Posts by Allen Walkey
London house purchase activity decreased in the first quarter according to CML
Council of Mortgage Lenders (CML) press release today headlines ‘Home buyers in London down 19% in the first quarter compared to a year ago.’ New Council of Mortgage Lenders data reveals London house purchase activity decreased in the first quarter but remortgage lending continued a resurgence. In the first quarter, home buyers borrowed £5.4bn for house…
Read MoreNumber of residential property transactions drops by over one fifth in April
HM Revenue and Customs UK Property Transactions Count – April 2017 released 23rd May 2107. National Statistics – monthly property transactions completed in the UK with value of £40,000 or above. The number of residential property transactions dropped by over one fifth in April as the housing market showed further signs of a slowdown. For April…
Read MoreRental growth remains low across Great Britain says Countrywide
The latest Countrywide Plc Monthly Letting Index – April 2017 headlines ‘More London investors buy outside the capital than ever before.’ The proportion of London investors buying outside the capital has reached 50% in 2017, the highest on record. London investors bought over 22,000 homes outside the capital in 2016, up from 3,300 in 2010 – more…
Read MoreVoters want to see more housing in their area according to the National Housing Federation
The National Housing Federation (NHF) reveals in a recent news release that voters of all parties in England want to see more housing in their area, especially if it is affordable, fewer than one in 10 now say no new homes are needed in their area at all. David Orr, Chief Executive at the National…
Read MoreThe first half year is expected to end better than anticipated according to Hunters
Hunters, one of the UK’s largest national sales and lettings estate agency and franchise businesses, held their 2017 Annual General Meeting on Friday 19th May 2017. The Chairman, Kevin Hollinrake, made the following statement: “In the four months to April this year we have opened six new Hunters branches through organic growth and a further…
Read MoreShelter welcomes major parties pledges to end rough-sleeping
Shelter welcomes the pledges made in all of the major party’s manifestos this week to end rough-sleeping. Anne Baxendale, director of policy and campaigns at Shelter, said: “Clearly the sharp rise in rough-sleeping in recent years has rung alarm bells in politicians’ ears, so it’s good to see all major parties pledging to end this…
Read MoreFoxtons performance for Q1-2017 in line with Board’s expectations
Foxtons Plc, London’s leading estate agent yesterday 17th May 2017 issued a trading update for Q1-2017. During the first quarter Foxtons performance has been in line with the Board’s expectations. Group revenue was £28.7m compared to £38.4m in the first quarter last year and £26.4m in the fourth quarter of 2016. This quarterly performance is set…
Read MoreNew three year partnership deal between Countrywide Surveying Services and Leeds Building Society
Countrywide announced yesterday 16th May that Countrywide Surveying Services has been appointed by Leeds Building Society as its valuation and panel manager in a new three year partnership deal. Commenting on the new contract, Martin Richardson, Leeds Building Society’s Director of Operations said: “We’re pleased to have appointed Countrywide Surveying Services to provide property valuation and…
Read MoreUK house price grew by 4.1% in year to March 2017
UK House Price Index summary; March 2017 from HM Land Registry published yesterday 16th May 2017. This is a monthly report that shows changes in average house prices for England,Scotland,Wales and Northern Ireland. UK House prices grew by 4.1% in the year to March 2017, 1.5 percentage points lower than in the year to February 2017.…
Read MoreShelter reveals how hard-pressed private renters need to borrow to pay their rent.
In a latest survey conducted by Shelter, they reveal that 1 in 3 renters on low incomes, which adds up to almost half a million people are having to borrow money in the form of credit cards, overdrafts or friends and family to be able to pay their rent. According to a Shelter analysis of…
Read MoreGrowth in registrations in both private and affordable sector says NHBC
According to the latest NHBC home registration statistics, more than 42,000 new homes were registered in the UK by NHBC in the first three months of this year. In Q1 2017 the number of registrations was 42,470, a 17% increase on last year (36,351). Of these: Private sector registrations in 2017 increased by 10% (31,197),…
Read MoreSAFEagent Awareness Week 15-19 May 2017
Next week, 3,000 professional lettings agents across the UK will unite for SAFEagent Awareness Week 15-19 May 2017 – continuing to highlight to consumers the importance of choosing a professional agent who is part of a Client Money Protection (CMP) Scheme run by a professional membership body or trade association. SAFE (Safe Agent Fully Endorsed)…
Read MoreMortgages in arrears at their lowest quarterly rate on record, says CML
News release from the Council of Mortgage Lenders (CML) published yesterday 11th May 2017 headlined ‘Arrears continued to fall in first quarter, says CML’ According to the CML, the number of mortgages in arrears fell slightly in the first quarter of 2017, and is down on both the previous quarter and a year ago. There…
Read MoreBank of England – Bank Rate held at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 10 May 2017, voted by a majority of 7-1 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 bank reserves, at £10 billion. The…
Read MoreUK property market is heading into a period of much lower growth overall according to Home.co.uk (API) report
The Home.co.uk Asking Price Index (API) report May 2017 released today headlines ‘London Prices Down but Most Regions Performing Well’. Home prices up overall by 2.8% year-on- year, however greater London prices down 1.6% year-on- year (down around 5.0% in real terms). Doug Shephard Director at Home.co.uk said: “The UK property market is heading into…
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