The latest research from Yopa, the full-service estate agents, has found that the property market has picked up the pace in the two weeks since the Autumn Budget, with 84,000 more homes listed for sale today – an increase of 11.4%. Yopa analysed* current for sale stock listings across Britain, looking at how many have hit the market in the two weeks since the Autumn Budget and how this level of market activity differs by each area of the nation. The research shows that there are currently some 823,898 homes listed for sale across Britain and 84,065 of those have entered the market since the Autumn Budget alone –  a boost of 11.4% in the number of sellers choosing to make their move. Every region of Britain and every major city analysed by Yopa has seen an increase in for sales stock levels since the Autumn Budget. Regionally, the largest increase has been seen across Scotland at 12.7%, with the North East (+12.3%) and London (+12.2%) also seeing some of the largest increase in for sale stock levels. Wales has seen the smallest influx of new homes listed for sale, although there has still been a 9.5% increase in the last two weeks alone. Of the 15 major cities analysed by Yopa, Glasgow has seen the biggest increase at 13.4%, followed by Nottingham (+13.3%), Edinburgh (+13.2%) and Brighton (+12.5%). CEO of Yopa, Verona Frankish, commented: “There’s always a sense of uncertainty in the run up to a major budget and so it’s hardly surprising that many home sellers may have been sitting on the fence to see just what Chancellor Rachel Reeves had up her sleeve for them. The answer was unfortunately not a great deal and now that the Autumn Budget is done and dusted, we’ve seen a significant increase in the number of sellers entering the market. This is a smart move given the fact that there was no extension to current stamp duty relief thresholds granted and we’re now likely to see an uptick in demand over the coming weeks as homebuyers look to purchase ahead of next year’s 31st March deadline.” Data tables and sources Full data tables and sources can be viewed online, here. Building, Design & Construction Magazine | The Choice of Industry Professionals

In response to the Scottish Minister of Public Finance, Ivan McKee’s, announcement on reforming Scotland’s planning system, Timothy Douglas, Head of Policy and Campaigns at Propertymark, comments: “Reforming Scotland’s planning system is key to making housing more affordable and measures to create a new planning hub and increasing the capacity of local authorities by training additional planners to accelerate planning applications will help build the homes that Scotland needs. “However, as the Minister said, planning isn’t the only solution to unlock more homes in Scotland and solve the housing crisis. Reviewing the tax people pay when purchasing property, bringing more empty homes back into use through financial grant support, building more social homes, introducing tax incentives to encourage investment in the private rental sector as well as requiring local authorities to have a plan for retirement housing and incentivising people to right size can also boost the supply of homes. Propertymark will continue to call for action in these areas.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Homes England has announced the appointment of Eamonn Boylan as its interim Chief Executive, succeeding Peter Denton, who will step down in January 2025. Boylan is set to begin his role on 15 January, bringing over 42 years of experience in significant public sector roles to lead the Agency through its strategic priorities. Boylan’s impressive career includes senior roles such as Deputy Chief Executive of Manchester City Council, Chief Executive of Stockport Council, and Deputy Chief Executive of the Homes and Communities Agency, the forerunner of Homes England. His extensive background in public sector leadership, particularly in housing and regeneration, positions him to make a strong impact in advancing the government’s housing and community initiatives. Homes England moved quickly to secure an interim leader, with the appointment approved by the Deputy Prime Minister. Housing and Planning Minister Matthew Pennycook expressed confidence in Boylan, stating, “Eamonn brings unparalleled expertise and a successful track record in strategic leadership. I am confident he will drive Homes England’s efforts to boost housing supply and foster place-based regeneration. I look forward to collaborating with him in the new year.” Peter Freeman, Chair of Homes England, added, “Eamonn’s experience in public sector leadership, particularly in housing and community development, makes him an ideal choice to lead during this period. The Board and I are confident that under his leadership, Homes England will continue creating thriving communities that truly enhance people’s lives. We eagerly anticipate welcoming him to the team.” Boylan shared his enthusiasm for the role, highlighting the Agency’s goal of delivering 1.5 million new homes within the current parliamentary term. “I am ready to help tackle the challenges ahead and deliver on the government’s housing ambitions. My focus will be on strengthening partnerships, empowering local leaders, and driving forward housing initiatives that positively impact lives. I am proud to join a talented team, and together with our partners, I am confident we will rise to the task.” Boylan’s leadership is set to steer Homes England through a critical period, reinforcing its role in creating sustainable, vibrant communities across the country. Building, Design & Construction Magazine | The Choice of Industry Professionals

