Breaking News
Arrears and possessions at all-time historic low according to UK Finance
Mortgage arrears and possessions continue to remain historically low is the headline of the latest news report from UK Finance. The news report from UK Finance reveals that there were 76,740 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of 2018, 8 per cent fewer…
Allen Walkey
Rents in UK expected to continue to rise over next 5 years according to RICS
The latest RICS UK Residential Market Survey – July 2018 released today headlines ‘Rents to continue to rise, as supply of new property to let drops again’. The survey highlights the continued reduction of new property being put on the market in the lettings sector with 22% more respondents seeing a fall rather than rise…
Allen Walkey
Robert Oulsnam and Company a 12 Branch Estate and Lettings Agent now listing with OnTheMarket
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Robert Oulsnam and Company, a 12 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. Founded in 1971, Robert Oulsnam and Company has 12 offices in the West Midlands, Worcestershire and south Birmingham. Andrew Oulsnam, Director, said:…
Allen Walkey
Energy efficient homes are good for tenants and good for landlords says RLA
Read latest news story from Residential Landlords Association (RLA) released 8th August 2018: ‘Greater Ambition Needed on Energy Efficiency of Rented Homes’. LANDLORDS are calling on the Government to be more ambitions when it comes to the energy efficiency of rented housing. Since April, all new or renewed private sector tenancies require properties to have…
Allen Walkey
House prices picked up in July according to Halifax
Latest Halifax House Price Index report – July 2018 released today headlines ‘Annual House Price Growth Rises to 3.3% in July’. The Halifax report reveals house prices in the three months to July 2018 were 3.3% higher than in the same three months a year earlier. On a monthly basis, prices rose by 1.4% in…
Allen Walkey
Government proposed model for 3 year tenancy with a 6 months break clause. (Consultation)
Open Consultation from the Ministry of Housing,Communities and Local Government published 2nd July 2018. The government is committed to increasing security for tenants in the private rented sector while balancing landlords’ needs to regain their properties when their circumstances change. This consultation invites view and comments on the benefits and barriers of landlords offering longer…
Allen Walkey
Buyer numbers up by 30%
Half year figures released by top London estate agent Chestertons, have revealed that the number of new buyers registering has risen by 30% year-on-year and viewing numbers are up 15%, resulting in a 19% uplift in agreed sales. Following a sustained period of price reductions throughout 2017, Chestertons’ figures show that prospective buyers flooded back…
EAN Content
London rental market prices fall over last year according to Your Move
Latest Your Move England and Wales Rental Tracker report – June 2018 data – July report headlines ‘London rental market continues to cool.’ The London rental market has continued to cool, with prices falling by 0.5% in the last 12 months, according to the Your Move Rental Tracker. The report reveals that across all regions,…
Allen Walkey
Countrywide Shares – A safe investment punt?
Looking at the very recent tumble in share value of Countrywide – Is it now at a value that is worth investing in? Such a nationally recognised brand surely must have within its tanks some fuel to re-ignite its presence within high street estate agency? Countrywide can not go from somewhat hero status to zero…
Christopher Walkey
Rents have risen 60% faster than average wages across England according to new research by housing charity Shelter.
New research from Housing Charity Shelter reveals that rents have raced 60% faster than wages since 2011 across England and it shows this crisis is spilling out of cities and into leafy English market towns and suburbs like Tunbridge Wells, Sevenoaks and Milton Keynes. Research report ‘Rentquake’ hits middle England as rents race above wages…
Allen Walkey
Bank of England announces bank rate rise to 0.75%, highest since 2009
The Bank of England yesterday announced a bank rate rise to 0.75% which is the highest since 2009. The Bank of England’s Monetary Policy Committee (MPC) at its meeting 1st August 2018 voted unanimously 9-0 to increase base rate by 0.25% to 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade…
Allen Walkey
Chestertons comments on Interest Rates Rise to 0.75% by Bank of England
Guy Gittins, Managing Director, Chestertons “Today’s increase in the Bank of England’s base rate from 0.5 per cent to 0.75 per cent has been largely anticipated for the last six months and therefore the impact on the property market is likely to be minimal. “86% of new mortgages taken out in the last two years…
EAN Content
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