Taylor Wimpey: Construction jumps but cladding costs wipe out profit July 30, 2025 Housebuilder Taylor Wimpey posted a double-digit rise in housing completions, but a £222.2m hit from fixing combustible cladding pushed the company to a half-year loss. Shares fell nearly five per cent in early morning trades. The number of houses built in the first half of 2025 totalled 5,264, up from 4,728 last year, the company [...]
Soaring stamp duty costs dampen house price growth July 29, 2025 Housing market activity has surged but price growth has slowed as high costs bite into buyers’ budgets. Buyer demand rose 11 per cent and agreed sales rose eight per cent year on year but house prices grew by just 1.3 per cent, according to Zoopla’s latest house price index. Higher stamp duty costs now impact [...]
House prices ‘continue to surprise’ as average property value ticks up in May July 16, 2025 UK house prices rose again in May, bucking predictions of a slowdown in the market after stamp duty relief was axed earlier this year. The average price for a UK property reached £269,000 in May, up 3.9 per cent year on year and 1.1 per cent month on month. The bulk of this increase was [...]
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 [...]
The Building Safety Regulator’s near-impossible balancing act July 10, 2025 Originally implemented to tackle safety concerns in light of the devastating Grenfell fire, the Building Safety Regulator (BSR) has now been accused of hamstringing developments in the capital. Delays in the system are currently “undermining investor confidence” in the sector, “holding back the delivery of new homes and adding to uncertainty for residents”, head of [...]
Unite boosted by growing student numbers but warns on Renters’ Rights Bill July 8, 2025 Student of accommodation provider Unite has posted an uptick in the value of its two property portfolios, buoyed by high occupancy and growing rents, but warned the upcoming Renters’ Rights Bill will increase costs for students. Unite said the value of its UK-wide portfolio grew by 0.6 per cent to £2.9bn, while its London portfolio [...]
Berkeley notes rising demand for new homes as profit drops June 20, 2025 Housebuilder Berkeley has stated that it is ‘fully aligned with’ and ‘committed to’ the government’s ambitious housing agenda, despite a decline in annual profit. The FTSE 250 company told markets this morning that its profit before tax fell 5.1 per cent in the last financial year, from £557.3m to £528.9m. Its operating margin improved from [...]
Zoopla: Rightmove rival handed £500m price tag April 30, 2025 Online property portal Zoopla has been put up for sale with an asking price of around £500m, it is understood. The company, which was launched in 2008, has put on the market by Silver Lake Partners which has owned the group it forms a part of following a £1.6bn deal in 2018. That group also includes [...]
London house prices fall fuels sales surge April 24, 2025 Sales of prime central London housing jumped up during the first three months of 2025 as prices fell amid the ongoing global uncertainty. Residential sales activity in the first quarter rose 12 per cent compared to 2024, according to new research from global property advisor JLL. “There are clear signs of renewed confidence across prime [...]
Tallest UK skyscraper outside London to be approved April 3, 2025 Plans to build the tallest skyscraper in the UK outside of London have been recommended for approval. Developer Salboy, which was co-founded by Betfred billionaire Fred Done, is behind the proposals which would see a 76-storey building constructed in Manchester city centre. The £360m project, known as Viadux 2, has been earmarked for land between [...]