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Rents in South West grow faster than elsewhere in England and Wales according to Your Move

Written by Allen Walkey on - Breaking News -

Latest Your Move – England and Wales Rental Tracker – April 2018 data – May 2018 report headlines ‘South West sees fastest rising rents’. The report reveals: South West rents up 3% in a year, London still remains most expensive place to rent. Average property in capital let for £1,275 a month, well above England […]

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Number of homes available for private rent falls in England

Written by Allen Walkey on - Breaking News -

Private sector tenants face being squeezed as the number of homes to rent falls says the RLA in a recent press release 24th May 2018. The RLA states: According to data published today, the number of homes for private rent in England fell by 46,000 between March 2016 and March 2017. This was the first […]

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Record Performance and Growth reported by ZPG

Written by Allen Walkey on - Breaking News -

ZPG released on 23rd May 2018 their half-year results for the six months ended 31 March 2018. Business highlights Revenue up by 33% to £156.9 million and Adjusted EBITDA up by 41% to £63.4 million Like-for-like (Like-for-like growth includes a full six months trading from all acquisitions in both periods) revenue and Adjusted EBITDA increased […]

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UK house prices grew by 4.2% in the year to March 2018

Written by Allen Walkey on - Breaking News -

UK House Price Index – March 2018  published yesterday 23rd May 2018 from HM Land Registry. In England, the March data shows on average, house prices have fallen by 0.3% since February 2018. The annual price rise of 4% takes the average property value to £240,949. Wales shows, on average, house prices have fallen by […]

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First-time buyers will pay twice as much to buy a home in London compared to elsewhere in UK

Written by Allen Walkey on - Breaking News -

New research from Lloyds Bank reveals it now costs twice as much for first-time buyers to buy a home in London compared to anywhere else in the UK (£420,132 vs £210,515). During the past five years, the average price of a property bought by a first-time buyer in London has risen by 64%, from £255,794 […]

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Property prices up in Wales but transactions slump overall in England and Wales.

Written by Allen Walkey on - Breaking News -

The latest LSL Property Services/Acadata England and Wales House Price Index report – April 2018 released 21st May 2018 headlined ‘Prices in Wales surge 4.8% as buyers rush to beat new Land Transaction Tax.’ Prices are down for the third month in a row, and the annual rate of growth has now fallen for almost […]

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Asking prices hit all-time high but number of sales agreed are down according to Rightmove

Written by Allen Walkey on - Breaking News -

The latest House Price Index May 2018 from Rightmove reveals that the asking price of property coming to the market has hit a new national record with a monthly increase of 0.8% (+£2,343) pushing the average up to £308,075. Seven out of 11 regions have hit new price records this month. Record visits to Rightmove […]

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Ground laid for a comparatively strong second half performance says Hunters.

Written by Allen Walkey on - Breaking News -

Hunters one of the UK’s largest franchised sales and lettings agency businesses, issued an AGM Statement and Trading Update for the first four months of the year, ahead of its Annual General Meeting held Friday 18th May 2018. The Chairman, Kevin Hollinrake,  made the following statement: “So far this year we have signed nine new […]

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Demand for The Property Ombudsman (TPO) services continues to rise

Written by Estate Agent Networking UK on - Breaking News -

The Property Ombudsman (TPO) has today released its 2017 annual report. Property Ombudsman Katrine Sporle confirms the number of complaints received rose by 3% to 3,658.  TPO made financial awards to consumers in 2,408 instances which totalled £1.36 million, an increase of 11% on the previous year. The report reveals the top causes of sales […]

 

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