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UK business continues its rapid top line growth says Purplebricks CEO Michael Bruce

Written by Allen Walkey on - Breaking News -

Purplebricks Group plc today released their interim results for the 6 months ended 31 October 2017. Group revenue up 150% to £46.8m. Impressive UK performance, raising average revenue per transaction 14%. Commenting on the results, Michael Bruce, Group CEO, said: “We have had a great first half, with strong trading, significant strategic progress and substantial […]

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Bank of England confirms an increase in new residential mortgage lending activity in Q3 2017 from the previous quarter.

Written by Allen Walkey on - Breaking News -

Statistical release from The Bank of England published 12th December 2017. Mortgage Lenders and Administrators Statistics – 2017 Q3 reveals: There has been an increase in new residential mortgage lending activity in Q3 2017 from the previous quarter. £70.9 billion of new residential loans was advanced to individuals during Q3 2017. This was a 13.0% […]

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Countrywide reveals London still the accidental Landlord capital of the country

Written by Allen Walkey on - Breaking News -

Latest Countrywide PLC Monthly Lettings Index report – Novemver 2017 headlines ‘Accidental landlords add 80,000 rented homes to the market’. In the report it states: The annual rate of rental growth picked up in November, with the cost of a new let across Great Britain rising 1.2% over the last 12 months or 1.6% outside […]

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London sees the lowest annual price rise.

Written by Allen Walkey on - Breaking News -

UK House Price Index for October 2017 from HM Land Registry published today.   The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. October 2017 data reveals: An annual price rise of 4.5%, which takes the average property value in the UK to £223,807. House prices have […]

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Numbers of new sales instructions jump 11% across the UK according to Home.co.uk

Written by Allen Walkey on - Breaking News -

Latest Home.co.uk Asking Price Index report December 2017 released today headlines ‘Sales Supply Jumps as Rental Supply Falls.’ The headline section leads: The number of new sales instructions has jumped by 11% across the UK while the supply of rental properties has fallen by 16% (Nov 2017 vs. Nov 2016). The report reveals that the […]

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2018: A tale of different markets leads to Rightmove forecast of +1%

Written by Amy Funston on - Breaking News -

  National average forecast of 1% growth in new seller asking prices in 2018 as the net result of upwards price pressures in some sectors and locations mitigated by negative price forces in others: Price growth in lower and middle sectors of the market set to continue in 2018, with Rightmove forecasting average growth of […]

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Housebuilder Berkeley Group announced a rise in pre tax profits

Written by Allen Walkey on - Breaking News -

Last Friday 8th December 2017 The Berkeley Group Holdings plc announced its unaudited interim results for the six months ended 31 October 2017.  The company posted a 36% rise in their pre-tax profits to £533.3m in the six months to 31 October,  also revenue grew 14% to £1.6bn. The housebuilder upgraded its long-term forecast off […]

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Key conference brings experts together to speed up house building

Written by Estate Agent Networking UK on - Breaking News -

Housing and Planning experts from the Essex Developers Group (EDG) and the South Essex Housing Group discussed how to fix the UK’s ‘broken market’ at a special conference. Developers, contractors, consultants, local housing companies, housing associations, Essex County Council and district and unitary authorities, descended on Orsett Hall in Thurrock, on 21 November, for the […]

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Demand for new homes remains strong according to NHBC

Written by Allen Walkey on - Breaking News -

The latest new home registration statistical report from NHBC reveals new home registrations continue to increase on 2016 levels. The report states: More than 13,500 new homes were registered to be built in October, according to NHBC’s latest new home registration statistics, an increase of 12% compared to a year ago. 13,583 new homes (10,455 […]

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UK house prices increase for the fourth consecutive quarter according to Halifax

Written by Allen Walkey on - Breaking News -

Latest Halifax House Price Index report – November 2017 released today headlines ‘Annual House Price Growth Eases to 3.9%’ The report reveals house prices in the three months to November 2017 were 2.4% higher than in the three months to August 2017. House prices rose by 0.5% between October and November, following a 0.3% increase […]

 

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