A major new public-private partnership aimed at delivering affordable, sustainable housing has been launched by Pension Insurance Corporation (PIC), a leading UK investor in housing and infrastructure, and national placemaker Muse, in collaboration with Homes England, the government’s housing and regeneration agency. The partnership, named Habiko, is set to deliver 3,000 low-carbon, energy-efficient affordable homes across England over a 12-year period, addressing critical housing needs while unlocking large-scale institutional investment. Designed to become self-sustaining, Habiko will focus on delivering high-quality, affordable rental homes at rents set 20% below local market rates, prioritising areas where housing demand is high. Affordable Housing with a Focus on Energy EfficiencyHabiko’s housing developments aim to provide up to 100% affordable homes for rent, offering essential options for those whose housing needs are not met by the market. By incorporating low-energy, low-carbon design principles, these homes will help residents reduce their energy bills while contributing to the UK’s climate goals. Homes will be strategically located near employment hubs, ensuring accessibility to jobs and essential services, with a commitment to creating social value and economic benefits for local communities. Investing in Communities and Sustainable DevelopmentThrough PIC’s long-term stewardship model, this partnership will bring both financial security and social benefits. PIC’s ongoing investment, with the flexibility to forward fund development throughout the 12-year programme, will allow it to ultimately own and manage these homes, providing secure, inflation-linked cashflows to back the pensions of its policyholders. PIC has already invested around £4 billion in social and affordable housing, reinforcing its role in creating resilient, community-oriented housing solutions. Habiko’s construction approach will also diversify the housing supply chain, encouraging innovative building techniques and green skills development in local communities. This initiative is anticipated to boost local economies by creating jobs and training opportunities aligned with sustainable housing goals. Showcasing Innovation at UKREiiFMuse, PIC, and Homes England will promote the Habiko partnership at the upcoming UK Real Estate Investment and Infrastructure Forum (UKREiiF), the UK’s leading platform for investment in sustainable infrastructure. Their presence will allow them to engage with other stakeholders, discuss strategies to expand affordable housing, and showcase their joint commitment to addressing the housing crisis through innovative, community-centred, and environmentally resilient solutions. Tracy Blackwell, CEO of PIC, emphasised the importance of collaboration, saying, “Meeting the UK’s affordable housing needs requires the combined efforts of government, developers, and private investors. Habiko demonstrates how public-private partnerships can create low-carbon, low-energy affordable homes, aligning with our commitment to secure cashflows for our policyholders and generate considerable social value.” Phil Mayall, Managing Director at Muse, echoed this sentiment, “The government has set an ambitious target for affordable housing. By collaborating with PIC and Homes England, we can harness our collective expertise to deliver thousands of low-carbon homes that truly meet the needs of communities nationwide.” Peter Denton, CEO of Homes England, added, “Institutional investment is vital to meet the demand for new homes. Habiko combines Muse’s technical expertise with PIC’s financial strength, positioning this partnership as a pivotal force in delivering low-carbon, affordable housing across England.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Leading independent housebuilder City & Country has pledged its support for a new national campaign by Pocket Living urging the Government to help unlock the potential of small and medium-sized developers to end the housing crisis. Pocket Living’s “Get SMEs Building Again” reports the difficulties that SME housebuilders face and puts forward a 10-point plan to boost housing delivery by levelling the playing field. The report notes that the number of SME housebuilders has plummeted from 12,000 in the 1980s to just 2,500 today, with the sector now building just 10% of the UK’s new homes, compared with nearly half of homes in the 1970s. Pocket Living, supported by City & Country and a number of other developers, has put forward a manifesto of recommendations that it believes will revitalise the struggling small and medium-sized housebuilder sector and massively speed up the number of homes being built on smaller sites across the country. Wayne Douglas, Managing Director at City & Country, comments: “The report by Pocket Living clearly highlights the difficulties that SMEs face, and puts forward a sound and well-researched plan that could unlock the full potential of smaller businesses to create the homes the country so badly needs. At City & Country, we are keen to support it and would encourage the Government to take urgent action to put smaller developers back at the heart of housebuilding. “SMEs have a vital role to play in the housing market, but there are too many barriers in their way – the pace of planning is one such hurdle, but another significant barrier is the cost of finance when the planning and discharge process can be so lengthy and uncertain. For SMEs, the risk we take on can mean we can on otherwise viable schemes, struggle to break even on a building project company whereas with more speed and certainty of timing, more schemes could