Posts by Allen Walkey
New regulations Re: Holiday Rentals in Spain
Following years of debate, the Junta de Andalucía (the regional government of Spain) has finally passed Decree 28/2016, this relates to properties that are rented out as tourist accommodation across the region. New regulations will be introduced for property that is used for tourist property rental, owners will be required to register and meet various…
Read MoreTurn round in Home Ownership
According to a press release yesterday from the Department for Communities and Local Government and Brandon Lewis. Figures have shown the success of government initiatives to give hard-working families across the country the chance to realise their ambition of home ownership. New figures show that more than a decade-long decline, starting in 2003, in the…
Read MoreMore rent than pay a mortgage in london
New figures just out show that renters in the capital outnumber homeowners for the first time in a more than a decade, government data released yesterday shows that last year 898,000 London households were occupied by private renters. The figures, which provide data from as far back as 2005, show that a decade ago just…
Read MoreGross lending up year on year.
The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £17.9 billion in January. This is 9% lower than December’s lending total of £19.8 billion, but 21% higher than the £14.8 billion lent in January last year. CML economist Mohammad Jamei reportedly said: “Lending started the year on a positive note. Our monthly…
Read MoreBrexit Meeting.
The Prime Minister David Cameron heads for Brussels today for a crunch summit of European leaders, the outcome of this meeting will very much decide the next action to be taken regarding the referendum to decide whether Britain remains a member of the EU. European Council president Donald Tusk has also warned there was “no…
Read More(ONS) House Price Index December 2015
The Office for National Statistics (ONS) – House Price Index (HPI) released February 2016. Main findings- UK house prices increased by 6.7% in the year to December 2015, down from 7.7% in the year to November 2015. House price annual inflation was 7.3% in England, 1.0% in Wales, -0.2% in Scotland and 1.5% in Northern…
Read MoreZoopla invests in Leading UK Proptech Start-Ups
Zoopla Property Group Plc (ZPG) the digital media and lead generation platform which owns some of the UK’s leading home-related consumer brands including Zoopla, uSwitch and Primelocation, announced yesterday that it has invested in and agreed long term strategic partnerships with four of the UK’s most-promising and innovative property technology start-up companies. £1m invested across…
Read MoreThe Crossrail Effect
New data focused on property close to the Crossrail terminals in London shows that demand has more than doubled in the last year. It is expected that Crossrail services will commence on the central section by late 2018, In all Crossrail will be connecting 40 stations and it is projected that around 200 million passengers will…
Read MoreFewer conveyancing firms in 2015
According to Search Acumen the total number of active conveyancing firms dropped by 9% in 2015, that equates to more than 500 firms. Conveyancing firms recorded an average of 192 transactions in 2015, compared to 175 transactions in 2014, the increase came despite the overall conveyancing market remaining flat with 1,030,023 transactions in total during…
Read MoreSurge in new homes built and bought.
Help to buy creates surge in new homes built and bought according to Press release yesterday from the Department of Communities and Local Government and Brandon Lewis MP. New research has found 43% additional new homes built as a direct result of Help to Buy equity loan. Key points are: 82% of buyers would not…
Read MoreRightmove HPI February
The Rightmove House Price Index February 2016 Prices and demand at all – time highs as Year of the First-Time Buyer kicks in. Price of property coming to market increases by a substantial 2.9% (+£8,324) this month, hitting a new record of £299,287 and surpassing the record set in October 2015 by over £2,700 Housing…
Read MoreRepossessions fell in 2015
Figures from mortgage lenders show that the number of homes repossessed fell to an 11 year low in 2015. Across the UK 10,200 repossessions were recorded in 2015, almost half the 20,900 cases recorded in 2014, that is according to the Council of Mortgage Lenders (CML). They reportedly pointed out that a court case which…
Read MoreNew head office for Zoopla Property Group
Zoopla Property Group (ZPG), the digital media business that owns and operates some of the UK’s most widely recognised and trusted online brands including Zoopla, uSwitch and PrimeLocation announced this week that it has agreed a lease for its new head offices at 1 Courage Yard, Shad Thames SE1, adjacent to Tower Bridge. Since…
Read MoreAlarmingly high cost of renting for First-time-Buyers
The average First-time-buyer will have spent nearly £53,000 on rent in their lifetime before they have saved enough to buy a home, in London that figure rises to almost £70,000, according to new research. According to the Association of Residential Letting Agents (ARLA) in its Cost of Renting report, the average first-time buyer will have…
Read MoreCommercial Property Investment in Europe
The latest RICS Global Commercial Property Monitor shows exceptional investment market conditions in Germany and Spain, where investors’ expects strong returns in both prime and secondary assets over the next twelve months. Investment activity is improving markedly in several cities within the euro area, particularly in Madrid, Amsterdam and Berlin, where demand from domestic and…
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