Plans have been submitted for a major retrofit of HSBC’s landmark Canary Wharf headquarters, paving the way for one of the world’s largest office building transformations. Canary Wharf Group and building owner Qatar Investment Authority have lodged proposals with Tower Hamlets Council to reinvent the 45-storey tower at 8 Canada
Panattoni, the world’s largest privately owned developer of industrial real estate, has submitted a hybrid planning application for Panattoni Park Maidstone, a major new 1.04 million sq ft industrial and logistics development in Kent. The application includes detailed proposals for the first phase, comprising two units of 100,000 sq ft
CCL Facades has been appointed to deliver a major façade package at Bicycle Works, the 331-home residential development forming the first phase of Wolverhampton’s wider Smithgate regeneration. The specialist façade contractor will work alongside parent company and lead contractor Caddick Construction on the scheme, which is being delivered for English
VINCI Construction Holding UK has reported a significant rise in profitability following the successful integration of its UK businesses, with pre-tax profit climbing 51% to almost £100 million as revenue approached the £3 billion mark. The strong financial performance comes after the French-owned infrastructure group completed a major corporate restructuring,
Endurance Land has appointed Multiplex as main contractor for 99 City Road, a major 36-storey office development set to create a new landmark on the northern edge of the City of London. Part of Nan Fung Group, Endurance Land is progressing the high-rise commercial scheme with an experienced design and
A major housing development is set to deliver 330 additional homes following a strategic re-plan and planning approval from Glasgow City Council. Set to be one of the largest regeneration schemes in the UK across multiple phases, top 10 UK housebuilder, Keepmoat, will increase its delivery from 834 homes to
A major regeneration programme that could transform the heart of Portsmouth has taken a significant step forward after Portsmouth City Council selected ECF as its preferred development partner for the next phase of the ambitious City Centre North masterplan. The proposed regeneration has the potential to deliver up to 2,300
Hertfordshire’s leading retail and leisure destination, Harlequin Watford, which isowned and managed by SGS UK Retail, has announced that the immersive gaming concept, Activate, has now opened within the centre, bolstering Harlequin’s diverse tenant mix of retail, F&B, and leisure occupiers. Activate, which has taken a 15,592 sq ft unit, joins
Kimpton has been awarded the mechanical & electrical (M&E) engineering contract at The City of Liverpool College following a competitive tender process. Social value comprised a key component of the procurement process and Kimpton will now host a number of students on T-Level placements. It will also support the college
The latest research from Lyons Bowe has revealed that sellers in Merseyside are proving the most resilient when it comes to asking prices, with just 27.2% of homes currently listed for sale having undergone a price reduction, meaning almost three quarters of properties remain at their original asking price. Lyons Bowe
Plans have been submitted for a major retrofit of HSBC’s landmark Canary Wharf headquarters, paving the way for one of the world’s largest office building transformations. Canary Wharf Group and building owner Qatar Investment Authority have lodged proposals with Tower Hamlets Council to reinvent the 45-storey tower at 8 Canada Square as a new mixed-use destination combining offices, hospitality, leisure and publicly accessible spaces. While the development cost has not been confirmed, the ambitious project is expected to represent an investment in the region of £800 million to £1 billion. Designed by Kohn Pedersen Fox (KPF), the retrofit-led scheme will retain much of the existing 1.1 million sq ft structure while making substantial architectural interventions to reposition the former banking headquarters for its next generation of occupiers. A major feature of the design will be the transformation of the tower’s upper levels, where sections of the existing floorplates will be removed to introduce landscaped terraces and create a striking new profile on the Canary Wharf skyline. The redevelopment will retain significant office accommodation while introducing an 181-room hotel, restaurants and leisure facilities across the upper floors, reflecting the continued evolution of Canary Wharf from a predominantly commercial district into a broader mixed-use destination. At the centre of the proposals is the “Cloud”, a new publicly accessible destination across levels 42 and 43. Large sections of the upper floorplates will be removed to create a rooftop venue offering panoramic 360-degree views across London. At ground level, the redevelopment will also improve connectivity through the estate. A new north-south pedestrian route is planned through the building, creating a direct connection between the Elizabeth line station and Canada Square Park and helping to open up the tower to the surrounding public realm. HSBC is due to leave 8 Canada Square in 2027 when its existing lease expires, ahead of relocating its headquarters to the City of London. Strip-out works are expected to begin following the bank’s departure, with the main three-year construction programme scheduled to commence in 2028. KPF secured the commission after winning a design competition for the redevelopment in 2024. The shortlist is understood to have included Foster + Partners, the architectural practice responsible for the original