Breaking News
‘Help to Buy’ allowed to be taken advantage of by highly paid home owners
Does it come as any surprise that the government is failing at another system that was set up to help the UK property market? A farce or a normal day at the office, whichever way round you look at things sees some embarrassing reports being released, the latest here in full from Daily Mail Online,…
Christopher Walkey
House Price Change by Region
The chart shows that annual growth was highest in the West Midlands, followed by the East Midlands, at nearly 6% and just over 4% respectively. The 0.7% drop in London house prices follows a slowdown that began in mid-2016 and marks the lowest annual growth rate since just after the global financial crash, when prices…
EAN Content
Response to press speculation on three year tenancies
In responding to reports in The Sun that a decision will be announced next week on longer term tenancies, the Residential Landlords Association (RLA) warned that this would be a huge breach of confidence in the democratic process given that the consultation on longer tenancies does not close until 26th August. In a later news…
Allen Walkey
£425,000 houses face being demolished!
Planning permission we all know is the be all and end all for many developers and it will usually be the case that plans are fully granted before any building works are carried out, dare you even stray from the original submitted plans thinking you will get away with it, but… A recent article I…
EAN Content
Housing Secretary annouces plans for 200,000 homes and green spaces
With current housing needs the country, and certainly within the South and South East region, it will be a welcome announcement that more homes are to be built – Yes it will all depend where and how many of those homes are affordable and who gets to buy them! James Brokenshire (Housing Secretary) recently announced…
Christopher Walkey
Property Bubble about to Burst – Fact or Fiction?
Once again my morning read gives us warnings over the UK property market with rumours that prices are falling and sales are slowing which could lead to a well needed price correction especially within London and surrounding regions, but could also stretch out to where prices are currently going mad ie Manchester. The Daily Mail Online’s…
Christopher Walkey
Social housing green paper does not go far enough
The National Federation of Builders (NFB) welcomes the papers approach to solving existing social housing problems but warns that proposed changes do not go far enough. The Government has published its social housing green paper, “A new deal for social housing”, which looks to ensure homes are safe and decent, complaints are resolved effectively, residents…
EAN Content
Registration of Overseas Entities – More Transparency Set for the UK Property Sector
The Department for Business, Energy and Industrial Strategy (“BEIS”) have recently published the draft Registration of Overseas Entities Bill (“ROE” or “the Bill”). The draft sets out provisions to establish beneficial ownership registers for overseas entities who wish to own, have a beneficial interest in, let or dispose of a property in the UK. The…
EAN Content
UK Property market is set to tumble?
Is has been booming of recent hasn’t it – The UK housing market I am on about… Prices rising, rising and rising and all on the foundations of buy to let investments and increased population increases, added to of course by somewhat open boarders from the current government. Though, even if you have been more…
Christopher Walkey
Remortgaging continued to dominate in June according to UK Finance
Latest news release from UK Finance dated 14th August 2018 headlines ‘House purchase activity slows in June but remortgaging activity remains high’. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance said: “Remortgaging continued to dominate in June with borrowing figures up 13 per cent on the same period last year as…
Allen Walkey
Average price of a property for June 2018 in UK was £228,384 according to latest HPI from HM Land Registry
Latest UK House Price Index Summary – June 2018 from HM Land Registry reveals that the average price of a property in the UK was £228,384. The report stated that UK house prices rose by 3.0% in the year to June 2018, down from 3.5% in the year to May 2018. This is the lowest…
Allen Walkey
House prices fall overall in August in England and wales according to Home.co.uk
Latest Home.co.uk Asking Price Index report – August 2018 headlines ‘Home Price Falls Spread Across More Regions’. According to Home.co.uk, Home prices in England and Wales fell overall by 0.3% this month, the largest falls were in London and the South East. The report reveals that home prices have experienced a downward correction in the…
Allen Walkey
Social Housing green paper offers ‘New Deal’ for social housing residents
Press release 14th August 2018 from Ministry of Housing, Communities & Local Government and The RT Hon James Brokenshire MP A ‘new deal’ for social housing residents, as part of the government’s commitment to make a housing market fit for the future has been launched by Secretary of State for Communities Rt Hon James Brokenshire…
Allen Walkey
Average UK monthly rent for July 2018 is now £937 according to Homelet
Latest Homelet Rental Index report – July 2018 data reveals reveals that average rents across the UK rose by 1.3% in July 2018 when compared to the same month a year previously; the average monthly rent is now £937. Rents in London increased by 3.3% in July 2018 than in the same month of 2017;…
Allen Walkey
Prices fell again in July on a monthly basis according to LSL
Latest LSL Property Services/Acadata England & Wales House Price Index report – July 2018 headlines ‘Average house price in England and Wales now £302,251’ On a monthly basis, prices fell again in July, for the fifth month in succession: down 0.2%, leaving the average house price at £302,251. The figure is still up on an…
Allen Walkey