Posts by Allen Walkey
Second consecutive monthly decline in house prices in April according to Nationwide
Nationwide House Price Index April 2017 report released today headlined ‘Annual house price growth slowest in nearly four years’. The report reveals that house prices show second consecutive monthly decline in April, annual house price growth dips to 2.6%, weakest pace for almost four years. The monthly change in April was -0.4% compared to -0.3%…
Read MoreA good start to 2017 says Taylor Wimpey plc
Taylor Wimpey plc released their trading statement yesterday for the period covering 1 January 2017 to 27 April 2017. Pete Redfern, Chief Executive, commented: “We‘ve had a good start to 2017, with positive customer demand and good mortgage availability supporting a strong sales rate. We remain well positioned to make further progress in 2017 which…
Read MoreOperational performance continues to be excellent for Persimmon PLC
Trading update from Persimmon PLC yesterday 27th April in which they announced current trading, financial performance and the outlook for the current financial year. The statement covers the period from 1 January 2017 to date and supplements the update given in the announcement of the 2016 Final Results on 27 February 2017. The leading paragraph…
Read MoreNew Non-Executive Director to the board of Countrywide PLC.
The Board of Countrywide plc announced today that Natalie Ceeney will be appointed Non-Executive Director of the Company with effect from 28 April 2017. In the release they state: Natalie has held various Senior Executive positions and most recently was Chief Executive of HM Courts and Tribunals Service, Head of Customer Standards of HSBC UK;…
Read MoreDiscounted properties have seen a bigger reduction since the end of last year says Zoopla
Zoopla yesterday 26th April 2017 released a property news report headlined ‘One third of homes have £25,000 slashed off asking price’. They revealed that nearly one-third of properties listed for sale on their property website have seen big discounts, their analysis shows that the average reduction in asking prices stands at almost £25,000. The property…
Read MoreLandlords and Letting Agents who exploit tenants to be “named and shamed”
Announced yesterday by the Mayor of London, Sadiq Khan, was that criminal landlords and letting agents who exploit their tenants will be ‘named and shamed’ on a new online database to protect the two million private renters in the capital. The Mayor of London, Sadiq Khan, said: “I refuse to stand by as thousands of…
Read MoreGeneral election a genuine positive for the UK property industry says JLL UK
Comments in a recent news release from JLL UK on 19th April 2017 on the announcement of the UK general election to be held on 8th June 2017. Jon Neale, Head of UK Research, JLL UK said: “The announcement of a snap general election on 8 June is a genuine positive for the UK property…
Read MoreSellers need to adjust their expectations of value says Savills
A recent UK news release from Savills published 24th April on their website headlined ‘Prime housing markets continue to adjust to uncertain times’. In the leading paragraph the report states: The UK’s prime regional housing markets have performed more strongly than London’s top postcodes for over two years. Lucian Cook, Savills head of residential research,…
Read MoreUK Property Transaction Count – March 2017 from HMRC
HM Revenue and Customs UK Property Transactions Count – March 2017 released 21st April 2017. In the commentary they stated: The provisional seasonally adjusted UK property transaction count for March 2017 was 102,810 residential transactions. The seasonally adjusted estimate of the number of residential property transactions increased by 0.5% between February 2017 and March 2017.…
Read MoreTight supply coupled with demand is pushing up prices in Scotland
The latest Your Move/Acadata Scottish House Price Index released last week on 21st April 2017 headlined ‘Prices heading north’. According to the latest Your Move Scottish House Price Index report, house prices in Scotland grew strongly in February with prices up by 1.4% and growing 3.3% annually. The report reveals: New peaks in five areas…
Read MoreAgents run for charity in this years London Marathon
London Marathon takes place this Sunday 23rd April, as in every year so many agents and others in the property industry get involved in this event for the sake of their chosen charities. We extend our best wishes to everyone who is taking part this year and that they do well for their chosen charities.…
Read MoreEstimated gross mortgage lending March is 19% higher than previous month according to CML
The Council of Mortgage lenders (CML) gross mortgage lending estimate for March and market commentary published yesterday 20th April headlined ‘Gross mortgage lending increases 19% in March. The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.4 billion in March. Gross mortgage lending for the first quarter of 2017 was therefore an estimated…
Read MoreNew campaign is the biggest ever for Zoopla
This week (17th April) property website Zoopla launches a brand new above-the-line advertising campaign, which shows how Zoopla can help simplify the process of moving home, as told through the eyes of hermit crabs – the world’s most prolific movers. The campaign will debut with a 60” TV advert which introduces all the hermit crab characters who will…
Read MoreAverage annual rental growth slows in UK according to Homelet
Data from the latest Homelet Rental Index March 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year. The report highlights that for March 2017 the average UK rental value was £904pcm – this is 1.1% higher than the same period last year (£894pcm). In…
Read MoreThe shocking state of housing in England today is seriously impacting people’s wellbeing says Shelter
New Shelter report reveals that a huge 1 in 5 adults suffer mental health problems such as anxiety, depression and panic attacks, due to housing pressures. The new Shelter report highlights how the shocking state of housing in England today is seriously impacting people’s wellbeing. One in six adults say housing issues have also affected their physical health reporting symptoms…
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