Number of affordable homes started in London plummets July 10, 2025 The number of affordable homes underway in the capital has fallen far short of expectations as tight regulations and cost pressures make sites unviable. The Greater London Authority has so far completed 871 homes under the 2021-2026 Affordable Homes Programme (AHP), according to its annual housing report. This is just over five per cent of [...]
Vistry looks to ‘transformative’ government investment as profit drops July 10, 2025 Housebuilder Vistry has reported a sharp drop in profit but expects activity to pick up later in the year as the government’s affordable homes investment filters into the market. Vistry, which unseated Barratt as the UK’s biggest housebuilder last September, told markets that it expects adjusted operating profit to be £125m in the first half [...]
Keir Starmer accused of hypocrisy over Camden housing targets June 20, 2025 Keir Starmer has been accused of hypocrisy over low housebuilding targets in his own constituency amid a country-wide push to ‘get Britain building again’. Camden council, which falls within Starmer’s constituency of Holborn & St Pancras, has shrugged off the government’s targets for housebuilding this parliament and instead used figures set by the 2021 London [...]
Number of UK homes worth more than a million has doubled since 2019 June 19, 2025 The number of homes in the UK priced at £1m or above has doubled since the start of the pandemic as the housing market continues its upward march. Just over five per cent of homes for sale across the UK are now priced at over a million pounds, versus just under three per cent in [...]
UK house prices drop as motivated sellers slash asking prices June 16, 2025 UK house prices dipped in June amid a jump in the number of homes coming to the market. New asking prices fell by 0.3 per cent to £378,240 in June amid a “decade-high” competition to secure buyers, according to Rightmove’s latest house price index. Prices are now 0.8 per cent ahead of this time last [...]
Will lower stress tests for mortgages fuel a first-time buyer boom? June 13, 2025 Easier access to mortgages might replace the stamp duty holiday as fuel for the starter homes market, with prices forecast to soar if affordability improves. The average price paid by a first-time buyer grew by 2.1 per cent in the first quarter and by 7.1 per cent year on year, according to government data. While [...]
UK housing market: ‘Not fixed, but less broken’ June 12, 2025 Decades of underinvestment, underbuilding and overegulation have clobbered the housing market. The UK is now short about 4.3m homes, with the worst crisis in cities. Labour, which made solving that crisis a central mission of its first year in government, has made tracks to get Britain building again – reforming planning, trying to bridge the [...]
Spending Review: Reeves leaves London short-changed June 11, 2025 Chancellor Rachel Reeves’ inaugural Spending Review fell short for London, the capital’s business advocacy group has said. Reeves’ announcements on infrastructure, transport and skills were received warmly but BusinessLDN has said the Chancellor had failed to fully deliver, leaving the capital “short-changed”. The Spending Review included a four-year settlement for Transport for London with the [...]
Optimism on construction boom lifts housebuilder stocks June 11, 2025 Shares in the UK’s major housebuilders have all risen in the past five days as news of government investment buoys the chances of a construction market boom. Vistry and Crest, which have recently boosted their focus on affordable homes, were particular winners: Vistry has risen by more than 20 per cent since June 6, while [...]
Build-to-rent: UK boom in purpose-built properties June 2, 2025 The number of build-to-rent completions in the last year has shot up in another sign the sector is here to stay in the UK. Completions of built to rent properties – which refers to purpose built, institutionally owned and professionally managed residential blocks of flats – have risen by 16 per cent year on year, [...]