House prices in top catchment areas soar as parents race to bag places August 13, 2025 House prices in top primary and secondary school catchment areas are now nearly 50 per cent more expensive than the average as competition intensifies amid an increase in private school fees. The average price of a home in the catchment areas of the top 50 primary and top 50 secondary schools in the UK is [...]
Reasons to be optimistic about the UK’s construction sector August 13, 2025 There are some early signs the UK’s beleaguered construction industry is turning a corner as higher demand, higher government investment and lower interest rates set shovels in the ground. Judging by the numbers so far this year, the UK’s construction industry is in a bad place: The sector contracted at the fastest pace since 2020 [...]
Persimmon: Profit jumps as construction activity rises August 13, 2025 Persimmon has reported a double-digit rise in operating profit on increased construction volumes, despite ongoing affordability pressures. The housebuilder told markets this morning that private completions rose seven per cent to 3,987 homes, while total completions rose four per cent to 4,605. It is on track for completions of 11,000-11,500 homes for the full year. [...]
Average age of first-time buyer in London hits 35 August 12, 2025 The average age of Brits buying their first homes has surged over the past two decades as house prices have risen faster than wages. The average age of a first-time buyer in London was 31 in the mid-2000s, but it has since risen to nearly 35, according to new research from Conveyancing Solicitor. Property expert [...]
Derwent: Central London office rents firmly in recovery August 12, 2025 Derwent London has said the fundamentals of the London office market continue to strengthen despite a “volatile” economic backdrop. London’s office market has been in recovery since the end of last year, with falling interest rates and a return to the office helping to support occupancy. “Demand [is] well above the long-term average and [there’s] [...]
Bellway: Issues with government planning reforms cause delays August 12, 2025 Housebuilder Bellway has said local councils have found it difficult to adapt to the government’s changes to the UK planning system, causing delays in the building process. The government recently announced an overhaul of Britain’s clunky planning system, promising to unleash “seismic change” on the country’s construction process. The National Planning Policy Framework (NPPF) has [...]
John Lewis: Losses triple at retail giant’s property start-up August 11, 2025 Losses tripled at the property start-up owned by retail giant John Lewis during its latest financial year despite its income shooting up, it has been revealed. BTR (Operating) Limited has posted a pre-tax loss of £406,000 for the 12 months to 25 January, 2025, new accounts filed with Companies House show. The latest figure comes [...]
Rent on newly-let homes falls for first time in five years after ‘relentless’ rise August 11, 2025 Average rents on newly-let homes have fallen for the first time in around five years, according to a property firm. Across Britain, the average rent on a newly-let property fell by 0.2 per cent year-on-year in July, marking the first annual decline since August 2020, during the height of the Covid pandemic, Hamptons said. Despite [...]
Housebuilders in focus amid Labour’s planning reforms push August 10, 2025 UK housebuilders will be in sharp focus as the sector grapples with construction woes, despite the Government ploughing ahead with plans to stimulate more building. Persimmon and Balfour Beatty will announce their half-year results on Wednesday, and Bellway will provide a trading update on Tuesday. York-based developer Persimmon said in May that forward sales – [...]
House builder blames ‘broken planning system’ and interest rates for loss August 7, 2025 In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]