Bellway, one of the UK's largest homebuilders, has announced that it is continuing to invest in its future pipeline by acquiring new land for development.
The company stated that it is well-positioned to meet housing demand.
However, in its update, it also issued a cautionary warning about the 'significant' and 'frustrating' delays it is experiencing in securing planning permission from local councils.
The issue of planning delays has been a long-standing challenge for the UK's housing sector.
The slow pace of approvals, often due to under-resourced local planning departments and complex regulatory frameworks, is a major bottleneck that is hindering the government's ambitions to build more homes.
Bellway's warning highlights the disconnect between the national goal of increasing housing supply and the on-the-ground reality of local bureaucratic hurdles.
The delays can add significant costs and time to a project, which in turn can impact the availability and affordability of new homes.
The situation underscores the need for a reform of the UK's planning system to unblock the pipeline of new housing developments and support the construction sector.
FTSE 100 property developer Berkeley Group has warned of a housing slowdown in London, forecasting further decline unless the government addresses regulatory and tax hurdles.
Timber and materials distributor James Latham has reported a rise in revenue, citing strong demand for timber products.
Shares in construction firm Costain plummeted after the company reported a significant drop in first-half revenue, a fall it attributed to delays on the HS2 rail project.
Shares in construction firm Costain plummeted after the company reported a significant drop in first-half revenue.
Chancellor Rachel Reeves is reportedly weighing a new property tax to replace or reform the existing stamp duty system, a move that could shake up the UK housing market.
Chancellor Rachel Reeves is reportedly weighing a new property tax on high-value homes to replace or reform the existing stamp duty system.
Construction giant Balfour Beatty has reported a lift in profits and is optimistic about a boost from its UK construction projects.
Construction and infrastructure giant Balfour Beatty has reported a lift in its profits, citing a strong performance from its UK-based construction and infrastructure projects.
Homebuilder Bellway has announced it is acquiring more land for future developments but has issued a warning about significant delays in securing planning permission from local councils.
UK homebuilder Bellway has warned that its ability to meet housing demand is being hindered by 'frustrating' planning delays from local councils.
Monthly GDP rose 0.4% in June, with services, manufacturing and construction all contributing.
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Amazon offers 45% discount on L'Oreal Paris Laser Renew Anti-Ageing Triple Action Eye Cream.
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Experts caution that Premium Bonds winnings may lead to unexpected tax bills depending on how they’re used.
McVitie’s introduces a new caramel-flavoured Penguin biscuit available in major UK supermarkets just in time for autumn.
Despite a wider trend of decreasing car insurance premiums in the UK, a new report indicates that prices for drivers under the age of 25 have seen a recent increase.
A major government reshuffle has fueled speculation about the future of Chancellor Rachel Reeves as the UK's long-term borrowing costs reach a 27-year high amidst broader European economic uncertainty.
The Powerball jackpot has skyrocketed to an estimated $1.3 billion after no one won the top prize in the latest drawing, marking the 41st consecutive drawing without a winner and setting up the fifth-largest jackpot in the lottery's history.
Greggs has introduced a £5 meal deal nationally along with new autumn-inspired menu items including Chicken Fajita Bake and Pumpkin Spice specials.
Financial expert Martin Lewis has issued a powerful warning against online criminals who use his name and deepfake technology in 'disgraceful' adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
New data reveals councils increasingly use one-off cash incentives to persuade private landlords to accept homeless households, costing taxpayers millions.
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Clase Azul is a premium Reposado Tequila that is as famous for its elegant, hand-painted ceramic decanters as it is for its contents.
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