Posts by Allen Walkey
Rents in UK expected to continue to rise over next 5 years according to RICS
The latest RICS UK Residential Market Survey – July 2018 released today headlines ‘Rents to continue to rise, as supply of new property to let drops again’. The survey highlights the continued reduction of new property being put on the market in the lettings sector with 22% more respondents seeing a fall rather than rise…
Read MoreRobert Oulsnam and Company a 12 Branch Estate and Lettings Agent now listing with OnTheMarket
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Robert Oulsnam and Company, a 12 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. Founded in 1971, Robert Oulsnam and Company has 12 offices in the West Midlands, Worcestershire and south Birmingham. Andrew Oulsnam, Director, said:…
Read MoreEnergy efficient homes are good for tenants and good for landlords says RLA
Read latest news story from Residential Landlords Association (RLA) released 8th August 2018: ‘Greater Ambition Needed on Energy Efficiency of Rented Homes’. LANDLORDS are calling on the Government to be more ambitions when it comes to the energy efficiency of rented housing. Since April, all new or renewed private sector tenancies require properties to have…
Read MoreHouse prices picked up in July according to Halifax
Latest Halifax House Price Index report – July 2018 released today headlines ‘Annual House Price Growth Rises to 3.3% in July’. The Halifax report reveals house prices in the three months to July 2018 were 3.3% higher than in the same three months a year earlier. On a monthly basis, prices rose by 1.4% in…
Read MoreGovernment proposed model for 3 year tenancy with a 6 months break clause. (Consultation)
Open Consultation from the Ministry of Housing,Communities and Local Government published 2nd July 2018. The government is committed to increasing security for tenants in the private rented sector while balancing landlords’ needs to regain their properties when their circumstances change. This consultation invites view and comments on the benefits and barriers of landlords offering longer…
Read MoreLondon rental market prices fall over last year according to Your Move
Latest Your Move England and Wales Rental Tracker report – June 2018 data – July report headlines ‘London rental market continues to cool.’ The London rental market has continued to cool, with prices falling by 0.5% in the last 12 months, according to the Your Move Rental Tracker. The report reveals that across all regions,…
Read MoreRents have risen 60% faster than average wages across England according to new research by housing charity Shelter.
New research from Housing Charity Shelter reveals that rents have raced 60% faster than wages since 2011 across England and it shows this crisis is spilling out of cities and into leafy English market towns and suburbs like Tunbridge Wells, Sevenoaks and Milton Keynes. Research report ‘Rentquake’ hits middle England as rents race above wages…
Read MoreBank of England announces bank rate rise to 0.75%, highest since 2009
The Bank of England yesterday announced a bank rate rise to 0.75% which is the highest since 2009. The Bank of England’s Monetary Policy Committee (MPC) at its meeting 1st August 2018 voted unanimously 9-0 to increase base rate by 0.25% to 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade…
Read MoreBusiness confidence remains unchanged according to lLloyds Bank Business Barometer
Overall business confidence – an average of business prospects and economic optimism – remains unchanged at 29% in July, according to the latest Business Barometer from Lloyds Bank Commercial Banking. The report revealed that construction (48%) and manufacturing (38%) were the most confident sectors, while the weakest were transport & communication (28%) and other services…
Read MoreSlight uptick in annual house price growth according to Nationwide
Latest Nationwide House Price Index report – July 2018 released today headlines ‘July sees modest rebound in annual house price growth’. The report reveals that annual house price growth picks up to 2.5% and that prices rose 0.6% month-on-month. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said: “There was a slight uptick in…
Read MoreNumber of properties available to rent slowly rising according to ARLA Propertymark
Latest ARLA Propertymark Private Rented Sector Report – June 2018 headlined ‘Rising Rents Hit 10 Month High’. The report reveals that the number of tenants experiencing rent hikes rose to 35 per cent in June, up from 28 per cent in May, this is the highest level since August 2017 when the same 35 per…
Read MoreAnnual growth rate of mortgage lending was unchanged in June at 3.2% according to BOE
Bank of England (BoE) statistical news release – Money and Credit – June 2018 published today 30th July 2018. The annual growth rates of consumer credit and mortgage lending were unchanged in June, at 8.8% and 3.2% respectively according to BoE. Mortgage Lending from the news release. In June, the annual growth rate for mortgage…
Read MoreOver 85,000 sales received for registration in June 2018 according to HM Land Registry
Latest HM Land Registry Price Paid Data for June 2018 published in July 2018. June 2018 – Price Paid Data includes details of more than 85,000 sales of land and property in England and Wales that HM Land Registry received for registration in the month. Of the 85,493 sales received for registration in June 2018:…
Read MorePrivate rental prices paid by tenants in GB increased by 1% in year to June 2018 according to ONS
The latest Index of Private Housing Rental Prices, Great Britain – June 2018 released by Office for National Statistics (ONS) July 2018. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Private rental prices paid by tenants in Great Britain rose by 1.0% in the 12 months…
Read MoreOnTheMarket announces over 10,000 agent branches now contracted
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, today announces that, as of 24 July, it has signed listing agreements with UK estate and letting agents with more than 10,000 offices as momentum continues to build in support of the portal. The announcement states: This increase of over 4,500 branches since Admission…
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