Posts by Allen Walkey
Bank of England holds interest rate at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) announced yesterday the result of their meeting 14th June. The MPC voted by a majority of 5-3 to maintain Bank Rate at 0.25%, the 5-3 vote by the Bank’s policymakers was the closest for a rate rise since 2007. Inflation is now well above the Bank’s target…
Read MoreFewer people choosing to move home according to Connells Survey and Valuation
The latest research from Connells Survey and Valuation shows that the number of valuations to sell have fallen steadily from 45% of the market in May 2010, down to just 27% in May 2017 as homeowners lack incentives to move. Research shows remortgaging now represents 23% of all valuations, representing a 2% increase month-on-month and…
Read MoreBellway is well positioned to deliver further volume growth
Bellway PLC issued a trading update yesterday 14th June in respect of the period from 1 February to 4 June 2017. Sales demand in the period was strong, with a 13% increase in the reservation rate to 221 per week (2016 – 196 per week). Ted Ayres, Chief Executive, commented: “Robust market conditions, together with…
Read MoreCalifornia to be first launch state in ambitious US expansion.
Purplebricks Group plc announces that it will commence its ambitious United States expansion, identifying California as the first launch state, later this year. Commenting on the news, Purplebricks US CEO Eric Eckardt, said: “Purplebricks is launching in the US, with a distinct offering, which aims to offer a better deal for customers and a compelling…
Read MoreMortgage activity for April lower than previous month according to CML
The latest Council of Mortgage Lender (CML) data released yesterday 13th June headlined ‘Home buyer activity in April down on March but up on a year ago’. It reveals reveals house purchase activity decreased in April month-on-month but increased year-on-year. Remortgage activity and buy-to-let declined month-on-month. On a non seasonally adjusted basis home buyers borrowed…
Read MoreUK House prices grew by 5.6% in the year to April 2017
The UK House Price Index (HPI) April 2017 published today. The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland. UK House prices grew by 5.6% in the year to April 2017, 1.1 percentage points higher than in the year to March 2017. Average property price now £220,094. England annual…
Read MorePrices in London are now sliding year on year says Home.co.uk
Latest Home.co.uk Asking Price Index released today 13th June headlines ‘Regions Prosper while London Home Prices Slide’. Asking prices rose by 0.4% across England and Wales over the last month, despite election uncertainty, the figure is 2.8% year-on-year. Figures reveal that Greater London prices slip by 0.1% this month making a year-on-year fall of 1.2%,…
Read MoreHouse prices rallied to new peak in May according to Your-Move
Your Move’s latest England and Wales house price index May 2017 headlined ‘A new north-south divide as northern regions drive transactions’ reveals: Sales of London homes to the end of April were 29 per cent lower than the same period last year. House prices in the capital continued to rise, up 2.7 per cent in…
Read MoreRecord levels of retirees paying rent according to Countrywide
According to the latest figures from Countrywide’s Monthly Letting Index retirees in Britain spent a record £3.7bn in rent in the last 12 months, an increase of 216% ( £1.2bn) paid by retirees ten years previous, it reveals that retired people make up 8% of all tenants. The index reveals that London has the least…
Read MoreHousing needs to be a top priority for next government says Richard Sexton at E.SURV
Richard Sexton, Director at e.surv comments on the RICS Residential Market Survey released yesterday 8th June, in which the main findings were: Demand slips and new sales listings decline further, agreed sales continue to edge lower steadily and national price growth eases somewhat while expectations remain subdued. Richard Sexton commented: “The market has been flatlining…
Read MoreUncertainty related to General Election having its affect on level of housing market transactions says RICS
The latest Royal Insitution of Chartered Surveyors (RICS) UK Residential Market Survey out today headlines Election causing to buyers and sellers “wait and see” Demand from new buyers, new instructions from sellers and confirmed sales decline further in May according to the RICS. They also mention that house price growth across the UK continues to…
Read MoreZPG becomes 1% shareholder in Propertyfinder Group
According to recent news release from ZPG, they have now become a 1% shareholder in Propertyfinder Group (PFG), the Dubai-based business with leading property portals across the Middle East and North Africa (MENA). PFG was founded in 2005 and is the leading real estate vertical classified in MENA operating in 7 countries. Alex Chesterman, Founder…
Read MoreAnnual house price growth falls back in May according to Halifax
Halifax House Price Index (HPI) May 2017 published today headlines ‘Annual house price growth eases again to 3.3%.’ House prices in the three months to May were 3.3% higher than in the same period of 2016. House prices in the three months to May 2017 were 0.2% lower than in the three months to February…
Read MoreBelvoir on Party Property Promises
Recent news release from Belvoir headlines ‘Party Property Promises’. With just over one day to go before the General Election, Belvoir sets out in brief some of the housing policies that form a large part of each party’s manifesto. Chief Operating Officer, Dorian Gonsalves said “Whilst some initiatives may help some tenants, it is unfortunate…
Read MoreAverage rents fell nationally for the first time in eight years in May 2017 says Homelet
Homelet Rental Index report – May 2017 data published today headlines ‘UK rents fall for the first time in eight years’. Rents in the UK fell by 0.3% in May compared to the same month a year ago, the average monthly rent now stands at £901. Rents in London fell by 3.0% in May compared…
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