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Price cutting is becoming the new norm as the market adapts to reduced demand according to Home.co.uk
Latest Home.co.uk Asking Price Index report – October 2018 headlines ‘Price cutting hits 7-year high as vendors’ patience wanes’. The report reveals that overall, supply of property for sale in the UK is up by 6% and the total stock for sale has increased by 10.7% year-on-year. In October 2017, the annualised rate of increase…
Allen Walkey
Rents rose in every region of GB in September, the first time since January according to Hamptons International
Latest Hamptons International Monthly Lettings Index report – September 2018 headlines ‘Landlord purchases fall by £5.2 billion in 3 years’. The report reveals that in H1 2018 landlords spent £12.1 billion on new buy-to-let purchases, £5.2 billion or 30% less than in H1 2015 (£17.3 billion). In London landlords spent £3.5 billion purchasing rental homes…
Allen Walkey
Plans to raise standards across the entire property agent sector
Much is happening in the world of property currently, and recent news shows that UK Housing Minister, Heather Wheeler MP, has it in mind to raise standards within the UK property sector thus, hopefully, supporting the likes of home buyers, sellers and tenants. It is stated that a new group of experts from the the UK…
Christopher Walkey
Average UK rents rose by 1.7% in September compared to same month a year ago according to Homelet
Latest Homelet Rental Index report – September 2018 reveals that average rents across the UK rose by 1.7% in September 2018 when compared to the same month a year previously, rents in London increased by 3% in September 2018 than in the same month of 2017 According to Homelet the average UK monthly rent is now…
Allen Walkey
RLA Response to announcement on funding to support homeless people into rented housing
Responding to the announcement of that the Government is formally launching its fund to support councils to house those who are or are at risk of becoming homeless in private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “With over one million households waiting for a social rented home, increasing numbers…
Allen Walkey
House prices remain flat nationally according to latest RICS UK residential market survey report.
Latest RICS UK Residential Market Survey – September 2018 headlines ‘Weak sales outlook causing new homebuyers cold feet.’ The report reveals that demand from new buyers nationally has weakened slightly for the second successive month, making the forward-looking sales indicators also turn a little more pessimistic. Prices remain flat nationally with regional variations still very…
Allen Walkey
Residents have their say on the future of social housing
Nottingham City Homes residents raised their tenant voice once again at their Big Conversation event to get their thoughts and ideas on the social housing Green Paper. The Government announced proposed reforms to social housing that they say will “re-balance” tenant-landlord relationships and pave the way for stronger communities. The Social Housing Green Paper was…
EAN Content
Telford Homes continue to acheive sales at a consistent rate in last few months
Telford Homes Plc; the London focused residential property developer, today provides an update on trading ahead of its interim results for the six months ended 30 September 2018 (‘H1 2019’), which will be released on Wednesday, 28 November 2018. The update mentions that despite a more uncertain backdrop Telford have continued to achieve sales at a…
Allen Walkey
Capital Gains Tax relief to encourage longer tenancies and sales to tenants in private rented housing, RLA response
Responding to proposals from the Conservative Think Tank, ‘Onward’ today for Capital Gains Tax relief to encourage longer tenancies and sales to tenants in private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “We welcome Onward’s acceptance of the need for more positive taxation in the rented sector which the RLA…
Allen Walkey
Landlords and property seen as purely investment tools to blame?
An article today by DailyMail online reports on the increasing generation of rent figures and how the Conservatives are looking to tackle this growing concern with an interest in increasing their own popularity with younger adults across the country. Certainly today, property is far more of an investment product over being actually a home, prices…
Christopher Walkey
Help in navigating the development finance process and accessing the funding for SME housebuilders
SME housebuilders are to be given help in navigating the development finance process and accessing the funding they need, following the publication of a new guide by UK Finance and the Federation of Master Builders (FMB). The guide offers practical advice to smaller housebuilders on how they should present their project to lenders to improve their chances…
Allen Walkey
Leading South England agent signs long-term agreement for its 50+ offices to list at OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that leading South of England full-service agent Andrews has signed a long-term agreement to advertise its UK residential sales and lettings properties at OnTheMarket.com. Under the long-term agreement, Andrews has also agreed actively to promote the OnTheMarket.com portal brand with digital and…
Allen Walkey
Government to reduce the human cost of late payment
The package of measures unveiled by the Small Business Minister Kelly Tolhurst will also reduce the hidden, human cost of delayed payment. According to research commissioned by the Prompt Payment Directory, 48% of the 400 construction companies polled reported depression, panic attacks, suicidal thoughts and anxiety as a result of late payments. Late payment also…
EAN Content
HBA: warmly welcomes abolition of cap on what councils can borrow to build houses
Lifting the borrowing cap for councils will diversify the housing market, stimulate industry capacity and help councils more easily meet their affordable homes requirements. The Prime Minister Theresa May has shown her commitment to help fix the housing crisis by announcing the abolition of cap on what councils can borrow to build houses, in her…
EAN Content
RLA comments on young people now facing consequences of rented homes supply crisis
Responding to a new analysis by the BBC on the cost of renting for young people, RLA Policy Director, David Smith, commented: “With a majority of under 35s living in rented housing, it is young people now facing the consequences of the supply crisis facing the private rental market. “The Government’s own data shows that…
Allen Walkey