Posts by Allen Walkey
July market trend data.
Land Registry’s monthly Market Trend Data for residential property prices in England and Wales releases the figures for July, data shows an annual price increase of 4.6 per cent which takes the average property value in England and Wales to £183,861. Monthly house prices up 1.7 per cent since June 2015. The regional data indicates…
Read More“Housing Crisis”
The “Housing Crisis” is now that bad that The Prime Minister has made it clear that “heads will roll” if there is a failure to get more homes built and reverse the decline in home ownership over the next few years.” Isabel Hardman reportedly says in an article in The Times, “Some ministers have been…
Read MoreHomes for a pound
It was a few months back that we reported on the “House for a pound” scheme launched by Liverpool City Council, well now we can report that latest figures reveal that more than 2,500 people have applied, would-be buyers had until July 31 to apply, by the closing date 2,560 applications had been received. The…
Read MorePetition to reverse planned tax relief changes
In a recent article in one of the major financial papers it warns that the buy-to-let boom is now coming to an end, it puts the reasons as the removal of yield-enhancing tax reliefs and an impending interest rate rise. It reported that 80% of new homes built since the turn of the century have…
Read MoreSlowdown in house price growth
House price growth in Britain slowed in August, according to the mortgage lender Nationwide, this is confirmed in the results from their monthly survey released today. The price of a home increased at a 0.3% month-on-month pace in August, this was below what economists were expecting at a 0.4%. The year-on-year pace of inflation was…
Read MoreFewer mortgages for London property
Fewer mortgages are being granted to people looking to buy in London, the reason for this is simple, rising housing costs are pricing buyers out of the market, until the housing shortage is resolved the problem will continue to grow. According to the Council of Mortgage Lenders there were 18,800 home purchase loans granted from…
Read MoreRural productivity plan
This month the Department of Communities and Local Government (DCLG) announced the launch of its first Rural Productivity Plan, the aim is to harness the enormous economic potential England’s rural areas have to offer, both for the prosperity of those living in rural areas and for the benefit of the UK economy overall. The plan…
Read MoreAffect on London property prices
The turmoil in Asian markets is having its affects across the world, we have seen this week share price movements that have never been seen before across markets, on Monday the Dow Jones dropped during the day by a record amount, thankfully for investors recovering by the end of the day. The Chinese economy has…
Read MoreConsultation period for Scottish letting agents
Only recently we covered a new initiative by the Welsh Government that this autumn they will be introducing a new registration and licensing scheme for letting agents and landlords. Since Monday 24th August the Scottish Government have begun a consultation period on a statutory code of practice and training requirements for letting agents in Scotland,…
Read MoreIncreasing pace of rent rises
I think most agents would agree the housing supply figures are confusing to say the least when it comes to working out why there is a shortage of affordable housing, this shortage however is the problem behind house prices and rents continuing to rise. Rents are up 4.6% on a year before, average rents in…
Read MoreFewer first time buyers in the market
According to the National Association of Estate Agents (NAEA) the number of first time buyer sales in July fell from 29% of all sales made to just 23%, the release of these figures come at a time when housing supply figures show an increase in July and the number of house hunters reaching its highest…
Read MoreOnTheMarket challenges Zoopla figures
It was just over a week ago that Zoopla released figures in a trading update to the London Stock Market, in that update it reported that its listings number had increased from 828k to 882k as at 31 July 2015. OnTheMarket is challenging the figures released by Zoopla, they are claiming that they might be…
Read MoreCheaper to buy rather than rent
When it comes to deciding whether to rent or buy, figures favour buying as the best option, research shows that almost £700 a year in savings can be made by the FTB, this figure however has narrowed as house prices have increased, a savings drop of 34% recorded over the last year. The biggest hurdle…
Read MoreLicensing Welsh landlords and letting agents
Wales certainly appears to be leading the way when it comes to improving letting and management standards for those who rent private accomodation, this autumn the Welsh government will introduce a new law affecting all landlords and letting agents. A new registration and licensing scheme, a key part of The Housing (Wales) Act 2014 will…
Read MoreResponse by Shelter to housing shortage
Yesterday in”Breaking News” we had the House Building statistics for England, they were released by the Department of Local Communities and Local Government, amongst all their figures appearing on the Government website it was stated that 131,060 homes have been built over the last year, an increase of 15 per cent compared with the previous…
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