Breaking News
Housing market 2017 follows similar pattern to previous year according to Halifax
Latest Halifax House Price Index report – December 2017 released today headlines ‘2017 House Price Growth Eased To 2.7%’. Halifax reveals: House prices in the three months to December 2017 were 1.3% higher than in the three months to September 2017. Russell Galley, Managing Director, Halifax Community Bank, said: “House prices in the three months…
Allen Walkey
Business confidence remains steady since last report in July according to Lloyds Bank
Latest news release from Lloyds Bank 6th January 2017 headlined ‘Business confidence remains stable as investment and hiring intentions improve’ Lloyds Bank reveals that the confidence index – an average of respondents’ expected sales, orders and profits over the next six months – was steady at 23 per cent compared with 24 per cent in…
Allen Walkey
Mortgage approvals rose in November driven by remortgaging according to Bank of England
Bank of England monthly Money and Credit statistical release published 4th January 2017 – November 2017. Lending to individuals data to the end of November 2017 include: Secured net lending remained stable in November at £3.5bn, broadly in line with the average seen since 2016. Mortgage approvals rose in November, driven by a continuing increase…
Allen Walkey
Breathing room for landlords as Making Tax Digital pushed back to 2020
Landlords up and down the country will be steeling themselves for more change from 2020, when Making Tax Digital (MTD) becomes a requirement. Thankfully, the transition to providing HMRC with quarterly updates and digital returns for small businesses and buy-to-let landlords, has been delayed until April 2020 at the earliest. Originally it was anticipated that…
EAN Content
Modest rise of 2.6% for house prices in 2017 according to Nationwide
Latest Nationwide House Price Index report – December 2017 headlines ‘House prices rise by a modest 2.6% in 2017.’ UK annual house price growth ended 2017 at 2.6%, compared with 4.5% in 2016 according to Nationwide. The Nationwide HPI report reveals that London is the weakest performing region for the first time since 2004, with…
Allen Walkey
Belvoir reports that it exceeded its 2017 target for portfolio acquisitions by its franchisees
Belvoir lettings plc the UK’s largest property franchise, reports that it exceeded its 2017 target for portfolio acquisitions by its franchisees (‘Assisted Acquisitions’), a core part of Belvoir’s growth strategy. Dorian Gonsalves, CEO of Belvoir, commented; “The Assisted Acquisitions programme has proved to be very popular within the recently acquired Newton Fallowell and Northwood networks. …
Allen Walkey
Cheltenham has highest percentage rise in house prices for 2017 according to Halifax
Latest news release from the Halifax 2nd January 2018 headlines ‘Cheltenham tops the table of 2017 house price winners’ The Gloucestershire town of Cheltenham saw the highest percentage rise in house prices of any major UK town or city in 2017, according to new research by Halifax. Thirteen towns recorded declines in house prices in…
Allen Walkey
More landlords exiting the rental market according to Belvoir
Belvoir reveals in their latest Rental Index report – Q3 September 2017. National Rental trend for England Q3 2017: Average rent £804, 0.12% year on year increase in average rents. 1.5% increase from 2016 annual average rent to Q3 2017 average rent. Dorian Gonsalves, Belvoir CEO said: “Our rental index shows that in terms of…
Allen Walkey
Property demand falls marginally in 2017 according to eMoov
The latest Q4 2017 and last eMoov National Hotspots Demand Index for 2017, shows that property demand in the UK is currently at 34%, down 6% after a tough year for UK property. The eMoov hotspots index is the longest running index of its kind, based on property demand levels. The Index reveals while the…
Allen Walkey
Rogue landlords put on notice as raft of new powers come into force.
Rogue landlords have been put on notice as government announced yesterday (28 December 2017) a raft of new measures to crack down on bad practices, stamp out overcrowding and improve standards for those renting in the private sector. In the press release from The Department for Communites and Local Government and Alok Sharma MP ‘Rogue…
Allen Walkey
Increasing numbers of first-time buyers help build mortgage activity according to UK Finance
Latest UK Finance news – Update on lending – December 2017. UK Finance estimate gross mortgage lending in November was £23.1 billion, 9 per cent higher than a year earlier, with 60 per cent of all new lending provided by High Street banks. Commenting on the data, Managing Director of Commercial and Personal Finance Eric…
Allen Walkey
Most expensive streets in England and Wales revealed
Grosvenor Crescent, located in the heart of Belgravia, London, is the most expensive residential street in England and Wales, according to the latest research from Lloyds Bank. A typical property on Grosvenor Crescent will cost an average of £16,918,000. The second most expensive street is Ilchester Place in Holland Park, with an average house price…
Allen Walkey
Range of meaures to tackle unfair and unreasonable abuses of leasehold following DCLG consultation
Consultation outcome from Department for Communities and Local Government 21st December 2017. The full outcome of the consultation which closed 19th September 2017 ‘Tackling unfair practices in the leasehold market’ can be seen here. The consultation looks at a range of measures to tackle unfair and unreasonable abuses of leasehold; in particular the sale of…
Allen Walkey
Latest UK property transaction count for November 2017 from HMRC
Monthly property transactions completed in the UK with value of £40,000 or above published 21st December 2017 from HM Revenue and Customs – November 2017. The provisional seasonally adjusted UK property transaction count for November 2017 was 104,200 residential and 11,150 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions increased…
Allen Walkey
2017’s housing market: Sudbury highest price growth, sold fastest in Livingston & Bristol most searched for place
As 2017 comes to a close Rightmove has looked at the best performing local markets across Great Britain this year. Highest asking price growth Sudbury in Suffolk comes top this year for homes increasing in value the most, with the average asking price of a property rising by 13.1% from £234,569 to £265,291. That’s compared…
Rightmove