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Building workers’ safety boosted with test access

Development Finance News:- Construction workers are relieved the government has said they are eligible for Covid-19 testing as the sector continues to re-open more building sites. Health secretary Matt Hancock said at yesterday’s press briefing that anyone who needed to leave home to work and had symptoms should be tested. “This means construction workers to emergency plumbers, research scientists to those in manufacturing – can now be tested.” Unite assistant general secretary Gail Cartmail added: “This will significantly help prevent the [...]

By |2021-11-13T09:21:41+00:00April 29, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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New builds reach highest level since 80s but there may be trouble ahead

Developers are calling on the government to increase the variety of sites which can be built on following figures showing housing supply nearly doubling over the past six years. The ministry of housing, communities and local government's statistics reveal 214,000 new completions - the highest number since the 1980s and nearly twice the low of 124,000 in 2012-13. https://www.youtube.com/watch?v=vK9_6vD5tuA However, the Housing Pipeline report shows planning approvals dropping to 97,278 in the second quarter of 2019 - a 7 per [...]

By |2021-11-13T10:56:15+00:00November 15, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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New house starts show worrying 8 per cent drop

Development Loans News:- New house building starts showed a year-on-year decline of 8 per cent for the second quarter, according to Office of National Statistics data. In the three months to June, 37,220 new homes were started - a 2 per cent decline on the previous quarter. Annual new builds totalled 160,640 in the year to June 2019 - a 1 per cent year-on-year decrease. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s All starts between April and June 2019 were 117 per cent above the trough in [...]

By |2021-11-13T10:53:41+00:00October 4, 2019|Blog, Finance News, News, Planning News|0 Comments
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House lettings in prime London spots reach record levels

Construction Loans News:-The number of lettings and interest in prime central and outer London residential properties reached record levels for the first quarter of this year, according to Knight Frank figures. Tenancies agreed for homes rented out at more than £5,000 per week both in prime central and outer London spots, such as Chelsea and Hampstead, hit a record 31. This was the highest level experienced for the first quarter of the year since Knight Frank started its research in [...]

By |2021-11-13T10:36:46+00:00May 7, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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First-time buyer lending increases in February

Bridging Finance News:- The number of new home buyers rose by more than 4 per cent in February compared with the same month in 2018, according to the latest UK Finance Figures. There were a total of 24,880 new first-time buyer mortgages for February representing a fifth consecutive month of year-on-year growth. Finance experts Hank Zarihs Associates said the figures were encouraging reflecting the strong demand by developers for construction loans and short-term bridging finance for starter homes. Office of National [...]

By |2021-11-13T10:33:46+00:00April 18, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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