Posts by Allen Walkey
Major expansion of shared ownership
David Cameron will today 7th December deliver keynote speech in which he will announce plans for the expansion of shared ownership, opening the door to 175,000 aspiring homeowners, he will reiterate how the government is getting on with the job and delivering on its manifesto commitments to provide real security and opportunity at every stage…
Read MoreStorm Desmond hits Cumbria
The weekend news for the UK has certainly been dominated by the affects of Storm Desmond, Cumbria appears to have come out the worse with torrential rain and rivers bursting their banks, a number of public events were cancelled across East lancashire due to the affects of flooding, heavy rainfall and strong winds prompted the…
Read MoreContinued upward pressure on house prices
The substantial imbalance between supply and demand when it comes to purchasing a home is very likely to persist into 2016 according to the Halifax. This imbalance in itself is the most important factor that maintains the upward pressure on UK prices which are looking expensive compared to incomes. Halifax’s housing economist, Martin Ellis, reportedly…
Read MoreHousing supply is affected by immigration
According to recent official figures from the Government, net immigration will lead to the creation of 95,000 new households a year, if we go with the forecast of 200,000 new homes to be created per year for the next 5 years then half of such homes will be needed to cope with the influx of…
Read MoreLondon homes require highest average deposit.
It is really no surprise to learn that the average London Property requires the largest deposit from buyers as a down payment to go with their mortgage in the UK. According to new figures released by Mortgage Broker Today, deposits in London rose 5% in October compared with September. Buyers now need on average £179,248…
Read MoreRise in numbers for affordable housebuilding.
The latest figures from the Department of Communities and Local Government released yesterday show 66,640 new affordable homes were delivered in the last year, this is the highest increase in affordable housebuilding in 22 years. Numbers of new affordable and social rented homes up by nearly two-thirds in the last 12 months and over 270,000…
Read MoreTransformational year for Zoopla
Transformational year for Zoopla with record revenue and profits. Zoopla Property Group Plc, the digital media and lead generation platform that owns and operates some of the UK’s leading online consumer brands including Zoopla, uSwitch and PrimeLocation announces its full year results for the year ended 30 September 2015. Business highlights. Revenue increase of 34%…
Read MoreAll year round property market
In a recent article coming from National Estate Agent Strutt and Parker they report that property at all price levels is going under offer, they say that is clear evidence that quality buyers are out there and that they want to buy. Viewings are higher than expected for the time of year with unusually high…
Read MoreHousing Market Bulletin for November
The Homes and Communities Agency yesterday released their Housing Market Bulletin for November. In summary they reported the following: House prices: Steady national average price increases disguise shifting regional trends. Average rises in the southern regions remain strongest but have eased, whilst growth has returned to all other regions’ average price levels. Housing market: The…
Read MoreNew Housing Development with football connection
Newlon Housing Trust in partnership with Tottenham Hotspur FC, completed the first high-quality affordable housing scheme in the regeneration of north Tottenham at Cannon Road. The development is built on the site of the former Cannon Rubber factory, it includes 222 affordable new homes by way of the 22 storey Rivers appartments and an additional…
Read MoreRecord high for UK house prices
According to figures recently released from Haart average UK house prices have experienced the steepest annual rise on record with a 10.5% growth from October 2014. Over the last year the supply of new properties had fallen by 10.1%, roughly 12 buyers are chasing each property on the market, Haart stated new buyer registrations had…
Read MoreTax fraud by greedy landlords
While I was checking through the weekend news I was drawn to an article in the EveningStandard online, it was one of those reoccurring tax fraud cases involving greedy people who choose to defraud the system to finance their wealthy lifestyle at the expense of the majority who are in the main contributors to our…
Read MoreNationwide November HPI
Nationwide House Price Index report for November. House prices increased by 0.1% in November up 0.5% from October. Annual house price growth softened to 3.7% from 3.9% in October. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: UK house prices edged up by 0.1% in November, though the annual pace of price growth…
Read MoreMassive housing boost from Persimmon
The Chancellor of the Exchequer George Osborne welcomes the massive housing boost from Persimmon, they have announced to build over 80,000 homes and create 1000 jobs over the next five years. The 1,000 new employees will join Persimmon’s existing 4,500-strong workforce, which in the past year has included 200 young apprentices. The company started work…
Read MoreWaterfords reaction to Autumn Statement
Waterfords reacts to key announcements on housing from the Autumn Statement As chancellor George Osborne’s Autumn Statement unveils the “biggest house-building plan of any Government since the 1970s”, estate agents, Waterfords, says the market needs more short-term solutions, as well as those that build for the future. Is response to news that investors in property…
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