Breaking News
An increase in the number of Landlords buying in cash according to Countrywide.
The latest Countrywide Lettings Index report – October 2017 released yesterday headlines ‘Cash landlords spend a record £21 billion’ The report reveals that: The rising number of landlords buying in cash means that over the last year they spent more than at any time in the last decade, a record 65% of landlord purchases over…
Allen Walkey
Autumn Sale as price cuts by existing sellers hit five-year high
New and existing sellers react to quieter time of year by launching their own Autumn Sale to tempt buyers: New-to-the-market sellers trim the asking price of property this month, albeit by a modest 0.8% (-£2,392) Over one-third (37%) of properties already on the market have reduced their asking price since first listing – the…
Rightmove
UK housing market has remained positive through the second half of 2017 says Taylor Wimpey in their trading statement
In their trading statement announcement released today, Taylor Wimpey Plc mentions: The UK housing market has remained positive through the second half of 2017. Customer demand continued to be robust supported by healthy employment trends, a competitive mortgage market and the Government’s Help to Buy scheme. We have experienced favorable trading patterns across our businesses,…
Allen Walkey
Shelter comments on the recent annual affordable housing figures from the government
Shelter comments on the recent annual affordable housing figures from the government which show a rise on last year, but are still well below the number that are needed, with the fewest social homes built since the Second World War. Shelter comment on annual affordable housing figures Almost two thirds of local authorities built no…
Allen Walkey
Small rise in mortgage possessions according to UK Finance
In a press release from UK Finance yesterday 9th November 2017 they reveal that: Mortgage arrears fall in the third quarter but possessions edge upwards. They state: The number of mortgages in arrears of 2.5 per cent or more of the outstanding balance fell again in the third quarter of 2017, but cases of possession…
Allen Walkey
Countrywide Plc Q3 revenue falls 7% year on year.
Countrywide plc the UK’s largest integrated property services group, issued its trading update yesterday 9th November 2017 for the quarter ended 30 September 2017. Total Group revenue for Q3 was £175.1m, an increase of 2% compared with Q2 and down 7% year on year, within estate agency, Q3 revenue was £47.8m (2016: £57.0m). Third quarter…
Allen Walkey
DIRECTOR’S WHEELIE BIG CHARITY ADVENTURE
6am starts, 40-degree heat and cycling up hills upon hills upon hills. Not your kind of fun? Well for the last 4 days this has been the reality for two of our intrepid directors, all in the name of charity. Nigel Carter and Scott Ayliffe, who both have a history of crazily cycling across the…
Christopher Walkey
RENTAL PRICE INFLATION SLOWS, OCTOBER HOMELET RENTAL INDEX REVEALS
Average rents across the UK rose by 0.9% in October when compared to the same month a year ago; the average monthly rent is now £909 Rents in London rose 0.6% in October, year-on-year; the average monthly rent in the capital now stands at £1,556 On an annualised basis, rents rose in 11 out of…
EAN Content
Demand from buyers and agreed sales are declining once more according to RICS
According to the latest RICS UK Residential Market Survey – October 2017 published today both demand from buyers and agreed sales are declining once more, while price trends are now flat. They state: Subdued sales trends now being reported across most regions of the UK as demand from new buyers continues to decline, the national…
Allen Walkey
Twitter lovers everywhere – You now have 280 characters to Tweet with!
A big move by Twitter and a most welcome one for many, they have now increased the amount of characters you can have per tweet from 140 to 280! It has been for a long time a particular annoyance to many avid Twitter users that they were unable to express themselves fully in each tweet…
Christopher Walkey
ZPG announces over 10 million app downloads of its property apps.
ZPG owner of Zoopla and PrimeLocation announced this week the significant milestone of reaching over 10 million app downloads of its property apps. ZPG states it launched its first app in Aug 2011 and has continuously innovated, improved and introduced new services and tools across both its Android and iOS apps which have now been…
Allen Walkey
Shelter reveals more than 300,000 people in Britain homeless today
The number of people recorded as homeless has reached a staggering 307,000 – more than the entire population of Newcastle – a shocking new report by Shelter reveals today. In the most extensive review of its kind, the housing charity combined official rough-sleeping, temporary accommodation and social services figures. This showed the number of…
Allen Walkey
Annual rate of house price growth has continued to rise for the third month in succession according to Halifax
The latest Halifax House Price Index report – October 2017 released today headlines ‘Annual House Price Growth Rises to 4.5%’ House prices in the three months to October 2017 were 2.3% higher than in the three months to July 2017. Prices in the three months to October were 4.5% higher than in the same three…
Allen Walkey
A lack of understanding by FTB’s around house buying process and the associated costs says Aldermore
According to the latest research from Aldermore’s Q3 2017 First Time Buyer Index, they mention that there is a real lack of understanding around the house buying process and the associated costs amongst those looking to buy their first home. Charles McDowell, Commercial Director, Mortgages: “It is clear there is a divergence between perception and…
Allen Walkey
Gazing in to the Mirrior – I spy Homerenter:
Call it PropTech, shaking up the industry, entrepreneurial, mad investors, quick buck or simply a brilliant idea though what ever the term you wish to use there is another player on the market in the online / hybrid space – Homerenter. Online property lettings is the service on offer and this team comes with the…
Christopher Walkey