Posts by Allen Walkey
Housing Statistical Release including right to buy and transfers
Official statistics on the number of sales of dwellings under the Right to Buy scheme in England – October to December 2016 released from the Department for Communities and Local Government 16th March 2017. The release presents official statistics on the number of sales of dwellings under the Right to Buy scheme, as well as providing…
Read MoreBNP Paribas in takeover talks with estate agent Strutt and Parker
It is being reported on various media outlets that BNP Paribas France’s largest bank is in takeover talks with upmarket estate agent Strutt & Parker. It would appear from reports that discussions over a deal have been ongoing for a number of months, the French bank has taken a keen interest in buying the estate…
Read MoreNew government grant to tackle homelessness
Announcement from the Department for Communities and Local Government and Marcus Jones MP yesterday 15th March on the Gov.UK website headlined ‘New grant for council homelessness services’. The government is transforming the way councils fund homelessness services, giving them greater flexibility to prioritise homelessness prevention, Communities Minister Marcus Jones has confirmed. The new grant will…
Read MoreLoans for house purchase at a near 2 year low in January according to CML
New data for January released yesterday by the Council of Mortgage Lenders (CML) headlined ‘Home buying activity declines in January’. In January, home buyers borrowed £8.4bn, first-time buyers borrowed £3.6bn for home-owner house purchase, home movers borrowed £4.9bn. In the report CML stated: The number of loans advanced for house purchase in January was at…
Read More£62.8 billion of new residential loans was advanced to individuals during October-December 2016.
The Bank of England – Prudential Regulation Authority released yesterday 14th March – Mortgage Lenders and Administrators Statistics – 2016 Q4. The Mortgage Lenders and Administrators Return (MLAR) is a quarterly statistical release aggregated from data on mortgage lending activities provided by around 340 regulated mortgage lenders and administrators. The return confirmed: £62.8 billion of new…
Read MoreProperty investment heads north and west says Home.co.uk
Home.co.uk Asking Price Index for England and Wales March 2017 released today headlines ‘Demand heads north as London slumps’. Year-on-year price appreciation for England and Wales has slipped to just 2.6%, month on month shows at +0.6%. The summary section leads with – Stagflation in the UK property market looks highly likely this year. Doug…
Read MoreWelsh government introduces bill to abolish right to buy
The Welsh Government’s proposal to end the right of social housing tenants to buy their own homes started its journey through the National Assembly for Wales on Monday 13th March, the rights to buy will be abolished across the housing sector, including housing associations and council homes. The Welsh Government aims to protect the Welsh…
Read MoreFirst annual decrease for rents in UK since 2010 according to Countrywide
Rents in the UK have recorded their first annual decrease since 2010, according to Countrywide plc Monthly Lettings Index report for February 2017. Tenant demand has been dropping the fastest in London, possibly caused by the Brexit decision. This drop in demand has seen rents in the capital drop 4.3% over the year to an…
Read MoreHouses prices grow at fastest pace for a year in February according to Your Move
The Your Move latest England & Wales House Price Index for February 2017 released today headlines ‘Highest house price growth for a year with Birmingham and Merseyside experiencing new peak’. The report states: Prices grew at their fastest pace for 12 months in February, at 0.6% monthly, but annual house price inflation fell for 12th…
Read MoreRevenue growth maintained in both the Estate Agency and Surveying Divisions for LSL.
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, earlier this week announced preliminary results for the year ended 31st December 2016. The group saw operating profit growth of 58% at £65.4m compared with £41.4m for 2015. In the announcement they stated: Continued momentum in the…
Read MoreVunerable tenants being pushed out of private rental market according to RICS
The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey February 2017 released today headlines ‘Rising rents and benefits cuts pushing vulnerable tenants out of private housing market’. According to their survey they state that around one-third of respondents say homeless people and those on housing benefits are being pushed out of private rental…
Read MoreSubstantial reduction in property sales transactions, especially in Central London reports Foxtons
Foxtons Group plc, London’s leading estate agent, today announces its financial results for the year ended 31 December 2016. Sales revenue down 23%, Lettings revenue down 1%, Mortgage revenue up 7%. Seven branches opened in 2016 and a further two in February 2017 taking network to 67 Commenting on the results, Nic Budden, CEO, said:…
Read MoreScottish rental market makes a positive start to 2017
Recently released Your Move Scotland Rental Index (Buy to Let), February 2017 headlines ‘Scotland rental market starts 2017 on a high’ Key findings in the report show that average rental prices in Scotland now £571 a month, up 4% annually on £548 recorded a year ago., that Edinburgh and Lothians see strongest annual growth at…
Read MoreAnnual rate of house price growth falls to 5.1% in February says Halifax
Halifax House Price Index (HPI) report February 2017 released today headlined ‘Annual house price growth declines to 5.1%’. They state: House prices in the three months to February 2017 were 1.7% higher than in the three months to November 2016. House prices in the three months to February were 5.1% higher than in the same…
Read MoreApprentices are good for your business says FMB
The Federation of Master Builders (FMB) recently published a research article in which they stated that consumers prefer to hire firms that train apprentices, the new FMB research shows that 50% of households are more likely to hire builders who employ apprentices. Brian Berry, Chief Executive of the Federation of Master Builders (FMB), said: “This…
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