Posts by Allen Walkey
The construction sector has snapped back into action in May says CIPS
Construction growth rebounds to 17-month high in May, driven by house building says the Chartered Institute of Procurement & Supply (CIPS) in the latest IHS Markit/CIPS UK Construction PMI survey report. Key findings: Business activity rises at fastest pace since December 2015, Residential work replaces civil engineering as best performing category and Input cost inflation…
Read MoreZPG welcomes back agents.
ZPG, owner of Zoopla and PrimeLocation, last week reported that the total number of estate agency branches that have now left Onthemarket (OTM) to re-join ZPG over the past two years has now reached more than 800, just the week pevious saw a further 16 agency branches return to ZPG, taking the total number of…
Read MoreDecrease in house prices will be welcomed by first-time buyers says E.Surv
Figures released yesterday from the Nationwide showed a third consecutive monthly fall in house prices, the longest sustained drop since 2009, the drop has brought down the annual growth in prices to 2.1%, its lowest level in nearly four years. Comments from Richard Sexton, director at e.surv in reponse to the latest Nationwide HPI report:…
Read MoreSurprising rise in proportion of landlords using a letting agent according to NLA
The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to new research from the National Landlords Association (NLA). Over 60 per cent of landlords say they currently use a letting agent to manage their properties, a rise of seven per cent…
Read MoreHousing market is losing momentum according to Nationwide
Nationwide House Price Index May 2017 released today headlines ‘Further slowing in annual house price growth in May.’ House prices show third consecutive monthly decline for the first time since 2009. Annual house price growth dips to 2.1% from previous 2.6% in April, providing further evidence that housing market is losing momentum. Commenting on the…
Read More#PropTechDen invites you to the next event August 3rd 2017
#Proptech Den – August 3rd It’s back and a host of new Proptech startups and judges at Google Campus London on August 3rd 6:15-10pm! Book your free tickets to attend easily on Eventbrite today here: https://www.eventbrite.co.uk/e/proptechden-august-2017-tickets-34502309336 Would you like to be part of the next #PropTechDen (August 2017)? If you would like to pitch your…
Read MoreCML reviews housing in Scotland compared to rest of UK
Latest news release from the Council of Mortgage Lenders (CML) published 30th May 2017 headlined ‘Housing in Scotland: a key political issue’ CML looks at how the market in Scotland compares to the rest of the UK, and reviews different housing practices and policies operating north of the border. Scotland is the second largest housing…
Read MoreProperty Master has launched the UK’s first digital buy-to-let mortgage brokerage service.
Property Master has launched the UK’s first digital buy-to-let mortgage brokerage service. Property Master will allow landlords to find, compare and secure the best mortgage deals available for their buy-to-let portfolio, saving them up to £3,000 per BTL mortgage. Property Master enables the UK’s 2 million private landlords to take control of their portfolio financing…
Read MoreTelford Homes Plc reports record revenue of £291.9 million
Telford Homes Plc, the London focused residential property developer, today announces its final results for the year ended 31 March 2017. Telford Homes Plc reports record revenue of £291.9 million, an increase of 19 per cent (2016: £245.6 million) Commenting on the Final Results, Jon Di-Stefano, Chief Executive of Telford Homes, said: “I am delighted…
Read MoreLabour manifesto contains plans to introduce Land Value Tax
Various reports out today highlight that the Labour manifesto contains plans for a Land Value Tax to replace the council tax and business rates on homes and gardens, council tax bills could treble for middle-class homeowners according to the conservatives. The Conservatives have estimated the average cost to homeowners with gardens at nearly £4,000 and…
Read MoreHomes in areas closer to supermarkets command a premium according to Lloyds Bank
New research from Lloyds Bank has found that homes within easy reach of a local supermarket are, on average, £21,512 higher than in nearby areas. Areas close to budget supermarkets have seen biggest house price rises, with growth of 11% in 3 years. House prices near a Waitrose typically cost £36,480 more than in the…
Read MoreSupply of private rental properties available in London fell by a third in April according to ARLA Propertymark
According to the latest ARLA Propertymark UK Private Rented Sector report for April, supply of properties available in London fell by a third in April, while only rising marginally on average across the UK. The number of tenants negotiating rent reductions fell last month – 2.8 per cent of agents witnessed tenants successfully negotiating rent…
Read MoreCML estimate gross mortgage lending for April at £18.4 billion
The Council of Mortgage Lenders (CML) yesterday 25th May 2017 published news release headlined ‘Gross mortgage lending £18.4 billion in April.’ In their market commentary released the same day they headlined the following: Transactions continue to be driven by first-time buyers, as all other parts of the market remain weaker than this time last year.…
Read MoreBelvoir lettings trading update announces total group revenue up 19%
Belvoir Lettings PLC, one of the UK’s largest property franchises, issues a trading update ahead of the Group’s General Meeting today. Trading during the first quarter of the current financial year has been in line with the Board’s expectations. Group revenue was up 19% on the prior year, mainly reflecting the acquisition of Northwood in…
Read MoreProportion of small deposit buyers has risen again says e.surv
e.surv Chartered Surveyors Mortgage Monitor for April released May headlines ‘Small deposit lending increases once again’. Highlights are: Fourth successive month the proportion of small deposit buyers has risen, taking a 21.4% share of the market Overall mortgage market has grown for first time since November 2016 Northern Ireland is top location for small deposit…
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