Breaking News
Landlords in Scotland continue to earn strong returns according to Your Move
Latest Your Move Scotland – Rental Tracker – May 2018 report – April 2018 data headlines ‘Scottish rental market continues stable performance’. The report reveals that Landlords continue to earn strong returns, average rent increases of 0.2% in the last year. Edinburgh and Lothian has highest rents in Scotland with capital city rent averages £672…
Allen Walkey
UK annual house price growth slowed modestly in May according to Nationwide
Latest Nationwide House Price Index report – May 2018 released today headlines ‘Modest slowing in annual house price growth during May.’ The report reveals that annual house price growth slowed to 2.4% as prices fell 0.2% month-on-month. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK annual house price growth slowed modestly in…
Allen Walkey
Hometrack points to market conditions weakening in south eastern England.
Latest Hometrack UK Cities House Price Index report – April 2018 published today reveals that UK city house prices have grown by 4.9% over the last year. City house prices have increased 2.9% in the last three months compared to a 0.5% decline in 2017Q4 when price falls across London impacted headline growth. Large regional…
Allen Walkey
OnTheMarket’s latest milestone achievement of 8,500 offices
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that as of 25 May it has signed listing agreements with UK estate and letting agents with more than 8,500 offices. This increase of over 3,000 branches since Admission on 9 February represents growth of more than 54% in less than 4…
Allen Walkey
A healthy start to 2018 for Belvoir Lettings PLC
Belvoir Lettings PLC, the UK’s largest property franchise, issued a trading update ahead of the Group’s Annual General Meeting to be held at 11.30a.m. today. To read the Belvoir Lettings PLC trading update 29th May 2018 in full click here. Dorian Gonsalves, CEO, commented: “The Group has seen a healthy start to 2018 including increased…
Allen Walkey
April saw steady growth in mortgage lending and approvals according to UK Finance
Latest UK Finance – Household Finance Update – April 2018. Gross mortgage lending in April is estimated to have been £20.4bn, 13.3 per cent higher than a year earlier. The number of total mortgage approvals has also risen and is 11 per cent higher, this increase is primarily driven by remortagage approvals which were almost…
Allen Walkey
Rents in South West grow faster than elsewhere in England and Wales according to Your Move
Latest Your Move – England and Wales Rental Tracker – April 2018 data – May 2018 report headlines ‘South West sees fastest rising rents’. The report reveals: South West rents up 3% in a year, London still remains most expensive place to rent. Average property in capital let for £1,275 a month, well above England…
Allen Walkey
Number of homes available for private rent falls in England
Private sector tenants face being squeezed as the number of homes to rent falls says the RLA in a recent press release 24th May 2018. The RLA states: According to data published today, the number of homes for private rent in England fell by 46,000 between March 2016 and March 2017. This was the first…
Allen Walkey
Record Performance and Growth reported by ZPG
ZPG released on 23rd May 2018 their half-year results for the six months ended 31 March 2018. Business highlights Revenue up by 33% to £156.9 million and Adjusted EBITDA up by 41% to £63.4 million Like-for-like (Like-for-like growth includes a full six months trading from all acquisitions in both periods) revenue and Adjusted EBITDA increased…
Allen Walkey
UK house prices grew by 4.2% in the year to March 2018
UK House Price Index – March 2018 published yesterday 23rd May 2018 from HM Land Registry. In England, the March data shows on average, house prices have fallen by 0.3% since February 2018. The annual price rise of 4% takes the average property value to £240,949. Wales shows, on average, house prices have fallen by…
Allen Walkey
First-time buyers will pay twice as much to buy a home in London compared to elsewhere in UK
New research from Lloyds Bank reveals it now costs twice as much for first-time buyers to buy a home in London compared to anywhere else in the UK (£420,132 vs £210,515). During the past five years, the average price of a property bought by a first-time buyer in London has risen by 64%, from £255,794…
Allen Walkey
Landlords need to comply by 25th May 2018 with General Data Protection Regulations (GDPR)
Only a few days to go before the GDPR comes into force on the 25th May 2018, the RLA has warned that landlords who have not already done so need to seek urgent advice and support to ensure they are fully compliant with the law. Landlords are warned to prepare for the complexities of the…
Allen Walkey
Property prices up in Wales but transactions slump overall in England and Wales.
The latest LSL Property Services/Acadata England and Wales House Price Index report – April 2018 released 21st May 2018 headlined ‘Prices in Wales surge 4.8% as buyers rush to beat new Land Transaction Tax.’ Prices are down for the third month in a row, and the annual rate of growth has now fallen for almost…
Allen Walkey
Asking prices hit all-time high but number of sales agreed are down according to Rightmove
The latest House Price Index May 2018 from Rightmove reveals that the asking price of property coming to the market has hit a new national record with a monthly increase of 0.8% (+£2,343) pushing the average up to £308,075. Seven out of 11 regions have hit new price records this month. Record visits to Rightmove…
Allen Walkey
Ground laid for a comparatively strong second half performance says Hunters.
Hunters one of the UK’s largest franchised sales and lettings agency businesses, issued an AGM Statement and Trading Update for the first four months of the year, ahead of its Annual General Meeting held Friday 18th May 2018. The Chairman, Kevin Hollinrake, made the following statement: “So far this year we have signed nine new…
Allen Walkey