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No signs of recovery in London as downward slide continues according to Home.co.uk
The latest Home.co.uk Asking Price Index report – February 2018 released today headlines ‘Midlands Forges Ahead while London Prices Slide.’ The report shows strong price growth in the Midlands and Yorkshire keeps national average positive despite London falls, there are no signs of a recovery for London as the downward 21 month slide continues. The…
Allen Walkey
Slowdown in London extends to South East and North East
The latest LSL/Acadata E&W House Price Index – January 2018 – released 12th February headlined ‘HOUSE PRICES EDGE UP IN JANUARY.’ House prices in England and Wales increased by 0.2% in January, the average house price is now £301,477, according to the latest index. The House Price Index report reveals falls were recorded in London…
Allen Walkey
‘Illegal Subletting fine’ for Brent Estate Agency
With a false business address of Willesden High Road, Easy Let Agency was reported to have deceived landlords by leasing property with illegal subletting intentions according to Brent Council. The Brent estate agency has now received a large fine for the act of illegal subletting property. Easy Let that operates under Focus Property Management Limited…
EAN Content
ZPG reports a record 68 million visits to its platform in January
ZPG Plc in its latest news release 9th February 2018 reported a record 68 million visits to its platform in January. ZPG states: Consumer traffic to ZPG’s property websites hit a record high of over 58 million visits during January, up 10% year on year with mobile traffic accounting for 60% of visits. And visits…
Allen Walkey
Overall mortgage arrears and possessions continuing to decline.
Latest UK Finance – Mortgage Arrears and Possessions Update – February 2018 reveals: There were 82,800 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the fourth quarter of 2017, that is 7% fewer than in the same quarter of the previous year. Within the total, there were 24,700…
Allen Walkey
Bank of England announces Interest rate maintained at 0.5%
The Bank of England announced yesterday 8th February that the Monetary Policy Committee (MPC) at its meeting ending on 7 February 2018, voted unanimously to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10…
Allen Walkey
Average rents across UK rose by 2.4% in January 2018 compared to previous January 2017 according to Homelet
The latest Homelet Rental Index report – January 2018 data released today reveals that average rents across the UK rose by 2.4% in January 2018 when compared to the same month a year previously. According to Homelet report the average monthly rent for the UK for January 2018 is now £909, when London is excluded,…
Allen Walkey
UK housing market continues to be weak at start of 2018 according to RICS
The latest RICS UK Residential Market Survey – January 2018 released today reveals that the UK housing market has started the new year off in a similar fashion to the closing stages of 2017. Enquiries, sales and instructions remain negative according to the survey, the picture across the country shows prices have edged higher at…
Allen Walkey
UK house prices fall again in January on a monthly basis according to Halifax
The latest Halifax House Price Index report – January 2018 released today headlines ‘Annual House Price Growth Slows To 2.2%’ The report states: Prices in the last three months to January were 2.2% higher than in the same three months a year earlier, although the annual change in January was lower than in December (2.7%)….
Allen Walkey
Belvoir Lettings Plc announces the Group has performed well throughout the year
Belvoir Lettings PLC the UK’s largest property franchise, today released an update on the outcome of the financial year ended 31 December 2017 and the outlook for 2018. In the announcement it states: The Group has performed well throughout the year reflecting the continued underlying organic growth in franchise management service fee income, a record…
Allen Walkey
London Landlords cutting rents according to NLA
Latest news release 6th February 2018 from the National Landlords Association (NLA) reveals that London landlords are cutting rents. According to recent research by the NLA, one in five landlords (16 per cent) in outer London has reduced rents over the last year. The NLA state in their report: The research also shows that the…
Allen Walkey
Housing Implementation Taskforce discusses the progress Government is making and further actions needed to increase housing supply.
Prime Minister Theresa May yesterday 5th February 2018 chaired the inaugural meeting of the Housing Implementation Taskforce – a cross-government working group, to discuss the progress Government is making and further actions needed to increase housing supply. A Downing Street spokesperson said: “Today the Prime Minister chaired the first meeting of the Housing Implementation Taskforce at…
Allen Walkey
ASA upheld CIELA’s complaint against Purplebricks
In October of last year, the ASA upheld CIELA’s complaint against Purplebricks, finding that its “com-misery” advertisements breach the UK Code of Broadcast Advertising (BCAP) Code Rules 3.1, 3.2 and 3.33. It demanded that Purplebricks amend its advertisements to “ensure that when making a comparison to other fee models in their ads, they made it…
EAN Content
RLA supports judicial review of Right to Rent scheme
The Residential Landlords Association (RLA) is supporting a judicial review of government immigration policy. The RLA is supporting a Judicial Review of the policy being sought by the Joint Council for the Welfare of Immigrants (JCWI). The JCWI argues that the policy discriminates against foreign nationals. The RLA is also supporting a similar case brought…
Allen Walkey
Countrywide PLC agrees ammendement to finance facilities.
Last Friday 2nd February 2018 Countrywide PLC put out the following statement: Countrywide plc, the UK’s largest integrated property services group announces that on 2 February 2018 the Company agreed an amendment letter relating to its term and revolving credit facility with its lender partners which provides the Company with the financial flexibility to invest…
Allen Walkey