Breaking News

London House Price Growth slows substantially in October according to LSL/Acadata

Written by Allen Walkey on - Breaking News -

Latest LSL Property Services/Acadata House Price Index report for England and Wales – October 2018 reveals that annual price growth continues to slow but there are monthly price rises again. According to the report house prices rebounded in October, up 0.4% – the first increase since February. The annual rate of price increases continued to […]

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UK Finance response to Treasury Minister

Written by Allen Walkey on - Breaking News -

UK Finance has responded to a letter from Economic Secretary to the Treasury John Glen MP to the Treasury Committee on ‘mortgage prisoners’, which states that  “exploring solutions” for customers with inactive lenders is a top priority. Jackie Bennett, Director of Mortgages at UK Finance, commented: “We strongly support the Government’s commitment to explore potential solutions for […]

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Market adapts to reduced demand and increasing supply according to Home.co.uk

Written by Allen Walkey on - Breaking News -

Latest Home.co.uk Asking Price Index report for November 2018 headlines ‘Rising Supply Pushes Market To The Brink’. The report reveals that soaring supply is smothering price growth and price cutting is widespread, as the market adapts to reduced demand and increasing supply, the property downturn that began in London continues to creep across the rest […]

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OnTheMarket.com announces that seven multi-branch firms have joined the portal in the last four weeks

Written by Allen Walkey on - Breaking News -

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that seven multi-branch estate and letting agencies have joined the portal in the last four weeks. Leading independent Sussex estate agent Michael Jones & Company has a network of seven offices and will shortly be listing its properties on the portal. Michael […]

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Mortgage Market softens according to UK Finance

Written by Allen Walkey on - Breaking News -

UK Finance’s latest Mortgage Trends Update for September 2018 headlines ‘Mortgage Market Softens Following Period Of Strong Growth. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “Overall remortgaging for both residential and buy-to-let properties have levelled out after a period of strong growth. This reflects the number of fixed rate […]

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Foxtons delivers solid third quarter

Written by Allen Walkey on - Breaking News -

Foxtons Group plc, London’s leading estate agency, today issued its trading update for the quarter ended 30 September 2018. The Group delivered a solid third quarter performance as the trends set out in July continued through the period. Nic Budden, CEO, said: “This was a solid quarter in a challenging market. Whether it’s securing a […]

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New housing court proposal will be good news for landlords and tenants says RLA

Written by Allen Walkey on - Breaking News -

Responding to the launch  of a consultation by the Government on establishing a new housing court, David Smith, Policy Director for the Residential Landlords Association, said: “The RLA called for a new Housing Court at the time of the last election and in its budget submission. It therefore welcomes this important consultation. “Improving and speeding […]

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Rental growth accelerated in October, highest level since February according to Hamptons International

Written by Allen Walkey on - Breaking News -

Latest Hamptons International Monthly Lettings Index – October 2018 headlines ‘Real rents fall in 6 out of 8 regions over the last decade’. The Hamptons International report reveals  that real rents (adjusted for inflation) have fallen by -2.2% in Great Britain since October 2008.  This means that the average cost of living has risen more than average […]

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Response from RLA to government’s new funding to tackle rogue landlords

Written by Allen Walkey on - Breaking News -

Responding to news that the Government will make £2 million of new funding available to local authorities in England to help tackle rogue landlords, David Smith, Policy Director for the Residential Landlords Association said: “We welcome news of new funding for enforcement which we have long campaigned for, but believe it must be part of […]

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Rents in UK rose by 2.1% for October compared to same month last year according to Homelet

Written by Allen Walkey on - Breaking News -

The latest HomeLet Rental Index – October 2018 reveals that rents in the UK rose by 2.1% in October compared to the same month a year ago. The report also reveals that the average monthly rent now stands at £928 a month. When London is excluded, the average UK rental value was £768 in October 2018, […]

 
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