Land & New Homes

News focusing on new homes, housing development, land acquisition and joint venture projects between agents and developers.

  • Quadra 'downsizer' development image
    Latest property news

    Downsizers scheme: in touch with new demand

    Currell, the London based residential and commercial agency, has been appointed sole agent to sell Quadra – a ‘downsizer’ development in Hackney.

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  • eu construction workers
    Latest property news

    As Article 50 trigger looms, RICS says a hard Brexit will damage property sector

    The Royal Institution of Chartered Surveyors says a hard Brexit may lead to 176,500 EU member state construction workers being forced to leave the UK, or 8% of the total building industry workforce. As the government prepares to trigger Article 50 and steer the UK towards an exit from the European Union, RICS argues that for Brexit to succeed “it is essential to secure access to the EU Single Market or put alternative plans in place to safeguard the property and construction sector”. Research by RICS also revealed that 30% of the construction professional it surveyed believe hiring non-UK workers was important to the success of their business. “Unless access to the single market is secured or alternative plans are put in place, we won’t be able to create the infrastructure needed to enable our cities to compete on a global stage,” says Jeremy Blackburn, Head of Policy at RICS (pictured). “We have said before that this is a potential stumbling block for the Government, which is working to deliver both its Housing White Paper and Industrial Strategy.” A recent report by Mayor of London Sadiq Khan shows that a significant majority of these EU construction workers are based in…

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  • Latest property news

    80% of smaller builders have disappeared since 1998, research shows.

    The number of estate agents doing business in the UK has had its ups and downs over the years, but its cyclical woes are nothing compared to those of smaller builders, it has been revealed. Eighty percent of all smaller builders have gone out of business over the past 30 years, the research by online property marketplace LendInvest shows. It say there were 12,200 smaller house builders in 1998, a figure which had fallen to 5,700 by 2006 and to 2,400 by 2014. The company says that by increasing the number of smaller builders in the UK back up to 5,000, some 25,000 extra homes could be built every year. This follows a recent House of Lords enquiry that discovered eight of the largest builders in the UK construct 50% of all homes built each year. “Decades of successive governments’ under-investment and muted decisions, coupled with a planning system that defaults to favouring larger sites over small ones has cumulatively left UK housing in a dire situation,” says Christian Faes, CEO of LendInvest (pictured, left). London’s smaller builders In London, agent Kinleigh Folkard & Hayward reckons that while 66% of all new home developments in the current pipeline are being…

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    Bovis reports ‘difficult’ year as snagging bill hits £7.8m

    Shares in top ten house builder Bovis dropped by over 10% yesterday after it revealed that £7.8 million will have to be spent on fixing poorly-built properties. Bovis also said it would be reducing the number of homes it sold during 2017 by up to 15% following a ‘difficult year for the group following a period of ambitious growth’ and that it would be resetting the business and ‘putting the customer back at the centre of everything we do’. The Kent-based company says this is to include improved customer training for all staff, better quality assurance, more effective customer complaints procedures and the creation of a Homebuyers Panel. This is in reaction to recent criticism of the company for putting sales targets ahead of other considerations. This prompted so many homebuyer complaints that a Facebook page with nearly 1,500 members has been formed, and The Guardian newspaper recently completed a highly critical investigation into its build quality and sales tactics. Bovis Homes, which is the ninth largest house builder in the UK by turnover, completed 4,000 properties last year. The company is currently marketing over 110 developments across approximately 30 counties in England from North Y Yorkshire to Devon of which 72%…

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  • SDL Group property exterior image
    Latest property news

    SDL Group welcomes 10,00th B2R tenant

    SDL Group ended 2016 with a new milestone, cementing its bid to become the largest provider of Build to Rent (B2R) services in the UK.

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  • Latest property news

    RIBA House of the Year: Murphy House

    The RIBA House of the Year has been awarded to the best new house designed by the British architect Richard Murphy.

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  • SDL Bigwood housing scheme image
    Land & New Homes

    SDL Bigwood wins major scheme

    Bellway has appointed SDL Bigwood to manage five housing schemes in the West Midlands.

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  • Latest property news

    Are lock-ups the key to solving London’s housing crisis?

    London’s housing crisis could be eased if the capital’s 22,000 unused lock up garages were to be turned into 16,000 one-bedroom flats, it has been claimed. Property crowdfunding platform Property Partner canvassed London’s 32 London boroughs to find out how many lock-up garages each one owned, and how many of them were rented out. It found that there are 53,640 lock-ups in the capital but that 41% of them are either empty or in a state of disrepair. The boroughs with the largest property of empty lock-ups include Ealing (74%), Havering (72%), Brent (71% and Enfield ((70%) which between them have over 6,000 garages lying idle. Property Partner says the unused garages were sold and the land given over to developers, some 16, 100 one-bedroom 500 sq ft apartments could be built in their place, and if multi-storey blocks built in their place instead, 64,000 flats built. The London assembly recently said London needs between 49,000 and 80,000 extra homes built every year to keep up with demand. “When we have a crisis in affordable housing not just in the capital but in the UK, it begs the question whether councils in Britain should either sell off the land for…

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  • Land & New Homes

    25,000 new PRS homes to be built

    Developer L&Q is set to deliver 25,000 new Private Rented Sector (PRS) units, working in partnership with key partners and stakeholders. This represents 25% of the organisation’s vision to create 100,000 new homes over the next ten years.  With estimates that a quarter of the housing stock in London is privately rented, the housing association has already developed a portfolio of 1,436 properties to date, with a short term pipeline of 2,163 homes in the sector currently in development or planning.  The bulk of the new homes will be in London, alongside some schemes in Milton Keynes, Cambridge and beyond.  Build on the majority of schemes in the projected pipeline will delivered by Quadrant Construction, a subsidiary of L&Q, alongside a number of high profile joint ventures.  Diane Hart – Group Director for PRS at L&Q, said, “With a 55 year history in delivering high quality housing, L&Q’s ambition is to deliver many thousands more PRS units to make us one of the UK’s largest providers in the sector.  We have already established a significant portfolio in a relatively short time, including large scale new build schemes, JVs and converted street properties.  L&Q understands that homes matter, and aims to deliver a…

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  • Crest Nicholson's new development image
    Latest property news

    Crest Nicholson’s new £76m development

    Award-winning developer Crest Nicholson has satrted work on its new £76m Totteridge Place scheme in Whetstone, Barnet.

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