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Housing market activity has been growing modestly since the start of the year according to UK Finance.
Market Commentary September 2017 published yesterday by UK Finance reveals estimate of gross mortgage lending for August is £24.2 billion, of which £15.1 billion was lent by High Street Banks. Accounting for seasonal factors, it is in the same ball park as monthly lending over the course of 2017. They state: Housing market activity has…
Allen Walkey
Why Mickey Flanagan is right about estate agency
In couple of weeks’ time I’m off with Mrs L to see our favourite comedian Mickey Flanagan performing in Brighton. There’s three main reasons I like him. Like me he doesn’t speak propah but doesn’t give a monkey’s. His comic descriptions of growing up in a working-class London family are scarily accurate. His line ‘My…
Jerry Lyons
Book for next #PropTechDen 30th October 2017
Following on from the success of #PropTechDen April & August 2017 we are now pleased to tell everyone that these great networking and proptech themed events will take place every 2/3 months staring from October 2017. We are pleased to host these free to attend events at Google Campus London. Book for 30th October 2017…
Allen Walkey
Another set of excellent results says MAB
Mortgage Advice Bureau today announced their interim results for the six months ended 30 June 2017. Revenue up 15% to £49.6m with gross profit up 20% to £12.0m. Market share was up 10% to 4.4% with gross mortgage lending up 9% to £5.2bn. Peter Brodnicki, Chief Executive commented: “I am delighted to report another set…
Allen Walkey
Close relationship between local authorities and housing associations will be crucial to meet housing need says CIH
In a news release today from The Chartered Institute of Housing (CIH) it reveals: according to a new best practice research guide by them a close relationship between local authorities and housing associations will be crucial to meet housing need. Local authorities and housing associations across England were interviewed and visited as part of the research…
Allen Walkey
Joint report on UK and Irish Housing Markets:
A joint research report, recently published by UK Finance and the Banking and Payments Federation Ireland (BPFI). The report, UK and Irish Housing Markets: A First Time Buyer Perspective. Themes explored in the report are: First-time buyers in both the UK and Ireland are suffering similar effects of the financial crisis, but in the last…
Allen Walkey
Values continue to grow strongly in Scotland says Your Move
Latest Your Move/Acadata Scotland House Price Index revels annual house price growth in Scotland rose to 4.7% in July – up from just 2.9% in May. Scotland continues to have the most affordable housing in Great Britain, lack of stock leads potential sellers to adopt a wait and see approach Christine Campbell, Your Move managing…
Allen Walkey
Transaction data from Land Registry August 2017
Transaction Data August 2017 announced 21st September from HM Land Registry. The Transaction Data shows HM Land Registry completed 1,671,917 applications from its customers in August. This included 1,645,152 applications by account holders. The South East topped the table of regional applications with 392,737 Birmingham topped the table of applications by local authority area…
Allen Walkey
Savills awarded Residential Adviser of the Year
This week at a gala ceremony held at the Grosvenor House Hotel in London’s West End, Savills the global real estate services provider was awarded Residential Adviser of the Year for a second consecutive year at the 2017 Estates Gazette Awards. Richard Rees, head of UK Development, was there to accept the award and commented;…
Allen Walkey
A balanced market this year says Your Move
The latest Your Move House Price Index report August 2017 released today headlines ‘House price growth continues as regions redress the balance’. House price growth fell marginally in August (0.2%), which left the average England and Wales house price at £297,398. All regions in England & Wales continue to record annual growth, London has lowest…
Allen Walkey
Halifax becomes first UK organisation to have all of its digital channels accredited by AbilityNet
Recent press release from Halifax announces that they have become the first business in the UK to have their website and mobile app simultaneously accredited by accessibility specialists AbilityNet. AbilityNet works with organisations to ensure their digital content is accessible by the 13 million people in the UK with a disability – those who may…
Allen Walkey
Ireland tops the EU league for Buy-to-Let Investments.
According to new research by WorldFirst, Ireland is once again the top European location for buy-to-let investments. This comes as UK yields fall to 4% putting the country in the bottom 5 for buy-to-let investment returns in Europe. UK landlords have seen average yields plummet 19% over the past year following a raft of tax…
Allen Walkey
Mark Carney indicates interest rates may have to rise to dampen down inflation
Governor of the Bank of England, Mark Carney, has signalled in his speech at the International Monetary Fund’s headquarters in Washington yesterday that interest rates may have to rise in coming months to dampen down inflation. In the speech, the Governor considers the impact of globalisation on inflation. He draws on the example of Brexit…
Allen Walkey
NHF warns social housing funding is in crisis
National Housing Federation (NHF)report published today headlines ‘Social housing spending at record low.’ The report shows that the nation’s commitment to building homes has fallen from £11.4bn in 2009 to £5.3bn in 2015 – from 0.7% to 0.2% of the total GDP. Despite this, more than a million families remain on the housing waiting list….
Allen Walkey
UK RENTS CONTINUE TO RISE IN AUGUST, HOMELET RENTAL INDEX REVEALS
Average rents across the UK rose by 2.4% in August compared to the same month a year ago, the highest rate of annual inflation since November 2016; the average monthly rent now stands at £939 Rents in London rose 2.5% in August year-on-year, following three successive months of decline; the average monthly rent in the…
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