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Housing Market Bulletin January 2016
The housing market bulletin for January 2016 provided by The Homes and Communities Agency is a report re the latest information on the housing market, the economy and the housebuilding industry in England. House prices: Average house price growth has now returned to all English regions, but prices continue to rise most rapidly in…
Allen Walkey
Barking and Dagenham Council has vowed to root out “exploitative landlords”.
A series of morning raids were carried out across the borough of Barking and Dagenham in further attempts to catch out a growing list of ‘rogue landlords’ who are exploiting the current housing shortage across London. A total of seventeen people were found crammed within one single three bedroom property. In total, the raids reported that…
Christopher Walkey
Legal challenge to government over buy-to-let tax
According to a recent article in The Telegraph, Cherie Blair the wife of the former Labour MP and UK Prime Minister Tony Blair is mounting a challenge to the government’s proposed buy-to-let tax. Cherie Blair QC has reportedly launched a legal battle against the Government’s flagship policy to increase taxes on buy-to-let investments, claiming it…
Allen Walkey
Prices now deterring overseas investors within UK commercial property.
Though not in actual negative, but the it is reported that the Royal Institute of Chartered Surveyors (RICS) said buyer enquiries though still rising, was at its slowest pace since the third quarter of 2013. This is being put down to a slow down in foreign buyer interest for UK commercial property. The main reasons thought to be…
Christopher Walkey
Right to Rent – Landlord’s code of practice
Guidance for landlords, homeowners and letting agents affected by the introduction of right to rent immigration checks as updated 1st February 2016. Code of practice on illegal immigrants and private rented accommodation. This is the second version of this code, and it will apply with effect from 1 February 2016. The earlier version of this…
Allen Walkey
New Property website for Dubai and India.
Dubai-based Riveria Global Group has launched a new website 3villaz.com which focuses on properties from Dubai and India, the group has been involved in the real estate business in Dubai and Mumbai for more than a decade. The website offers the facility of sellers posting their own properties for sale or rent, search and comparison…
Allen Walkey
Another new rule for Landlords in Wales
New rules coming into effect in Wales from the end of February will mean landlords will require planning permission to convert a house from use as a single household to a shared rental property of 3 to 6 unrelated people, commonly known as Homes for Multiple Occupancy (HMO) Landlords will need to pay a fee…
Allen Walkey
UK housing market not affected by concerns on economy.
The Chancellor of the Exchequer, George Osborne has announced the postponement of the sale of the final stake in Lloyds Banking Group held by the government, he blames global turmoil in the markets and sluggish growth, the UK economy reported growth at the end of 2015 but fears of a global slowdown have seen optimism…
Allen Walkey
Some landlords still holding unprotected deposits.
According to a survey carried out by Centre for Economics and Business Research (CEBR) on behalf of comparison website money.co.uk it states some UK landlords are still not complying with deposit protection rules, the research revealed that figure to be 284,000 of Britain’s 1.9m landlords. These landlords who fail to protect the deposit are leaving…
Allen Walkey
BTL adds to UK property price growth
Some would say that the UK property boom is now bigger than that of the US in 2007 and we all know what happened there, the bubble burst. Mark Carney, Governor of the Bank of England reiterated his concerns about the growth of the Buy-to-Let (BTL) mortgage when speaking to a panel of MP’s on…
Allen Walkey
‘OnTheMarket.com supplies Chestertons with high-quality leads and volume is increasing,’ says agency CEO
Robert Bartlett, CEO of Chestertons and a Non-Executive Director of Agents’ Mutual, comments on OnTheMarket.com as the portal marks its first birthday: At Chestertons, we are proud to have been instrumental in the development, launch and direction of OnTheMarket.com and we have every confidence in its future. After just one year, it has significantly disrupted…
January house price growth steady according to Nationwide.
The Nationwide House Price index for January shows that House prices increased by 0.3%, that is down from 0.8% in December. Annual house price growth was broadly stable at 4.4% down only slightly from 4.5% previous annual change. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The pace of UK house price…
Allen Walkey
Purplebricks in the headlines.
The share price of Purplebricks increased yesterday on the back of the announcement of their interim results and also being named in Bloomberg’s inaugural Business Innovator’s List. Michael Bruce, CEO and Founder of Purplebricks, commented: “We are delighted to have been recognised by Bloomberg as an Innovator in the real estate industry. “Our compelling proposition…
Allen Walkey
0.2% of 100,000 New Homes target met by Government.
When the need for new homes appears to be at a critical level, recent reports in the media shows that only a tiny fraction of what could have been built as in fact resulted in actual new homes. Public land that has been sold by the Government between years of 2011 and 2015 show that…
Christopher Walkey
‘OnTheMarket.com has made significant progress in one year’, says CEO as portal marks first birthday
Ian Springett, Chief Executive of OnTheMarket.com, comments on the portal’s first birthday: Today (Tuesday, Jan 26, 2016) OnTheMarket.com marks its first birthday, having already cemented its position as one of the UK’s leading portals and as a major challenger brand. No other market entrant has made such impressive progress in the property portals market in…