Property Week News, analysis, insight and events for UK property professionals
MJ Gleeson profits drop but group ‘doing better in a bloody difficult market’
While revenue and sales rose in the six months to the end of December, chief executive Graham Prothero said a tough market in the run-up to the Budget had hit profits.
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Housebuilders
Bellway on track to hit full-year completions target despite market challenges
In a trading update for the six months to 31 January, the housebuilder reported total housing completions of 4,702, up from 4,577 during the same period a year before.
Vistry set to develop 450-plus homes across two Barnsley sites
The properties will be split between the Mapplewell development, in the north of the borough, and a second site in Carlton.
Salboy launches construction arm to support SME developers
Salboy said the move would help small to medium-sized developers unlock low-rise housing projects, which are complex and time-critical.
Vistry wins consent for next 700-home phase of Enfield scheme
The second phase will add three new buildings to the north London Meridian One scheme, which will have around 1,000 homes when completed.
Housebuilders feel a winter thaw following autumn share price freeze
The sector’s leading stocks rounded off a tough 2025 with a Q4 rally, but many observers are waiting until the spring sales season before calling a full recovery.
Vistry appoints group development director from Taylor Wimpey
James Lidgate will be responsible for leading the housebuilder’s strategy across land, planning, sustainability and business improvement.
Big interview with Berkeley Group executive chair Rob Perrins: Green shoots, please
Berkeley Group executive chair Rob Perrins hopes the year ahead will bring renewed signs of market health – and fewer burdens for residential developers.
New Homes Accelerator extends to small sites in second phase
The second phase will cover sites with less than 500 homes, providing support to unlock seven schemes with a total of 11,400 homes, many of them in the Oxford-Cambridge Growth Corridor.
Henry Boot warns on 2026 profits amid ‘subdued’ market activity
Land and property development group Henry Boot warned its 2026 profit would come in significantly below market expectations, citing muted transaction volumes and tough macroeconomic trading conditions.