Tag Archives: construction

Three year study says self builders in UK struggle to fulfil their dream home

Even people with the means to build their own home are struggling to do so in the UK in a housing sector dominated by traditional models of construction and ownership. According to a new report from Goldsmiths, University of London, despite the government wanting to encourage more people to build their own home and the huge popularity of the television programme Grand Designs, it is only those with access to certain things that ever end up fulfilling their dream. Dr Michaela Benson of the university's Department of Sociology at Goldsmiths, spent three years studying self building as a form of housing provision in the UK and examining the changing context of housing in Britain, from supply through to regulation, and the role this plays in contemporary self build. She conducted numerous interviews with those who have created their own homes, offering a personal, sociological, focus in contrast to most policy or industry led research and found that self build is a housing option only really open to those with social, cultural and economic capital as well as existing skills and knowledge. This is in contrast to the vision of Walter Segal and his self build projects in 1970s Lewisham, which saw men and women from a range of backgrounds come together to learn skills and create new communities, with dwellings that were quickly and cheaply built as well as environmentally friendly. Dr Benson has explored a diverse range of paths into self building, from community focused projects to self builds that weren’t planned but became necessary to families whose former houses had deteriorated to the extent to which the only solution was to knock them down and start again. She also found that while access to financial resources are a necessity in order to become a self-builder, even those with capital find that the housing sector and related industries just aren’t geared towards their needs. Many self builders seek new specialist materials, particularly those that reduce energy consumption for their homes, but have difficulty finding people with the expertise to install them. Self build mortgages are just as hard to procure. It’s apparent that more extensive adaptation of services and products to the needs of self-builders would be valuable if the industry is to be scaled up, Dr Benson argues. She says that the population of self builders can and should be more diverse. 'Although the majority of self build projects result in home ownership, the community self build sector also promotes self build for social or private rent, while some innovative schemes such as LILAC centre on mutual home ownership,' she said. 'These are an important part of the housing landscape that present real opportunities to challenge the system of house buying and tenure as it currently stands. Self building could challenge the dominant modes of housing procurement and a market oriented towards home ownership and profit making,' she added. The report includes a number of recommendations aimed at shaking up the traditional housing sector and making self building a more… Continue reading

Posted on by tsiadmin | Posted in Investment, investments, land, London, News, Property, Real Estate, Shows, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , , | Comments Off on Three year study says self builders in UK struggle to fulfil their dream home

Planning consent for new homes in New Zealand up 24% annually

The new build property sector in New Zealand is growing with planning consents up 24% in July compared with a year ago, the latest data shows. Overall there were 2,824 new dwellings consented nationally, the highest number since march 2005, according to the figures from Statistics New Zealand. It was boosted by apartments and town houses, flats, and units and Waikato led the growth with consents up 40% while Auckland saw growth of 31%, well above the national average. The total value of consents for all buildings in July 2015 was $1.4 billion, with some $976 million for residential buildings and $455 million for non-residential buildings. The data also shows that over $4 billion worth of building work was put in place in the June 2015 quarter, up nearly 8% on the June 2014 quarter, the highest quarterly value recorded in the 50 years since the series began, and represents almost $900 worth of building work per person. 'The value of both residential and non-residential building work increased overall. In Auckland, residential work grew, while in Canterbury most of the growth was in non-residential work,' said Statistics New Zealand business indicators manager Neil Kelly. After removing price changes and seasonal variations, the overall volume of building activity increased 1.6% following a 1.8% increase in the March 2015 quarter. Within this, the volume of non-residential work increased 5.2% while residential work fell 1%. The volume trend for non-residential building activity reached a new high in the June 2015 quarter, exceeding levels last seen in the March 2006 quarter. Meanwhile, the residential building activity volume trend is still 8% lower than the June 2004 quarter peak. The overall building activity volume trend grew to a level last seen 10 years ago in the June 2005 quarter, the previous series peak. Continue reading

Posted on by tsiadmin | Posted in Investment, investments, land, London, News, Property, Real Estate, Shows, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , , | Comments Off on Planning consent for new homes in New Zealand up 24% annually

Latest Help to Buy figures reveals success of flagship UK govt scheme

The UK government's flagship Help to Buy scheme has helped nearly 120,000 people achieve their aspiration of buying a new home since it was created, the latest figures reveal. Since the launch of the Help to Buy equity loan and mortgage guarantee schemes some 80% of scheme completions have been made by first time buyers, with more expected when the government’s Help to Buy ISA launches in December. The data also shows that the average house price under the scheme was £186,000, significantly below the national average and over 110,000 people have bought a home through the scheme with 95% sales outside of London and half for new build homes. This counters fears that the scheme might be loaded against first time buyers and especially those seeking to buy homes outside of the capital city. Over 90,000 have been first time buyers. Together with the government’s Help to Buy: NewBuy scheme, which offers 95% mortgages for those buying new build properties, the number of new home owners has reached over 118,000. Help to Buy is also ensuring the long-term health of the housing market by increasing housing supply, stimulating home building. Half of the homes bought through Help to Buy are new-build properties, helping to contribute to the 36% rise in private house building since the launch of Help to Buy. First time buyers will have a further boost from the Help to Buy ISA, which banks and building societies across the UK will offer from 01 December. Under this scheme, first time buyers can save up to £200 a month towards their first home and the government will boost their savings by 25%, or £50 for every £200, up to a £3,000 bonus. Six major lenders have already signed up to offer Help to Buy: ISAs. These lenders are Barclays, Lloyds Bank, Nationwide, Natwest, Santander and Virgin Money. 'This government is committed to helping people achieve the aspiration of buying their own home, and our Help to Buy schemes have now helped nearly 120,000 working people across the UK do just that,' said Chancellor of the Exchequer George Osborne. 'The stronger economy and financial system means we expect banks to start to exit our Help to Buy Mortgage scheme, and it was introduced in times of financial distress and will come to an end next year in any case,' he pointed out. 'The Help to Buy shared equity scheme goes from strength to strength and our new Help to Buy ISA we’re launching in December will provide generous support to those saving for their first home by providing a government boost on their deposit,' he added. Communities Secretary Greg Clark said it has also helped the construction sector with private house building up by more than a third since the launch of the scheme. Indeed, Home Builders Federation executive chairman Stewart Baseley, said Help to Buy continues to drive demand for new build homes. 'Its success is allowing builders to increase the number of homes… Continue reading

Posted on by tsiadmin | Posted in Investment, investments, land, London, News, Property, Real Estate, Shows, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , , , | Comments Off on Latest Help to Buy figures reveals success of flagship UK govt scheme