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Shelter’s comment on DCLG leasehold consultation
Shelter’s comment on DCLG leasehold consultation (25.07.2017) Anne Baxendale, Shelter’s director of communicaitons, policy and campaigns, said: “Our housebuilding system is failing families all over the country, many of whom are being stuck with ever increasing charges on expensive, and often second-rate, new homes. “While the leasehold system can help make sure new homes are…
Allen Walkey
Government proposes changes to unfair leasehold and ground rent agreements
Announcement 25th July 2017 from Department for Communities and Local Government and Sajid Javid MP headlines ‘Crackdown on Unfair Leashold Practices’. Radical new proposals to cut out unfair abuses of leasehold have been announced by the government in a major move that will deliver a fairer, more transparent system for homebuyers. Leaseholds on new-build houses…
Allen Walkey
Demand rose while supply of available housing dropped in June according to naea / propertymark
naea / propertymark latest Monthly UK Housing Report – June 2017. Demand rose while the supply of available housing dropped in June. The number of properties sold to first-time buyers increased. Only two per cent of properties sold for more than the original asking price. Mark Hayward said: “In May, we saw a period of…
Allen Walkey
The remortgaging market both for residential and buy-to-let remains steady says MAB
Mortgage Advice Bureau (Holdings) plc today 25th July 2017 released its Pre-close Trading Update for the six months ended 30 June 2017, ahead of publishing its interim results announcement on Tuesday, 26 September 2017. Revenue for the six months ended 30 June 2017 increased by 15% to £49 million driven by a 14% increase in the average…
Allen Walkey
SME construction sector continues to grow albeit at a slower rate says FMB
Newsroom release published 24th July 2017 by Federation of Master Builders (FMB) headlined ‘Growth Slows For Construction SMES’. The SME construction sector grew in the second quarter of 2017, albeit at a slower rate in most parts of the UK than the first three months of the year, according to the Federation of Master Builders…
Allen Walkey
Just 10 days to go to next #PropTechDen… 3rd August 2017 6pm – 10pm.
Just 10 days to go to next #PropTechDen… 3rd August 2017 6pm – 10pm. Following on from the success of #PropTechDen April 2017 we are now pleased to tell everyone that these great networking and proptech themed events will take place every two months starting from August 2017. We are pleased to host these free…
Allen Walkey
HM Land Registry completed more than 1,690,200 applications in June.
Transaction data for June 2017 published 21st July 2017 by HM Land Registry. The data provides information about the number and types of applications that HM Land Registry completed in June 2017. In June: HM Land Registry completed more than 1,690,200 applications. The South East topped the table of regional applications with 394,377. Birmingham topped the…
Allen Walkey
City house price growth is slower than a year ago according to Hometrack
The latest Hometrack UK Cities House Price Index report June 2017, released today reveals: City house price growth is slower than a year ago but average prices increased 3.5% in last 3 months. City house price inflation expected to be 6-7% over 2017, higher than 4% projection made in December 2016. This is down to…
Allen Walkey
It’s positive that lending to first time buyers has continued to increase throughout 2017 comments Richard Sexton
Comment from Richard Sexton, director at e.surv, following the latest CML monthly lending figures. “It’s positive that lending to first time buyers has continued to increase throughout 2017. We’re seeing similar trends in our Mortgage Monitor data and believe this is largely due to record low mortgage rates on offer as well as the increased…
Allen Walkey
Decline in foreign investment in buy-to-let according to Countrywide
Countrywide’s latest Monthly Letting Index – June 2017 headlines ‘Proportion of overseas landlord’s halves.’ Rents rose 1.1% year-on-year across Great Britain in June to stand at £950 pcm The letting index report shows that the proportion of overseas based landlords in Great Britain hit a record low in 2017, now owning 5% of all homes…
Allen Walkey
Shelter comments on building enough affordable homes following the dreadful Grenfell tragedy
The council that ran the Grenfell Tower block struck deals worth nearly £50m last year to allow developers to avoid having to build affordable homes, research for BBC News shows. Read the report in full. http://www.bbc.com/news/uk-40643072 Shelter comments on what they think needs to happen to address this problem in Kensington and beyond. Anne Baxendale,…
Allen Walkey
UK house prices grew by 4.7% in the year to May 2017
UK House Price Index summary: May 2017 published 18th July 2017 calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Monthly report that shows changes in average house prices for England, Scotland, Wales and Northern Ireland. UK house prices grew by 4.7% in the year to May 2017, 0.6 percentage points…
Allen Walkey
Housing market is likely to remain subdued for the next couple of years according to PWC
UK economic growth held up better than expected in the six months following the Brexit vote, particularly as regards consumer spending. But growth slowed in the first half of 2017 as inflation rose sharply, squeezing household spending power, according to PWC UK Economic Outlook report July 2017. The PWC states: The housing market is likely…
Allen Walkey
LSL expects to report strong interim results on 1st August 2017
LSL Property Services plc, a leading provider of residential property services incorporating both Estate Agency and Surveying businesses, today provides Pre Interim Results Trading Update ahead of the announcement of its interim results on 1st August 2017. Trading Update Following LSL’s positive AGM statement issued on 27th April 2017, trading for the first half of…
Allen Walkey
Plethora of sold boards restricts choice as buyer demand remains strong
Newly-marketed property prices at virtual standstill, up by 0.1% (+£312) as we enter quieter holiday season Fundamentals remain good mid-year with robust demand, low interest rates and low unemployment: Sales agreed numbers remain strong year-to-date in 2017, almost identical to 2016 Prospective buyers in many parts of the country are seeing the highest proportion…
Rightmove