Breaking News
UK RENTS NOW FALL FOR FIRST TIME IN EIGHT YEARS, MAY HOMELET RENTAL INDEX REVEALS
Rents in the UK fell by 0.3% in May compared to the same month a year ago, the first such fall since December 2009; the average monthly rent now stands at £901 Rents in London fell by 3.0% in May compared to May 2016, the most substantial fall for 8 years HomeLet’s May Rental Index…
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Average rents fell nationally for the first time in eight years in May 2017 says Homelet
Homelet Rental Index report – May 2017 data published today headlines ‘UK rents fall for the first time in eight years’. Rents in the UK fell by 0.3% in May compared to the same month a year ago, the average monthly rent now stands at £901. Rents in London fell by 3.0% in May compared…
Allen Walkey
The construction sector has snapped back into action in May says CIPS
Construction growth rebounds to 17-month high in May, driven by house building says the Chartered Institute of Procurement & Supply (CIPS) in the latest IHS Markit/CIPS UK Construction PMI survey report. Key findings: Business activity rises at fastest pace since December 2015, Residential work replaces civil engineering as best performing category and Input cost inflation…
Allen Walkey
ZPG welcomes back agents.
ZPG, owner of Zoopla and PrimeLocation, last week reported that the total number of estate agency branches that have now left Onthemarket (OTM) to re-join ZPG over the past two years has now reached more than 800, just the week pevious saw a further 16 agency branches return to ZPG, taking the total number of…
Allen Walkey
‘Rumble with the Agents’ raises £18k for Noah’s Ark Children’s Hospice
On Thursday 25th May 2017 ‘Rumble with the Agents’, an annual white collar charity boxing event in association with Landlord Action and sponsored by Hamilton Fraser, raised £18,000 for Noah’s Ark Children’s Hospice. The sell-out event, which took place at The Holiday Inn Finchley Central, brought together a room filled with property professionals, including estate/letting…
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Decrease in house prices will be welcomed by first-time buyers says E.Surv
Figures released yesterday from the Nationwide showed a third consecutive monthly fall in house prices, the longest sustained drop since 2009, the drop has brought down the annual growth in prices to 2.1%, its lowest level in nearly four years. Comments from Richard Sexton, director at e.surv in reponse to the latest Nationwide HPI report:…
Allen Walkey
Surprising rise in proportion of landlords using a letting agent according to NLA
The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to new research from the National Landlords Association (NLA). Over 60 per cent of landlords say they currently use a letting agent to manage their properties, a rise of seven per cent…
Allen Walkey
Housing market is losing momentum according to Nationwide
Nationwide House Price Index May 2017 released today headlines ‘Further slowing in annual house price growth in May.’ House prices show third consecutive monthly decline for the first time since 2009. Annual house price growth dips to 2.1% from previous 2.6% in April, providing further evidence that housing market is losing momentum. Commenting on the…
Allen Walkey
#PropTechDen invites you to the next event August 3rd 2017
#Proptech Den – August 3rd It’s back and a host of new Proptech startups and judges at Google Campus London on August 3rd 6:15-10pm! Book your free tickets to attend easily on Eventbrite today here: https://www.eventbrite.co.uk/e/proptechden-august-2017-tickets-34502309336 Would you like to be part of the next #PropTechDen (August 2017)? If you would like to pitch your…
Allen Walkey
CML reviews housing in Scotland compared to rest of UK
Latest news release from the Council of Mortgage Lenders (CML) published 30th May 2017 headlined ‘Housing in Scotland: a key political issue’ CML looks at how the market in Scotland compares to the rest of the UK, and reviews different housing practices and policies operating north of the border. Scotland is the second largest housing…
Allen Walkey
The Happy Tenant Company acquires well known Landlord and Letting business
The Happy Tenant Company (HTC), a residential asset management company, is pleased to announce the acquisition of The Landlord and Letting Show, The Landlord and Letting Awards and The Landlord and Buy to Let magazine, alongside plans to host their first landlord conference later this year. Recognised in the industry, the Landlord and Letting show…
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Property Master has launched the UK’s first digital buy-to-let mortgage brokerage service.
Property Master has launched the UK’s first digital buy-to-let mortgage brokerage service. Property Master will allow landlords to find, compare and secure the best mortgage deals available for their buy-to-let portfolio, saving them up to £3,000 per BTL mortgage. Property Master enables the UK’s 2 million private landlords to take control of their portfolio financing…
Allen Walkey
Telford Homes Plc reports record revenue of £291.9 million
Telford Homes Plc, the London focused residential property developer, today announces its final results for the year ended 31 March 2017. Telford Homes Plc reports record revenue of £291.9 million, an increase of 19 per cent (2016: £245.6 million) Commenting on the Final Results, Jon Di-Stefano, Chief Executive of Telford Homes, said: “I am delighted…
Allen Walkey
Labour manifesto contains plans to introduce Land Value Tax
Various reports out today highlight that the Labour manifesto contains plans for a Land Value Tax to replace the council tax and business rates on homes and gardens, council tax bills could treble for middle-class homeowners according to the conservatives. The Conservatives have estimated the average cost to homeowners with gardens at nearly £4,000 and…
Allen Walkey
Homes in areas closer to supermarkets command a premium according to Lloyds Bank
New research from Lloyds Bank has found that homes within easy reach of a local supermarket are, on average, £21,512 higher than in nearby areas. Areas close to budget supermarkets have seen biggest house price rises, with growth of 11% in 3 years. House prices near a Waitrose typically cost £36,480 more than in the…
Allen Walkey