Breaking News
Annual rate of growth increases in August over previous month according to Halifax
Halifax House Price Index August 2017 published today headlines ‘Annual House Price Growth Picks Up To 2.6%’. House prices in the last three months (June-August) were 0.1% higher than in the previous three months (March-May). Prices in the three months to August were 2.6% higher than in the same three months a year earlier. House…
Allen Walkey
ZPG conditionally agrees to acquire Money.co.uk
ZPG Plc which owns and operates some of the UK’s most trusted property and household-related digital brands including Zoopla, uSwitch, PrimeLocation and Hometrack, today announces that it has conditionally agreed to acquire Dot Zinc Limited (“Money.co.uk” or “Money”) for £80 million on a cash-free, debt-free basis, plus a performance-based earn-out of up to £60 million….
Allen Walkey
ARLA Propertymark reponds to fees ban consultation in Wales
ARLA Propertymark recently responded to fees ban consultation for Wales. They submitted their views to the Welsh Government’s consultation on fees charged to tenants in the private rented sector, arguing that if fees to tenants are banned outright landlords are likely to pass on higher agents’ fees to tenants in the form of higher rent….
Allen Walkey
Barratts Developments PLC delivers another year of strong performance
Barratt Developments PLC today announced Annual Results for the year ended 30 June 2017 in which they state: ‘Another year of strong performance.’ Barratt Developments PLC the UK’s largest housebuilder state in the highlights section of the announcement that they delivered highest completion volumes in nine years. Commenting on the results David Thomas, Chief Executive…
Allen Walkey
The PRS sector could still be seen as an attractive opportunity for investors says Your Move
The latest Your Move Buy-to-Let Index July 2017 data, August 2017 report headlines ‘Bottleneck of housing supply sees rents rise in July’. Average rents increased in most areas of England and Wales this month, with a fall in housing stock causing prices to rise. Shrinking property supply pushes up rent levels, average rent across England…
Allen Walkey
Belvoir Lettings PLC report H1 revenue up 15%
Belvoir Lettings PLC the UK’s largest property franchise, today announced their interim results for the six months ended 30 June 2017. Heading the Financial Highlights section they report: Group revenue up 15% to £4,921,000 (H1 2016: £4,293,000) Operational Highlights leads: Seven new franchise owners joining the Group into two new and five existing territories. Dorian Gonsalves,…
Allen Walkey
ZPG announces the aquisition of Ravensworth
ZPG Plc which owns and operates some of the UK’s most trusted digital property and household-related brands including Zoopla, uSwitch, PrimeLocation and Hometrack, announced Friday 1st September that it has acquired Ravensworth, the UK’s leading provider of on-demand print and creative marketing services to UK estate and letting agents, for an undisclosed sum. The acquisition…
Allen Walkey
Rayner Personnel takes licensing route to grow
Leading estate agency recruitment specialist Rayner Personnel has revealed ambitious growth plans, aiming to double in size over the next twelve months. The company will achieve this by hugely increasing the number of licensees working in its regional franchises, which now cover most of the UK. The licensee role involves taking the Rayner Personnel service…
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UK rents increase in July according to Homelet
The latest Homelet Rental Index July 2017 reveals that rents in the UK rose by 1.1% for the month. Rental price inflation has returned in the UK according to Homelet, rising by 1.1% in July compared to the same month a year ago, the first increases seen for three months; the average monthly rent now…
Allen Walkey
Supply of homes available to buy at the lowest level recorded for the month of July since 2002 says NAEA Propertymark
NAEA Propertymark (National Association of Estate Agents) Monthly UK Housing Report – July 2017 headlines ‘Summer Slump as Supply of Houses available to buy dips.’ The supply of homes available to buy last month was at the lowest level recorded for the month of July since 2002, the number of properties available to buy on…
Allen Walkey
A lack of Housing supply will continue to support the level of price growth says Countrywide
A recent news release from Countrywide contained their Housing Market Forecasts, published on the 21st August 2017 the news released headlined ‘Price growth to slow to 1.5% in 2017, but increase to 2% in 2018. They expect average house price growth in Great Britain to fall to 1.5% in 2017 compared with 5% in 2016….
Allen Walkey
Belvoir Lettings PLC annouces further growth through franchisee-led acquisitions
Belvoir lettings plc, the UK’s largest property franchise, announced today that the Group has secured further growth and an increase in the number of properties it has under management following twelve franchisee-led acquisitions during 2017 across the country. Belvoir now represents 57,637 properties under management following the addition of 1,310 from these latest acquisitions. Dorian…
Allen Walkey
Mortgage approvals for house purchases jumped to a 16-month high in July according to BOE
New Figures – Bankstats (Monetary and Financial Statistics) – July 2017 released yesterday 30th August from the Bank of England (BoE) show mortgage approvals for house purchases jumped to a 16-month high in July For the month of July some 68,689 mortgages were approved, up from 65,318 in June and a seven-month low of 65,140…
Allen Walkey
Steady levels of mortgage activity continued into July says UK Finance
Latest news release from UK Finance 25th August 2017- High Street Banking and Gross Mortgage Lending data July 2017 UK Finance estimates that overall gross mortgage lending in July was £23.0 billion. Accounting for seasonal factors, this figure is above the average lending figures seen over the past year. First-time buyers and remortgage activity on…
Allen Walkey
Harder to move up property ladder than to get on in first place according to Lloyds Bank
Recent press release from Lloyds Bank reveals that 1 in 4 Second Steppers say it’s harder to move up the property ladder than it is to get on in the first place. Andrew Mason, mortgage product director at Lloyds Bank, said: “Moving up the property ladder has become more challenging for Second Steppers in recent…
Allen Walkey