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.
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.
Landowners are increasingly benefiting from development uplift in land values – but must plan carefully to avoid hefty tax bills.
“The past 18 months have seen a flurry of farmers looking at developing land, following the radical change in planning rules in favour of development,” says Neil Cox, senior rural services manager at accountant Old Mill. “This, combined with delays among many local authorities to complete their Local Development Plan, means a number of parcels of land that previously would not have been identified for development have successfully secured planning permission.”
West Ham have agreed to sell Upton Park to London developer the Galliard Group once they have completed their move to the Olympic Stadium in 2016.
The Hammers said they chose the group for its "close links to the community".
A presumption in favour of converting farm buildings to residential use was written into planning guidance in the National Planning Policy Framework in 2012.
New isolated homes in the countryside should be avoided, it said, except under certain circumstances, including “where the development would reuse redundant or disused buildings and lead to an enhancement to the immediate setting”.
With government keen to promote economic recovery through support for the housing market and amendments to planning policies, landowners may be able to benefit from planning permission for housing. Peter Moore explains some of the key issues for landowners
Ministers are encouraging developers and housing associations in England to bid for cash from a new £3.3bn fund which they say will create 165,000 affordable homes.
Plan to deliver tens of thousands of new homes and jobs in the capital through the creation of new opportunity areas have been announced by the Mayor of London, Boris Johnson.
Secretary of state Eric Pickles has backed a developer against a council over affordable housing requirements. Separately, another council has let a developer off its obligation to provide further affordable homes.
Mechanical ventilation and heat recovery systems in ten new homes that were especially monitored over 18 months were so badly designed or installed that nine had to be re-commissioned and one replaced.
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