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32% Rise in Residential Property Transactions in June 2020

32% Rise in Residential Property Transactions in June 2020

Although figures are still lower by 35.9% than the same period in the previous year which has been mostly accredited to the pandemic, the latest data from HMRC reveals that between May and June this year, residential property transactions climbed to 63,250 - a rise of...

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The name’s Bond…Performance Bond actually 

The name’s Bond…Performance Bond actually 

The name’s Bond…Performance Bond actually  But it could be any type of Bond required in construction – the main ones that are usually requested through Compariqo aside from Performance Bonds are Insolvency Bonds, Advance Payment Bonds or Road and Sewer Bonds.  A bond...

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Vistry Partnerships to build 32 modular homes with Ilke

Vistry Partnerships to build 32 modular homes with Ilke

Vistry is undertaking a regeneration project of a 21-acre site in Bristol. The plans include 346 homes, several retail and start-up business units, a community building and many green spaces factored in to the community. In a partnership with Ilke, Vistry will deliver...

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How to Boost SME Housebuilders through Planning Reforms

How to Boost SME Housebuilders through Planning Reforms

SME housebuilders already face certain barriers to growth such as access to land, the poor planning process and access to finance (read our ebook on the top 3 barriers facing SME builders). SME’s make up a large part of the UK economy and require more active support...

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Affordable Homes Scheme Extended by One Year

Affordable Homes Scheme Extended by One Year

The Housing Secretary Robert Jenrick has announced that the scheme which helps more families across the UK into affordable homes has been extended by a year. Following the effects of the Coronavirus pandemic and the subsequent slump in housebuilding, it has been...

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Covid take its toll on Modular Housebuilder Ilke

Covid take its toll on Modular Housebuilder Ilke

Despite the £30m loan from Homes England in 2019, modular housebuilder Ilke has started a redundancy program due to the high number of contract delays following the Covid-19 pandemic. Ilke employs over 600 people and although it has not been confirmed how many people...

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Immediate cut on stamp duty

Immediate cut on stamp duty

In a bid to boost the housing market, Rishi Sunak has affected an immediate cut on stamp duty.  This makes up part of a package which is expected to include a six-month “holiday” from the charge on most homes to provide an incentive to boost the market again....

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New Guidance Published On Construction Working Hours

New Guidance Published On Construction Working Hours

As of Monday 29 June 2020, a Business and Planning Bill published by Government completed all legislative stages in the house of commons.  This coincides with new guidance published on Construction working hours. The Bill is intended to address the Coronavirus...

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Buy Your JCB Online

Buy Your JCB Online

For the first time ever, JCB has started to sell their machinery online directly to the end-buyers.  The new service has been launched to improve the experience of their customers and JCB UK and Ireland sales director Steve Smith said “The new service gives customers...

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Airport Expansion Plans Are Grounded

Airport Expansion Plans Are Grounded

Another blow to hit the construction sector are plans to abandon £1bn worth of expansion projects at various airports around the UK. As the worlds airline industry has almost ground to a halt following the outbreak of the Covid-19 pandemic, with many planes grounded...

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Promote The Use Of Fire-Safe Timber

Promote The Use Of Fire-Safe Timber

In response to the government´s proposal to ban the use of combustible materials in and on external walls of buildings, the Architects Climate Action Network (ACAN) is asking for a group effort in promoting structural timber. The government is currently considering...

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Do You Need A Mortgage Payment Holiday?

Do You Need A Mortgage Payment Holiday?

Banks and Building Societies have now extended the mortgage payment holiday for a further 3 months to help homeowners who have been impacted by the Coronavirus pandemic. Lenders have also agreed to not proceed with involuntary repossessions for home owners who have...

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Coronavirus and House Prices

Coronavirus and House Prices

Now that Estate Agents across the UK are breathing a sigh of relief that they can get back to selling houses, we're all asking the question…what does the market look like?  Is it time to grab a bargain?  What could happen to house prices as the market recovers from...

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The UK has passed the Worst of the Crisis

The UK has passed the Worst of the Crisis

Data from The Guardian shows that the UK economy is showing the first signs of recovery from the impact of the Coronavirus pandemic.  However, it's not all good news… Recovery will be a longer and slower process than previously anticipated.  As lockdown is starting to...

