Berkeley: On track but government housing plans require a ‘change of attitude’ September 6, 2024 Housebuilder Berkeley is on track to deliver £525m of pre-tax profit for the full year, according to an update from the firm this morning. The business, which is based in Cobham, England, said 90 per cent of this profit has already been secured through exchanged sales contracts. Berkeley also said it is “fully committed” to [...]
Vistry ‘significantly outperforms’ housing market September 5, 2024 British housebuilder Vistry has reported a rise in revenue and said it is on track to build close to 20,000 homes this year, bucking the trend in a struggling industry. Revenue rose by 11 per cent to £1.97m in the half-year ended 30 June 2024, while operating profit rose 10 per cent to £227.3m. Profit before [...]
Hold the champagne, the housing market upturn is meaningless without rental reform August 21, 2024 The recovery in the UK housing market recovery is redundant while the rental sector remains in pieces, writes Purplebricks CEO Sam Mitchell.
Savills: Bank of Mum and Dad to pay out almost £30bn over the next three years August 16, 2024 First-time buyers will receive almost £30bn in financial support from their parents over the next three years as the housing ladder slips increasingly out of reach for independent young buyers. Gifts and loans from the Bank of Mum and Dad totalled £9.4bn in 2023, according to the latest analysis from property firm Savills. This figure [...]
There’s a hidden carbon cost to the government’s housing targets August 15, 2024 But an innovative use of cement could help reduce the construction sector’s emissions, writes Dalraj Nijjar
Danger! Labour want all our new homes to be ugly August 9, 2024 Labour thinks it's 'ridiculous' to consider beauty when building new homes and towns. That's a travesty, says James Price
Build, Baby, Build: If you want growth, you need social housing July 24, 2024 Key workers are being priced out of renting in London, placing huge human and economic costs on the capital. By recognising the value of social housing to people and to the economy, we can make the case to build more much-needed social housing in London and create a more affordable, more inclusive city for all [...]
King’s Speech: Labour to phase out leasehold system July 17, 2024 Labour will ban the sale of leasehold flats and attempt to replace the system with commonhold, according to plans unveiled in the King's Speech today.
Savills: ‘Maturing’ build-to-rent market needs staggering £300bn to meet demand July 9, 2024 The build-to-rent sector needs a total of £300bn of investment if it is to meet future levels of demand even after the sector has begun to emerge as "a mainstream investment in the UK", Savills has warned.
Election 2024: Thousands of homes ‘lost’ to Airbnb, Labour’s City candidate warns July 2, 2024 Properties that could be “thousands of homes are lost to Airbnbs” in London, Labour’s candidate for the Cities of London and Westminster has warned.