tower, and Danish studio 3XN. The wider professional team brings together a number of leading construction and engineering specialists. Gardiner & Theobald is acting as project manager and cost consultant, Robert Bird Group is providing structural engineering expertise, while Sweco is responsible for MEP and sustainability consultancy. The proposals represent a significant example of large-scale adaptive reuse within the commercial property sector, retaining much of an existing high-rise structure while introducing new uses, modern building services, public spaces and extensive architectural alterations. If approved, the transformation of 8 Canada Square will mark a new chapter for one of Canary Wharf’s most recognisable buildings, demonstrating how major office towers can be repositioned to meet changing occupier requirements while supporting the district’s continuing shift towards a more diverse mix of workplaces, hospitality, leisure and public amenities. Building, Design & Construction Magazine | The Choice of Industry Professionals
Panattoni, the world’s largest privately owned developer of industrial real estate, has submitted a hybrid planning application for Panattoni Park Maidstone, a major new 1.04 million sq ft industrial and logistics development in Kent. The application includes detailed proposals for the first phase, comprising two units of 100,000 sq ft and 150,000 sq ft. Outline permission is being sought for the second phase, which will provide customers with opportunities to secure flexible built-to-suit facilities tailored to their operational requirements. The 70-acre site at Lenham is a former manufacturing site being brought back into productive use. It is strategically located close to the A20 and M20, providing strong connections to London, the M25, and key ports serving the UK and continental Europe. The application follows an extensive programme of local consultation. More than 150 people attended a public exhibition in Lenham earlier this year, and feedback showed strong support for the proposals: nearly 85% of respondents backed redeveloping the site for employment use, and 98.5% agreed that redeveloping brownfield land was preferable to building on greenfield. The development will target BREEAM ‘Excellent’ and EPC A+ ratings, with buildings designed to support modern logistics, manufacturing, and distribution operations. Alongside the commercial floorspace, the scheme will deliver around 5km of new and improved roads, cycleways and footpaths, together with landscaping and enhanced public access across the site. Panattoni’s nearby scheme at Aylesford as evidence of the economic potential of industrial and logistics developments. Also a redeveloped Kent brownfield site, Panattoni Park Aylesford is now fully occupied and contributes an estimated £180 million a year to the local economy, supporting thousands of jobs. David McGougan, Senior Development Director for the South East at Panattoni, said: “This is a significant planning application that will unlock more than one million square feet of high-quality industrial and logistics space in a market where modern supply remains constrained. “The combination of immediately available units and flexible built-to-suit opportunities will allow us to respond to a broad range of customer requirements. Panattoni Park Maidstone is exceptionally well located for businesses serving London, the South East, and European markets.” Colliers, CBRE, and Vail Williams are the retained agents for Panattoni Park Maidstone. Building, Design & Construction Magazine | The Choice of Industry Professionals
CCL Facades has been appointed to deliver a major façade package at Bicycle Works, the 331-home residential development forming the first phase of Wolverhampton’s wider Smithgate regeneration. The specialist façade contractor will work alongside parent company and lead contractor Caddick Construction on the scheme, which is being delivered for English Cities Fund (ECF), the regeneration partnership between Homes England, L&G and Muse. Under the contract, CCL Facades will be responsible for the design, supply and installation of the doors, 400 sq m of curtain walling and 2,900 sq m of windows across the development’s three six-storey buildings. The package includes the installation of 1,324 individual windows. The appointment represents an important construction milestone for Bicycle Works as work progresses on the residential-led regeneration of this key Wolverhampton city centre site. Bicycle Works will provide 331 new homes and represents the opening phase of the much larger Smithgate masterplan. Once developed, the new mixed-use neighbourhood is expected to deliver up to 1,000 homes alongside new shops, amenities and public spaces, helping to create a vibrant new destination in the heart of Wolverhampton. CCL Facades is due to begin work on site in October and will collaborate with its specialist supply chain throughout delivery. The company will focus on high-quality design and innovative façade solutions, with sustainability forming an important part of its approach. The contract further strengthens CCL Facades’ presence across the Midlands and adds another substantial residential regeneration project to its growing portfolio. The contractor is also currently working on Cole Waterhouse’s flagship Upper Trinity Street regeneration development in Digbeth, Birmingham, further demonstrating its expanding role in major mixed-use and residential schemes across the region. With Caddick Construction leading delivery and CCL Facades undertaking a significant element of the building envelope, Bicycle Works is set to provide the first major residential component of the wider Smithgate transformation. The project will ultimately contribute to the creation of a new mixed-use city centre neighbourhood, combining hundreds of new homes with commercial amenities and improved public realm as Wolverhampton continues to attract investment into regeneration and residential development. Building, Design & Construction Magazine | The Choice of Industry Professionals
