Breaking News
Price of property coming to market reaches record high
Prices of new-to-the-market property rise by modest 0.4% (+£1,228) this month, but enough to push the national average to a new record of £305,732 Surpasses previous national high of £304,943 set in July 2017 by 0.3%, with six out of eleven regions also hitting new peaks Record monthly visits to Rightmove in March indicate…
Rightmove
House purchases by first-time buyers and home movers reaches highest levels for February since 2007.
UK Finance’s latest mortgage trends update reveals that total homeowner house purchases, which combine both home movers and first-time buyers, reached 50,000, the highest level for February since 2007. Mortgage lending for first-time buyers, home movers and remortgagors increased in February 2018 compared to the previous year according to UK Finance. Commenting on the data,…
Allen Walkey
Number of Landlords re-mortgaging for home improvements reaches record high according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – March 2018 reveals that the number of landlords re-mortgaging to release money for home improvements has reached a record high. In the last 12 months 9,523 landlords who re-mortgaged their buy-to-let withdrew money for home improvements, that figure is more than triple the number recorded in…
Allen Walkey
Halifax research reveals ‘Mortgage Freedom day’
Halifax research reveals that today homeowners have earned sufficient, on average, to cover their mortgage payment for the rest of 2018. This is based on the average annual mortgage repayment cost of £8,039 and the average net annual income of £27,724. Halifax also reveals that there is a wide variation in ‘Mortgage Freedom’ Days across…
Allen Walkey
New taxi advertising campaign for Zoopla
Property website Zoopla, has launched a new taxi advertising campaign which will see a significant fleet of 250 London cabs fully liveried in Zoopla’s distinctive purple branding for the next 12 months. The Zoopla-branded London taxis, part of an ongoing multi-channel marketing campaign which also includes national TV, print and radio, will continue to highlight…
Allen Walkey
Number of Build to Rent homes across UK up by 30% according to new research
The British Property Federation (BPF) has published its first set of annual data on the build-to-rent sector’s growth, which shows the total number of build-to-rent homes complete, under construction and in planning across the UK has increased by 30 per cent in the past year. In the UK there are now 117,893 build-to-rent homes –…
Allen Walkey
Rents across UK show modest rise in 1st Qtr 2018 according to Homelet
The latest Homelet Rental Index report for March 2018 reveals that the average rent in the UK is now £912, up by 0.9% on the same time last year, when London is excluded, the average rent in the UK is now £759, this is up by 0.1% on last year. Rental prices across the UK…
Allen Walkey
Housing market at it’s weakest in London and South East according to RICS
The latest RICS UK Residential Market Survey – March 2018 released today reveals that momentum in the UK housing market continues to slow, as buyer demand falls for the twelfth consecutive month. Agreed sales and new buyer enquiries continue to slip at the national level, the national price indicator remains flat, weighed down by London…
Allen Walkey
Prices continue to slide in London and South East according to Home.co.uk
Latest Home.co.uk Asking Price Index report – April 2018 released today headlines ‘Oversupply Exacerbates London and South East downturn.’ Top of the headlines list in the report is: ‘London and South East prices slide again.’ The report mentions that: ‘Home prices may have nudged up this month across England and Wales but red warning lights…
Allen Walkey
Five large branch estate agency firms join onthemarket.com
Five large branch estate agency firms join OnTheMarket.com as recruitment drive sustains momentum OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that Kings Group, a 15 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. Founded in 1991, Kings Group has offices across North London, East London, Hertfordshire…
Allen Walkey
Why every self respecting householder should own a scaffold tower
You’d be hard pressed to find a home owner who doesn’t own a ladder. After all, it’s one of those DIY essentials that every home should have. But a scaffold tower? Isn’t that something only builders use? In fact, scaffold towers are often a much safer option than working with ladders, so much so that…
EAN Content
Another year of strong growth for Belvoir Group
Belvoir Lettings plc, the UK’s largest property franchise group, today announced its preliminary results for the year ended 31 December 2017. Group revenue up 14% to £11.3m (2016: £9.9m) – Profit before tax up 62% to £3.9m (2016: £2.4m) and adjusted profit before tax up 39% to £4.9m (2016: £3.5m). Dorian Gonsalves, Chief Executive Officer of Belvoir…
Allen Walkey
Halifax expects house price growth in coming months to remain close to their prediction of 3%
Latest Halifax House Price Index report – March 2018 released today reveals:House prices in the three months to March 2018 were 2.7% higher than in the same three months a year earlier. On a monthly basis, prices grew by 1.5% in March this follows a 0.5% rise in February; monthly changes can be volatile. The…
Allen Walkey
Government takes steps to professionalise the estate agent market
Press release from Ministry of Housing, Communities and Local Government and Sajid Javid MP 8th April 2018 headlined ‘Government to professionalise the estate agent market’. New measures will be introduced to professionalise the estate agent market, driving up standards and bringing an end to ‘rogue managing agents’. Estate agents will now be required to hold…
Allen Walkey
Rogue landlords face being forced out of the sector
Announcement today from Ministry of Housing, Communities and Local Government and Heather Wheeler MP. Rogue landlords face being forced out of the sector as new banning orders are brought in and a national database of offenders goes live. Rogue landlords who rent out substandard properties face being forced out of the sector as new banning…
Allen Walkey