Completions to fall at Barratt amid flurry of updates from housebuilders September 1, 2024 Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders. The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4, with updates from Vistry and Berkeley Group in the following days. Barratt said in July [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’ August 14, 2024 “A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
UK house prices surge to highest point since January to end months of stagnation after rate cut August 7, 2024 Renewed momentum in the property market has seen UK house prices rise at the highest rate since January, ending a three-month spell of stagnation. House prices increased by 0.8 per cent in July, with the average property now costing £291,268, up from £289,042 in June, according to the Halifax house price index. This surge sets [...]
Shares in Persimmon, Vistry and Barratt soar as Labour victory boosts market outlook July 5, 2024 Shares in property firms Persimmon, Vistry and Barratt have surged this morning as analysts label the Labour landslide victory a "positive" for house builders.
Rightmove: House prices remain stable despite soaring mortgage rates June 17, 2024 Confidence in the UK housing market has slipped ahead of a general election, despite signs of improvement in recent months.
Renting remains cheaper than buying in UK as mortgage rates soar June 17, 2024 The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
Number of borrowers behind on mortgages jumps to eight-year high June 11, 2024 Households are continuing to feel the strain from the Bank of England's interest rate hikes with the share of mortgages in arrears continuing to creep up.
FTSE 100 today: London markets set to open green; US jobs data key for direction June 7, 2024 Asian stocks were mixed, with oil prices up and the dollar near an eight-week low. All eyes were on the US non-farm payrolls report.
Only Labour can deliver the stability businesses need May 28, 2024 Under the Conservatives, entrepreneurs have lived with chaos, drama and – from time to time – farce. Stability will give business leaders confidence and with confidence comes growth, says Paul Lindley Business confidence makes and breaks companies. When governments destroy that confidence, they can destroy entrepreneurs too. Soon after founding and launching Ella’s Kitchen – [...]
Election 2024: Rishi Sunak takes the plunge on July 4 vote May 22, 2024 As the press gathered at London's most famous front door, Sky News said it understood the speculation about an election was correct.