Posts by Allen Walkey
Barratt Developments PLC well on track for the full year
Barratt Developments PLC yesterday 12th January issued a trading update in respect of the six months ended 31 December 2016 ahead of publication of its interim results on 22 February 2017. They stated in the highlights that overall market conditions are healthy with strong demand in the period for new homes. David Thomas, Chief Executive…
Read MoreOverall house price growth continues to fall says Home.co.uk
Home.co.uk today released their Asking Price Index headlined ‘Home Prices Flatline as Supply Increases’. They report that overall house price growth continues to fall as we commence 2017, however not all regions registered average home price declines this month, worst monthly falls were in the East of England (-0.6%) and Scotland (-1.1%). The London market…
Read MoreDecember a record month for appraisal leads says ZPG
Zoopla Property Group (ZPG) announced earlier this week that they delivered a record number of unique appraisal leads to their agent members in December 2016, at the same time they announced that total appraisal leads generated for their members during 2016 were also up by an impressive 31% on 2015. Mark Goddard, Managing Director of…
Read MoreTaylor Wimpey reports good progress in 2016
Taylor Wimpey one of the largest British based housebuilding companies released yesterday 11th January it’s trading statement ahead of its full year results for the year ended 31 December 2016, which will be announced on 28 February 2017. Pete Redfern, Chief Executive, commented: “We are pleased to report good progress in 2016, with an increase in…
Read MoreHomelet – Rents in UK rose on average 1.7% in December
Data from the latest Homelet Rental Index revealed that rents in the UK rose on average 1.7% in December. The second half of 2016 saw a considerably slower rate of rental growth compared to the same period in 2015. Average rental values have increased in eleven out of twelve regions in the UK compared to…
Read MoreFoxtons expect trading conditions to remain challenging in 2017
Foxtons plc London’s leading estate agency today issued its trading update for the year ended 31 December 2016 ahead of its audited results announcement on 8 March 2017. The reduction in Group revenue for the year reflects the significant fall in sales volumes immediately following the first quarter of 2016. Nic Budden, CEO, commented: “Despite…
Read MoreRLA is asking the Welsh Assembly members to amend tax plans
The RLA is asking the Welsh Assembly members to amend tax plans that could make it harder for vulnerable people to rent a home, RLA Cymru is warning that any threat to the supply of homes to rent will make it more difficult for families and the homeless to access rented housing, at a time…
Read MoreBuilding material price increases due to depreciation of sterling.
Research out on Monday this week from the Federation of Master Builders (FMB) State of Trade Survey showed 70% of smaller building firms reported building material price increases. The FMB stated the rising prices have come about due to the depreciation of sterling as around a quarter of materials used by the UK construction industry…
Read MoreARLA responds to Scottish Government’s proposals
In a news report published yesterday 9th January on their website The Association of Residential Landlords (ARLA) responds to Scottish Government’s proposals on new private residential tenancy. ARLA has responded to the Scottish Government’s consultation on the proposals for regulations and policy supporting the Private Housing (Tenancies) (Scotland) Act 2016, arguing that the forms and…
Read MoreHouse prices finished 2016 strongly says Halifax
Halifax today released their House Price Index (HPI) report for December 2016 headlined ‘Annual house price growth rises to 6.5%’ They state: House prices in the three months to December 2016 were 2.5% higher than in the three months to September 2016. Martin Ellis, Halifax housing economist, said: “House prices finished 2016 strongly. Prices in…
Read MoreCML welcomes announcement on funding for affordable housing
The Council of Mortgage Lenders (CML) last week welcomed the announcement by the Communities Secretary Sajid Javid on funding for affordable housing, and the government’s commitment to widen the tenure choices for people who cannot afford to buy a home outright. Commenting on today’s announcement, CML director general Paul Smee said: “Today’s announcement can deliver the tenure flexibility that…
Read MorePersimmon announces ‘sales up’ in their trading update
Persimmon plc yesterday announced an update ahead of their Final Results for the year ended 31 December 2016, which will be released on 27 February 2017. Read the Persimmon PLC trading update in full click here. Persimmon the York-based housebuilding giant saw its year-on-year sales rise 15 per cent in the last six months of…
Read MoreSavills anticipate no price growth over the next 2 years for prime London
News release published yesterday 5th January from Savills headlined ‘Realistic pricing delivers a boost to prime London Sales volumes’. Savills the International Real Estate Adviser stated, higher taxes and political and economic uncertainty continued to suppress prime London residential values throughout 2016, but as prices became more aligned with buyer expectations of value so the…
Read MoreNHF repsonds to new £7bn fund for affordable homes
In a press release yesterday, David Orr, Chief Executive at the National Housing Federation (NHF) responded to the announcement made by the DCLG of the £7bn fund for affordable homes by saying: “We are delighted to start the new year on such a strong footing with such a clear show of faith from the Government…
Read MorePrivate renters would like their tenancy to be longer
Recent news release 3rd Jan: from Citizens Advice reveals 2 in 5 people living with their children in privately rented homes have a tenancy of 6 months or less. Analysis by the national charity finds 1 in 3 private renters would like their tenancy to be longer, rising to 2 in 5 amongst those with…
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