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,…
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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…
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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
EAN Breaking News
73% of buy-to-let investors still think the sector is the best, least volatile long-term investment
Independent letting and estate agent, Benham and Reeves, has released its latest look at the London buy-to-let market, having surveyed over 5,000 buy-to-let investors on their current feelings around current investment and the future of the sector. The research found that 73% of those asked considered property is still the best, least volatile long-term investment…
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Nationwide House Price Index – Industry Comment
Director of Benham and Reeves, Marc von Grundherr, commented: “While many remain sceptical about the current direction of the UK housing market, with other industry indicators such as Halifax being viewed as a tad over-exuberant, it seems as if the latest figures from Nationwide suggest that while we may be travelling at a different…
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Fine & Country launches in Mauritius
International estate agency Fine & Country has opened a new office situated in Mauritius. Fine & Country Mauritius is joining the global network of estate agents in over 300 locations worldwide. Bénédicte Duvivier of Fine & Country Mauritius, says, “We are very excited to join the Fine & Country network and establish the brand in…
EAN Content
May Price Paid Data from HM Land Registry
The most expensive property sold in May was in Kensington and Chelsea for £12,115,625 The cheapest properties sold in May were in Peterlee and Shildon for £18,000 10% increase in newbuilds compared to May 2018 The most expensive residential sale taking place in May 2019 was of a flat in Kensington and Chelsea for £12,115,625….
HM Land Registery
Tiny homes will be part of Theresa May’s legacy, says NFB
The prime minister must take responsibility for the “tiny homes” that she facilitated by ignoring industry and campaigner advice for better housing standards and more appropriate policy. Changes to policy are welcomed but, unfortunately, it is too little too late as with many of her decisions. Time after time, the PM and her housing ministers…
National Federation of Builders
First-time buyer income to buy hits 54,000 according to Hometrack – industry comment
Director of Benham and Reeves, Marc von Grundherr, commented: “City living has always carried a price premium and so the lack of appropriate income for first-time buyers in the UK’s most expensive cities is no new trend. While this affordability gap may be growing, it is only a contributing fact in the recent…
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We must make single-use plastic a thing of the past, says NFB
Plastic waste remains a chief concern for our planet’s health and, while attempts to reduce its use have intensified, greater efforts must be made to ensure that we reduce our dependence on single-use plastic. In construction, the reliance on single-use plastic has been drastically declining. Pipes and drains are made out of recyclable plastics, while…
National Federation of Builders
Mortgage approvals remain at record highs despite market uncertainty
Managing Director of One 77 Mortgages, Alastair McKee, commented: “The latest mortgage approval numbers, whilst a smidgeon below forecast, have remained at a very healthy level indeed. In fact, along with the previous month, they represent some of the highest numbers since March 2017. Buyers are evidently no longer being deterred from the…
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34% of income spent on renting – Here’s the best rental markets to maximise your money
Leading lettings platform, Howsy, has looked at where across the UK is home to the best rental market when it comes to the average cost of renting as a percentage of the average salary on offer. Howsy looked at government data on rental costs across England, Scotland, Wales and Northern Ireland and ONS data on…
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Here’s where homes are making and losing a year’s salary in annual price growth/decline
Estate agent comparison site, GetAgent.co.uk, has looked at how current market conditions have impacted homeowners financially over the last year and how house price growth compares to the average income. GetAgent.co.uk used house price data from the latest UK house price index and the latest data from the ONS employee earnings in the UK to…
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Nothing has changed on late payment
The Government needs to be bolder and come up with more immediate alternatives to help construction businesses struggling with late payment. Kelly Tolhurst MP, small business minister, delivered a statement to the House of Commons announcing measures to ensure that businesses get paid on time. The National Federation of Builders (NFB) appreciates the Government’s commitment…
National Federation of Builders
Rents continue to climb across the UK, up 1.3% according to the ONS
Co-founder of ideal flatmate, Tom Gatzen, commented: “We’ve seen a notable increase in the number of UK households in the private rental sector over the last 10 years in particular and this growing dependence has been the driving factor behind a consistent increase in rental costs, as demand continues to outstrip the supply of…
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