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Halifax House Price Index – COMMENT
The Halifax has just released its latest House Price Index numbers stating: A 0.4% drop in house prices month on month A 1.1% RISE in house prices in the year to September Average UK house price now £232,574 Our clients’ comments on the index are as follows: Marc von Grundherr, Director at Benham &…

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Quarterly House Building Stats Out Today from MHCLG – COMMENT from Michael Stone, CEO of new build specialists, Stone Real Estate
The Ministry of Housing Communities and Local Government this morning released its latest data on new house building completions and starts to June 2019 (England). See https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/835887/House_Building_Release_June_2019.pdf The upshot is that they are broadly positive, particularly completions, at 45,190 homes built in the April to June period, UP 4% on the last quarter and UP 11% year…

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Section 21 to shrink rental sector by 20% with rents to climb 13%
The latest report from Capital Economics, commissioned by the National Landlord Association, suggests that the abolition of Section 21 could lead to: – A 20% decline in rental stock across the private rental sector, with those on housing benefit or Universal Credit worst hit with a 59% reduction in available properties. As well as an…

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Buyer demand drops in Q3, but Glasgow remains the hottest homebuyer spot in the UK
The latest and third buyer demand index of the year from Springbok Properties shows that UK homebuyer demand is currently at 39.5% having dropped -2.8% since Q2 as Brexit uncertainty continues to cloud the market. Using data from the major property portals, Springbok looked at where has seen the largest levels of buyer demand across…

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Three months left to enter London’s most promising house competition
There are just three months left to enter what could be London’s biggest house competition to date. WinMyDreamHome.com is offering a beautifully renovated Victorian home in Bartholomew Road, Kentish Town, NW5 with tickets costing £10 and one additional ticket given free for every ticket purchased by those buying two or more. The property is valued…

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Nationwide House Price Index: Price growth grinds to a halt in September
Founder and CEO of Springbok Properties, Shepherd Ncube, commented: “Anything short of a market collapse could be viewed as positive given the current car crash that is unfolding in Westminster and quite frankly, it’s a miracle that no real lasting damage has been already done. We’ve seen the market survive on tidbits of positive buyer…

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August Price Paid Data from HM Land Registry
The most expensive residential sale taking place in August 2019 was of a flat in City of Westminster for £16,500,000. The cheapest residential sale in August 2019 was of a flat in Sunderland for £18,500. The most expensive commercial sale taking place in August 2019 was in Southwark for £129,300,000. The cheapest commercial sale in…

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Tech giants cause local rents to skyrocket but B2L investments remain below average
Leading lettings platform, Howsy.com, has looked at how the presence of some of the world’s biggest tech giants is pushing up London rental prices surrounding their main offices in the capital. Howsy looked at the current cost of renting in boroughs home to Google, Microsoft, Amazon and Facebook and how this compares to the London…

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Hometrack Cities Index – City house price growth slows as market adapts
Director of Benham and Reeves, Marc von Grundherr, commented: “London continues to act as a house price growth anchor for the time being and this is largely being driven from the inside out as those who have seen the largest decline in property values continue to hold fire for greener pastures on the other side…

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UK Finance shows mortgage approvals dip but could see a late rally
Director of Benham and Reeves, Marc von Grundherr, commented: “Buyer demand for mortgage products has been the one area of the market to remain buoyant in the face of political uncertainty, and while it would seem that even this is starting to fall below expectation, we have seen them at least hover at consistent levels…

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Nationwide partners with smart lettings platform to help beleaguered DIY landlords
Leading rental platform, Bunk, has announced a huge partnership with Nationwide Building Society, to further develop its proposition as a transparent, landlord first operator within the buy-to-let sector. Bunk has become Nationwide’s latest venturing fund investment with the digital letting agent already using innovative technology including Open Banking and making a perfect partner for Nationwide,…

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Stamp Duty changes have hit top-end market transactions hardest
Leading lettings and sales agent, Benham and Reeves, has looked at the impact changes to Stamp Duty Tax have had one the UK property market where transactions are concerned, and where has seen the biggest decline. In December 2014, changes were made to the way stamp duty was calculated, moving from the old slab structure…

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UK Finance shows buyer demand is alive and well – driven by an army of FTBs
Director of Benham and Reeves, Marc von Grundherr, commented: “Buyer demand remains alive and well with the number of new mortgages being approved increasing across the board. Market conditions remain far from ideal but it’s particularly encouraging to see that despite the Government’s best efforts, there has not only been an increase in the number…

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Rightmove House Price Index
Autumn opportunity for ‘keep your nerve’ buyers as uncertainty bites again The price of property coming to market falls by 0.2% (-£730) this month, the first fall at this time of year since 2010 No sign of autumn bounce yet, with signs that heightened political uncertainty is causing some to hesitate, giving a better…

Rightmove
Benham & Reeves Market Index Review
Property market shows signs of life but asking price expectations remain out of kilter with wider market conditions The latest Market Index Review report by lettings and sales agent, Benham and Reeves, has looked at the current state of UK and London property prices based on aggregated data from the four leading house price indices…

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