House builder blames ‘broken planning system’ and interest rates for loss Property In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
UK housing market: ‘Not fixed, but less broken’ Property Decades of underinvestment, underbuilding and overegulation have clobbered the housing market. The UK is now short about 4.3m homes, with the worst crisis in cities. Labour, which made solving that crisis a central mission of its first year in government, has made tracks to get Britain building again – reforming planning, trying to bridge the [...]
New rules could see housebuilders who leave sites unfinished stripped of land Property Housebuilders who leave vital development sites unfinished for years could face losing their land to local councils under new Government rules. For the first time, developers will have to commit to delivery time frames before they get planning permission. They will also have to submit annual reports showing their progress to councils to keep them [...]
