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
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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
The Labour government is pressing forward with a controversial planning and infrastructure bill aimed at expediting housing development in a bid to meet its ambitious target of delivering 1.5 million
England is set to undergo a significant shift in its housing sector, as almost all new properties will soon require solar panels to be installed by law. The mandate, expected
The positive trend of increasing girls’ education in developing nations has led to an unexpected economic challenge in the housing market. As more women enter the workforce with higher qualifications,
The capital is experiencing an unprecedented downturn in affordable housing supply, with construction starts plunging by a staggering 88% in the year leading to March. This dramatic decline, from 26,386
British housebuilder Vistry Group has delivered a devastating blow to investors with its third profit warning in as many months, sending shares plummeting on the final trading day before the
Bellway, a housebuilder, pulled out of the £720 million pound takeover bid for Crest Nicholson due to concerns over its smaller rival’s escalating costs after Grenfell Tower. Bellway was reticent
Barratt Developments, the largest housebuilder in Britain, has reported a significant 75% decline in annual profit, alongside a notable drop in home completions, following a challenging year for the industry.
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
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.
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
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
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
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
