Breaking News
UK House Price Index May 2019
The May data shows, on average, house prices have risen by 0.1% since April 2019. There has been an annual price rise of 1.2%, which makes the average property in the UK valued at £229,431. England In England, the May data shows on average, house prices have risen by 0.1% since April 2019. The annual…
HM Land Registery
UK Estate Agent fees amongst the lowest in the world
The Estate & Letting Agents Association UK (ELAA-UK) has conducted research that shows UK agents charge some of the lowest fees in the world. The association conducted the research as a part of it’s campaign to show consumers the many benefits of using a high street or ‘traditional’ agent. ELAA-UK aims to show consumers the…
EAN Content
Get Generation Rent working for you and boost your income by £8,000 a year
There is an increasing trend spreading across the UK whereby we now rent much more of the things we use rather than buying them outright. From our phones, our cars, our homes and even the things within them, the freedom that renting rather than buying provides is resonating with the new generation of consumer –…
Properganda PR
First drop in prices this year signals buyers’ market in second half of 2019
The price of property coming to market falls by 0.2% (-£656), the first monthly fall so far in 2019 Key metrics indicate a buyers’ market in the second half of 2019: Less property is coming to market, but it is taking longer to secure a buyer, so estate agents’ average stock per branch is at…
Rightmove
Nottingham City Council to buy more homes to meet housing need
Nottingham City Council has approved plans to buy back more than 250 former council houses. The four-year scheme, which was approved at the Council’s Executive Board meeting on Tuesday 18 June, will involve more than 300 purchases and also include some newly-built homes, as well as houses and flats that have previously been bought…
EAN Content
Room rents rise 8% in the wake of Tenant Fee Act but seasonal demand decline hits some cities
Leading room share platform, ideal flatmate, has released it’s Room Rental Index for the second quarter of 2019, looking at the cost of renting a room across the UK’s major cities. Ideal flatmate crunched the numbers from more than 29,000 room share listings on its site added between April and June and found that in…
Properganda PR
Areas with fewer smokers see properties sell for 82% more on average
Leaked papers recently revealed that the Government plan to wipe out smoking across the nation by 2030, but for those that are already against the habit, leading property finance specialists, One 77 Mortgages, has looked at where you can get on the ladder smoke-free and the property premium you’ll have to pay. One 77 Mortgages…
Properganda PR
£50k deficit in property purchase power between top and bottom ethnic groups
Official data from the Office of National Statistics this week outlines for the first time a disparity in the average earnings of different ethnicities. With earnings having a direct impact on mortgage eligibility, leading estate agent comparison site, GetAgent.co.uk, has analysed what this pay gap means on a housing affordability level. The data on pay…
Properganda PR
President Trump signs an executive order on Affordable Housing Development
The USA is set to address affordable housing for people across their nation with President Trump recently signing an executive order to set in motion eliminating barriers. “This new council will engage with State, local, and tribal leaders to identify and remove obstacles that impede the development of new affordable housing.” is quoted as one…
EAN Breaking News
Hometrack finds London house price decline is spreading to regional markets
The latest market insight from Hometrack has looked at how far the trend of London price declines has spread into regional markets. The data shows that: – House prices in London lead the rest of the market – after high growth between 2010 and 2015, a growing proportion of markets started to register price falls. The…
Properganda PR
A Boris backed stamp duty reversal could revive prime property prices by £700k
This week, Boris pledged to roll back stamp duty tax changes implemented by George Osborne in 2014. These changes saw the tax thresholds for prime and super-prime properties increase from 5-7% to 10-12%, a move that brought an immediate decline in buyer sentiment and a resulting dip in sold prices across the top end of…
Properganda PR
Rightmove trials option to purchase commercial property online
Rightmove is trialling an option on some commercial property listings that allows buyers to submit offers and digitally exchange contracts by using a platform called clicktopurchase®. The six-month trial gives potential buyers the chance to view a number of commercial properties on Rightmove marketed by London agency Singer Vielle, and then go straight to the…
EAN Breaking News
Halifax HPI – House price growth hits 5% for the third consecutive month
Director of Benham and Reeves, Marc von Grundherr, commented: “While it may seem as if the UK property market is treading water on a month to month basis, this short-term metric can be erratic at best and the broader picture shows that we are in a considerably better position than this time last year,…
Properganda PR
Colour drains from Purplebricks as latest financials leaves them feeling blue
Director of Benham and Reeves, Marc von Grundherr, commented: “Unfortunately for Purplebricks, today’s figures and the failure of their international escapades will have left them feeling a little blue. That’s if the colour has drained from them completely. A retreat from the US being announced as well as its previous admission that their…
Properganda PR
Purplebricks are set to announce an embarrassing exit from the US on Wednesday
Negative news continues on the online estate agency front with PurpleBricks having to retreat from the US following a not so success exploration… Australia failure was seen in May following claims that the market was a too challenging one. Will the UK be next? Full story can be read here: https://www.proactiveinvestors.co.uk/companies/news/223209/purplebricks-reportedly-set-to-announce-embarrassing-retreat-from-us-on-wednesday-223209.html
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