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New Guidance Published on Acoustics Standards for New Homes

New Guidance Published on Acoustics Standards for New Homes

New guidance has been published by the UK Green Building Council (UKGBC) for local authorities to improve on the standard currently set for acoustics in new homes.  As an update to their housing standards policy playbook, they are attempting to enable cities and local...

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The Future of Flood Defences in the UK

The Future of Flood Defences in the UK

The UK experienced one of the wettest Autumns and Winters on record and suffered extreme flooding across the whole of the country.  In November 2019, the first wave of floods hit the Humber, the East and West Midlands followed by more flooding in December and January....

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Collaborate for the sake of the Construction Industry

Collaborate for the sake of the Construction Industry

Pagabo, a framework provider, has launched a ´Future of Construction´ campaign and is calling for construction companies to collaborate and work together in a bid to drive change and tackle long-standing industry issues. Executive Chairman at Pagabo, Gerard Toplass...

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Update to Building Control Inspections under COVID-19

Update to Building Control Inspections under COVID-19

New guidelines from the Government have been issued so that inspectors can continue to carry out normal site inspections in a controlled manner during the Covid-19 pandemic. The Ministry for Housing, Communities and Local Government (MHCLG) updated the application of...

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Payment Holiday Relief for UK mortgage holders

Payment Holiday Relief for UK mortgage holders

As of Friday 24th April, over 1.6 million UK mortgage holders have been offered a payment holiday by UK lenders to reduce difficulties from the financial impact of COVID-19.  This means a suspended payment for the average mortgage holder of £755 a month. One in seven...

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UK´s largest builders merchants to reopen more branches

UK´s largest builders merchants to reopen more branches

The largest builders merchant in the UK, Travis Perkins is to reopen more of its branches to “give greater support to large construction firms and subcontractors as they restart construction sites.” Since the start of the lockdown, Travis Perkins was operating at...

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Who will secure the Stonehenge design and build JV?

Who will secure the Stonehenge design and build JV?

As part of the A303 improvement scheme, Highways England has shortlisted 3 submissions for the Stonehenge project.  All three submissions are international joint venture teams;  BMJV, comprising Bouygues Travaux Publics SAS and J Murphy & Sons Ltd;  HDJV,...

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New Bounce Back Loans Scheme for Small Businesses

New Bounce Back Loans Scheme for Small Businesses

Small businesses can now apply to the Bounce Back Loans Scheme for a loan up to 25% of annual turnover.  Loans of up to £50,000 that are interest free for the first 12 months will be open from 4 May.  Rishi Sunak, Chancellor of the Exchequer said “Our smallest...

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Will development finance ever be the same again?

Will development finance ever be the same again?

Although we presently don’t know the full impact that Covid-19 will have on the UK economy and the consequential effect on the wider property market, it is for certain that we will enter into a period of recession.  Recent weeks have seen many lenders withdraw much of...

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Kier to build transform bay studios to covid-19 hospital

Kier to build transform bay studios to covid-19 hospital

Former film studios ‘Bay Studios’ which was also a former factory is to be converted into a field hospital in the fight against Covid-19.  The building, in Swansea will provide up to 850 beds in total and will be a much-welcomed addition to the growing number of field...

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Grade II listed Albert Court uses BIM in major gas works 

Grade II listed Albert Court uses BIM in major gas works 

Joint venture organisation tRIIO, which is owned between Morrison Utility Services and Skanska UK has recently completed a major gas mains replacement at the historic Albert Court, which is of more recent years a multi-occupancy building located next to the Albert...

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Why has BIM been slow to adopt in construction? 

Why has BIM been slow to adopt in construction? 

BIM is gaining traction in the construction industry and indeed over the last decade the awareness of BIM has grown rapidly.  A national BIM report carried out by NBS last year showed that general awareness and adoption of BIM has increased to around 70% which is...

