Posts by Allen Walkey
Housing market at it’s weakest in London and South East according to RICS
The latest RICS UK Residential Market Survey – March 2018 released today reveals that momentum in the UK housing market continues to slow, as buyer demand falls for the twelfth consecutive month. Agreed sales and new buyer enquiries continue to slip at the national level, the national price indicator remains flat, weighed down by London…
Read MorePrices continue to slide in London and South East according to Home.co.uk
Latest Home.co.uk Asking Price Index report – April 2018 released today headlines ‘Oversupply Exacerbates London and South East downturn.’ Top of the headlines list in the report is: ‘London and South East prices slide again.’ The report mentions that: ‘Home prices may have nudged up this month across England and Wales but red warning lights…
Read MoreFive large branch estate agency firms join onthemarket.com
Five large branch estate agency firms join OnTheMarket.com as recruitment drive sustains momentum OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that Kings Group, a 15 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. Founded in 1991, Kings Group has offices across North London, East London, Hertfordshire…
Read MoreAnother year of strong growth for Belvoir Group
Belvoir Lettings plc, the UK’s largest property franchise group, today announced its preliminary results for the year ended 31 December 2017. Group revenue up 14% to £11.3m (2016: £9.9m) – Profit before tax up 62% to £3.9m (2016: £2.4m) and adjusted profit before tax up 39% to £4.9m (2016: £3.5m). Dorian Gonsalves, Chief Executive Officer of Belvoir…
Read MoreHalifax expects house price growth in coming months to remain close to their prediction of 3%
Latest Halifax House Price Index report – March 2018 released today reveals:House prices in the three months to March 2018 were 2.7% higher than in the same three months a year earlier. On a monthly basis, prices grew by 1.5% in March this follows a 0.5% rise in February; monthly changes can be volatile. The…
Read MoreGovernment takes steps to professionalise the estate agent market
Press release from Ministry of Housing, Communities and Local Government and Sajid Javid MP 8th April 2018 headlined ‘Government to professionalise the estate agent market’. New measures will be introduced to professionalise the estate agent market, driving up standards and bringing an end to ‘rogue managing agents’. Estate agents will now be required to hold…
Read MoreRogue landlords face being forced out of the sector
Announcement today from Ministry of Housing, Communities and Local Government and Heather Wheeler MP. Rogue landlords face being forced out of the sector as new banning orders are brought in and a national database of offenders goes live. Rogue landlords who rent out substandard properties face being forced out of the sector as new banning…
Read MoreFirst digital mortgage deed entered into the Land Register.
Press release from HM Land Registry 5th April 2018. Coventry Building Society and Enact Conveyancing lodge the first digitally signed mortgage for a house in Rotherhithe, London. The first digital mortgage deed was entered into the Land Register. Part of the ‘Sign your mortgage deed’ service, HM Land Registry is building for a future without…
Read MoreUK Finance responds to Scottish Government’s announcement that Help to Buy in Scotland will be extended for another two years
Responding to the Scottish Government’s announcement that Help to Buy in Scotland will be extended for another two years, Douglas Cochrane, Chair of the UK Finance Scotland Mortgage Committee, said: “The extension of Help to Buy in Scotland is good news for buyers and home movers with low deposits, who will continue to receive vital…
Read MoreOnTheMarket doubles visitor traffic in March to 12 million visits.
OnTheMarket doubles visitor traffic in March to 12 million visits. OnTheMarket plc, which operates the OnTheMarket.com property portal, is pleased to announce today that traffic to the OnTheMarket property portal reached c. 12 million visits during March 2018, the first full month since Admission to AIM. This is more than double the visits compared with…
Read MoreShelter responds to ‘new government initiative to reduce rough-sleeping’
Shelter responds to ‘new government initiative to reduce rough-sleeping’ Greg Beales, Campaigns Director at Shelter, said: “We’re glad the government is now taking seriously the worsening homelessness crisis that is destroying people’s lives on our streets. The money and manpower announced today will make a genuine difference, but this will only work if it…
Read MoreShelter responds to government figures showing dwindling numbers of social housing under the Right to Buy scheme.
New government figures show only one social home is built for almost every three sold off Shelter responds to government figures showing dwindling numbers of social housing under the Right to Buy scheme. The data shows: · In the last year 11,649 social homes have been sold off, while only 4,566 social homes are being built…
Read MoreShelter’s response to worrying new government stats showing that no social homes with Grenfell-style cladding have had it replaced in the last month.
No social homes with Grenfell-style cladding have had it replaced in the last month, official figures show Official figures released on cladding similar to that used on Grenfell Tower show: Since last month no additional social homes have had Grenfell-style cladding replaced. In total only 7 social housing buildings have fully replaced the unsafe cladding.…
Read MoreHouse price growth drops back in February according to Nationwide
Latest Nationwide House Price Index report – February 2018 released today headlines ‘House price growth falls back in February’. The report reveals annual house price growth slows to 2.2% in February, down from 3.2% in January. Prices fall 0.3% month-on-month. Commenting on the figures, Robert Gardner, Nationwide’s Chief economist said: “After picking up unexpectedly in…
Read MoreFebruary results continue to show a drop in supply of rental properties according to ARLA Propertymark.
Latest ARLA Propertymark Private Rented Sector Report – February 2018 reveals: The number of rental properties letting agents managed fell by 5 per cent in February, with 175 on average per branch compared to 184 in January, supply has not been this low since May 2016, when it stood at 171. Demand for rental accommodation…
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