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Transactions in 2018 at their lowest in 5 years according to LSL Property Services/Acadata HPI report

Written by Allen Walkey on - Breaking News -

Latest LSL Property Services/Acadata England and Wales House Price Index report – August 2018 released September 2018 reveals that house price growth remains at 1.8% for third consecutive month. The average home in England and Wales is now worth £303,199, up £5300 on the previous year according to the HPI report. The report reveals that […]

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Rents outside London continue to rise according to Hamptons International

Written by Allen Walkey on - Breaking News -

Latest Hamptons International Monthly Lettings Index report – August 2018 reveals that London rents on newly let homes (i.e. homes advertised on the open market to let) fell for the third consecutive month, down -0.8% year-on-year, however rents on newly let homes in Great Britain excluding London, rose 2.0% year-on-year. Rents on those properties where […]

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Average rents across the UK rose by 0.9% in August according to Homelet

Written by Allen Walkey on - Breaking News -

Latest Homelet Rental Index report – August 2018 reveals that average rents across the UK rose by 0.9% in August 2018 when compared to the same month a year previously. The average monthly rent is now £947 according to Homelet, however they state: when London is excluded, the average UK rental value was £786 in […]

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Some positive signs for Autumn market including start of London recovery

Written by Amy Funston on - Breaking News -

A monthly rise of 0.7% (+£2,088) in the price of newly-marketed property matches the average for September since 2011, though the annual rise remains muted at 1.2% Autumn market has stronger momentum in areas with better affordability and sentiment, with Wales, East Midlands, West Midlands and Yorkshire & the Humber all recording average annual price […]

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Making the planning process more efficient should be the top priority

Written by Estate Agent Networking UK on - Breaking News -

The NFB welcomes the announcement of new funding but remains concerned that the Government’s efforts to solve the housing crisis have moved away from making the planning process more efficient. Housing Secretary James Brokenshire MP has announced a new partnership between Homes England and Barclays Bank to provide £1 billion of loan finance to help […]

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Sales trends are stabilising across London according to RICS

Written by Allen Walkey on - Breaking News -

RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’. The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the […]

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Bank of England confirms bank rate held at 0.75%

Written by Allen Walkey on - Breaking News -

Announcement as of 13th September 2018 – The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to […]

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Strongest remortgaging market in a decade according to UK Finance

Written by Allen Walkey on - Breaking News -

Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of […]

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We must tackle the root causes of the housing crisis

Written by Estate Agent Networking UK on - Breaking News -

NFB urges Emma Reynolds, MP for Wolverhampton North East, and the Labour Party more generally to think about the root cause suppressing the supply of new homes. Emma Reynolds, MP for Wolverhampton North East, has told the Labour Party that it needs a relentless focus on increasing the supply of homes. Identifying five key policies, […]

 

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