Posts by Allen Walkey
Ireland tops the EU league for Buy-to-Let Investments.
According to new research by WorldFirst, Ireland is once again the top European location for buy-to-let investments. This comes as UK yields fall to 4% putting the country in the bottom 5 for buy-to-let investment returns in Europe. UK landlords have seen average yields plummet 19% over the past year following a raft of tax…
Read MoreMark Carney indicates interest rates may have to rise to dampen down inflation
Governor of the Bank of England, Mark Carney, has signalled in his speech at the International Monetary Fund’s headquarters in Washington yesterday that interest rates may have to rise in coming months to dampen down inflation. In the speech, the Governor considers the impact of globalisation on inflation. He draws on the example of Brexit…
Read MoreNHF warns social housing funding is in crisis
National Housing Federation (NHF)report published today headlines ‘Social housing spending at record low.’ The report shows that the nation’s commitment to building homes has fallen from £11.4bn in 2009 to £5.3bn in 2015 – from 0.7% to 0.2% of the total GDP. Despite this, more than a million families remain on the housing waiting list.…
Read MoreUK average rents in August rose 2.4% compared to the same month a year ago according to Homelet
Homelet Rental Index August 2017 released today 18th September 2017 reveals ‘UK RENTS CONTINUE TO RISE IN AUGUST.’ Average rents across the UK rose by 2.4% in August compared to the same month a year ago, the highest rate of annual inflation since November 2016; the average monthly rent now stands at £939. Rents in…
Read MoreProposed planning changes to help boost housing supply and improve affordability
Announcement from Department for Communities and Local Government and the Communities Secretary Sajid Javid 14th September 2017 headlined ‘New planning approach to speed up delivering homes’. An innovative approach to planning new homes will ensure they’re built where most needed, save councils millions of pounds every year and help deliver more affordable homes has been…
Read MoreInterest rate remains on hold at 0.25%
Bank of England Monetary Policy Committee Announcement 14th September 2017. At its meeting ending on 13 September 2017, the Monetary Policy Committee voted by a majority of 7-2 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central…
Read MoreNegative trend in prime central London according to RICS
RICS UK Residential Market Survey report – August 2017 released today headlines ‘Growth at the headline level, but regional house price picture remains mixed.’ Although the headline level shows a return to growth, sentiment is less positive in prime central London and to a lesser extent the wider South East, alongside the North and East…
Read MoreHousing associations relieve pressure on NHS according to new report from NHF
New report from National Housing Federation (NHF) published 12th September 2017 headlined ‘From hospital to home: Housing associations relieve pressure on NHS.’ Housing providers are helping the NHS save money by helping people out of hospital into homes faster with the right care and support, a new National Housing Federation report has found. With over…
Read MoreHousing market is a daily nightmare for many families says Shelter
The National Audit Office homelessness report is published today 13th September. Amyas Morse, head of the National Audit Office said: “Homelessness in all its forms has significantly increased in recent years, driven by several factors. Despite this, government has not evaluated the impact of its reforms on this issue, and there remain gaps in its…
Read MoreMortgage lending for house purchase in July was lower than in the preceding month according to UK Finance
UK Finance data shows that mortgage lending for house purchase in July was lower than in the preceding month but higher than a year earlier. First-time buyer lending increased year-on-year. Remortgaging by home owners increased both month-on-month and year-on-year. Commenting on the data, UK Finance’s Head of Mortgages Policy June Deasy said: “Remortgaging strengthened in…
Read MoreProperty prices rise by 1.1% in July compared to previous month according to UK HPI
UK House Price Index (HPI) – July 2017 published 12th September from HM Land Registry. As of July 2017 the average house price in the UK is £226,185, and the index stands at 118.63. Property prices have risen by 1.1% compared to the previous month, and risen by 5.1% compared to the previous year. Read…
Read MoreUK Property Market turns in favour of North and West according to Home.co.uk
Home.co.uk Asking Price Index – September 2016 released today headlines ‘London Falls Drag Down Price Growth to Near Zero.’ Greater London prices drop again, this month by 0.6%, taking prices back to little above their September 2016 levels. Across England and Wales average home prices dip again by 0.1% month-on-month but remain up 3.5% year-on-year.…
Read MoreRents in London rose for the second consecutive month according to Countrywide
The latest Countrywide PLC Monthly Lettings Index – August 2017 headlines ‘Rental sector grows as Landlords expand portfolios.’ Rents in Great Britain rose 1.6% year-on-year as rents in Greater London grew for the second consecutive month. The Index shows that the number of landlords has fallen over the last two years despite a rise in…
Read MoreNumber of BTL mortgages available now at 10 year high
The number of buy-to-let mortgages available has risen to its highest level in almost 10 years according to figures taken from the latest Moneyfacts UK Mortgage Trends Treasury Report. The latest Moneyfacts UK Mortgage Trends Treasury Report, due to be published later this week, show that the number of buy-to-let (BTL) products has increased by…
Read MoreHousing Strategy for London – ‘Have your say’
The Mayor of London has launched his Draft London Housing Strategy headlined ‘Have your say – tackling London’s housing crisis’. It sets out his plans to tackle the capital’s housing crisis and to provide all Londoners with a decent and affordable home. The housing crisis is the greatest challenge facing London today, and tackling it is…
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