Posts by Allen Walkey
Two multi-branch agents join OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Townends, a 21 branch estate and letting agency firm, is listing its properties at OnTheMarket.com. Townends – owned by Nick Dunning Associates – was founded 25 years ago and now covers West and South West London, Surrey, Middlesex and North Hampshire.…
Read MoreTransactions in 2018 at their lowest in 5 years according to LSL Property Services/Acadata HPI report
Latest LSL Property Services/Acadata England and Wales House Price Index report – August 2018 released September 2018 reveals that house price growth remains at 1.8% for third consecutive month. The average home in England and Wales is now worth £303,199, up £5300 on the previous year according to the HPI report. The report reveals that…
Read MoreRents outside London continue to rise according to Hamptons International
Latest Hamptons International Monthly Lettings Index report – August 2018 reveals that London rents on newly let homes (i.e. homes advertised on the open market to let) fell for the third consecutive month, down -0.8% year-on-year, however rents on newly let homes in Great Britain excluding London, rose 2.0% year-on-year. Rents on those properties where…
Read MoreAverage rents across the UK rose by 0.9% in August according to Homelet
Latest Homelet Rental Index report – August 2018 reveals that average rents across the UK rose by 0.9% in August 2018 when compared to the same month a year previously. The average monthly rent is now £947 according to Homelet, however they state: when London is excluded, the average UK rental value was £786 in…
Read MoreSales trends are stabilising across London according to RICS
RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’. The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the…
Read MoreBank of England confirms bank rate held at 0.75%
Announcement as of 13th September 2018 – The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to…
Read MoreStrongest remortgaging market in a decade according to UK Finance
Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of…
Read MoreHouse prices fall further this month according to Home.co.uk
Latest Home.co.uk Asking Price Index report – September 2018 released today headlines ‘Price Growth Trends Towards Zero and Below’. The report reveals that home prices fell further this month as the slowdown tightened its grip. Price falls across most English regions have dragged the average for England and Wales down a further 0.3%. Asking prices…
Read MoreMark Carney Governor of Bank of England agrees to extend his term
At the request of the Chancellor, the Governor has agreed to extend his term to January 2020. Commenting on the extension of Mark Carney’s time as Governor, the Chancellor said: “I’m delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European…
Read MoreBelvoir Lettings PLC announce increase in Group Revenue
Belvoir Lettings PLC the UK’s largest property franchise, today announced their interim results for the six months ended 30 June 2018 in which they reveal 19% increase in Group revenue to £6,123,000 (H1 2017: £5,155,000). Dorian Gonsalves, Chief Executive Officer of Belvoir Lettings, commenting on the results, said: “I am delighted to report another half year…
Read MoreLloyds Bank Home Insurance urges homeowners to carry out health check on their property
Lloyds Bank Home Insurance is urging homeowners to carry out a health check to ensure their property is properly prepared for winter. Tim Downes, Senior Claims Manager, Lloyds Bank Home Insurance, said: “Winter may be the last thing many people want to think about after the nation has basked in a long, hot summer. “However,…
Read MoreRLA comments on the report on private rented housing
Comenting on the recent publication of the University of York’s report on private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “We welcome today’s report which the RLA contributed to. “Whilst the Government’s own data shows that 84 per cent of private tenants are satisfied with their accommodation, no one…
Read MoreShelter responds to review of the private rented sector
Please find below Shelter’s reponse to Nationwide Foundation and Univeristy of York’s review of the private rented sector, which calls for property MOTs for private rented homes. Polly Neate, chief executive, Shelter said, “Decades of failure to build social homes mean thousands of families are left to contend with the broken, failing market that is…
Read MoreOnTheMarket.com launches major new TV campaign
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced it is launching a new TV campaign this month which highlights its ‘New & exclusive’ properties*. The story focuses on a young family who have missed out on ‘yet another perfect house’ but discover OnTheMarket has ‘thousands of new properties to buy or…
Read MoreAnnual rate of house price growth rises in August according to Halifax
Latest Halifax House Price Index report – August 2018 released today headlines ‘Annual House Price Growth Rises To 3.7% in August’. The report reveals that house prices in the three months to August increased by 3.7% against the same period a year earlier, on a monthly basis, prices remained steady, seeing a small rise of…
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