There will need to be a 67 per cent increase in the amount of land available for new housing if the government is to meet its housing target, according to research by Hometrack. It says that developers are cutting outputs of flats in favour of building larger homes, shifting the near 50:50 split between the
Barratt Developments and Redrow have released their half yearly figures and both showed big losses in revenue. Redrow’s income fell 58 per cent in the last six months of the 2008 to finish the year with a pre-tax profit of £46.2 million it reported yesterday. Meanwhile today Barratt reported a fall of 23.7 per cent
The Homes and Communities Agency (HCA) will do everything it can to change the way that housing is supplied and would encourage the development of housing schemes that mixed affordable rented housing with homes at intermediate rents, as it plans to buy land from house builders in a bid to build new developments and boost
The value of development land fell by an average of 50 per cent during 2008, research from Knight Frank has found. Every region was affected – prime London, which had remained relatively resilient, has the largest drop with land falling 33 per cent on average in the final three months of 2008. Urban land values