Building materials supplier SIG warns of tough conditions as headwinds buffet construction market January 9, 2024 Housing supplier SIG rode out sluggish market conditions and expects to post profits at the upper end of its guidance, as investors hope for an upturn in fortunes this year. The firm said it expects revenues of almost £3bn in an update published this morning, with profit being between £50-55m, at the upper end of [...]
Housebuilders Persimmon and Vistry report growing customer demand post-lockdown July 9, 2020 UK housebuilders Persimmon and Vistry this morning reported a boost in customer demand since reopening sales offices after months at a standstill during the coronavirus lockdown. Persimmon said demand was “positive”, with reservations up 30 per cent year on year. The FTSE 100 firm’s share price jumped more than six per cent following the announcement. [...]
FTSE 100 close: London ends week flat after house price slump and US payroll figures September 1, 2023 London's FTSE 100 index started Friday in the green on a quiet results day, as investors look to US payroll figures after lunch for signals of more rate hikes.
What does cooling inflation mean for house prices and mortgage rates? May 24, 2024 Inflation cooled to the lowest level in nearly three years in April, but what exactly does it mean for Britain’s housing market?
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 [...]
Thousands more homeowners to be refunded after ground rents doubled August 24, 2022 Press Association Thousands more homeowners who paid a doubled ground rent on their property will receive a refund after the competition watchdog cracked down on “unfair” leasehold practices. More than 5,000 households in the UK will be compensated after being caught in contracts that saw their ground rents double in price every 10 years. Many [...]
Vistry raises profit target to £325m as housing demand remains high May 17, 2021 Vistry today said its annual profit will come in higher than expectations as the housing sector benefits from a surge in demand. The housebuilder said it had a “very positive start to the year”, securing an average weekly private sales rate of 0.75, up 21 per cent on 2019. Vistry expects to complete around 6,500 [...]
London house prices flatline amid coronavirus uncertainty July 10, 2020 London house prices stayed flat in the second quarter of this year as coronavirus took an uneven toll on the property market across the country, according to new figures. The Halifax house price index on Tuesday showed that UK house prices fell for the fourth month in a row in June. That meant house prices [...]
Almost all UK housebuilders’ revenues fell as fewer homes built during covid July 13, 2021 Only one of the biggest housebuilders in Britain has seen an increase in its revenue and built more homes in 2020, new research shows. The latest research from Warwick Estates has revealed that Vistry Group was the only major house builder which saw improved performance in terms of the number of houses delivered, and in revenue. The [...]
Stamp duty holiday: Industry reacts to property tax cut July 8, 2020 The UK property sector has reacted to the stamp duty holiday announced this afternoon, with many believing it will help to reinvigorate the market following months at a standstill during lockdown. Chancellor Rishi Sunak said this afternoon that the stamp duty threshold will increase from £125,000 to £500,000 until March next year to boost activity [...]