Breaking News
Home affordability across UK cities is now at a ten-year low according to Lloyds Bank
News release today – Lloyds Bank’s Affordable Cities Review headlines ‘Affordability of city homes hits ten-year low’ Home affordability across UK cities is at its worst level since 2007, according to Lloyds Bank’s Affordable Cities Review, with house prices rising as a multiple of average annual earnings from 5.6 in 2012 to 7.0 in 2017. …
Allen Walkey
Annual house price growth picked up in January according to Nationwide.
Nationwide House Price Index report – January 2018 released today headlines ‘Unexpected pickup in annual price growth in January’ Annual house price growth accelerates to 3.2%, up from 2.6% the previous month according to Nationwide. Month-on-month pace of increase was steady at 0.6%, the same as the month of December 2017. Commenting on the figures,…
Allen Walkey
More than 150,000 of the most affordable rented homes have been lost across England in just 5 years according to the CIH.
New analysis from the Chartered Institute of Housing (CIH) reveals that more than 150,000 of the most affordable rented homes have been lost across England in just 5 years. CIH states: Based on current trends, CIH is projecting that 230,000 homes for social rent will have been lost between 2012 and 2020 – 158,642 council…
Allen Walkey
First Time Buyers take advantage of a quieter month in December says naea/propertymark
Latest naea/propertymark Housing Report – December 2017 headlines ‘First Time Buyers Capitalise on December Housing Slump’ The report found that the number of house hunters registered per estate agent branch fell by 20 per cent in December, and that in line with this, the rate of sales per branch also fell. First Time Buyers…
Allen Walkey
Interest-only mortgage holders at risk of losing their homes.
Recent press release from the Financial Conduct Authority (FCA) published 30th January 2018 headlines ‘FCA urges action on interest-only mortgages.’ Home owners with interest-only mortgages are being urged to contact their lenders to discuss their repayment options , the FCA found that many people have not talked to their lender on this matter. The City…
Allen Walkey
Mortgage approvals decreased in December according to Bank of England
Statistical release published today from Bank of England – Money and Credit: December 2017. Lending to Individuals. Mortgage approvals decreased in December, with falls for both house purchase and remortgaging approvals. House purchase approvals were the weakest since January 2015 and remortgaging approvals fell to 46,475, following strength in October and November. Read the statistical…
Allen Walkey
Weak house price growth in London offsets above average growth rates in large regional cities according to Hometrack
Latest UK Cities House Price Index report – December 2017 reveals: UK city house price inflation has slowed to 5.4% as weak house price growth in London offsets above average growth rates in large regional cities. The report states: ZPG listings data shows discounts to asking prices are narrowing, indicating market conditions are improving across…
Allen Walkey
Numbers of first-time buyers increase for 6th consecutive year according to latest halifax First-Time Buyer Review.
The latest Halifax First-Time Buyer Review released 27th January 2018 headlined ‘Number of first-time buyers highest since 2007 despite deposits doubling.’ The number of first-time buyers is estimated to have reached 359,000 in 2017, an increase for the sixth consecutive year, while those taking their first step on to the property ladder are putting down…
Allen Walkey
Building sector adopting modern methods of construction according to Lloyds bank
Housebuilders are investing in modern methods of construction and skills to address a number of industry challenges as it looks to deliver growth and new homes for the future, according to new research from Lloyds Bank Commercial Banking. The third annual Lloyds Bank housebuilding report which surveys housebuilders and their supply chain, analyses the state…
Allen Walkey
Shelter’s response to new government figures on rough sleeping
Shelter’s response to new government figures on rough sleeping, which show: In Autumn 2017, 4,751 people were rough sleeping in England – a 15% increase in a year and a 169% increase since 2010 when the figures first started being recorded – this is the highest number yet. https://www.gov.uk/government/collections/homelessness-statistics#rough-sleeping. Responding to the figures, chief executive of…
Allen Walkey
Shelter’s response to the government’s English Housing Survey
Find below Shelter’s response to the government’s English Housing Survey, which show: Overall: 63% of English households are homeowners, 20% are private renters and 17% are social renters. Renters: The number of households that are private renting has risen by 74% in the last ten years (2007 – 2016/17). There has been a particularly large…
Allen Walkey
Foxtons expects trading conditions to remain challenging throughout 2018.
Foxtons Group plc today issued its trading update for the year ended 31 December 2017 ahead of its preliminary results announcement on 28 February 2018. The update states: The Group’s performance for the year was in line with the Board’s expectations. Nic Budden, CEO, said: “This was a solid performance in the context of ongoing…
Allen Walkey
UK residential property transactions count for December 2017 was 99,100 according to HMRC
The provisional seasonally adjusted UK property transaction count for December 2017 was 99,100 residential and 10,390 non-residential transactions according to HM Revenue and Customs – UK Property Transactions Count – December 2017. For Residential transactions: The seasonally adjusted estimate of the number of residential property transactions decreased by 3.9% between November 2017 and December 2017….
Allen Walkey
Alison Platt resigns as CEO of Countrywide Plc
The Board of Countrywide plc announces today that Alison Platt has resigned as Chief Executive Officer of the Group and will stand down from the Board. The Board has asked Peter Long to become Executive Chairman to which he has agreed until such time as a successor is appointed. Alison Platt commented: “Since joining in…
Allen Walkey
Housing charity Shelter launches a commission into the future of social housing
Shelter launches social housing commission in the wake of Grenfell tragedy as new stats show almost half of families in social housing ignored or refused help Housing charity Shelter launches a commission into the future of social housing to address crucial issues which have been highlighted by the Grenfell Tower Fire, as new research highlights…
Allen Walkey