VINCI Construction Holding UK has reported a significant rise in profitability following the successful integration of its UK businesses, with pre-tax profit climbing 51% to almost £100 million as revenue approached the £3 billion mark. The strong financial performance comes after the French-owned infrastructure group completed a major corporate restructuring, bringing together Eurovia, Ringway, Taylor Woodrow, VINCI Building, VINCI Facilities and newly acquired FM Conway under a single UK operating structure. Combined revenue, including joint ventures, increased by almost 20% during 2025 to reach £2.9 billion, reflecting robust demand across highways, civil engineering, construction and infrastructure markets. For the construction sector, the results demonstrate the benefits of strategic consolidation, with improved operational efficiencies and stronger project delivery contributing to higher profitability across the enlarged business. Operating margins more than doubled during the year, rising from 1.7% to 3.5%. The improvement was driven by stronger performances across several divisions, including the return of the facilities management business to profitability and increased margins within Taylor Woodrow’s civil engineering operations. FM Conway made the largest contribution following its acquisition at the end of January, adding £569 million in revenue and almost £39 million in operating profit to the enlarged group. Among VINCI’s established businesses, highways maintenance specialist Ringway once again delivered one of the strongest operating performances, while Taylor Woodrow increased its operating profit contribution from £17 million to £19 million as investment in major infrastructure projects continued. Eurovia also delivered a solid trading performance during the year. However, VINCI Building and VINCI Facilities continued to face challenges associated with legacy projects, which constrained profitability despite generating combined revenues of more than £1.1 billion. The enlarged group also expanded its workforce significantly, with employee numbers rising by more than a third to almost 9,000 people following the integration of FM Conway into the business. Scott Wardrop, Chief Executive of VINCI Construction Holding UK, said: “These results are a credit to the six core operating business managing directors, their respective senior management teams in each of our principal operating businesses and all our teams in our business units and projects. “We have all endured significant change in our careers, but this intense period is unprecedented. “However, we are optimistic, and we have three-year plans for each business and each business unit, and plan to deliver +4.0% in 2026. “We will keep evolving through optimisation, innovation and transformation and continue to develop into a strong and resilient dynamic UK infrastructure group.” The results reinforce VINCI’s position as one of the UK’s largest construction and infrastructure businesses, with expertise spanning highways, civil engineering, commercial building, facilities management and major infrastructure delivery. As investment continues across transport, utilities, commercial property and public sector infrastructure, VINCI Construction Holding UK enters the next phase of its growth with a strengthened balance sheet, an expanded workforce and a diversified portfolio capable of delivering complex projects across the built environment. Building, Design & Construction Magazine | The Choice of Industry Professionals
Endurance Land has appointed Multiplex as main contractor for 99 City Road, a major 36-storey office development set to create a new landmark on the northern edge of the City of London. Part of Nan Fung Group, Endurance Land is progressing the high-rise commercial scheme with an experienced design and engineering team led by architect Kohn Pedersen Fox Associates (KPF). AKT II is providing structural engineering expertise, while Arup is advising on mechanical, electrical and public health services alongside sustainability. Designed as a next-generation workplace, 99 City Road will provide office accommodation for around 4,000 people, adding significant new Grade A commercial floorspace to an area benefiting from continued investment and regeneration. Sustainability and building performance will form a major part of the development. The project is targeting BREEAM Outstanding and a NABERS 5-star rating, alongside SmartScore and WiredScore Platinum certifications, placing energy efficiency, connectivity and smart building technology at the heart of the design. Multiplex’s appointment follows its earlier involvement with the project as Construction Partner under a Pre-Construction Services Agreement. This pre-construction phase has enabled the contractor to work alongside Endurance Land and the wider consultant team ahead of the main construction programme, supporting design development, buildability and delivery planning for the complex high-rise scheme. The contract also represents the second major collaboration between Endurance Land and Multiplex. The contractor recently completed Jahn Court and Brassworks at Regent Quarter, another significant Endurance Land development. The scheme has subsequently been leased to OpenAI and is expected to open in 2027. The appointment to 99 City Road therefore builds on an established