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 [...]
Happy housebuilders push FTSE 100 to yet another high January 5, 2017 The FTSE 100 hit yet another record high today, after it was pushed up by housebuilders following encouraging results from Persimmon. It's the second time this week the index has set an intraday record, having jumped to 7,205 points on Tuesday. However, sluggish trading caused it to slip back, and it finished just below 7,200 points, [...]
Retailers will need to brave fierce headwinds in 2017 January 2, 2017 The high street's cold snap over Christmas and the New Year is not just seasonal. Several chills running through the sector could finally be felt with their full force in 2017. Rising inflation, falling wage growth, escalating costs and sterling's depreciation are all expected to weigh on retailers in the coming months. If inflation takes [...]
Bad Christmas: Housebuilder share prices are falling December 28, 2016 Shares in the UK's largest housebuilders fell today, after a profit warning from one, as well as disappointing mortgage figures. Bovis was the biggest faller on the FTSE 250, with shares falling 4.8 per cent to 815.5p in lunchtime trading after it warned on profits, saying it expected to complete on fewer homes than anticipated [...]