Regency Mews: Filling in the spaces in Camden Town March 26, 2015 As space becomes increasingly scarce in sought-after parts of central London, Britain’s biggest housebuilders are looking to literally fill the gaps with innovative architecture. This space in the heart of Camden Town was transformed from a makeshift factory site office into two contemporary London homes. The project was taken on by Taylor Wimpey Central London, [...]
No end in sight for London house price boom: Average asking price soars to more than £600,000 June 15, 2015 House prices in the capital are set to outpace earnings for the foreseeable future, despite government efforts to boost house building and affordability. Average London asking prices have jumped to £613,922 – above £600,000 for the first time ever – according to Rightmove data published today. It marks a rise of 5.8 per cent compared [...]
Taylor Wimpey backs stricter mortgage rules July 7, 2014 Taylor Wimpey yesterday welcomed new Bank of England rules to temper the housing market as “a positive move” as the housebuilder delivered a strong first half of the year. The group said a strengthening housing market helped sales rates and prices of its new homes come in at the top end of forecasts, while operating [...]
Taylor Wimpey hikes average selling price to £224,000 July 7, 2014 Housebuilder Taylor Wimpey says it has performed strongly in the first half of 2014, with sales rates and pricing at the upper end of the company's expectations. The average selling price of completions rose to £206,000 from £188,000 in the first half of 2013, while the average selling price on private completions jumped by nine [...]
David Cameron’s housing construction shake-up fails to build market confidence: Experts disagree residential planning overhaul is game changer July 12, 2015 Housing developers had a bit of a rollercoaster ride last week. First the Budget rocked shares, with changes to tax relief on buy-to-let mortgages – and then, on Friday, the government unexpectedly put house building at the centre of its plan to boost the UK’s productivity. With the cost of a home jumping by 45 [...]
FTSE 100 closes at record high (again) April 10, 2015 The FTSE 100 closed at another record high today, showing that political uncertainties aren't overtly worrying investors. The index finished the day 1.1 per cent up at 7,092.5 points, only the fifth time it's closed above 7,000 since it finally broke that barrier in mid-March. The close follows a record-breaking day in Japan overnight, where the [...]
HSBC provides bounce as FTSE hits new highs – London Report April 27, 2015 THE FTSE rose to another record high yesterday as reports suggesting HSBC will spin off its British retail bank in a £20bn ($30bn) deal boosted stocks. The banking giant was up 3.1 per cent and has already said it is reviewing whether to keep its headquarters in London, given increased regulation and the possibility of [...]
David Cameron courts first-time buyers as 50,000 sign on to home discount scheme April 3, 2015 Over 50,000 people have signed up to the government's programme to give first-time buyers a 20 per cent discount on their new home. An extension of the controversial Help to Buy initiative, the programme means new properties up to £250,000 and £450,000 in London will be subject to deep discounts. However, only those under the [...]
General Election 2015: Tory election victory triggers London luxury property market surge as mansion tax fears dissolve May 10, 2015 In the hours after it became clear that the Tories had won a majority government at the general election, London estate agents reported a surge in luxury property sales as buyers' fears over Labour's proposed mansion tax were allayed. Over £100m worth of top-end central London property was sold on a frenzied Friday as estate [...]
Analyst Views: What was your reaction to Taylor Wimpey’s half year trading update? July 7, 2014 ANTHONY CODLING | JEFFERIES At half time, there is no nervousness or need for a strong pep talk from team boss Redfern. His players are following the set game plan and leaving little to chance, having set the bar high with respect to value vs volume, they have left Persimmon with a lot to do [...]