Posts by Allen Walkey
Help to Buy (Scotland)
The Cabinet Secretary for Social Justice, Communities and Pensioners’ Rights, Mr Neil, launched the Help to Buy (Scotland) Affordable New Build and Help to Buy(Scotland) Smaller Developer schemes on 21st January 2016, the three-year, £195 million scheme will include over £58 million for increased support for purchases from small developers. New funding of around £160m…
Read MoreCash boost to help tackle rogue landlords
In a press release from the Department of Communities and Local Government and Brandon Lewis from last friday, it was announced a cash boost for councils to tackle rogue landlords. Councils across the country are to receive a £5 million cash boost to tackle rogue landlords in their area, forty-eight councils will share the funding…
Read MorePressure on House prices and Rents continues.
According to a report by Your Move and Reeds Rains tenants faced the fastest rise in monthly rent bills since 2011 last year, in their monthly index it showed that rents grew by 3.4% during the year, rising £27 on December 2014 to an average £794 per month, also the percentage of all unpaid rent had…
Read MoreDecember house price growth accelerates
According to the Hometrack December UK Cities House Price Index, City level house price growth accelerates to 15 month high on unseasonally strong market activity. City level house price inflation was showing at 11.4%, that was up from 8.9% a year earlier. House price growth across UK cities continues to accelerate on rising demand, both…
Read MoreContinued crackdown on “Rogue Landlords”
Bradford Council has been granted £45,000 by the Department of Communities of Local Government (DCLG) according to a report in the Telegraph and Argus, to continue with its campaign to crackdown on Rogue Landlords offering below standard accommodation (slums), mainly flats above shops and businesses such as takeaways, In a previous report in the Telegraph…
Read MoreRecovery in housing market in Europe.
Spain, Portugal and Ireland seem to be leading the recovery in the European Property market according to a recent report from the RICS (Europe) that explored the recent improvment in conditions and new trends for this market for 2016 and beyond. Attention by International Investors on the back of the relatively strong recovery in all…
Read MoreHousing shortages and high rents.
Zac Goldsmith the Conservative London mayoral candidate has reportedly said London needs to see housebuilding at a level last seen in the 1930s, he claims that the current housing shortage is a “social crisis.” He has vowed to double house-building in the capital, pledging to ensure homes are built at a rate of 50,000 a…
Read MoreInterest rates to remain low
Governor of The bank of England Mark Carney has made assurances that now is not the time to be raising interest rates, saying that rates are unlikely to increase from their record low any time soon. This news comes on the back of falling oil prices and the news yesterday that China’s economic growth is…
Read MoreIncreasing number of online Estate Agents.
Another day, another online estate agent, it feels like that sometimes with new ones entering the market on a regular basis recently, Yopla is the most recent to appear or is it? did another one launch this morning? The resilient UK property market is fuelling the growth of the online estate agent, the highly competitive…
Read MoreTougher times for landlords needing mortgages
Buy-to-let landlords will not find it so easy getting a mortgage for their investment in 2016, in the coming months the Treasury is expected to hand over greater powers to the Bank of England when it comes to regulating the buy-to-let mortgage sector. The buy-to let sector has been increasing year on year in recent…
Read MoreGood news for first-time-buyers.
Rightmove reports today that there is surprisingly good new for first time buyers with prices coming to a standstill and more “fresh” property choice. Fist time buyers saw a 6% year-on-year jump in newly marketed-properties in their favoured market sector, prices have hardly risen suggesting the impending stamp duty levy could be having a calming…
Read MoreRightmove forecasts 6% rise for 2016
The Rightmove House price Index showed the lowest December dip (-1.1%) since 2006 in price of property coming to market, the 2015 annual rate up from 6.2% to 7.4% Rightmove 2016 forecast is that new seller asking prices to rise by 6%. Increasingly stretched affordability and extra stamp duty on buy-to-let sector will be outweighed…
Read MoreSkills shortages affecting construction industry growth.
Government targets to build 100,000 new homes a year during the period they are in office could be put at risk due to a skills shortage in the construction industry, which in turn would see rises in wages in the sector. New research by the Royal Institution of Chartered Surveyors (RICS) has revealed a lack…
Read MoreHouse purchase lending up year on year last November.
According to a recent report by the Council of Mortgage Lenders (CML) house purchase lending was up 18% year on year last November. Home-owner house purchase lending totalled £10.7bn in November, down 9% on October but up 18% on November 2014. First-time buyers borrowed £4.2bn for home-owner house purchase, down 9% on October but up 14%…
Read MoreEuropean property after the referendum
Is 2016 the year that Brits make that step to buy that property abroad, like most financial committments there is a good time to buy and a not so good time to buy. Anyone looking to buy in Europe would be now buying into a flat property market with the exchange rate well in their…
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