Breaking News
Mark Carney Governor of Bank of England agrees to extend his term
At the request of the Chancellor, the Governor has agreed to extend his term to January 2020. Commenting on the extension of Mark Carney’s time as Governor, the Chancellor said: “I’m delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European…
Allen Walkey
What Morning Drink fuels the UK Estate / Letting Agency Industry?
Some of us simply have to have a cup of our favourite morning drink in the morning to get ourselves going, I am certainly right on this aren’t I? Be it that first cup of coffee or milky tea, maybe you are into fruity smoothies or simply picking yourself up a can of energy drink…
Christopher Walkey
Belvoir Lettings PLC announce increase in Group Revenue
Belvoir Lettings PLC the UK’s largest property franchise, today announced their interim results for the six months ended 30 June 2018 in which they reveal 19% increase in Group revenue to £6,123,000 (H1 2017: £5,155,000). Dorian Gonsalves, Chief Executive Officer of Belvoir Lettings, commenting on the results, said: “I am delighted to report another half year…
Allen Walkey
Lloyds Bank Home Insurance urges homeowners to carry out health check on their property
Lloyds Bank Home Insurance is urging homeowners to carry out a health check to ensure their property is properly prepared for winter. Tim Downes, Senior Claims Manager, Lloyds Bank Home Insurance, said: “Winter may be the last thing many people want to think about after the nation has basked in a long, hot summer. “However,…
Allen Walkey
RLA comments on the report on private rented housing
Comenting on the recent publication of the University of York’s report on private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “We welcome today’s report which the RLA contributed to. “Whilst the Government’s own data shows that 84 per cent of private tenants are satisfied with their accommodation, no one…
Allen Walkey
Shelter responds to review of the private rented sector
Please find below Shelter’s reponse to Nationwide Foundation and Univeristy of York’s review of the private rented sector, which calls for property MOTs for private rented homes. Polly Neate, chief executive, Shelter said, “Decades of failure to build social homes mean thousands of families are left to contend with the broken, failing market that is…
Allen Walkey
OnTheMarket.com launches major new TV campaign
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced it is launching a new TV campaign this month which highlights its ‘New & exclusive’ properties*. The story focuses on a young family who have missed out on ‘yet another perfect house’ but discover OnTheMarket has ‘thousands of new properties to buy or…
Allen Walkey
Annual rate of house price growth rises in August according to Halifax
Latest Halifax House Price Index report – August 2018 released today headlines ‘Annual House Price Growth Rises To 3.7% in August’. The report reveals that house prices in the three months to August increased by 3.7% against the same period a year earlier, on a monthly basis, prices remained steady, seeing a small rise of…
Allen Walkey
Hunters Property PLC deliver robust results for the half year to June 2018
Hunters Property Plc, one of the UK’s largest franchised sales and lettings agency businesses, today announced its interim results for the six months ended 30 June 2018 in which it states that: the Board remains confident the 2nd half will, as usual, outperform the first and remains in line to exceed last year’s full year…
Allen Walkey
Barratt Developments PLC highlight strong financial and operational performance for the full year in their annual results announcement
Barratt Developments PLC today announced their Annual Results for the year ended June 2018. Barratt Developments PLC highlight a strong financial and operational performance for the full year. Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “The Group has had another outstanding year delivering a strong operational and financial performance,…
Allen Walkey
Demand in the PRS in July increased to its highest level this year according to ARLA Propertymark
The latest ARLA Propertymark Private Rented Sector Report – July 2018 revealed that demand from prospective tenants increased in July, to the highest level this year so far. The supply of available properties moved in the opposite direction to demand, falling from 191 in June, to 184 last month according to ARLA Propertymark. David Cox,…
Allen Walkey
House prices growing almost twice as fast near top state schools according to Lloyds Bank
Latest research from Lloyds Bank reveals that house price growth in areas with top performing state schools has significantly outpaced the rest of the country in the last five years, prices growing almost twice as fast near top state schools. Lloyds Bank state that house prices near top schools grew by 35% (£104,365), compared to…
Allen Walkey
Slight softening in annual house price growth according to Nationwide
Latest Nationwide House Price Index report – August 2018 headlines ‘Slowing in Annual house price growth in August’. The report reveals annual house price growth softens to 2.0% and prices decline 0.5% month-on-month, biggest monthly fall since July 2012. Commenting on the figures, Robert gardner,Nationwide’s Chief economist, said: “August saw a slight softening in annual…
Allen Walkey
RLA Future Renting Conference in London this September
THE Government’s lead civil servant for private rented housing will address the Residential Landlords Association’s (RLA) Future Renting conference in London this month. As Deputy Director the Private Rented Sector in the Ministry of Housing, Anne Frost has overall responsibility for forming and implementing government policy and feeding opinion from stakeholders, including landlords, back to Government…
Allen Walkey
FTB’s take advantage of dip in demand according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – July 2018 revealed tha the supply of properties available to buy increased in July, while demand fell. First Time Buyers took advantage of these market conditions, and almost a third of all sales were made to the group in July, according to the housing report from NAEA Propertymark. Mark…
Allen Walkey