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Housing affordability improves at fastest rate for eight years

 

National average price of newly-marketed property rises by 0.7% (+£1,981) this month, consistent with the average 0.6% February uplift in the previous two years With the average annual rate of growth at only 0.2% (+£714), annual wage growth of 3.4%* is now outstripping asking prices at the fastest rate since 2011, improving buyer affordability New…

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Rightmove

Strategic housing investment is another positive step

 

James Brokenshire has announced £250 million for housing deals, which includes £157 million for infrastructure funding for roads and green spaces. The money will help deliver a range of projects across the UK, including 10,000 homes on 7 Ministry of Defence sites and more than 1,500 homes at the Queen Elizabeth II Olympic Park. The…

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National Federation of Builders

Council demands extra £360,000 following Right-to-Buy blunder

 

Right-to-Buy which many will see as a completely out of date, unfair and a drain to the UK housing stock hits the headlines again with Islington Council, who gave away at a discount one of their flats on Islington street, now demanding at extra £360,000 following a blunder on ‘bedrooms’. Two years later the council saw the…

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Christopher Walkey

Founded in 1825 – Cheffins is changing…

 

Cheffins has a long and prestigious history, with seven offices across the south-east of England and an array of services offered Residential Sales & Lettings, Property Auctions, Commercial Property, Planning, Machinery & Vintage Auctions and Fine Art. Despite a ‘senior’ position in UK estate agency the brand has gone for a fresh new re-brand and new…

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EAN Breaking News

Elite Conveyancing forms partnership with Wilford Smith Solicitors

 

The quality-focused, national conveyancing provider, Elite Conveyancing has formed a key strategic partnership with Sheffield and London based Wilford Smith Solicitors which will allow conveyancing lawyers the opportunity to become self-employed Consultants. Essentially, Wilford Smith will become the umbrella brand for a new breed of self-employed lawyers, providing all of the necessary professional and regulatory…

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EAN Breaking News

love2move announces a new crowdfunding raise

 

Only two years following its Valentine’s Day launch back in 2017, a Preston based hybrid estate agency platform, love2move, is looking to raise £120,000 via crowdfunding in order to expand its network of agencies using its service. Primarily a concept to combat online estate agents in that it offers traditional style agents with the proprietary tools…

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EAN Breaking News

Noel Gallagher knocks £Millions off the asking price of his London Mansion

 

Noel Gallagher hopefully will not look back in anger as he knocks off £3 million on his London mansion in desperation of trying to find a buyer. Just how crazy are prices in London? Well Noel Gallagher will certainly be one property owner to study as following a recent £2.5 million knocked off the asking price…

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EAN Breaking News

Property Bosses ordered to pay back £182,000

 

A recent press release on the official gov.uk website highlights the case of a husband and wife team of directors of ‘London and Berkshire Limited‘ who were reported to have taken out payments of at least £182,000 during an investigation by the Official Receiver following the company’s shut down in June 2015. “Husband and wife,…

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EAN Breaking News

House price growth weakest since 2013

 

2018 saw the slowest UK annual growth in house prices since 2013. While annual growth in Scotland, Wales and Northern Ireland all strengthened in 2018 compared to 2017, England experienced a slowdown. Annual house price growth (%), Countries of the UK, 2013 to 2018 United Kingdom England Scotland Wales Northern Ireland 2013 2.6 2.9 0.4…

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HM Land Registery

Linley & Simpson Estate Agency snaps up Flemings

 

An independent estate agency in Pudsey, West Yorkshire, has opened up a new branch replacing a rival agency following a buy out. Linley & Simpson recently acquired the family run firm of Flemings taking over its rental portfolio (and staff) and increasing its network of agencies to 16 after rebranding the store on Robin Lane. Will Linley,…

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EAN Breaking News

UK HOUSE PRICE GROWTH SLOWEST SINCE JULY 2013

 

UK house prices grew by 2.5% in the year to December 2018, down from 2.7% in the year to November 2018. This is the lowest annual growth for the UK since July 2013, when house prices increased by 2.3%. House price growth was strongest in Northern Ireland where prices increased by 5.5% over the year…

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EAN Breaking News

HM LAND REGISTRY REPORT DECEMBER 2018 HOUSE PRICE INDEX

 

The December data shows, on average, house prices have risen by 0.2% since November 2018. There has been an annual price rise of 2.5%, which makes the average property in the UK valued at £230,776. England In England, the December data shows, on average, house prices have risen by 0.3% since November 2018. The annual price…

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HM Land Registery

Durham County Council approves 57 new homes for vandal-hit site

 

Planners have recently approved a project that will see 57 new ‘homes’ being provided on what is currently a known vandal-hit former school site in Gainford. Planning officers from Durham County Council’s south-west planning committee are said to have unanimously approved the proposal to build 57 homes on the former St Peter’s School site in the Dale village….

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EAN Breaking News

High-rise building situation in Australia at risk?

 

An interesting watch on Youtube in the high-rise building situation in Australia and the alarming rate at which they are going up. Concerns towards defects and safety are starting to build and that many Australian dollars could be at risk. Housing and banking expert Martin North North has criticised developers and the housing industry for…

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EAN Breaking News

Wholesale planning reform will give us the homes we need

 

The National Audit Office (NAO) has confirmed that the Government will fail to solve the housing crisis unless radical changes to the planning process are made. The National Audit Office (NAO) has confirmed that the Government will fail to solve the housing crisis unless radical changes to the planning process are made. The NAO says…

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