Legal and General mulls multi-million pound sale of housing arm Cala March 18, 2024 Legal and General is drawing up plans to sell Cala Group, one of the UK’s biggest house building groups, which it has owned for the past six years.
Barratt’s £2.5bn merger with Redrow now hinges on sale of 10 houses August 8, 2024 A £2.5bn merger between housebuilders Barratt and rival Redrow now hinges on the sale of 10 houses after the Competition and Markets Authority (CMA) said the deal could create local competition issues. In a ruling issued this morning the watchdog said the deal, announced in March 2024, could lead to a “substantial lessening of competition” [...]
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown February 20, 2024 A Scottish house building company is one of the latest to be financially bruised by last year’s slowdown in property sales.
Mortgage lending expected to surge to record £316bn in 2021 December 13, 2021 Mortgage lending is expected to top £316bn by the end of 2021 after house sales rose to their highest level since the financial crash.
London to buck UK trend with uptick in 2020 housing sales completions November 25, 2020 London is expected to buck the national trend to record an uptick in housing sales completions this year, according to the latest research. Completed sales across the UK are expected to fall six per cent compared to last year, an improvement on the original forecast of a 15 per cent drop, as the housing market [...]
Rent collection rises at Triple Point as social housing REIT explores £20m portfolio sale June 10, 2024 Rent collection increased to 93.3 per cent at the end of March, up from 90.2 per cent at the end of December.
Cost of living crisis? Champagne sales in House of Lords reach highest level for five years January 2, 2024 The cost is up slightly from the 2022 total, when 1,580 bottles were sold at a cost of £85,462.51.
Barratt ‘on track’ but forward sales slow amid house price concerns May 3, 2023 Barratt Developments has assured investors that it is “on track” for the year despite revealing a decline in forward sales, however the group’s share price tumbled 0.32 per cent when markets opened. In a trading update this morning the London-listed house builder noted that the economic outlook remained “difficult” as it posted total forward sales [...]
Supply of houses reaches highest level in eight years as sellers remain confident ahead of general election May 30, 2024 The amount of homes for sale is at its highest in eight years, according to a new report, but this could lead to house prices remaining flat for the remainder of 2024.
Brits just want some space: Detached property sales outpace other housing May 27, 2023 Detached houses were the most popular type of property among existing homeowners moving home with a mortgage in the year to March, according to analysis of a lending giant’s data. Halifax said detached homes accounted for nearly a third (32%) of such sales, rising from a quarter (25%) a decade ago. While detached homes were [...]