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UK Finance response to the Prime Minister’s speech at the NHF Summit
UK Finance response to the Prime Minister’s speech at the National Housing Federation Summit, where she announced £2bn of additional funding for housing associations. Jackie Bennett, Director of Mortgages at UK Finance, said: “Today’s announcement provides much needed certainty regarding the government’s commitment to the social housing sector, enabling housing associations and their private funders to plan…
Allen Walkey
Shelter response to the Prime Minister’s announcement at the NHF conference.
Please see below Shelter response to the Government social housing announcement at the NHF conference. The Prime Minister has announced £2bn for housing associations who enter strategic partnerships with Homes England from 2022 to 2028/9. This is pre-announcing funding for the next Spending Review period. It is not extra homes or extra funding now. Polly…
Allen Walkey
Government should end stamp duty on certain properties according to RICS
New figures show that nearly half of respondents to the RICS Residential Market Survey suggest using tax incentives to encourage downsizing, while making changes to Stamp Duty and Council Tax would help thousands more young people realise their dream of owning their own home. A housing tax overhaul including ending stamp duty on certain properties…
Allen Walkey
Two multi-branch agents join OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Townends, a 21 branch estate and letting agency firm, is listing its properties at OnTheMarket.com. Townends – owned by Nick Dunning Associates – was founded 25 years ago and now covers West and South West London, Surrey, Middlesex and North Hampshire….
Allen Walkey
Transactions in 2018 at their lowest in 5 years according to LSL Property Services/Acadata HPI report
Latest LSL Property Services/Acadata England and Wales House Price Index report – August 2018 released September 2018 reveals that house price growth remains at 1.8% for third consecutive month. The average home in England and Wales is now worth £303,199, up £5300 on the previous year according to the HPI report. The report reveals that…
Allen Walkey
Rents outside London continue to rise according to Hamptons International
Latest Hamptons International Monthly Lettings Index report – August 2018 reveals that London rents on newly let homes (i.e. homes advertised on the open market to let) fell for the third consecutive month, down -0.8% year-on-year, however rents on newly let homes in Great Britain excluding London, rose 2.0% year-on-year. Rents on those properties where…
Allen Walkey
Average rents across the UK rose by 0.9% in August according to Homelet
Latest Homelet Rental Index report – August 2018 reveals that average rents across the UK rose by 0.9% in August 2018 when compared to the same month a year previously. The average monthly rent is now £947 according to Homelet, however they state: when London is excluded, the average UK rental value was £786 in…
Allen Walkey
Some positive signs for Autumn market including start of London recovery
A monthly rise of 0.7% (+£2,088) in the price of newly-marketed property matches the average for September since 2011, though the annual rise remains muted at 1.2% Autumn market has stronger momentum in areas with better affordability and sentiment, with Wales, East Midlands, West Midlands and Yorkshire & the Humber all recording average annual price…
Rightmove
Making the planning process more efficient should be the top priority
The NFB welcomes the announcement of new funding but remains concerned that the Government’s efforts to solve the housing crisis have moved away from making the planning process more efficient. Housing Secretary James Brokenshire MP has announced a new partnership between Homes England and Barclays Bank to provide £1 billion of loan finance to help…
EAN Content
House Prices to crash by a third from a ‘Do Deal’ Brexit says Mark Carney
Yes, I know, for those who voted Brexit then there is no such thing as a ‘No Deal’ Brexit, it is either as what was voted for ie leaving the EU ie Brexit or not. Though with the headline that many like to embrace, a no deal Brexit is now threatening a third of value…
Christopher Walkey
Sales trends are stabilising across London according to RICS
RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’. The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the…
Allen Walkey
Bank of England confirms bank rate held at 0.75%
Announcement as of 13th September 2018 – The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to…
Allen Walkey
Strongest remortgaging market in a decade according to UK Finance
Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of…
Allen Walkey
We must tackle the root causes of the housing crisis
NFB urges Emma Reynolds, MP for Wolverhampton North East, and the Labour Party more generally to think about the root cause suppressing the supply of new homes. Emma Reynolds, MP for Wolverhampton North East, has told the Labour Party that it needs a relentless focus on increasing the supply of homes. Identifying five key policies,…
EAN Content
House prices fall further this month according to Home.co.uk
Latest Home.co.uk Asking Price Index report – September 2018 released today headlines ‘Price Growth Trends Towards Zero and Below’. The report reveals that home prices fell further this month as the slowdown tightened its grip. Price falls across most English regions have dragged the average for England and Wales down a further 0.3%. Asking prices…
Allen Walkey