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First-time buyers in England could get a home for up to 50% less than market value under the Government's First Homes scheme. We explain how it works and who is likely to benefit.
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years Multiple national lockdowns have spurred many homeowners and potential buyers to revaluate their needs when it comes to house buying. UK house prices surged at their fastest rate in almost 14 years over the past year, while London’s homes remained the priciest of any region despite the lowest annual growth. Stoked by the extended stamp duty holiday, the capital’s house prices at an average of £500,000 were the most expensive of any region in the UK in the year to March – but saw ann...
Share Vistry has also been a beneficiary of the Help to Buy scheme over the past years, and said it has seen 'good demand' so far for the revamped scheme, which is now available only to first-time buyers. In light of the strong performance to date and with a forward book of £2.7billion, Vistry now expects pre-tax profit for 2021 to be around £325million, up from previous guidance of at least £310million. Chief executive Greg Fitzgerald said: 'It has been a very positive start to the year with strong demand across all areas of our business and our private sales rate increasing to 0.75....
First published on Fri 23 Apr 2021 13.19 EDT Jeff Fairburn is back. The former boss of housebuilder Persimmon exited stage left in 2018, after he and his proposed £110m bonus had become a lightning rod for public outrage over the outsized profits being made by developers exploiting government loans to buyers of new-build homes. On Wednesday, the 54-year-old executive returned to the headlines, with the takeover of a developer based in the east Midlands. In a deal funded by a US private equity fund, Avant Homes was acquired by Berkeley DeVeer, a Wetherby-based housebuilder in which Fairburn a...
Speed of vaccine rollout to determine real estate recovery, says real estate dealers PUBLISHED BY According to international real estate company Savills, homeowners, companies, and infrastructure builders were all holding back making construction and buying decisions during the Pandemic. “The pace and efficacy of mass vaccination programs and consequent release from lockdowns and travel restrictions will dictate the rate at which transactional markets recover from here,” said Savills, an adviser to commercial property investors and a residential estate agent. Savills’ revenues for 202...