Breaking News
£1Billion missing revenue from Stamp Duty
More negative news in UK property and this time a £1,000,000,000 missing pot of cash thanks to the Governments handling of Stamp Duty. Not so much in favour has been the hiked up tax imposed on high end value property which has seen a fair slow down in this section of the market, a whooping…
Christopher Walkey
Downward trend in the proportion of homes bought with cash according to Hamptons International
New research published by Hamptons International shows that in H1 2018, the proportion of homes in England and Wales bought with cash fell to 29.6%, the lowest level since the company’s records began in H1 2007, cash purchases peaked in H2 2008, when 37.8% of homes were bought without a mortgage. Hamptons International reveals that…
Allen Walkey
London councils offered more funding for planning
The (unfortunately for now) mayor of London has announced £10 million for ambitious councils that want to boost their role in building new homes in the capital Building on previous positive announcements this year – small sites and SME house builder initiatives, increased transparency and engagement on publicly-owned land – the (unfortunately for now) mayor…
EAN Content
Annual UK house prices growth at 3.2% for year to August 2018 according to HM Land Registry
Latest UK House Price Index summary – August 2018 from HM Land Registry reveals that UK house prices rose by 3.2% in the year to August 2018, down from 3.4% in the year to July 2018. Annual growth in house prices has remained broadly stable at a national level since April 2018. House prices grew fastest…
Allen Walkey
Fears of a Slump in Property Prices
There is a lot of negative news in the UK property market currently, lots of predictions of price drops and fears towards the Brexit outcome along with reductions of asking prices more common and taxes introduced to hinder greedy landlords and investors pockets and pension plans. Though is it just a bit too soon to…
Christopher Walkey
Brownfield land map tool will help tackle the housing crisis
Local authorities must do more to enable development within our existing communities The National Housing Federation (NHF) has identified and mapped more than 17,000 brownfield sites, totalling around 27,700 hectares, which could provide space for more than 961,000 homes. The National Federation of Builders (NFB) thinks that this tool has the potential to help tackle…
EAN Content
First-Time Buyer numbers for August reaches highest level in over a year according to UK Finance
UK Finance’s latest Mortgage Trends Update for August 2018 headlines ‘Number of First-Time Buyers Reaches its Highest Level since June 2017’. The update reveals that there were 35,500 new first-time buyer mortgages and 38,000 new homemover mortgages completed in the month of August. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Allen Walkey
Late payment is not the construction industry’s model
Consistent, institutionalised late payment is not an industry practice, but a business failing. Construction News has reported that Bev Dew, finance director at Kier, stated that the firm is “consistent” with its payment practices and that the onus on improvement must sit with clients. Kier is one of the industry’s poorest payers on the Government…
EAN Content
City Council gives go ahead for consultation on planning guide for the Waterside area
Nottingham City Council took an important step towards its vision for a new neighbourhood along the banks of the River Trent today (Tuesday 16 October 2018). The City Council’s Executive Board gave its approval for a consultation on the Waterside Supplementary Planning Document (SPD) – which sets out the city’s vision for the area and…
EAN Content
Rightmove House Price Index – Subdued prices provide first-time buyer opportunity this autumn
Average asking price of property coming to market rises by relatively muted 1.0% (+£3,184) this month, the lowest monthly rate of increase at this time of year since 2010 Slowest sector is properties with two bedrooms or fewer with a 0.1% monthly price fall, a result of less active buy-to-let investor activity, giving first-time buyers…
Rightmove
Price cutting is becoming the new norm as the market adapts to reduced demand according to Home.co.uk
Latest Home.co.uk Asking Price Index report – October 2018 headlines ‘Price cutting hits 7-year high as vendors’ patience wanes’. The report reveals that overall, supply of property for sale in the UK is up by 6% and the total stock for sale has increased by 10.7% year-on-year. In October 2017, the annualised rate of increase…
Allen Walkey
Rents rose in every region of GB in September, the first time since January according to Hamptons International
Latest Hamptons International Monthly Lettings Index report – September 2018 headlines ‘Landlord purchases fall by £5.2 billion in 3 years’. The report reveals that in H1 2018 landlords spent £12.1 billion on new buy-to-let purchases, £5.2 billion or 30% less than in H1 2015 (£17.3 billion). In London landlords spent £3.5 billion purchasing rental homes…
Allen Walkey
Plans to raise standards across the entire property agent sector
Much is happening in the world of property currently, and recent news shows that UK Housing Minister, Heather Wheeler MP, has it in mind to raise standards within the UK property sector thus, hopefully, supporting the likes of home buyers, sellers and tenants. It is stated that a new group of experts from the the UK…
Christopher Walkey
Average UK rents rose by 1.7% in September compared to same month a year ago according to Homelet
Latest Homelet Rental Index report – September 2018 reveals that average rents across the UK rose by 1.7% in September 2018 when compared to the same month a year previously, rents in London increased by 3% in September 2018 than in the same month of 2017 According to Homelet the average UK monthly rent is now…
Allen Walkey
RLA Response to announcement on funding to support homeless people into rented housing
Responding to the announcement of that the Government is formally launching its fund to support councils to house those who are or are at risk of becoming homeless in private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “With over one million households waiting for a social rented home, increasing numbers…
Allen Walkey