building new homes
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Land & New Homes
London housebuilding collapses by 84% in a decade
Rising build costs and a weak sales market mean contractors are “going bust” and thousands of London homes have been put on hold, Molior warns.
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Land & New Homes
New mayors to get £200m a year to boost stalled housebuilding
Housing Secretary Steve Reed says Government is to provide fresh funding to reboot its 1.5m new homes pledge just two months after Savills reported 'dire' situation within newbuild market.
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Land & New Homes
Major housebuilder delivers blow to minister’s ‘build baby build’ plans
Taylor Wimpey will not return to pre-pandemic output levels this decade as analysts warn that almost all major housebuilders are now scaling back activity.
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Land & New Homes
New Housing Secretary slams ‘unacceptable’ planning figures
Steve Reed vows to leave ‘no stone unturned’ in drive to speed up build process after planning applications fall to record low.
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Latest property news
LAUNCH: New regulations and ombudsman covering new homes sales
New ombudsman is designed, among other aims, to prevent agents or developers employing 'pressure sales' tactics when selling new homes.
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Latest property news
Government’s new homes expansion plans latest casualty of Brexit
Chief Executive of NHBC says significant slowdown in new homes starts is down to the economic uncertainty created by the ongoing political crisis.
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Latest property news
Only 4% of new builds are affordable, says conveyancer
It has been revealed that only 4% of all affordable homes sold in England are new builds. Conveyancing services firm MyHomeMove looked at all property transactions under the £125,000 zero percent Stamp Duty threshold between January and September this year and found that just 3,841 new homes were sold out of a total of 100,656. Doug Crawford, CEO of MyHomeMove, says he doubts whether the government can deliver its affordable homes promises of 40,000 units made in the recent Autumn statement, as so few new homes are being built that can be classed as affordable. “From our own research we know that two thirds of people believe affordable housing should cost less than £120,000,” he says. Some of the figures will make for grim reading for Housing Minister Gavin Barwell. In Berkshire, Herefordshire, Surrey and London only 1,544 properties were sold for less than £125,000 of which just 57 were new builds. The research also reveals the three areas where the most affordable homes, and new homes, were sold. These are Manchester, West Yorkshire and the Midlands, reflecting a strong north/south divide in the figure. The further south you go the fewer affordable homes of any kind are found for sale.…
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Latest property news
London’s DM supports build-to-rent
London’s Deputy Mayor for Housing and Residential Development, James Murray, has identified the build-to-rent sector as a key player in increasing housing supply and is keen to offer more certainty to help it grow. Mr Murray said, “We need to build more homes of all sorts in London, and the build-to-rent model offers an important opportunity to attract investment into new housing in the capital. Build-to-rent can provide high quality, well managed rented homes, including affordable housing, and can potentially deliver new homes faster than conventional developments for sale. I have met representatives of the sector to discuss ways we can work together – we want to support the sector and offer certainty to investors, which is particularly important following the EU referendum result.“
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Latest property news
Good news in the race to build new homes!
16,000 jobs and 10,000 homes to be created by Enfield Council as Barratt London appointed as Meridian Water master developer.
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Latest property news
London Mayor urged to build 50,000 new homes
The next Mayor of London must commit to developing at least 50,000 new homes a year in the capital to help meet growing demand for housing, business leaders have demanded. The CBI’s London Manifesto aimed at candidates in the Election, which will be held on 5th May, insists that the successful candidate must remain firmly focussed on business growth, to ensure that the city is an attractive hub for investment, creativity, skills and tourism. Lucy Haynes, CBI London Director, said, “London’s star has continued to rise over the past few years. From setting a new standard for hosting the Olympic Games to the emergence of Tech City, the capital has shown the world it is still the best place to grow, do business and thrive. “But in an increasingly competitive global race, the next Mayor must take some tough decisions from day one for London to continue to grow and prosper, and to keep the city a magnet for investment and skills. “From building the 50,000 homes a year the capital needs to house its talented workers, and a new runway that will boost our exports to high growth markets, to making the city a global beacon for digital and…
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