Rising interest rates are reshaping the landscape for prospective homebuyers in the United Kingdom. Over the past twelve months, the Bank of England has steadily increased its base rate in
Housebuilding
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The UK housing sector has navigated months of uncertainty ahead of the Budget announcement, with speculation regarding substantial tax modifications creating hesitation amongst buyers and developers alike. Analysis from RBC
Crest Nicholson has issued a warning that jobs are at risk following a downgrade of its annual profit forecast, attributing the move to persistent uncertainty surrounding government tax policy. The
Ministers have announced plans to remove local councils’ authority to block or delay large scale housing projects in England. The government aims to address the slow rate of homebuilding by
Sir Sadiq Khan’s emergency proposals to tackle London’s persistent housing crisis remain under significant scrutiny as major developers express scepticism over their likely effectiveness. The Mayor has unveiled a new
BT has revealed a sharp acceleration in broadband customer losses, with its Openreach wholesale network shedding 242000 lines in the second quarter. This figure marks a rise from 169000 losses
Prominent property developers have called on the UK government to overhaul taxes they argue are undermining the viability of new construction projects. This mounting pressure arrives amid a sharp decline
A bold initiative to build 12 new towns across England is set to be announced at the Labour Party’s annual conference in Liverpool. Steve Reed, the recently appointed housing secretary,
Britain’s second-largest housebuilder, Barratt Redrow, has told shareholders to temper expectations for the coming year, citing uncertainty surrounding potential stamp duty reforms and persistent market challenges. The developer, which commenced
Britain’s largest housebuilder, Vistry, is holding firm to its profit forecast for 2025, despite mounting scepticism in the stock market following a tough first half to the year. The group,
Cement manufacturing in the UK has plunged to its lowest level since 1950, dealing a substantial blow to ambitions of revitalising housebuilding nationwide. According to the Mineral Products Association (MPA),
The UK construction sector has witnessed its steepest downturn since the early months of the Covid pandemic, casting significant doubt on the government’s pledge to deliver 1.5 million new homes
The UK housing sector is witnessing high drama as Housing Secretary Angela Rayner prepares to rescue renowned housebuilding figure Jeff Fairburn whose company’s spiralling cladding remediation liabilities now surpass £100
The Bank of England has unveiled a significant shift in mortgage regulations, potentially enabling 36,000 additional first-time buyers to step onto the property ladder annually. The revised guidelines permit banks
Housebuilder MJ Gleeson has issued a stark profit warning, revealing a decline in earnings due to increased buyer incentives, rising costs, and market challenges. The developer, which focuses heavily on
The UK construction sector is facing another challenging period as new data reveals that activity contracted for the fourth consecutive month in April. Despite a brief bounce-back at the end
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