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First-time buyers get another helping hand to get on Property Ladder
England will see the shared ownership scheme being overhauled in a bid to increase the amount of people getting onto the property ladder. To start with, the initial share purchase which used to be 25% has now been cut to 10% to make purchasing more affordable. If...
Local Councillors Oppose New Government Planning Reform
In a bid to boost housing development in the UK, central government recently announced the biggest housing reform since the second world war, although the plans have not been well received with local councillors. A recent survey conducted reveals that 78% of...
Persimmon Boss Cashes in on Shares before Departure
Although Dave Jenkinson is due to leave Persimmon at the end of the year, last week he sold £3.4 million worth of shares accounting for 129,307 although he still holds a further 603,983 shares in the company, reported to be worth around £15.7 million. He also sold...
Mortgage Lending back to pre-pandemic levels thanks to Stamp Duty Holiday
July saw almost 66,300 mortgage approvals, jumping 40% from 39,900 in June – a good sign that the market is in recovery according to the Bank of England who says that the number of approvals is now nearing the average of pre-pandemic levels. The surge in demand is...
Barratt is back on track
The UK’s largest house builder is targeting 15,000 home completions for the year ahead after experiencing a surge in demand for new homes after the end of lockdown. Production rates are now back on track and the company is preparing to ramp up for new completions as...
How Technology will support Glasgow’s workers to return to the office post-Covid changes
Following the global pandemic which saw a complete lockdown in many countries across the globe, many office workers were forced to switch the way they work and work from home. The majority of the UK has now returned to some semblance of office normality through...
Start-up in prop-tech raises £1.2m seed funding in a bid to transform the hire industry within construction
A fundraise led by Vanneck Investments along with participation from a host of entrepreneurs and investors has raised £1.2 million of seed funding for a start-up company specialising in hire equipment for the construction market. London based Skrap, the construction...
July 2020 sees highest rise in Construction activity since 2015
Construction activity in the UK is showing signs of recovery following the worst global recession since the second world war. Output soared in July with the highest activity recorded since October 2015. Information provider IHS Markit found that the rise in the...
Kier Wins Dover Grammar School Contract
The Department for Education (DfE) has appointed Kier for a £24.7 million project at the Dover Grammar School for Boys. The project was procured through the DfE Construction Framework and is due for completion in Summer 2023. With the aim of providing new amenities...
Construction Industry is on track for further growth in Q3
The Financial Times has reported that City of London economists have predicted a 14.3% rise in GDP for Q3, - which will have a positive impact on the Construction industry, according to recruitment specialist Simon Robinson, co-founder of Red Diamond Executive...
The Construction Industry Needs More Apprentices – Here’s How to Hire One
A recent survey conducted by Dakea, a leading manufacturer of roof windows built for the trade has revealed that 78% of tradespeople believe that the industry needs more recruits which it is currently seriously underutilising. The survey questioned 500 roofers,...
Landmark Birmingham office block gets £2m Refurb
Work has begun on the £2m refurbishment of a landmark office building at 54 Hagley Road in Edgbaston, Birmingham by Aberdeen Standard Investments. The outdated building contains a 16-storey east wing and an eight-floor west wing, of which five floors are being...
Next Stage for the New Homes Ombudsman
In a bid to boost confidence to new build homebuyers, the government has released a Building Safety Bill in which it includes plans to introduce a New Homes Ombudsman so that homebuyers have effective and accessible methods for seeking redress for problems encountered...
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...
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...
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...
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...
New Archaeological find puts the brakes on Stonehenge tunnel project
A series of large pits in a ring formation of large pits has been found encircling Stonehenge, leaving the immediate future of the Stonehenge tunnel project uncertain. The pits cover a distance of approximately one kilometre and require study to determine their...
New “Future of Building Control Working Group” recommendations
The future of the Building Control sector in the UK is set be reformed, being a key part of the Government’s Building Safety Programme. NHBC, along with other leading organisations have formed the “Future of Building Control Working Group”, which has been formed to...
Have You Got Your Eye On A Commercial Property To Reform Yet?
September is the date set for the implementation of the biggest reform to planning since the Second World War which will allow Britain to build without all of the red tape restrictions that come with normal planning procedures. With special emphasis on commercial...
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...
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...
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....
Fastest rise in housebuilding for the past five years and a surge in the demand for new homes
Some of the most positive news we have had for weeks is the announcement of the fastest housebuilding rise for five years which has given fresh hope of a strong economic recovery from the slump caused by the Coronavirus pandemic. A PMI survey was conducted of the...
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...
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...
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...
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...
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...
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...
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...
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...
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....
Modern Slavery in the Construction supply chain – are we doing enough?
