Breaking News
A balanced market this year says Your Move
The latest Your Move House Price Index report August 2017 released today headlines ‘House price growth continues as regions redress the balance’. House price growth fell marginally in August (0.2%), which left the average England and Wales house price at £297,398. All regions in England & Wales continue to record annual growth, London has lowest…
Allen Walkey
Halifax becomes first UK organisation to have all of its digital channels accredited by AbilityNet
Recent press release from Halifax announces that they have become the first business in the UK to have their website and mobile app simultaneously accredited by accessibility specialists AbilityNet. AbilityNet works with organisations to ensure their digital content is accessible by the 13 million people in the UK with a disability – those who may…
Allen Walkey
Ireland tops the EU league for Buy-to-Let Investments.
According to new research by WorldFirst, Ireland is once again the top European location for buy-to-let investments. This comes as UK yields fall to 4% putting the country in the bottom 5 for buy-to-let investment returns in Europe. UK landlords have seen average yields plummet 19% over the past year following a raft of tax…
Allen Walkey
Mark Carney indicates interest rates may have to rise to dampen down inflation
Governor of the Bank of England, Mark Carney, has signalled in his speech at the International Monetary Fund’s headquarters in Washington yesterday that interest rates may have to rise in coming months to dampen down inflation. In the speech, the Governor considers the impact of globalisation on inflation. He draws on the example of Brexit…
Allen Walkey
NHF warns social housing funding is in crisis
National Housing Federation (NHF)report published today headlines ‘Social housing spending at record low.’ The report shows that the nation’s commitment to building homes has fallen from £11.4bn in 2009 to £5.3bn in 2015 – from 0.7% to 0.2% of the total GDP. Despite this, more than a million families remain on the housing waiting list….
Allen Walkey
UK RENTS CONTINUE TO RISE IN AUGUST, HOMELET RENTAL INDEX REVEALS
Average rents across the UK rose by 2.4% in August compared to the same month a year ago, the highest rate of annual inflation since November 2016; the average monthly rent now stands at £939 Rents in London rose 2.5% in August year-on-year, following three successive months of decline; the average monthly rent in the…
EAN Content
No sign of usual autumn price bounce as London drag continues
Price of property coming to market falls by 1.2% (-£3,660) this month, the first monthly fall at this time of year since 2013 National average price fall exacerbated by London continuing to readjust and smaller falls in the other southern regions Potentially good news for buyers’ finances with average earnings of +2.1% now almost double…
Rightmove
UK average rents in August rose 2.4% compared to the same month a year ago according to Homelet
Homelet Rental Index August 2017 released today 18th September 2017 reveals ‘UK RENTS CONTINUE TO RISE IN AUGUST.’ Average rents across the UK rose by 2.4% in August compared to the same month a year ago, the highest rate of annual inflation since November 2016; the average monthly rent now stands at £939. Rents in…
Allen Walkey
Warnings for agents of computer virus scam
Today, The Property Ombudsman (TPO) has issued a warning to all estate and letting agents to act with caution, as fraudulent ‘buyers’ target agents with the latest computer virus scam. TPO has been alerted to a case by a member agent who received emails from a potential buyer in China. The individual emailed the branch…
EAN Content
Proposed planning changes to help boost housing supply and improve affordability
Announcement from Department for Communities and Local Government and the Communities Secretary Sajid Javid 14th September 2017 headlined ‘New planning approach to speed up delivering homes’. An innovative approach to planning new homes will ensure they’re built where most needed, save councils millions of pounds every year and help deliver more affordable homes has been…
Allen Walkey
Interest rate remains on hold at 0.25%
Bank of England Monetary Policy Committee Announcement 14th September 2017. At its meeting ending on 13 September 2017, the Monetary Policy Committee voted by a majority of 7-2 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central…
Allen Walkey
Negative trend in prime central London according to RICS
RICS UK Residential Market Survey report – August 2017 released today headlines ‘Growth at the headline level, but regional house price picture remains mixed.’ Although the headline level shows a return to growth, sentiment is less positive in prime central London and to a lesser extent the wider South East, alongside the North and East…
Allen Walkey
Housing associations relieve pressure on NHS according to new report from NHF
New report from National Housing Federation (NHF) published 12th September 2017 headlined ‘From hospital to home: Housing associations relieve pressure on NHS.’ Housing providers are helping the NHS save money by helping people out of hospital into homes faster with the right care and support, a new National Housing Federation report has found. With over…
Allen Walkey
Housing market is a daily nightmare for many families says Shelter
The National Audit Office homelessness report is published today 13th September. Amyas Morse, head of the National Audit Office said: “Homelessness in all its forms has significantly increased in recent years, driven by several factors. Despite this, government has not evaluated the impact of its reforms on this issue, and there remain gaps in its…
Allen Walkey
Mortgage lending for house purchase in July was lower than in the preceding month according to UK Finance
UK Finance data shows that mortgage lending for house purchase in July was lower than in the preceding month but higher than a year earlier. First-time buyer lending increased year-on-year. Remortgaging by home owners increased both month-on-month and year-on-year. Commenting on the data, UK Finance’s Head of Mortgages Policy June Deasy said: “Remortgaging strengthened in…
Allen Walkey