UK housebuilders’ shares rise as mortgage approvals hit highest level since February last year March 1, 2017 Housebuilders' share prices rose today after figures from the Bank of England showed that in January mortgage approvals hit the highest level since February 2016. The Bank reported a 2.4 per cent month-on-month rise in January, bringing the number of mortgages to 69,928. Read more: UK house prices rose by just £600 last month This [...]
Redrow boss calls for government to release green belt land February 8, 2017 Redrow chief executive John Tutte has said the government should have unlocked more greenbelt land for development in the housing white paper. Speaking to City A.M., Tutte said: "Controversially, we would have liked to have seen something more forceful on releasing the green belt. "It isn't all rolling countryside." His comments come after communities secretary Sajid [...]
Investec is putting £30m towards this Fulham development February 3, 2017 Invetec is providing a £30m financing facility to developer Meyer Homes for the construction of 58 new homes in Fulham. The 24 month facility will also go toward the building of 9,000 square feet of retail space. In total, the plot is across one acre on Fulham High Street. The development will comprise 48 apartments – [...]
Number of new homes registered in London dropped by a third last year February 3, 2017 New home registrations in London dropped by a third last year as developers put the brakes on building following stamp duty reforms and the Brexit vote. The number of registrations – or homes developers plan to build – dropped from 25,760 in 2015 to just 17,322, according to figures from the National House Building Council [...]
New Builds: New homes are on sale in Finchley, Woolwich, Golders Green, Kew and Croydon January 27, 2017 Mantle Developments, Croydon From £430,000 and £875,000 (Help to Buy available) Buy a home and get a Michelin-starred meal cooked in it by chef Jean-Christophe Novelli. Buyers who snap up a property in one of two schemes in Croydon by the end of January through Countrywide will be able to take up the tasty offer. [...]
Focus On Catford: A ‘ripple effect’ from Lewisham’s regeneration has caused price rises in nearby Catford, say agents January 24, 2017 With each great regeneration comes an even greater ripple effect, so sayeth London’s estate agents. And so it is in Lewisham, where new developments and major infrastructure investment have already made the surrounding areas of Deptford and New Cross appealing to first time buyers. But now it’s the turn of Catford, where the Borough Council’s [...]
Volatile sterling can’t stop FTSE set for second week of records January 13, 2017 The FTSE 100 looked set to round out a second week of record gains at lunchtime on Friday, as sterling performance wobbled in volatile trading. Sterling rose as high as $1.2233, but cable has since retreated to trade almost flat at the time of publication. Performance against the euro has fallen more steeply, with losses [...]
Now the London party is over, housebuilders must help tidy up January 13, 2017 Barratt Homes said yesterday it is struggling in London – an admission that came as no surprise. The housebuilder is one of several to have jumped on the London bandwagon in the first half of this decade, merrily buying up land all over the capital as house prices whooshed upwards. But its first half results, [...]
Barratt Developments reports sales struggles in London January 12, 2017 Barratt Developments is feeling the heat in London as it reported today that completions in the capital were down more than 56 per cent. The housebuilder completed on 367 homes in London in the six months to the end of December, down from 842 in the same period the year before. Barratt said it was lowering prices and offering [...]
Construction firms hit brick wall as depreciation in sterling pushes up costs of building materials January 9, 2017 Building projects could be about to shoot up in price, as figures out today show more than seven in 10 UK builders have seen an increase in the cost of materials. Thousands of smaller building firms are now grappling with rising material prices caused by the depreciation of the pound since the EU referendum in [...]