Breaking News
The number of property transactions falls in July 2018 according to HMRC
HM Revenue and Customs – UK Property Transactions Count – July 2018 The provisional seasonally adjusted UK property transaction count for July 2018 was 99,270 residential and 10,960 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions decreased by 0.8% betweenJune 2018 and July 2018. This month’s seasonally adjusted figure is…
Allen Walkey
Discrimination against people on housing benefit revealed in new report from Shelter and NHF
A new Shelter and NHF report reveals discrimination against housing benefit tenants is rife Five of England’s leading letting agents actively discriminate against tenants on housing benefit, according to a new report by Shelter and the National Housing Federation (NHF). In an undercover investigation carried out by Mystery Shoppers Ltd. 149 regional letting agent branches…
Allen Walkey
Persimmon announces New Home Sales increased in half year results.
Persimmon plc today announces half year results for the six months ended 30 June 2018. They announced that both Profit before tax and New Home Sales increased. Jeff Fairburn, Group Chief Executive, said: “These strong results reflect the continued successful delivery of the Group’s long term strategy and our commitment to meeting customer demand in…
Allen Walkey
UK households owe almost £19 billion to essential service providers and government in arrears according to Citizens Advice
Citizens Advice is calling for better regulation of unaccountable bailiff firms as it reveals households have fallen behind on their essential bills, such as council tax and utilities, by an estimated £18.9 billion. Figures from the charity show: UK households owe £18.9 billion to essential service providers and government in arrears. This includes tax credit…
Allen Walkey
Home-movers need to act now to move by Christmas
· Average asking prices of newly-marketed property show seasonal drop of 2.3% (-£7,218) this month, as new sellers launch a ‘late summer sale’ to try and find a buyer more quickly · Year-on-year sales agreed numbers (-0.8%) are holding steady with some upturn in prices and buyer activity expected in the Autumn, especially if buyers…
Rightmove
Greater London house prices more than double national average according to Halifax research
Latest research from Halifax reveals that Greater London house prices per square metre stall for the first time in 8 years, prices per square metre rose by less than 1% in Greater London. The greatest increase over the last 12 months was in East Anglia where house prices per m2 rose by 7% to £2,256…
Allen Walkey
‘Help to Buy’ allowed to be taken advantage of by highly paid home owners
Does it come as any surprise that the government is failing at another system that was set up to help the UK property market? A farce or a normal day at the office, whichever way round you look at things sees some embarrassing reports being released, the latest here in full from Daily Mail Online,…
Christopher Walkey
House Price Change by Region
The chart shows that annual growth was highest in the West Midlands, followed by the East Midlands, at nearly 6% and just over 4% respectively. The 0.7% drop in London house prices follows a slowdown that began in mid-2016 and marks the lowest annual growth rate since just after the global financial crash, when prices…
EAN Content
Response to press speculation on three year tenancies
In responding to reports in The Sun that a decision will be announced next week on longer term tenancies, the Residential Landlords Association (RLA) warned that this would be a huge breach of confidence in the democratic process given that the consultation on longer tenancies does not close until 26th August. In a later news…
Allen Walkey
£425,000 houses face being demolished!
Planning permission we all know is the be all and end all for many developers and it will usually be the case that plans are fully granted before any building works are carried out, dare you even stray from the original submitted plans thinking you will get away with it, but… A recent article I…
EAN Content
Housing Secretary annouces plans for 200,000 homes and green spaces
With current housing needs the country, and certainly within the South and South East region, it will be a welcome announcement that more homes are to be built – Yes it will all depend where and how many of those homes are affordable and who gets to buy them! James Brokenshire (Housing Secretary) recently announced…
Christopher Walkey
Property Bubble about to Burst – Fact or Fiction?
Once again my morning read gives us warnings over the UK property market with rumours that prices are falling and sales are slowing which could lead to a well needed price correction especially within London and surrounding regions, but could also stretch out to where prices are currently going mad ie Manchester. The Daily Mail Online’s…
Christopher Walkey
Social housing green paper does not go far enough
The National Federation of Builders (NFB) welcomes the papers approach to solving existing social housing problems but warns that proposed changes do not go far enough. The Government has published its social housing green paper, “A new deal for social housing”, which looks to ensure homes are safe and decent, complaints are resolved effectively, residents…
EAN Content
Registration of Overseas Entities – More Transparency Set for the UK Property Sector
The Department for Business, Energy and Industrial Strategy (“BEIS”) have recently published the draft Registration of Overseas Entities Bill (“ROE” or “the Bill”). The draft sets out provisions to establish beneficial ownership registers for overseas entities who wish to own, have a beneficial interest in, let or dispose of a property in the UK. The…
EAN Content
UK Property market is set to tumble?
Is has been booming of recent hasn’t it – The UK housing market I am on about… Prices rising, rising and rising and all on the foundations of buy to let investments and increased population increases, added to of course by somewhat open boarders from the current government. Though, even if you have been more…
Christopher Walkey