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Redrow’s Profits Drop
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 Redrow’s interim results for the half year to December 2007 reveal declining market conditions. Pre-tax profits fell 34 per cent to £35.8 million on a turnover of £353 million. The profit is down 9 per cent on the previous year.
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Persimmon Interim Results Are Flat
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| Persimmon UK’s largest homebuilder increased pre-tax profits by one per cent to £585m, on a turnover of £3.02bn. Operating margin increased to 21.8 per cent as a result of cost reductions and £50 million in synergy savings following the integration of Westbury.
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Government Supports English Partnership
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| The government is supporting English Partnership’s proposals on future brownfield
development. New development on brownfield land has risen significantly from 60-75 per cent since 1997. Following these excellent figures, the government is adopting a new approach to brownfield land throughout England.
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Carbon Zero Homes Set To Become A Reality
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| Following talks between the Government, home builders and environmental groups, The Home Builders Federation said continual discussions between the Government, home builders and environmental groups is gaining strength as they embark on their ambitious attempt to improve environmental standards. Builders, suppliers, utility companies, and regulators have agreed to a set of pledges to begin meeting the goal set by the government.
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Barratt End Year With Increased Profit
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| Barratt, Britain’s third largest house builder, struck an upbeat tone to the property market. Pre-tax profit increased 10.2 per cent to £194.6m for the last six months of 2007. During the year, the group completed more than 17,000 homes and 145,000 sq ft of commercial property. Completions were 14.8 per cent less than in 2006. The average selling price was £178,000 - an increase of 7.9 per cent - when compared to £165,000 last year.
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Bank of England Keeps Interest Rate Unchanged At 5.25%
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| The Bank of England kept interest rates unchanged as accelerating inflation presented policy makers from cutting borrowing costs to shore up economic growth. The nine-member Monetary Policy Committee, led by Governor Mervyn King, kept the interest rate at 5.25% for the second consecutive month.
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PROPERTY MARKET OUTLOOK IS POSITIVE
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| “Despite the doom and gloom, the UK property market is still full of positives,” claims property expert Assetz. The five major UK house price induces show an average of 8.3% growth for the 12 months prior to November 2007. As predicted, annual growth ended last year at a level of between seven to eight percent. These figures show that average house prices remained strong, with just a marginal fall.
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More Affordable Homes Proposed By Government
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| Proposals to build 12,500 new homes in Hampshire have been submitted to the government by Eagle Star Estates. 5,000 affordable homes are planned within their scheme. The Government is set to announce the development of new “Eco towns,” which it says will reduce carbon emissions and help fight climate change.
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YOUR FIRST HOME IS STILL WITHIN REACH
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| With the average property now costing £150,000, more joint first time buyers have opted to take the plunge and move in together for their first home. Single first-time buyers up to now had normally accounted for more of the purchases than joint first-time buyers partly due to affordability and lifestyle choice. Since last year we have began to see a shift in favour of more couples choosing to move in with their nearest and dearest.
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FIRST TIME BUYERS: Role of My First Home
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| Many first-time buyers think they will never be able to afford to buy a home, but that doesn’t have to be the case. In the United Kingdom, there is a wide selection of stylish homes and apartments, competitively priced. There are many experts available, along with a vast supply of information, to make home ownership easy to understand.
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Random Pick |
| Did you know that low libido and a decrease in your sex drive, is a major warning sign of serious health problems, cancer and early death? Accelerated aging is the main reasons why and how your sex drive, muscle & strength dropped prematurely. |
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