Breaking News
First-time buyers contribute to increase in activity in Scotland says Your Move
Latest Your Move House Price Index Scotland June 2017 published in August 2017 headlines ‘Scotland house price growth outpaces England & Wales.’ Edinburgh, Glasgow and surrounding areas drive the market in Scotland, average house prices up 0.5% in the month to £175,941 and 4.6% annually, transactions up 8% in June. First time buyer demand and…
Allen Walkey
RLA calls on the Government to include rent payment history as a standard feature when calculating credit scores.
The Residential Landlords Association (RLA) is calling for rent payments to be included when calculating credit scores to support tenants wanting to buy a home of their own. In a recent survey the RLA found that over 60% of landlords out of almost 3000 asked would support such action. The RLA is writing to the…
Allen Walkey
Comment from Shelter on the Grenfell inquiry terms of reference announced yesterday
Shelter’s comment on the Grenfell inquiry terms of reference announced yesterday 15th August 2017. Shelter’s chief executive Polly Neate, said: “The Grenfell fire was the most horrifying reminder in generations of the stark injustice of our housing crisis. Not only must nothing like this happen again, but also it must be allowed to act as…
Allen Walkey
Especially high number of loans for first time buyers in June according to UK Finance
News release published by UK Finance yesterday 15th August 2017 headlined ‘First-time buyer activity continues to grow in June’ reveals, June mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a seasonally adjusted basis, lending to first-time buyers and home movers remained relatively unchanged month-on-month, but there were…
Allen Walkey
Sleeping rough…. I haven’t told Mrs Q yet says Russell Quirk of eMoov:
A very recognisable character and one that usually causes many a stir in the industry, Russell Quirk is trying to help re homelessness in the UK, and I am sure that this time round we can all agree on the positives of this incentive – Sleeping rough by Russel Quirk: Sleeping rough…. I haven’t told Mrs…
Christopher Walkey
Annual UK average house price increase of 4.9% according to HPI June data
The UK House Price Index (HPI) from HM Land Registry for June 2017 published today shows house price changes for England, Scotland, Wales and Northern Ireland. The June data shows: An annual price increase of 4.9% which takes the average property value in the UK to £223,257. House prices have risen by 0.8% since May 2017….
Allen Walkey
The national average price rising slightly slower than inflation says Home.co.uk
Home.co.uk today released their Asking Price Index report August 2017 headlined ‘The West and North Prosper while London and the South East Weaken’. Home prices dip by 0.1% month-on-month but remain up 3.3% year-on-year. Greater London prices drop 0.8% this month but are 0.4% higher than in August 2016. Whilst the overall picture is one…
Allen Walkey
Rental growth in london turned positive in July according to Countrywide
Countrywide plc Monthly Lettings Index July 2017 released today headlines ‘Rate of rental growth doubles’ The annual rate of rental growth in Great Britain doubled between June and July to 2.2%, driven by a turnaround in the London market. Rental growth in london turned positive in July following eight months of falls. A shortage of…
Allen Walkey
Housing market pauses for breath in July according to Your Move
The latest Your Move England & Wales House Price Index (HPI) July 2017 headlines ‘Housing transactions pause for summer holidays.’ The housing market paused for breath in July, dipping 0.2%, reducing the annual rate of house price inflation to 2.9%. On an annual basis, the average house price in England and Wales rose by £8,433…
Allen Walkey
Shelter comments on New Government figures on homelessness.
Shelter comments on new Government figures showing 14 renters per hour at risk of eviction. New figures from the Ministry of Justice published last week reveal that: In the last twelve months, 50,909 private renting households in England were put at risk of eviction – equivalent to 127,273 renters, or 14 renters per hour. A…
Allen Walkey
Mortgage arrears and repossessions hit new low.
According to data from UK Finance the number of mortgages in arrears of 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of this year, this figure amounted to 0.8% of the more than 11 million mortgages outstanding in the UK, the lowest level since at least 1994 when this run of data…
Allen Walkey
New report from Crisis reveals the scale of acute homelessness in Britain
New expert analysis for Crisis a national charity for homeless people by Heriot-Watt University provides the most complete picture to-date of the worst forms of homelessness, including rough sleeping and sofa surfing, as well as 25-year forecasts for each category across England, Wales and Scotland. A new report reveals the scale of acute homelessness in…
Allen Walkey
Price growth and sales activity subdued according to RICS
The RICS UK Residential Market Survey for the month of July published today headlines ‘Activity in UK housing market faltering’. The survey reveals record low stock numbers, political uncertainty and the aftermath of tax changes are obstacles hindering the UK housing market with price growth and sales activity subdued during the month of July. The…
Allen Walkey
New home registrations remain stable in the second quarter of 2017 according to NHBC
NHBC Q2 2017 statistics, released yesterday 9th August 2017 headlined ‘Latest new home registrations in line with 2016, reports NHBC’. The number of registrations was 40,343, a 1% decrease on last year (40,810). Of these: Private sector registrations in Q2 2017 decreased by 7% (29,123), compared with the same period in 2016 (31,381). Affordable sector…
Allen Walkey
ZPG reveals record number of vendor appraisal leads.
In a press release dated yesterday 8th August headlined ‘ZPG Delivers Record Levels Of Vendor Leads’, ZPG stated the following: ZPG, owner of Zoopla and PrimeLocation, the UK’s #2 and #3 property portals respectively, has delivered a record number of almost 300,000 vendor appraisal leads to its agent members so far in 2017, up 31%…
Allen Walkey