Breaking News
Fewer people choosing to move home according to Connells Survey and Valuation
The latest research from Connells Survey and Valuation shows that the number of valuations to sell have fallen steadily from 45% of the market in May 2010, down to just 27% in May 2017 as homeowners lack incentives to move. Research shows remortgaging now represents 23% of all valuations, representing a 2% increase month-on-month and…
Allen Walkey
Bellway is well positioned to deliver further volume growth
Bellway PLC issued a trading update yesterday 14th June in respect of the period from 1 February to 4 June 2017. Sales demand in the period was strong, with a 13% increase in the reservation rate to 221 per week (2016 – 196 per week). Ted Ayres, Chief Executive, commented: “Robust market conditions, together with…
Allen Walkey
California to be first launch state in ambitious US expansion.
Purplebricks Group plc announces that it will commence its ambitious United States expansion, identifying California as the first launch state, later this year. Commenting on the news, Purplebricks US CEO Eric Eckardt, said: “Purplebricks is launching in the US, with a distinct offering, which aims to offer a better deal for customers and a compelling…
Allen Walkey
Mortgage activity for April lower than previous month according to CML
The latest Council of Mortgage Lender (CML) data released yesterday 13th June headlined ‘Home buyer activity in April down on March but up on a year ago’. It reveals reveals house purchase activity decreased in April month-on-month but increased year-on-year. Remortgage activity and buy-to-let declined month-on-month. On a non seasonally adjusted basis home buyers borrowed…
Allen Walkey
UK House prices grew by 5.6% in the year to April 2017
The UK House Price Index (HPI) April 2017 published today. The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland. UK House prices grew by 5.6% in the year to April 2017, 1.1 percentage points higher than in the year to March 2017. Average property price now £220,094. England annual…
Allen Walkey
Prices in London are now sliding year on year says Home.co.uk
Latest Home.co.uk Asking Price Index released today 13th June headlines ‘Regions Prosper while London Home Prices Slide’. Asking prices rose by 0.4% across England and Wales over the last month, despite election uncertainty, the figure is 2.8% year-on-year. Figures reveal that Greater London prices slip by 0.1% this month making a year-on-year fall of 1.2%,…
Allen Walkey
House prices rallied to new peak in May according to Your-Move
Your Move’s latest England and Wales house price index May 2017 headlined ‘A new north-south divide as northern regions drive transactions’ reveals: Sales of London homes to the end of April were 29 per cent lower than the same period last year. House prices in the capital continued to rise, up 2.7 per cent in…
Allen Walkey
Record levels of retirees paying rent according to Countrywide
According to the latest figures from Countrywide’s Monthly Letting Index retirees in Britain spent a record £3.7bn in rent in the last 12 months, an increase of 216% ( £1.2bn) paid by retirees ten years previous, it reveals that retired people make up 8% of all tenants. The index reveals that London has the least…
Allen Walkey
Housing needs to be a top priority for next government says Richard Sexton at E.SURV
Richard Sexton, Director at e.surv comments on the RICS Residential Market Survey released yesterday 8th June, in which the main findings were: Demand slips and new sales listings decline further, agreed sales continue to edge lower steadily and national price growth eases somewhat while expectations remain subdued. Richard Sexton commented: “The market has been flatlining…
Allen Walkey
easyProperty marries up with The Guild of Property Professionals
As reported in the Daily Telegraph, easyProperty and The Guild of Professional Estate Agents are going through another hat in to the ring of online estate agencies by joining forces. Though stated at 5,000 members in the article which is not really the case as The Guild is more at 500-800 members, easyProperty can be…
Christopher Walkey
Uncertainty related to General Election having its affect on level of housing market transactions says RICS
The latest Royal Insitution of Chartered Surveyors (RICS) UK Residential Market Survey out today headlines Election causing to buyers and sellers “wait and see” Demand from new buyers, new instructions from sellers and confirmed sales decline further in May according to the RICS. They also mention that house price growth across the UK continues to…
Allen Walkey
ZPG becomes 1% shareholder in Propertyfinder Group
According to recent news release from ZPG, they have now become a 1% shareholder in Propertyfinder Group (PFG), the Dubai-based business with leading property portals across the Middle East and North Africa (MENA). PFG was founded in 2005 and is the leading real estate vertical classified in MENA operating in 7 countries. Alex Chesterman, Founder…
Allen Walkey
Annual house price growth falls back in May according to Halifax
Halifax House Price Index (HPI) May 2017 published today headlines ‘Annual house price growth eases again to 3.3%.’ House prices in the three months to May were 3.3% higher than in the same period of 2016. House prices in the three months to May 2017 were 0.2% lower than in the three months to February…
Allen Walkey
Revised Memorandum of Understanding between redress schemes published
The three government approved redress schemes; The Property Ombudsman (TPO), Ombudsman Services: Property and The Property Redress Scheme have today issued a revised version of their Memorandum of Understanding (MOU). Established to support the ongoing communication between the three redress schemes where relevant, the MOU ensures that any agent with an outstanding award with one…
EAN Content
Belvoir on Party Property Promises
Recent news release from Belvoir headlines ‘Party Property Promises’. With just over one day to go before the General Election, Belvoir sets out in brief some of the housing policies that form a large part of each party’s manifesto. Chief Operating Officer, Dorian Gonsalves said “Whilst some initiatives may help some tenants, it is unfortunate…
Allen Walkey