relationship between the developer and contractor, with Multiplex bringing its experience of delivering complex commercial towers and major central London developments to the project. With KPF, AKT II and Arup forming part of the professional team, the development brings together architecture, structural engineering, building services and sustainability expertise as Endurance Land looks to create a high-performing workplace capable of meeting the evolving requirements of major occupiers. The project also reflects continued confidence in London’s premium office market, where developers are increasingly focusing investment on highly sustainable, technologically advanced buildings offering strong environmental performance and high-quality working environments. Once delivered, the 36-storey 99 City Road will provide a substantial new commercial destination for thousands of workers while adding another major high-rise development to the evolving skyline around the northern edge of the City. Building, Design & Construction Magazine | The Choice of Industry Professionals
A major housing development is set to deliver 330 additional homes following a strategic re-plan and planning approval from Glasgow City Council. Set to be one of the largest regeneration schemes in the UK across multiple phases, top 10 UK housebuilder, Keepmoat, will increase its delivery from 834 homes to 1,164 at its flagship NorthBridge scheme. In late 2025, the housebuilder celebrated the success of its first phase at the site, located off Pinkston Road, which created 154 homes, enhanced and new transport links, green spaces and walking and cycling routes. Tim Metcalfe, Regional Managing Director at Keepmoat, Scotland said: “This is a significant milestone in seeing much needed homes moving forward for the area. We’re thrilled to have secured approval of our strategic re-plan for this transformative development to create much needed homes alongside the council. “At Keepmoat we’re committed to creating sustainable, multi-tenure communities that prioritise well designed neighbourhoods with high quality homes, green spaces and abundant connections into existing communities. “The NorthBridge project reflects our long-term commitment to the city and our ambition to create exceptional places to live alongside the council.” The developer is currently delivering phase two and three of the site, set to create 246 homes, with 41 homes designated for local housing association Wheatley Homes Glasgow (WHG). Councillor Ruairi Kelly, Convener for Housing and Development at Glasgow City Council, said: “This is welcome news for Sighthill as it continues its ongoing regeneration, and indeed the whole city. The building of a further 330 high-quality homes in a Glasgow neighbourhood that has been transformed in recent years will be an important part of what the council and its partners are working to do to make as many homes as possible available.” Keepmoat is a top 10 UK partnership homebuilder with a track-record of delivering quality homes in regions across the UK. To date, Keepmoat has built over 35,000 homes, transforming brownfield sites into thriving new communities. To find out more about Keepmoat, please visit: www.keepmoat.com Building, Design & Construction Magazine | The Choice of Industry Professionals
A major regeneration programme that could transform the heart of Portsmouth has taken a significant step forward after Portsmouth City Council selected ECF as its preferred development partner for the next phase of the ambitious City Centre North masterplan. The proposed regeneration has the potential to deliver up to 2,300 new homes alongside commercial, leisure and public realm improvements, creating one of the largest mixed-use developments on the South Coast. The 13.25-hectare brownfield site, which occupies land formerly home to the now-demolished Tricorn shopping centre and surrounding car parks, is set to be reimagined as a vibrant new city centre neighbourhood that combines residential, commercial and community uses. ECF – the regeneration partnership between Homes England’s National Housing Bank, Legal & General (L&G) and Muse – will now work alongside Portsmouth City Council to assess development options before progressing towards a formal development agreement. For the construction and property sectors, the appointment marks another major regeneration opportunity that could unlock substantial investment, housing delivery and long-term economic growth while bringing a strategically important city centre site back into productive use. Alongside a mix of homes across different tenures, the emerging masterplan includes new commercial workspace, leisure facilities and improved pedestrian connections designed to increase footfall, strengthen the local economy and create a more accessible and attractive urban environment. A key feature of the proposals will be more than 240,000 sq ft of new public realm, including a significant urban park that will provide valuable green space for residents, workers and visitors while enhancing the overall quality of the city centre. The regeneration reflects the growing emphasis on brownfield redevelopment as local authorities seek to deliver sustainable housing growth by repurposing underutilised urban land rather than expanding onto greenfield sites. Sir Michael Lyons, Chairman of ECF, said: “We’re looking forward to working with Portsmouth City Council over the coming months to explore the site in detail, test what’s deliverable here, and build the case for how we might take this forward together.” ECF has built a strong reputation for delivering large-scale regeneration projects across the UK, with an extensive portfolio that includes developments in Canning Town, Stockport, Bradford, Wolverhampton, Northampton and Stevenage. If brought forward, City Centre North has the potential to become one of Portsmouth’s most significant regeneration projects in decades, delivering new homes, employment opportunities, public spaces and commercial investment while creating a thriving mixed-use destination that supports the city’s long-term economic and residential growth ambitions. Building, Design & Construction Magazine | The Choice of Industry Professionals
