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HM Land Registry – 92,009 sales lodged for registration in June 2017 in England and Wales
June 2017 Price Paid Data published 28th July 2017 from HM Land Registry. HM Land Registry Price Paid Data tracks land and property sales in England and Wales submitted for registration. 92,009 sales lodged for registration in June 2017 in England and Wales, 67,772 were freehold, 9,595 were newly built, 29,901 sales took place in June…
Allen Walkey
Agents in Nottinghamshire, Liverpool and Bradford expelled from The Property Ombudsman scheme
Three agents have been expelled from membership of The Property Ombudsman (TPO) scheme for two or more years, after failing to pay awards made by the Ombudsman or comply with TPO’s Codes of Practice for Residential Estate Agents and Letting Agents. The decisions to expel Shields & Co (Nottinghamshire), LPC Lettings Limited (Liverpool) and Blackhorse…
EAN Content
Rightmove experiments with ‘Rent London’ Facebook Messenger bot and iOS app
Rightmove is testing out new ways for home hunters to interact when searching for a home to rent. An experimental Facebook Messenger bot has been created for people searching in London for a place to rent, and is available to anyone by searching for ‘Rent London’ within Facebook Messenger. Using Messenger’s conversational style interface, renters…
Rightmove
Revenue up, Profits up and Advertisers at all time high reports Rightmove
Rightmove today releases half year results for the six months ended 30 June 2017. Rightmove, the UK’s number one property site, has delivered another strong period of growth in the six months ended 30 June 2017. Revenue increased by 11% to £119.5m with underlying operating profit up 11% to £91.0m and operating profit up 9%…
Allen Walkey
Almost 100 retired homeowners took out equity release plans per day in the first half of 2017 according to Key Retirement
Retired homeowners cashed in £1.25 billion of property wealth in the first half of 2017 at a rate of £6.9 million a day, according to new analysis from leading over-55s finance specialist Key Retirement. The new record high for the equity release market means more property wealth was released in the first half of 2017…
Allen Walkey
Recent political turmoil has had little immediate impact on renters says Your Move
The latest Your Move England & Wales buy to let index June 2017 data shows that the general election result has had no immediate impact on retail prices. All regions saw rents rise or remain level month-on-month in June. Average rent across England and Wales stood at £827. The average rent across the two…
Allen Walkey
Countrywide says overall market for housing transactions in the UK was down 7% in the period
Countrywide PLC today announced Interim Results for the six months ended 30 June 2017. They stated; The overall market for housing transactions in the UK was down 7%. Our sales market share held broadly flat at 4.9% (2016: 5.1%) despite the effect of the on-going transformation of the business; we held or gained market share…
Allen Walkey
Profits fall at Foxtons following downturn in London property market
Foxtons Group PLC today announced interim results for the half year ended 30 JUNE 2017. Lettings revenue £32.1m down 2% versus prior year; Volumes up 1% with several growth initiatives underway, offset by fall in rental rates. Remains a resilient, recurring revenue stream. Sales revenue £22.2m down 29% in the half; mainly driven by the…
Allen Walkey
Paragon Group reports Buy-to-let lending reaches £1.0 billion for first nine months of the year
The Paragon Group of Companies, the parent company of Paragon Mortgages, yesterday 26th July 2017 released its Q3 trading update for the nine months to 30 June 2017. Buy-to-let lending reaches £1.0 billion for first nine months of the year Professional landlords and complex portfolios now 70% of mortgage applications PRA Phase 2 changes for…
Allen Walkey
Shelter’s comment on DCLG leasehold consultation
Shelter’s comment on DCLG leasehold consultation (25.07.2017) Anne Baxendale, Shelter’s director of communicaitons, policy and campaigns, said: “Our housebuilding system is failing families all over the country, many of whom are being stuck with ever increasing charges on expensive, and often second-rate, new homes. “While the leasehold system can help make sure new homes are…
Allen Walkey
Government proposes changes to unfair leasehold and ground rent agreements
Announcement 25th July 2017 from Department for Communities and Local Government and Sajid Javid MP headlines ‘Crackdown on Unfair Leashold Practices’. Radical new proposals to cut out unfair abuses of leasehold have been announced by the government in a major move that will deliver a fairer, more transparent system for homebuyers. Leaseholds on new-build houses…
Allen Walkey
Demand rose while supply of available housing dropped in June according to naea / propertymark
naea / propertymark latest Monthly UK Housing Report – June 2017. Demand rose while the supply of available housing dropped in June. The number of properties sold to first-time buyers increased. Only two per cent of properties sold for more than the original asking price. Mark Hayward said: “In May, we saw a period of…
Allen Walkey
The remortgaging market both for residential and buy-to-let remains steady says MAB
Mortgage Advice Bureau (Holdings) plc today 25th July 2017 released its Pre-close Trading Update for the six months ended 30 June 2017, ahead of publishing its interim results announcement on Tuesday, 26 September 2017. Revenue for the six months ended 30 June 2017 increased by 15% to £49 million driven by a 14% increase in the average…
Allen Walkey
SME construction sector continues to grow albeit at a slower rate says FMB
Newsroom release published 24th July 2017 by Federation of Master Builders (FMB) headlined ‘Growth Slows For Construction SMES’. The SME construction sector grew in the second quarter of 2017, albeit at a slower rate in most parts of the UK than the first three months of the year, according to the Federation of Master Builders…
Allen Walkey
Just 10 days to go to next #PropTechDen… 3rd August 2017 6pm – 10pm.
Just 10 days to go to next #PropTechDen… 3rd August 2017 6pm – 10pm. Following on from the success of #PropTechDen April 2017 we are now pleased to tell everyone that these great networking and proptech themed events will take place every two months starting from August 2017. We are pleased to host these free…
Allen Walkey