Breaking News
Telford Homes on track to deliver over £40 million profit before tax for FY 2018
Telford Homes Plc the residential property developer focused on non-prime London, today announces its interim results for the six months ended 30 September 2017. Jon Di-Stefano, Chief Executive of Telford Homes, commented: “Telford Homes is firmly on track to deliver profit before tax in excess of £40 million for the year to 31 March 2018,…
Allen Walkey
ZPG agrees long term extension of their existing relationship with LSL
ZPG Plc announced earlier this week that it has signed a new long term portal agreement with LSL Property Services Plc, the UK’s third largest estate agency group. As part of the new agreement, LSL, which owns several brands in the UK including Your Move, Reeds Rains and Marsh & Parsons, with over 500 estate…
Allen Walkey
Sales lodged for registration in October 2017 according to HM Land Registry
News release from HM Land Registry published today – October 2017 Price Paid Data. This month’s Price Paid Data includes details of more than 101,000 sales of land and property in England and Wales that HM Land Registry received for registration in October 2017. Of the 101,008 sales received for registration in October 2017: 74,649…
Allen Walkey
Estate Agents Join West London Trial Of Homeowner Software
Ten estate agents in West London have joined a trial of a new online home logs being launched by local tech start-up Chimni that could see homeowners link directly into agent and portal systems. West London based tech start-up Chimni is teaming up with ten local Estate Agents in to trial a new online home…
EAN Content
House price to salary ratio for London has hit a record high according to Hometrack
The latest Hometrack UK Cities House Price Index – October2017 reveals UK city house price inflation increases to 6.1% with robust growth in regional cities. The house price to salary ratio for London has hit a record high at 14.5x earnings, the average house price in London reached £496,000 in October, and average earnings were…
Allen Walkey
Flurry of remortgage activity in October according to UK Finance
UK Finance latest update on lending – November 2017 released end of last week for the month October 2017 reveals: Strength in remortgage activity amongst homeowners, alongside stronger first-time buyer numbers, are likely to have been the drivers of mortgage lending in October. Commenting on the data, UK Finance’s Senior Economist Mohammad Jamei said: ‘The anticipated…
Allen Walkey
Shelter issues warning ahead of critical Christmas season
Shocking new figures show Shelter received a call for help every 22 seconds in the run up to Christmas last year, and the charity is warning that the situation this winter could be set to get worse. New research from Shelter and M&S shows that in 2016 the charity’s helpline received over a hundred thousand…
Allen Walkey
ZPG confirms no plans to make another offer for GoCompare
ZPG confirmed yesterday 23rd November 2017 that it does not plan to make another offer for GoCompare. As per the statement contained in the announcement from ZPG ‘Further to the announcements by ZPG Plc (“ZPG”) and Gocompare.com Group plc (“GoCompare”) in relation to ZPG’s possible offer for the entire issued and to be issued share…
Allen Walkey
Borrowing by home movers grows strongly in third quarter in London according to UK Finance
News report with data out today from UK Finance headlines ‘Lending in London grew strongly in third quarter’. Uk Finance report that in the third quarter of 2017 in London home buyers borrowed £6.74 billion for house purchase, up 10 per cent quarter-on-quarter and 13 per cent year-on-year. First-time buyers borrowed £3.31 billion, up seven…
Allen Walkey
UK Finance response to Autumn Budget 2017
Responding to the Chancellor’s budget, Stephen Jones, Chief Executive, UK Finance said: “At a time when there is still much uncertainty about the nature of the UK’s relationship with the EU and the impact this will have on future cross-border trade this was rightly a Budget focused on investing in UK plc. “Today’s announcements start…
Allen Walkey
Shallow government continues its drive to ‘push up’ house prices:
Once again, a decision not in the favour of the future of our nation taken by the current government, a trying to show we are doing something action that in fact will have yet again more negative repercussions for the country. Most of us will fully realise that the supposed beneficiaries of this tax break…
Christopher Walkey
Stamp duty abolished for First-Time Buyers in Autumn Budget.
Chancellor Philip Hammond delivered his Autumn Budget yesterday, the headline announcement which he left to last was that stamp duty will be abolished for all first-time buyer property purchases priced up to £300,000, with immediate effect. In the more expensive areas such as London stamp duty will be abolished on the first £300,000 of properties…
Allen Walkey
Miles Shipside comments on today’s stamp duty announcement:
Rightmove Director and Housing Market Analyst Miles Shipside comments on today’s stamp duty announcement: “First-time-buyers should think about acting quickly to take advantage of this stamp duty ban, before the extra demand it creates pushes up prices and starts to eat away at the extra cash this Stamp Duty exemption will free up. The Government…
Rightmove
Countryside announces an excellent year of growth
Countyside Properties PLC a leading UK homebuilder and regeneration partner, today released audited results for the full year ended 30 September 2017. Countryside highlighted an excellent year of growth with 28% uplift in completions and 32% increase in revenue. Commenting on the results, Ian Sutcliffe, Group Chief Executive, said: “With completions up 28%, 2017 has…
Allen Walkey
Rental price inflation slows in October according to Homelet
The latest Homelet Rental Index report – October 2017 reveals average rents across the UK rose by 0.9% in October compared to the same month a year ago. According to Homelet in October 2017, average rental values in London (£1,556) were 71.2% higher than the rest of the UK (£909). Homelet data revealed that on an annualised…
Allen Walkey