Hertfordshire’s leading retail and leisure destination, Harlequin Watford, which isowned and managed by SGS UK Retail, has announced that the immersive gaming concept, Activate, has now opened within the centre, bolstering Harlequin’s diverse tenant mix of retail, F&B, and leisure occupiers. Activate, which has taken a 15,592 sq ft unit, joins Harlequin’s evolving leisure offering, alongside Cineworld, Boom Battle Bar and Flip Out, affirming the centre’s position as both a thriving dual-purpose retail destination and a focal point for leisure and entertainment. Following Activate’s success within its London sites, and its global success across Canada, the US, and Dubai, SGS identified its popularity, along with the needs and wants of its visitors to open the brand’s 3rd destination outside of the capital. The regional debut cements Harlequin’s reputation as a key regional destination for visitors from across north London, Hertfordshire and Buckinghamshire. As competitive socialising concepts continue to grow in popularity, the branch will feature technology-driven challenges, interactive game rooms, enhanced with lasers, grids, hoops, portals and reaction-based challenges. The new leisure addition offers a range of physical, mental and team-based challenges tailored for groups of friends, families, birthday parties and corporate teams. Games on offer include player favourites, including Activate’s most popular game, Mega Grid. It will also feature Grid, where the floor transforms into a giant interactive playing surface, challenging teams to jump, sprint and strategise their way to victory. Mega Laser is another fan favourite that will feature in the scheme, with players navigating a room criss-crossed by laser beams without triggering alarms in an experience reminiscent of Mission: Impossible. Rich Beese, co-founder of We Do Play, said: “The arrival of Activate at Harlequin is a pivotal time in the brand’s growth, as one of the first branches outside of London. With its impressive footfall from a broad catchment, we are certain that this branch in Watford will be well received as competitive socialising concepts offer something fresh and continue to grow in demand.” Robert Jewell, Managing Director of Asset Management at Pradera, commented: “As Activate officially joins our evolving portfolio of leisure tenants, it affirms Harlequin’s position as the region’s premier all-day destination for shopping, dining and leisure. The immersive gaming concept joins as we are seeing strong performance of our competitive socialising options, signalling the scheme’s success as an all-day destination.” The opening follows the recent opening of Chop & Wok at Harlequin, as it continues to evolve its F&B and leisure options in line with increasing demand. Harlequin’s success in securing both quality and diverse occupiers comes after strong investment and long-term strategy to hold its position as the region’s go-to destination for everything. Time Retail and LM are Harlequin’s retail leasing agents, and Metis and LM lead the leisure leasing. Pradera asset manages Lakeside on behalf of SGS UK Retail. LM acted for Activate. Building, Design & Construction Magazine | The Choice of Industry Professionals
Kimpton has been awarded the mechanical & electrical (M&E) engineering contract at The City of Liverpool College following a competitive tender process. Social value comprised a key component of the procurement process and Kimpton will now host a number of students on T-Level placements. It will also support the college to refurbish its Plumbing & Gas Workshop by designing and installing its gas and water infrastructure and providing industry hardware and appliances to support students’ learning, providing around £35,000 worth of in-kind value. The new contract further expands Kimpton’s relationship with the college, having previously been appointed to manage its air conditioning systems and joining its minor works framework. Kimpton, which is headquartered in Bromborough, uses current students within its delivery teams on those works, allowing the flow of talent and opportunity to come full-circle. The two organisations have worked together for more than 30 years to help develop the city region’s future workforce, with dozens of apprentices and trainees benefitting from Kimpton’s expert team in classrooms and on site, providing industry experience and positioning students for successful careers. Elaine Bowker, principal and chief executive of The City of Liverpool College, said: “It’s vitally important to us that we prepare our students for the world of work, equipping them with the skills they need to secure jobs and pursue long, successful careers. Our relationships with industry partners are critical to that approach, not only in helping students to secure work experience or apprentice opportunities, but also to guide our teaching and ensure we are producing students with the qualities that employers want. “Many of these roles will ultimately help to decarbonise our environment, strengthen local supply chains and build long-term economic resilience for the communities who live and work here. “Kimpton has been a close and valued partner in those efforts