Posts by Allen Walkey
Confidence high amongst home-owners says Rightmove
Research from Rightmove shows home-owners are in a confident mood and largely unfazed by the risk of higher interest rates in 2016, sellers who come to market in the run-up to Christmas typically set lower asking prices as buyers are harder to attract at this time of year. Rightmove noted this November’s price-dip of 1.3%…
Read MoreHuge interest in Right-to-Buy
Thousands of households across the country are signing up their interest for the Right to Buy, according to latest government figures. Communities Secretary Greg Clark says this shows the huge interest in the initiative, which allows families in social housing the Right to Buy their property with more than 5,000 coming forward in the first…
Read MoreNorth – South divide.
According to analysis by My Home Move, the UK’s leading provider of mover conveyancing services, it show that homes change hands more often in the south as they do in the north, every 16 years in the South East, compared to every 22 years in the North East. Shorter periods between new owners is seen…
Read MoreSale of Northern Rock mortgages.
Chancellor George Osborne has authorised a record-breaking £13 billion sale of mortgages acquired from the Northern Rock by the government during the financial crisis, this is the largest ever financial asset sale by a government in Europe. The mortgages, which were originally owned by Northern Rock are being sold by UK Asset Resolution (UKAR) to…
Read MorePurplebricks.com to float on stockmarket.
In a news item late yesterday Sky News announced that it has learnt that Purplebricks, the online estate agent has informed shareholders in recent days that it wants to float on the stock market as soon as the first week of December. Backed by the City’s leading fund manager Neil Woodford, this would give the…
Read MoreSupply of New Homes increases
A Housing statistical release yesterday from the The Department of Communities and Local Goverment gave figures on net supply of housing for 2014-15. Annual housing supply in England amounted to 170,690 net additional dwellings in 2014-15, a 25% in net additional dwellings from 2013-14. The 170,690 net additions figure for 2014-15 comprised 155,080 new build…
Read MoreAldermore reports residential mortgage growth
Aldermore group posted their 3rd quarter results yesterday. Aldermore Group has seen residential mortgages increase by 22 per cent to £3.1bn, compared with £2.6bn at the end of last year, putting it on track to deliver targeted 2015 net loan growth of circa £1.4bn. On track to deliver targeted 2015 net loan growth of c£1.4bn…
Read MoreMortgage approvals improve in third quarter
According to the Council of Mortgage Lenders in their press release yesterday there was a reported pick up in mortgage approvals in the third quarter First-time buyers saw month-on-month and year-on-year increases in activity by volume and by value in September. Home mover lending by contrast saw a dip in September compared to August, but grew by volume and…
Read MoreHouse prices rise for third consecutive month
The latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) found that in October house prices have risen across all parts of the UK for the third consecutive month and that they are expected to rise by 4.5% per annum, over the next five years . East Anglia has consistently seen…
Read MoreBarrat Developments Trading Update
Barratt Developments PLC Trading Update is for the period from 1 July to 8 November 2015. Market conditions remain strong, with the Group trading well since the start of the new financial year. There is good consumer demand for our homes across the country, supported by a positive economic backdrop. With demand outpacing supply, we…
Read MoreWeak oil price affects Aberdeen Property market
The weak oil price is affecting high end property prices in the north east of Scotland, also the buy-to-let property market in and around Aberdeen, reports suggest that the oil price is likely to remain low over the next five years because of plentiful supply and falling demand. In a report appearing in Energy Voice, …
Read MoreNuisance neighbours.
According to a new study by Churchill Home Insurance only 40% of estate agents ask sellers to reveal any issues they may have with their neighbours, 10% of estate agents just rely solely on the purchasers’ solicitor or conveyancer to investigate any existing issues they may have. It is a legal requirement to disclose any disputes…
Read MoreTenants renting their homes for long term.
The latest findings from the HomeLet Rental Index reveal that over the three months to October the cost of a tenancy outside of London rose by 3.5 per cent when compared to last year. Whilst this level of growth for new tenancies continues to outstrip the rate of inflation, this is much lower than the…
Read MoreNAEA National London Forum 2016
The NAEA National London Forum will be held on 23 February at the Lancaster Hotel. Now in its fourth year, the forum promises to be the must attend event of 2016, for all who work within the ever growing estate agent industry in the UK. It is an essential date for the diary as it…
Read MoreTwo category awards for Waterfords.
Waterfords wins ‘South East Agency’ and ‘Community Champion’ of the Year On Tuesday 3rd November, local estate agent Waterfords had an exceptional night at The Negotiator Awards, the largest event in the property industry calendar. They walked away winners of two categories, ‘South East Agency of the Year’ and ‘Community Champion of the Year’. Over…
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