Latest News

£1 billion social homes buy-up proposed

Crest offers customers fixed-rate mortgages

Crest is offering a 5.99% three year fixed rate deal to buyers at its Atrium scheme

Taylor Wimpey to write down value of landbank

Volume housebuilder Taylor Wimpey has announced that it is likely to write down the value of its landbank in the UK by £550 million.

Government and industry launch zero carbon hub

OFT posts further positive results for industry

Most new home buyers have suffered only minor defects with their home, whilst housebuilders are not holding onto land to prevent competition, the Office of Fair Trading (OFT) has revealed in two reports as part of its study into the housebuilding market.

Review of residential property puts customers at centre

The Carsberg review of residential property has called for better protection and information to be available to customers when buying a new build home.

Shareholders question HBOS’s property market exposure

HBOS shareholders are putting pressure on the bank to provide detail about its exposure to the beleaguered housebuilding industry. The bank has a major interest in builders including McCarthy & Stone, Cala, Crest Nicholson, Tulloch and the Miller Group, and questions are now being asked about potential losses or any asset write-downs on these investments.

Economists expect house prices to bottom out in 2009

A poll of economists from banks, building societies and other industry players found that 44% expected the housing market to bottom out in 2009, with a further 38% expecting the decline to hit its lowest point in 2010.

CPA predicts starts will drop to lowest level in 60 years

The Construction Products Association has forecast that new home starts this year will drop to their lowest level since 1945. It expects 147,000 homes to be started, down 27% on last year.

Sustainable construction strategy launched

The government and housebuilding industry have launched a new strategy to improve the productivity, efficiency and sustainability of the UK’s construction sector.