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Protecting consumers in the letting and managing agent market: call for evidence. Open Consultation.
Open Consultation from the Department for Communities and Local Government part of the rented housing sector for England headline: ‘Protecting consumers in the letting and managing agent market: call for evidence.’ The consultation published on the Gov.UK website 18th October 2017 closes 11.45pm on 29th November 2017. In summary it reads: This call for evidence…
Allen Walkey
Shelter responds to the Universal Credit debate.
Shelter responds to the Universal Credit debate. Polly Neate, CEO of Shelter, said: “Shelter’s advisers are hearing from more and more people whose lives are being turned upside down by the many flaws with Universal Credit. Not only are people forced to go without basics like food and electricity, but the delays mean they get…
Allen Walkey
ASA rules that that two TV advertisements for Purplebricks must not be broadcast again in their current form
ASA ruling on Purplebricks Plc. 18th October 2017, the Advertising Standards Authority (ASA) ruled that two TV advertisements for Purplebricks must not be broadcast again in their current form, Purplebricks were told to ensure that when making a comparison to other fee models in their ads, they made it clear that their flat fee was…
Allen Walkey
Average house prices in the UK have increased by 5.0% in the year to August 2017
UK House Price Index summary for August 2017 from the Land Registry published 17th October 2017 reveals that UK House prices grew by 5% in the year to August 2017, experiencing a 0.5 percentage point increase from the previous month. The report highlights: Average house prices in the UK have increased by 5.0% in the…
Allen Walkey
ZPG signs a new long term marketing agreement with Connells Limited
ZPG Plc has announced that it has signed a new long term marketing agreement with Connells Limited (“Connells”), the UK’s second largest estate agency group. As part of the new agreement, Connells, which operates almost 600 estate agency and lettings agent branches across the UK, will continue to advertise all of its property listings on…
Allen Walkey
Annual house price growth slowed in southern regions in September
The latest LSL/Acadata England and Wales House Price Index report September 2017 released 16th October headlines ‘Growth in house prices slows yet remains positive in many areas.’ The report reveals annual house price growth slowed in September 2017, values reduced slightly (by 0.1%) over the month, annual growth continues to be positive at 1.3%. Transactions…
Allen Walkey
Rents rose in all regions across Great Britain (yr on yr) according to Countrywide
The Countrywide PLC Monthly Lettings Index – September 2017 published today 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. Countrywide research reveals: Today fewer landlords and more rental properties means the size of the average landlord’s portfolio…
Allen Walkey
Second-stepper sellers most likely to find a buyer before Christmas as prices jump 1.1%
1% (+£3,432) rise in average asking prices of 104,000 newly marketed properties compared to previous month New sellers ask higher prices in eight out of ten regions despite sales agreed numbers being down in nine of the ten this month compared to September 2016 Average time to find a buyer is 63 days, so with…
Rightmove
ZPG announces that Hometrack has been appointed by Foundation Home Loans
A recent press release from ZPG announces that Hometrack has been appointed by Foundation Home Loans to provide Automated Valuation Model (AVM) services for its portfolio of Buy to Let (BTL) clients. Jeff Knight, Director of Marketing at Foundation Home Loans, said: “The recent changes within the market are a good thing and provide opportunities…
Allen Walkey
Mortgage activity picked up in August according to UK Finance
The latest UK Finance data published 12th October 2017 shows that lending for house purchase was higher in August 2017 than in both the preceding month and a year earlier. On a seasonally adjusted basis, borrowing by first-time buyers and movers increased by both value and volume, according to UK Finance. First-time buyers borrowed £5…
Allen Walkey
Prices are not plummeting in the capital and surrounds, but rather sliding gently according to Home.co.uk
Home.co.uk Asking Price Index report October 2017 released today headlines ‘House Prices Tick Up Despite London Falls.’ Top of the Home.co.uk headlines: Greater London prices slide for a third consecutive month, by 0.2%, pushing the year-on-year change into negative territory (-0.7%). The drag effect of a weak London market means that the national average growth…
Allen Walkey
Shortage of stock both in the new build and second-hand market says RICS
The latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey report September 2017 released today headlines ‘Activity drops amid price increases’. The survey reveals the UK housing market continues to lack momentum in September, as demand from new buyers and sales fall again and the shift in interest rate expectations contributes to buyer…
Allen Walkey
Telford Homes Plc expect more build to rent transactions as institutional demand continues to grow
Telford Homes Plc the London focused residential property developer, today provides a trading update ahead of its interim results for the six months ended 30 September 2017 which will be released on Wednesday, 29 November 2017. Leading the highlights section they state: The ongoing acute need for more homes to buy and rent in non-prime…
Allen Walkey
ZPG reach significant milestone in referrals via new MoveIt tool
ZPG reveals that they have reached the significant milestone of delivering over £1m in referrals to their agents via their new MoveIt tool. In the press release ZPG state: MoveIt provides agents with the opportunity to build their own supplier panels and offer their home-movers with quick and convenient quotes from leading professionals from across…
Allen Walkey
RENTS ACROSS THE UK CONTINUE TO RISE SEPTEMBER HOMELET RENTAL INDEX REVEALS
Average rents across the UK rose by 2.1% in September when compared to the same month a year ago; the average monthly rent is now £927 Rents in London rose 1.9% in September, year-on-year, continuing the recovery that began last month after falls throughout the Spring and Summer; the average monthly rent in the capital…
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