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Housebuilding
Persimmon Sees Surge in Home Sales as Mortgage Rates Dip and Buyer Confidence Rises
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…
Labour shifts housebuilding targets to Tory shires
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, UK housebuilder, warns about profits and raises takeover speculation
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 2024, the UK will cut its spending on affordable housing.
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…