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Average house now selling for just under 4% below asking price according to Zoopla
The latest research from Zoopla reveals property sales values are sliding further from asking prices, with the average home in England and Wales now being sold for 3.86% under the price it was originally marketed for. In the news article published last week by Zoopla they also revealed that the asking-to-selling price gap is 0.32% bigger than last year. Homes in…
Allen Walkey
Consumer Code for New Homes celebrated approval by the Chartered Trading Standards Institute
The Consumer Code for New Homes (CCNH) celebrated its formal approval by the Chartered Trading Standards Institute (CTSI) Consumer Code Approval Scheme at Westminster this week. CCNH is the only CTSI Approved Code in the new build sector which is backed by an industry collective of warranty bodies. The launch was attended by high profile…
EAN Content
November annual house price growth remains the same as October at 2.5% according to Nationwide HPI
The latest Nationwide House Price Index report released today headlines ‘Annual house price growth steady in November’. The report reveals that annual house price growth remains stable at 2.5%, the same rate as in October 2017. A modest 0.1% month-on-month increase which is down from 0.2% in the previous month. The changes in stamp duty…
Allen Walkey
The Conveyancing Association announces first completion of property transaction under ‘Conveyancer’s Code for Completion’.
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, yesterday (29th November 2017) announced the first house purchase/sale completion has taken place under the terms outlined in the CA’s own ‘Conveyancer’s Code for Completion’. The first Completion of a property transaction has now taken place under the Code for Completion and was…
Allen Walkey
ZPG announces another year of record performance across the business and the acquisition of Calcasa
ZPG PLC today announces full-year results for the twelve months ended 30 September 2017. Commenting on today’s announcement Alex Chesterman, Founder & CEO of ZPG Plc said: “We are delighted to have delivered another year of record performance across the business as we continued to provide increased transparency to our consumers and efficiency to our…
Allen Walkey
Telford Homes on track to deliver over £40 million profit before tax for FY 2018
Telford Homes Plc the residential property developer focused on non-prime London, today announces its interim results for the six months ended 30 September 2017. Jon Di-Stefano, Chief Executive of Telford Homes, commented: “Telford Homes is firmly on track to deliver profit before tax in excess of £40 million for the year to 31 March 2018,…
Allen Walkey
ZPG agrees long term extension of their existing relationship with LSL
ZPG Plc announced earlier this week that it has signed a new long term portal agreement with LSL Property Services Plc, the UK’s third largest estate agency group. As part of the new agreement, LSL, which owns several brands in the UK including Your Move, Reeds Rains and Marsh & Parsons, with over 500 estate…
Allen Walkey
Sales lodged for registration in October 2017 according to HM Land Registry
News release from HM Land Registry published today – October 2017 Price Paid Data. This month’s Price Paid Data includes details of more than 101,000 sales of land and property in England and Wales that HM Land Registry received for registration in October 2017. Of the 101,008 sales received for registration in October 2017: 74,649…
Allen Walkey
Estate Agents Join West London Trial Of Homeowner Software
Ten estate agents in West London have joined a trial of a new online home logs being launched by local tech start-up Chimni that could see homeowners link directly into agent and portal systems. West London based tech start-up Chimni is teaming up with ten local Estate Agents in to trial a new online home…
EAN Content
House price to salary ratio for London has hit a record high according to Hometrack
The latest Hometrack UK Cities House Price Index – October2017 reveals UK city house price inflation increases to 6.1% with robust growth in regional cities. The house price to salary ratio for London has hit a record high at 14.5x earnings, the average house price in London reached £496,000 in October, and average earnings were…
Allen Walkey
Flurry of remortgage activity in October according to UK Finance
UK Finance latest update on lending – November 2017 released end of last week for the month October 2017 reveals: Strength in remortgage activity amongst homeowners, alongside stronger first-time buyer numbers, are likely to have been the drivers of mortgage lending in October. Commenting on the data, UK Finance’s Senior Economist Mohammad Jamei said: ‘The anticipated…
Allen Walkey
Shelter issues warning ahead of critical Christmas season
Shocking new figures show Shelter received a call for help every 22 seconds in the run up to Christmas last year, and the charity is warning that the situation this winter could be set to get worse. New research from Shelter and M&S shows that in 2016 the charity’s helpline received over a hundred thousand…
Allen Walkey
ZPG confirms no plans to make another offer for GoCompare
ZPG confirmed yesterday 23rd November 2017 that it does not plan to make another offer for GoCompare. As per the statement contained in the announcement from ZPG ‘Further to the announcements by ZPG Plc (“ZPG”) and Gocompare.com Group plc (“GoCompare”) in relation to ZPG’s possible offer for the entire issued and to be issued share…
Allen Walkey
Borrowing by home movers grows strongly in third quarter in London according to UK Finance
News report with data out today from UK Finance headlines ‘Lending in London grew strongly in third quarter’. Uk Finance report that in the third quarter of 2017 in London home buyers borrowed £6.74 billion for house purchase, up 10 per cent quarter-on-quarter and 13 per cent year-on-year. First-time buyers borrowed £3.31 billion, up seven…
Allen Walkey
UK Finance response to Autumn Budget 2017
Responding to the Chancellor’s budget, Stephen Jones, Chief Executive, UK Finance said: “At a time when there is still much uncertainty about the nature of the UK’s relationship with the EU and the impact this will have on future cross-border trade this was rightly a Budget focused on investing in UK plc. “Today’s announcements start…
Allen Walkey