Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.
The Debate: Should the next government build more new towns? January 17, 2024 We are in the midst of a housing crisis and Labour has committed to a programme of new towns - so should the UK build more Peterboroughs and Stoke on Trents?
London’s housing crisis is acute, but it’s a symptom of global policy failure January 15, 2024 Housing policy has failed on a global scale, it's time to address the core of the issue, writes Maimunah Mohd Sharif.
Natwest boss’s radio blunder betrays the reality of C-suite groupthink January 10, 2024 Natwest chair Sir Howard Davies's housing comments betray the risks of the C-suite echo chamber, writes Simon Neville.
Building materials supplier SIG warns of tough conditions as headwinds buffet construction market January 9, 2024 Housing supplier SIG rode out sluggish market conditions and expects to post profits at the upper end of its guidance, as investors hope for an upturn in fortunes this year. The firm said it expects revenues of almost £3bn in an update published this morning, with profit being between £50-55m, at the upper end of [...]
Housing crisis: Two-thirds of £4.2bn government homes fund remains untouched January 3, 2024 More than two-thirds of a government fund aimed at creating thousands of new homes in the UK remains unspent, despite launching over six years ago.
Best of opinion 2023: Housing special December 22, 2023 Housing was a hot topic in 2023 – prices may have lowered a little (though by less than expected) but punishing mortgage rates and the impact of inflation have squeezed would-be buyers and sparked a mass landlord exodus. Renters’ rates have rocketed, up around 10 per cent year on year. All in all Londoners are [...]
London leads the way as UK house prices drop again December 20, 2023 House prices fell by 1.2 per cent in October, widening from the 0.6 per cent fall recorded in the prior month, according to the latest reading from the ONS. Buyers who purchased a home in October paid £3,000 less compared to customers in the exact same period last year. During the month the North East [...]
Michael Gove: ‘I love Sadiq Khan and am here to help’, but London mayor may lose planning powers December 19, 2023 Michael Gove has said “I love Sadiq Khan” and told the mayor he is “here to help” as he warned City Hall risked losing planning powers for London.
London rents will cool next year – but tenants won’t be out of the woods yet December 12, 2023 Rents will continue to rise in London next year but at a much slower pace than what has been seen over the past 12 months. London landlords are expected to raise their prices by two per cent in 2024, a substantial decrease when compared to the nine per cent hike which was recorded by property [...]