Businesses in London may have to buy or rent homes for their employees if the UK government doesn’t take care to avoid replicating the Irish housing crisis, say leading audit, tax and business advisory firm, Blick Rothenberg. Heather Powell, head of property at the firm, said: “Recruitment teams at major employers in London, especially in […]
Aarin Chiekrie, equity analyst, Hargreaves Lansdown: “Persimmon’s had a great first half to the year, despite the ongoing affordability issues weighing on buyers’ purchasing power. Revenue growth came from a healthy mix of both higher sales rates and average selling prices. Given Persimmon’s houses are typically cheaper than the UK average, its selling prices were […]
As well as proposed changes to the NPPF, the government has announced its intention to deliver the largest programme of new towns since the post-war years. Housing expert Sir Michael Lyons, supported by Dame Kate Barker, has now been appointed to lead an independent taskforce to assist in the delivery. New towns will have the minimum […]
Take up in the first half of 2024 is down by 56% across the South East industrial market, according to SHW’s H1 2024 Industrial Focus, however the outlook for the next 12 to 18 months is more positive with the political and economic climate now becoming more certain, and 3.5 million sq ft of lease […]
The Home Builders Federation (HBF) has expressed support for government’s steps to tackle the constraints of housing delivery. The statement, which has been signed by more than 30 home builders, comes in response to the Deputy Prime Minister, Angela Raynor’s statement in the House of Commons outlining proposed planning reforms, including the reintroduction of mandatory […]
Savills David Jackson and Charlie Collins discuss the new Labour government’s proposed reforms to the National Planning Policy Framework (NPPF) and Standard Method of Housing. On 30 July 2024, the new Labour government published a draft of the revised NPPF, which is now available for public consultation until 24th September. Secretary of State for Housing, Communities […]
Continued high build costs, planning delays and debt finance costs have impacted prices being paid for sites across the South East, according to SHW’s Q3 2024 Development Focus. Tim Hardwicke, SHW’s partner and head of agency, comments: “Despite this, there is activity in both the residential and commercial development markets, although developers are being more […]
In the first State Opening of Parliament, King Charles set out new legislation prioritised by the new government to “get Britain building” with a Planning and Infrastructure Bill. Following the speech, Neil Jefferson, chief executive of the Home Builders Federation, said: “The ambition on housing delivery and policy proposals put forward to deliver them are positive and […]
In June 2024, the number of registered company insolvencies in England and Wales was 2,361, 16% higher than in May 2024 (2,040) and 17% higher than the same month in the previous year. Company insolvency numbers also remained much higher than levels seen during the Covid-19 pandemic and between 2014 and 2019. The construction industry […]
The National Federation of Builders (NFB) has announced the launch of the Ask NFB digital knowledge hub, a cutting-edge platform designed to offer construction businesses instant and comprehensive advice. The new Ask NFB platform marks a significant milestone following the rebranding of NFB’s advice lines and document library earlier this year, which consolidated the NFB’s existing advice lines […]
