Posts by Allen Walkey
Hunters Property PLC deliver robust results for the half year to June 2018
Hunters Property Plc, one of the UK’s largest franchised sales and lettings agency businesses, today announced its interim results for the six months ended 30 June 2018 in which it states that: the Board remains confident the 2nd half will, as usual, outperform the first and remains in line to exceed last year’s full year…
Read MoreBarratt Developments PLC highlight strong financial and operational performance for the full year in their annual results announcement
Barratt Developments PLC today announced their Annual Results for the year ended June 2018. Barratt Developments PLC highlight a strong financial and operational performance for the full year. Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “The Group has had another outstanding year delivering a strong operational and financial performance,…
Read MoreDemand in the PRS in July increased to its highest level this year according to ARLA Propertymark
The latest ARLA Propertymark Private Rented Sector Report – July 2018 revealed that demand from prospective tenants increased in July, to the highest level this year so far. The supply of available properties moved in the opposite direction to demand, falling from 191 in June, to 184 last month according to ARLA Propertymark. David Cox,…
Read MoreHouse prices growing almost twice as fast near top state schools according to Lloyds Bank
Latest research from Lloyds Bank reveals that house price growth in areas with top performing state schools has significantly outpaced the rest of the country in the last five years, prices growing almost twice as fast near top state schools. Lloyds Bank state that house prices near top schools grew by 35% (£104,365), compared to…
Read MoreSlight softening in annual house price growth according to Nationwide
Latest Nationwide House Price Index report – August 2018 headlines ‘Slowing in Annual house price growth in August’. The report reveals annual house price growth softens to 2.0% and prices decline 0.5% month-on-month, biggest monthly fall since July 2012. Commenting on the figures, Robert gardner,Nationwide’s Chief economist, said: “August saw a slight softening in annual…
Read MoreRLA Future Renting Conference in London this September
THE Government’s lead civil servant for private rented housing will address the Residential Landlords Association’s (RLA) Future Renting conference in London this month. As Deputy Director the Private Rented Sector in the Ministry of Housing, Anne Frost has overall responsibility for forming and implementing government policy and feeding opinion from stakeholders, including landlords, back to Government…
Read MoreFTB’s take advantage of dip in demand according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – July 2018 revealed tha the supply of properties available to buy increased in July, while demand fell. First Time Buyers took advantage of these market conditions, and almost a third of all sales were made to the group in July, according to the housing report from NAEA Propertymark. Mark…
Read MoreRLA comments on call to Government to lift Local Housing Allowance freeze.
COMMENTING on calls by the Chartered Institute for Housing for the Government to lift the Local Housing Allowance freeze for private rented housing, David Smith, Policy Director for the Residential Landlords Association said “Today’s report is a reminder of the difficulties being faced by young people especially in accessing homes for private rent. “With many…
Read MoreMillerson an 11 branch estate and lettings agency firm now listing on OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Millerson, an 11 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. The family-run firm of estate agents covers Cornwall and West Devon, and has been in operation for three generations. Jeremy Miller, Operations Partner at Millerson, said: “Millerson estate…
Read MoreAnnual rate of house price inflation across London slips into negative territory according to Hometrack
Latest Hometrack UK Cities House Price Index report – July 2018 reveals UK city house price inflation moderates to 4.2% year on year. Flat prices in London and a slower growth across large regional cities are weighing on the headline rate. Hometrack states that 10 years on from the financial crisis city level house price…
Read MoreMore Londoners moving out of capital to search for new home according to Hamptons International
New figures recently published by Hamptons International show that there were 61% more Londoners leaving the capital and buying homes elsewhere in the first half of this year than at the same period 10 years ago. The number of Londoners who bought homes outside the capital rose to 30,280 in H1 2018, a 16% rise…
Read MoreJuly saw steady growth in mortgage lending according to UK Finance
The latest UK Finance’s Household Finance Update for July 2018 reveals: Gross mortgage lending for the total market in July was £24.6bn, some 7.6 per cent higher than a year earlier. The number of mortgage approvals by the main high street banks in July fell by 0.8 per cent compared to the same month a…
Read MoreOnTheMarket.com signs listing agreements with more than 10,500 offices
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that as of 22 August, it has signed listing agreements with UK estate and letting agents with more than 10,500 offices. This increase of over 5,000 branches since Admission on 9 February represents growth of 91%. The Company believes that it now…
Read MoreAcross UK 4.8 million people could become landlords in 2018 according to Sainsbury’s Bank
New research from Sainsbury’s Bank Mortgages indicates that almost one in 10 (9%) UK adults have shown an interest in taking out a Buy to Let (BTL) mortgage in 2018. This means that across the UK, 4.8 million people could become landlords in 2018. David Buxton, Head of Banking at Sainsbury’s Bank, said: “With demand…
Read MoreRemortgaging in London reaches nine-year high
News update from UK Finance – Mortgage Trends in London Update for Quarter 2 2018 reveals remortgaging in London reached its highest level in nine years in the second quarter of this year as house purchase activity slows. There were 15,200 new homeowner remortgages in London completed in the second quarter, some 16.9 per cent…
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