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After the massive undertaking of completing building works in time for the Olympics, it has been revealed that China is set to build 50,000 new skyscrapers over the next 20 years.

The figures have been released in a report by management consultancy firm McKinsey which predicts that China will have 221 cities with more than a million inh

Recent research has revealed that the happiest place to live in the country is Powys in Wales. Powys is the most sparsely county in Wales, clearly demonstrating that to be happy, you need as few people around you as possible!

According to the latest survey by building society Nationwide, house prices have dropped by 10.5% in the past year after a 1.9% drop in August. The average house price has now dropped to £164,654 a fall of over £19,000 in the past 12 months. The drop is the 10th consecutive month of decline, which has left prices at their lowest level since the Spring of 2006.

From 11th August 2008 on ProblemSolved, front page news in Metro today.

A report on the BBC website today, suggested that mortgages are getting cheaper as providers attempt to inject some life back in to the listless housing market. The report stated that "the average rate charged by lenders on a new two-year deal, for someone with a 25% deposit, was 6.36%.

The BBC is reporting today that well known house builder Taylor Wimpey has recorded a massive loss in the past six months.

The company lost £1.54bn in the six months up to 30 June after having to greatly reduce the value of its assets. Shares in the company now stand at 46.5p, an 11 per cent drop since yesterday. The firm is set to cut around 900 jobs in the UK as demand for houses drops in light of the credit crunch.

Are you a filthy hoarder? Attracted by the shiny things in life?

Here in London, we like our buildings with a distinctly culinary theme - first the Gherkin and then the Cheesegrater - the capital's skyline is only a baguette and a side salad away from a ploughman's lunch. Over in Beijing, there's a greater sense of mythology about construction projects, and no more so than the impressive Bird's Nest Stadium which played host to the opening and closing ceremonies for the Olympic Games.

Ailing house builder Persimmon has announced that its profits for the first half of 2008 have fallen by 87% or over £244 million compared with 2007. The York-based business saw sales fall by 31% with house price drops and falling demand for new builds further eating into its numbers.

A letter from Homebase chiefs to its staff outlining cuts to the payroll and threatening hundreds of employees with redundancy has been leaked to the Sun newspaper.

A survey commissioned by the National Federation of Builders (NFB) has revealed that the soaring cost of living is driving more than 60% of UK adults to use cash in hand builders.

With almost 100,000 complaints being made against rogue tradesmen each year, Julia Evans, chief executive of the NFB says: “As long as the temptation is there, people will be willing to take the risk.”

To combat th