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Business confidence remains unchanged according to lLloyds Bank Business Barometer
Overall business confidence – an average of business prospects and economic optimism – remains unchanged at 29% in July, according to the latest Business Barometer from Lloyds Bank Commercial Banking. The report revealed that construction (48%) and manufacturing (38%) were the most confident sectors, while the weakest were transport & communication (28%) and other services…
Allen Walkey
Slight uptick in annual house price growth according to Nationwide
Latest Nationwide House Price Index report – July 2018 released today headlines ‘July sees modest rebound in annual house price growth’. The report reveals that annual house price growth picks up to 2.5% and that prices rose 0.6% month-on-month. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said: “There was a slight uptick in…
Allen Walkey
A £2.5 million drop in profits – Can Foxtons Take it?
A drop in profits is never good for any business though is the latest £2.5 million drop in profits at Foxtons an internal issue of simply a sign of the current market? Sales dropping, interest dropping in purchasing, stocks of listings increasing – Has this latest negative news from one of the UK’s most famous…
Christopher Walkey
BUILD UK DOES NOT REPRESENT THE CONSTRUCTION INDUSTRY ON FAIR PAYMENT
Under new government transparency rules, Build UK has published details concerning the payment performance of its top 24 member companies. The data reveals that top contractor members of Build UK take more than 30 days to pay invoices. This takes place despite Build UK members having signed up to the Construction Supply Chain Payment Charter,…
EAN Content
Number of properties available to rent slowly rising according to ARLA Propertymark
Latest ARLA Propertymark Private Rented Sector Report – June 2018 headlined ‘Rising Rents Hit 10 Month High’. The report reveals that the number of tenants experiencing rent hikes rose to 35 per cent in June, up from 28 per cent in May, this is the highest level since August 2017 when the same 35 per…
Allen Walkey
Scottish Private Rented Sector Pushes On To Record High
• Annual growth rate in Edinburgh leaps forward • Glasgow clear as Scotland’s second priciest city • Demand for large properties continues from family renters • National Average now £799 per month growth Scotland Amidst all the changes in the Scottish PRS, the latest Citylets Report for Q2 2018 records very much business as usual…
EAN Content
Annual growth rate of mortgage lending was unchanged in June at 3.2% according to BOE
Bank of England (BoE) statistical news release – Money and Credit – June 2018 published today 30th July 2018. The annual growth rates of consumer credit and mortgage lending were unchanged in June, at 8.8% and 3.2% respectively according to BoE. Mortgage Lending from the news release. In June, the annual growth rate for mortgage…
Allen Walkey
Record half year performance from Chestertons’ Lettings division
Chestertons has today announced record lettings results for the first half of 2018, as growth in market share and increased productivity helped boost profits by 62% against the same point last year. Despite the number of available rental properties being 10% lower than 2017, consistent with reduced supply across the lettings market, demand from tenants…
EAN Content
Over 85,000 sales received for registration in June 2018 according to HM Land Registry
Latest HM Land Registry Price Paid Data for June 2018 published in July 2018. June 2018 – Price Paid Data includes details of more than 85,000 sales of land and property in England and Wales that HM Land Registry received for registration in the month. Of the 85,493 sales received for registration in June 2018:…
Allen Walkey
Private rental prices paid by tenants in GB increased by 1% in year to June 2018 according to ONS
The latest Index of Private Housing Rental Prices, Great Britain – June 2018 released by Office for National Statistics (ONS) July 2018. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Private rental prices paid by tenants in Great Britain rose by 1.0% in the 12 months…
Allen Walkey
London leads asking rent annual rise for first time since 2014
-Asking rents in Greater London increased to an average of £2,000 per month in Q2 2018, making it the region with the highest annual rate for the first time since Q4 2014 -The rebound is fuelled by a lack of new property choice for renters in London (down 3.5% on the same quarter last…
Rightmove
OnTheMarket announces over 10,000 agent branches now contracted
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, today announces that, as of 24 July, it has signed listing agreements with UK estate and letting agents with more than 10,000 offices as momentum continues to build in support of the portal. The announcement states: This increase of over 4,500 branches since Admission…
Allen Walkey
Growth in mortgage lending continues to be driven by remortgaging according to UK Finance
UK Finance latest Household Finance Update – June 2018 reveals that estimated gross mortgage lending for the total market in June is £23.5bn, 2.1 per cent higher than a year earlier. The number of mortgage approvals by the main high street banks in June fell by 2.1 per cent compared to the same month a…
Allen Walkey
John Cleese’s ‘Don’t mention the War / Brexit!’
How Brexit has broken up many friendships, marriages, divided families and much, much more… Let’s face it, for a majority of us it is either Leave or Remain and there is no middle ground! Anyway, if an ounce of democracy still exists here in the UK then records will show that Leave won and that…
Christopher Walkey
Revised NPPF shows the Government lacks ambition to tackle housing crisis
The National Federation of Builders (NFB) regrets the Government rolling back on several of its more radical approaches, which were laid out in the draft proposal of the National Planning Policy Framework (NPPF). The Government has published the revised NPPF, which replaces the previous framework from 2012. However, the inclusion of social rent and starter…
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