Posts by Allen Walkey
Is PurpleBricks valued too high?
PurpleBricks a new generation “online estate Agent” made headlines in December last year when they started trading on the London AIM (Alternative Investment Market) at a market capitalisation of £240.3 million. The share price as of today puts a value on the company of around £400million, to put that into perspective Foxtons have a market…
Read MoreThe ESTAS AWARDS 2016
The ESTAS Awards 2016 take place this Friday April 16th at the Grovenor House Hotel London. Each April an audience of some 1,000 guests gathers at the Grosvenor House Hotel in London to watch the annual ESTAS Ceremony, the ESTAS highlight the great service provided by different firms involved in the residential property sector. The…
Read MoreUBS… Zoopla downgraded
According to London ShareCast News – UBS has downgraded Zoopla to a ‘neutral’ recommendation from ‘buy’ due to continued competetive pressures from rival OnTheMarket, but left Rightmove at ‘buy’. UBS said its Evidence Lab research team had unearthed data on the UK property portal marketplace that indicated estate agency collective OnTheMarket had continued its momentum…
Read MoreHousing Market Bulletin March 2016
The Housing Market Bulletin March 2016 published yesterday by the Homes and Communities Agency. House prices: The trend for average house price change continues to be steady growth. All English regions are now seeing growth, albeit relatively slowly in the North and strongly in the South East, the East and in London. Housing market: The…
Read MoreHalifax HPI March 2016
Halifax house Price Index (HPI) for March 2016 released today announces house prices in the three months to March 2016 were 2.9% higher than in the three months to December 2015 annual house price growth edges up to 10.1%. Commenting, Martin Ellis, Halifax housing economist, said: “House prices in the first three months of 2016…
Read MoreMerger of three London Housing Associations
Three London housing associations L&Q, The Hyde Group and East Thames have entered into talks for a merger, in a bid to create one of the country’s largest housebuilders. They are expected to be able to build 100,000 new homes across London and the south east over the next 10 years, an investment of £25bn over the…
Read MoreBuying cheaper than renting.
An interesting article appeared on the Zoopla website yesterday with the headlines ‘Buying cheaper than renting in nearly half of Britain”s major cities’, with Glasgow, Coventry and Birmingham topping the list of places where buying beats renting. Zoopla’s Lawrence Hall explained: “On top of the enjoyment that can come with owning your property, buyers may…
Read MoreBullying by Landlords in Glasgow.
Local news in Glasgow is highlighting new research by Citizens Advice Scotland (CAS) that Glasgow landlords are “bullying” tenants and failing to carry out basic repairs. Citizens Advice Scotland said it received more than 6,000 complaints last year, with évidence of multiple cases of landlords failing to meet their legal responsibilities, many tenants are living…
Read MoreSouth East expected to outperfom London
House prices in the UK are expected to grow more slowly in the second-half of 2016 according to predictions by the Centre for Economics and Business Research (CEBR), however house prices in the South East are expected grow faster than London as more homebuyers are driven out of the city by an increasingly expensive housing…
Read More0.5% bank rate expected to remain until 2017
According to a Reuters poll The Bank of England (BoE) will leave British interest rates at a record low until early 2017, this is mainly down to stuttering global growth and off target inflation. The 0.5% bank rate has now not changed over the last 7 years and it is now expected according to the…
Read MoreSettled launches second funding round
The online property platform Settled, which launched last year, is now looking for an additional £1m in investment from funds or venture companies to invest in marketing the business and improving its platform. Settled was launched by brother and sister team Gemma and Paul Young, the aim was to connect buyers and sellers who would take control of…
Read MoreHSBC online video meeting pilot scheme
It was reported in The Express yesterday that the HSBC is set to offer online video meetings with mortgage advisors. A trial is presently being carried out by the bank in 40 branches that do not have advisors based there, it will allow customers to have their mortgage interview in their local branch which means…
Read MoreTurnout will be decider in EU referendum
As we get closer to the EU referendum date of June 23rd peoples perception as to how the outcome will be is starting to change, the Remain and Leave sides are at 35% each with 30% undecided, according to TNS UK. Luke Taylor, head of social and political attitudes at TNS UK, reportedly said, “A…
Read MoreNationwide HPI March
In their House Price Index (HPI) report released today Nationwide states that house price growth accelerted in March. The North – South divide continues to widen UK annual house price growth increased to 5.7% in March up from the month earlier at 4.8%, the monthly change showed an increase of 0.8% up from 0.4%…
Read MoreStamp duty changes apply from today
The new rate of stamp duty on buy-to-let property and second homes comes into force today 1st April. There are exemptions however to this change in property tax, buying a property for less than £40,000, caravan or houseboat will not be included. Home movers who buy their next property before selling the one they are…
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