The number of new build starts fell by 7% to 157,550 in the year to September 2019, signalling that the government is failing to meet its housebuilding targets. On a more positive note completions rose by 9% to 177,980 – however that is still well short of the government’s aim to deliver 300,000 homes a […]
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Plans have been approved for the next phase of a 3,000-home new town taking shape to the west of Newcastle. Ashberry Homes will build 184 new homes on land at Callerton after planning permission was granted by Newcastle City Council. Darren Pelusi, sales manager for Ashberry Homes Durham, said: “We are naturally pleased that our […]
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Annual house price growth jumped to 1.9% in January 2020, up from 1.4% in December 2019, Nationwide’s House Price Index has revealed. House prices jumped up by 0.5% on a monthly basis – further signs that the housing market is finally bouncing back from a sluggish 2019. Between November 2018 and 2019 yearly house growth […]
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A tax specialist has warned homeowners who rent out another property that they must prepare ahead of a ‘game-changing’ tax change. From April, those who own more than one house may pay higher taxes when they come to sell the property as part of a government overhaul of the ‘lettings relief’ tax arrangements. Gary Priest, […]
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The proportion of tenants negotiating rent reductions fell from 1.6% in November to 1.1% in December, the lowest figure since records began in January 2015. In contrast, ARLA Propertymark’s December PRS report found that 32% of agents witnessed rent increases in December. This figure is up from 16% in December 2017 and 18% in December […]
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Countryside, the developer, has promoted Daniel King to managing director of its partnerships West London region. King joined Countryside’s graduate programme in 2008 and worked in both partnerships and housebuilding divisions before joining the partnerships West London region. Mike Woolliscroft, chief executive, Partnerships South, Countryside, said: “We are delighted to have appointed Daniel to lead […]
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David Wilson Homes has released details of new home designs to feature at its latest development, Birds Marsh View in Chippenham. The housebuilder is unveiling a range of two, three and four bedroom homes at the site. Louise Ware, sales director at David Wilson Homes, said: “Early availability here at Birds Marsh View includes an […]
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Housebuilder St. Modwen Homes has installed two modular properties at its Victoria Park development in Stoke-on-Trent. This is the first time the housebuilder has delivered modular homes, which were manufactured offsite by ilke Homes. Stewart Court, design manager at St. Modwen Homes, said: “Victoria Park was the ideal scheme for us to incorporate modular units, […]
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House prices are expected to rise by 4% this year, as the housing market continues to recover. Research consultancy Pantheon Economics revised up its price growth expectations in 2020 from 2.5% to 4%, though its forecast for 2021 remained at 3%. Pantheon said the primary driver of the recovery has been falling mortgage rates, as […]
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The outcome of this Thursday’s base rate decision is “on a knife-edge”, after two in nine Monetary Policy Committee members voted for a cut back in December. That was the view of Neil Shearing, group chief economist of Capital Economics, though the economic consultancy predicted that the MPC will “probably” resist pressure to cut interest […]
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