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Industry celebrates success as Homes for Scotland 2012 Award winners announced

May 8, 2012 By Leave a Comment
New Homes

Celebrating the key achievements of the home building industry across a range of initiatives, trade body Homes for Scotland has announced the winners of its 2012 Awards. The Awards focused on four key themes which remain critical to the industry’s future success - customers, people, partnership and design. Promoting sustainability and the environmental agenda, approaches to housing delivery and customer experience as well as acknowledging young talent, the following companies and individuals were recognised in front of a 700-strong crowd at the largest such annual industry gathering at … [Read more...]

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New home prices in the UK increase for the sixth month in a row

April 3, 2012 By Leave a Comment
New Homes

The average asking price for a new home in the UK has increased 0.2% since the start of 2012, the sixth consecutive monthly increase, according to the latest index from SmartNewHomes published today (Monday 02 April). The average asking price is now £229,938, the highest level since October 2008 and £10,226 more than the same time last year, a rise of 4.7%. The new homes market continues to indicate steady long term price growth in contrast with more dramatic price fluctuations in the wider market, where the average home is now £3,854 more expensive than a new home. Ten of the 11 … [Read more...]

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NewBuy scheme ‘unfair to small house builders’

March 13, 2012 By Leave a Comment
The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

The House Builders Associations (HBA) has welcomed the Government’s NewBuy mortgages but warned it could create further barriers for smaller house builders. As only seven of the country’s largest providers are currently working on the scheme, the HBA has accused Ministers of giving an “unfair competitive advantage” over small and medium enterprises. The NewBuy scheme will allow people buying new-build properties to borrow up to 95 % of the value of their new home. Three high-street lenders are offering the new mortgages, in partnership with seven of the country’s largest … [Read more...]

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New home prices outperform rest of UK residential market

March 7, 2012 By Leave a Comment
New Homes

The average asking price for a new homes in the UK in January was £228,909, increasing 0.8% since the end of last year, according to the latest index from SmartNewHomes. It is the fourth consecutive month of price increases in the new homes market and the index also shows that annual price growth stands at 6.1%. The average price of a new home is now £13,123 higher than at the beginning of 2011 and new home prices are higher than they were a year ago in every region. The most significant year on year growth was in the West Midlands, up 15.4%, followed by Greater London at 13.9% and … [Read more...]

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NHBC study reveals public attitudes to energy efficient homes

February 14, 2012 By Leave a Comment
The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

Confusion around zero carbon homes is holding back wide-scale engagement between housebuilders and the general public on energy efficiency, according to a report published today. New research from the NHBC Foundation shows that consumers are highly satisfied with energy efficient new homes but struggle to maximise their potential for saving energy due to inadequate understanding of the technology being used. Launched today in front of an audience of industry representatives, 'Today’s attitudes to low and zero carbon homes – views of occupiers, house builders and housing … [Read more...]

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Asking prices of new homes in the UK rise

February 14, 2012 By Leave a Comment
New Homes

The average asking price for a new home in the UK increased by 1.2% in December compared with the previous month, according to the latest index from Smart New Homes. It means that the last quarter of 2011 saw consecutive monthly increases with prices up 2.6% over the three months, the index also shows. The new homes market saw annual price growth of 3.2% in 2011, which is the first calendar year to see positive growth since 2006, putting the average price of a new at £227,098, some £7,029 higher than at the end of 2010. The company, whose website represents 85% of all new homes in … [Read more...]

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McCarthy & Stone parent hits £230m sale

February 9, 2012 By Leave a Comment
McCarthy & Stone

The Bournemouth-based company behind housebuilder McCarthy & Stone has grown turnover to more than £230m over the past year. Holding company Mandarin 1 now plans to grow sales of its retirement properties to 2,000 in 2015. In its annual accounts Mandarin 1, which owns 100 per cent of the share capital in all ten McCarthy & Stone businesses, said turnover had grown from £203.3m in 2010 to £230.6m in the year to August 2011. Bournemouth's McCarthy & Stone builds retirement properties across the UK, and bought 59 sites during its last financial year. Profit was also up … [Read more...]

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Mortgage success helps Taylor Wimpey buyers make property moves

January 6, 2012 By Leave a Comment
New Homes

Taylor Wimpey in Scotland has an incredible record of getting buyers on the move to their dream home – whether it’s their first step into the property market, or a move up or down the property ladder. Latest figures from Taylor Wimpey in Scotland show that overall 92%* of mortgage applications made by their clients are successful, and that 90%** of first time buyers get the green light on their mortgage application after being pre-qualified by an Independent Financial Advisor. During the month of January, Taylor Wimpey in Scotland would like to encourage all buyers – whether first … [Read more...]

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Housebuilder Barratt Homes is hailing the return of 95 per cent mortgages for buyers of new homes

January 4, 2012 By Leave a Comment
Barratt Homes

LONDON, UNITED KINGDOM, Jan 03, 2012 (MARKETWIRE via COMTEX) -- 2012 will see creditworthy homebuyers in and across the country offered the best chance since the start of the credit crunch to buy a new home without a hefty deposit. Leading housebuilder Barratt Homes is hailing the return of 95 per cent mortgages for buyers of new homes - which was announced by David Cameron and Nick Clegg as part of the Government's national Housing Strategy - as a real boost for the local housing market and local economy. "The key thing about the return of 95 per cent mortgages on new build homes is that … [Read more...]

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Reform needed to halt ‘lost decade’ of housebuilding

December 30, 2011 By Leave a Comment
The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

The UK is at risk of a ‘lost decade’ of housebuilding unless the development industry is reformed, a think-tank has warned. In a new report, the Institute for Public Policy and Research (IPPR) warns that the past two British house building recessions, starting in 1974 and 1990, both resulted in a ‘lost decade’ for housing output. It says there are good reasons to believe the current trajectory of the building sector is “following a similar path to deliver another lost decade for market housing output”. The IPPR says we currently have a housing industry which looks to make … [Read more...]

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