The UK housing sector has been written off more times in recent years than would seem healthy. But there has yet to be a crash in house prices like the one seen in the early 1990s, when new house sales dried up and existing home owners became saddled with negative equity.

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London’s largest home after Buckingham Palace is to be created by Regent’s Park as a £100m + complex complete with a cinema, gym and swimming pool. The Large Regency terrace, which currently houses a row of seven office buildings, will be converted into a 10 bedroom stuccoed mansion.

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Homebuilder Taylor Wimpey (LSE: TW) turned in the best performance of the day in London as it added 3.9 percent on the 250, followed by fellow homebuilder Redrow (LSE: RDW), which added 3.43 percent. Also Taylor Wimpey West Scotland has revealed its first new showhomes at The Laurels development located just off Lindsayfield Road in East Kilbride.

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