Breaking News
Shallow government continues its drive to ‘push up’ house prices:
Once again, a decision not in the favour of the future of our nation taken by the current government, a trying to show we are doing something action that in fact will have yet again more negative repercussions for the country. Most of us will fully realise that the supposed beneficiaries of this tax break…
Christopher Walkey
Stamp duty abolished for First-Time Buyers in Autumn Budget.
Chancellor Philip Hammond delivered his Autumn Budget yesterday, the headline announcement which he left to last was that stamp duty will be abolished for all first-time buyer property purchases priced up to £300,000, with immediate effect. In the more expensive areas such as London stamp duty will be abolished on the first £300,000 of properties…
Allen Walkey
Miles Shipside comments on today’s stamp duty announcement:
Rightmove Director and Housing Market Analyst Miles Shipside comments on today’s stamp duty announcement: “First-time-buyers should think about acting quickly to take advantage of this stamp duty ban, before the extra demand it creates pushes up prices and starts to eat away at the extra cash this Stamp Duty exemption will free up. The Government…
Rightmove
Countryside announces an excellent year of growth
Countyside Properties PLC a leading UK homebuilder and regeneration partner, today released audited results for the full year ended 30 September 2017. Countryside highlighted an excellent year of growth with 28% uplift in completions and 32% increase in revenue. Commenting on the results, Ian Sutcliffe, Group Chief Executive, said: “With completions up 28%, 2017 has…
Allen Walkey
Rental price inflation slows in October according to Homelet
The latest Homelet Rental Index report – October 2017 reveals average rents across the UK rose by 0.9% in October compared to the same month a year ago. According to Homelet in October 2017, average rental values in London (£1,556) were 71.2% higher than the rest of the UK (£909). Homelet data revealed that on an annualised…
Allen Walkey
House sales increase in October 2017
Published today from HM Revenue and Customs, monthly property transactions completed in the UK with value of £40,000 or above – October 2017. The provisional seasonally adjusted UK property transaction count for October 2017 was 105,260 residential and 11,280 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions increased by 1.7% between…
Allen Walkey
Announcement to build 300,000 homes a year in the UK expected in Autumn budget.
New homes will be high on the agenda in this weeks budget according to speculation and comments from the Chancellor Philip Hammond, it is expected he will announce plans to build 300,000 homes a year in the UK. The chancellor is also expected to announce new powers for local councils when it comes to planning…
Allen Walkey
Comment from shelter on annual house building figures
Shelter comment on annual housing supply figures (2016/17) released yesterday 16th November 2017 There were 217,350 additional dwellings between 2016/2017, and increase of 15% on last year. (DCLG) However, according to government statistics out last week, the total number of affordable homes built in England last year was 41,530, well below the average over the…
Allen Walkey
Prime Minister will say there is more we can do to build the homes the country needs.
Prime Minister Theresa May will pledge that it is her personal mission to ‘build more homes, more quickly’. Speaking ahead of a visit to a housing development in Barnet, North London today (Thursday 16 November), which coincides with the publication of new statistics on housebuilding, Theresa May said: “For decades we simply have not been…
Allen Walkey
Remortgaging was particularly strong in September says UK Finance
Latest press release from UK Finance 14th November 2017 headlined ‘Prospect of rate rise boosted remortgaging in September’. On a seasonally adjusted basis, lending to first-time buyers and movers in September was higher than in August, and there were year-on-year increases by volume and value. UK Finance data shows home buyers borrowed £38.2 billion in…
Allen Walkey
ZPG reports agencies re-joining on a weekly basis.
Earlier this week ZPG owner of Zoopla and PrimeLocation, reported that the number of estate agency branches that left to join OnTheMarket (OTM) in 2015 but have subsequently abandoned OTM to re-join ZPG has now reached over 1,000. ZPG in the same report mention that: During the same period that ZPG’s UK agency branch numbers…
Allen Walkey
UK House prices have risen by 0.4% since August 2017 according to HM Land Registry
Announcement from HM Land Registry published yesterday 14th November 2017. UK House Price Index for September 2017. The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The September data for UK shows: An annual price increase of 5.4% which takes the average property value in the UK…
Allen Walkey
Private rental prices paid by tenants in Great Britain rose by 1.5% in the 12 months to October 2017 according to ONS
Statistical Bulletin released yesterday from the Office for National Statistics (ONS): Index of Private Housing Rental Prices, Great Britain – October 2017. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Main Points as mentioned in the release: Private rental prices paid by tenants in Great Britain…
Allen Walkey
TPO launches phase three of lettings fees campaign in Plymouth
The Property Ombudsman (TPO) scheme has launched phase three of its national campaign with the Chartered Trading Standards Institute (CTSI) to tackle lettings agents that are breaking the law by not displaying their fees. The next phase will see TPO contacting 117 letting agents in Plymouth and the surrounding region. Phase one and two of…
EAN Content
Rents to continue to slide and home values to follow in short term says Home.co.uk
Home.co.uk today released their Asking Price Index report November 2017 headlined ‘Don’t Panic: Stock Levels are Low and Demand Persistent.’ The summary section leads with: ‘Falling London prices and seasonal factors are weighing heavily on the national average, despite continued price growth in the country’s most vigorous regional property markets (both the East and West…
Allen Walkey