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House prices rise 1.5% in May according to Halifax
Latest Halifax House Price Index – May 2018 headlines ‘Annual House Price Growth Softens to 1.9% in May.’ Halifax revealed that on a quarterly basis, house prices were up just 0.2% in the three months from April to May compared to the previous quarter. Annual inflation rate stood at 1.9%. On a monthly basis, prices…
Allen Walkey
The million pound plus market is most active in Cambridge reveals Rightmove
New analysis by the UK’s number one property website Rightmove reveals that the million pound plus market is most active in Cambridge, with homes on the market for £1 million or more selling twice as fast as the national average. The national average time to agree a sale to a buyer in this price bracket…
Allen Walkey
High Court agrees to allow a judicial review of the Government’s Right to Rent policy
Following the decision of the High Court yesterday 6th June 2018 to allow a judicial review of the Government’s Right to Rent policy, David Smith, Policy Director for the Residential Landlords Association, commented: “Landlords will welcome the High Court decision to allow a judicial review of the Right to Rent policy which has put them…
Allen Walkey
Average monthly rent across UK for May 2018 now stands at £919 according to Homelet
Latest Homelet Rental Index – May 2018 report reveals that average rents across the UK rose by 2.0% in May 2018 when compared to the same month a year previously. The average monthly rent now stands at £919. When London is excluded, the average UK rental value was £763 in May 2018, this is up…
Allen Walkey
CIH Scotland responds to the government when reviewing the landlord registration application
In its response to the Government, the Chartered Institute of Housing Scotland has called for all landlords to make clear they are complying with all of their legal obligations when applying to the landlord register and for meaningful enforcement when standards are not being met. Ashley Campbell, CIH Scotland’s policy and practice manager said: “Reviewing…
Allen Walkey
RLA supports legal review of Right to Rent scheme
The Residential Landlords Association (RLA) announces in a press release their support for judicial reveiw of the Right to Rent scheme. Under the Right to Rent Scheme, landlords are responsible for checking the immigration status of their tenants with the prospect of prosecution if they know or have “reasonable cause to believe” that the property…
Allen Walkey
A rise in the number of Landlords selling up in April according to ARLA
Latest ARLA Private Rented Sector report – April 2018 reveals letting agents saw the highest number of landlords selling their buy-to-let (BTL) properties since records began in 2015. ARLA reports that in April the number of landlords exiting the market rose to an average of five per branch, up from four in March. In March,…
Allen Walkey
Proposed changes to dividend tax could impact limited company buy to lets
Proposals from the Office for Tax Simplification (OTS) could increase the amount of dividend tax paid by landlords who operate their buy to let property businesses in limited companies. Andrew Turner, chief executive at specialist broker Commercial Trust Limited, looks at how these suggested changes might affect some buy to let landlords. In recommendations that…
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Landlords in Scotland continue to earn strong returns according to Your Move
Latest Your Move Scotland – Rental Tracker – May 2018 report – April 2018 data headlines ‘Scottish rental market continues stable performance’. The report reveals that Landlords continue to earn strong returns, average rent increases of 0.2% in the last year. Edinburgh and Lothian has highest rents in Scotland with capital city rent averages £672…
Allen Walkey
UK annual house price growth slowed modestly in May according to Nationwide
Latest Nationwide House Price Index report – May 2018 released today headlines ‘Modest slowing in annual house price growth during May.’ The report reveals that annual house price growth slowed to 2.4% as prices fell 0.2% month-on-month. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK annual house price growth slowed modestly in…
Allen Walkey
Hometrack points to market conditions weakening in south eastern England.
Latest Hometrack UK Cities House Price Index report – April 2018 published today reveals that UK city house prices have grown by 4.9% over the last year. City house prices have increased 2.9% in the last three months compared to a 0.5% decline in 2017Q4 when price falls across London impacted headline growth. Large regional…
Allen Walkey
OnTheMarket’s latest milestone achievement of 8,500 offices
OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, has announced that as of 25 May it has signed listing agreements with UK estate and letting agents with more than 8,500 offices. This increase of over 3,000 branches since Admission on 9 February represents growth of more than 54% in less than 4…
Allen Walkey
A healthy start to 2018 for Belvoir Lettings PLC
Belvoir Lettings PLC, the UK’s largest property franchise, issued a trading update ahead of the Group’s Annual General Meeting to be held at 11.30a.m. today. To read the Belvoir Lettings PLC trading update 29th May 2018 in full click here. Dorian Gonsalves, CEO, commented: “The Group has seen a healthy start to 2018 including increased…
Allen Walkey
April saw steady growth in mortgage lending and approvals according to UK Finance
Latest UK Finance – Household Finance Update – April 2018. Gross mortgage lending in April is estimated to have been £20.4bn, 13.3 per cent higher than a year earlier. The number of total mortgage approvals has also risen and is 11 per cent higher, this increase is primarily driven by remortagage approvals which were almost…
Allen Walkey
Rents in South West grow faster than elsewhere in England and Wales according to Your Move
Latest Your Move – England and Wales Rental Tracker – April 2018 data – May 2018 report headlines ‘South West sees fastest rising rents’. The report reveals: South West rents up 3% in a year, London still remains most expensive place to rent. Average property in capital let for £1,275 a month, well above England…
Allen Walkey