Posts by Allen Walkey
Belgravia luxury homes price drop
The median selling price of luxury homes in the London postcode of SW1 which includes Belgravia have fallen by more than 20% in the year up to November 2015 as rising taxes start to bite. According to analysis by Bloomberg of Land Registry data, the London postcode SW1 has seen the the biggest slump in…
Read MoreCalls for rogue tenant blacklist
Landlord Action the tenant eviction specialist is calling for a list to be drawn up similar to that drawn up by the government for persistent rogue landlords and letting agents, it is currently suggested the blacklist of rogue landlords and agents would be available to local authorities and central government, enabling them to keep track…
Read MoreHousing Zone Funding
The Department for Communities and Local Government and Brandon Lewis announced yesterday by press release on the Gov.UK website: Housing Zones will see councils working in partnership with private developers to deliver thousands of new homes on brownfield land. Housing Zones around the country are receiving funding that will kick-start work to build tens of…
Read MoreCBRE strikes deal with Virtual Walkthrough
Real estate firm CBRE is attempting to speed up the “sales cycle” in the commercial property market by supporting landlord clients and prospective occupiers and investors with an experience that will deliver 360-degree virtual tours of offices. CBRE has struck an exclusive deal with Virtual Walkthrough to deliver interactive office tours to investors, this means…
Read MoreGovernment “declares war” on Landlords
In his New Year Message David Smith the Policy Director for the Residential Landlords Association speaks about the attack on Landlords by the Government during 2015, he says that it is no exaggeration to say last year turned into an annus horribilis for the residential landlord. He pointed out that The Residential Landlords Association’s job…
Read MoreHomes to be built at a faster rate.
David Cameron announces plans to directly commission the building of more than 10,000 new homes, it is expected that homes will be built at a faster rate, smaller building firms will build on government sites with planning permission already in place. The plan will be backed by an extra £1.2bn to prepare brownfield sites for…
Read MoreLand Registry house price data for November
The November house price data released at the end of December shows an annual price increase of 5.6 per cent which takes the average property value in England and Wales to £186,325. Monthly house prices are up 0.4 per cent since October 2015. The number of property transactions has decreased over the last year. From…
Read MoreStorms Eva and Frank
David Cameron pledges a £40m package to fix Britain’s flood defences in areas devastated by storms before and over Chrsitmas, he made this committment following his personal visit to see the damage caused by the storms, Lib Dem leader Tim Farron and shadow environment secretary Kerry McCarthy both criticised the pledge as too little too late.…
Read MoreA quick look back over 2015
As 2015 comes to an end I thought it might be interesting to just look back at some items of news that stood out during the year for those of us involved in the Property Industry, if anyone has anymore to add please do so in the reply section. Month by month 2015 January. Analysts…
Read MoreHouse prices have risen substantially in London.
According to the most recent report from the London Housing Commission house prices in London have risen to 10 times the average wage this year. House prices are now nearly 45% higher than before the financial crisis and an average deposit in the capital costs over £70,000, rents across the capital have also exploded upwards,…
Read MoreNationwide House Price Index for December
The Nationwide House Price Index published today for December. UK annual house price growth increased to 4.5% in December from 3.7% for the previous month. London house price growth increased to 12.2% in Q4. UK house prices increased by 0.8% in December up from 0.15 in November. Commenting on the figures, Robert Gardner,…
Read MoreExpectations for the housing market 2016
As far back as I can remember us Brits have been overley obsessed with house prices, probably started when Margaret Thather came to power back in the late 70’s. As we get close to the end of 2015 nothing has changed, property prices are again hitting what many see as unsustainable highs, this time the…
Read More25% rise in mortgage approvals in November
The number of UK mortgage approvals in November rose 25% to 76,295 compared to a year ago, according to the British Bankers’ Association last thursday. A 20% increase in loans for house purchases was seen, a figure of 44,960 was recorded, this was below the estimates of 46,000, remortgaging surged 31% last month to 23,446…
Read MoreFewer young people own their own home.
According to data obtained by Labour it reports that the percentage of young people in the UK who own their own home is at its joint lowest level since 1996, suggesting that only 44.9% of 20 to 30-year-olds are homeowners Predictions for next year expect property price growth to continue and to outpace wages in…
Read MoreOpposition to tax relief changes for landlords.
It was announced this year by George Osborne that from 2017 the tax relief at 40% or 45% presently enjoyed by landlords on their mortgages on buy-to-let property will be cut to a flat rate of 20%. This has been seen as unfair by some in the industry, a recent report in The Guardian reports…
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