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CEO of Persimmon Quits

CEO of Persimmon Quits

Following his instatement only 15 months ago, Dave Jenkinson, CEO of Persimmon has announced he is leaving the company over quality disputes. His position came about due to a previous row about his predecessor’s £75m bonus which was slammed by many politicians as...

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Do we Have Enough Bricks to Meet Demand?

Do we Have Enough Bricks to Meet Demand?

Bricks are one of the most staple products used in construction, but recent years have seen a decline in supply. Persimmon were even so concerned about the waiting times for the brick orders that they built their own brick factory to ensure they would not be victims...

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Exoskeleton Suits in Construction

Exoskeleton Suits in Construction

Exoskeleton suits are gaining use in Construction. Designed as a wearable machine with motorised joints to minimise strain and injury, they also provide posture correction, support and weight disbursement whilst giving the user super human strength. Traditionally used...

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Can Robots Fill the Skills Shortage Gap?

Can Robots Fill the Skills Shortage Gap?

The increasing usage of robots in construction originally stems from Japan in 1970’s when young workers turned resistant to manual labour in favour of less dangerous and physically demanding work. Japan had to find another solution to combat the labour shortage and...

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Converting a Commercial Property to Residential

Converting a Commercial Property to Residential

Following on the trend of converting a commercial premises to a residential property, there are now more conversions than ever before, contributed by the abundant availability of commercial properties on the market. Between 2016 – 2017, the number if these conversions...

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How to Boost the Growth of SME Builders

How to Boost the Growth of SME Builders

The 1990’s heralded the beginning of the decline of SME builders which was magnified by the Global Economic Crisis. To put the effect this has had on the new build industry into perspective, the number of new homes built by SME builders in 1988 was 4 in 10 of every...

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The Construction Events of 2020 That You Can’t Miss

The Construction Events of 2020 That You Can’t Miss

There’s lots going on in 2020 for Construction events. If you are looking to promote your business or meet new suppliers, make sure you pencil in a couple of events in your diary to make sure you keep up with industry trends and advancements. With the current demand...

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Revamp of Canary Wharf Development Gets the Go Ahead

Revamp of Canary Wharf Development Gets the Go Ahead

The landmark waterfront development of Quay House in Canary Wharf has just been granted permission by London Borough of Tower Hamlets to redevelop the existing 3-storey block into a 40-storey tower.  The new project will deliver a 400-room hotel, 279 serviced...

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How 3d printing is changing the way we build

How 3d printing is changing the way we build

The process of automation in building is rapidly increasing and the industry is seeing the benefits of being able to replicate uniform pieces to assemble either on or offsite in ways that are faster, more quality consistent, safer, more cost-effective and more...

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Property Prices in Dubai are Dropping

Property Prices in Dubai are Dropping

Following a property boom between 2010 and 2014, funded by the strong economic growth of the oil industry, Dubai is now in a situation where it has an over-supply of housing, despite dropping house prices. To curb the boom back in 2014, the government introduced...

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How to contain your construction insurance premium

How to contain your construction insurance premium

Due to decreasing competition in the construction insurance market today, it could be fair to say that premiums are less competitive than they used to be.  There are also factors that can push your premium higher such as your credit history, your experience in the...

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Birmingham’s New Skyscraper Set for Approval

Birmingham’s New Skyscraper Set for Approval

Birmingham is set to welcome a new tower which will be the tallest in the city.  Plans for the 61-storey skyscraper, designed by Glancy Nicholl’s Architects are in line to be approved on Thursday 16th January 2020.  Subject to a Section 106 legal agreement that is due...

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Berkeley Ramping up Delivery over the next Six years

Berkeley Ramping up Delivery over the next Six years

Having bought a number of brownfield sites since the end of the financial crisis in 2011, Berkeley has recently acquired several more, bringing the total of "large and complex residential-led developments" to 25.  Around 20 of these sites are already under...

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January 2020 sees record spike in property asking prices

January 2020 sees record spike in property asking prices

Signs that the economy is starting to gain confidence is showing in the January figures for UK house prices.   The General Election seems to have had a positive impact on the UK housing market which saw asking prices hike by 2.3%.  Rightmove, made a study of 65,000...

