Breaking News
No sign of usual autumn price bounce as London drag continues
Price of property coming to market falls by 1.2% (-£3,660) this month, the first monthly fall at this time of year since 2013 National average price fall exacerbated by London continuing to readjust and smaller falls in the other southern regions Potentially good news for buyers’ finances with average earnings of +2.1% now almost double…
Rightmove
UK average rents in August rose 2.4% compared to the same month a year ago according to Homelet
Homelet Rental Index August 2017 released today 18th September 2017 reveals ‘UK RENTS CONTINUE TO RISE IN AUGUST.’ 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…
Allen Walkey
Warnings for agents of computer virus scam
Today, The Property Ombudsman (TPO) has issued a warning to all estate and letting agents to act with caution, as fraudulent ‘buyers’ target agents with the latest computer virus scam. TPO has been alerted to a case by a member agent who received emails from a potential buyer in China. The individual emailed the branch…
EAN Content
Proposed planning changes to help boost housing supply and improve affordability
Announcement from Department for Communities and Local Government and the Communities Secretary Sajid Javid 14th September 2017 headlined ‘New planning approach to speed up delivering homes’. An innovative approach to planning new homes will ensure they’re built where most needed, save councils millions of pounds every year and help deliver more affordable homes has been…
Allen Walkey
Interest rate remains on hold at 0.25%
Bank of England Monetary Policy Committee Announcement 14th September 2017. At its meeting ending on 13 September 2017, the Monetary Policy Committee voted by a majority of 7-2 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central…
Allen Walkey
Negative trend in prime central London according to RICS
RICS UK Residential Market Survey report – August 2017 released today headlines ‘Growth at the headline level, but regional house price picture remains mixed.’ Although the headline level shows a return to growth, sentiment is less positive in prime central London and to a lesser extent the wider South East, alongside the North and East…
Allen Walkey
Housing associations relieve pressure on NHS according to new report from NHF
New report from National Housing Federation (NHF) published 12th September 2017 headlined ‘From hospital to home: Housing associations relieve pressure on NHS.’ Housing providers are helping the NHS save money by helping people out of hospital into homes faster with the right care and support, a new National Housing Federation report has found. With over…
Allen Walkey
Housing market is a daily nightmare for many families says Shelter
The National Audit Office homelessness report is published today 13th September. Amyas Morse, head of the National Audit Office said: “Homelessness in all its forms has significantly increased in recent years, driven by several factors. Despite this, government has not evaluated the impact of its reforms on this issue, and there remain gaps in its…
Allen Walkey
Mortgage lending for house purchase in July was lower than in the preceding month according to UK Finance
UK Finance data shows that mortgage lending for house purchase in July was lower than in the preceding month but higher than a year earlier. First-time buyer lending increased year-on-year. Remortgaging by home owners increased both month-on-month and year-on-year. Commenting on the data, UK Finance’s Head of Mortgages Policy June Deasy said: “Remortgaging strengthened in…
Allen Walkey
Property prices rise by 1.1% in July compared to previous month according to UK HPI
UK House Price Index (HPI) – July 2017 published 12th September from HM Land Registry. As of July 2017 the average house price in the UK is £226,185, and the index stands at 118.63. Property prices have risen by 1.1% compared to the previous month, and risen by 5.1% compared to the previous year. Read…
Allen Walkey
UK Property Market turns in favour of North and West according to Home.co.uk
Home.co.uk Asking Price Index – September 2016 released today headlines ‘London Falls Drag Down Price Growth to Near Zero.’ Greater London prices drop again, this month by 0.6%, taking prices back to little above their September 2016 levels. Across England and Wales average home prices dip again by 0.1% month-on-month but remain up 3.5% year-on-year….
Allen Walkey
Rents in London rose for the second consecutive month according to Countrywide
The latest Countrywide PLC Monthly Lettings Index – August 2017 headlines ‘Rental sector grows as Landlords expand portfolios.’ Rents in Great Britain rose 1.6% year-on-year as rents in Greater London grew for the second consecutive month. The Index shows that the number of landlords has fallen over the last two years despite a rise in…
Allen Walkey
Number of BTL mortgages available now at 10 year high
The number of buy-to-let mortgages available has risen to its highest level in almost 10 years according to figures taken from the latest Moneyfacts UK Mortgage Trends Treasury Report. The latest Moneyfacts UK Mortgage Trends Treasury Report, due to be published later this week, show that the number of buy-to-let (BTL) products has increased by…
Allen Walkey
Housing Strategy for London – ‘Have your say’
The Mayor of London has launched his Draft London Housing Strategy headlined ‘Have your say – tackling London’s housing crisis’. It sets out his plans to tackle the capital’s housing crisis and to provide all Londoners with a decent and affordable home. The housing crisis is the greatest challenge facing London today, and tackling it is…
Allen Walkey
New research from the housing charity Shelter says that families in private renting are being forced to move too frequently.
Recent report from Shelter headlines ‘Over a quarter of a million families forced into debt from moving home so often’. A staggering 250,000 private renting families in England are becoming burdened with serious debt because they have to move house so frequently, according to Shelter. New research from the housing charity says private renting is…
Allen Walkey