Breaking News
Hybrid Estate Agent eMoov raises a further £9 Million. We interview Founder Russell Quirk:
For sure the estate agency space is changing rapidly and the likes of hybrid and online estate agencies are making a big entrenchment in the industry and many are here to stay for good. Just recently, eMoov secured a further £9 million of investment to bring the total invested into this hybrid estate agency to…
Christopher Walkey
Recent data from Your Move has revealed that the average tenancy length in the UK is now 20 months
The rise of Generation Rent: Average length of rental tenancies across the UK now almost two years, latest data from Your Move reveals In London, the home of Generation Rent, the average tenancy length is 20 months, whilst the commuter belt sees the longest tenancy length in the whole of the UK, at 44 months…
Allen Walkey
Persimmon announces excellent trading results for first half 2017
Persimmon plc today announces half year results for the six months ended 30 June 2017. Profit before tax increased 30% to £457.4m (2016: £352.3m) Jeff Fairburn, Group Chief Executive, said: “The successful execution of the Group’s long term strategy continues to support excellent trading results as seen again in the first half of 2017. Our…
Allen Walkey
Drop in homemovers numbers in first half 2017 compared to same period last year according to Lloyds
Press release Lloyds Bank 21st August headlines ‘Stagnant homemovers market impacts first time buyers.’ According to the latest Lloyds Bank Homemover Review, the number of homemovers – current homeowners moving house – fell by 2% in the first six months of 2017 compared with the same period in 2016. There were 171,300 homemovers in the first…
Allen Walkey
Mid-country hot-spots enjoy mini-boom in annual price growth
Holiday season casts its usual shadow with price of property coming to market falling by 0.9% (-£2,758) this month Climate of stretched affordability and clouded political outlook continue to chill the annual rate of increase to a national average of just +3.1% Of the English counties exceeding the 3.1% average annual rise, over half…
Rightmove
Virgin Money partners with Countrywide
News release from Countrywide 18th August 2017 headlined ‘Virgin Money partners with Countrywide to support bottowers fro New Build, Custom Build and Shared Ownership properties.’ Countrywide Surveying Services has been appointed by Virgin Money as its valuation services partner to support borrowers for New Build, Custom Build and Shared Ownership properties. Commenting on the new…
Allen Walkey
First-time buyers contribute to increase in activity in Scotland says Your Move
Latest Your Move House Price Index Scotland June 2017 published in August 2017 headlines ‘Scotland house price growth outpaces England & Wales.’ Edinburgh, Glasgow and surrounding areas drive the market in Scotland, average house prices up 0.5% in the month to £175,941 and 4.6% annually, transactions up 8% in June. First time buyer demand and…
Allen Walkey
RLA calls on the Government to include rent payment history as a standard feature when calculating credit scores.
The Residential Landlords Association (RLA) is calling for rent payments to be included when calculating credit scores to support tenants wanting to buy a home of their own. In a recent survey the RLA found that over 60% of landlords out of almost 3000 asked would support such action. The RLA is writing to the…
Allen Walkey
Comment from Shelter on the Grenfell inquiry terms of reference announced yesterday
Shelter’s comment on the Grenfell inquiry terms of reference announced yesterday 15th August 2017. Shelter’s chief executive Polly Neate, said: “The Grenfell fire was the most horrifying reminder in generations of the stark injustice of our housing crisis. Not only must nothing like this happen again, but also it must be allowed to act as…
Allen Walkey
Especially high number of loans for first time buyers in June according to UK Finance
News release published by UK Finance yesterday 15th August 2017 headlined ‘First-time buyer activity continues to grow in June’ reveals, June mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a seasonally adjusted basis, lending to first-time buyers and home movers remained relatively unchanged month-on-month, but there were…
Allen Walkey
Sleeping rough…. I haven’t told Mrs Q yet says Russell Quirk of eMoov:
A very recognisable character and one that usually causes many a stir in the industry, Russell Quirk is trying to help re homelessness in the UK, and I am sure that this time round we can all agree on the positives of this incentive – Sleeping rough by Russel Quirk: Sleeping rough…. I haven’t told Mrs…
Christopher Walkey
Annual UK average house price increase of 4.9% according to HPI June data
The UK House Price Index (HPI) from HM Land Registry for June 2017 published today shows house price changes for England, Scotland, Wales and Northern Ireland. The June data shows: An annual price increase of 4.9% which takes the average property value in the UK to £223,257. House prices have risen by 0.8% since May 2017….
Allen Walkey
The national average price rising slightly slower than inflation says Home.co.uk
Home.co.uk today released their Asking Price Index report August 2017 headlined ‘The West and North Prosper while London and the South East Weaken’. Home prices dip by 0.1% month-on-month but remain up 3.3% year-on-year. Greater London prices drop 0.8% this month but are 0.4% higher than in August 2016. Whilst the overall picture is one…
Allen Walkey
Rental growth in london turned positive in July according to Countrywide
Countrywide plc Monthly Lettings Index July 2017 released today headlines ‘Rate of rental growth doubles’ The annual rate of rental growth in Great Britain doubled between June and July to 2.2%, driven by a turnaround in the London market. Rental growth in london turned positive in July following eight months of falls. A shortage of…
Allen Walkey
Housing market pauses for breath in July according to Your Move
The latest Your Move England & Wales House Price Index (HPI) July 2017 headlines ‘Housing transactions pause for summer holidays.’ The housing market paused for breath in July, dipping 0.2%, reducing the annual rate of house price inflation to 2.9%. On an annual basis, the average house price in England and Wales rose by £8,433…
Allen Walkey