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Latest English Housing Survey Report 2018-2019

Latest English Housing Survey Report 2018-2019

The Government has recently released their latest Housing Survey Report from 2018-2019.  The report is the initial release of findings and will be followed up with more detailed statistics in July 2020, but the following is a summary of the report. Number of home...

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The Trespassers of Construction Sites

The Trespassers of Construction Sites

Stuart Wortley, a lawyer from Eversheds Sutherland has revealed how social media exposure has led to an increase of risk-taking fanatics who are trespassing on construction sites in order to create videos of their antics to upload on social media channels.  Going...

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Taylor Wimpey Sees 5% Increase in Completions in 2019

Taylor Wimpey Sees 5% Increase in Completions in 2019

Despite political uncertainty throughout last year, Taylor Wimpey trumped with a 5% increase in completions to 15,759 against the previous year.  The private average selling price also raised by 1% to £305,000 against the 2018 financial year. The full year...

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Help to Buy Hotspots in the UK

Help to Buy Hotspots in the UK

The Government's Help-To-Buy scheme started in April 2013 in an initiative to help first-time buyers and homeowners wanting to move on to their next property.  Buyers can secure a new home for only 5 per cent deposit with the government then providing an equity...

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Reusing Demolition Material in Home Building

Reusing Demolition Material in Home Building

The managing director and co-founder of GS8 Developments Limited, a residential regeneration framework which will aim to merge construction with sustainability, Benjamin Jamie Spencer is aiming to revolutionise sustainable building with his carbon positive and energy...

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Brexit and the Housing Market in 2020

Brexit and the Housing Market in 2020

The general election has given the UK a deeper insight into the short-term prospects for Brexit. Experts have suggested that this could lead to a beneficial outcome for the housing market, as buyers who have been holding back on purchasers will now begin to sign for...

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Is Brexit a Concern for Immigrant Construction Workers?

Is Brexit a Concern for Immigrant Construction Workers?

As the UK anticipates the post-Brexit lifestyle, the immigration regime is something that most businesses are highly concerned for. Due to EU citizens taking up around 8% of the UK workforce, there is a great demand for their skills services, although they would lose...

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England’s Social Housing Association Shortage

England’s Social Housing Association Shortage

The shortage of affordable homes throughout the rented housing market shows no sign of improvement according to recent figures. Studies have shown that only 37,825 new homes were built to accommodate for cheaper living in 2018. This brings troubling news for the...

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Office to Residential Conversions

Office to Residential Conversions

In today’s market, the demand for residential flats is growing higher by the day. The Government has laid an amendment to the Town and Country Planning Order 1995 (General Permitted Development) which states that it is now possible to convert Class B1 office buildings...

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Bridging Loans Show Promising Figures

Bridging Loans Show Promising Figures

Bridging loans are becoming increasingly in demand with the applications rate seeing a record-breaking increase over the first quarter of this year. However, the completion rates have recorded the worst quarterly figures since Q3 2017. A report from The Association of...

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The Construction Tools That You Didn’t Know You Needed

The Construction Tools That You Didn’t Know You Needed

When working on a construction site, it is important to be well- equipped for any task that falls in your path. To ensure great productivity at work, your tool bag should be equipped with everything that you need for a successful finish. Bolster – A chisel-like object...

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A UK Construction Update

A UK Construction Update

November saw a further drop in UK construction orders due to the uproar in political uncertainty, and some civil engineering and commercial building projects have been put on hold. Activity in the UK construction industry has slowed down slightly thanks to recent...

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Understanding How to Use Collateral for a Secured Loan

Understanding How to Use Collateral for a Secured Loan

When applying for a loan in the bank, it is notoriously difficult to meet the extensive standards of the lending qualifications. In almost every case, the bank will insist that the lender takes out a collateral, to avoid any inconveniences.  Collaterals are used...

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Are Mortgages on the Rise?

Are Mortgages on the Rise?

Data from first-time buyers and homeowners has displayed the trends of mortgage lending in the UK, with affordability measures in the residential and buy-to-let markets. In September 2019, there were 29,100 new first-time buyer mortgages completed, which is 1.6% more...

