Construction sector grows at fastest rate since 2007

The British construction industry has unexpectedly taken a turn for the better, experiencing its fastest growth since the economic crash in September 2007. The Markit/CIPS construction PMI rose to 59.4 in October, outdoing economists’ predictions of it remaining at Septembers high of 58.9. According to reports from theguardian.com, the house building market experienced the biggest…

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Bank of Ireland launches home improvement fund

Bank of Ireland has unlocked 75 million euros in funding for homeowners who wish to conduct improvements on their properties. Independent.ie says the news coincides with a launch for the country’s Home Renovation Tax Incentive Scheme. This will provide an income tax credit to people who wish to carry out work on their homes over…

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Planning permission should be revoked from land-bankers, says report

Land owners could soon lose planning permission on projects which take too long to be completed. A report conducted by local think-tank Localis has suggested that councils should be given the powers to retrospectively remove planning permission after a certain period of inactivity, so more homes actually get built. According to planningresource.co.uk, it was also…

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Homeowners in Wales forced to consider environment when building extensions

Welsh property owners that add extensions to their homes will have have to consider environmentally-friendly regulations under new government plans, reports walesonline.co.uk. Housing Minister Carl Sargeant says that anyone extending their homes will soon be expected to meet “improved fabric standards” for walls, roofs and floors along with “consequential” energy efficiency improvements. The announcement could…

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Average home improvement costs £13,000 to complete

British homeowners are spending an average of £13,000 on single improvements to their property, according to a YouGov survey. Sponsored by Avant Homes and cited by remortgage-uk.info, the research showed that 75 per cent of homeowners in Britain have spent money on upgrading their property. Homeowners aged between 35-44 are the most likely to make…

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Government seeks ‘interim step’ approach for covering technical standards in housing

Plans for an one-size-fits-all document for technical standards in housing are to be shunned in favour of an ‘interim step’ approach, reports architectsjournal.co.uk. Industry members say the government is complicating matters by providing a stepping stone on route to the Building Regulations, in which the new rules will sit. The announcement will not be welcomed…

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Solar-powered homes could be built on top of Edinburgh river

A group of solar-powered homes could be built on top of a river in Edinburgh. Local renewable energy firm Sustainable Renewable Technologies (SRT) has released an artist’s impression of the project and will soon begin discussions regarding the necessary planning permission. The properties in the image have flat roofs with solar panels planted on top…

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The increased demand for housing in the UK

The UK has always had an above-average demand for property, which can largely be attributed to its population density (the volume of inhabitants versus land size). In fact, after discounting Europe’s disproportionately minuscule countries – including San Marino, Vatican City and Monaco – the UK has the third densest population in the whole of Europe…

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