Posts by Allen Walkey
Remortgages hit nine year high in January 2018 according to UK Finance
UK Finance’s latest mortgage trends update released 14th March 2018 reveals, the number of remortgages in January 2018 reached a nine-year high while the number of first-time buyers and home movers both increased compared to the same period in the previous year. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Read MoreSavills announces strong results from continued growth across its global network.
Savills plc today announced preliminary results for the full year ended 31st December 2017. Savills plc, announced strong results from continued growth across its global network. Commenting on the results, Jeremy Helsby, Group Chief Executive, said: “Savills has delivered another strong performance in 2017. Revenue and profits grew in each of our global Transaction Advisory,…
Read More1,000 plus agent branches contracted to OnTheMarket since admission to AIM
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announced today that in the first 5 weeks since Admission to AIM (Alternative Investment Market), additional agent firms with more than 1,000 offices are now in listing agreements with it. The total number of UK estate agency offices now covered by listing agreements with…
Read MoreBuy-to-Let lending decreased in Q4 2017 according to BOE
Bank of England published 13th March 2018 Mortgage Lenders and Administrators Statistics – 2017 Q4 New residential mortgage lending activity decreased in Q4 2017 from the previous quarter. In total £69.1 billion of new residential loans were advanced to individuals during the quarter. This was a 2.5% decrease compared to the previous quarter however a…
Read MoreBubbly London prices slowly deflating according to Home.co.uk
The latest Home.co.uk Asking Price Index report – March 2018 released today headlines ‘North West Prices March On Up’ The report reveals: Strong price growth in the North West, East Midlands, East and Yorkshire., however London prices slide yet again and South East prices stall. Doug Shepherd, Dircetor at Home.co.uk said: “Ultra-low interest rates have…
Read MoreRental growth slowed in February compared to the previous month according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – February 2018 published 12th March 2018 headlined “Average landlord who sold in 2017 gained £86,651” The report reveals: The average landlord who sold their rental property in 2017 did so for £86,651 more than they paid for it, having owned the home for an average of…
Read MoreSalaries for UK property professionals increased to a 10 year high in 2018
The Royal Institute of Chartered Surveyors (RICS) and Macdonald & Company revealed in their latest salary survey report, that salaries for UK property professionals increased in 2018, to a 10 year high, with RICS chartered status continuing to boost wages. Salaries for London’s property professionals have hit their highest level since the financial crash. The…
Read MoreAverage Rents in February 2018 rose compared to same month 2017 according to Homelet
Latest Homelet Rental Index report – February 2018 reveals average rents across the UK rose by 1.2% in February 2018 when compared to the same month a year previously. The average monthly rent is now £906, when London is excluded, the average UK rental value was £758 in February 2018, this is up 2.3% on…
Read MoreCountrywide PLC announces poor performance in sales and lettings
Countrywide PLC today announces preliminary statement of annual results for the year ended 31 December 2017. The statement headlines: 2017 A disappointing year – 2018 Management Change and recovery plan underway. Group reported: Income for the full year was £671.9 million (2016: £737.0 million) while adjusted EBITDA was 23% lower at £64.7 million (2016: £83.5…
Read MoreFewer homes put on market in February according to RICS
RICS UK Residential Market Survey – February 2018 released today headlines ‘Further fall in housing stock as demnd also falls for the eleventh month’ The survey reveals the indicators for future activity in the UK housing market remain subdued. New buyer enquiries fall for the eleventh consecutive month as average stocks on estate agents’ books…
Read MoreAnnual house price growth slows according to Halifax
The latest Halifax House Price Index report – February 2018 released today headlines ‘Annual House Price Growth slows to 1.8%’ The report reveals that House prices in the three months to February 2018 were 1.8% higher than in the same three months a year earlier. Russell Galley, Managing Director, Halifax, said: “House prices continue to…
Read MoreLSL Property Services plc report robust performance in subdued market conditions
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, announced on 6th March 2018 their preliminary results for the year ended 31st December 2017. LSL report: Robust performance in subdued market conditions with Group Revenue up and full year Group Underlying Operating Profit up. Read the…
Read MoreFMB responds to PM speech ‘Building a Britain fit for future’
In response to the Prime Minister’s speech, Building a Britain fit for future, Brian Berry Chief Executive of the FMB said: “Small sites tend to deliver more quickly and smaller builders, for whom short term financing is more of a concern, have every incentive to build and sell quickly. More opportunities for these smaller developments…
Read MoreShelter responds to PM speech on housing
Shelter responds to PM speech on housing. Polly Neate, CEO of Shelter, said: “We welcome today’s speech for recognising the scale of our housing emergency and the fact our current housebuilding system is clearly not fit for purpose. “The Prime Minister has shown the government is willing to take on developers and challenge them over…
Read MoreTheresa May delivers speech on making housing fairer.
Prime Minister Theresa May delivered a speech on housing in East London Monday 5th March 2018 ‘Making Housing Fairer’ “On my first day as Prime Minister, I spoke on the steps of Downing Street about my desire to make this a country that works for everyone. “A country where, regardless of where you live, your…
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