Tag: Persimmon
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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…
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Persimmon’s Numbers Signal a Brighter Future for Housebuilders
Persimmon, one of the UK’s biggest housebuilders, has just released its half-year results and things are looking pretty good. This could be a sign that the housing market is finally turning a corner after a tough couple of years. Persimmon built 4,445 new homes in the first six months of this year, a 5% increase…
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Get Ready to Build – Labour’s Big Housing Plans Could Be a Goldmine for Developers
The new Labour government is set to unleash a wave of pro-development planning reforms, promising to shake up the UK’s housing market and potentially create a boom for those who build. A New Era for Housing? Labour’s landslide victory has brought a new focus on addressing the UK’s chronic housing shortage. Prime Minister Sir Keir…
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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…
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Builders Booming – Election Promises Fuel House Price Hope!
It’s a big week for property developers, and the stock market’s already showing signs of excitement! With the General Election just around the corner, and the housing market on the move, there’s a lot to be optimistic about for those who build and sell homes. Prices Tick Up, Despite High Mortgages Even with mortgage rates…
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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…
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Housing Hurdles – England’s New Home Targets in Jeopardy
The future of new housing developments in England is looking grim as forecasts suggest that the number of new homes could plummet to nearly half of the government’s official target. This comes at a critical time as the nation approaches a general election where housing is poised to be a central issue. For the past…
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Persimmon Set to Construct Over 10,000 Homes Amid Market Recovery
Persimmon, a leading housebuilder, has announced its plans to construct between 10,000 and 10,500 homes this year. This news serves as a positive indicator of recovery, especially considering the challenging economic backdrop marked by high interest rates. Persimmon revealed that it had a strong start to the year, with forward sales totaling £1.75 billion in…
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Vistry Plans to Build 17,500 New Homes Despite Industry Challenges
While the UK housing market faces numerous hurdles, Vistry Group is setting an ambitious goal to construct 17,500 homes in 2024. This decision comes at a time when many in the housebuilding sector are grappling with reduced demand, soaring material costs, and higher mortgage rates. Vistry, a leading property developer, has announced a significant increase…
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Persimmon’s Profits Take a Tumble Amid Housing Challenges
A significant downturn has hit one of the UK’s leading housebuilders, Persimmon, as it grapples with a challenging market environment. Profits have seen a dramatic decrease, and the outlook for the coming year remains cautious. Persimmon, a prominent name in the FTSE 100 index, has reported a substantial fall in its pre-tax profits for 2023,…