Posts by Allen Walkey
Annual House Price Growth picks up slightly in April according to Nationwide
Latest Nationwide House Price Index report – April 2018 released today headlines ‘Small uptick in annual house price growth.’ Nationwide reveals annual house price growth picks up to 2.6% in April, as prices month on month rose 0.2%. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist said: “There was a slight pickup in UK…
Read MoreCountrywide issued its trading update for the quarter ended 31 March 2018.
Countrywide PLC yesterday 25th April 2018 issued its trading update for the quarter ended 31 March 2018. Total Group income for the quarter was lower at £145 million compared to £162 million for the same period in 2017. Countrywide stated in the announcement that the Group has moved swiftly to restore expertise in Sales and…
Read MoreParagon highlights the changes in behaviour of both landlords and lenders as tax changes begin to bite
Paragon Q1 2018 PRS Trends survey report highlights a number of interesting changes in behaviour of both landlords and lenders as regulatory and fiscal changes begin to bite the buy-to-let sector. Research revealed that in the first qtr of 2018 portfolio landlords (6-20) properties increased in number from 35% to 39%, while those landlords with…
Read MoreGovernment needs to ramp up the supply of low-cost rented homes says JRF
New analysis from the independent Joseph Rowntree Foundation (JRF) shows how nearly 600 additional low-cost rented homes need to be built every week in order to fix the broken housing market and help low-income families escape poverty. JRF is calling on the Government to use its forthcoming Social Housing Green paper to commit to building 78,000…
Read MoreCitizens Advice is backing call by MP’s for greater protection for vulnerable tenants.
Citizens Advice is backing a call by MPs on the housing committee to give greater protection to vulnerable tenants who fear revenge eviction. On Monday this week, Citizens Advice revealed in a report that a quarter of a million households in England put up with shoddy or unsafe homes out of fear of eviction. The…
Read MoreResponse from the National Housing Federation to the launch of the Labour Party social housing green paper
Response from the National Housing Federation to the launch of the Labour Party social housing green paper. David Orr, Chief Executive of the National Housing Federation says: “This is a positive statement of ambition from the Labour Party. It sets out an important package of measures which recognise the vital role that housing associations play…
Read MoreAverage house prices in UK fall back slightly since January 2018 according to Land Registry
The latest UK House Price Index from the Land Registry shows according to February data that on average, house prices in the UK have fallen by 0.1% since January 2018, an annual price rise of 4.4%, which makes the average property in the UK valued at £225,047. In England, the February data shows on average,…
Read MoreZPG welcomes back Manning Stainton (19 offices) to their platform
ZPG, owner of Zoopla and PrimeLocation, today announced they are delighted to welcome back Manning Stainton, a market leader and award-winning agency operating across North Yorkshire. Manning Stainton, which has a network of 19 offices across Leeds and North Yorkshire will now list all of its properties across the ZPG platform with immediate effect. Mark…
Read MoreTelford Homes PLC anticipates record revenue and profit for year to end March 2018
Telford Homes Plc, the London focused residential property developer, today released an update on trading ahead of its final results for the year ended 31 March 2018, which will be released on Wednesday, 30 May 2018. Telford Homes mention in the highlights: Record revenue and profit anticipated for the year to 31 March 2018 and…
Read MoreHouse purchases by first-time buyers and home movers reaches highest levels for February since 2007.
UK Finance’s latest mortgage trends update reveals that total homeowner house purchases, which combine both home movers and first-time buyers, reached 50,000, the highest level for February since 2007. Mortgage lending for first-time buyers, home movers and remortgagors increased in February 2018 compared to the previous year according to UK Finance. Commenting on the data,…
Read MoreNumber of Landlords re-mortgaging for home improvements reaches record high according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – March 2018 reveals that the number of landlords re-mortgaging to release money for home improvements has reached a record high. In the last 12 months 9,523 landlords who re-mortgaged their buy-to-let withdrew money for home improvements, that figure is more than triple the number recorded in…
Read MoreHalifax research reveals ‘Mortgage Freedom day’
Halifax research reveals that today homeowners have earned sufficient, on average, to cover their mortgage payment for the rest of 2018. This is based on the average annual mortgage repayment cost of £8,039 and the average net annual income of £27,724. Halifax also reveals that there is a wide variation in ‘Mortgage Freedom’ Days across…
Read MoreNew taxi advertising campaign for Zoopla
Property website Zoopla, has launched a new taxi advertising campaign which will see a significant fleet of 250 London cabs fully liveried in Zoopla’s distinctive purple branding for the next 12 months. The Zoopla-branded London taxis, part of an ongoing multi-channel marketing campaign which also includes national TV, print and radio, will continue to highlight…
Read MoreNumber of Build to Rent homes across UK up by 30% according to new research
The British Property Federation (BPF) has published its first set of annual data on the build-to-rent sector’s growth, which shows the total number of build-to-rent homes complete, under construction and in planning across the UK has increased by 30 per cent in the past year. In the UK there are now 117,893 build-to-rent homes –…
Read MoreRents across UK show modest rise in 1st Qtr 2018 according to Homelet
The latest Homelet Rental Index report for March 2018 reveals that the average rent in the UK is now £912, up by 0.9% on the same time last year, when London is excluded, the average rent in the UK is now £759, this is up by 0.1% on last year. Rental prices across the UK…
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