Posts by Allen Walkey
Private rental prices paid by tenants in Great Britain rose by 1.5% in the 12 months to October 2017 according to ONS
Statistical Bulletin released yesterday from the Office for National Statistics (ONS): Index of Private Housing Rental Prices, Great Britain – October 2017. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Main Points as mentioned in the release: Private rental prices paid by tenants in Great Britain…
Read MoreRents to continue to slide and home values to follow in short term says Home.co.uk
Home.co.uk today released their Asking Price Index report November 2017 headlined ‘Don’t Panic: Stock Levels are Low and Demand Persistent.’ The summary section leads with: ‘Falling London prices and seasonal factors are weighing heavily on the national average, despite continued price growth in the country’s most vigorous regional property markets (both the East and West…
Read MoreAn increase in the number of Landlords buying in cash according to Countrywide.
The latest Countrywide Lettings Index report – October 2017 released yesterday headlines ‘Cash landlords spend a record £21 billion’ The report reveals that: The rising number of landlords buying in cash means that over the last year they spent more than at any time in the last decade, a record 65% of landlord purchases over…
Read MoreUK housing market has remained positive through the second half of 2017 says Taylor Wimpey in their trading statement
In their trading statement announcement released today, Taylor Wimpey Plc mentions: The UK housing market has remained positive through the second half of 2017. Customer demand continued to be robust supported by healthy employment trends, a competitive mortgage market and the Government’s Help to Buy scheme. We have experienced favorable trading patterns across our businesses,…
Read MoreShelter comments on the recent annual affordable housing figures from the government
Shelter comments on the recent annual affordable housing figures from the government which show a rise on last year, but are still well below the number that are needed, with the fewest social homes built since the Second World War. Shelter comment on annual affordable housing figures Almost two thirds of local authorities built no…
Read MoreSmall rise in mortgage possessions according to UK Finance
In a press release from UK Finance yesterday 9th November 2017 they reveal that: Mortgage arrears fall in the third quarter but possessions edge upwards. They state: The number of mortgages in arrears of 2.5 per cent or more of the outstanding balance fell again in the third quarter of 2017, but cases of possession…
Read MoreCountrywide Plc Q3 revenue falls 7% year on year.
Countrywide plc the UK’s largest integrated property services group, issued its trading update yesterday 9th November 2017 for the quarter ended 30 September 2017. Total Group revenue for Q3 was £175.1m, an increase of 2% compared with Q2 and down 7% year on year, within estate agency, Q3 revenue was £47.8m (2016: £57.0m). Third quarter…
Read MoreDemand from buyers and agreed sales are declining once more according to RICS
According to the latest RICS UK Residential Market Survey – October 2017 published today both demand from buyers and agreed sales are declining once more, while price trends are now flat. They state: Subdued sales trends now being reported across most regions of the UK as demand from new buyers continues to decline, the national…
Read MoreZPG announces over 10 million app downloads of its property apps.
ZPG owner of Zoopla and PrimeLocation announced this week the significant milestone of reaching over 10 million app downloads of its property apps. ZPG states it launched its first app in Aug 2011 and has continuously innovated, improved and introduced new services and tools across both its Android and iOS apps which have now been…
Read MoreShelter reveals more than 300,000 people in Britain homeless today
The number of people recorded as homeless has reached a staggering 307,000 – more than the entire population of Newcastle – a shocking new report by Shelter reveals today. In the most extensive review of its kind, the housing charity combined official rough-sleeping, temporary accommodation and social services figures. This showed the number of…
Read MoreAnnual rate of house price growth has continued to rise for the third month in succession according to Halifax
The latest Halifax House Price Index report – October 2017 released today headlines ‘Annual House Price Growth Rises to 4.5%’ House prices in the three months to October 2017 were 2.3% higher than in the three months to July 2017. Prices in the three months to October were 4.5% higher than in the same three…
Read MoreA lack of understanding by FTB’s around house buying process and the associated costs says Aldermore
According to the latest research from Aldermore’s Q3 2017 First Time Buyer Index, they mention that there is a real lack of understanding around the house buying process and the associated costs amongst those looking to buy their first home. Charles McDowell, Commercial Director, Mortgages: “It is clear there is a divergence between perception and…
Read MoreOne third of private renters are worried they will have to move home in the next year according to Generation Rent
One third of private renters are worried they will have to move home in the next year, according to a new Survation poll commissioned by Generation Rent. In a recent blog from Generation Rent posted by Dan Wilson Craw it mentions: ‘With home ownership unaffordable and council housing unavailable, private renters are living longer in…
Read MoreBelvoir wins franchise of the year gold award
Belvoir Lettings plc the UK’s largest property franchise, has announced today that Belvoir was crowned Franchise/ Network of the Year a London property Awards. Commenting on Belvoir’s award win, the judges said: “Largest doesn’t always mean best, but this business supports its franchisees, developing offices and people, and building business so that they all reap the…
Read MoreAverage UK house price growth expected to slow over next 5 years says Savills
A recent research report from Savills the International Real Estate Adviser reveals that: Average UK house price growth is expected to slow to 14 per cent over the next five years, but there will be marked differences between and within regions. In their key numbers section they mention, 2018-2022 average UK house price growth forecast…
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