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Mortgage borrowing was curbed by the end of the stamp duty holiday in September, but low interest rates and the race for space are keeping the market buoyant. Net borrowing of mortgage debt by individuals amounted to £1.6 billion in October, down from £9.3 billion in September, according to the latest Bank of England data.…
Britain’s north-south house price divide will “narrow dramatically” over the coming months, a property expert has predicted. After years of lagging behind the south, house prices in the north are now rising faster than any other part of the country with Liverpool in particular proving to be a property market’s hottest region. Jonathan Rolande from…
EV charging ports: INDRA explains what housebuilders need to know A new law which requires all new properties to have EV charging technology has put housebuilders in the driving seat; however, with so many options many will be wondering which direction to take. Complying with the new guidelines is far from a tick box exercise;…
Places for People launches campaign to get women into construction Places for People Group has launched a new initiative which will help young women establish careers in construction. The Group is actively encouraging applications onto its Women into Trades programme – an initiative born out of a commitment to diversity and inclusion. It will offer currently unemployed…
Persimmon’s sales rate surges 30% in 2021 Persimmon’s sales rate has soared along with its pre-tax profits, as demand for new homes remains buoyant. Highlights Good first half performance against the backdrop of the continuing pandemic and the pandemic’s impact in the first half of the prior year – profit before tax of £480.1m (2020:…
Taylor Wimpey’s revenues rocket 190% after sales boom Taylor Wimpey has posted record half year results, with revenues surging 191% as the UK enjoys a housing boom. Pete Redfern, Chief Executive, said: “We have delivered a record first half performance and a strong operating profit margin*† performance of 19.3%, which reflects tight cost discipline as well…
New home registrations hit 14-year high New NHBC data released shows the strongest quarter for new build home registrations since 2007. According to NHBC, the UK’s leading new home warranty and insurance provider, registrations peaked at a 14-year high to 46,452 homes in Q2 2021, demonstrating that supply is increasing rapidly, as house builders and…
Government launches new apps to help with planning decisions The two apps, announced by Housing Secretary Robert Jenrick, are a step towards a fully digital planning system and will save time and money for developers, architects and homeowners by speeding up and simplifying the application process, a statement has claimed. Many home improvements, such as…
Newland Homes commences work on its first zero carbon homes Newland Homes has started work on its inaugural scheme of zero carbon houses in North Somerset, laying the groundwork for homes which far exceed the current building regulations and play a key role in meeting the UK’s climate goals. Newland Homes has spent the last…
The future of smart tech: How homes will look in 50 years From health monitoring panic rooms to biometric sensors in every corner, by 2071 our homes could virtually run themselves, according to insight from a leading smart tech expert. With the recent announcement of the 2025 ban on gas boilers and the government’s focus…
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