The government wants to kick-start housebuilding with a £3bn housebuilders fund to support SMEs, custom builders and developers, communities secretary Sajid Javid announced today. Javid (pictured), speaking at the Conservative Party Conference 2016, set the target of building one million new homes by 2020 with a focus on SMEs, modular housebuilding and regenerating brownfield sites. […]
LendInvest has launched a non-profit academy designed to teach aspiring small-scale developers the skills they need to build more homes. With the UK needing 300,000 new homes every year to meet demand, whilst only 170,000 were completed in 2015, LendInvest said there is a need for entrepreneurial, independent and small-scale developers who can help fill a gap. […]
LendInvest has urged the government to prioritise SMEs over major housebuilders to increase levels of housebuilding in the UK. In a submission to the Communities & Local Government Committee’s Inquiry, LendInvest told the government to scrutinise land banking and said larger developers who do not develop land in their stock should sell it on to […]
Despite an increase in development in London the new homes are concentrated in a handful of areas and some are so pricey that interest from buyers is waning, according to London Central Portfolio. The result is a deepening new build crisis in inner London in particular and the lack of interest in new builds is seeing […]
The number of newly built homes in the UK has increased 6% in the past year, according to the latest house building data from the government. Some 139,030 new homes were completed in the year to June and have continued to build gradually over the last two years, according to the figures from the Department […]
Short and medium-term real estate lender Fortwell Capital has appointed two development finance specialists to its senior team. Arthur Jennings is appointed to the newly-created position of head of development finance and Nikos Yerolemou to the position of senior analyst – development finance. Jennings has previously held a number of senior real estate appointments at […]
Development finance provider Regentsmead is teaming up with former All Black and Cardiff Blues captain Xavier Rush to develop four grade II listed barns in South Wales. Rush, who has completed listed conversions before, trained as a builder before becoming a professional rugby player. The barns are likely to go on the market early next year […]
Development finance lender Regentsmead has appointed Sam Howard as chief operating officer. Howard joined the company in 2011 after completing an MBA from Said Business School, Oxford and has been a director at the company since 2015. He has a background in property law and managing property portfolios following time spent at Westfield Corp. Howard said […]
The UK construction industry shrank at the fastest rate in seven years in July following the Brexit vote, according to construction PMI data from Markit/CIPS has revealed. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) inched down to 45.9 in July from 46.0 in June — the lowest reading since June 2009. Commercial work, which accounts […]
The Communities and Local Government Committee is launching an inquiry into the capacity of the housebuilding industry which is expected to see it take a closer look at the role of development finance. The Committee is expected to invite the chief executives of major developers to give evidence and will also look at the role of small and […]