Queen’s Speech confirms First Homes initiative

The Queen’s speech back in December confirmed the government will bring forward measures to boost home ownership, with a consultation to follow shortly on its “First Homes” initiative. In her speech setting out a summary of the government’s intended legislative programme – the second in two months following the general election which returned a Conservative

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Bovis completes GT deal

Housebuilder, Bovis Homes has completed its acquisition of Galliford Try’s Linden Homes and Partnerships and Regeneration businesses and announced a new name for the enlarged housebuilder. The £1.1 billion deal was agreed in November, which consists of a combination of shares in Bovis and cash, and the transfer to Bovis of GT’s £100 million debt

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Taylor Wimpey anticipate hitting year’s target

Taylor Wimpey has reported it is “on track” to deliver its full year expected results, while noting increasing customer caution in higher priced markets, especially London and the south east. Issuing a trading update in November, the volume housebuilder said that good demand for its homes continued in the second half of the year and

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Housing Plan announced by Conservatives

The Conservative party has pledged to deliver 1 million more homes in the next five years and review new ways to support home ownership following the end of Help to Buy, as it reveals its housing plans as part of its election manifesto. The Tories have announced they will deliver “at least” another 1 million

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Bovis agrees £1.1 billion GT deal

This month Bovis Homes has agreed to buy Galliford Try’s Linden Homes and Partnerships and Regeneration businesses in a deal worth £1.075 billion comprising a combination of shares in Bovis and cash. Bovis reported that the deal creates a top five national housebuilder with the capacity to deliver more than 12,000 homes per year over

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Bellway has completion boost

A record number of housing completions was delivered by Bellway in the year ending July 31 2019 with 10,892 homes completed, 5.7% rise from 10,307 last year. Pre-tax profit rose 3.4% to £662.6 million from £641.1 million on revenue of £3,213.2 million (2018: £2957.7 million). Operating margins saw a slip to 21% from 22.1%.  Bellway

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Bovis/GT housing merger set to create fourth largest housebuilder

The potential merger of Bovis Homes and Galliford Try’s housebuilding businesses goes through it would create the UK’s fourth largest housebuilder, says Stephen Teagle, chief executive of Galliford Try Partnerships and Regeneration. Speaking to Housebuilder, Teagle said the possible sale of GT’s housebuilding and partnerships and regeneration arms to Bovis would create a “sector leading regeneration

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“Robust” market conditions reported by Berkeley

During the first four month of its new financial year the Berkeley Group has reported “robust” market conditions in London and the south. Issuing a trading update ahead of its Annual General Meeting on September 6th, the business said that during the period May 1st to August 31st, pricing had remained stable, with the group’s

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Record number of completions for Barratt

Barratt has delivered its highest number of completions for 11 years in the 12 months to the end of June with profit before tax expected to be ahead of expectation at around £910 million against £835.5 million last year. Today issuing a trading update for the year, Barratt said it had completed 17,856 homes including

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Registrations rise – NHBC

Private sector registrations climbed 9% between March and May 2019 against the same period last year, according to the NHBC’s latest figures. During this rolling quarter, 31,322 private sector homes were registered to be built. Registrations for affordable and rental homes climbed 21% to 12,663 year-on-year. In London, the number of new homes registered more

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