UK house price growth slowed in October December 13, 2016 House price growth slowed in October, with prices increasing 6.9 per cent in the year, down from seven per cent growth in September. The UK average house price was £217,000 in October, up £14,000 annually, but unchanged from the previous month, according to the Office for National Statistics. Read more: Bellway boosted by Help to [...]
Bellway boosted by Help to Buy December 13, 2016 Bellway's share price was up two per cent this morning after the company said its sales grew by seven per cent, with reservations boosted by the government's Help to Buy scheme. The figures The housebuilder announced that its reservation rate was 176 per week for the 18 weeks from 1 August to 4 December, up from 165 per [...]
Housebuilder shares fall on a quiet day on the markets November 25, 2016 It's so quiet on the markets today you can hear a pin drop – but that didn't stop housebuilders from being hit after this week's Autumn Statement. On the FTSE 100, Persimmon and Barratt were among the biggest fallers – they were both 0.8 per cent lower, at 1,715p and 469.6p respectively. Tayler Wimpey, the other [...]
New Builds: Homes on sale this week on a new town square in Ealing and Help to Buy in Sydenham November 25, 2016 Dylon Works, Sydenham From £227,997 with Help to Buy London, from £389,995 for private sale apartments Over 200 homes will go on sale tomorrow, with the option to take out a 40 per cent equity loan via the government’s Help to Buy London scheme. Primed for first time buyers, 221 out of 223 one to three bedroom [...]
Bellway’s share price nudges up after posting record annual results October 18, 2016 The share price of FTSE 250 housebuilder Bellway jumped over four per cent in early trading after it released bumper annual results. The numbers Revenues were up by 27 per cent at £2.2bn with gross profit increasing 34 per cent £574m. Bellway managed to squeeze an extra 1.5 per cent out of its gross margin percentage – the amount [...]
Better infrastructure and new houses: Here’s how to invest for a post-Brexit fiscal stimulus October 4, 2016 Chancellor Philip Hammond used his party conference speech yesterday to tell the public that the government is prepared to take “whatever steps are necessary to protect this economy from turbulence”. Though he gave a nod to his predecessor’s commitment to fiscal consolidation, new spending plans are widely expected when he delivers his first Autumn Statement in [...]
FTSE-listed housebuilder share prices have tumbled after McCarthy & Stone’s gloomy Brexit outlook September 2, 2016 Just when we thought things were beginning to look up, housebuilder shares uniformly drooped this morning, after retirement home builder McCarthy & Stone presented a gloomy outlook about the impact of Brexit. Persimmon was the biggest faller among the FTSE 100-listed builders, dropping 2.9 per cent to 1,815p in mid-morning trading. That was followed by Berkeley [...]
Housebuilder Bellway’s share price climbs after positive set of results August 5, 2016 Residential property builder Bellway's share price climbed this morning after a strong set of results, rising 4.19 per cent in morning trading. But the company said it is "cautious" about how many sites it acquires after to the Brexit vote. Bellway added: "Since the result of the EU referendum, there has been some modest caution from a [...]
New homes on sale in London this weekend: from the biggest development in Chelsea for a century to the regeneration of Catford July 21, 2016 Chelsea Waterfront From £1.55m Overseas buyers are showing a strong interest in new homes at Chelsea Waterfront following the EU Referendum result, according to its developer Hutchinson Property Group. The first phase of the redevelopment of the former Lots Road Power Station has sold out, and 17 out of 28 units remain in the second [...]
Focus On Croydon: Concrete jungle of Zone Five is increasingly popular with young professionals July 8, 2016 It’s a concrete jungle out there. At least, it is if you live in the London borough of Croydon. Despite birthing Kate Moss, Sir Philip Green and Tracey Emin, it’s not an area that’s known for glamour, largely due to a preponderance of outdated 1960s office blocks. Though there have been many attempts to revive [...]