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Shelter’s response to new government figures on rough sleeping
Shelter’s response to new government figures on rough sleeping, which show: In Autumn 2017, 4,751 people were rough sleeping in England – a 15% increase in a year and a 169% increase since 2010 when the figures first started being recorded – this is the highest number yet. https://www.gov.uk/government/collections/homelessness-statistics#rough-sleeping. Responding to the figures, chief executive of…
Allen Walkey
Shelter’s response to the government’s English Housing Survey
Find below Shelter’s response to the government’s English Housing Survey, which show: Overall: 63% of English households are homeowners, 20% are private renters and 17% are social renters. Renters: The number of households that are private renting has risen by 74% in the last ten years (2007 – 2016/17). There has been a particularly large…
Allen Walkey
Foxtons expects trading conditions to remain challenging throughout 2018.
Foxtons Group plc today issued its trading update for the year ended 31 December 2017 ahead of its preliminary results announcement on 28 February 2018. The update states: The Group’s performance for the year was in line with the Board’s expectations. Nic Budden, CEO, said: “This was a solid performance in the context of ongoing…
Allen Walkey
UK residential property transactions count for December 2017 was 99,100 according to HMRC
The provisional seasonally adjusted UK property transaction count for December 2017 was 99,100 residential and 10,390 non-residential transactions according to HM Revenue and Customs – UK Property Transactions Count – December 2017. For Residential transactions: The seasonally adjusted estimate of the number of residential property transactions decreased by 3.9% between November 2017 and December 2017….
Allen Walkey
Alison Platt resigns as CEO of Countrywide Plc
The Board of Countrywide plc announces today that Alison Platt has resigned as Chief Executive Officer of the Group and will stand down from the Board. The Board has asked Peter Long to become Executive Chairman to which he has agreed until such time as a successor is appointed. Alison Platt commented: “Since joining in…
Allen Walkey
Housing charity Shelter launches a commission into the future of social housing
Shelter launches social housing commission in the wake of Grenfell tragedy as new stats show almost half of families in social housing ignored or refused help Housing charity Shelter launches a commission into the future of social housing to address crucial issues which have been highlighted by the Grenfell Tower Fire, as new research highlights…
Allen Walkey
Changing affordable housing rules will kill off SME developers, warns Aston Mead
Leading land broker Aston Mead Land & Planning says a change to the rules on affordable housing for smaller sites would have a devastating effect on the very business the Government is trying to support. As the law stands, developments of 10 homes or fewer are excluded from the requirement to provide or contribute to…
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ZPG signs a number of further long term marketing agreements
ZPG Plc has today announced that it has signed a number of further long term marketing agreements with leading estate agency firms across the UK including Foxtons, Dexters, Andrews and Yopa. The news release from ZPG continues: As part of the new multi-year agreements each firm has committed to continuing to advertise all of their…
Allen Walkey
Average monthly rent in UK in December 2017 stands at £907 according to Homelet
Latest Homelet Rental Index report – December 2017 data reveals average rents across the UK rose by 1.7% in December 2017 when compared to the same month a year previously. The average monthly in the UK rent is now £907, when London is excluded, the average UK rental value was £758 in December 2017, this…
Allen Walkey
Stamp duty reduction for FTB’s announced in last Autumn Budget likely to increase prices.
Today 22nd January 2018 – The Treasury Committee publishes a unanimously agreed report on the Autumn Budget 2017. In the report it highlights that the stamp duty reduction for first-time buyers (FTB’s) announced in the Budget is likely to increase the prices paid by such buyers. In the summary it stated: The Chancellor abolished Stamp…
Allen Walkey
Shelter responds to the Fitness for Human Habitation Bill
Shelter responds to the Fitness for Human Habitation Bill passing a second reading in Parliament Friday 19th January 2018: Polly Neate, Shelter’s chief executive, said: “It’s shocking that renters all over the country are forced to live in sub-standard and unsafe homes so this is an important first step towards giving them the rights they…
Allen Walkey
Disappointing fourth quarter 2017 in sales and lettings business for Countrywide PLC
Countrywide plc, announced yesterday 18th January 2018 its trading update for the year ended 31 December 2017. Countrywide announced that revenue for 2017 for the Total Group is expected to be around £672m, against £737m for 2016, fourth quarter income of £164m against £179m for 2016. The announcement stated: Total income in the sales and…
Allen Walkey
UK Housing market activity continues to drop in December according to RICS
The latest RICS UK Residential Market Survey – December 2017 released today headlines ‘Stamp duty change to have limited impact as new buyer interest drop further.’ The survey reveals that in December, activity in the UK housing market continued to drop. Buyer interest edges lower as sales and new instructions continue to decline. The report…
Allen Walkey
Highest number of homemovers in 10 years according to Lloyds Bank.
According to the latest Lloyds Bank Homemover Review, the number of people moving home is at its highest level since 2007 with over 370,300 homemovers. Greater London is the only region to see a fall in the number of homemovers in the past year. The review reveals that the average homemover house price in 2017…
Allen Walkey
Steady increases in house purchase lending and homeowner remortgaging in November 2017 according to UK Finance
The latest Mortgage Trends update for November 2017 from UK Finance released 16th January 2018 headlines ‘Mortgage Market activity bouyant during November 2017.’ The update reveals steady increases in mortgage lending for first-time-buyers and home movers compared to the previous month and the equivalent period in 2016. Commenting on the data Paul Smee, Head of…
Allen Walkey