Breaking News
Average UK house prices rise 0.1% since October 2017
Announcement from HM Land Registry published 16th January 2018 – UK House Price Index for November 2017 The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The November data for UK shows: On average, house prices have risen by 0.1% since October 2017. An annual price rise…
Allen Walkey
Average house price growth slows according to LSL/Acadata E&W HPI
The latest LSL/Acadata E&W House Price Index – December 2017 headlines ‘House prices end the year up 0.2%.’ Key headlines from the report are: Average house price growth slows yet increases seen across majority of regions. Bristol sets the pace with prices up 8.9% and South West prices increase 5.3%. London prices continue to slow…
Allen Walkey
London goes from having the slowest rate of rental growth in England to the fastest.according to Countrywide
The latest Countrywide Plc Monthly Lettings Index report – December 2017 released 15th January 2018 headlines ‘Rental growth accelerates in 2017.’ Last year (2017) rents rose by an average of 2.4%, an increase from 1.8% in 2016 according to Countrywide. The Countrywide report reveals that London goes from having the slowest rate of rental growth…
Allen Walkey
Busy start to 2018 with increased home-hunter activity
Early traffic data indicates a busy start to 2018, with Rightmove visits up by an average of over 9% so far in January compared to same period last year1, averaging over 4 million visits per day Average price of property coming to market is up 0.7% (+£2,067) this month on Rightmove, tracking over 90%…
Rightmove
Support from Government on new measures to improve safety of tenants
In a press release yesterday 14th January 2018, Secretary of State for Housing Sajid Javid confirmed government support for new legislation that will help ensure rented homes are safe and give tenants the right to take legal action when landlords fail in their duties. Housing Secretary Sajid Javid said: “Everyone deserves a decent and safe…
Allen Walkey
Midlands and North currently enjoying steady price growth according to Home.co.uk
Latest Home.co.uk Asking Price Index report – January 2018 released today headlines ‘Northern House Prices Up.’ In the headlines section Home.co.uk state that: Home prices tick up by the slightest margin this month, taking the mix-adjusted average for England and Wales up 0.1% since December and 2.7% year-on-year. Home.co.uk reveal that the Midlands and the…
Allen Walkey
Rents increase at lowest rate since 2014 according to Rightmove
The latest Rental Price Tracker report from Rightmove for Q4 2017 headlines ‘Pace of annual rent rises now lowest since 2014’. New data from Rightmove shows the average asking rent across the UK, excluding London, increased by 0.7% in 2017, the lowest rate of growth since 2014. Rental growth in 2017 was significantly lower than…
Allen Walkey
20% of landlords plan on selling up
The National Landlords Association’s (NLA) latest research shows that 20% of its members plan to reduce the number of properties in their portfolio in the next year – the highest level of intended property sales in 10 years. The NLA believes this is due to recent tax changes, and has created a series of videos…
EAN Content
House Builder Barratt Developments Plc delivers strong first half performance
Barratt Developments PLC today issued a trading update in respect of the six months ended 31 December 2017 ahead of publication of its interim results on 21 February 2018. In the trading update they mention: The Group has delivered a strong first half performance, with good customer demand driven by a positive market backdrop. David…
Allen Walkey
#PropTechDen – January 2018 – London
#PropTechDen has grown to be one of the UK’s top events for proptech networking and funding taking place both in London and Manchester throughout the year. Our last event in October 2017 drew over 130 to Google Campus in London where 5 start up companies pitched to a panel of 10 VC / Investors. Next…
Allen Walkey
MARKET FIRST AS TOTAL LOSS CLIENT MONEY PROTECTION BROUGHT TO AGENTS
Let Alliance and the UK Association of Letting Agents (UKALA) have today (9 January 2018) announced a strategic partnership which will bring total loss client money protection (CMP) insurance to UKALA members. The announcement means that consumers will be able to access total loss CMP cover through their letting agent for the first time, with…
EAN Content
Taylor Wimpey achieves strong financial and operational performance in 2017
Taylor Wimpey today issued a trading statement ahead of its full year results for the year ended 31 December 2017, which will be announced on 28 February 2018. Pete Redfern, Chief Executive, commented: “We achieved a strong financial and operational performance in 2017 and are continuing to deliver against our strategy. Despite wider macroeconomic uncertainty,…
Allen Walkey
NLA responds to Cabinet reshuffle
Commenting on the formation of the new Department for Housing, Communities and Local Government (DHCLG), Richard Lambert, CEO at the National Landlords Association (NLA), said: “We welcome the Prime Minister’s announcement today. Housing strategy should be at the forefront of the Government’s thinking. “However, we hope that this works out to be more than just…
EAN Content
Lee Wainwright appointed CEO of Purplebricks’ UK operations
Purplebricks Group plc the hybrid estate agent, has announced today that Lee Wainwright has been appointed Chief Executive Officer of the Purplebricks’ UK operations with immediate effect. Commenting on the announcement, Michael Bruce, Group Chief Executive, said: “We are very fortunate to have someone of Lee’s experience and track record in the industry heading up…
Allen Walkey
Greater importance given to Housing in Theresa May’s reshuffle.
Theresa May’s reshuffle of Cabinet posts yesterday saw Rt Hon Sajid Javid MP remain, however his job title changed to the Secretary of State for Housing, Communities and Local Government. In an announcement on the government website yesterday it stated: Following the appointment of Rt Hon. Sajid Javid MP as the Secretary of State for…
Allen Walkey