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I thought this was pretty much obvious by now... Developers blame: cladding bill, planning time, lack of cheap labour and materials, affordable home funding and more importantly buyers who can afford to move. Government promises: more planning officers (long way off) and the

Gravity has its way with inflated prime prices that were backed by foreign investment that has now or is trying to flee the country for sunnier more tax efficient climes. As a result, prices fell -2.1% in May, agreed sales reduced 7% and enquires plummeted 13% on last year. Outer

Peter Bill 15/8/24 Nationwide & the Mortgage Works: 2,900 UK new build housing sites condemned as unsuitable to secure mortgage loans. Includes flagship developments (Battersea Power Station etc). The list grows all the time. Prospective buyers beware! drive.google.com/file/d/1LKmx2D…

Reeves deftly performs some sleight of hand to conjure up more “affordable” funds by re-designating Homes England as a ‘public financial institution’. This means it can act as a bank, disperse low-interest loans for housing and infrastructure projects in a bid to attract

The latest trading update from developer Bellway is upbeat about the year ahead, though it comes with a caveat: continued stability is needed to maintain the current spring trajectory. The groups private reservations rate increased 8.1%, along with their forward order book ⬆️

Coming to a council near you: ‘Extract’ the digital AI tool developed with Google that can scan documents in minutes, speeding up and freeing up planning departments who are still struggling to get the staff. estateagenttoday.co.uk/breaking-news/…

Waiting for reality to sink in can be onerous but hugely beneficial “Where a property has been listed for six to 12 months, double-digit reductions mean they are selling. Switched-on domestic buyers are seizing the moment while there’s less competition.” Financial Times Josephine Cumbo

Transaction numbers nose dived in May but prices only dipped on average by 0.1% according to Acadata Ltd latest HPI for May, which covers transactions in England and Wales. London had a good month, prices edged up causing less of a drag on the overall price index but remained 5%

Rachel Reeves borrows £39bn to “grant”  local authorities, private developers and housing associations their new home wishes over next 10 years. At the same time social landlords were permitted rent increases of 1% above inflation making Angela Rayner’s dreams come true.

Affordability limits rental growth to 2.8% annually, making the average UK rent £1,287,  £35 more than in April last year according to Zoopla. The areas still pushing boundaries remain on the fringes of towns but close to cities. Wigan and Carlisle reported a 8.8% rise while

The foundations and building blocks of the new homes revolution stumble as inflation takes hold and demand wanes. As a result; in Ibstock, the UK’s “leading manufacturer” of bricks and concrete products, latest trading update they now expect full year 2025 adjusted EBITDA to be

Living longer means working and borrowing longer to keep up. "38,510 new loans were advanced to older borrowers in the first quarter of this year, marking a 33.5% annual rise The value of this lending was £6.1 billion – a jump of more than two-fifths (42.6%) compared with the

There was no change to average UK mortgage rates today. The market looks to be holding a steady resting rate as it continues on its long road to recovery. Any economic shocks though could easily have it spiking again or even reducing to get buyers up and moving again