Buildings are responsible for the consumption of 40% of the world’s energy and 40% of all carbon emissions, according to a white paper released in consultation with industry experts. The paper looks to uncover what the property industry is doing about sustainability and energy efficiency. Property Week.
Bids are invited from companies interested in running the government’s recently announced £3 billion Affordable Homes Guarantees Scheme intended to support the construction of 30,000 affordable homes. More competitive bidding is expected than for the previous, similar scheme that was abandoned in 2015. Inside Housing.
40 major property developers and freeholders have pledged their support for a government initiative to curb unfair “doubling clauses” which have trapped some leaseholders into escalating ground rents and legal charges. The freeholders concerned have offered to alter the terms of the leases of those who have been affected. Gov.UK.
Contrary to expectations of a trading profit, UK start-up Chirp posted losses of £1.59 million, in results that will inevitably disappoint the many peer-to-peer investors who placed their money across the platforms Crowdcube and Angels Den. Fantasy Equity Crowdfunding.
In a week dominated by Parliament’s continued debates about Brexit, housing secretary James Brokenshire has promised that “all contingencies” will be examined on support for social housing in the event of the UK’s no-deal departure from the EU. Inside Housing.
With more homes (2,645 – a 9.4% increase on the previous quarter) being sold by councils than there are being built (1,038 – a 32% reduction) the Chartered Institute of Housing (CIH) argues that the end of the Right to Buy scheme is nigh. 24 Housing.
Latest statistics from the Ministry of Housing, Communities and Local Government show that a total of 42,970 new homes were completed in the final quarter of 2018 – up 2% on the previous quarter. New starts, however, were only 40,580 – an 8% reduction on the previous three months. Gov.UK.
Homebuyers are set to enjoy the protection of a New Homes Ombudsman, announced by the Communities Secretary James Brokenshire. All housebuilders will be required to participate in the activities of the new regulator and industry watchdog, whose brief is to “champion quality of build”, says Brokenshire. Housing Today.
The CEO of the Mace construction group has warned that huge disruption to the UK’s building industry is an inevitable consequence of the no-deal Brexit and that people are fooling themselves if they believe the interruption can be avoided by the stockpiling now of supplies and materials ahead of any such decision. Building Design.
Islington Council in North London is putting together a pool of 24 contractors to carry out construction work on £1.2 billion-worth of construction projects over the next four years. The projects are divided into three separate lots, and the winning tenders from each of eight contractors will be awarded the contracts. Building.
Legal & General has won planning permission to develop a sizeable 200-home Build to Rent scheme on the site of Brighton’s former Longley Industrial Estate. The plans also include some 3,270sqm for commercial use, and the developer is additionally contributing £746,000 towards further enhancement of public space in the vicinity. Landlord Today.
Housing association, Community Gateway Association (CGA), has bought up in the past week a total of 430 dwellings from other housing associations in the northwest’s Preston, Blackpool and Chorley areas. In the last three years, CGA has previously acquired 350 homes and is aiming to own 7,000 by the year 2022. Inside Housing.
Defence contractor Babcock looks set to appoint its first woman as chairman of the board of directors. Ruth Cairnie, who is currently a non-executive director of engine manufacturers Rolls Royce, and a former Shell executive, is strongly tipped for the appointment. City AM.
New directive to be released later today in consultation with 3 P.I.G.S. reveals all housebuilders going forward will need to choose just 3 resources when building – straw, sticks or bricks. Many believe this kind of instruction will prove to be nothing but a lot of hot air especially considering the date of release.