Posts by Allen Walkey
Especially high number of loans for first time buyers in June according to UK Finance
News release published by UK Finance yesterday 15th August 2017 headlined ‘First-time buyer activity continues to grow in June’ reveals, June mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a seasonally adjusted basis, lending to first-time buyers and home movers remained relatively unchanged month-on-month, but there were…
Read MoreAnnual UK average house price increase of 4.9% according to HPI June data
The UK House Price Index (HPI) from HM Land Registry for June 2017 published today shows house price changes for England, Scotland, Wales and Northern Ireland. The June data shows: An annual price increase of 4.9% which takes the average property value in the UK to £223,257. House prices have risen by 0.8% since May 2017.…
Read MoreThe national average price rising slightly slower than inflation says Home.co.uk
Home.co.uk today released their Asking Price Index report August 2017 headlined ‘The West and North Prosper while London and the South East Weaken’. Home prices dip by 0.1% month-on-month but remain up 3.3% year-on-year. Greater London prices drop 0.8% this month but are 0.4% higher than in August 2016. Whilst the overall picture is one…
Read MoreRental growth in london turned positive in July according to Countrywide
Countrywide plc Monthly Lettings Index July 2017 released today headlines ‘Rate of rental growth doubles’ The annual rate of rental growth in Great Britain doubled between June and July to 2.2%, driven by a turnaround in the London market. Rental growth in london turned positive in July following eight months of falls. A shortage of…
Read MoreHousing market pauses for breath in July according to Your Move
The latest Your Move England & Wales House Price Index (HPI) July 2017 headlines ‘Housing transactions pause for summer holidays.’ The housing market paused for breath in July, dipping 0.2%, reducing the annual rate of house price inflation to 2.9%. On an annual basis, the average house price in England and Wales rose by £8,433…
Read MoreShelter comments on New Government figures on homelessness.
Shelter comments on new Government figures showing 14 renters per hour at risk of eviction. New figures from the Ministry of Justice published last week reveal that: In the last twelve months, 50,909 private renting households in England were put at risk of eviction – equivalent to 127,273 renters, or 14 renters per hour. A…
Read MoreMortgage arrears and repossessions hit new low.
According to data from UK Finance the number of mortgages in arrears of 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of this year, this figure amounted to 0.8% of the more than 11 million mortgages outstanding in the UK, the lowest level since at least 1994 when this run of data…
Read MoreNew report from Crisis reveals the scale of acute homelessness in Britain
New expert analysis for Crisis a national charity for homeless people by Heriot-Watt University provides the most complete picture to-date of the worst forms of homelessness, including rough sleeping and sofa surfing, as well as 25-year forecasts for each category across England, Wales and Scotland. A new report reveals the scale of acute homelessness in…
Read MorePrice growth and sales activity subdued according to RICS
The RICS UK Residential Market Survey for the month of July published today headlines ‘Activity in UK housing market faltering’. The survey reveals record low stock numbers, political uncertainty and the aftermath of tax changes are obstacles hindering the UK housing market with price growth and sales activity subdued during the month of July. The…
Read MoreNew home registrations remain stable in the second quarter of 2017 according to NHBC
NHBC Q2 2017 statistics, released yesterday 9th August 2017 headlined ‘Latest new home registrations in line with 2016, reports NHBC’. The number of registrations was 40,343, a 1% decrease on last year (40,810). Of these: Private sector registrations in Q2 2017 decreased by 7% (29,123), compared with the same period in 2016 (31,381). Affordable sector…
Read MoreZPG reveals record number of vendor appraisal leads.
In a press release dated yesterday 8th August headlined ‘ZPG Delivers Record Levels Of Vendor Leads’, ZPG stated the following: ZPG, owner of Zoopla and PrimeLocation, the UK’s #2 and #3 property portals respectively, has delivered a record number of almost 300,000 vendor appraisal leads to its agent members so far in 2017, up 31%…
Read MoreTrading Update – Bellway expects Housing Revenue to increase
Bellway today issued a trading update for the year ended 31 July 2017 ahead of its preliminary results announcement on Tuesday 17 October 2017. In the update they state: Housing revenue is expected to increase by over 13% to £2.5 billion (2016 – £2,204.6 million). Ted Ayres, Chief Executive, commented: “A focus on delivering growth,…
Read MoreConcerns about the Home Report for Scottish sellers according to research from HomeReportScotland
The biggest concern about the Home Report for Scottish sellers is the potential for their property to be undervalued, according to recent research from HomeReportScotland, a new site offering instant Home Report quotes. 19% of Scottish sellers were worried about the Home Report causing them to lose a sale (rising to 38% of young people…
Read MoreCitizens Advice explores the ‘loyalty penalty’ in the mortgage market.
In a recent Policy Research Publication from Citizens Advice headlined ‘Exploring the loyalty penalty in the mortgage market’ they state: ‘Home ownership is the aspiration of millions of people in the UK. For the vast majority, taking out a mortgage is the only way of achieving this. In 2016, the UK mortgage market included 11.1…
Read MoreHouse prices continue to remain broadly flat according to Halifax
Halifax House Price Index July 2017 released today headlines ‘Annual House Price Growth Eases to 2.1%.’ House prices in the three months to July 2017 were 0.2% lower than in the three months to April 2017. House prices rose by 0.4% between June and July, partially offsetting the 0.9% decline recorded between May and June.…
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