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LSL Property Services plc report robust performance in subdued market conditions
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, announced on 6th March 2018 their preliminary results for the year ended 31st December 2017. LSL report: Robust performance in subdued market conditions with Group Revenue up and full year Group Underlying Operating Profit up. Read the…
Allen Walkey
FMB responds to PM speech ‘Building a Britain fit for future’
In response to the Prime Minister’s speech, Building a Britain fit for future, Brian Berry Chief Executive of the FMB said: “Small sites tend to deliver more quickly and smaller builders, for whom short term financing is more of a concern, have every incentive to build and sell quickly. More opportunities for these smaller developments…
Allen Walkey
Shelter responds to PM speech on housing
Shelter responds to PM speech on housing. Polly Neate, CEO of Shelter, said: “We welcome today’s speech for recognising the scale of our housing emergency and the fact our current housebuilding system is clearly not fit for purpose. “The Prime Minister has shown the government is willing to take on developers and challenge them over…
Allen Walkey
Theresa May delivers speech on making housing fairer.
Prime Minister Theresa May delivered a speech on housing in East London Monday 5th March 2018 ‘Making Housing Fairer’ “On my first day as Prime Minister, I spoke on the steps of Downing Street about my desire to make this a country that works for everyone. “A country where, regardless of where you live, your…
Allen Walkey
Higher house prices helps boost equity position for second steppers according to Lloyds Bank
Latest news release from lloyds Bank released 3rd March 2018 headlines ‘ Equity gains help Second Steppers fund the £136,000 price gap to trade up’ Lloyds Bank has launched its annual Second Stepper report, which tracks the challenges faced by First-Time Sellers. The report reveals one in three (35%) of these households believe it will…
Allen Walkey
ZPG welcomes back well over 100 agent branches since Onthemarket flotation
ZPG, owner of Zoopla and PrimeLocation, reports today that it has welcomed back well over 100 agent branches since OnTheMarket floated a few weeks ago and dropped its ‘one other portal’ rule for most of its members. In the report it states: Some of the recent ZPG additions include Curchods (19 branches), Douglas & Gordon…
Allen Walkey
Supply of London rental properties at a critical point according to ARLA Propertymark
Recent press release from ARLA Propertymark reveals: ‘Supply of London rental properties at a critical point’ The press release states: The number of properties available to rent in London stood at 46 per cent below the national average in January, ARLA Propertymark reveals. more….. David Cox, Chief Executive, ARLA Propertymark comments: “The rental market in…
Allen Walkey
Mortgage approvals increased in January for both house purchase and remortgaging according to BOE
Statistical release from the Bank of England published 1st March 2018. The monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses. Lending to individuals – data to the end of January 2018. Annual growth in secured lending was unchanged at 3.3%…
Allen Walkey
UK house price growth slows in February compared to previous month according to Nationwide
Latest Nationwide House Price Index report – February 2018 released today headlines ‘House price growth falls back in February’ The report reveals that annual house price growth slows to 2.2% from 3.2% the previous month. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “After picking up unexpectedly in January, UK house price growth…
Allen Walkey
2017 was another strong year for Taylor Wimpey PLC
Taylor Wimpey PLC yesterday 28th February released their full year results for the year ended 31 December 2017. Pete Redfern, Chief Executive, commented: “2017 was another strong year for Taylor Wimpey and we enter 2018 in a good position with positive forward momentum. We have been encouraged by early trading patterns at the start to…
Allen Walkey
Will fresh funding deliver for coastal communities?
The Government has announced that the fifth round of the Coastal Communities Fund (CCF) in England is open for expressions of interest. The fund, which has seen 295 projects benefit from a total of £174 million in grants since 2012, will make £40 million available between April 2019 and March 2021. Only projects worth more…
EAN Content
London Housing Slump hands Foxtons a 65% dive in profits
“We are pleased to have delivered a performance in line with market expectations. However, sales activity in the London property market is near historic lows and this had a significant impact on our overall performance in 2017.” Comments by Nic Budde who joined Foxtons in 2005 as its Chief Operating Officer. Full report can be read here…
EAN Content
Speech from The Hon Liam Fox MP ‘Britains Trading Future’
Speech delivered by Dr Liam Fox at Bloomberg 27th February 2018 in London outlining the government’s vision for the UK’s commercial future, and our leadership role in the global economy. Please see Transcript of the speech, exactly as it was delivered on 27th February 2018 click here.
Allen Walkey
Shelter responds to new government figures on unsafe cladding following the Grenfell Tower fire
Shelter responds to new government figures on unsafe cladding following the Grenfell Tower fire Official figures released on flammable cladding similar to that used on Grenfell Tower show: Across the country there are currently 301 buildings over 18m with similar cladding to that used at Grenfell. 158 of these are social housing buildings. Of the…
Allen Walkey
Sales to First-Time Buyers fall in January compared to previous month according to NAEA Propertmark.
Latest Housing Market report from NAEA Propertymark headlines ‘House-Hunters Flood The Market’ The report reveals that the number of house-hunters looking for new homes rose by 37 per cent in January. January saw an influx of sellers marketing their properties, the supply of available properties increased to 36 per branch on average, from 33 in…
Allen Walkey