Profits at the house builders Barratt Developments and Redrow have more than doubled, fuelled by rising house prices.
Barratt reported a 162% rise in pretax profits for the six months to the end of December to £120.4m.
Redrow first half profits rose 107% to 47.5m as it announced its first interim dividend in six years of 1p per share.
The Co-operative has shocked the farming industry by announcing it is to pull out of agriculture and put its multimillion-pound farm business up for sale.
It has also sent a ripple of concern through farming circles over the potential impact that offloading an estimated 6,750ha (16,700 acres) of owned farmland will have on the land market.
Bovis Homes pre-tax profits rose by 48 per cent in the year to 31 December 2013 as the group focuses on further improving shareholder returns.
Pre-tax profits were £78.8m in the year, up from £53.2m, with a dividend of 13.5p issued, up from 9p in 2012.
Robin Savage, an equities analyst at Canaccord Genuity who has a “buy” recommendation on Rightmove shares, said he would not be concerned “unless Agents Mutual does somehow persuade agents to support it – because that will affect Rightmove and Zoopla’s revenues”.
He argued that the newcomer is dominated by a handful of Britain’s biggest companies and would have trouble attracting the thousands of very small agencies who make up the majority of the market. “The big agents could function without property portals, so this is really asking independent agents to cut off one of their main routes to market. It is a brave person who decides to switch off something that brings them the vast majority of their [client] instructions.”
Rightmove and Zoopla declined to comment.
Fascinating and unsettling at the same time, because this is presumably out of date already! Video clip.
About 6,500 homes have been flooded in the UK since December. But what happens to a house when the flood water recedes?
For many flood victims, it's when the water goes down that people hit rock bottom.
"All the initial bonhomie and community cohesion goes and people are confronted with the harsh reality that their home has been badly flooded," says Mary Dhonau, who became a flood consultant after her home was flooded in 2000.
Average earners in England would need to more than double their annual salary just to keep up with out of control house prices, new research by Shelter shows.
To investigate how out of sync house prices have become, the charity looked at wage and house price inflation since 1997 in each area of the country. This was then used to calculate what average annual earnings would be if they had risen at the same rate as house prices.
Flats in a new scheme in Battersea Power Station will only be marketed in London, the developer has announced, amid growing concerns that overseas investors are snapping up much of the capital's prime property.
Homes in the second phase of the Battersea development are inside the power station and likely to attract a rush of interest from buyers who want to secure a piece of one of London's most famous landmarks, and could carry price tags of up to £30m.
Fringe London locations are outperforming conventional investment location choices in the capital, according to a new study.
The London Markets Report, published by Levy (formerly known as DE&J Levy) and IPD, said markets including Paddington and Camden, delivered returns of 18.3% and 18.5% respectively last year.
UK homeowners spend an average of £41,900 on rental payments before buying their first property, according to new research from Santander Mortgages.
On average, homeowners who rent prior to buying spend seven years as a tenant before getting onto the property ladder, rising to 11 years or more for 15 per cent of these homeowners.
As confidence returns to the UK housing market, Gocompare.com Home Insurance reveals the top 20 turn-offs for home-buyers. Damp is the biggest ‘no-no’ for potential buyers with 70% of buyers saying that they wouldn’t buy a property which had damp patches or stained walls or ceilings, while 63% said that they would avoid homes which were in a poor state of repair.
Wealthy tenants are being offered the chance to rent a five-bedroom luxury mansion in Mayfair – for £65,000 a month.
The six-storey Grade II listed Georgian property offers 8,346 sq ft of high-end accommodation, including its own gymnasium and wine cellar, staff quarters, and reception rooms decorated with silk wallpaper and Ralph Lauren fabrics. At 1,500 sq ft, the master bedroom alone is the size of many Londoners' homes.
Despite paying more than £40,000 a year to live in one of Dubai’s most exclusive addresses, residents are being denied access to the gym and tennis courts – and they fear the lifts in the world’s tallest building could be next
The governor of the Bank of England has admitted it is powerless to control the soaring prices of prime property in London.
Mark Carney played down fears of a bubble in the wider market, dismissing suggestions that the coalition's Help to Buy scheme was having a significant effect. But he made clear that when it came to the boom in the most desirable areas of the capital – which many blame for stoking prices elsewhere – the Bank could do little more than watch.
A shortage of homes coming onto the nation’s housing market is seriously hampering growth and pushing prices higher in many parts of the country, says the RICS January Residential Market Survey.
First-time buyer numbers surge as mortgage availability increases
New borrowers are taking on the biggest income multiples than at any point apart from 2007, CML figures show
Chesterton Humberts is to split its residential activities into two companies with separate brand names and different geographical areas.
‘Chestertons’ will consist of the current 29 London offices and 20 international branches while ‘Humberts’ will operate the 24 existing branches outside of the M25.
Average advertised rents in Great Britain started the New Year with a £7 (0.77%) increase in January.
Scotland led the pack, ahead of London, having experienced the biggest growth in asking rents with an average increase of £16 (3.57%) in January. The average rent in the region now stands at £676 per month.
The sale of a versatile 165-acre livestock and arable farm in rural North Shropshire, which had a guide price of £1.75 million, has been completed by leading country property specialists Halls. Rowe Farm at Welshampton was originally marketed as part of the Park Hall Farm Estate, near Ellesmere, which had a total guide price of £8.25 million and comprised a state-of-the-art dairy enterprise, 11 luxury log cabins, two farmhouses and 680 acres of land. However, Park Hall Farm, which had a ...
A large mixed farm, which is home to the well-known Chargot shoot, is the first holding to come to the open market in the South West this year.
With arable, pasture and woodland, Langham Farm at Luxborough, near Watchet, totals 655 acres.
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