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Rental growth slowed in February compared to the previous month according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – February 2018 published 12th March 2018 headlined “Average landlord who sold in 2017 gained £86,651” The report reveals: The average landlord who sold their rental property in 2017 did so for £86,651 more than they paid for it, having owned the home for an average of…
Allen Walkey
Salaries for UK property professionals increased to a 10 year high in 2018
The Royal Institute of Chartered Surveyors (RICS) and Macdonald & Company revealed in their latest salary survey report, that salaries for UK property professionals increased in 2018, to a 10 year high, with RICS chartered status continuing to boost wages. Salaries for London’s property professionals have hit their highest level since the financial crash. The…
Allen Walkey
Government must act now to protect high rise residents, say Salford and Greater Manchester Mayors
GREATER Manchester leaders are urging Government to provide immediate funding to carry out urgent fire safety work and protect hard-pressed local residents. In a letter to the Secretary of State for Housing, Communities and Local Government Sajid Javid, the Mayor of Greater Manchester Andy Burnham calls for urgent action to help local authorities, housing providers,…
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Average Rents in February 2018 rose compared to same month 2017 according to Homelet
Latest Homelet Rental Index report – February 2018 reveals average rents across the UK rose by 1.2% in February 2018 when compared to the same month a year previously. The average monthly rent is now £906, when London is excluded, the average UK rental value was £758 in February 2018, this is up 2.3% on…
Allen Walkey
Countrywide PLC announces poor performance in sales and lettings
Countrywide PLC today announces preliminary statement of annual results for the year ended 31 December 2017. The statement headlines: 2017 A disappointing year – 2018 Management Change and recovery plan underway. Group reported: Income for the full year was £671.9 million (2016: £737.0 million) while adjusted EBITDA was 23% lower at £64.7 million (2016: £83.5…
Allen Walkey
Fewer homes put on market in February according to RICS
RICS UK Residential Market Survey – February 2018 released today headlines ‘Further fall in housing stock as demnd also falls for the eleventh month’ The survey reveals the indicators for future activity in the UK housing market remain subdued. New buyer enquiries fall for the eleventh consecutive month as average stocks on estate agents’ books…
Allen Walkey
NFB says: NPPF review is a step in the right direction
The Government has published the consultation document on the revisions to the National Planning Policy Framework (NPPF). The document, made up of 17 chapters, formulates 43 questions tackling the local plan-making process and some of the more prominent barriers to growth. There are revisions to design, services, transport, climate change, local economy, and the green…
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Annual house price growth slows according to Halifax
The latest Halifax House Price Index report – February 2018 released today headlines ‘Annual House Price Growth slows to 1.8%’ The report reveals that House prices in the three months to February 2018 were 1.8% higher than in the same three months a year earlier. Russell Galley, Managing Director, Halifax, said: “House prices continue to…
Allen Walkey
LSL Property Services plc report robust performance in subdued market conditions
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, announced on 6th March 2018 their preliminary results for the year ended 31st December 2017. LSL report: Robust performance in subdued market conditions with Group Revenue up and full year Group Underlying Operating Profit up. Read the…
Allen Walkey
FMB responds to PM speech ‘Building a Britain fit for future’
In response to the Prime Minister’s speech, Building a Britain fit for future, Brian Berry Chief Executive of the FMB said: “Small sites tend to deliver more quickly and smaller builders, for whom short term financing is more of a concern, have every incentive to build and sell quickly. More opportunities for these smaller developments…
Allen Walkey
Shelter responds to PM speech on housing
Shelter responds to PM speech on housing. Polly Neate, CEO of Shelter, said: “We welcome today’s speech for recognising the scale of our housing emergency and the fact our current housebuilding system is clearly not fit for purpose. “The Prime Minister has shown the government is willing to take on developers and challenge them over…
Allen Walkey
Theresa May delivers speech on making housing fairer.
Prime Minister Theresa May delivered a speech on housing in East London Monday 5th March 2018 ‘Making Housing Fairer’ “On my first day as Prime Minister, I spoke on the steps of Downing Street about my desire to make this a country that works for everyone. “A country where, regardless of where you live, your…
Allen Walkey
Higher house prices helps boost equity position for second steppers according to Lloyds Bank
Latest news release from lloyds Bank released 3rd March 2018 headlines ‘ Equity gains help Second Steppers fund the £136,000 price gap to trade up’ Lloyds Bank has launched its annual Second Stepper report, which tracks the challenges faced by First-Time Sellers. The report reveals one in three (35%) of these households believe it will…
Allen Walkey
ZPG welcomes back well over 100 agent branches since Onthemarket flotation
ZPG, owner of Zoopla and PrimeLocation, reports today that it has welcomed back well over 100 agent branches since OnTheMarket floated a few weeks ago and dropped its ‘one other portal’ rule for most of its members. In the report it states: Some of the recent ZPG additions include Curchods (19 branches), Douglas & Gordon…
Allen Walkey
Supply of London rental properties at a critical point according to ARLA Propertymark
Recent press release from ARLA Propertymark reveals: ‘Supply of London rental properties at a critical point’ The press release states: The number of properties available to rent in London stood at 46 per cent below the national average in January, ARLA Propertymark reveals. more….. David Cox, Chief Executive, ARLA Propertymark comments: “The rental market in…
Allen Walkey