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Brits 'favour new builds over projects'

Less than one-fifth of house hunters are willing to take on a property that requires a lot of work.  People are not keen to bite off more than they can chew concerning refurbishments, with 30 per cent solely focused on buying new builds, according to research by Gocompare.com. Despite the vast majority of respondents admitting they prefer older properties (63 per ...

9th Apr 2014

£300m fund to drive further housebuilding

Councils in England will be able to access additional funding to build more affordable homes. Some £300 million of extra borrowing is being made available as the government targets the construction of a further 10,000 properties.  The housing revenue account borrowing cap is going to be increased over two years from 2015 and the move should address some of the ...

8th Apr 2014

New Homes news archive

Islington Council to clamp down on 'buy-to-leave' problem

Islington Council is set to tackle the problem of 'buy-to-leave' houses by introducing a series of financial measures. At present, many London boroughs are suffering because foreign investors purchase property, but then leave them to stand empty, depriving Londoners of vital housing in the process.  The local authority said up to 50 per cent of new developments ...

1st Apr 2014

Buyer numbers slow as market 'levels off'

Buyer numbers are starting to level off in the UK as the "initial clamour" surrounding the property market dies down, a national body has stated.  After a surge in demand in the previous year, the increase in the number of homebuyers dropped to its slowest rate since March 2013 last month, according to the Royal Institution of Chartered Surveyors (Rics). This ...

13th Mar 2014

Londoners 'should be offered new homes first'

Newly-built homes in London should be offered on a "first or first equal" basis to people from the capital, its mayor has stated.  Foreign cash buyers are driving up prices in London and making it difficult for people who already live and work in the city to purchase property. That is why Boris Johnson is encouraging developers to sign up to the new Mayoral ...

12th Mar 2014

Positive housebuilding figures 'boost property market'

There was a 14 per cent year-on-year increase in the number of new homes registered in the UK in January as the industry enjoyed a strong start to the year.  It builds on the positive results seen throughout 2013, which saw the highest amount of properties built since 2007, according to figures from the National House-Building Council (NHBC). Some 11,489 new homes were ...

3rd Mar 2014

3,000 self-builders to benefit from levy exemption

Up to 3,000 previously mothballed self-build properties will get back underway after a levy exemption was introduced. Self-builders used to have to pay a community infrastructure levy, which could have been as high as £15,000 if a four-bedroom house was being constructed. However, in an effort to boost housing stock and encourage more people to undertake their own ...

25th Feb 2014

Build more houses in villages to meet demand, Royal urges

Additional homes should be built in existing villages rather than developing new towns, the Princess Royal has stated. The UK needs to build 240,000 affordable homes and Princess Anne has questioned the wisdom of creating garden cities. Instead, she thinks between six and 12 new homes could be added to villages throughout the country to deal with the lack of supply.  ...

24th Feb 2014

Brownfield sites sale to bring 68,000 new homes to market

Enough brownfield land has been released by the government to build 68,000 new homes in an effort to inject supply into the market. It means the coalition is on course to reach its own target of developing enough land for 100,000 houses by 2015. So far 430 sites have been sold across the country and more than 135,000 jobs will be supported by the project as the government ...

21st Feb 2014

'Buoyant' housebuilding at 6-year high

Housebuilding in the UK is at its highest level for six years as the government seeks to deal with the imbalance in housing supply and demand. Nearly 123,000 new homes were built in 2013, which represents a 23 per cent increase on the previous year, according to figures from the Department for Communities and Local Government. Despite the poor weather faced by builders, the ...

20th Feb 2014

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