Tom Howard
Property and Professional Services Correspondent at The Times
Property and professional services correspondent at @thetimes. All views my own etc... Got a story for me? [email protected]
Articles
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3 days ago |
thetimes.com | Tom Howard
Foxtons is preparing to take its green Minis, sharply dressed sales reps and punchy house price valuations to more towns beyond the M25. London’s biggest estate and lettings agent has told shareholders and City analysts that it wants to accelerate its expansion beyond the capital and into more “high-value commuter markets”.
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3 days ago |
thetimes.com | Tom Howard
The chief executive of Hammerson has announced her surprise decision to leave the shopping centre landlord. Rita-Rose Gagné, who has been in the top job since November 2020, has told the board that she intends to step down in 2026. She will remain with the business for the next 12 months while her successor is found. Robert Noel, Hammerson’s chairman, thanked Gagné, 62, for “her outstanding leadership and immense contribution” over the past four-and-a-half years.
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4 days ago |
thetimes.com | Tom Howard
Annual profits at MJ Gleeson will be up to a fifth lower than it had hoped because it is having to offer bigger deposit contributions, more free carpets and better-quality kitchens to shift its homes. The developer, which predominantly builds in the Midlands and the north of England, warned that its profit margins have been dented by a number of issues, including “the continued use of incentives” in recent weeks.
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6 days ago |
thetimes.com | Tom Howard
A recent relaxation of lending rules could enable 24 per cent more first-time buyers to get on the housing ladder over the next few years, experts believe. The Bank of England changed its guidance in March, meaning that banks are no longer required to stress test borrowers at the average standard variable rate, 7.25 per cent at present, plus another 1 per cent.
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1 week ago |
thetimes.com | Tom Howard
Fewer house sales completed in April than in any month since the first lockdown after the increase in stamp duty costs. There were 55,970 residential transactions in the UK, according to the latest data from HM Revenue & Customs. That was 66 per cent fewer than in March, which was an especially busy month for estate agents, solicitors and removals companies. HMRC said it was the biggest month-on-month fall it had recorded.
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Greg Fitzgerald, AKA Mr Vistry, offered his resignation in the wake of last month's profit warning, The Times understands. The board, perhaps not unsurprisingly, rejected it. https://t.co/AeDx1pkk0e
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