for decades now. Both organisations share values and support one another to reach our goals. This sense of authentic, committed values was evident throughout their bid in this latest competitive tender process.” Matt Breakwell, director of sales and ESG at Kimpton, explains: “We are delighted to have secured this new M&E contract with The City of Liverpool College and strengthen our relationship with one of our longest-standing partners. “Apprenticeships have long sat at the heart of our approach; four current directors and shareholders began as apprentices and nine senior team members followed the same route. In recent years we have widened access by recruiting directly through vocational colleges such as The City of Liverpool College, targeting students already committed through technical study, placements or T-Levels. “This has really helped to improve the quality of candidates, eliminate drop-out and grow our cohort as a percentage of our workforce. The results are visible and we have numerous clear success stories from our relationship with The City of Liverpool College. Young people can see a genuine pathway from apprentice to engineer, supervisor, manager, director and business owner. There is no glass ceiling here.” Building, Design & Construction Magazine | The Choice of Industry Professionals
The latest research from Lyons Bowe has revealed that sellers in Merseyside are proving the most resilient when it comes to asking prices, with just 27.2% of homes currently listed for sale having undergone a price reduction, meaning almost three quarters of properties remain at their original asking price. Lyons Bowe analysed current residential property listings across England to identify the proportion of homes currently available for sale that have seen their asking price reduced before securing a buyer. The analysis compares regional and county-level markets to reveal where sellers are proving most able to hold firm on price.* Across England, there are an estimated 393,752 homes currently available for sale, excluding those already sold subject to contract or under offer. Of these, 159,861 have undergone at least one price reduction, meaning 40.6% of current listings have seen sellers adjust their asking price. However, the figures vary considerably across the country, with some markets showing considerably greater resilience. Merseyside emerges as the strongest county-level market, with just 27.2% of available homes having undergone a price reduction. This means 72.8% of current listings in the county remain at their original asking price. Greater Manchester and Northumberland also rank among England’s most resilient markets, with 33.1% of current listings in each having seen a price reduction. They are followed by Rutland at 33.6% and East Riding of Yorkshire at 34.3%. The regional figures reinforce the strength of northern markets. The North West records the lowest proportion of price-reduced homes in England, at 32.4%, meaning more than two thirds of current listings in the region have not required an asking price reduction. The North East follows at 36.8%, while Yorkshire and the Humber ranks third at 37.8%. The West Midlands also performs relatively strongly, with 39.1% of current listings having seen a price reduction, while the East Midlands records 40.6%, broadly in line with the national figure. At the other end of the scale, the South East records the highest proportion of price-reduced homes, at 43.4%, followed by London at 42.0% and the East of England at 41.9%. The South West records 40.8%, also close to the national picture. The county-level data highlights an equally wide variation. While almost half of homes currently listed in Norfolk have undergone a price reduction, at 48.2%, the proportion falls to 27.2% in Merseyside. The Isle of Wight, East Sussex and Dorset also record relatively high levels of price reductions, at 46.7%, 46.4% and 45.5% respectively. Lyons Bowe says the findings demonstrate that national housing market trends can mask significant differences between individual regions and counties, with some local markets continuing to support sellers’ asking prices more effectively than others. Paul Lyons, Managing Director at Lyons Bowe Solicitors, commented: “One of the most interesting things about the housing market at the moment is just how differently individual parts of the country are performing. Merseyside is a particularly striking example. With more than seven in 10 homes currently listed for sale yet to undergo a price reduction, sellers in the county are proving considerably more resilient than the national picture would suggest. The wider performance of the North West is also encouraging, with the region recording the lowest proportion of price-reduced listings in England. For sellers and estate agents, that points to a market where there is still scope to hold firm on asking prices when a property is accurately valued and appropriately marketed. Of course, a price reduction isn’t in itself a measure of whether a market is strong or weak. Sellers may reduce their asking price for all sorts of reasons, and the figures don’t tell us how quickly properties are selling. What they do show is where sellers have so far been less likely to need to adjust their expectations. That local picture is increasingly important. The national housing market can tell you a great deal, but it can’t necessarily tell an individual seller what is happening on their street. For estate agents, understanding those local differences is crucial when advising clients on pricing and setting realistic expectations from the outset.” Data tables and sources Building, Design & Construction Magazine | The Choice of Industry Professionals