Posts by Allen Walkey
Homelet Rental Index (MAY) reveals rents continue to rise.
The May 2016 HomeLet Rental Index reveals that rents continue to rise in almost every area of the country, with 11 out of the 12 regions surveyed seeing an increase over the three months to the end of May, however the pace of rent rises is now beginning to moderate, particularly compared to a year…
Read MoreBelvoir to become largest property franchise group in UK
Belvoir Lettings plc announced yesterday it has entered into a conditional agreement to acquire the entire issued share capital of Northwood GB Limited for a total consideration of up to £22.0 million. Northwood is the largest remaining independent property lettings franchise in the UK, established in 1995 it is a clear strategic fit with the…
Read MoreHALIFAX HPI MAY
The Halifax House Price Index released today headlines “Annual House Price Growth Unchanged at 9.2%” Prices in the three months to May were 9.2% higher than in the same three months a year earlier. House prices in the latest three months (March-May) were 1.4% higher than in the preceding three months. Martin Ellis, Halifax housing…
Read MorePurplebricks Group share price pulls back.
The share price of Purplebricks Group PLC finished the day yesterday at 120p, that is almost a drop of around 25% since Jeffries put out a broker rating on it just one week ago. The research report issued by Jefferies International on the 31st May rated Purplebricks as ‘Underperform’ by analysts at the brokerage, they…
Read MorePossible Changes ahead for madatory licensing of HMO’s
Recent reports point to Government plans to introduce changes to HMO mandatory licensing requirements, such changes would include extending mandatory licensing to two storey buildings and possibly single storey properties converted into flats, which are not compliant with Building Regulations. Landlords need to be aware that such changes to the licensing requirements for houses in…
Read More‘Leave’ takes lead according to YouGov poll.
According to a YouGov poll for ITV, Bloomberg reports support for Britain to leave the European Union stood 4 points ahead of support for remaining in the EU, voting takes place on June 23 just over 2 weeks away. In a June survey of 3,405 people commissioned by ITV’s “Good Morning Britain”, Yougov found 45%…
Read MoreSavills Invest in online hybrid estate agent
Savills plc the international real estate advisory firm, is pleased to announce that its proprietary investment subsidiary, Grosvenor Hill Ventures, has acquired a minority stake in YOPA Property Limited (“YOPA”) by participating in YOPA’s £16m equity fundraising to finance the roll out of its online hybrid estate agency in the high volume segment of the…
Read MoreNot Plain Sailing for David Cameron in Live TV Q&A
David Cameron was certainly not given an easy ride in yesterdays live TV EU Referendum Q&A on Sky News, this was his first major TV event in support of the ‘Remain’ campaign. Faisal Islam Sky’s political editor interviewing Mr Cameron took no prisoners when it came to getting the answers to his questions, he fired…
Read MoreCity Level House Price Inflation Continues to Increase
The latest Hometrack UK Cities House Price Index released in May for April reveals the rate of city level house price inflation continues to increase after a strong first quarter. Year on year growth is running at 10.4% compared to 6.6% twelve months ago when growth had slowed in the face of uncertainty over the…
Read MoreParagon Offer New BTL deals for Professsional landlords
Paragon Mortgages updates its buy-to-let (BTL) product range for professional landlords, unveiling an additional six new products. Paragon now offer new two year fixed rate products starting at 3.40% with a 1.50% product fee at 65% LTV for single self-contained units. There is also a two year fix at 3.75% with a 1.50% product fee…
Read MoreHunters Trading update
Hunters, one of the UK’s largest national sales and lettings estate agency and franchise businesses, yesterday released the following trading update. The start of 2016 has exceeded the Board’s expectations with the Group having performed well across all divisions. The excellent pace of roll-out has continued with the Group opening 10 new branches in the…
Read MoreNationwide House Price Index May
The Nationwide house price Index for May released today headlines “Pace of House Price Growth broadly stable in May”. House prices increased by 0.2% in May, the same as the previous month. Annual house price growth slows to 4.7% from 4.9% in April. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist said: “UK house…
Read MoreLand registry April Price Paid Data
Land Registry April 2016 Price Data released yesterday for Land and Property in England and Wales. This month’s Price Paid Data includes details of over 112,500 land and property sales in England and Wales lodged for registration in April 2016. Of the 112,546 sales lodged for registration: Almost 80,000 were freehold, around 7,000 were newly…
Read MoreOlder Brits still favour Iberian countries for retirement.
Iberian countries are still among the top destinations for retired or retiring Brits, this being due to rising equity which means property buyers have more money to spend say the experts. If the referendum vote turns out that the UK remains in the EU then it can be expected that there will be an increase…
Read MoreLack of affordability creating multigenerational households
According to Aviva’s recent inaugural ‘Home’ report focusing on the changing face of UK households, multigenerational households could be set to grow in popularity as property costs continue to rise. Newly released research from Aviva reveals the number of 21-34s living with parents increased by 32% that is more than half a million people since…
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