Five years on from the Modern Slavery Act 2015, many people believe that slavery is no longer present in our modern working society, despite findings by the National Crime Agency that showed 7,000 victims of slavery were reported in 2018, figures that had doubled from...
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...
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...
Housebuilding is on the move again with Persimmon and Lovell
More evidence that recovery is taking place is confirmation from Persimmon and Lovell that they are reopening their sites. In a market update from Persimmon, they announced plans to phase the reopening of their sites where the Construction Leadership Council´s safe...
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...
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...
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,...
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...
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...
Vistry Partnerships Secures New Housebuilding Contracts
Vistry Partnerships has announced that it has secured new housebuilding contracts with Homes England as well as eight Housing Associations. Homes England currently has sites across the UK including Chesterfield, Birmingham, Dudley, Bridgewater, Portsmouth...
February statistics show uk economy had already dipped even before covid-19
Due to a downturn in construction activity during winter and a stagnant services sector, the British economy had already taken a nosedive as GDP output declined by 0.1% in February, before the onset of the Covid-19 outbreak. Following an increase of 0.1% for the...
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...
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...
Coronavirus sees the Construction Activity Index drop to 39.3
We are seeing the immediate drastic effects that Coronavirus is having on our industry with the IHS Markit/CIPS UK Construction Total Activity Index dropping to 39.3 in March from 52.6 in February. This is in reaction to the emergency public health measures put in...
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...
Early Intervention Technology Used On Construction Workers
Although construction in the UK is presently limited due to the coronavirus pandemic, and most construction work has ground to a halt, there will be the increasing need to test construction workers returning to site once building restrictions have been lifted and it...
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...
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...
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...
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...
Will Flat pack Construction in the UK be a Solution to the Housing Crisis?
Although slow to take off in the UK, countries such as Sweden, Germany and Japan have increased their output of modular housing in recent years. Of the 200,000 homes that are built every year in the UK, only 15,000 of them are modular. When we think about modular...
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...
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...
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...
BIBA Calls for Action over lack of PI cover for the Construction Sector
Lack of access to affordable Professional Indemnity cover for those working in the construction sector has urged the broker membership organisation Biba to outline five calls for action within its 2020 manifesto in a bid to ram up support from the industry and the...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Two Thirds of SME Loans Received Outside of London and the South East
Two Thirds of SME Loans Received Outside of London and the South East UK Finance’s Business Finance Review has published the latest figures on SME loan applications. Following a modest lending growth in Q3 of 2019, it is reported that SME’s outside of London received...
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...
Persimmon and Vistry Group Continue to Put the Customer First
The latest updates issued by Persimmon and Vistry group (formerly Bovis) show that Persimmon´s revenues and completions have fallen as it “continues to make good progress with the implementation of its customer care improvement plan”. The company has endured a...
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...
Modern Methods of Construction to Reduce Labour Requirements
According to the Construction Industry Training Board (CITB), an influx of modern methods of construction (MMC) is predicted to decrease the additional labour requirement of meeting the government’s aim of delivering 300,000 homes per year. The Ministry of Housing,...
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...
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...
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...
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 cheaper living in...
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...
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...
Demand for Green Building to Show Significant Growth by 2021
With today’s continuously developing awareness for our environment, there is an increasing interest in the construction of ecologically friendly buildings. The green building strategy was initiated with the intention of changing various methods of construction and...
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...
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...
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...
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...
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 which is why money-saving renovation advice is always useful to read; it can be difficult to stay on track with your cost effective plan. The goal is to get your home...
Everton Football Club Hits Liverpool Council with Development Plans
The planning application for Everton’s new 52,000-seater stadium plans will be submitted on the 23rd of December, this month. The stadium development director, Colin Chong, has stated that Everton's Stadium Plans will be formally lodged with Liverpool City Council...
Who’s Saying What About the General Election and the UK’s Housing Market
With the recent surge in economic boosts after the General Election results came in, experts in the housing market are using this time to project future prospects for the Conservative party. The Chief executive of a builder’s lobby group called FMB, Brian Berry, said:...
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 under...
Are Modular Homes Taking Over?
Emerging plans for modular homes 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, houses,...
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...
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...
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...
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. What are the dangers of construction? From checking any construction site across the UK, it is evident that there are many dangerous elements that...
Robotic Surveyors are Taking Over Construction
The UK’s construction industry is advancing and evolving in futuristic ways that are difficult to fathom, think robotic surveyors, 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...
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...
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...
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 Future....
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 and why you should invest in a property. Mark Lawrinson, the Regional...
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...
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 apartments and the sky-high lifestyle that comes with them. As it’s unlikely that you will gain a garden with...
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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