More surveyors report rising prices but increasing lack of stock is still the main driver
Activity in the UK housing market has shown a marked improvement, the RICS’ latest survey has revealed. Read the rest of this entry »
False dawn’ for UK house prices
September 14th, 2009
Ernst & Young predict values will not reach 2007 peak for five more years
The recent rise in house values is a “false dawn” and the prices of UK homes will not return to their 2007 peak for at least another five years. Read the rest of this entry »
Galliford Try plans £119m rights issue to boost housebuilding
September 11th, 2009
Group plans housebuilding expansion to exploit recovering market after posting £27m full-year loss
Galliford Try has said it plans a rights issue of £119m to restart expansion in housebuilding, after a £26.9m group loss announced today. Read the rest of this entry »
House prices rise 0.8%, says Halifax
September 10th, 2009
Bank reports that average price has risen to £160,973, after second increase in a row. Read the rest of this entry »
Berkeley highlights £300m net cash
September 9th, 2009
Group contemplates more scheme purchases to add value, as forward sales remain above £600m
Berkeley Group is expected to highlight a strong balance sheet at its AGM today, as chairman Victoria Mitchell makes an interim management statement for the period from 1 May to 31 August. Read the rest of this entry »
Barratt Developments to issue £500m of new shares
September 8th, 2009
Housebuilder plans cash call when full-year results are announced to reduce debt pile and fund land purchase. Read the rest of this entry »
Two throw hats into ring for construction adviser role
September 7th, 2009
SEC Group’s Rudi Klein and Constructing Excellence’s Vaughan Burnand register interest in post
Two leading industry figures have thrown their hats into the ring for the job of chief construction adviser. Read the rest of this entry »
It’s not just the housing market that’s showing signs of recovery
September 4th, 2009
It’s not just the housing market that’s showing signs of recovery, When a housebuilder needs to find staff quickly without the sting of huge recruitment bills, Read the rest of this entry »
Bovis Homes launches share issue to raise cash for land
September 3rd, 2009
Housebuilder’s share placement opening today is aimed to provide £60m to buy development land
Bovis Homes is set to place 12.1 million ordinary shares in a bid to raise £60m for new land. The placing represents 10% of the firm’s share capital and will be launched today. Read the rest of this entry »
House prices rise for first time in two years
September 1st, 2009
Survey reveals 0.1% increase in August despite -6.7% year-on-year growth
House prices have risen for the first time in two years according to research from Hometrack, an independent housing research company. Read the rest of this entry »