Posts by Allen Walkey
RLA membership hits new record high
Membership of the Residential Landlords Association (RLA) has hit a new record high of 35,000. Established by landlords, for landlords in 1998, the not-for-profit association – Britain’s leading landlord body – has seen huge growth in recent years, reaching this new milestone less than two years after hitting the 30,000 mark. Answering more than 66,000…
Read MoreShelter’s independent commission calls for huge expansion in public housebuilding
A landmark report by Shelter’s social housing commission calls for an ambitious 3.1 million new homes, extending the offer of social housing to many more people. After the Grenfell Tower fire, the charity brought together 16 independent commissioners with diverse backgrounds from across the political spectrum to examine the housing crisis in England as it…
Read MoreUK house price growth slowed noticeably as 2018 drew to aclose according to Nationwide
Latest Nationwide House Price Index report – December 2018 reveals that house price growth slows to just 0.5% in 2018, down from 2.6% in 2017. Annual house price growth slows to its weakest pace since February 2013 with outer Metropolitan and London regions both recording small house price declines in 2018 according to Nationwide. Commenting on…
Read MoreGross mortgage lending across the residential market in November was £23.1bn according to UK Finance
Latest UK Finance’s Household Finance Update – November 2018 reveals that gross mortgage lending across the residential market in November was £23.1bn, 2.0 per cent lower than November 2017. The number of mortgages approved by the main high street banks in November was 10.6 per cent lower than November 2017; approvals for house purchase were…
Read MoreLondoners purchased £30 billion worth of property outside the capital in 2018 according to Hamptons International
In 2018 Londoners purchased £30 billion worth of property outside the capital, this is the highest level since 2007 according to Hamptons International most recent press release. Hamptons International reveal that the average price of a home bought by a Londoner outside the capital has also risen and now stands at £398,910 – the highest level…
Read MoreHome ownership rates for families aged 25-34 are rising for the first time in 30 years according to Resolution Foundation
Home ownership rates for families aged 25-34 are rising for the first time in 30 years, but high barriers to entry facing first-time buyers remain acute, according to new analysis recently published by the Resolution Foundation. Home ownership rates among 25-34 year olds have risen by 3 per cent since they hit the rock bottom…
Read MoreShelter responds to new ONS stats on the number of people who have died homeless.
Greg Beales, campaign director at Shelter said, “This appalling loss of life should be a source of national shame. There is nothing inevitable about homelessness or about these tragic deaths which are a consequence of a housing system which fails too many people. “This new research from the ONS shows 597 people died homeless in one…
Read MoreAnnual rents in South West England rising faster than anywhere else according to Your Move
Latest Your Move England and Wales Rental Tracker – October 2018 data headlines ‘Atumn positives for rental market’. The report reveals that seven of ten regions posted annual price rise with rents in the South West rising faster than anywhere else. The avearge rent across England and wales now stands at £861 (seasonally adjusted) according…
Read MoreShelter’s response to the government’s annual social housing sales figures
Shelter’s response to the government’s annual social housing sales figures below: In 2017-18, a total of 6,463 social homes were delivered – 84% fewer than in 2010-11. This is despite a slight increase in the overall number of homes supplied (an extra 562) compared with the previous year. In 2017-18, a total of 20,891 social homes were…
Read MoreOnthemarket has entered into a long-term listing agreement with 12 branch estate and letting agent firm
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announced that it has entered a long-term listing agreement with 12 branch estate and letting agent firm Jackson Grundy. Formed in 1994, Jackson Grundy, based in Northamptonshire, has 10 sales branches and two lettings branches. David Jackson, Managing Director at Jackson Grundy, said: “In light of frequent…
Read MoreUncertainty about Brexit has been a compounding factor in the slowdown of the London market according to Hometrack
Latest Hometrack UK Cities House Price Index report for October 2018 eveals that house price inflation is currently sitting at 3.2% annually, with growth ranging from +7.7% in Leicester to -2.8% in Aberdeen. Despite Brexit dominating the headlines, Hometrack’s lead housing indicators suggest no imminent deterioration in the outlook for prices or levels of market…
Read MoreRise in emergency calls to Shelter helpline in 2018
There has been a sharp rise in the proportion of calls to the Shelter Helpline from people at risk of homelessness, according to new data released by the housing charity. The figures show there was an 8% rise in the proportion of calls taken by the Shelter Helpline from people at risk of homelessness so…
Read MoreOnthemarket.com highlights London boroughs where people spend the most of their salary on rent –
Data revealed by property website OnTheMarket.com has shown that, for those renting in London, Camden is the borough where tenants are spending the highest percentage of their salary on rent. The data has revealed that when renting a one bedroom property in Camden, 61% (£1,944.28) of the average person’s salary within the borough is spent on rental costs,…
Read MoreMany Brits are struggling to save according to Lloyds Bank
The latest Lloyds Bank Quarterly Savings Review reveals that many Brits are still struggling to save. The majority of reasons given for not saving reflect a common feeling of pressure on personal finances, leaving people unable to save. More than a quarter have not put any money into savings in the past 12 months according to…
Read MoreOverall mortgage lending grew in October according to UK Finance
Latest UK Finance’s Household Finance Update for October 2018 reveals that gross mortgage lending across the residential market in October was £25.5bn, some 5.6 per cent higher than last October. Commenting on the data, Eric Leenders, Managing Director, Personal Finance at UK Finance, said: “Overall mortgage lending grew in October, despite an uncertain economic environment,…
Read More