Latest statistics show that more than 195,200 properties have been bought with the help of the government’s Help to Buy: Equity Loan scheme since its launch in April 2013. Most of these purchases – 81% – were by first-time buyers and the average price paid for a property was £255,542. UK Gov.
The National House Building Council (NHBC) revealed a 6% fall in the number of registrations it received for private homes in the three months November to January compared to the same period last year. 26,668 registrations from the private sector were received and 11,943 of these for affordable housing. HouseBuilder.
Simply building more houses is no answer to the underlying problems of affordability and under-occupation, caused by an expanding but ageing population. So says the Cass Business School in a report for the Centre for the Study of Financial Innovation (CSFI). The School has developed a Dwelling Index to track the expected growth in the numbers of older couples and single people. Property Wire.
On the eve of its announcement of record pre-tax profits, the Bovis group announces its plans to set up a new housing division with the specific brief of developing affordable housing for the UK’s housing associations. Building.
Imagine a construction project covering six residential blocks, a community centre for gatherings and events, two warehouse buildings, an office block and a sports hall and swimming pool – all built with a staggering 4 million volunteer hours. That’s how a project for the construction of new headquarters for Jehovah’s Witness (JW) in Chelmsford, Essex, is shaping up. Construction Manager.
The Kier construction group has been chosen to build the massive 280,000 sq. ft storage facility for the National Collections Centre of the Science Museum at its site in Wroughton, near Swindon. More than just a storage facility, public access, school and research visits are planned from 2023. Construction Index.
A syndicate of Balfour Beatty/Vinci/Systra JV landed the Old Oak Common construction partner role for the £1 billion contract from High Speed 2 on the HS2 project, but that winning bid is now under challenge from losers Bechtel. The latter have just filed their claim in the Technology & Construction Court. New Civil Engineer.
Taylor Wimpey increased output by 2.9% to 15,275 completions in 2018 – compared to 14,842 the year before. Forward orders for the year ahead have already reached 8,304, says the firm, as it posted an increase of 5.5% in pre-tax profits at £856.8 million. HouseBuilder.
Laing O’Rourke has reached an agreement with developers Derwent London for the proposed mixed-use project above central London’s Tottenham Court Road Crossrail station. Worth some £195 million, the scheme is scheduled for completion in November 2021 and follows on from Laing’s imminent completion of the 16-floor Brunel Building in Paddington. Building.
Housebuilders Persimmon have just posted record profits of more than £1 billion as its operating margins jumped from 28% to 31%. The completion of 16,449 homes in 2018 marks a target that the company expects to repeat in 2019, based on its completions to date and strong forward sales. Construction Enquirer.
The property group Grosvenor Britain & Ireland has announced plans for the construction of 5,000 new homes in what it describes as a distinctive community on its 1,160-acre site just east of Chelmsford in Essex. Community amenities for education, leisure and health are also included. Building Design and Construction.
A comprehensive guide has been published for the specification of types of glass to be used in roof lights. The guide covers aspects such as performance, thermal efficiency, light transmission and solar gain, design and delivery, and useful working life. Glazing Vision.
Civil engineers Aecom have a new managing director of its civil infrastructure wing in Mark Southwell. Southwell was previously vice-president of the rail and geotechnical division – responsible for both Crossrail and HS2 – of rivals Jacobs. Building.