Breaking News
Market uncertainty surrounding Brexit has been blamed for a slow in the rate of growth according to Emoov
The latest research from Emoov has looked at market confidence amongst UK homeowners and if they expected the market to act as it has since the EU Referendum vote, and what they think will happen once we officially leave the EU. They also looked at the state of the UK property market across both the…
Allen Walkey
Property prices in UK fall an average of £5,000 in the last month
Without a doubt, browsing property on Rightmove or Zoopla where reduced listings are highlighted, it is now a common theme to see house prices being dropped in order to attract buyer attention. A headline released on Daily Mail online today states ‘Property prices have dropped by more than £5,000 in the past month alone‘. Rightmove…
Christopher Walkey
Early Christmas gift for buyers as sellers lower their price expectations
The price of property coming to market falls by 1.7% (-£5,222) this month, and whilst it is the norm for new seller asking prices to fall at this time of year, this is the largest November drop since 2012 New sellers pricing more realistically in effort to minimise pre-Christmas ‘buyer humbug’ syndrome fuelled by stretched…
EAN Content
Property prices in Bath need to drop by 61% to become affordable
Across the country many will agree that property prices are way too expensive, what was once a home now is a big burden, where once only one had to go out to work, many couples are feeling the pinch due to mortgage / rentals costs that they both need to hold full time jobs. A…
EAN Content
£1m to create more construction jobs in Nottingham
Government funding of £1million has been given to Nottingham to get more people into construction training and jobs. Partners in Nottingham have been given a slice of a £22million funding pot, which will be used to launch construction academies with Nottingham College. These academies will bring training to construction sites – allowing learners to apply…
EAN Content
Fail to deliver on Brexit causing collapse of Conservatives – ex Housing Minister resigns
I am sure that not many people will even know who the current housing minister is today (Rt Hon James Brokenshire MP), though it is the reluctance of Prime Minister May to carry out Brexit which is causing descent amongst the ranks. With more shifty underhand dealings than a dodgy poker player from May it would…
Christopher Walkey
London House Price Growth slows substantially in October according to LSL/Acadata
Latest LSL Property Services/Acadata House Price Index report for England and Wales – October 2018 reveals that annual price growth continues to slow but there are monthly price rises again. According to the report house prices rebounded in October, up 0.4% – the first increase since February. The annual rate of price increases continued to…
Allen Walkey
UK Finance response to Treasury Minister
UK Finance has responded to a letter from Economic Secretary to the Treasury John Glen MP to the Treasury Committee on ‘mortgage prisoners’, which states that “exploring solutions” for customers with inactive lenders is a top priority. Jackie Bennett, Director of Mortgages at UK Finance, commented: “We strongly support the Government’s commitment to explore potential solutions for…
Allen Walkey
Market adapts to reduced demand and increasing supply according to Home.co.uk
Latest Home.co.uk Asking Price Index report for November 2018 headlines ‘Rising Supply Pushes Market To The Brink’. The report reveals that soaring supply is smothering price growth and price cutting is widespread, as the market adapts to reduced demand and increasing supply, the property downturn that began in London continues to creep across the rest…
Allen Walkey
OnTheMarket.com announces that seven multi-branch firms have joined the portal in the last four weeks
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that seven multi-branch estate and letting agencies have joined the portal in the last four weeks. Leading independent Sussex estate agent Michael Jones & Company has a network of seven offices and will shortly be listing its properties on the portal. Michael…
Allen Walkey
Mortgage Market softens according to UK Finance
UK Finance’s latest Mortgage Trends Update for September 2018 headlines ‘Mortgage Market Softens Following Period Of Strong Growth. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “Overall remortgaging for both residential and buy-to-let properties have levelled out after a period of strong growth. This reflects the number of fixed rate…
Allen Walkey
Foxtons delivers solid third quarter
Foxtons Group plc, London’s leading estate agency, today issued its trading update for the quarter ended 30 September 2018. The Group delivered a solid third quarter performance as the trends set out in July continued through the period. Nic Budden, CEO, said: “This was a solid quarter in a challenging market. Whether it’s securing a…
Allen Walkey
Brand new Strelley Road flats complete
he first residents are in and the brand new independent living flats at Strelley Court are now open. Nottingham City Homes have officially opened the new site, with 37 one-bedroom flats for people over 55 or who are disabled. Work started in March 2017 on the site of the old Strelley Road Library, Aspley Housing…
EAN Content
New housing court proposal will be good news for landlords and tenants says RLA
Responding to the launch of a consultation by the Government on establishing a new housing court, David Smith, Policy Director for the Residential Landlords Association, said: “The RLA called for a new Housing Court at the time of the last election and in its budget submission. It therefore welcomes this important consultation. “Improving and speeding…
Allen Walkey
Rental growth accelerated in October, highest level since February according to Hamptons International
Latest Hamptons International Monthly Lettings Index – October 2018 headlines ‘Real rents fall in 6 out of 8 regions over the last decade’. The Hamptons International report reveals that real rents (adjusted for inflation) have fallen by -2.2% in Great Britain since October 2008. This means that the average cost of living has risen more than average…
Allen Walkey