Breaking News
Shelter comments on New Government figures on homelessness.
Shelter comments on new Government figures showing 14 renters per hour at risk of eviction. New figures from the Ministry of Justice published last week reveal that: In the last twelve months, 50,909 private renting households in England were put at risk of eviction – equivalent to 127,273 renters, or 14 renters per hour. A…
Allen Walkey
Mortgage arrears and repossessions hit new low.
According to data from UK Finance the number of mortgages in arrears of 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of this year, this figure amounted to 0.8% of the more than 11 million mortgages outstanding in the UK, the lowest level since at least 1994 when this run of data…
Allen Walkey
New report from Crisis reveals the scale of acute homelessness in Britain
New expert analysis for Crisis a national charity for homeless people by Heriot-Watt University provides the most complete picture to-date of the worst forms of homelessness, including rough sleeping and sofa surfing, as well as 25-year forecasts for each category across England, Wales and Scotland. A new report reveals the scale of acute homelessness in…
Allen Walkey
Price growth and sales activity subdued according to RICS
The RICS UK Residential Market Survey for the month of July published today headlines ‘Activity in UK housing market faltering’. The survey reveals record low stock numbers, political uncertainty and the aftermath of tax changes are obstacles hindering the UK housing market with price growth and sales activity subdued during the month of July. The…
Allen Walkey
New home registrations remain stable in the second quarter of 2017 according to NHBC
NHBC Q2 2017 statistics, released yesterday 9th August 2017 headlined ‘Latest new home registrations in line with 2016, reports NHBC’. The number of registrations was 40,343, a 1% decrease on last year (40,810). Of these: Private sector registrations in Q2 2017 decreased by 7% (29,123), compared with the same period in 2016 (31,381). Affordable sector…
Allen Walkey
ZPG reveals record number of vendor appraisal leads.
In a press release dated yesterday 8th August headlined ‘ZPG Delivers Record Levels Of Vendor Leads’, ZPG stated the following: ZPG, owner of Zoopla and PrimeLocation, the UK’s #2 and #3 property portals respectively, has delivered a record number of almost 300,000 vendor appraisal leads to its agent members so far in 2017, up 31%…
Allen Walkey
Trading Update – Bellway expects Housing Revenue to increase
Bellway today issued a trading update for the year ended 31 July 2017 ahead of its preliminary results announcement on Tuesday 17 October 2017. In the update they state: Housing revenue is expected to increase by over 13% to £2.5 billion (2016 – £2,204.6 million). Ted Ayres, Chief Executive, commented: “A focus on delivering growth,…
Allen Walkey
Concerns about the Home Report for Scottish sellers according to research from HomeReportScotland
The biggest concern about the Home Report for Scottish sellers is the potential for their property to be undervalued, according to recent research from HomeReportScotland, a new site offering instant Home Report quotes. 19% of Scottish sellers were worried about the Home Report causing them to lose a sale (rising to 38% of young people…
Allen Walkey
Citizens Advice explores the ‘loyalty penalty’ in the mortgage market.
In a recent Policy Research Publication from Citizens Advice headlined ‘Exploring the loyalty penalty in the mortgage market’ they state: ‘Home ownership is the aspiration of millions of people in the UK. For the vast majority, taking out a mortgage is the only way of achieving this. In 2016, the UK mortgage market included 11.1…
Allen Walkey
House prices continue to remain broadly flat according to Halifax
Halifax House Price Index July 2017 released today headlines ‘Annual House Price Growth Eases to 2.1%.’ House prices in the three months to July 2017 were 0.2% lower than in the three months to April 2017. House prices rose by 0.4% between June and July, partially offsetting the 0.9% decline recorded between May and June….
Allen Walkey
New data from Homelet reveals rents in the UK rose by an average of 1.1% during July.
Homelet Rental Index report for July released today headlines ‘UK rents increase after Spring declines.’ According to the latest Homelet Rental Index the average rent agreed on a new tenancy signed during July was £925, compared to £915 in the same month of 2016, new data reveals rents in the UK rose by an average…
Allen Walkey
OnTheMarket announces intention to float on the stock market.
OnTheMarket.com the online property portal owned by its members, including property giants Savills, Chestertons and Knight Frank, launched in 2015 announces its intentions to float on the stock market. Today, 4 August 2017 in a stock market news release announcement- Agents’ Mutual Limited (“Agents’ Mutual”), the agent-owned company which operates the OnTheMarket.com property portal, is…
Allen Walkey
Bank rate held at 0.25%
The Bank of England announced yesterday 3rd August 2017 that the monetary committee has voted 6-2 to keep bank rate at 0.25%. 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 voted unanimously to maintain the…
Allen Walkey
Purplebricks subject of two BBC features.
Purplebricks PLC have today released an AIM announcement – Statement re share price movement. The Group was the subject of two BBC features on Wednesday 2nd August relating principally to the clarity of the deferred payment facility available to customers, the Group’s compliance with a recent Advertising Standards Association (“ASA”) ruling, and alleged exaggerated claims…
Allen Walkey
Countrywide continues to pick up awards.
Countrywide Group’s leading financial services, surveying and conveyancing businesses have recently been recognised with prestigious industry awards. as mentioned in their recent press release which headlined ‘Countrywide’s award-winning run continues’. MD of Countrywide Surveying Services, Paul Wareham, has been named Surveying Business Leader of the Year at the British Mortgage Awards. Countrywide Conveyancing Services was…
Allen Walkey