Highlights The number of homes sold in the UK witnessed a sharp decline of over 52% in October 2021. The significant drop in residential transactions could be due to the end of the tax break holiday on property purchases and seasonally lower sa...
Highlights The average house price in the UK rose by 11.8% to a record high of £270,000 in the first nine months of 2021, as per the latest data released by the ONS. Sustainable high demand from consumers is beneficial to the housing sect...
Highlights Savills’ revenue stood at £932.6 million for H1 2021 ended 30 June, representing an increase of £141.2 million from the previous year’s £791.4 million. TLT advised Network Homes Limited, a provider...
Highlights The UK government is all set to revise the UK’s ageing housing stock that accounts for around 20% of the country’s CO2 emissions. UK’s Victorian Housing stock may lose some value if further energy efficiency r...
HIghlights The UK’s residential properties market has been booming after the Covid-19 pandemic, witnessing a steady recovery. In addition, the demand for rental apartments is also improving. Stoke-on-Trent is the cheapest city for tenants...
HIghlights Taylor Wimpey’s revenue stood at £2,196.3 million in H1 2021 compared to £754.6 million in H1 2020, representing an increase of 191% year-on-year. For H1 2021, Persimmon new home completions were 7,406, repres...
HIGHLIGHTS Ibstock recorded revenue of £202 million in H1 2021 compared to £151 million in H1 2020, representing a year-on-year increase of 54%. Balfour Beatty announced a dividend of 3.0 pence per share for the period H1 2021. CRH...
Highlights Average property price rose by 0.7 per cent in October on a month-on-month basis, to £250,311 despite the ending of the stamp duty holiday. It is a 9.9 per cent annual price rise and is also £30,728 higher than prop...
About 550,000 homes in the UK are estimated to be in the sales process at present. According to Rightmove, this was, however, lower than 700,000 home sales in June, when homebuyers rushed to gain the maximum discounts available under the stamp duty...
The Autumn budget has got some tough news for the homeowners. According to the data released by the UK government’s independent forecasting unit, homeowners are facing very high mortgage rates amid rising inflation. OBR’s report was quo...