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HM Land Registry completed more than 1,690,200 applications in June.
Transaction data for June 2017 published 21st July 2017 by HM Land Registry. The data provides information about the number and types of applications that HM Land Registry completed in June 2017. In June: HM Land Registry completed more than 1,690,200 applications. The South East topped the table of regional applications with 394,377. Birmingham topped the…
Allen Walkey
City house price growth is slower than a year ago according to Hometrack
The latest Hometrack UK Cities House Price Index report June 2017, released today reveals: City house price growth is slower than a year ago but average prices increased 3.5% in last 3 months. City house price inflation expected to be 6-7% over 2017, higher than 4% projection made in December 2016. This is down to…
Allen Walkey
It’s positive that lending to first time buyers has continued to increase throughout 2017 comments Richard Sexton
Comment from Richard Sexton, director at e.surv, following the latest CML monthly lending figures. “It’s positive that lending to first time buyers has continued to increase throughout 2017. We’re seeing similar trends in our Mortgage Monitor data and believe this is largely due to record low mortgage rates on offer as well as the increased…
Allen Walkey
Decline in foreign investment in buy-to-let according to Countrywide
Countrywide’s latest Monthly Letting Index – June 2017 headlines ‘Proportion of overseas landlord’s halves.’ Rents rose 1.1% year-on-year across Great Britain in June to stand at £950 pcm The letting index report shows that the proportion of overseas based landlords in Great Britain hit a record low in 2017, now owning 5% of all homes…
Allen Walkey
Shelter comments on building enough affordable homes following the dreadful Grenfell tragedy
The council that ran the Grenfell Tower block struck deals worth nearly £50m last year to allow developers to avoid having to build affordable homes, research for BBC News shows. Read the report in full. http://www.bbc.com/news/uk-40643072 Shelter comments on what they think needs to happen to address this problem in Kensington and beyond. Anne Baxendale,…
Allen Walkey
UK house prices grew by 4.7% in the year to May 2017
UK House Price Index summary: May 2017 published 18th July 2017 calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Monthly report that shows changes in average house prices for England, Scotland, Wales and Northern Ireland. UK house prices grew by 4.7% in the year to May 2017, 0.6 percentage points…
Allen Walkey
Housing market is likely to remain subdued for the next couple of years according to PWC
UK economic growth held up better than expected in the six months following the Brexit vote, particularly as regards consumer spending. But growth slowed in the first half of 2017 as inflation rose sharply, squeezing household spending power, according to PWC UK Economic Outlook report July 2017. The PWC states: The housing market is likely…
Allen Walkey
LSL expects to report strong interim results on 1st August 2017
LSL Property Services plc, a leading provider of residential property services incorporating both Estate Agency and Surveying businesses, today provides Pre Interim Results Trading Update ahead of the announcement of its interim results on 1st August 2017. Trading Update Following LSL’s positive AGM statement issued on 27th April 2017, trading for the first half of…
Allen Walkey
Plethora of sold boards restricts choice as buyer demand remains strong
Newly-marketed property prices at virtual standstill, up by 0.1% (+£312) as we enter quieter holiday season Fundamentals remain good mid-year with robust demand, low interest rates and low unemployment: Sales agreed numbers remain strong year-to-date in 2017, almost identical to 2016 Prospective buyers in many parts of the country are seeing the highest proportion…
Rightmove
Average House Price Lower than March Peak according to Your Move
According to the latest Your Move England & Wales House Price Index, prices are starting to cool ahead of the summer as a North-South divide re-emerges. New Analysis for June shows that the average house price is £301,114, down 0.2% on May. House prices have continued the downward trend and are now on average £2,358…
Allen Walkey
Telford Homes acheives further momentum in the build to rent sector
Telford Homes AGM statement 2017. Chief Executive of Telford Homes, Jon Di-Stefano said: “Since we reported our final results on 31 May 2017, Telford Homes has achieved further momentum in the build to rent sector and we are assessing a number of exciting new development opportunities to add to our £1.5 billion development pipeline. …
Allen Walkey
Belvoir Lettings Plc announces acquisition of Brook Financial Services Limited
BELVOIR LETTINGS PLC announced yesterday 13th July 2017: Acquisition of Brook Financial Services Limited, update on trading & Board changes. Belvoir Lettings plc announced that it has acquired the entire issued share capital of Brook Financial Services Limited for a total consideration of £2.0 million. Brook, which trades as Mortgage Advice Bureau, is an appointed…
Allen Walkey
House price inflation drops further in June according to RICS
According to the latest RICS UK Residential Market Survey uncertainty continues to stifle the housing market as house price inflation dropped further in June. They state that: At the same time there’s little encouragement for sales activity with agreed sales declining alongside new buyer enquiries and new instructions. This trend is also being reflected in…
Allen Walkey
Mortgage lending rose in May
The UK Finance press release yesterday headlines ‘Home buyers up 12% in May compared to April’. May mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a non-seasonally adjusted basis, UK Finance data shows that mortgage lending in May rose. In May home buyers borrowed £10.8bn, up 10%…
Allen Walkey
Home price growth has been lower than inflation for six consecutive months suggest data from Home.co.uk
The Asking Price Index July 2017 released today by Home.co.uk headlines ‘House Price Growth Falls Further Behind Inflation’. The UK property market has clearly entered a period of stagflation. Our data suggests that home price growth has been lower than inflation for six consecutive months. Leading item in headlines reads: Home prices nudge up by…
Allen Walkey