-time buyers get on the property market. The UK’s largest property platform urged ministers to increase the thresholds at which the tax kicks in, to reflect house price rises that have occurred in recent years and “help mobility across many parts of [...]
Is it high time to buy in super-prime London? July 15, 2025 London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most [...]
Barratt Redrow misses homebuilding target as affordability hits demand July 15, 2025 Housebuilder Barratt Redrow has built fewer homes than its target after affordability pressures continued to hit demand for new houses. The company, which was formed by a merger of Barratt and Redrow last year, said that total home completions for the 52 weeks ended June 29 reached 16,565. It had aimed for between 16,800 and [...]
Rachel Reeves’ tax hikes are driving wealthy overseas investors to flee London July 14, 2025 Chancellor Rachel Reeves’ tax hikes have had the “feared impact” of driving wealthy overseas investors to flee London to escape double taxation of their worldwide income, the company behind The Shard has said. Real Estate Management (UK), which is ultimately owned by the State of Qatar, has revealed the exodus has resulted in it being [...]
PPHE unveils £90m plan to turn lap dancing club into luxury London hotel June 23, 2025 Hotel giant PPHE has unveiled plans to turn an east London lap dancing club into a huge new hotel as it continues its expansion in the capital. The London-listed firm today unveiled a £90m proposal to construct a 21-story tower on Leman Street in Whitechapel, which will feature 182 rooms, a restaurant, bar, gym and [...]
UK housing market: ‘Not fixed, but less broken’ June 12, 2025 Decades of underinvestment, underbuilding and overegulation have clobbered the housing market. The UK is now short about 4.3m homes, with the worst crisis in cities. Labour, which made solving that crisis a central mission of its first year in government, has made tracks to get Britain building again – reforming planning, trying to bridge the [...]
Relaxed mortgage rules could increase first-time buyer deals by a quarter June 2, 2025 Changes in the way lenders stress test borrowers for mortgages could lead to a huge jump in the amount of first-time buyers able to access the housing market, according to Savills. Savills’ analysis found first-time buyer transactions could increase by up to 24 per cent over the next five years if lending rules continue to [...]