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Rental market grew in 2017 according to Countrywide
The latest Countrywide plc Monthly Lettings Index – January 2018 released this week reveals that rising rents and more households renting means 2017 was a record year for total rent, last year tenants in Great Britain paid a record £51.6 billion in rent, an increase of £1.8 billion on the previous year and more than…
Allen Walkey
OTM founder member signs long term listings agreement with ZPG
ZPG Plc which owns and operates some of the UK’s leading digital property platforms including Zoopla, PrimeLocation, Property Software Group and Hometrack, today announces that one of the OTM founder members, Douglas & Gordon, has signed a new long term listings agreement with ZPG. Douglas & Gordon, which operates 18 offices across London, will now…
Allen Walkey
Private rental prices paid by tenants in Great Britain rose by 1.1% in the 12 months to January 2018 according to ONS
Latest Statistical Bulletin from the Office for National Statistics released 13th February 2018 – Index of Private Housing Rental Prices, Great Britain – January 2018. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Main points included in the release: Private rental prices paid by tenants in…
Allen Walkey
Better standards for Nottingham’s private rents as new licensing scheme gets green light
Private tenants in Nottingham will benefit from better quality accommodation and greater protection from rogue landlords after the Government approved a new licensing scheme. The City Council scheme covering over 30,000 privately rented homes in Nottingham is the largest outside London to be given approval by the Secretary of State. A report by the BRE…
EAN Content
Average UK house prices have risen by 0.4% since November 2017 according to HM Land Registry data
Latest UK House Price Index for December 2017 published 13th February 2018 from HM Land Registry. The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The December data shows: On average, house prices have risen by 0.4% since November 2017, an annual price rise of 5.2%,…
Allen Walkey
Weaker figures for mortgage lending in December 2017 according to UK Finance
Latest news release from UK Finance headlines ‘First-time buyers in 2017 reach decade-high but market cools in December’ UK Finance states: Mortgage lending for first-time buyers, home movers and buy to let purchases all fell in December 2017 compared to the previous year, UK Finance’s latest mortgage trends update reveals. However, 2017 overall saw the…
Allen Walkey
No signs of recovery in London as downward slide continues according to Home.co.uk
The latest Home.co.uk Asking Price Index report – February 2018 released today headlines ‘Midlands Forges Ahead while London Prices Slide.’ The report shows strong price growth in the Midlands and Yorkshire keeps national average positive despite London falls, there are no signs of a recovery for London as the downward 21 month slide continues. The…
Allen Walkey
Slowdown in London extends to South East and North East
The latest LSL/Acadata E&W House Price Index – January 2018 – released 12th February headlined ‘HOUSE PRICES EDGE UP IN JANUARY.’ House prices in England and Wales increased by 0.2% in January, the average house price is now £301,477, according to the latest index. The House Price Index report reveals falls were recorded in London…
Allen Walkey
‘Illegal Subletting fine’ for Brent Estate Agency
With a false business address of Willesden High Road, Easy Let Agency was reported to have deceived landlords by leasing property with illegal subletting intentions according to Brent Council. The Brent estate agency has now received a large fine for the act of illegal subletting property. Easy Let that operates under Focus Property Management Limited…
EAN Content
ZPG reports a record 68 million visits to its platform in January
ZPG Plc in its latest news release 9th February 2018 reported a record 68 million visits to its platform in January. ZPG states: Consumer traffic to ZPG’s property websites hit a record high of over 58 million visits during January, up 10% year on year with mobile traffic accounting for 60% of visits. And visits…
Allen Walkey
Overall mortgage arrears and possessions continuing to decline.
Latest UK Finance – Mortgage Arrears and Possessions Update – February 2018 reveals: There were 82,800 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the fourth quarter of 2017, that is 7% fewer than in the same quarter of the previous year. Within the total, there were 24,700…
Allen Walkey
Bank of England announces Interest rate maintained at 0.5%
The Bank of England announced yesterday 8th February that the Monetary Policy Committee (MPC) at its meeting ending on 7 February 2018, voted unanimously to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10…
Allen Walkey
Average rents across UK rose by 2.4% in January 2018 compared to previous January 2017 according to Homelet
The latest Homelet Rental Index report – January 2018 data released today reveals that average rents across the UK rose by 2.4% in January 2018 when compared to the same month a year previously. According to Homelet report the average monthly rent for the UK for January 2018 is now £909, when London is excluded,…
Allen Walkey
UK housing market continues to be weak at start of 2018 according to RICS
The latest RICS UK Residential Market Survey – January 2018 released today reveals that the UK housing market has started the new year off in a similar fashion to the closing stages of 2017. Enquiries, sales and instructions remain negative according to the survey, the picture across the country shows prices have edged higher at…
Allen Walkey
UK house prices fall again in January on a monthly basis according to Halifax
The latest Halifax House Price Index report – January 2018 released today headlines ‘Annual House Price Growth Slows To 2.2%’ The report states: Prices in the last three months to January were 2.2% higher than in the same three months a year earlier, although the annual change in January was lower than in December (2.7%)….
Allen Walkey