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The Renovation Advice that You Need Right Now

The Renovation Advice that You Need Right Now

Renovating your home can be a costly affair if you’re eager to experiment with new ideas; it can be difficult to stay on track with your cost effective plan. The goal is to get your home magazine-cover-ready without having to invest most of your savings towards a...

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The General Election and the Housing Market

The General Election and the Housing Market

The results have been streaming in from the General Election and the results are looking promising for anyone who is hoping to buy or sell a home. The Global Head of Research at Knight Frank, Liam Bailey, said:  “The Conservative Party has won a majority of just...

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Are Modular Homes Taking Over?

Are Modular Homes Taking Over?

Emerging plans for modular housing are supposedly supporting the government’s goal to shut down the housing market crisis. With recent and ongoing success, modular housing is about to reach a huge milestone in construction. With this modern approach to building,...

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The Advantages of Investing in Older Homes

The Advantages of Investing in Older Homes

Investing in a property requires a lot of consideration; the affordability, the demand in the market, the style of home, and much more. There’s always speculation on whether to buy a new home or an older home, and each come with their own benefits. If you are thinking...

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Vehicle Traffic in Construction

Vehicle Traffic in Construction

There are many dangers in the construction industry. Statistics show that around seven workers die each year due to accidents involving vehicles, and that is only on-site. There are even more accidents on public roads. For every construction site, rules must be put...

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UK Cities Housing Index

UK Cities Housing Index

The month of October 2019 has highlighted the UK’s ongoing house price inflation as higher prices are becoming increasingly prevalent in the capital and the South. This could be due to the rising of demand and attractive affordability which is supported by the lower...

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The Dangers of Construction

The Dangers of Construction

In the working year of 2016 to 2017, the main industry that saw the most fatal injuries to workers was construction. From checking any construction site across the UK, it is evident that there are many dangerous elements that could put the workers at risk. For...

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Robotic Surveyors are Taking Over Construction

Robotic Surveyors are Taking Over Construction

The UK’s construction industry is advancing and evolving in futuristic ways that are difficult to fathom, and it’s as if there’s an ongoing race between man and robot to determine which approach to construction is the most efficient. The rapidly developing technology...

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London Luxury Homes See a Hike in House Prices

London Luxury Homes See a Hike in House Prices

London is notorious for its excessive house prices, and recently, price analyses have shown that the next five years will bring even more growth to the city. The house prices of luxury homes in the capital are set to rise by 20.5% over the next five-year period. The...

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A Couple of Ambitious Home Buyers

A Couple of Ambitious Home Buyers

A Zoopla analysis has taken place to determine what exactly first-time buyers are looking for at the moment. With more than 600,000 homes listed, the data was logged via email or call-back requests made by first-time home buyers. The annual English Housing Survey has...

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The Zero Carbon Target Goal

The Zero Carbon Target Goal

Experts have recently warned that the construction industry  and the government must immediately begin to improve working methods in order to meet the UK’s 2050 zero carbon target. A report has been released, titled: Transforming Construction for a Low Carbon...

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Why Now is the Time to Invest in a Property

Why Now is the Time to Invest in a Property

With political uncertainty causing a wave of confusion for potential property investors, experts are explaining why there is no reason to let the Brexit-induced stress discourage your efforts. Mark Lawrinson, the Regional Director of Portico Property estate...

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Here’s What Millennials Are Looking For:

Here’s What Millennials Are Looking For:

Here’s What Millennials Are Looking For: If you are one of the many people to take a new approach to house renovation for investment purposes, you will need to stay updated on the trends that will help to sell your home. As millennial wealth grows, the younger...

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Why Apartments are on the Rise

Why Apartments are on the Rise

While many aspiring homeowners in the UK aim to jump straight on the property ladder with a five-bedroom family home, there are many reasons why people choose a sky-high apartment lifestyle. As it’s unlikely that you will gain a garden with the purchase of your new...

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Step Up Construction Worker Health

Step Up Construction Worker Health

Statistics from Construction News Mental Health Survey show that 55% of workers in the construction industry have suffered from mental health and 42% of whom had been in the work place at the time. The Office of National Statistics found that low-skilled male...

