Vistry flogs £800m worth of units to Blackstone funds in pivot to affordable homes November 7, 2023 Vistry has sold £819m worth of homes to Leaf Living and Sage Homes, both backed by alternative asset management giant Blackstone, as the company shifts to becoming a solely affordable housebuilder.
House prices: Shock month on month rise suggests property market beginning to stabilise November 1, 2023 House prices in October were 0.9 per cent higher than in September, figures from lender Nationwide showed before the Bank makes its interest rate call tomorrow. . Compared with October last year, prices were down 3.3 per cent, a less sharp fall than September’s 5.3 per cent drop, Nationwide said. This comes after the Bank [...]
Which region has suffered the most from UK’s £2.2 trillion fall in wealth? October 30, 2023 The rise in interest rates has pushed total household wealth down across the UK, but the impact has been distributed unevenly around the country.
Vistry to cut 200 jobs amid affordable housing shake-up October 23, 2023 Housebuilder Vistry said it will cut 200 jobs and make £40m less profit than expected as part of its shift into being a solely affordable housebuilder. Last month the London-listed firm it would focus solely on building affordable homes via its partnerships business after a volatile housing market eroded demand for building in the private [...]
Parliament urged to back renters reform bill amid fears landlord MPs could rebel October 22, 2023 Parliament has been urged to support the Renters Reform Bill which would end no-fault evictions despite fears landlord MPs could rebel against the legislation. Some MPs who own rental properties say they will be among landlords leaving the market due to what they call an “unconservative” policy on Section 21, according to the Telegraph. But [...]
London house prices fell by 1.4 per cent in August October 18, 2023 House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year. London’s average house prices remained [...]
Gove in a fresh bid to scrap green housebuilding rules and slams Labour’s ‘crude, nimbyist appeal’ October 16, 2023 Communities Secretary Michael Gove has signalled the Government will make a fresh bid to scrap environmental rules to boost housebuilding. The House of Lords last month defeated an attempt by ministers to scrap EU-era rules that force developers to mitigate the impact new homes have on river health. Earlier in the month it was reported [...]
Keir Starmer’s speech: Five things to watch for October 10, 2023 Keir Starmer will make his speech at conference in Liverpool this afternoon in a bid to convince voters he can win the next general election.
London house prices slump again as high interest rates pile pain on mortgage holders October 6, 2023 London house prices cratered again in September as the Bank of England’s interest rate hikes continue to pile pain on mortgage holders and weigh on the housing market. House prices in the capital have fallen 4.8 per cent over the last year, the biggest fall of any region in cash terms at an average of [...]
House sales fall by 16 per cent amid increase in mortgage rates – as industry looks at shoots of recovery September 29, 2023 The number of house sales fell by 16 per cent in August compared with the same month a year earlier, according to provisional HM Revenue and Customs (HMRC) figures. An estimated 87,010 home sales took place across the UK last month, which was 16 per cent lower than in August 2022 but 1% higher than [...]