Housebuilders Countryside Properties report that it has completed a total of 1,055 new homes in the second quarter of this year – maintaining a similar output to the same period in 2018. The average selling price of its private homes remains stable at £374,000. Housebuilder
Spokesmen for the UK’s Housing industry have called on the new Prime Minister to make the development of new homes a national priority. In a climate of recession, investment in affordable housing may help reverse the current economic cycle, argue analysts. Inside Housing.
Developers Rockwell have appointed Sisk UK South to provide pre-construction services on a 30-storey mixed-use tower at Westferry, Canary Wharf in London, when work on the derelict West India Dock Road site begins this autumn. The tower will incorporate a 400-bedroom hotel and 66 apartments for private sale. Construction Enquirer.
Core Living – a housebuilder specialising in build-to-rent – has partnered with landowners the Harworth Group to construct 500 homes on sites in Yorkshire at Coalville, Doncaster, Rotherham and Wakefield. Property Week.
A half-day conference on the benefits of offsite construction of new housing takes place on the 26th of September at the Bloomsbury Hotel in London. Building.
In a boost to potential development within the region of the Northern Powerhouse, the Prime Minister has also announced public investment in a new high-speed rail service across the Pennines between Leeds and Manchester as part of a total £39 billion funding for the rail network serving Hull, Liverpool, Manchester, Newcastle and Sheffield. New Civil Engineer.
Since its launch in 2013, a total of £12.46 billion has been lent – mostly to first-time buyers – by the Help to Buy Equity Loans scheme. The average value of a loan was £56,257 on homes with an average selling price of £260,218. The scheme has so far helped in the purchase of a total of 221,405 homes. Gov.UK.
A contentious appointment by the new PM, was Esther McVey as the country’s new Housing Minister, succeeding the previous incumbent Kit Malthouse. She is supported by Robert Jenrick as Housing Secretary. McVey formerly held the post of Works and Pensions Minister, largely responsible for the roll-out of Universal Credit. Mirror.
To ease the imbalance of supply and demand for social housing, PM Boris Johnson is considering public funding for new part-rent part-ownership schemes to encourage increased homeownership and lessen the demand for affordable rents. Property Industry Eye.
By the end of this year, Capital and Counties (Capco) hope to complete a demerger resulting in separate entities for the two arms of its business – one centred on its Earls Court estate and, the other its retail properties in London’s Covent Garden. Property Week.
Inspired Villages – the retirement homes arm of developers Legal & General (L&G) – plans to include options to rent homes within its schemes for the over-65s. L&G intends to develop 50 communities around the UK for this age group within the next ten to twenty years. Housebuilder.
The Mayor of London, Sadiq Khan, has reversed Barnet Council’s previous rejection of planning permission for a major development of 884 new homes on the currently derelict Pentavia Retail Park in Mill Hill, in the north of the capital. Intervention by the Major comes a year after the council’s rejection of the scheme. Inside Housing.
After being sacked in April for some inflammatory remarks, Sir Roger Scruton is now back in his post as a government housing adviser in his role as chairman of the Building Better, Building Beautiful Commission. Times.
The Chairman of the government’s Homes England organisation, Sir Edward Lister, continues to enjoy an indefinite period of leave having once been tipped to become the new PM Boris Johnson’s chief of staff – a role instead given to Dominic Cummings. Huffington Post.
Gateshead Housing Company (GHC) – the arms-length management organisation of Gateshead Council and which owns 19,000 homes in the district – has been placed under terms of review following its alleged breach of a string of Home Standards surveys. Inside Housing.