Breaking News
The rise of the silver room sharer – over 50 housemate numbers up 74%!
The latest data from leading room share platform, ideal flatmate, has looked at the changing face of the house share landscape and how more and more people above the age of 50 are turning to a house share as a viable way of living either as a live-in landlord or as a roommate. Data from…
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Nottingham City Council set to make savings by supplying its own water
Nottingham City Council is set to begin supplying water services to its own buildings from Wednesday 14 August to create savings on the authority’s bills and water consumption. Changes in the water industry allow businesses and organisations to choose how they receive water supply and wastewater services, and the City Council has chosen to become…
EAN Content
Homebuyers spending as much as half of their annual salary on stamp duty tax
With the new prime minister looking to potentially transfer stamp duty to the responsibility of the home seller, research from property finance specialists, One 77 Mortgages, has looked at just how much UK homebuyers are currently paying in addition to the monumental task of saving for a mortgage deposit. One 77 looked at the average…
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June 2019 Price Paid Data from HM Land Registry
The most expensive property sold in June was in Kensington and Chelsea for £25,975,000 The cheapest properties sold in June were in Burnley, Bishop Auckland, Ferryhill and Sunderland for £20,000 25.4% increase in newbuilds compared to June 2018 The most expensive residential sale taking place in June 2019 was of a terrace property in Kensington…
HM Land Registery
The postcodes where home sellers are paying £36.5k to sell – UK estate agent fees revealed
Estate agent comparison website, GetAgent.co.uk, has revealed where home sellers are forking out the most money to sell their home based on the average percentage fee being charged and what this translates to on the average house price in that area. GetAgent’s data shows that estate agents across the UK are currently charging an average…
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ELAA-UK launches new initiative to help Agents
The Estate and Letting Agents Association UK (ELAA-UK) has always assisted it’s members to increase revenues, brand awareness and customer satisfaction as well as advise agents on how to turnaround new instructions as quickly as possible so it was no surprise when they announced that they were going one step further by launching a new initiative…
EAN Content
Monthly mortgage approvals hit second highest level in over two years
Managing Director of One 77 Mortgages, Alastair McKee, commented: “While slightly below forecast, the latest figures show a very healthy level of mortgage approvals and the second-highest monthly total in over two years. This is a very positive sign for the UK property market and suggests that things are finally heading in the right direction…
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Boris must hit the ground running
Boris Johnson has been elected as leader of the Conservative Party and will officially take over as prime minister on 24 July. The former mayor of London has promised to take Britain out of the EU by 31 October 2019 with or without a deal. The National Federation of Builders (NFB) congratulates Boris Johnson on…
National Federation of Builders
ELAA-UK issues new report on various Brexit scenarios and it proves to be interesting reading
No one can deny that Brexit has had an impact on the UK market but how much of an impact has it really had and how much could the different Brexit scenarios affect the UK housing market in the future? The Estate and Letting Agents Association UK has published an in-depth report today categorising…
EAN Content
HMRC shows transactions down 9.6% month on month – Industry reaction
Director of Benham and Reeves, Marc von Grundherr, commented “Scary reading on the face of it, but it’s important to note that this data is reported with a bit of a lag and so the level of transactions being relayed are really those accepted back in March. With many of us, perhaps foolishly, believing we…
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Housing market will remain Bojo proof as Boris gets the keys to No.10
Director of Benham and Reeves, Marc von Grundherr, commented: “A new prime minister and a clean slate can bring a rejuvenated air of confidence to the UK housing market but while Boris does have a fairly good track record when it comes to housing, he’s probably not the steady hand on the tiller that many…
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Tenant demand uplift seven times the norm as Tenant Fees Act comes in
-Demand from tenants looking for a new place increased 7% between May and June, an uplift seven times bigger when compared to the previous four-year average of just 1% at this time of year -In London there was a 13% increase in demand from May to June, compared to a four-year average of 4% -Agents…
Rightmove
Sadiq Khan’s rental freeze proposal is ‘laughable’ and ‘isn’t far short of idiotic’
Co-founder of ideal flatmate, Tom Gatzen, commented: “A quite frankly laughable proposal from Sadiq Khan and one that reeks of desperation. During his time in power, his severe failure to deliver on the number of new homes promised has contributed massively towards an over-reliance on the London rental sector. This demand has pushed rental prices…
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Gov announce revolutionary changes to regulate the estate and letting agency sector
Director of Benham and Reeves, Marc von Grundherr, commented: “Any form of regulation is a step in the right direction and a step that the industry has been needing for a long, long time. Really, we would like to see this regulation stretch to all of those operating in the sector, whether they be…
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Industry comment on the latest UK House Price Index
Marc von Grundherr, director of lettings and estate agent Benham and Reeves, commented: “The market may continue to be dampened by price growth in London and the South East, but any transaction at a premium level will take longer to materialise and so it will take time for these regions to regain the momentum…
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