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 [...]
Taylor Wimpey’s profit jumps over 20 per cent February 28, 2017 Taylor Wimpey left 2016 on a high, reporting this morning that its profits jumped more than 20 per cent last year. The figures Profit before tax jumped 21.5 per cent, from £603.8m in 2015 to £733.4m last year, and revenue rose 17.1 per cent year-on-year from £3.14bn to £3.68bn. Read more: Safe as houses? London [...]
Barratt hikes dividend as profits edge higher February 22, 2017 It's been a decent six months for housebuilder Barratt, which today announced it was hiking its divi after profits edged up in the final half of last year – despite a fall in revenues. The figures Although revenues fell 3.2 per cent to £1.82bn in the six months to the end of December, pre-tax profits rose 8.8 per cent to £321m, partly thanks to [...]
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 [...]
Asda is turning friend against friend with this saucy ketchup poll February 8, 2017 Remember that time #thedress caused rifts in families, turned friends against each other and generally broke the internet? Now Asda has done it again, causing a condiment conundrum by asking one simple question: do you keep your ketchup in the fridge? Yesterday the supermarket said one of its stores had begun experimenting with storing ketchup in both [...]
The big winners of the housing white paper: Housebuilders’ and estate agents’ shares are climbing February 7, 2017 If you work in residential property, today is a good day – share prices went up across the board after the government published its long-awaited housing whitepaper. On the FTSE 100, Persimmon was the big winner, with shares rising 2.3 per cent to 1,983p in mid-afternoon trading. That was followed by Barratt, which rose 1.7 per [...]
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 [...]