Menu
Construction and real estate
Santa Monica Place reopens to the public
Negative response towards Vanity Fair's World Architecture Survey
Green response to Vanity Fair's World Architecture Survey
Biking in Los Angeles—C.I.C.L.E
Los Angeles' proposed cap freeway parks
Greenwashing
Cool roofs
The Piggyback Yard project
Financial consultant tells how to get Corporate Credit with bad credit
Short sales and foreclosures 101 from a top Los Angeles Realtor
How to get your offer accepted: 5 tips from the frontlines
The dilemma of saving for a down payment
Why do I need an inspection when buying a home?
What is a short sale in real estate?
When I sell my home, how do I caluculate my net profit?
What is a Leaseback period in a real estate transaction?
What is an Escrow period and why is it required?
What's my strategy in reviewing buyers' offers?
Should I accept a backup offer when selling my home?
What are Disclosures in a real estate transaction?
What's a CMA in a real estate sale?
How should sellers prepare to sell a home?
What inspections will buyers schedule when purchasing my home?
What are contingencies in a real estate transaction?
Planning expected to be a major issue for UK house builders, survey shows
Planning is becoming a bigger issue for UK house builders with almost 60% saying that localism legislation will slow the speed of obtaining consents, according to the Knight Frank 2011 Housebuilder survey.

It also found that mortgage finance is the single greatest threat to the new homes sector, closely followed by future rises in interest rates and weak UK economic growth. Some 39% of builders surveyed suggest implementing subsidised mortgages for first time buyers.

Knight Frank also found that the UK new homes market will fail to deliver nearly enough homes to service the growing population, with housing starts down 43% on 2007 levels. At current rates, the number of new homes being built is less than 50% of the annual increase in the number of households.

It is three and four bedroom properties that are the most in demand product, and 58% of builders predict the average size of developments, in terms of the number of units per development, will decline, reflecting an ongoing move by the industry away from urban and apartment led schemes.

The survey also shows that land values, while still down 40% from their peak in the fourth quarter of 2007, are likely to remain firm in 2011. It says that the restriction of land available thanks to changes in the planning regime will offset the increased land coming to the market as a result of distressed site sales.

‘In 2009 the sluggish land market struggled to recover from the down turn. In contrast, 2010 has seen the more enlightened house builder focus on the better sites with quality housing product in a defined and active market place. The schemes need to be well planned, less dense and more family focused,’ said David Fenton, head of Regional Land, Knight Frank.

‘In less affluent areas, developers are procuring short to medium term land using creative purchasing models, such as Phased Payments and Land Payments linked to unit sales, thus protecting their return on capital,’ he explained.

‘The mortgage market continues to constrain buyers but we believe the housing industry sees a glimmer of hope on the horizon, with a number of schemes timed to deliver product in 2013 when financial conditions will have hopefully improved,’ he added.

Justin Gaze, head of land at Knight Frank, reports that transaction prices in the South East have recovered strongly to more usual levels experienced before the market peaked. ‘Knight Frank has seen strong demand and competitive bidding for traditional housing sites, with national house builders willing once again to take on slightly larger development sites (300 units plus) with substantial associated infrastructure costs, in order to secure quality sites,’ he said.

‘As a demonstration of this strength of demand, Knight Frank has sold in the last year just under 1,000 plots to a single regional division of a national house builder who had not bought any sites for the previous 18 months,’ he added
  
Planning expected to be a major issue for UK house builders, survey shows
UK property industry calls for commitment on energy savings in buildings
Private sector activity boosts UK property construction sector
Properties in New Zealand bigger
UK govt to sell land for new homes
New earthquakes in Christchurch will set back real estate market
One in three people would build their own house, research shows
UK construction industry flat as economic uncertainty bites
Panel house launched in India by RICS
UK announces new deal on new build properties
UK developer calls for more apprenticeship opportunities
Asking prices of new homes in the UK rise
Land deal for Paramount theme park in Spain signed
UK housing starts down 15% compared with a year ago, data shows
House building levels in the UK down by 4%, new figures show
Outlook for the UK construction sector more positive, says RICS survey
Builders call for UK govt to boost home construction industry
Britain needs more energy efficient homes, builders tell the govt
New quality assurance scheme for new homes in the UK to be launched
Steady rise in number of new homes being built in New Zealand
UK govt to make self build homes exempt from infrastructure levy
Confidence in the UK construction sector at its highest since end of 2007
Outlook for architect and wider UK construction industry improving
UK property market recovery results in creation of jobs for young people
UK construction sector finally on the way to recovery says RICS
£17 million announced for community self build in English regions
Building costs remain high in Europe, annual study finds
UK govt pledges to do more for self build sector
Menu
GCC investors must consider tie ups with Turkish firms
Siemen clinches $2bn Saudi metro contract
Italy's Pilosio wins big Makkah order
Premier real estate developments named
Qatar UDC net profit up 7.5pc
Cluttons showcases ME, London properties
Al Baddad to supply 80pc of Hajj tents
Dubai RTA inks water canal project deal
Kohler launches new collection in UAE
$51.6m theme park planned in Bahrain
Dubai real estate market gains strength
Mena states plan $225bn transport projects
Siemon's new tool to cut termination times
Kuwait in $2.4bn bid for London property
Hyder Consulting opens design centre in Amman
Work to start soon at Oman tourism complex
Jotun hosts gala event for interior designers
MAF launches new 5-year green strategy
Arabtec buys UAE electromechanical firm
Call for cost effective sustainable houses for the UK
London house builder celebrates 2010 success
Construction recovery slows in the UK property industry
England needs 750,000 new properties by 2025
Australia heading for housing crisis as new sales fall