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.
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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
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
