We’re only building 100,000 new homes a year – that’s nowhere near enough January 8, 2025 High interest rates and slow planning processes mean new home delivery has likely fallen to just 100,000 in the last 12 months. We need to be building four times that many a year to fulfil our moral duty of getting people on the housing ladder, says Brandon Lewis We need to build more homes. It [...]
Build a new town in London December 18, 2024 The government has committed to building new towns with at least 10,000 homes but where should they go? London is the obvious place, says Jonathan Seager If you were asked to picture a new town in England, what comes to mind? Some of the better-known settlements established in the mid-20th century may well feature – [...]
Housing market braces for the New Year rush December 16, 2024 The housing market is getting ready for a big Boxing Day bounce following a seasonal dip in house prices this month. New seller asking prices dropped by 1.7 per cent in December to £360,197, according to Rightmove, but ended the year 1.4 per cent above December last year. Activity remained substantially stronger than the same [...]
How to build affordable housing December 9, 2024 Any plan to actually deliver the 1.5m homes the government has committed to must be guided by pragmatism, not dogma – and lower targets for affordable housing can often result in more actually getting built, says Marc Vlessing The sudden departure of both senior leaders at Homes England is an opportunity to rethink the role [...]
London house prices gloom revealed but owners set for £84,000 boost November 6, 2024 The average home in Britain will be £84,000 more valuable in five years’ time, according to a new forecast, but London house prices will grow slower than anywhere else in the UK. Real estate giant Savills has said it expects the typical property value to reach £442,000 by the end of the period to 2029, [...]
House prices rising slowly but 2024 still a ‘bumper year’ October 28, 2024 2024 is set to be a “bumper year” for house sales thanks to rising real incomes and lower mortgage rates, according to Zoopla’s latest house price index. The level of new sales has increased to its highest level since late 2020, the survey showed. There are 306,000 homes currently working through the buying process, 26 [...]
REA raises Rightmove bid to £6.1bn as it slams ‘lack of engagement’ September 23, 2024 Australian property group REA has upped its takeover bid for Rightmove to £6.1bn, saying it is “genuinely disappointed” with the lack of engagement from the company so far. Earlier this month, Rightmove snubbed a £5.6bn offer from Rupert Murdoch-owned REA, saying it was “wholly opportunistic” and undervalued the British property portal. On Friday, the Rupert [...]
Building on the green belt won’t fix the housing crisis September 5, 2024 Labour’s plans to relax protection for the green belt will incentivise developers to build expensive houses for commuters while leaving city centre brownfield sites to rot, says Sam Fowles Labour has put solving the housing crisis front and centre, promising to build 1.5 million new homes by the end of the parliament. But its key [...]
How Rightmove became London’s (and the FTSE 100’s) most profitable company September 3, 2024 From an unknown tech start-up to the undisputed king of the UK’s online property sector, Rightmove is a shining example of how to turn a simple idea into a whole lot of profit. In its most recent full-year results, the London-listed property portal astounded investors by revealing it had achieved a record 71 per cent operating profit margin – [...]
Price of the average London home on the rise as UK demand rockets August 28, 2024 The ‘average’ London home will now set you back more than £530,000 after house prices in the capital increased for the first time since April 2023, according to figures released today. Data from Zoopla’s latest house price index revealed that London property prices were up 0.2 per cent year on year in the first seven [...]