Category: Property Development
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Climbing Construction Costs Put a Damper on New Homes
Housebuilders in the UK have faced significant headwinds, primarily due to the surging costs of construction materials and labour. This has led to a stagnation in the number of new homes being built, a situation that many did not anticipate but are now grappling with. According to recent research conducted by APRAO, a specialist in…
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Plunge in Planning Permissions Sparks Housing Alarm
The pipeline of new home development in the UK is facing a sharp downturn, according to the latest figures from the Home Builders Federation (HBF). The report, a bellwether for future housing supply, paints a bleak picture, with planning permissions for new homes tumbling to their lowest since records began in 2006. This decline signals…
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Breaking into Property Development – A Beginner’s Guide to Big Returns
Property development in the UK has become an increasingly popular venture, not just for the wealthy or the audacious but also for the average investor looking to make substantial returns. The landscape of property investment has shifted, creating new opportunities for those willing to explore the world of property development. Ritchie Clapson, co-founder of propertyCEO,…
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From Fast-Food Employee to Property Mogul
The BBC features the story of Sanmi Adegoke, whose life story unfolds from facing racial abuse at a fast-food chain to becoming a celebrated property tycoon in the United Kingdom. Adegoke’s unconventional path highlights the power of resilience and the importance of leveraging one’s community. Early Struggles and Inspirational Beginnings Sanmi Adegoke’s journey began upon…
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Strong Demand for New Homes Predicted
Knight Frank estate agency has noticed a trend. Despite tough economic times in 2023, buyers are still keen on new properties priced between £500,000 and £1m, especially in desirable locations. This “flight to quality” means that despite the challenges, there’s a significant demand for well-located, well-priced properties. Interestingly, buyer confidence picked up notably in the…
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New Home Approvals Plunge to Lowest Levels in a Decade
The Home Builders Federation (HBF) has released concerning data in its latest Housing Pipeline Report. This report highlights a 2% quarter-on-quarter drop in planning permission levels for new homes in the third quarter (Q3) of 2023, totaling just 2,778. The situation appears even more dire when considering the year-on-year figures. The first nine months of…
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Capitalising on the New Permitted Development Rights
Property development could see a shift with the introduction of new planning laws announced by Chancellor Jeremy Hunt in his Autumn Statement. This shift opens a lucrative avenue for landlords and developers, presenting an opportunity to significantly enhance their income through property conversions. Understanding the New Permitted Development Right (PDR) PDR is a government initiative…
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Transforming Industrial Relics into Modern Homes
The United Kingdom’s housing market is currently facing a unique challenge: the pressing need to create more homes in the face of limited space and environmental concerns. A promising solution has emerged in the transformation of old industrial buildings, offering a blend of historical preservation and modern living. This trend is not only addressing the…
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Tips for Unlocking Maximum Profit in House Building
Understanding how to maximise profits when building homes is crucial. PropertyReporter featured a selection of tips form experts to help boost your ROI. The Impact of First Impressions Rebecca Nutt, a Chartered Surveyor at Atelier Finance, emphasizes the significance of thoroughly inspecting a finished building. Buyers often base their perception of a property’s overall quality…
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Latest Construction Market Overview
Recent data from the Glenigan Construction Review report sheds light on the trends and challenges facing the industry, and what these could mean for potential property investors. The report highlights a significant decline in construction starts during the three months leading up to October. Despite a surge in planning approvals, the construction sector has seen…