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Why People are Searching for This Right Now

Why People are Searching for This Right Now

There is an increasing demand for new, modern homes for a niche market across the UK. With Pinterest and hipsters having a growing influence on both interior and exterior home design, there has been a new wave of luxury, developments created specifically for this new...

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Eliminating Risks and Hazards on Construction Sites

Eliminating Risks and Hazards on Construction Sites

A construction site holds more hazards than most other working places within the UK. With heavy machinery and dangerous tools, it is important for workers to understand the potential risks on site. To avoid any work-related incidents, there should be safety rules set...

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5 Places You Should Live in Right Now

5 Places You Should Live in Right Now

With this on-going political debacle, there is a nation-wide confusion as to where the housing market is currently in its prime. This can depend on house prices, popularity within the area, year-on-year comparisons and much more. This blog has identified the potential...

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Breaking News for Bovis and Galliford Try

Breaking News for Bovis and Galliford Try

Galliford Try’s Linden Homes and Partnerships and Regeneration businesses will be bought by Bovis Homes for £1.075 billion. Bovis has explained that the deal will create a top-five rated national housebuilder, which is capable of delivering over 12,000 new homes each...

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Pregnancy in Construction

Pregnancy in Construction

Building company, Tarmac has launched a range of maternity personal protective equipment (PPE), to keep pregnant women safer on site. This innovative idea sprouts from a report by the Trades Union Congress, (TUC) which surveyed women within the industry, finding that...

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The 5 Construction Hacks You Didn’t Know You Needed

The 5 Construction Hacks You Didn’t Know You Needed

If you work on a construction site or you have decided to take up a new hobby as a handyman (or woman), these five hacks will make your life that little bit easier. Knowing these simple tricks will enhance your knowledge and you can create a more efficient, practical...

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Will Transparent Wood be Part of Your Next Build?

Will Transparent Wood be Part of Your Next Build?

Researchers have taken timber and crafted a new, sturdy material that is transparent and capable of storing and releasing heat. The material could be used for the construction of energy efficient homes. So far, the product is classed as environmentally friendly...

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The 5 Construction Podcasts You Need:

The 5 Construction Podcasts You Need:

When you’re constantly on-the-go, it can be hard to keep up to date with recent industry news. Podcasts are taking over as the new way for industry experts to stay updated with the latest stories and these chatty voice-overs can include interviews, conversations and...

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Plastic Roads Might be the Future

Plastic Roads Might be the Future

Global warming is becoming increasingly prevalent and the collateral damage caused by pollution is showing adverse effects on global temperature, our environment and the surrounding wildlife. Recent studies by National Geographic state that around 18 billion pounds of...

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The Secret Behind 3D Printing

The Secret Behind 3D Printing

3D printing has made a promising breakthrough for the construction industry, with an increasing number of technologically manufactured homes being built across the globe. The use of three-dimensional printing in construction began with the introduction of printed...

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A Superstitious House Price Study:

A Superstitious House Price Study:

A new study has recently discovered that homeowners residing in number 13 are finding that their properties are getting hit by a decrease of around £22,000.  Out of the 1.2 million homes sold across the UK each year, it is the notorious number...

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BREXIT STRESS – Should I Really Buy a New Home?

BREXIT STRESS – Should I Really Buy a New Home?

With recent Brexit affairs causing further suspicion within the housing market, aspiring home owners are still left speculating the risk surrounding home-buying in the UK.   The question still stands – is now a good time to buy a home in the UK?  ...

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People Who Live Alone Are Probably Renting

People Who Live Alone Are Probably Renting

The latest figures shown by the Office of National Statistics (ONS) indicates that the cost of living alone has hit 92% of income, making it close to impossible for single people to join the housing ladder. The study shows that the number of one-person households is...

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A New Guide to Impact-Based Approach in Property Finance

A New Guide to Impact-Based Approach in Property Finance

A collaboration of real estate investors and organisations have produced and published a guide designed especially for property investors. Produced by the property working group of the UN Environment Programme Finance Initiative (UNEP FI) with the Royal Institution of...

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