Posts by Allen Walkey
Lack of choice is affecting UK housing market activity
The Royal Institution of Chartered Surveyors (RICS) UK Residential Survey April 2017 released today headlines ‘Lack of choice for new buyers hampering housing market as sales decline’. The RICS main house price index for April held at +22, unchanged from March, their measure of how prices are likely to perform in the next three months…
Read MoreBarratt Developments PLC delivering a strong performance since the start of the calendar year.
Barratt Developments PLC today issued a trading update in respect of the period from1 January to 7 May 2017, in which it highlights: Total completions (including joint ventures) expected to be around 17,350 for the year, the highest number of completions in nine years. They state that: Market conditions remain good, with the Group delivering…
Read MoreSavills Plc announce they have traded in line with expectations.
Savills plc, the international real estate advisor, held their Annual General Meeting (AGM) yesterday 9th May 2017, they announced that during the year to date Savills has traded in line with expectations and ahead of the corresponding period in 2016, both as reported and on a constant currency basis. In relation to the UK Prime…
Read MoreZPG signs a new multi-year agreement to provide portal marketing services to Badger Holdings
In a press release yesterday 8th May 2017 ZPG announces that it has signed a new multi-year agreement to provide portal marketing services to Badger Holdings, owner of numerous high street estate agent brands. Mark Goddard, Managing Director of ZPG’s Property division commented, “We are delighted to have agreed a long term relationship with Badger…
Read MoreNew data from Homelet reveals London rents fell for first time since 2009 in April
Homelet Rental Index report April 2017 released yesterday 8th May 2017 headlined ‘London rents fall for the first time in eight years’. The report stated: Rents on new tenancies in London fell by 1.2% in April compared to the same month a year ago, the first such fall since December 2009. UK rents in April…
Read MoreVirtually no change in house prices over past three months says Halifax.
Halifax House Price Index (HPI) April 2017 released today headlines ‘Annual house price growth unchanged at 3.8%’. The report states: House prices fell by 0.1% between March and April. There has been virtually no change in prices over the past three months. House prices in the three months to April were 3.8% higher than in…
Read MoreRents increase in Scotland in March compared to previous month according to Your Move
The latest Your Move Scottish Buy to Let Index April 2017 released 3rd May 2017 headlined ‘Demand for family properties pushes up prices’. The report revealed that all Scottish regions saw rents rise in March compared to the previous month, average Scottish rent is now 3.8% higher than a year ago, typical Scottish rental property…
Read MoreBoE figures show mortgage approvals to home buyers falls to six month low in March
The Bank of England (BoE) statistical release 4th May 2017… Money and Credit March 2017. Lending secured on dwellings rose by £3.1 billion in March, similar to the recent average but lower than expected. In year-on-year terms, the increase was the weakest since November 2015. Mortgage approvals secured on dwellings for house purchase and remortgaging…
Read MoreUK business continues to go from strength-to-strength says Purplebricks
Purplebricks Group plc today announces a trading update for the year ended 30 April 2017 ahead of reporting its final results on 29 June 2017. They state: Trading in the UK has been strong, with year-on-year instruction growth in the second half of the financial year up 83%. Commenting on the update, Michael Bruce, Group…
Read MoreLand and property sales in England and Wales submitted to HM Land Registry for registration in March 2017
Latest Price Paid Data March 2017 announcement released yesterday 3rd May 2017 from HM Land Registry. HM Land Registry Price Paid Data tracks land and property sales in England and Wales submitted to us for registration. This month’s Price Paid Data includes details of over 96,500 residential and commercial land and property sales in England and…
Read MoreReport examines what the Mayor can do to reduce domestic carbon emissions and fuel poverty in the capital
The London Assembly Environment Committee launched their report yesterday 2 May 2017 headlined ‘Getting warmer – give London renters an energy break’ which examines what the Mayor can do to reduce domestic carbon emissions and fuel poverty in the capital. They state in the leading paragraph: Many London homes are leaky and hard to heat. Improving…
Read MoreTSB appoints Hometrack as provider and long term partner for AVM services
ZPG Plc announced on their website yesterday 2 May 2017 that Hometrack (which is now part of ZPG Plc) has been appointed by TSB to be its provider and long-term partner for Automated Valuation Model (AVM) services. The property analytics business will supply the mortgage team at TSB with a combination of valuation and risk…
Read MoreHouse purchase approvals broadly reflect a steady housing market says BBA
The latest statistical news release from the BBA ‘March 2017 figures for the high street banks’ released 28th April 2017. The BBA states: Gross mortgage borrowing in March totalled £13.2bn much in line with recent months. Net mortgage borrowing in March was 2.2% higher than a year ago. House purchase approval numbers of 41,061 were…
Read MoreCurrent trading in the year to date has been in line with our expectations says Bovis Homes Group
Bovis Homes Group today released their trading statement for the period covering 1 January 2017 to date, the statement comments on the Group’s current trading and outlook for the financial year. They state: Current trading in the year to date has been in line with their expectations. That they have opened 8 new sites in…
Read MoreHouse price inflation in London continues to slow says Hometrack
The latest UK Cities House Price Index – March 2017 from Hometrack released 28 April 2017 leads with: City level house price growth rate is 6.4%, up from 4.9% at the end of last year. 2017 Q1 saw city level house prices rise by 3.5%, the highest quarterly rate of price inflation for 3 years.…
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