Breaking News
Mortgage approvals increased in January for both house purchase and remortgaging according to BOE
Statistical release from the Bank of England published 1st March 2018. The monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses. Lending to individuals – data to the end of January 2018. Annual growth in secured lending was unchanged at 3.3%…
Allen Walkey
UK house price growth slows in February compared to previous month according to Nationwide
Latest Nationwide House Price Index report – February 2018 released today headlines ‘House price growth falls back in February’ The report reveals that annual house price growth slows to 2.2% from 3.2% the previous month. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “After picking up unexpectedly in January, UK house price growth…
Allen Walkey
2017 was another strong year for Taylor Wimpey PLC
Taylor Wimpey PLC yesterday 28th February released their full year results for the year ended 31 December 2017. Pete Redfern, Chief Executive, commented: “2017 was another strong year for Taylor Wimpey and we enter 2018 in a good position with positive forward momentum. We have been encouraged by early trading patterns at the start to…
Allen Walkey
Will fresh funding deliver for coastal communities?
The Government has announced that the fifth round of the Coastal Communities Fund (CCF) in England is open for expressions of interest. The fund, which has seen 295 projects benefit from a total of £174 million in grants since 2012, will make £40 million available between April 2019 and March 2021. Only projects worth more…
EAN Content
London Housing Slump hands Foxtons a 65% dive in profits
“We are pleased to have delivered a performance in line with market expectations. However, sales activity in the London property market is near historic lows and this had a significant impact on our overall performance in 2017.” Comments by Nic Budde who joined Foxtons in 2005 as its Chief Operating Officer. Full report can be read here…
EAN Content
Speech from The Hon Liam Fox MP ‘Britains Trading Future’
Speech delivered by Dr Liam Fox at Bloomberg 27th February 2018 in London outlining the government’s vision for the UK’s commercial future, and our leadership role in the global economy. Please see Transcript of the speech, exactly as it was delivered on 27th February 2018 click here.
Allen Walkey
Shelter responds to new government figures on unsafe cladding following the Grenfell Tower fire
Shelter responds to new government figures on unsafe cladding following the Grenfell Tower fire Official figures released on flammable cladding similar to that used on Grenfell Tower show: Across the country there are currently 301 buildings over 18m with similar cladding to that used at Grenfell. 158 of these are social housing buildings. Of the…
Allen Walkey
Sales to First-Time Buyers fall in January compared to previous month according to NAEA Propertmark.
Latest Housing Market report from NAEA Propertymark headlines ‘House-Hunters Flood The Market’ The report reveals that the number of house-hunters looking for new homes rose by 37 per cent in January. January saw an influx of sellers marketing their properties, the supply of available properties increased to 36 per branch on average, from 33 in…
Allen Walkey
There has been continued growth in large regional cities according to Hometrack
The latest Hometrack UK Cities House Price Index report – January 2018 reveals UK city house price inflation +5% year on year. Hometrack data shows there has been continued growth in large regional cities, despite house price inflation slowing to 5.4%. Five cities register real price falls including London, where price growth has slowed to…
Allen Walkey
Gross mortgage lending in January increased by almost 10 per cent compared to the same period last year reveals UK Finance
Today UK Finance released update on lending for January 2018. The update revealed that gross mortgage lending in January is estimated to have been £21.9bn, 9.7 per cent more than a year earlier and slightly above the monthly average of £21.4bn for 2017. see other highlights…. Commenting on the data, Eric Leenders, Managing Director, Personal…
Allen Walkey
New year has started in a positive fashion for the rental market in England and Wales says Your Move
The latest Your Move England and Wales Rental Tracker – January 2018 data released February 2018 headlined ‘Strong start to the year for the Engalnd and Wales rental market’ The latest Rental Tracker reveals that average rents have increased by 2.5% in the last year, average rent now stands at £829 per calendar month. In…
Allen Walkey
WORK BEGINS ON 75 NEW AFFORDABLE HOMES FOR CRAIGMILLAR
Work has begun on 75 much needed new affordable homes at Greendykes in Craigmillar. This follows yesterday’s budget meeting of the City of Edinburgh Council where councillors agreed to a £700m capital investment plan over the next five years to build new homes on sites across the city as well as modernising existing Council homes….
EAN Content
Wales need to do more to attract talent into the construction industry
The Construction Industry Training Board (CITB) predicts that the construction industry in Wales will grow faster than any other party of the UK. According to CITB, the Welsh construction industry will create 12,250 new jobs between 2018 and 2022. Demand will be particularly high for wood tradespeople, interior fit out staff and service based roles…
EAN Content
Rightmove confirm customer numbers increased to a record high of nearly 20,500
Rightmove PLC today released their Final Results in which they revealed that revenue was up 11% year on year with growth driven by their Agency and New Homes businesses with record customer numbers, up 2% to 20,427 In the operational section they highlighted that: 1 million UK residential properties advertised on Rightmove which is a…
Allen Walkey
Chancellors now displaying its properties at OnTheMarket.com.
In a news release today, OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announces that in line with the 5-year agreement announced in November 2017, the estate agency firm Chancellors Group of Estate Agents Limited is now advertising its UK residential sales and lettings properties at OnTheMarket.com. The agreement was conditional upon…
Allen Walkey