Breaking News
ZPG signs a number of further long term marketing agreements
ZPG Plc has today announced that it has signed a number of further long term marketing agreements with leading estate agency firms across the UK including Foxtons, Dexters, Andrews and Yopa. The news release from ZPG continues: As part of the new multi-year agreements each firm has committed to continuing to advertise all of their…
Allen Walkey
Average monthly rent in UK in December 2017 stands at £907 according to Homelet
Latest Homelet Rental Index report – December 2017 data reveals average rents across the UK rose by 1.7% in December 2017 when compared to the same month a year previously. The average monthly in the UK rent is now £907, when London is excluded, the average UK rental value was £758 in December 2017, this…
Allen Walkey
Stamp duty reduction for FTB’s announced in last Autumn Budget likely to increase prices.
Today 22nd January 2018 – The Treasury Committee publishes a unanimously agreed report on the Autumn Budget 2017. In the report it highlights that the stamp duty reduction for first-time buyers (FTB’s) announced in the Budget is likely to increase the prices paid by such buyers. In the summary it stated: The Chancellor abolished Stamp…
Allen Walkey
Shelter responds to the Fitness for Human Habitation Bill
Shelter responds to the Fitness for Human Habitation Bill passing a second reading in Parliament Friday 19th January 2018: Polly Neate, Shelter’s chief executive, said: “It’s shocking that renters all over the country are forced to live in sub-standard and unsafe homes so this is an important first step towards giving them the rights they…
Allen Walkey
Disappointing fourth quarter 2017 in sales and lettings business for Countrywide PLC
Countrywide plc, announced yesterday 18th January 2018 its trading update for the year ended 31 December 2017. Countrywide announced that revenue for 2017 for the Total Group is expected to be around £672m, against £737m for 2016, fourth quarter income of £164m against £179m for 2016. The announcement stated: Total income in the sales and…
Allen Walkey
UK Housing market activity continues to drop in December according to RICS
The latest RICS UK Residential Market Survey – December 2017 released today headlines ‘Stamp duty change to have limited impact as new buyer interest drop further.’ The survey reveals that in December, activity in the UK housing market continued to drop. Buyer interest edges lower as sales and new instructions continue to decline. The report…
Allen Walkey
Highest number of homemovers in 10 years according to Lloyds Bank.
According to the latest Lloyds Bank Homemover Review, the number of people moving home is at its highest level since 2007 with over 370,300 homemovers. Greater London is the only region to see a fall in the number of homemovers in the past year. The review reveals that the average homemover house price in 2017…
Allen Walkey
Steady increases in house purchase lending and homeowner remortgaging in November 2017 according to UK Finance
The latest Mortgage Trends update for November 2017 from UK Finance released 16th January 2018 headlines ‘Mortgage Market activity bouyant during November 2017.’ The update reveals steady increases in mortgage lending for first-time-buyers and home movers compared to the previous month and the equivalent period in 2016. Commenting on the data Paul Smee, Head of…
Allen Walkey
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