Posts by Allen Walkey
Canary Wharf office space in demand.
According to a report from Knight Frank, Canary Wharf will record the strongest office rental growth this year with a 12.8 per cent rise in rents, those attractive and imposing office towers lagged slightly behind other districts last year. Rents are becoming increasingly unaffordable for small to medium-sized firms in London’s popular east end and on …
Read MoreInterest rates to continue at low levels
Last month Mark Carney, Governor of the Bank of England said the global financial backdrop was ‘unforgiving’ as he insisted that ‘now is not yet the time’ to raise interest rates in the UK. As it publishes new economic forecasts with concern growing about a new global slowdown and an unsettling referendum on Britain’s place…
Read MoreHousing Market Bulletin January 2016
The housing market bulletin for January 2016 provided by The Homes and Communities Agency is a report re the latest information on the housing market, the economy and the housebuilding industry in England. House prices: Average house price growth has now returned to all English regions, but prices continue to rise most rapidly in…
Read MoreLegal challenge to government over buy-to-let tax
According to a recent article in The Telegraph, Cherie Blair the wife of the former Labour MP and UK Prime Minister Tony Blair is mounting a challenge to the government’s proposed buy-to-let tax. Cherie Blair QC has reportedly launched a legal battle against the Government’s flagship policy to increase taxes on buy-to-let investments, claiming it…
Read MoreRight to Rent – Landlord’s code of practice
Guidance for landlords, homeowners and letting agents affected by the introduction of right to rent immigration checks as updated 1st February 2016. Code of practice on illegal immigrants and private rented accommodation. This is the second version of this code, and it will apply with effect from 1 February 2016. The earlier version of this…
Read MoreNew Property website for Dubai and India.
Dubai-based Riveria Global Group has launched a new website 3villaz.com which focuses on properties from Dubai and India, the group has been involved in the real estate business in Dubai and Mumbai for more than a decade. The website offers the facility of sellers posting their own properties for sale or rent, search and comparison…
Read MoreAnother new rule for Landlords in Wales
New rules coming into effect in Wales from the end of February will mean landlords will require planning permission to convert a house from use as a single household to a shared rental property of 3 to 6 unrelated people, commonly known as Homes for Multiple Occupancy (HMO) Landlords will need to pay a fee…
Read MoreUK housing market not affected by concerns on economy.
The Chancellor of the Exchequer, George Osborne has announced the postponement of the sale of the final stake in Lloyds Banking Group held by the government, he blames global turmoil in the markets and sluggish growth, the UK economy reported growth at the end of 2015 but fears of a global slowdown have seen optimism…
Read MoreSome landlords still holding unprotected deposits.
According to a survey carried out by Centre for Economics and Business Research (CEBR) on behalf of comparison website money.co.uk it states some UK landlords are still not complying with deposit protection rules, the research revealed that figure to be 284,000 of Britain’s 1.9m landlords. These landlords who fail to protect the deposit are leaving…
Read MoreBTL adds to UK property price growth
Some would say that the UK property boom is now bigger than that of the US in 2007 and we all know what happened there, the bubble burst. Mark Carney, Governor of the Bank of England reiterated his concerns about the growth of the Buy-to-Let (BTL) mortgage when speaking to a panel of MP’s on…
Read MoreJanuary house price growth steady according to Nationwide.
The Nationwide House Price index for January shows that House prices increased by 0.3%, that is down from 0.8% in December. Annual house price growth was broadly stable at 4.4% down only slightly from 4.5% previous annual change. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The pace of UK house price…
Read MorePurplebricks in the headlines.
The share price of Purplebricks increased yesterday on the back of the announcement of their interim results and also being named in Bloomberg’s inaugural Business Innovator’s List. Michael Bruce, CEO and Founder of Purplebricks, commented: “We are delighted to have been recognised by Bloomberg as an Innovator in the real estate industry. “Our compelling proposition…
Read MorePurplebricks Group announces interim results.
Purplebricks announces its Interim results for the six months ended 31 October 2015. Commenting on the results, Michael Bruce, Chief Executive, said: “We have made great progress across the business in the last six months, culminating in our listing on the AIM market in December. The money raised will be used to deepen our national…
Read MoreRight to Buy pilot scheme starts.
As of yesterday Housing Association Tenants will be able to take their first step to owning their own home under government plans to extend Right to Buy according to the press release from the Department for Communities and Local Government. They will be the first in the country to be able apply to the new…
Read MoreFurther benefit cuts for the most vulnerable.
It has been claimed that thousands of vulnerable social housing tenants in Britain may lose the residential support services because of government’s benefit cuts which are coming into effect in April. The National Housing Federation, with the backing of Age UK, Mencap and Women’s Aid, is calling on government to confirm that this new cap…
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