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Supply of homes available to buy at the lowest level recorded for the month of July since 2002 says NAEA Propertymark
NAEA Propertymark (National Association of Estate Agents) Monthly UK Housing Report – July 2017 headlines ‘Summer Slump as Supply of Houses available to buy dips.’ The supply of homes available to buy last month was at the lowest level recorded for the month of July since 2002, the number of properties available to buy on…
Allen Walkey
A lack of Housing supply will continue to support the level of price growth says Countrywide
A recent news release from Countrywide contained their Housing Market Forecasts, published on the 21st August 2017 the news released headlined ‘Price growth to slow to 1.5% in 2017, but increase to 2% in 2018. They expect average house price growth in Great Britain to fall to 1.5% in 2017 compared with 5% in 2016….
Allen Walkey
Belvoir Lettings PLC annouces further growth through franchisee-led acquisitions
Belvoir lettings plc, the UK’s largest property franchise, announced today that the Group has secured further growth and an increase in the number of properties it has under management following twelve franchisee-led acquisitions during 2017 across the country. Belvoir now represents 57,637 properties under management following the addition of 1,310 from these latest acquisitions. Dorian…
Allen Walkey
Mortgage approvals for house purchases jumped to a 16-month high in July according to BOE
New Figures – Bankstats (Monetary and Financial Statistics) – July 2017 released yesterday 30th August from the Bank of England (BoE) show mortgage approvals for house purchases jumped to a 16-month high in July For the month of July some 68,689 mortgages were approved, up from 65,318 in June and a seven-month low of 65,140…
Allen Walkey
Steady levels of mortgage activity continued into July says UK Finance
Latest news release from UK Finance 25th August 2017- High Street Banking and Gross Mortgage Lending data July 2017 UK Finance estimates that overall gross mortgage lending in July was £23.0 billion. Accounting for seasonal factors, this figure is above the average lending figures seen over the past year. First-time buyers and remortgage activity on…
Allen Walkey
Harder to move up property ladder than to get on in first place according to Lloyds Bank
Recent press release from Lloyds Bank reveals that 1 in 4 Second Steppers say it’s harder to move up the property ladder than it is to get on in the first place. Andrew Mason, mortgage product director at Lloyds Bank, said: “Moving up the property ladder has become more challenging for Second Steppers in recent…
Allen Walkey
New housing starts reach record levels since 2009
Recent announcement on GOV.UK from Department for Communities and Local Government and Alok Sharma MP headlines ‘Housebuilding soars to highest levels in almost a decade.’ The number of new build homes that have started to be built has surged to the highest level since 2008, as shown by figures released 24 August 2017. The latest…
Allen Walkey
House price growth moderates to 2.1% in August according to Nationwide
Nationwide House price Index August 2017 released today headlines ‘House price growth slows in August.’ Annual house price growth slows to 2.1%, from 2.9% in July, a modest 0.1% fall month-on-month. Stamp duty land tax (SDLT) revenues have reached all time highs in cash terms in recent quarters, reaching £12.8 billion in the twelve months…
Allen Walkey
There remains a clear divide between the prospects for house price growth in regional cities says Hometrack
The latest Hometrack UK Cities House Price Index report July 2017 reveals that UK city house price inflation is at 5.3%, down from 7.4% in July 2016. The sharp slowdown in London house price growth over the last year has reversed with an increase in the annual rate over the last month rising from 2.3%…
Allen Walkey
Government plans causing Housing Associations to slash plans to build new homes according to NHF
Housing associations providing vital supported, sheltered and extra care housing have had to slash plans to build new homes, down from 8,800 to 1,350 units, according to a new survey by the National Housing Federation. David Orr, Chief Executive at the National Housing Federation, says: “These findings really bring it home: changes to supported housing…
Allen Walkey
Nowhere near touching distance of the 250,000 homes a year we desperately need says Shelter
Shelter’s response to DCLG housebuilding figures, which show: In the last 12 months 153,330 houses were built – an increase of 11% on the previous year 41,180 houses (seasonally adjusted) were started in England in the second quarter of 2017, a decrease of 3% previous quarter. 40,310 houses (seasonally adjusted) were built in England in…
Allen Walkey
An increase in numbers of rental properties in London being used for short-term holiday lets (Airbnb)
An increasing number of rental properties in London are being used for short-term holiday lets using websites such as Airbnb and are no longer available for long-term renting. New research by the Residential Landlords Association (RLA) across the capital has found that there has been a 75% increase in the number of multi-listings on Airbnb…
Allen Walkey
London is seeing more demand from large deposit buyers says Robert Sexton
Comment from Richard Sexton, director at e.surv, on the UK Finance Regional Mortgage Trends. “Some parts of the country prove to be more fruitful for small deposit buyers, particularly Northern Ireland. Our own Mortgage Monitor data echoes this, with latest numbers showing they count for over a quarter of lending in the nation as well…
Allen Walkey
London agent is expelled from The Property Ombudsman scheme after it failed to pay award
A sales and lettings agent in South West London has been expelled from The Property Ombudsman (TPO) scheme for a year after the Ombudsman supported a landlord complaint. Premier Moves Management Limited (PMM) did not pay the award of £4,900 as instructed by the Ombudsman so the case was referred to TPO’s Disciplinary & Standards…
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Gov.Wales open consultation on draft document ‘Information for tenants of social landlords’
Welsh Government in an open consultation launched 19th July 2017 want your views on a draft document, which social landlords will issue to tenants if the Abolition of the Right to Buy and Associated Rights (Wales) Bill becomes law, the consultation ends 13th September 2017. They are consulting on a sample document to see if…
Allen Walkey