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Barratt Developments PLC highlight strong financial and operational performance for the full year in their annual results announcement
Barratt Developments PLC today announced their Annual Results for the year ended June 2018. Barratt Developments PLC highlight a strong financial and operational performance for the full year. Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “The Group has had another outstanding year delivering a strong operational and financial performance,…
Allen Walkey
Demand in the PRS in July increased to its highest level this year according to ARLA Propertymark
The latest ARLA Propertymark Private Rented Sector Report – July 2018 revealed that demand from prospective tenants increased in July, to the highest level this year so far. The supply of available properties moved in the opposite direction to demand, falling from 191 in June, to 184 last month according to ARLA Propertymark. David Cox,…
Allen Walkey
House prices growing almost twice as fast near top state schools according to Lloyds Bank
Latest research from Lloyds Bank reveals that house price growth in areas with top performing state schools has significantly outpaced the rest of the country in the last five years, prices growing almost twice as fast near top state schools. Lloyds Bank state that house prices near top schools grew by 35% (£104,365), compared to…
Allen Walkey
Slight softening in annual house price growth according to Nationwide
Latest Nationwide House Price Index report – August 2018 headlines ‘Slowing in Annual house price growth in August’. The report reveals annual house price growth softens to 2.0% and prices decline 0.5% month-on-month, biggest monthly fall since July 2012. Commenting on the figures, Robert gardner,Nationwide’s Chief economist, said: “August saw a slight softening in annual…
Allen Walkey
RLA Future Renting Conference in London this September
THE Government’s lead civil servant for private rented housing will address the Residential Landlords Association’s (RLA) Future Renting conference in London this month. As Deputy Director the Private Rented Sector in the Ministry of Housing, Anne Frost has overall responsibility for forming and implementing government policy and feeding opinion from stakeholders, including landlords, back to Government…
Allen Walkey
FTB’s take advantage of dip in demand according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – July 2018 revealed tha the supply of properties available to buy increased in July, while demand fell. First Time Buyers took advantage of these market conditions, and almost a third of all sales were made to the group in July, according to the housing report from NAEA Propertymark. Mark…
Allen Walkey
RLA comments on call to Government to lift Local Housing Allowance freeze.
COMMENTING on calls by the Chartered Institute for Housing for the Government to lift the Local Housing Allowance freeze for private rented housing, David Smith, Policy Director for the Residential Landlords Association said “Today’s report is a reminder of the difficulties being faced by young people especially in accessing homes for private rent. “With many…
Allen Walkey
Millerson an 11 branch estate and lettings agency firm now listing on OnTheMarket.com
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that Millerson, an 11 branch estate and lettings agency firm, is now listing its properties at OnTheMarket.com. The family-run firm of estate agents covers Cornwall and West Devon, and has been in operation for three generations. Jeremy Miller, Operations Partner at Millerson, said: “Millerson estate…
Allen Walkey
Annual rate of house price inflation across London slips into negative territory according to Hometrack
Latest Hometrack UK Cities House Price Index report – July 2018 reveals UK city house price inflation moderates to 4.2% year on year. Flat prices in London and a slower growth across large regional cities are weighing on the headline rate. Hometrack states that 10 years on from the financial crisis city level house price…
Allen Walkey
More Londoners moving out of capital to search for new home according to Hamptons International
New figures recently published by Hamptons International show that there were 61% more Londoners leaving the capital and buying homes elsewhere in the first half of this year than at the same period 10 years ago. The number of Londoners who bought homes outside the capital rose to 30,280 in H1 2018, a 16% rise…
Allen Walkey
July saw steady growth in mortgage lending according to UK Finance
The latest UK Finance’s Household Finance Update for July 2018 reveals: Gross mortgage lending for the total market in July was £24.6bn, some 7.6 per cent higher than a year earlier. The number of mortgage approvals by the main high street banks in July fell by 0.8 per cent compared to the same month a…
Allen Walkey
OnTheMarket.com signs listing agreements with more than 10,500 offices
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that as of 22 August, it has signed listing agreements with UK estate and letting agents with more than 10,500 offices. This increase of over 5,000 branches since Admission on 9 February represents growth of 91%. The Company believes that it now…
Allen Walkey
A Bargain Buy with a Loo with a Fantastic View in Cornwall
A former public conveniences building is up for auction with Clive Emson, a £15,000 + guide price is set for the smaller sized lot in Penzance, Cornwall. The listing details of the property can be viewed here: https://www.cliveemson.co.uk/properties/204/141/#map It’s exact location can be viewed here on Google Maps: https://www.google.co.uk/maps/@50.1020859,-5.5475258,3a,75y,225.8h,80.15t/data=!3m7!1e1!3m5!1sE8EP2vTZCO6BmTYJeu4LCQ!2e0!6s%2F%2Fgeo3.ggpht.com%2Fcbk%3Fpanoid%3DE8EP2vTZCO6BmTYJeu4LCQ%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D95.520164%26pitch%3D0%26thumbfov%3D100!7i13312!8i6656 A bit of a bargain in store for someone and…
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Across UK 4.8 million people could become landlords in 2018 according to Sainsbury’s Bank
New research from Sainsbury’s Bank Mortgages indicates that almost one in 10 (9%) UK adults have shown an interest in taking out a Buy to Let (BTL) mortgage in 2018. This means that across the UK, 4.8 million people could become landlords in 2018. David Buxton, Head of Banking at Sainsbury’s Bank, said: “With demand…
Allen Walkey
Remortgaging in London reaches nine-year high
News update from UK Finance – Mortgage Trends in London Update for Quarter 2 2018 reveals remortgaging in London reached its highest level in nine years in the second quarter of this year as house purchase activity slows. There were 15,200 new homeowner remortgages in London completed in the second quarter, some 16.9 per cent…
Allen Walkey