Posts by Allen Walkey
Housing market is likely to remain subdued for the next couple of years according to PWC
UK economic growth held up better than expected in the six months following the Brexit vote, particularly as regards consumer spending. But growth slowed in the first half of 2017 as inflation rose sharply, squeezing household spending power, according to PWC UK Economic Outlook report July 2017. The PWC states: The housing market is likely…
Read MoreLSL expects to report strong interim results on 1st August 2017
LSL Property Services plc, a leading provider of residential property services incorporating both Estate Agency and Surveying businesses, today provides Pre Interim Results Trading Update ahead of the announcement of its interim results on 1st August 2017. Trading Update Following LSL’s positive AGM statement issued on 27th April 2017, trading for the first half of…
Read MoreAverage House Price Lower than March Peak according to Your Move
According to the latest Your Move England & Wales House Price Index, prices are starting to cool ahead of the summer as a North-South divide re-emerges. New Analysis for June shows that the average house price is £301,114, down 0.2% on May. House prices have continued the downward trend and are now on average £2,358…
Read MoreTelford Homes acheives further momentum in the build to rent sector
Telford Homes AGM statement 2017. Chief Executive of Telford Homes, Jon Di-Stefano said: “Since we reported our final results on 31 May 2017, Telford Homes has achieved further momentum in the build to rent sector and we are assessing a number of exciting new development opportunities to add to our £1.5 billion development pipeline. …
Read MoreBelvoir Lettings Plc announces acquisition of Brook Financial Services Limited
BELVOIR LETTINGS PLC announced yesterday 13th July 2017: Acquisition of Brook Financial Services Limited, update on trading & Board changes. Belvoir Lettings plc announced that it has acquired the entire issued share capital of Brook Financial Services Limited for a total consideration of £2.0 million. Brook, which trades as Mortgage Advice Bureau, is an appointed…
Read MoreHouse price inflation drops further in June according to RICS
According to the latest RICS UK Residential Market Survey uncertainty continues to stifle the housing market as house price inflation dropped further in June. They state that: At the same time there’s little encouragement for sales activity with agreed sales declining alongside new buyer enquiries and new instructions. This trend is also being reflected in…
Read MoreMortgage lending rose in May
The UK Finance press release yesterday headlines ‘Home buyers up 12% in May compared to April’. May mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a non-seasonally adjusted basis, UK Finance data shows that mortgage lending in May rose. In May home buyers borrowed £10.8bn, up 10%…
Read MoreHome price growth has been lower than inflation for six consecutive months suggest data from Home.co.uk
The Asking Price Index July 2017 released today by Home.co.uk headlines ‘House Price Growth Falls Further Behind Inflation’. The UK property market has clearly entered a period of stagflation. Our data suggests that home price growth has been lower than inflation for six consecutive months. Leading item in headlines reads: Home prices nudge up by…
Read MoreLandlords must comply with new EPC rules by April 2018
The Residential Landlords Association (RLA) in a latest news release headlined ‘Landlords must be ready for changes to EPC rules’ highlights that the government has confirmed that changes to EPC rules preventing landlords from renting out inefficient homes will be brought in next April. The RLA states that: In a high level meeting the department…
Read MoreBusiness activity growth in England slowed to a nine-month low in June according to lloyds Bank
Press release today from Lloyds Bank headlines ‘England sees economy lose growth momentum at end of second quarter’. According to Lloyds: Business activity growth in England slowed to a nine-month low in June, while Wales saw its fastest rise since February, according to the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI). England’s business activity…
Read MoreHouse prices have flattened over last quarter according to Halifax
The Halifax House Price Index report June 2017 released today headlines ‘Annual house price growth eases to 2.6%’. House prices in the three months to June were 2.6% higher than in the same period of 2016. House prices in the three months to June 2017 were 0.1% lower than in the three months to March…
Read MoreNearly one in three houses don’t get built despite being given go-ahead according to shelter
Press release with new research from Shelter headlines ‘Phantom Homes: Nearly one in three houses don’t get built despite being given go-ahead’ Housebuilders have failed to build more than 320,000 homes in the past five years even after being given the go-ahead, according to new research out today. Figures from housing charity Shelter reveal this…
Read MoreLondon rents grew on a monthly basis for the first time since November 2016 according to Your Move
The latest Buy-to-Let Index May 2017 (data) report from Your Move headlined ‘Seven UK regions see rents rise on annual basis’. Average rent across England and Wales is £814, London rents nudge upwards but are still 5% lower than in May 2016. Valerie Bannister, Lettings Director, Your Move, comments: “Strong and stable was the catchphrase…
Read MoreTribunal rules in favour of the owners of the property website Onthemarket
A tribunal released its findings yesterday 5th July 2017 in which it ruled in favour of the owners of the property website Onthemarket, this came following a long running tribunal started in July last year and finished in February this year. OnTheMarket which is owned by a consortium of estate agents requires in their contract…
Read MoreASA upholds complaint against Purplebricks over statement on their website.
The Advertising Standards Authority (ASA) has upheld a complaint from a rival agency over statement made on Purplebricks website featuring testimonials from clients, the rival agent Arun Estate Agencies Ltd challenged whether the “Fees saved” claims were misleading and could be substantiated. The ASA action as stated on their website as follows: The ad must…
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