Property News
Taylor Wimpey and Countryside ordered to scrap unfair leases
The UK's competition watchdog has ordered Taylor Wimpey and Countryside to tear up onerous ground rent terms that have left many leaseholders trapped in their homes.
UK spring property market strongest for a decade - Rightmove
The UK property market is in the strongest spring sellers' market for a decade with buyer demand remaining high and the stamp duty holiday extended, a Rightmove survey showed.
Berkeley says profit on track to match year before
Berkeley Group said it was on track for annual profit similar to the year before after "robust" trading but it was cautious about putting new developments on the market.
Hammerson annual loss almost doubles
Hammerson's annual loss more than doubled as the value of its properties dropped and rental income plunged during the Covid-19 crisis.
Foxtons reports strong trading as Londoners move out
Foxtons said it made a good start to 2021 helped by a busy London property market as the estate agent chain reported a narrower annual loss.
Lloyds Bank to become private landlord - report
Lloyds Banking Group is planning to become a large private landlord as it seeks new sources of revenue with interest rates at record lows, the Financial Times reported.
UK house prices dip for second month - Halifax
UK house prices dipped for the second month running in February as the sector's mini-boom appeared to peter out, Halifax said.
GCP Student cuts dividend as asset values drop
GCP Student Living reported a drop in asset values and a sharply reduced dividend after Covid-19 cut occupancy at its sites.
UK construction returns to growth as confidence builds
The UK construction industry returned to growth in February as an increase in commercial building helped offset a slowdown in housing, a survey showed.
Persimmon pledges return to pre-crisis shareholder payouts
Persimmon pledged to restore shareholder payouts to pre-crisis levels in 2021 as the housebuilder reported an 18% decline in annual profit.