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Countrywide PLC announces poor performance in sales and lettings
Countrywide PLC today announces preliminary statement of annual results for the year ended 31 December 2017. The statement headlines: 2017 A disappointing year – 2018 Management Change and recovery plan underway. Group reported: Income for the full year was £671.9 million (2016: £737.0 million) while adjusted EBITDA was 23% lower at £64.7 million (2016: £83.5…
Allen Walkey
Fewer homes put on market in February according to RICS
RICS UK Residential Market Survey – February 2018 released today headlines ‘Further fall in housing stock as demnd also falls for the eleventh month’ The survey reveals the indicators for future activity in the UK housing market remain subdued. New buyer enquiries fall for the eleventh consecutive month as average stocks on estate agents’ books…
Allen Walkey
NFB says: NPPF review is a step in the right direction
The Government has published the consultation document on the revisions to the National Planning Policy Framework (NPPF). The document, made up of 17 chapters, formulates 43 questions tackling the local plan-making process and some of the more prominent barriers to growth. There are revisions to design, services, transport, climate change, local economy, and the green…
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Annual house price growth slows according to Halifax
The latest Halifax House Price Index report – February 2018 released today headlines ‘Annual House Price Growth slows to 1.8%’ The report reveals that House prices in the three months to February 2018 were 1.8% higher than in the same three months a year earlier. Russell Galley, Managing Director, Halifax, said: “House prices continue to…
Allen Walkey
LSL Property Services plc report robust performance in subdued market conditions
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, announced on 6th March 2018 their preliminary results for the year ended 31st December 2017. LSL report: Robust performance in subdued market conditions with Group Revenue up and full year Group Underlying Operating Profit up. Read the…
Allen Walkey
FMB responds to PM speech ‘Building a Britain fit for future’
In response to the Prime Minister’s speech, Building a Britain fit for future, Brian Berry Chief Executive of the FMB said: “Small sites tend to deliver more quickly and smaller builders, for whom short term financing is more of a concern, have every incentive to build and sell quickly. More opportunities for these smaller developments…
Allen Walkey
Shelter responds to PM speech on housing
Shelter responds to PM speech on housing. Polly Neate, CEO of Shelter, said: “We welcome today’s speech for recognising the scale of our housing emergency and the fact our current housebuilding system is clearly not fit for purpose. “The Prime Minister has shown the government is willing to take on developers and challenge them over…
Allen Walkey
Theresa May delivers speech on making housing fairer.
Prime Minister Theresa May delivered a speech on housing in East London Monday 5th March 2018 ‘Making Housing Fairer’ “On my first day as Prime Minister, I spoke on the steps of Downing Street about my desire to make this a country that works for everyone. “A country where, regardless of where you live, your…
Allen Walkey
Higher house prices helps boost equity position for second steppers according to Lloyds Bank
Latest news release from lloyds Bank released 3rd March 2018 headlines ‘ Equity gains help Second Steppers fund the £136,000 price gap to trade up’ Lloyds Bank has launched its annual Second Stepper report, which tracks the challenges faced by First-Time Sellers. The report reveals one in three (35%) of these households believe it will…
Allen Walkey
ZPG welcomes back well over 100 agent branches since Onthemarket flotation
ZPG, owner of Zoopla and PrimeLocation, reports today that it has welcomed back well over 100 agent branches since OnTheMarket floated a few weeks ago and dropped its ‘one other portal’ rule for most of its members. In the report it states: Some of the recent ZPG additions include Curchods (19 branches), Douglas & Gordon…
Allen Walkey
Supply of London rental properties at a critical point according to ARLA Propertymark
Recent press release from ARLA Propertymark reveals: ‘Supply of London rental properties at a critical point’ The press release states: The number of properties available to rent in London stood at 46 per cent below the national average in January, ARLA Propertymark reveals. more….. David Cox, Chief Executive, ARLA Propertymark comments: “The rental market in…
Allen Walkey
Mortgage approvals increased in January for both house purchase and remortgaging according to BOE
Statistical release from the Bank of England published 1st March 2018. The monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses. Lending to individuals – data to the end of January 2018. Annual growth in secured lending was unchanged at 3.3%…
Allen Walkey
UK house price growth slows in February compared to previous month according to Nationwide
Latest Nationwide House Price Index report – February 2018 released today headlines ‘House price growth falls back in February’ The report reveals that annual house price growth slows to 2.2% from 3.2% the previous month. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “After picking up unexpectedly in January, UK house price growth…
Allen Walkey
2017 was another strong year for Taylor Wimpey PLC
Taylor Wimpey PLC yesterday 28th February released their full year results for the year ended 31 December 2017. Pete Redfern, Chief Executive, commented: “2017 was another strong year for Taylor Wimpey and we enter 2018 in a good position with positive forward momentum. We have been encouraged by early trading patterns at the start to…
Allen Walkey
Will fresh funding deliver for coastal communities?
The Government has announced that the fifth round of the Coastal Communities Fund (CCF) in England is open for expressions of interest. The fund, which has seen 295 projects benefit from a total of £174 million in grants since 2012, will make £40 million available between April 2019 and March 2021. Only projects worth more…
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