be viably delivered. The Government should look at offering zero or low-cost finance through Homes England to reduce the inherent risk to development from these causes coupled with their plans for the panning system to make more schemes viable. This would increase the speed at which development is unlocked across the country and result in more variety of the types of housing schemes which are delivered.” Paul Rickard, Managing Director at Pocket Living, adds: “Small and medium-sized housebuilders have a wealth of skill and talent that needs to be supported. In London alone, the number of SMEs has plummeted by 66% since Pocket was founded two decades ago, making it harder and harder to get new homes built on smaller sites – especially since delays in planning consent are more damaging to smaller businesses. We are delighted that City & Country has joined our campaign, and we look forward to discussing these proposals in detail with the Government. All of the steps included in Get SMEs Building Again are designed to be cost-neutral for the Treasury and should be low-hanging fruit for the Chancellor.” City & Country specialises in both high-quality new build developments and the restoration and conversion of historic and listed buildings, with sites across Essex, West Sussex, Wiltshire, London, Edinburgh, Bristol, and Dorset. Building, Design & Construction Magazine | The Choice of Industry Professionals

If current trends persist, Scotland is set to face a homelessness crisis of alarming proportions by 2040, according to a new report by full-service law firm Shakespeare Martineau. The study has forecasted a 90% increase in homelessness applications to more than 4,100 annually, while at least 7,000 households could be forced into temporary accommodation – an 89% surge. The City of Edinburgh is anticipated to have the largest share of households in temporary accommodation in Scotland, comprising two thirds (66%) of the total nationwide. Highland follows, accounting for 32% of all such households in the country. Grant Docherty, partner and head of Shakespeare Martineau in Scotland, said: “This is a wake-up call. We cannot allow these projections to become a reality. “Scotland abolished the Right to Buy scheme, which gave council house tenants the opportunity to buy their rented home at a discounted price, in 2016 – leading to a 4% increase in the country’s social-rented homes stock in the six years that followed. “However, despite this, these figures show that it is crucial the public sector and housing associations work together to provide stable, accessible and affordable accommodation. The government also needs to ensure support services for vulnerable groups are properly funded. “The cost of doing nothing will be catastrophic – not just for the individuals affected but for society as a whole.” Utilising the latest National Records of Scotland population projections, Shakespeare Martineau – supported by socio economic experts at Marrons – has built a national and regional picture of Scotland’s housing need in 2040. Supplementing this is government data on homelessness applications and the number of households living in temporary accommodation, as well as under-occupation statistics. By 2040, Scotland’s 16+ population is expected to grow by 4% to more than 4.7 million people. Notably, Edinburgh and Lothians emerges as the fastest-growing region – anticipating 15% growth to more than 871,000 – while Highlands and Islands will witness a 3% decline in its total population. To meet the burgeoning demand, at least 352,500 homes need to be constructed across the country by 2040. Edinburgh and Lothians leads the way in housing need, with demand for more than 111,500 homes. In contrast, South of Scotland demands the least, with a requirement of 16,830 properties. The first-time buyer demographic is anticipated to grow by 1% to more than 1.3 million, with Edinburgh and Lothian expected to experience the most positive growth at 11%. Highlands and Islands stands out with the most significant decline, projected at 7%. Nationally, the later living demographic is set to witness a 27% increase, with Edinburgh and Lothians experiencing the greatest surge (39%) and Scotland South demonstrating the slowest growth (19%). Meanwhile, the student-age demographic is set to make up 7% of the total 16+ population in Scotland’s university cities. Dan Usher, economics director at Marrons, who specialises in housing need evidence, said: “Citing pressure on homelessness services, rising property prices and high levels of temporary accommodation, the Scottish government and 12 of the country’s 32 councils have declared housing emergencies – signalling that intervention is needed. “In examining the data, it becomes evident there is a pressing need for strategic collaboration between the public and private sectors to address the growing demand for affordable housing, as well as a real opportunity for purpose-built homes tailored for last-time buyers. By capitalising on this, we not only cater to the specific needs of this demographic but also unlock the potential to release much-needed family homes back into the market. “Building a range of homes to suit many different needs is not only a priority but a necessity. It creates more choice, aids first-time buyers onto the property ladder, gives expanding families additional space; helps the ageing population downsize and live in homes more suitable for their needs, and adds to the supply of affordable housing.” To read the full report, please visit https://tinyurl.com/ScotlandHousing2040. Building, Design & Construction Magazine | The Choice of Industry Professionals