Barratt: FTSE 100 developer will bank on mortgage cuts for sales lift February 3, 2024 Barratt Developments will update investors on its half year trading performance this Wednesday, with hopes that cooling mortgage rates will boost its balance sheet.
US banks flag concerns over commercial real estate as debt distress reaches highest level in a decade October 19, 2023 The largest lenders in the US have been building their loss provisions in case loans to the commercial real estate sector turn sour over the coming months.
Renters’ protection on the cards as competition watchdog launches probe into housing malpractice and land ‘banking’ February 28, 2023 Housing tenants could be given extra protections and housebuilders forced to change their practices, the competition watchdog has warned. The Competition and Markets Authority (CMA) has announced a probe into the building and rental sectors, saying it would “need to find” any competition issues that might be holding back house building in the UK. “The [...]
IREP and FuturePlus partner to enhance global sustainability in facilities and asset management May 24, 2023 FuturePlus , the sustainability management and ESG reporting platform and real estate facilities and asset management company, International Real Estate Partners (IREP), have joined forces to create a new global strategic partnership to help businesses put sustainable practice at the heart of their facilities and building management practices. Operating in 50 countries and 6 geographical [...]
Net zero homes: time for a reset report – six months on May 12, 2023 The 28 million households in the UK account for around 14 per cent of our overall carbon emissions. In terms of the scale of the change required by homeowners to meet the government’s 2050 Net Zero target, this will require a home being upgraded every two minutes between now and 2050. The estimated cost of [...]
Barratt warns of skills shortage if solar panels made mandatory for new homes June 12, 2023 The UK's biggest housebuilder has warned of a skills shortage in the country's solar panel sector, arguing that there would need to be significant boost in training for new technicians if the government decides to make the installation of solar panels mandatory for new-build houses.
RICS regulatory board quits en masse amid ongoing dispute with the government June 28, 2023 The building sector has been left in a state of confusion after all of the nine-member regulatory board of the Royal Institution of Chartered Surveyors (RICS) suddenly resigned en masse late yesterday. The RICS Standards and Regulation Board is responsible for reviewing and investigating surveyors who aren’t following industry standards, and it has been one [...]
PMI: House building shrinks for first time since beginning of pandemic July 6, 2022 A slowdown in the UK economy triggered by the cost of living crisis has led to house building stalling, a closely watched survey published today reveals. Activity in the UK house building sector dropped for the first time since May 2020, when the country was in the teeth of the most onerous pandemic restrictions, according [...]
For Gove to make a dent in the housing crisis, he has to look back on Grenfell January 10, 2023 The tragedy at Grenfell left a scar on our housing sector. Michael Gove did a lot last year to make developers and builders accountable for their errors through the Building Safety Act, but nuance will be needed too, writes Elena Siniscalco
Cladding bill nears £2bn mark as Bellway, Vistry and Countryside Partnership pledge to fix homes April 7, 2022 Housebuilders’ pledges to repairing unsafe cladding has neared a bill of £2bn as Bellway pledged £485m to fix homes on Thursday. According to analysis from AJ Bell, the total bill now stands at £1.8bn, with FTSE 100 developer Berkeley yet to declare how much it will provide. The department for levelling up, housing and communities [...]