Tag: Berkeley Group
-
Housebuilder Shares Rise as UK Property Market Rebounds
Shares in UK housebuilders are on the rise following positive news from property website Zoopla. Their latest house price index reveals that house prices bounced back in July, reversing a dip seen in June. The index also shows that buyer demand and sales agreements have surged in 2024 so far. House Price Growth Buyer Demand…
-
Berkeley’s Big Bet – 10,000 New Homes and a £1 Billion Gamble
It’s a bold move from one of the UK’s biggest housebuilders, and it’s a clear sign that they’re backing the government’s ambitious housing plans. Berkeley Group has announced plans to build 10,000 new homes over the next five years, a major boost for the sector and a major commitment from the company. Scaling Up: A…
-
Labour’s Housing Plans Send Housebuilder Shares Soaring!
With Labour’s election victory, housebuilders are celebrating! The party’s ambitious plans for 1.5 million new homes over the next five years, coupled with a shake-up of planning rules, are seen as a major boost for the sector. Green Belt Blues Gone? Labour’s plans go beyond simply building more homes. They’re aiming to tackle the “grey…
-
Housebuilders Hit Hard – Interest Rate Fears Haunt Property Market
Investors are shying away from the property market as housebuilders report a slump in profits and warn of a ‘lack of urgency’ among buyers. The FTSE 100 saw a drop yesterday, largely driven by housebuilders who are feeling the pinch from rising interest rates. Berkeley’s Warning: A ‘Lack of Urgency’ Berkeley Group, a major player…
-
Berkeley Group Profits Take a Hit
The property market is cooling, and it’s hitting the big players hard. Berkeley Group, the luxury homebuilder, is expected to see profits drop by almost 10% in the year ending April, following a slump in sales. Sales Slowdown – Blame the Interest Rates The news comes as no surprise to anyone following the housing market.…
-
Berkeley Group Reports Sales Decline
The Berkeley Group, known for its focus on urban regeneration projects and high-end homes, has reported a continued decline in house sales. Compared to the same period last year, sales reservations have plummeted by roughly a third. This downturn reflects the broader challenges facing the housing market, largely fuelled by sky-high mortgage rates and tightening…
-
“Own New” – Sub-1% Mortgage Rates Now Available for New Builds
Own New has unveiled a mortgage scheme that harks back to the near-record low rates of Autumn 2021. But there’s a catch – these dreamy rates are exclusive to new-build home buyers. Dubbed the “Rate Reducer” scheme, this innovative offer promises to make homeownership more accessible and affordable, especially for those willing to invest in…
-
Virgin Money Launches New Mortgage Scheme
Virgin Money has just unveiled a new mortgage product in partnership with Own New, designed to make the dream of owning a new build home more achievable for many. Dubbed the “Rate Reducer,” this new offering is set to revolutionise how prospective homeowners can afford their future homes. Making New Homes More Affordable As of…
-
Berkeley Group Forecasts Dip in Home Sales
Key points – In recent news, the Berkeley Group, a major housebuilder, has issued a cautionary statement regarding the future of home sales. With various economic factors at play, the firm predicts a challenging period ahead. A key factor affecting the housing market is the rise in interest rates. The Bank of England had implemented…
-
Government Won’t be Helping House Prices
Experts predict delay in real-terms growth in property prices, with government unlikely to intervene to boost prices in upcoming Autumn Statement Property prices in the UK are expected to experience real-terms growth in two or more years, as higher mortgage rates and cost of living pressures continue to drive down property values. The latest data…