{"componentChunkName":"component---src-templates-post-js","path":"/home-building-boom/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5e3bf155173bc00038a09026","title":"Home-building boom","slug":"home-building-boom","featured":false,"feature_image":"https://images.unsplash.com/photo-1510265236892-329bfd7de7a1?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"161,022 new homes were registered in 2019 - that’s the highest since 2007.","custom_excerpt":"161,022 new homes were registered in 2019 - that’s the highest since 2007.","created_at_pretty":"06 February, 2020","published_at_pretty":"06 February, 2020","updated_at_pretty":"06 February, 2020","created_at":"2020-02-06T10:58:29.000+00:00","published_at":"2020-02-06T11:01:13.000+00:00","updated_at":"2020-02-06T11:01:13.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nWe’re building more homes\n161,022 new homes were registered in 2019 - that’s the highest since 2007\n[https://www.theguardian.com/business/2020/feb/06/number-of-new-uk-homes-registered-to-be-built-hits-13-year-high]\n. Not all of them are bricks and mortar just yet; from a developer registering a\nnew home, it usually takes nine to 15 months to finish building work. The\nhome-building boom was biggest in London, where 21,726 new builds were\nregistered - an uplift of 37%.\n\nFirst-time buyer favourites revealed\nAspiring homeowners are keenest on Barking and Dagenham\n[https://www.telegraph.co.uk/property/buy/britains-popular-areas-first-time-buyers-changing/] \n(paywall) according to search data from Zoopla. First-time buyers are looking to\nspend around £300,000 in the east London boroughs, which have seen a spike in\npopularity thanks to more affordable prices. Last year’s favourite was\nWolverhampton, but it's now fallen to fifth place amid prices rises of almost\n5%.\n\nGSK break-up\nGlaxoSmithKline has published plans to break up with itself, and it’s going to\ncost £2.4 billion\n[https://www.thetimes.co.uk/edition/business/break-up-of-glaxosmithkline-will-cost-2-4bn-pvzc09kcs] \n(paywall). It's one of the world’s biggest drugs companies, and it wants to\nstart a spin-off to focus on a joint consumer venture with Pfizer. Why? The\ndemerger is set to give the business more money for new research.\n\nHarrods spender loses appeal\nRemember the woman who hit headlines for spending £16 million in Harrods? She’s\njust lost her legal challenge against the UK’s first Unexplained Wealth Order\n[https://www.cityam.com/woman-who-spent-16m-in-harrods-loses-appeal-against-first-mcmafia-wealth-order/] \n(UWO). It’s the first outing of the new “McMafia” laws which are designed to\nmake it easier for UK authorities to crack down on dodgy money coming into and\nout of the country.","html":"

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

We’re building more homes

161,022 new homes were registered in 2019 - that’s the highest since 2007. Not all of them are bricks and mortar just yet; from a developer registering a new home, it usually takes nine to 15 months to finish building work. The home-building boom was biggest in London, where 21,726 new builds were registered - an uplift of 37%.

First-time buyer favourites revealed

Aspiring homeowners are keenest on Barking and Dagenham (paywall) according to search data from Zoopla. First-time buyers are looking to spend around £300,000 in the east London boroughs, which have seen a spike in popularity thanks to more affordable prices. Last year’s favourite was Wolverhampton, but it's now fallen to fifth place amid prices rises of almost 5%.

GSK break-up

GlaxoSmithKline has published plans to break up with itself, and it’s going to cost £2.4 billion (paywall). It's one of the world’s biggest drugs companies, and it wants to start a spin-off to focus on a joint consumer venture with Pfizer. Why? The demerger is set to give the business more money for new research.

Harrods spender loses appeal

Remember the woman who hit headlines for spending £16 million in Harrods? She’s just lost her legal challenge against the UK’s first Unexplained Wealth Order (UWO). It’s the first outing of the new “McMafia” laws which are designed to make it easier for UK authorities to crack down on dodgy money coming into and out of the country.

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