Posts by Allen Walkey
Highest number of homemovers in 10 years according to Lloyds Bank.
According to the latest Lloyds Bank Homemover Review, the number of people moving home is at its highest level since 2007 with over 370,300 homemovers. Greater London is the only region to see a fall in the number of homemovers in the past year. The review reveals that the average homemover house price in 2017…
Read MoreSteady increases in house purchase lending and homeowner remortgaging in November 2017 according to UK Finance
The latest Mortgage Trends update for November 2017 from UK Finance released 16th January 2018 headlines ‘Mortgage Market activity bouyant during November 2017.’ The update reveals steady increases in mortgage lending for first-time-buyers and home movers compared to the previous month and the equivalent period in 2016. Commenting on the data Paul Smee, Head of…
Read MoreAverage UK house prices rise 0.1% since October 2017
Announcement from HM Land Registry published 16th January 2018 – UK House Price Index for November 2017 The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The November data for UK shows: On average, house prices have risen by 0.1% since October 2017. An annual price rise…
Read MoreAverage house price growth slows according to LSL/Acadata E&W HPI
The latest LSL/Acadata E&W House Price Index – December 2017 headlines ‘House prices end the year up 0.2%.’ Key headlines from the report are: Average house price growth slows yet increases seen across majority of regions. Bristol sets the pace with prices up 8.9% and South West prices increase 5.3%. London prices continue to slow…
Read MoreLondon goes from having the slowest rate of rental growth in England to the fastest.according to Countrywide
The latest Countrywide Plc Monthly Lettings Index report – December 2017 released 15th January 2018 headlines ‘Rental growth accelerates in 2017.’ Last year (2017) rents rose by an average of 2.4%, an increase from 1.8% in 2016 according to Countrywide. The Countrywide report reveals that London goes from having the slowest rate of rental growth…
Read MoreSupport from Government on new measures to improve safety of tenants
In a press release yesterday 14th January 2018, Secretary of State for Housing Sajid Javid confirmed government support for new legislation that will help ensure rented homes are safe and give tenants the right to take legal action when landlords fail in their duties. Housing Secretary Sajid Javid said: “Everyone deserves a decent and safe…
Read MoreMidlands and North currently enjoying steady price growth according to Home.co.uk
Latest Home.co.uk Asking Price Index report – January 2018 released today headlines ‘Northern House Prices Up.’ In the headlines section Home.co.uk state that: Home prices tick up by the slightest margin this month, taking the mix-adjusted average for England and Wales up 0.1% since December and 2.7% year-on-year. Home.co.uk reveal that the Midlands and the…
Read MoreRents increase at lowest rate since 2014 according to Rightmove
The latest Rental Price Tracker report from Rightmove for Q4 2017 headlines ‘Pace of annual rent rises now lowest since 2014’. New data from Rightmove shows the average asking rent across the UK, excluding London, increased by 0.7% in 2017, the lowest rate of growth since 2014. Rental growth in 2017 was significantly lower than…
Read MoreHouse Builder Barratt Developments Plc delivers strong first half performance
Barratt Developments PLC today issued a trading update in respect of the six months ended 31 December 2017 ahead of publication of its interim results on 21 February 2018. In the trading update they mention: The Group has delivered a strong first half performance, with good customer demand driven by a positive market backdrop. David…
Read More#PropTechDen – January 2018 – London
#PropTechDen has grown to be one of the UK’s top events for proptech networking and funding taking place both in London and Manchester throughout the year. Our last event in October 2017 drew over 130 to Google Campus in London where 5 start up companies pitched to a panel of 10 VC / Investors. Next…
Read MoreTaylor Wimpey achieves strong financial and operational performance in 2017
Taylor Wimpey today issued a trading statement ahead of its full year results for the year ended 31 December 2017, which will be announced on 28 February 2018. Pete Redfern, Chief Executive, commented: “We achieved a strong financial and operational performance in 2017 and are continuing to deliver against our strategy. Despite wider macroeconomic uncertainty,…
Read MoreLee Wainwright appointed CEO of Purplebricks’ UK operations
Purplebricks Group plc the hybrid estate agent, has announced today that Lee Wainwright has been appointed Chief Executive Officer of the Purplebricks’ UK operations with immediate effect. Commenting on the announcement, Michael Bruce, Group Chief Executive, said: “We are very fortunate to have someone of Lee’s experience and track record in the industry heading up…
Read MoreGreater importance given to Housing in Theresa May’s reshuffle.
Theresa May’s reshuffle of Cabinet posts yesterday saw Rt Hon Sajid Javid MP remain, however his job title changed to the Secretary of State for Housing, Communities and Local Government. In an announcement on the government website yesterday it stated: Following the appointment of Rt Hon. Sajid Javid MP as the Secretary of State for…
Read MoreHousing market 2017 follows similar pattern to previous year according to Halifax
Latest Halifax House Price Index report – December 2017 released today headlines ‘2017 House Price Growth Eased To 2.7%’. Halifax reveals: House prices in the three months to December 2017 were 1.3% higher than in the three months to September 2017. Russell Galley, Managing Director, Halifax Community Bank, said: “House prices in the three months…
Read MoreBusiness confidence remains steady since last report in July according to Lloyds Bank
Latest news release from Lloyds Bank 6th January 2017 headlined ‘Business confidence remains stable as investment and hiring intentions improve’ Lloyds Bank reveals that the confidence index – an average of respondents’ expected sales, orders and profits over the next six months – was steady at 23 per cent compared with 24 per cent in…
Read More