Breaking News
First Autumn rental price standstill as South East records annual fall
National asking rents outside London dropped by 0.2% in the third quarter of 2017, the first drop recorded at this time of year Drop fuelled by the South East with rents down 2.3% on last quarter, and down annually for the first time, due to steadily increasing supply since last year’s second home stamp duty…
Rightmove
Countryside homes are 20% more expensive on average than in urban areas according to Halifax
Countryside homes are £44,454 (20%) more expensive on average than in urban areas, according to the latest annual Halifax Rural Housing Review. In the review they highlight that Waverley in the South East is the most expensive rural area with an average house price of £487,824 and first-time buyers account for 12% fewer country homes…
Allen Walkey
ARLA Propertymark pleased the Government has taken the decision to regulate the private rented sector
ARLA Propertymark commented last week on the Conservative pledge to regulate private rented sector. David Cox, Chief Executive ARLA Propertymark comments on Conservative pledge to regulate the private rented sector. “After 20 years of our campaigning falling on deaf ears, we’re very pleased the Government has taken the decision to regulate the private rented sector….
Allen Walkey
Annual rate of growth picks up for second consecutive month says Halifax
Halifax House Price Index report September 2017 released today headlines ‘Annual House Price Growth Rises to 4%. House prices in the three months to September 2017 were 1.4% higher than in the three months to June 2017. Prices in the three months to September were 4.0% higher than in the same three months a year…
Allen Walkey
Wales draft budget includes proposals for average first-time buyer to pay no stamp duty
This week Finance Secretary Mark Drakeford unveiled a new budget for Wales, reflecting the Welsh Government’s new tax and borrowing powers. In the draft budget the Finance Secretary announces new progressive rates and bands for land transaction tax (LTT) and landfill disposals tax (LDT), which will replace stamp duty land tax and landfill tax, respectively…
Allen Walkey
Demand for new homes remains strong says NHBC
NHBC’s latest new home registration statistics reveals that more than 13,500 new homes were registered to be built in August, an increase of 9% compared to a year ago. During June – August 2017, the number of NHBC new home registrations was 38,360 compared to 37,145 in the same period last year. Of these: 28,866 were…
Allen Walkey
Funding for affordable homes will be increased by a further £2 billion
The government has confirmed plans for a new generation of council and housing association homes as confirmed in the Gov.UK announcement. Government has confirmed plans for a new generation of council and housing association homes. Funding for affordable homes will be increased by a further £2 billion to more than £9 billion. Ministers also confirmed plans…
Allen Walkey
Government must urgently act to make renting more stable and more affordable says Shelter
Shelter’s urgent call on renting to Teresa May ahead of her leader’s speech at the Conservative Party Conference today, Shelter thinks the government must urgently act to make renting more stable and more affordable. Key statistics on private renters in England: There are 4.5 million households renting privately in England, over a third of them…
Allen Walkey
Those living in Mid-Scotland are the happiest people in Scotland according to Bank of Scotland
The latest Happiness Index from Bank of Scotland shows those living in Mid-Scotland are the happiest people in Scotland: The Happiness Index looks at how happy Scots are in the communities in which they live and this year shows that the people of Scotland are 12% happier than when the Happiness Index began in 2015,…
Allen Walkey
Insufficient membership has been achieved for a full launch of CIELA
CIELA Update: The 6 month consultation pre-launch period ended as of Saturday 30th September. Insufficient membership has been achieved for a full launch. However, discussions are now taking place with well-established, third parties who have expressed an interest in possible alliances or partnerships which may allow CIELA to fully form, although these discussions are at…
EAN Content
Shelter’s response to the Help to Buy announcement and Sajid Javid’s speech
Shelter’s response to the Help to Buy announcement and Sajid Javid’s speech. Polly Neate, CEO of Shelter said: “Extending Help to Buy is the wrong priority at a time when over a million renters are struggling with crippling housing costs. Help to Buy has barely helped the first-time buyers it is targeted at and has done nothing to help those worst affected by our broken housing market and those…
Allen Walkey
New funding available for Help to Buy Equity Loan
News story from HM Treasury asnd The Rt Hon Philip Hammond MP published on Gov.uk website headlines ‘£10 billion new funding for Help to Buy Equity Loan’. New funding means that the Help to Buy Equity Loan could help around 135,000 more people to buy homes by 2021. The new funding expands the government’s commitment…
Allen Walkey
London is weakest performing region first time since 2005 says Nationwide
The latest Nationwide House Price Index report September 2017 headlines ‘London house prices fall for first time in 8 years’. London is weakest performing region for first time since 2005, with house prices down 0.6% year-on-year. UK annual house price growth stable at 2.0% in September. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist,…
Allen Walkey
Rental demand outstrips supply in many areas according to Your Move
Latest Your Move Buy-to-Let Index report September 2017 for England and Wales headlines ‘Rents rise across much of England and Wales’. The report reveals: On a non-seasonally adjusted basis, the average rent charged to tenants was £904 in August, many areas see demand outstrip supply as tenant numbers rise. Richard Waind, Director, Your Move, comments:…
Allen Walkey
Rental prices are increasing across much of Scotland says Your Move
Latest Your Move Buy-to-Let Index report September 2017 for Scotland headlines ‘Scottish rents edge up in August’. The report reveals: Demand for rental properties in Scotland continues to grow, typical Scottish rent stands at £579 in August, up 0.7% on July. Brian Moran, Lettings Director, Your Move Scotland comments: “Rental prices are increasing across much of…
Allen Walkey