Five reasons the UK has a housing crisis March 12, 2025 Britain's housing crisis is acute: the nation today has a backlog of 4.3m homes. Here's why.
Foxtons: Estate agent boosts dividend as property sales pickup March 5, 2025 London’s biggest letting agent, Foxtons, has raised its final dividend by 30 per cent after double-digit revenue growth. The company’s growth was driven by sales rather than lettings in the year ended December 31, 2024, with sales revenue up 31 per cent year on year and lettings up five per cent. Foxtons added that sales revenue [...]
House prices hit record high in January ahead of stamp duty deadline February 7, 2025 According to new data, the average UK house price hit a record high of £299,138 in January ahead of the loss of first-time buyer stamp duty relief in April. House prices rose 0.7 per month on month and three per cent year on year, with London retaining the highest average house price in the UK [...]
House prices ‘gathering steam’ before stamp duty changes January 30, 2025 The UK’s housing market got off to its strongest start in three years in 2025 as both demand and supply increased, according to new data. Buyer demand was up 13 per cent and 10 per cent more homes were on sale, with rising sales supporting UK house price inflation of two per cent year on [...]
Taylor Wimpey: Housebuilder holds guidance but warns of cost pressures January 16, 2025 Taylor Wimpey has said it’s on track to meet its profit target for the year, but echoing a similar warning from rivals Persimmon and Vistry, said rising costs could be a headwind to growth in 2025. The FTSE 100 firm expects an operating profit of £416m for 2024, down from £470.2m the year prior, according [...]
Persimmon: FTSE 100 builder reaps benefit of higher house prices January 14, 2025 In a trading statement covering 2024, the firm delivered a total of 10,664 homes, up seven per cent on the previous year and slightly ahead of market expectations.
Property analysts forecast strong spring as stamp duty deadline looms January 10, 2025 Activity in the UK’s property market closely followed government policies on tax last year, something set to continue as the reality of the stamp duty deadline sinks in for first-time buyers. Real estate experts have predicted a burst of activity in early spring ahead of the end of stamp duty relief for first homes, which [...]
Foxtons acquires commuter town estate agents in expansion drive October 29, 2024 Estate agents Foxtons has acquired two smaller companies in commuter towns as it looks to expand its presence in the lettings market. Haslams, in Reading, and Imagine, in Watford, will be bought by Foxtons for £7.6m and £5m respectively. The acquisitions will increase Foxtons’ footprint to 64 branches, as well as delivering an extra 2,900 [...]
Barratt Redrow: Builder outlines growth plans after merger October 23, 2024 Barratt Redrow outlined its growth plans today in its first trading update as a combined group. Created by the merger of homebuilders Barrett and Redrow, the combined group has laid out plans to build 22,000 homes a year in the medium term. That would make it one of the UK’s largest house builders. In its [...]
Galliford Try hikes dividend as profit surges October 3, 2024 Galliford Try has reported a more than tripling in annual profit and hiked its dividend as the housebuilder's earnings surpassed analysts' expectations.