Two more years of misery for London housing market, analysts suggest October 25, 2023 A recent report suggests house prices, including those in London, to decline in the coming months, but the decline will "not likely be sufficient".
How long-term mortgages could help solve the UK housing crisis May 10, 2024 Short-term mortgages are great for some, but their prevalence is exacerbating challenges for first-time buyers, writes Elliot Reader.
Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
Breaking £370k mark: Average UK house price expected to jump by £40k within the next five years November 10, 2021 The average house price across Britain is expected to break through the £370,000 mark within the next five years, as property prices may rise by more than £40,000. Giving its predictions up to 2026, Savills predicts that the typical property value will increase from £327,838 in 2021 to reach £370,785. The property group expects the [...]
Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.
Legal and General rows in behind Reeves’ housebuilding drive with £125m fund July 15, 2024 Legal & General has thrown its weight behind the government’s house building push today with a pledge to inject at least £125m of pension cash into affordable housing.
Troubled sale of Siemens UK head office eyes second chance May 2, 2024 The UK headquarters of Siemens has been put back up for sale two years after the German giant first attempted to offload the building.
Build, Baby, Build: Affordable housing is too hard to sell July 1, 2024 There is a quick fix to get house houses built: Reform Section 106 to make it more viable for developers to sell affordable housing, says Jonathan Seager Housing has been one of the top issues during this general election campaign, with political parties jostling to one up each other in their pledges to tackle a [...]
Rampant housing demand boosts Santander profits July 28, 2021 Strong mortgage lending boosted Santander’s profits in the first half of this year as demand in the UK housing market soared. Profits before tax at the lender were up more than fivefold to £751m, up from £148m in the same period last year. Higher net-interest income – the difference between what a bank receives from [...]
Lloyds housing fund snaps up £300m Watkin Jones scheme in London’s Stratford July 29, 2024 A housing impact investment fund run out of Lloyds Banking Group has snapped up a new 397 bed purpose-built student accommodation (PBSA) development in Stratford in a deal worth nearly £300m.