Posts by Allen Walkey
Dates for the Diary
Dates for the Diary. Property Investor & Homebuyer Show at Excel London, Friday 7th and Saturday 8th October. The most comprehensive exhibition of UK & International residential property (and services) presented in Europe returns to ExCel London for its ‘Autumn Edition’ in October 2016. To know more about the show click here
Read MoreMortgage Advice Bureau profits up.
Mortgage Advice Bureau (Holdings) PLC today announced its interim results for the six months ended 30 June 2016. Peter Brodnicki, Chief Executive commented: “I am pleased to report another strong set of results, with profit before tax up 34% and MAB’s market share increasing by 20% compared to the same period last year. After a…
Read MoreLondon second from top of Real Estate Bubble Index
According to the UBS Group AG analysis of 18 financial centres, Vancouver tops the UBS Global Real Estate Bubble Index as being at most risk of a housing bubble, London, Stockholm, Sydney, Munich and Hong Kong follow behind in bubble risk section. House prices in the bubble risk cities have increased on average by almost…
Read MoreNumbers of single purchasers has decreased
In their latest news report published yesterday by MyHomeMove.com research revealed that the number of homes bought by ‘single’ purchasers has fallen by an average of 4% over the past five years, approx 10,000 transactions per year. Home buying couples, friends and those purchasing in groups, now account for approx 60 per cent of…
Read MoreHousing supply at highest level since March this year.
The National Association of Estate Agents (NAEA) yesterday issued their August Housing Market report headlined ‘Supply of Housing Hits A Six Month High’ In the report it states supply of available housing rose to the highest level seen since March this year, the number of houses available for buyers increased to 41 per estate agency…
Read MoreStatistics point to a softer housing market says BBA
Report out today from the BBA headlines ‘August 2016 figures for the high street banks’ House purchase approval numbers are 21% lower than in August 2015 but in the first eight months of 2016 they are 2% lower than in the same period of 2015. Remortgaging approvals were 6% lower than in August 2015 but…
Read MoreRight to Buy helps thousands to become homeowners
An announcement last week published on the Gov.UK website from the Department for Communities and Local Government and Gavin Barwell MP headlined ‘Right To Buy: more than 56,000 new homeowners across the country’ New figures published 22 Septemebr 2016 show more than 312,000 households have now benefited from government-backed home ownership schemes including Right to…
Read More(CML) Market commentary September 2016
The Council of Mortgage Lenders (CML) yesterday 22nd September published their Market commentary September 2016. The topics mentioned in the lead paragraph as follows. Hard economic data after the referendum is still scarce, but surveys point to a recovery in sentiment in August Our estimate of gross mortgage lending for August is £22.5 billion, up…
Read MorePeriod of adjustment for Prime Central London property
Property prices in Prime Central London are expected to be lower by the end of 2016 as buyers sit it out and wait for the Brexit negotiations to unfold, however by 2019 they are expected to be moving up again, according to a recent report. It is expected that In the next five years, prime…
Read MoreUK Property Transactions Count – August 2016
Released yesterday 21st September from HM Revenue and Customs; the monthly property transactions completed in the UK with value of £40,000 or above. The provisional seasonally adjusted UK property transaction count for August 2016 was 97,660 residential and 10,620 non-residential transactions. Residential transactions There has been negligible change in the seasonally adjusted estimate of the…
Read MoreLondon Mayor launches ‘London Living Rent’
The London Mayor, Sadiq Khan set out the first details of his plans for ‘London Living Rent’ this week, while on a visit to the new Sugar Hill housing development in Harlem, New York City, all part of a five-day business trip to Montreal, Chicago and New York to spread his message to the US…
Read MoreCompetition in mortgage market may drive rates lower.
Last week the Bank of England’s Monetary Policy Committee voted unanimously to keep its monetary policy on hold, maintaining interest rates at 0.25 per cent. The MPC stated, however, that rates could be cut again in the coming months even though the economic impact of the Brexit vote has been less significant than previously expected.…
Read MoreEstate Gazette Awards 2016
The Estate Gazette Awards 2016 took place last night at the Grosvenor House Hotel, London, W1. The Awards were judged by some of the most recognised and respected names in the industry. To check out the 22 Winners, Picture coverage of the night, the Shortlist, the Judges and more…click here
Read MoreLandlords disadvantaged by tax relief cap.
The move to cap tax relief on buy-to-let mortgages by the former Chancellor of the Exchequer which starts next year could put private landlords at a disadvantage when calculating their tax returns. This situation is causing landlords to sell properties back to themselves in an effort to reduce tax liabilities on the property they rent…
Read MoreAverage asking price up 0.7% on month in September says Rightmove
Asking prices in London rose 1.9% from August, rebounding after four straight months of decline, Rightmove says. It added that the recovery this month was “exaggerated by seasonal volatility, with more owners of expensive properties coming to market after the end of the summer holidays.” The average asking price for a house in the UK…
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