Breaking News
How is Brexit effecting UK House prices?
It seems that nearly every day there is a new headline towards the grand topic of Brexit, be it calls for or and against, how and when we are leaving or simply the Prime Minister’s cabinet falling apart. What effect does this have generally on property prices across the UK? Is a soft Brexit best…
Christopher Walkey
Average UK rents rose by 1.8% compared to same month a year previous according to Homelet
The latest Homelet Rental Index Report – June 2018 reveals that average rents across the UK rose by 1.8% in June 2018 when compared to the same month a year previously. The average UK monthly rent now stands at £924 for June 2018, when London is excluded, the average UK rental value was £767 in…
Allen Walkey
Housing and planning policy needs leadership consistency
Theresa May has appointed Kit Malthouse, MP for North West Hampshire, as minister of state for housing and planning. Malthouse is the fifth housing minister in three years and succeeds Dominic Raab, who served as housing minister for less than six months and has been appointed as secretary of state for exiting the EU. The…
EAN Content
Properties available to buy increased in May according to NAEA Propertymark
The latest NAEA Propertymark Housing Report – May 2018 headlines ‘Housing Market Prepares For Summer Slow-down.’ The report reveals that the number of properties available to buy increased by 12 per cent in May, as sellers anticipated a summer slow-down and raced to get offers secured. Mark Hayward, Chief Executive said: “We see this every…
Allen Walkey
NFB welcomes plans to ensure stability for businesses after Brexit
The Government has published its negotiating position on the future relationship between the UK and the EU after Brexit, following a cabinet summit held on 6 July at the prime minister’s country residence in Chequers. The Government will put forward proposals to maintain a free trade area and a common rule book for goods, establish…
EAN Content
Purplebricks confirms that the acquisition of Duproprio/ComFree completed on 6 July.
Purplebricks Group plc confirms today that the acquisition of Duproprio/ComFree completed on 6 July. Commenting on the acquisition, Michael Bruce, Global CEO of Purplebricks, said: “Following the successful strategic investment of £125m in Purplebricks by Axel Springer we are pleased to have made this acquisition of what is the leading digital real estate business in…
Allen Walkey
Housing Ombudsman report highlights customer satisfaction with their service continues to increase
The Housing Ombudsman’s Annual Report and Accounts for 2017-16, published 6th July 2018, shows improvements in the service and good progress against targets. The report highlights that customer satisfaction with their service continues to increase with all targets exceeded. The report revealed that in 2017-18 the Housing Ombudsman received 14,445 complaints and enquiries and closed…
Allen Walkey
House prices remain broadly flat according to Halifax
Latest Halifax House Price Index report released today headlines ‘Annual House Price Growth Remains Flat at 1.8% in June’. Russell Galley, Managing Director, Halifax, said: “House prices continue to remain broadly flat, with the annual rate of growth marginally slowing from 1.9% in May to 1.8% in June. “Activity levels, like house price growth, have…
Allen Walkey
NFB welcomes Government’s statement of intent on EU settlement scheme
The Home Office has published details of the settlement scheme that will allow EU citizens to secure permanent residence, after the UK leaves the EU in March 2019. EU citizens who have lived continuously in the UK for 5 years will be granted “settled status”, while EU nationals with less than 5 years of residence…
EAN Content
Sharpest overall rise in construction output since November 2017
The latest IHS Markit/CIPS UK Construction Purchasing Managers’ Index rose to 53.1 in June, up on 52.5 in May and against the no-change reading of 50, signalling the sharpest overall rise in construction output since November 2017. Duncan Brock, group director at CIPS, said: “With the fastest rise in new orders since May 2017, it…
Allen Walkey
Purplebricks Group Plc announces Group revenue doubles led by strong UK performance
Purplebricks Group plc today announced its final results for the year ended 30 April 2018. Purplebricks reveal in their final results that Group revenue doubles led by strong UK performance. Commenting on the results, Michael Bruce, Group Chief Executive, said: “We have doubled revenues in tough markets, taking market share as we continue to win…
Allen Walkey
More Second Steppers require financial support from Family and Friends according to Lloyds Bank
Many homeowners ready to take their second step on the property ladder now rely on financial help from family and friends to help make the jump from their first home, according to the latest Lloyds Bank Second Steppers report. More Second Steppers are having to borrow from family and friends to trade up the property…
Allen Walkey
Strong and growing support for OnTheMarket proposition.
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that, less than five months since its IPO, the portal is already displaying more than 550,000 UK residential property listings, in excess of half of the total market. OnTheMarket revealed in the announcement that the increase in residential listings at OnTheMarket.com reflects…
Allen Walkey
London market seems to be shaking off its malaise
The latest England and Wales monthly LSL Acadata House Price Index report – May 2018 headlines ‘New Builds Bolster London’. The report reveals that the UK housing market remained resilient showing a very slight rise in the annual house price rate in May (from 2.1% to 2.2%) following 11 months of falls. The average house…
Allen Walkey
Government considering proposals to provide tax incentives for longer tenancies
LANDLORDS are welcoming proposals being considered by the Government to provide financial incentives for those offering longer tenancies according to the Residential Landlords Association (RLA). In its recentley launched consultation, the Government is proposing a number of options to implement a three year tenancy model addressing the demand for longer tenancies from the growing numbers…
Allen Walkey