Posts by Allen Walkey
More than 84,200 property sales were lodged for registration in February with Land Registry
Announcement today on Gov.UK website from Land Registry – February 2017 Price Paid Data. 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 84,200 residential and commercial land and property sales in England and Wales lodged for…
Read MoreHomelessness Reduction Bill recently passed its final stage in the House of Lords
Recent news release 23rd March from The Chartered Institute of Housing (CIH) the independent voice for housing and the home of professional standards headlined ‘Passage of bill ‘hugely positive’ as figures reveal continued scale of homelessness’. Terrie Alafat CBE, chief executive of the Chartered Institute of Housing, said: “The passage of the Homelessness Reduction Bill …
Read MoreHomeownership has become less affordable for young people in the UK
Publication today from the Social Mobility Commission on the Gov.UK website headlines ‘Home ownership access to first-time buyers in the UK’. Research on first-time buyers’ reliance on their parents to get onto the housing ladder. Analysis of Government and housing market data finds that the proportion of young people embarking on home ownership has fallen…
Read MoreGross mortgage borrowing in February higher than same month last year according to BBA
The BBA today released their February 2017 figures for the high street banks. It states: Gross mortgage borrowing of £13.4 billion in February was 4.6% higher than in the same month last year. After allowing for repayments, February’s net mortgage borrowing was 2.5% higher than in February 2016. House purchase approval numbers of 42,613 were…
Read MoreHighest house price growth is outside of London according to Hometrack
The latest UK Cities House Price Index – February 2017 from Hometrack released today leads with: City house price growth running at 6.4%, down from 7.8% twelve months ago. London house price growth is at its lowest level since 2013, the annual price increase in the capital is at 5.6% which is acting as a…
Read MoreHousing market has been slowly building up momentum over the last few months according to CML
Press release today from the Council of Mortgage Lenders (CML) headlines ‘Gross mortgage lending £18.2 billion in February’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. Read the CML Gross Mortgage Lending release in full click here. In the Market Commentary report also released today it states: The…
Read MoreDemand for rental properties outstripping supply says Connells
Latest news release published by Connells earlier this week headlined ‘Lettings market stays strong for local lettings agency’. The rental market continues to grow and shows no signs of slowing down, according to local lettings agency Connells. Stephen Nation, Group Lettings Managing Director at parent company Connells Group says, “The current climate in the residential…
Read MoreSavills PLC announces record results
Savills plc, the international real estate advisor, today announces record results as the Group benefits from market share growth in key markets and its broad spread of services across the globe. Key Operating Highlights leads: The strength of our key commercial market positions, growth in Investment Management and the resilience of our residential businesses led…
Read MoreZoopla’s national spontaneous brand awareness is now at an all-time high according to ZPG
Press release published yesterday by ZPG headlined ‘Zoopla Brand Awareness Reaches New record Highs’ In the release it stated: The latest research conducted by Harris Interactive on behalf of ZPG, reveals that Zoopla’s national spontaneous brand awareness is now at an all-time high, with the gap over Rightmove also at its biggest level ever. In…
Read MoreGovernment confirms implementation of new measures to crack down on rogue landlords.
ARLA | Propertymark confirmed in a recent news release that new measures are to be implemented under the Housing and Planning Act which will include powers to prosecute and impose significant fines or issue civil notices with penalties of up to £30,000. The new measures which come into force on the 6th April effectively mean…
Read MoreHousing market indicators for January suggested moderate demand which continues to outmatch supply.
Published today from the Land Registry available on the Gov.UK website UK House Price Index summary: January 2017. This is a monthly report that shows changes in average house prices for England, Scotland, Wales and Northern Ireland. Statistics for January2017 show that the average price of a property in the UK was £218,255. Housing market indicators…
Read MoreHunters Property PLC aquires Besley Hill
Hunters Property PLC today announces the acquisition of the franchising business and related assets of Besley hill Franchising Limited. Hunters Property Plc is one of the UK’s largest national sales and lettings agency and franchise businesses, Besley Hill is one of the leading Estate Agents in Bristol and Gloucestershire operateing from 15 offices across four…
Read MoreRelatively slow house price growth in Scotland benefits first-time buyers
The latest House Price Index from Your Move released 17th March headlined ‘Scottish house prices inching higher‘. Average house prices in Scotland edged up 0.1% in January and grew 1.5% annually. The report states: Higher value properties and first time buyers drive transactions and prices. Christine Campbell, Your Move managing director in Scotland, said: “Relatively…
Read MoreIncrease in number of remortgages Q4 2016 according to Paragon Mortgages
Recent press release from Paragon Mortgages headlined ‘Brokers see surge in remortgages as borrowers opt for longer term fixed rates’. Paragon Mortgages’ latest Financial Advisors Confidence Tracking (FACT) Index report has identified a shift in type of mortgage borrower in 2016, with remortgage business increasing in each quarter. In the Q4 2016 report it states…
Read MoreInterest rates remain on hold at 0.25%
Bank of England – Monetary Policy Committee (MPC) Announcement and Minutes 16th March 2017. The MPC voted by a majority of 8-1 to maintain Bank Rate at 0.25% at their meeting ending 15 March 2017. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases, financed by the issuance…
Read More