Skipton chief: It’s ‘dangerous’ to wait for the government to help build more houses February 29, 2024 Skipton chief Stuart Haire tells City A.M. how he plans to make the country sit up and take note of the building society.
Average monthly mortgage bill rises to £1,150 as new buyers set to struggle September 23, 2022 Average mortgage repayments are now above £1,150, as house sales are set to plummet with further rate-rises expected. Experts at Savills have said the Bank of England’s seventh consecutive base rate rise is hitting home-owners hard, and new buyers even harder. The hike to 2.25 per cent yesterday, the highest since 2014, means home-owners may [...]
Bridgepoint enlists Rothschild for £1.3bn Miller Homes sale amid housing boom October 2, 2021 Bridgepoint is seeking to capitalise on soaring valuations as the housing market booms, with the sale or float of Miller Homes, one of the UK’s biggest housebuilders. The private equity firm has appointed investment bank Rothschild to advise on its potential exit from Miller Homes, four years after it bought the company from GSO Capital [...]
Rents likely to continue rising sharply despite cost of living crisis August 10, 2023 Rents are likely to continue rising sharply despite the cost of living crisis, surveyors are warning. Property professionals’ expectations that rents will rise in the next few months are at the strongest levels seen so far this century, the findings from the Royal Institution of Chartered Surveyors (RICS) indicate. A net balance of 63 per [...]
Unique £4.7m ‘iceberg house’ up for sale in Hampstead July 6, 2021 A unique property dubbed an ‘iceberg house’ for its below-ground build has gone up for sale in Hampstead for £4.7m. The site, which is located just 50 metres from Hampstead Heath and boasts celebrity neighbours Boy George and Nick Mason from Pink Floyd, was previously occupied by garages. It has been built into the ground [...]
FTSE 100 today: London markets set to open higher before BOE policy decision; all eyes on rate cut clues May 9, 2024 Asian markets mirrored Wall Street's mixed performance, with oil prices surged. All eyes were on the Bank of England's policy decision.
Record revenue for Belvoir with 25 years of profit growth April 4, 2022 Estate agency Belvoir has posted record revenue, hitting 25 years of unbroken profit growth. The firm revealed a 39 per cent increase in profit before tax to £9.3m, sending shares up five per cent on Monday afternoon. Group revenue hit £29.6m, up 37 per cent, versus £21.7m in 2020. Last year was the “busiest year [...]
Terrible Thursday for Barratt as energy prices and inflation take their toll on Britain’s biggest housebuilder July 14, 2022 Barratt Developments revealed this a.m. the company is facing a rise in build costs of up to 10 per cent as soaring energy prices and inflation take their toll. Britain’s biggest housebuilder said build cost increases have escalated to between 9 per cent and 10 per cent, up from around 6 per cent over the [...]
UK house prices: Growth down while rents soar by their highest in seven years March 22, 2023 Private rent paid by tenants in the UK rose 4.7 per cent in the 12 months to February 2023, up from 4.4 per cent in the 12 months to January 2023, according to the Office for National Statistics which also reported that house prices increased 6.3 per cent in the same period. Annual private rent [...]
London house prices: How bad will the crash be in the 2023 recession? January 1, 2023 London house prices are expected to fall this year as interest rates rise and the recession bites – but will it be a small slide or a full-blown crash? Property experts are torn A housing market cooldown is expected in 2023 but prices will remain higher than before the coronavirus pandemic started, experts have suggested. [...]