Savills has submitted its response to the government’s National Planning Policy Framework (NPPF) and Standard Method consultation, which was launched in July. This follows representations made on the previous two NPPF consultations (January 2021 and March 2023) and Planning White Paper and Changes to the Planning System consultations in October 2020. In July, we assessed […]
Analysis from Glenigan shows that 53,379 new homes were approved between April and June 2024, a 13% drop compared to the same period in 2023. Rico Wojtulewicz, head of policy and market insight at the National Federation of Builders (NFB) said: “The new Labour government’s job has been made considerably harder by Michael Gove’s decision […]
The total market size of the construction and property development sector is forecast to bounce back strongly in 2025 after suffering the third consecutive year of declines in 2024. Following a tough three years for the property development and construction industry that has seen both dwellings starts and lending decline, specialist lending expert, Rangewell, believes that […]
Experts are warning that Construction Industry Scheme (CIS) contractors are becoming a target for attention from the tax authorities. HMRC has started to issue letters to CIS contractors if its records indicate that the correct deductions may not have been applied. The letter prompts the contractor to verify the CIS tax status of their subcontractors […]
As the renewables sector enters a new wave of global construction activity, the build out of projects continues to be jeopardised by contractor errors and defects, Nat Cat and extreme weather events. These challenges, both on- and offshore, may lead to delayed project start times and drive a surge in construction claims, which are among […]
The Home Builders Federation (HBF) has announced dates for open Brickwork and Roofing Masterclasses being delivered at NHBC hubs, aimed at supporting SMEs and subcontractors to access free training. Up until now, the masterclasses have been exclusively delivered on home building sites, requiring a minimum group size. Recognising that some SMEs and subcontractors may lack suitable on-site […]
The Implementation section of the draft NPPF, tucked away in Annex 1, does not contain policy itself; rather it explains how practitioners should move from the previous policy to the new – the so-called transitional arrangements. It is nevertheless vitally important in understanding how quickly the changes to policy will come into effect and how […]
Businesses in London may have to buy or rent homes for their employees if the UK government doesn’t take care to avoid replicating the Irish housing crisis, say leading audit, tax and business advisory firm, Blick Rothenberg. Heather Powell, head of property at the firm, said: “Recruitment teams at major employers in London, especially in […]
Aarin Chiekrie, equity analyst, Hargreaves Lansdown: “Persimmon’s had a great first half to the year, despite the ongoing affordability issues weighing on buyers’ purchasing power. Revenue growth came from a healthy mix of both higher sales rates and average selling prices. Given Persimmon’s houses are typically cheaper than the UK average, its selling prices were […]
As well as proposed changes to the NPPF, the government has announced its intention to deliver the largest programme of new towns since the post-war years. Housing expert Sir Michael Lyons, supported by Dame Kate Barker, has now been appointed to lead an independent taskforce to assist in the delivery. New towns will have the minimum […]
