Breaking News
Property prices rise by 1.1% in July compared to previous month according to UK HPI
UK House Price Index (HPI) – July 2017 published 12th September from HM Land Registry. As of July 2017 the average house price in the UK is £226,185, and the index stands at 118.63. Property prices have risen by 1.1% compared to the previous month, and risen by 5.1% compared to the previous year. Read…
Allen Walkey
UK Property Market turns in favour of North and West according to Home.co.uk
Home.co.uk Asking Price Index – September 2016 released today headlines ‘London Falls Drag Down Price Growth to Near Zero.’ Greater London prices drop again, this month by 0.6%, taking prices back to little above their September 2016 levels. Across England and Wales average home prices dip again by 0.1% month-on-month but remain up 3.5% year-on-year….
Allen Walkey
Rents in London rose for the second consecutive month according to Countrywide
The latest Countrywide PLC Monthly Lettings Index – August 2017 headlines ‘Rental sector grows as Landlords expand portfolios.’ Rents in Great Britain rose 1.6% year-on-year as rents in Greater London grew for the second consecutive month. The Index shows that the number of landlords has fallen over the last two years despite a rise in…
Allen Walkey
Number of BTL mortgages available now at 10 year high
The number of buy-to-let mortgages available has risen to its highest level in almost 10 years according to figures taken from the latest Moneyfacts UK Mortgage Trends Treasury Report. The latest Moneyfacts UK Mortgage Trends Treasury Report, due to be published later this week, show that the number of buy-to-let (BTL) products has increased by…
Allen Walkey
Housing Strategy for London – ‘Have your say’
The Mayor of London has launched his Draft London Housing Strategy headlined ‘Have your say – tackling London’s housing crisis’. It sets out his plans to tackle the capital’s housing crisis and to provide all Londoners with a decent and affordable home. The housing crisis is the greatest challenge facing London today, and tackling it is…
Allen Walkey
New research from the housing charity Shelter says that families in private renting are being forced to move too frequently.
Recent report from Shelter headlines ‘Over a quarter of a million families forced into debt from moving home so often’. A staggering 250,000 private renting families in England are becoming burdened with serious debt because they have to move house so frequently, according to Shelter. New research from the housing charity says private renting is…
Allen Walkey
Annual rate of growth increases in August over previous month according to Halifax
Halifax House Price Index August 2017 published today headlines ‘Annual House Price Growth Picks Up To 2.6%’. House prices in the last three months (June-August) were 0.1% higher than in the previous three months (March-May). Prices in the three months to August were 2.6% higher than in the same three months a year earlier. House…
Allen Walkey
ZPG conditionally agrees to acquire Money.co.uk
ZPG Plc which owns and operates some of the UK’s most trusted property and household-related digital brands including Zoopla, uSwitch, PrimeLocation and Hometrack, today announces that it has conditionally agreed to acquire Dot Zinc Limited (“Money.co.uk” or “Money”) for £80 million on a cash-free, debt-free basis, plus a performance-based earn-out of up to £60 million….
Allen Walkey
ARLA Propertymark reponds to fees ban consultation in Wales
ARLA Propertymark recently responded to fees ban consultation for Wales. They submitted their views to the Welsh Government’s consultation on fees charged to tenants in the private rented sector, arguing that if fees to tenants are banned outright landlords are likely to pass on higher agents’ fees to tenants in the form of higher rent….
Allen Walkey
Barratts Developments PLC delivers another year of strong performance
Barratt Developments PLC today announced Annual Results for the year ended 30 June 2017 in which they state: ‘Another year of strong performance.’ Barratt Developments PLC the UK’s largest housebuilder state in the highlights section of the announcement that they delivered highest completion volumes in nine years. Commenting on the results David Thomas, Chief Executive…
Allen Walkey
The PRS sector could still be seen as an attractive opportunity for investors says Your Move
The latest Your Move Buy-to-Let Index July 2017 data, August 2017 report headlines ‘Bottleneck of housing supply sees rents rise in July’. Average rents increased in most areas of England and Wales this month, with a fall in housing stock causing prices to rise. Shrinking property supply pushes up rent levels, average rent across England…
Allen Walkey
Belvoir Lettings PLC report H1 revenue up 15%
Belvoir Lettings PLC the UK’s largest property franchise, today announced their interim results for the six months ended 30 June 2017. Heading the Financial Highlights section they report: Group revenue up 15% to £4,921,000 (H1 2016: £4,293,000) Operational Highlights leads: Seven new franchise owners joining the Group into two new and five existing territories. Dorian Gonsalves,…
Allen Walkey
ZPG announces the aquisition of Ravensworth
ZPG Plc which owns and operates some of the UK’s most trusted digital property and household-related brands including Zoopla, uSwitch, PrimeLocation and Hometrack, announced Friday 1st September that it has acquired Ravensworth, the UK’s leading provider of on-demand print and creative marketing services to UK estate and letting agents, for an undisclosed sum. The acquisition…
Allen Walkey
Rayner Personnel takes licensing route to grow
Leading estate agency recruitment specialist Rayner Personnel has revealed ambitious growth plans, aiming to double in size over the next twelve months. The company will achieve this by hugely increasing the number of licensees working in its regional franchises, which now cover most of the UK. The licensee role involves taking the Rayner Personnel service…
EAN Content
UK rents increase in July according to Homelet
The latest Homelet Rental Index July 2017 reveals that rents in the UK rose by 1.1% for the month. Rental price inflation has returned in the UK according to Homelet, rising by 1.1% in July compared to the same month a year ago, the first increases seen for three months; the average monthly rent now…
Allen Walkey