Housebuilding

In an effort to boost the construction of affordable homes, UK Chancellor Rachel Reeves is planning to introduce a 10-year formula in the upcoming October Budget. This formula will allow for annual rent increases in England based on the…

In a significant move within the UK housing market, Blackstone, the American investment giant, has sold over 3,000 shared ownership homes to the Universities Superannuation Scheme (USS) for £405 million. This transaction marks the largest…

Persimmon, one of the UK's largest housebuilders, has strengthened its housebuilding forecasts for the year, citing encouragement from the new Labour government's planning reforms. The company's outlook is already being bolstered by…

The UK housing market is showing signs of recovery, with Persimmon, one of the country's largest housebuilders, reporting a significant increase in home sales. The developer has benefited from lower mortgage rates and a boost in consumer…

The Ministers will shift housebuilding targets from Labour-supporting large cities to more rural Tory corelands and stop local councils from blocking development because it is "out of character" in their surroundings. London's housing…

Crest Nicholson is one of Britain's biggest housebuilders. It has now issued its third profit warning due to rising costs. This has sparked speculation that the company could be a target for takeover if its fortunes do not improve. In…

In response to budgetary pressures, housing associations in England cut their spending plans on new affordable homes for 2024. This could worsen the acute shortage of social houses in the UK. According to Centrus, an adviser who works…