Posts by Allen Walkey
UK house prices remain stable with no significant discounting according to TwentyCi
The latest TwentyCi Property & Homemover Report: Q2 2018, the fifth edition in a quarterly series of reports featuring data and analysis for the whole of the UK property market. The report reveals that confidence is still building, with new instructions up nearly 7% year on year, house prices remain stable with no significant discounting.…
Read MoreHM Land Registry today launches its new digital Local Land Charges Register
HM Land Registry today launches its new digital Local Land Charges Register with Warwick District Council’s data the first to be available. HM Land Registry takes another step forward in the Government’s ambition to make the home-buying process simpler, faster and cheaper. Chief Executive and Chief Land Registrar Graham Farrant said: “Buying a house is…
Read MoreAverage UK rents rose by 1.8% compared to same month a year previous according to Homelet
The latest Homelet Rental Index Report – June 2018 reveals that average rents across the UK rose by 1.8% in June 2018 when compared to the same month a year previously. The average UK monthly rent now stands at £924 for June 2018, when London is excluded, the average UK rental value was £767 in…
Read MoreProperties available to buy increased in May according to NAEA Propertymark
The latest NAEA Propertymark Housing Report – May 2018 headlines ‘Housing Market Prepares For Summer Slow-down.’ The report reveals that the number of properties available to buy increased by 12 per cent in May, as sellers anticipated a summer slow-down and raced to get offers secured. Mark Hayward, Chief Executive said: “We see this every…
Read MorePurplebricks confirms that the acquisition of Duproprio/ComFree completed on 6 July.
Purplebricks Group plc confirms today that the acquisition of Duproprio/ComFree completed on 6 July. Commenting on the acquisition, Michael Bruce, Global CEO of Purplebricks, said: “Following the successful strategic investment of £125m in Purplebricks by Axel Springer we are pleased to have made this acquisition of what is the leading digital real estate business in…
Read MoreHousing Ombudsman report highlights customer satisfaction with their service continues to increase
The Housing Ombudsman’s Annual Report and Accounts for 2017-16, published 6th July 2018, shows improvements in the service and good progress against targets. The report highlights that customer satisfaction with their service continues to increase with all targets exceeded. The report revealed that in 2017-18 the Housing Ombudsman received 14,445 complaints and enquiries and closed…
Read MoreHouse prices remain broadly flat according to Halifax
Latest Halifax House Price Index report released today headlines ‘Annual House Price Growth Remains Flat at 1.8% in June’. Russell Galley, Managing Director, Halifax, said: “House prices continue to remain broadly flat, with the annual rate of growth marginally slowing from 1.9% in May to 1.8% in June. “Activity levels, like house price growth, have…
Read MoreSharpest overall rise in construction output since November 2017
The latest IHS Markit/CIPS UK Construction Purchasing Managers’ Index rose to 53.1 in June, up on 52.5 in May and against the no-change reading of 50, signalling the sharpest overall rise in construction output since November 2017. Duncan Brock, group director at CIPS, said: “With the fastest rise in new orders since May 2017, it…
Read MorePurplebricks Group Plc announces Group revenue doubles led by strong UK performance
Purplebricks Group plc today announced its final results for the year ended 30 April 2018. Purplebricks reveal in their final results that Group revenue doubles led by strong UK performance. Commenting on the results, Michael Bruce, Group Chief Executive, said: “We have doubled revenues in tough markets, taking market share as we continue to win…
Read MoreMore Second Steppers require financial support from Family and Friends according to Lloyds Bank
Many homeowners ready to take their second step on the property ladder now rely on financial help from family and friends to help make the jump from their first home, according to the latest Lloyds Bank Second Steppers report. More Second Steppers are having to borrow from family and friends to trade up the property…
Read MoreStrong and growing support for OnTheMarket proposition.
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that, less than five months since its IPO, the portal is already displaying more than 550,000 UK residential property listings, in excess of half of the total market. OnTheMarket revealed in the announcement that the increase in residential listings at OnTheMarket.com reflects…
Read MoreLondon market seems to be shaking off its malaise
The latest England and Wales monthly LSL Acadata House Price Index report – May 2018 headlines ‘New Builds Bolster London’. The report reveals that the UK housing market remained resilient showing a very slight rise in the annual house price rate in May (from 2.1% to 2.2%) following 11 months of falls. The average house…
Read MoreGovernment considering proposals to provide tax incentives for longer tenancies
LANDLORDS are welcoming proposals being considered by the Government to provide financial incentives for those offering longer tenancies according to the Residential Landlords Association (RLA). In its recentley launched consultation, the Government is proposing a number of options to implement a three year tenancy model addressing the demand for longer tenancies from the growing numbers…
Read MoreThe number of tenants looking for new homes fell in May according to ARLA Propertymark
The ARLA Propertymark Private Rented Sector Report – May 2018 headlines ‘Rental Stock Rise – And So Does The Bill For Tenants’. The report reveals that the number of rental properties letting agents managed increased by four per cent in May, the highest figure recorded this year. The percentage of tenants experiencing rent hikes rose…
Read MoreShelter’s response to the government’s proposals on longer tenancies.
Shelter’s response to the government’s proposals on longer tenancies. Polly Neate, chief executive of Shelter, said: “This is an important step forward. Losing a tenancy is the main driver of homelessness and also causes huge instability for renting families so everyone who rents will be very pleased to see a move towards longer tenancies. But…
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