Posts by Allen Walkey
Government Minister to address RLA Future Renting Wales conference next week
Government Minister Justin Tomlinson MP will address the Residential Landlord Association’s (RLA) Future Renting Wales conference next week. The Minister for Family Support, Housing and Child Maintenance, will be sharing his insights into the future of the private rented sector in a keynote speech at the event on November 29th, with Welsh Housing Minister Rebecca Evans promising…
Read MoreHomeless numbers rise again according to the Charity Shelter
Brand new analysis from Shelter reveals that 320,000 people are recorded as homeless, as numbers rise again. This figure lays bare the true scale of Britain’s worsening housing crisis, despite repeated Government pledges to tackle the problem. In the last year, the overall number increased by 13,000 people. This means one in every 200 people in Britain are homeless and sleeping on the…
Read MoreBenefit Changes Driving Homelessness Says New Report
Changes to the benefit system are behind the decade-long increase in homelessness from private rented housing, according to a new report for the RLA. Research by the Policy Evaluation and Research Unit at Manchester Metropolitan University for the Residential Landlords Association has found that a key driver of homelessness from the private rented sector has…
Read MoreMarket uncertainty surrounding Brexit has been blamed for a slow in the rate of growth according to Emoov
The latest research from Emoov has looked at market confidence amongst UK homeowners and if they expected the market to act as it has since the EU Referendum vote, and what they think will happen once we officially leave the EU. They also looked at the state of the UK property market across both the…
Read MoreLondon House Price Growth slows substantially in October according to LSL/Acadata
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…
Read MoreUK Finance response to Treasury Minister
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…
Read MoreMarket adapts to reduced demand and increasing supply according to Home.co.uk
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…
Read MoreOnTheMarket.com announces that seven multi-branch firms have joined the portal in the last four weeks
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…
Read MoreMortgage Market softens according to UK Finance
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…
Read MoreFoxtons delivers solid third quarter
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…
Read MoreNew housing court proposal will be good news for landlords and tenants says RLA
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…
Read MoreRental growth accelerated in October, highest level since February according to Hamptons International
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…
Read MoreResponse from RLA to government’s new funding to tackle rogue landlords
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…
Read MoreRents in UK rose by 2.1% for October compared to same month last year according to Homelet
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,…
Read MoreDrop in interest from new buyers in October according to RICS
Latest RICS UK Residential Market Survey – October 2018 headlines ‘Prices, demand and supply all in decline as Brexit uncertainty persists’. In October, the fall in interest from new buyers has led to a more negative trend in house prices, according to the latest RICS UK Residential Market Survey. The report states: In October, the fall…
Read More