Housing downturn hits Bellway’s sales

What a difference six months make. In March, when Bellway (BWY) posted its interim results covering the six months to 31 January, the housebuilder waved aside interest rate rises as “modest” and insisted that its “mid-market product remains affordable in a historical context”. Jump forward to its results for […] Click here to view original…

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None of Derby’s residential high rise buildings were found to have unsafe cladding materials during an audit carried out jointly by Derby City Council and Derbyshire Fire and Rescue Service (DFRS) in the wake of the Grenfell disaster in 2017 which claimed 72 lives. All local housing authorities were […] Click here to view original…

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RICS consults on valuation guidance for flat blocks caught in cladding crisis

The surveyors institute hopes new guidance will unlock mortgage lending where work is yet to be carried out The Royal Institution of Chartered Surveyors is seeking views on new guidance for valuers of residential flats in multi-storey blocks with cladding. Lenders have since the Grenfell fire been reluctant to […] Click here to view original…

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Mould, leaks and overflowing bins at centre of Lancaster city centre flats complaints

Mould, leaks, a broken fire alarm and lights are among problems encountered by tenants living at Bridge Square Apartments, built on top of the former bus depot. A 40-year-old Lancaster University researcher who has lived there since January 2020 claims the management of the building has been ‘non-existent’. “There […] Click here to view original…

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Chaos causes ‘carnage’ in Liverpool property market

Government chaos and confusion causes ‘carnage’ in Liverpool residential market with deals pulled, says Alan Bevan of City Residential, adding that ‘cash is now king’. Tony McDonough reports There was ‘carnage’ in Liverpool’s residential property market, says Alan Bevan. Picture by Tony McDonough “Cash is king’ in Liverpool’s residential […] Click here to view original…

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One in 10 fire-risk high rises have not had cladding removed

Buildings still in need of remediation concentrated in London and Manchester One in 10 residential high rises identified in the aftermath of the Grenfell Tower tragedy are still clad with dangerous aluminium composite material (ACM) panels. In total, 48 buildings, largely concentrated around Manchester and Greater London, have yet […] Click here to view original…

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One in 10 at-risk high rises still have dangerous cladding

Buildings still in need of remediation concentrated in London and Manchester One in 10 residential high rises identified in the aftermath of the 2017 Grenfell Tower tragedy are still clad with aluminium composite materials. In total, 48 buildings, largely concentrated around Manchester and Greater London, are have yet to […] Click here to view original…

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Five ways London’s property market can buck Britain’s economic crisis

International buyers are returning to the UK capital but brokers say more can be done to expedite the trend London’s property agents believe more sold signs would appear if stamp-duty taxes were reduced. Bloomberg Despite a pandemic-shaped blip when international buyers dwindled and a small cohort decided that the […] Click here to view original…

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