Posts by Allen Walkey
Many homeowners think that house prices are falling.
Many expected the bank base rate to be cut earlier this month due to apprehension over the Brexit decision, this did not happen to the surprise of most. The MPC in their July meeting suggested that the committee is considering a broader package of measures, this has given rise to the expectation by financial markets…
Read MoreGross mortgage lending increases
The Council of Mortgage Lenders (CML)June gross mortgage lending estimate published yesterday 21st July headlined ‘Gross mortgage lending climbs in June’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £20.7 billion in June. CML senior economist Mohammad Jamei said: “The result of the EU referendum is likely to affect the housing market,…
Read MoreSales volumes likely to slow…..
UK Cities House Price Index June 2016 released today headlines ‘Sales volumes likely to slow with price growth moderating post Brexit’ According to research published by Hometrack….The rate of city level house price is starting to plateau after a strong first half of the year, house prices rose by 10.2% in the year to June.…
Read MoreEnglish Housing Survey 2014/15 ( National Statistics )
National Statistics ENGLiSH HOUSING SURVEY 2014 -2015. Published yesterday 21st July from Department for Communities and Local Government. Annual report on those new to home ownership (first time buyers) and those who aspire to be home owners. Full Report click here Annual report which provides a profile of social renters and the condition of the…
Read MoreBrexit effect hits commercial property market
The commercial property market is having to deal with a drop in confidence and investor demand after Brexit , according to Q2 UK Commercial Property Market Survey by the Royal Institute of Chartered Surveyors (RICS). The RICS highlights in their headline: ‘Sentiment significantly dampened by Brexit vote’. Investment demand falls sharply with London seeing the…
Read MoreWarning of slowdown in the construction industry.
This week (Tuesday) at the National Housing Federation’s (NHF) Brexit conference the social housing sector warns of a slowdown in the construction industry. In their press release on the 19th July the (NHF) pointed out that: Early findings from new CEBR analysis suggest a construction slowdown may be on the horizon with shares in construction…
Read MoreROS reports House Prices rise 4% north of the border
According to the Registers of Scotland (RoS) recent news report the latest publication of the UK House Price Index (HPI) shows that the average price of a property in Scotland in May 2016 was £141,142, an increase of 4.0 per cent on the previous year and an increase of 2.8 per cent when compared to…
Read MoreJune House Prices rise by 0.6%
LSL Property Services / Acadata England and Wales House Price Index (HPI) June 2016 headlines ‘House Prices in June continue to rise by 0.6%’. Transaction numbers climb back to 2015 levels but Brexit looms large London house prices fall 1.4% (£8,400) month – on – month – largest fall since May 2011 Slough and Luton…
Read MoreUK (HPI) May 2016
The UK (HPI) May 2016 published yesterday 19th July. The UK House Price Index (HPI) uses house sales data from Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland and is calculated by the Office of National Statistics As of May 2016 the average house price in the UK is £211,230, and…
Read MoreBelvoir Lettings updates on Franchisee-Led Aquisitions
Belvoir Lettings plc, the UK’s largest property franchise, updates today on a number of franchisee-led acquisitions across the country. The acquisitions were made by Belvoir franchisees in Solihull, Rochester, Bournemouth and St Helens. Mike Goddard, Chairman and CEO of Belvoir reportedly commented; “The Group is going from strength to strength and I continue to be…
Read MoreGavin Barwell MP appointed Housing and Planning Minister
Theresa May has appointed Croydon MP Gavin Barwell as new Minister of State for Housing & Planning and Minister for London as part of the government reshuffle, he replaces Brandon Lewis who has served as housing minister since July 2014. Mr Barwell will be working with Sadiq Khan the recently elected Mayor of London and…
Read MoreRightmove HPI July
Rightmove House Price Index published today for July headlines ‘Housing Market steady post Referendum’ The average asking price of property coming to the market in England and Wales has fallen since Mid June according to Rightmove. Price of property coming to market falls 0.9% (-£2,647) this month, within usual expectations for the run-up to the…
Read MoreInternational money launderers exploit UK property market.
Recent news articles are reporting that the UK property market is being exploited by international money launderers, Chairman of The Home Affairs Select Committee Keith Vaz reportedly said that £100bn was being laundered through the country every year. He further reportedly said “London is a centre for money laundering, and its standing as a global…
Read MorePound recovers however still uncertainty.
The pound sterling rate against the dollar had its best week since 2009, this came about after the appointment of Theresa May as Prime Minister, this helped settle everyones concerns at having no real leadership in the country, it returned a sense of political stability in the UK. Another factor was that last Thursday the…
Read MoreRICS Residential market Survey June
The RICS UK Residential Market Survey for June 2016 released yesterday headlined Post-referendum uncertainty hits sentiment. It stated: Buyer enquiries fall for third consecutive month ….. Agreed sales fall sharply with activity expected to remain subdued in the coming months …… medium term price expectations slip, but remain positive, with rent expectations still firm. In…
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