Category Archives: Industry News

Rising costs and lack of skilled professionals hindering construction’s efforts to digitise and meet ESG goals, according to RICS. Chartered surveyors across the world have highlighted that cost and a lack of skilled professionals are not only hampering workloads but are also holding back the construction sector from progressing in terms of innovation and sustainable…

A series of interest rate hikes in recent months has seen mortgage rates more than double since their historic low in October 2021. The Bank of England’s Monetary Policy Committee voted to increase the base rate to 1% in May, the fourth consecutive rise since December last year, and the highest level it has reached…

Some of the country’s largest housing developers have agreed to work with the Scottish Government and others to address cladding issues, giving affected homeowners a clear path to ensuring their homes are safe. Under the Scottish Safer Buildings Accord, developers will be expected to fund works to properties they built to address safety issues identified…

UK construction companies reported another strong rise in business activity during April, but the speed of recovery lost momentum amid weaker new order gains, according to the latest Construction PMI. Survey respondents noted that higher costs and worries about the economic outlook had started to act as a brake on demand. Signs of a slowdown…

The results of the 2022 edition of the annual New London Architecture (NLA) London Tall Buildings Survey, published in partnership with global property consultancy Knight Frank, indicate a downward trend in London’s tall buildings with applications down 13.3% over the previous year. The annual survey – now in its ninth year – provides the only…

Prime regional prices grew at their strongest annual rate since Q3 2009 in March, taking average values to a new high, according to Knight Frank. The annual change was 11.3%, which was up from 10.6% in December. On a quarterly basis, prices increased by 3.5%, which was the strongest rate since Q2 2021. It lifted…

Hundreds of families across Dorset, Hampshire and Somerset will be moving into brand new homes over the next five years thanks to a multi-million-pound finance package from the Government’s Levelling Up Home Building Fund and HSBC UK. The finance package sees Homes England and HSBC UK working in partnership to provide funding that will enable…

Bellway has completed the purchase of land from Homes England in Milton Keynes, where it will adopt new building technology for the first time in the UK, speeding up the build process with some homes built on a factory production line. Bellway will build 160 homes using Modern Methods of Construction on the 9.2-acre parcel…