Posts by Allen Walkey
Halifax reports lowest rate of house price growth in five years for October
Latest Halifax House Price Index report October 2018 released today headlines ‘Annual House Price Growth Slows to 1.5% – Lowest Rate in Five Years’. The report reveals that prices in the three months to October were 1.5% higher than in the same three months a year earlier – slowing from the 2.5% annual growth recorded…
Read MoreBrexit uncertainty impacting London’s prime housing market according to LonRes
Latest Q3 2018 analysis of the prime London sales and lettings markets from LonRes Property Data Network (Residential Review Autumn 2018). Analysis of LonRes Prime London sales data shows: Uncertainty surrounding Brexit has biggest impact on London’s prime housing market. Commenting on the prime London housing markets Marcus Dixon, Head of Research, LonRes said: “Whatever…
Read MorePortico, a 17 branch estate and letting agency firm joins OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that Portico, a 17 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. Portico has offices across London, including Acton, Battersea, Bethnal Green, Bloomsbury, Camden, Chigwell, Clapham, Dulwich, Forest Gate, Fulham, Hammersmith, Highbury, Ilford, Islington, Leyton, Walthamstow…
Read MoreAn increase of more than 6000 branches in less than 9 months for OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that, as at 30 October, it has listing agreements with UK estate and letting agents with more than 11,500 branches. This increase of more than 6,000 branches since Admission to AIM in February has been achieved in less than nine…
Read MoreAnnual house price growth slows in October according to nationwide
Latest Nationwide House Price Index report – October 2018 headlines ‘Annual house price growth lowest since May 2013’. The Nationwide HPI report reveals that annual house price growth in October slows to 1.6%. Commenting on the figures, Robert Gardner, Nationwide’s Chief economist, said: “October saw a slowdown in annual house price growth to 1.6% from…
Read MoreThe extent of monthly house price falls has moderated in London according to Hometrack
Latest Hometrack UK Cities House Price Index report – September 2018 reveals that City house price inflation moderates to 3.2%, down from 3.8% a year ago. Hometrack state that the rate of house price growth across UK cities continues to moderate. The 20-city index is registering an annual rate of house price inflation of 3.2%,…
Read MoreAverage asking rents outside London have hit over £800 per month for first time according to Rightmove
Latest Rightmove Rental Price Tracker Q3 2018 report headlines ‘Drop in available rental properties pushes asking rents to record high’. The report reveals that average asking rents outside London have hit over £800 per month for the first time, fuelled by fewer available rental properties for prospective tenants to choose from. Rightmove states that in…
Read MoreHousing: Budget 2018 in Brief from HM Treasury
Housing: Budget 2018 in Brief from HM Treasury The Budget sets out the steps being taken to keep the government on track for housing supply to reach 300,000 a year. Further steps announced at the Budget include: A new Help to Buy Equity Loan scheme that will run from April 2021 for 2 years. •…
Read MoreResponse to Autumn Budget from NHF
Responding to the Autumn Budget, Kate Henderson, Chief Executive of the National Housing Federation, said: Housing “The Chancellor’s announcements on housing today are not the wholesale changes needed to fix our broken housing market. “We desperately need tens of thousands more social homes to be built every year, which is why we are disappointed that…
Read MoreResponse from RLA to the Chancellor’s Budget
Responding to the Chancellor’s Budget statement, David Smith, Policy Director for the Residential Landlords Association, said: “Today’s Budget fails the country’s private tenants. “Whilst the Chancellor again outlined the Government’s desire to boost homeownership, he failed to address the needs of the millions of people who cannot or do not want to rent. “With the…
Read MoreRLA comments on NatWest decision to review its lending practices
Commenting on news that NatWest bank plans to review its lending practices to address concerns that they prevent landlords renting to benefit claimants, David Smith, Policy Director for the Residential Landlords Association said: “With increasing numbers of benefit claimants now reliant on the private rented sector for a home we welcome NatWest’s decision to review…
Read MoreLondon the only region to see rents fall in England and Wales for September 2018 according to Your Move
Latest Your Move England and Wales Rental Tracker – September 2018 data headlines ‘New academic year keeps rental market ticking over’. Just one region of England and Wales saw rents fall in the year to September 2018 and that was London, prices elsewhere are on the up according to the Your Move Rental Tracker. Martyn…
Read MorePRS Tenants experiencing rent increases remained high in September according to ARLA Propertmark
The latest ARLA Propertymark Private Rented Sector Report – September 2018 headlines ‘Rate of Rent Increases continues to Rise Year-On-Year’. The report reveals that the number of tenants experiencing rent hikes remained high in September. cox, the current Chief Executive said: “Although the number of landlords increasing rents for tenants dropped in September, this figure…
Read MoreThe mortgage market softened slightly in September according to UK Finance
The latest UK Finance’s Household Finance Update for September 2018 reveals that gross mortgage lending across the residential market in September was £21.5bn, some 1.2 per cent lower than last September. Commenting on the data, Eric Leenders, Managing Director of Personal Finance, UK Finance, said: “The mortgage market softened slightly in September, following strong remortgaging…
Read MoreA 60 minutes commute into central London can save 60% on the average property according to Lloyds Bank research
Workers in Central London can save an average of £483,342 by commuting up to an hour each day, according to new research by Lloyds Bank. Lloyds Bank reveals that homeowners living 60 minutes outside of Central London pay 60% less for average property. Andrew Mason, Mortgages Director at Lloyds Bank, said: “Buying a home in…
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