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Housing associations to cut home building by 22%

A perfect storm of construction inflation, higher interest rates, decarbonisation work, regulatory pressures, and cost of debt is causing housing associations to slash building programmes. As increased build and finance costs bite, a third of housing associations in the UK are reporting a deficit of between 11-25% on individual development schemes. According to a new

Inland Homes warns of possible loan covenant breach

Cash-strapped house builder and brownfield developer Inland Homes has warned that it is possible the firm will breach a loan convenant. The south east developer is considering possible provisions to be made against certain asset values in its accounts with its auditors. This follows a tightening up of its corporate procedures after an independent report

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