Breaking News
House Prices to crash by a third from a ‘Do Deal’ Brexit says Mark Carney
Yes, I know, for those who voted Brexit then there is no such thing as a ‘No Deal’ Brexit, it is either as what was voted for ie leaving the EU ie Brexit or not. Though with the headline that many like to embrace, a no deal Brexit is now threatening a third of value…
Christopher Walkey
Sales trends are stabilising across London according to RICS
RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’. The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the…
Allen Walkey
Bank of England confirms bank rate held at 0.75%
Announcement as of 13th September 2018 – The Bank of England Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to…
Allen Walkey
Strongest remortgaging market in a decade according to UK Finance
Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of…
Allen Walkey
We must tackle the root causes of the housing crisis
NFB urges Emma Reynolds, MP for Wolverhampton North East, and the Labour Party more generally to think about the root cause suppressing the supply of new homes. Emma Reynolds, MP for Wolverhampton North East, has told the Labour Party that it needs a relentless focus on increasing the supply of homes. Identifying five key policies,…
EAN Content
House prices fall further this month according to Home.co.uk
Latest Home.co.uk Asking Price Index report – September 2018 released today headlines ‘Price Growth Trends Towards Zero and Below’. The report reveals that home prices fell further this month as the slowdown tightened its grip. Price falls across most English regions have dragged the average for England and Wales down a further 0.3%. Asking prices…
Allen Walkey
Mark Carney Governor of Bank of England agrees to extend his term
At the request of the Chancellor, the Governor has agreed to extend his term to January 2020. Commenting on the extension of Mark Carney’s time as Governor, the Chancellor said: “I’m delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European…
Allen Walkey
What Morning Drink fuels the UK Estate / Letting Agency Industry?
Some of us simply have to have a cup of our favourite morning drink in the morning to get ourselves going, I am certainly right on this aren’t I? Be it that first cup of coffee or milky tea, maybe you are into fruity smoothies or simply picking yourself up a can of energy drink…
Christopher Walkey
Belvoir Lettings PLC announce increase in Group Revenue
Belvoir Lettings PLC the UK’s largest property franchise, today announced their interim results for the six months ended 30 June 2018 in which they reveal 19% increase in Group revenue to £6,123,000 (H1 2017: £5,155,000). Dorian Gonsalves, Chief Executive Officer of Belvoir Lettings, commenting on the results, said: “I am delighted to report another half year…
Allen Walkey
Lloyds Bank Home Insurance urges homeowners to carry out health check on their property
Lloyds Bank Home Insurance is urging homeowners to carry out a health check to ensure their property is properly prepared for winter. Tim Downes, Senior Claims Manager, Lloyds Bank Home Insurance, said: “Winter may be the last thing many people want to think about after the nation has basked in a long, hot summer. “However,…
Allen Walkey
RLA comments on the report on private rented housing
Comenting on the recent publication of the University of York’s report on private rented housing, David Smith, Policy Director for the Residential Landlords Association said: “We welcome today’s report which the RLA contributed to. “Whilst the Government’s own data shows that 84 per cent of private tenants are satisfied with their accommodation, no one…
Allen Walkey
Shelter responds to review of the private rented sector
Please find below Shelter’s reponse to Nationwide Foundation and Univeristy of York’s review of the private rented sector, which calls for property MOTs for private rented homes. Polly Neate, chief executive, Shelter said, “Decades of failure to build social homes mean thousands of families are left to contend with the broken, failing market that is…
Allen Walkey
OnTheMarket.com launches major new TV campaign
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced it is launching a new TV campaign this month which highlights its ‘New & exclusive’ properties*. The story focuses on a young family who have missed out on ‘yet another perfect house’ but discover OnTheMarket has ‘thousands of new properties to buy or…
Allen Walkey
Annual rate of house price growth rises in August according to Halifax
Latest Halifax House Price Index report – August 2018 released today headlines ‘Annual House Price Growth Rises To 3.7% in August’. The report reveals that house prices in the three months to August increased by 3.7% against the same period a year earlier, on a monthly basis, prices remained steady, seeing a small rise of…
Allen Walkey
Hunters Property PLC deliver robust results for the half year to June 2018
Hunters Property Plc, one of the UK’s largest franchised sales and lettings agency businesses, today announced its interim results for the six months ended 30 June 2018 in which it states that: the Board remains confident the 2nd half will, as usual, outperform the first and remains in line to exceed last year’s full year…
Allen Walkey