Breaking News
Remortgages hit nine year high in January 2018 according to UK Finance
UK Finance’s latest mortgage trends update released 14th March 2018 reveals, the number of remortgages in January 2018 reached a nine-year high while the number of first-time buyers and home movers both increased compared to the same period in the previous year. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Allen Walkey
Savills announces strong results from continued growth across its global network.
Savills plc today announced preliminary results for the full year ended 31st December 2017. Savills plc, announced strong results from continued growth across its global network. Commenting on the results, Jeremy Helsby, Group Chief Executive, said: “Savills has delivered another strong performance in 2017. Revenue and profits grew in each of our global Transaction Advisory,…
Allen Walkey
Newport named fastest moving market as available properties up for sale drop by a third
Time to secure a buyer in the Welsh city drops from 76 to 52 days over the past year Upcoming scrapping of Severn Bridge tolls and priced-out buyers from Bristol have led to a surge in buyers flocking to the Welsh city of Newport with agents reporting lengthy buyer waiting lists The demand has led…
Rightmove
Property Developers Forced to Build and Not Hold Land as an Asset
The Prime Minister has been calling out to developers who profit from building expensive properties and those who profit by not building at all. She is calling on the developers to “do their duty for Britain” and build more affordable homes rather than sitting on their land as an asset. There is a large gap…
EAN Content
1,000 plus agent branches contracted to OnTheMarket since admission to AIM
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announced today that in the first 5 weeks since Admission to AIM (Alternative Investment Market), additional agent firms with more than 1,000 offices are now in listing agreements with it. The total number of UK estate agency offices now covered by listing agreements with…
Allen Walkey
Buy-to-Let lending decreased in Q4 2017 according to BOE
Bank of England published 13th March 2018 Mortgage Lenders and Administrators Statistics – 2017 Q4 New residential mortgage lending activity decreased in Q4 2017 from the previous quarter. In total £69.1 billion of new residential loans were advanced to individuals during the quarter. This was a 2.5% decrease compared to the previous quarter however a…
Allen Walkey
Ministry of Defence appoints Lambert Smith Hampton for two year online auction contract
LSH have secured a sale mandate with Defence Infrastructure Organisation, part of the Ministry of Defence, to facilitate the sale of property and land through their pioneering online auction platform. Robert Stone, Head of Estates at the DIO said “The MOD has committed to reducing its estate by 30 per cent by 2040, the appointment of…
EAN Content
Students expected to survive on £1 a day after rent
Average student rent now £566/month, leaving just £36 of Maintenance Loan to cover ALL other living costs 44% of students admit they can’t keep up with housing costs 1 in 3 believe accommodation is poor value for money Poor conditions and invisible landlords are common but housemates cause biggest headaches The cost of accommodation sees many students facing financial hardship –…
EAN Content
Joseph Murphy leaves Orchards of London
Co-founder Joseph Murphy leaves Orchards of London, which now becomes part of The Hogarth Property Group. Paul Connolly, CEO of The Hogarth Property Group has completed the acquisition of the full shareholding in multi award winning Orchards of London who have offices in Ealing, Acton, Chiswick and Shepherds Bush from co-founder Joseph Murphy. Based in…
EAN Content
National Landlords Association seeking regional reps
The National Landlords Association (NLA) is seeking property professionals to be its local representatives across the country. Local representatives are the faces of the NLA in their communities and are greatly valued by those they work with, including staff at the NLA head office, local businesses, and landlords. In this role, local representatives will run…
EAN Content
Bubbly London prices slowly deflating according to Home.co.uk
The latest Home.co.uk Asking Price Index report – March 2018 released today headlines ‘North West Prices March On Up’ The report reveals: Strong price growth in the North West, East Midlands, East and Yorkshire., however London prices slide yet again and South East prices stall. Doug Shepherd, Dircetor at Home.co.uk said: “Ultra-low interest rates have…
Allen Walkey
Rental growth slowed in February compared to the previous month according to Countrywide
The latest Countrywide plc Monthly Lettings Index report – February 2018 published 12th March 2018 headlined “Average landlord who sold in 2017 gained £86,651” The report reveals: The average landlord who sold their rental property in 2017 did so for £86,651 more than they paid for it, having owned the home for an average of…
Allen Walkey
Salaries for UK property professionals increased to a 10 year high in 2018
The Royal Institute of Chartered Surveyors (RICS) and Macdonald & Company revealed in their latest salary survey report, that salaries for UK property professionals increased in 2018, to a 10 year high, with RICS chartered status continuing to boost wages. Salaries for London’s property professionals have hit their highest level since the financial crash. The…
Allen Walkey
Government must act now to protect high rise residents, say Salford and Greater Manchester Mayors
GREATER Manchester leaders are urging Government to provide immediate funding to carry out urgent fire safety work and protect hard-pressed local residents. In a letter to the Secretary of State for Housing, Communities and Local Government Sajid Javid, the Mayor of Greater Manchester Andy Burnham calls for urgent action to help local authorities, housing providers,…
EAN Content
Average Rents in February 2018 rose compared to same month 2017 according to Homelet
Latest Homelet Rental Index report – February 2018 reveals average rents across the UK rose by 1.2% in February 2018 when compared to the same month a year previously. The average monthly rent is now £906, when London is excluded, the average UK rental value was £758 in February 2018, this is up 2.3% on…
Allen Walkey