Breaking News
Mortgage Market softens according to UK Finance
UK Finance’s latest Mortgage Trends Update for September 2018 headlines ‘Mortgage Market Softens Following Period Of Strong Growth. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “Overall remortgaging for both residential and buy-to-let properties have levelled out after a period of strong growth. This reflects the number of fixed rate…
Allen Walkey
Foxtons delivers solid third quarter
Foxtons Group plc, London’s leading estate agency, today issued its trading update for the quarter ended 30 September 2018. The Group delivered a solid third quarter performance as the trends set out in July continued through the period. Nic Budden, CEO, said: “This was a solid quarter in a challenging market. Whether it’s securing a…
Allen Walkey
Brand new Strelley Road flats complete
he first residents are in and the brand new independent living flats at Strelley Court are now open. Nottingham City Homes have officially opened the new site, with 37 one-bedroom flats for people over 55 or who are disabled. Work started in March 2017 on the site of the old Strelley Road Library, Aspley Housing…
EAN Content
New housing court proposal will be good news for landlords and tenants says RLA
Responding to the launch of a consultation by the Government on establishing a new housing court, David Smith, Policy Director for the Residential Landlords Association, said: “The RLA called for a new Housing Court at the time of the last election and in its budget submission. It therefore welcomes this important consultation. “Improving and speeding…
Allen Walkey
Rental growth accelerated in October, highest level since February according to Hamptons International
Latest Hamptons International Monthly Lettings Index – October 2018 headlines ‘Real rents fall in 6 out of 8 regions over the last decade’. The Hamptons International report reveals that real rents (adjusted for inflation) have fallen by -2.2% in Great Britain since October 2008. This means that the average cost of living has risen more than average…
Allen Walkey
Response from RLA to government’s new funding to tackle rogue landlords
Responding to news that the Government will make £2 million of new funding available to local authorities in England to help tackle rogue landlords, David Smith, Policy Director for the Residential Landlords Association said: “We welcome news of new funding for enforcement which we have long campaigned for, but believe it must be part of…
Allen Walkey
Rents in UK rose by 2.1% for October compared to same month last year according to Homelet
The latest HomeLet Rental Index – October 2018 reveals that rents in the UK rose by 2.1% in October compared to the same month a year ago. The report also reveals that the average monthly rent now stands at £928 a month. When London is excluded, the average UK rental value was £768 in October 2018,…
Allen Walkey
House prices continue to slow down – Average price now £227,869
Is it still a string of negative news for house prices, though they still continue to rise it is now at a much slower pace… Maybe it is still positive news, depending which way you look at things, but for many it is the news they have been waiting for years to hear – Prices…
Christopher Walkey
Drop in interest from new buyers in October according to RICS
Latest RICS UK Residential Market Survey – October 2018 headlines ‘Prices, demand and supply all in decline as Brexit uncertainty persists’. In October, the fall in interest from new buyers has led to a more negative trend in house prices, according to the latest RICS UK Residential Market Survey. The report states: In October, the fall…
Allen Walkey
Property in the South East: Sound investment or money pit?
The affordability of homes in the South East of England has always been concerning, with only London overshadowing the soaring house values across the area. However, as Brexit threatens to deflate (if not burst) the bubble of London property prices, the attention of buyers has wandered to further afield to see if their money could…
EAN Content
Halifax reports lowest rate of house price growth in five years for October
Latest Halifax House Price Index report October 2018 released today headlines ‘Annual House Price Growth Slows to 1.5% – Lowest Rate in Five Years’. The report reveals that prices in the three months to October were 1.5% higher than in the same three months a year earlier – slowing from the 2.5% annual growth recorded…
Allen Walkey
Brexit uncertainty impacting London’s prime housing market according to LonRes
Latest Q3 2018 analysis of the prime London sales and lettings markets from LonRes Property Data Network (Residential Review Autumn 2018). Analysis of LonRes Prime London sales data shows: Uncertainty surrounding Brexit has biggest impact on London’s prime housing market. Commenting on the prime London housing markets Marcus Dixon, Head of Research, LonRes said: “Whatever…
Allen Walkey
Scotland’s Private Rented Sector Continues Upward Trend
• Glasgow’s rented sector roars back to life • Growth in Edinburgh accelerates • Negative annual growth eases in Aberdeen • Demand for larger, family accommodation continues Scotland The Scottish Private Rented Sector recorded another annual rise as at Q3 2018 with rents up 2.2% to stand at £789 per month on average. Continued demand…
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The NFB is not yet convinced that the Labour Party or the Conservative Party understand how homes get built
The Independent reported that Shadow Housing Secretary John Healey MP, has called on ministers to ensure that all councils have housing revenue accounts (HRAs), which can allow them to borrow in order to build new homes. The shadow housing secretary understands that some areas will entirely miss out on the opportunity to build more council homes….
EAN Content
Portico, a 17 branch estate and letting agency firm joins OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that Portico, a 17 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. Portico has offices across London, including Acton, Battersea, Bethnal Green, Bloomsbury, Camden, Chigwell, Clapham, Dulwich, Forest Gate, Fulham, Hammersmith, Highbury, Ilford, Islington, Leyton, Walthamstow…
Allen Walkey