Breaking News
Supply of private rental properties available in London fell by a third in April according to ARLA Propertymark
According to the latest ARLA Propertymark UK Private Rented Sector report for April, supply of properties available in London fell by a third in April, while only rising marginally on average across the UK. The number of tenants negotiating rent reductions fell last month – 2.8 per cent of agents witnessed tenants successfully negotiating rent…
Allen Walkey
CML estimate gross mortgage lending for April at £18.4 billion
The Council of Mortgage Lenders (CML) yesterday 25th May 2017 published news release headlined ‘Gross mortgage lending £18.4 billion in April.’ In their market commentary released the same day they headlined the following: Transactions continue to be driven by first-time buyers, as all other parts of the market remain weaker than this time last year….
Allen Walkey
Belvoir lettings trading update announces total group revenue up 19%
Belvoir Lettings PLC, one of the UK’s largest property franchises, issues a trading update ahead of the Group’s General Meeting today. Trading during the first quarter of the current financial year has been in line with the Board’s expectations. Group revenue was up 19% on the prior year, mainly reflecting the acquisition of Northwood in…
Allen Walkey
Proportion of small deposit buyers has risen again says e.surv
e.surv Chartered Surveyors Mortgage Monitor for April released May headlines ‘Small deposit lending increases once again’. Highlights are: Fourth successive month the proportion of small deposit buyers has risen, taking a 21.4% share of the market Overall mortgage market has grown for first time since November 2016 Northern Ireland is top location for small deposit…
Allen Walkey
London house purchase activity decreased in the first quarter according to CML
Council of Mortgage Lenders (CML) press release today headlines ‘Home buyers in London down 19% in the first quarter compared to a year ago.’ New Council of Mortgage Lenders data reveals London house purchase activity decreased in the first quarter but remortgage lending continued a resurgence. In the first quarter, home buyers borrowed £5.4bn for house…
Allen Walkey
Number of residential property transactions drops by over one fifth in April
HM Revenue and Customs UK Property Transactions Count – April 2017 released 23rd May 2107. National Statistics – monthly property transactions completed in the UK with value of £40,000 or above. The number of residential property transactions dropped by over one fifth in April as the housing market showed further signs of a slowdown. For April…
Allen Walkey
Rental growth remains low across Great Britain says Countrywide
The latest Countrywide Plc Monthly Letting Index – April 2017 headlines ‘More London investors buy outside the capital than ever before.’ The proportion of London investors buying outside the capital has reached 50% in 2017, the highest on record. London investors bought over 22,000 homes outside the capital in 2016, up from 3,300 in 2010 – more…
Allen Walkey
Voters want to see more housing in their area according to the National Housing Federation
The National Housing Federation (NHF) reveals in a recent news release that voters of all parties in England want to see more housing in their area, especially if it is affordable, fewer than one in 10 now say no new homes are needed in their area at all. David Orr, Chief Executive at the National…
Allen Walkey
Rightmove House Price Index – Another price record is set:
Rightmove House Price Index – Another price record is set as the under-elevens keep the market moving: Price of property coming to market rises for fifth consecutive month, up 1.2% (+£3,626) to a new record Typical family homes see biggest price rise, recording a 5.4% year-on-year jump Home-owners with children under eleven keep the market…
Rightmove
The first half year is expected to end better than anticipated according to Hunters
Hunters, one of the UK’s largest national sales and lettings estate agency and franchise businesses, held their 2017 Annual General Meeting on Friday 19th May 2017. The Chairman, Kevin Hollinrake, made the following statement: “In the four months to April this year we have opened six new Hunters branches through organic growth and a further…
Allen Walkey
RISE IN SINGLE PROPERTY LANDLORDS HIT BY BUY-TO-LET TAX CHANGES
Single property landlords are finally waking up to the fact they could be pushed in to a higher tax bracket following the introduction of new taxation rules for buy to let, according to the National Landlords Association (NLA). The statement comes as recent research from the NLA shows the proportion of single property landlords who…
EAN Content
Shelter welcomes major parties pledges to end rough-sleeping
Shelter welcomes the pledges made in all of the major party’s manifestos this week to end rough-sleeping. Anne Baxendale, director of policy and campaigns at Shelter, said: “Clearly the sharp rise in rough-sleeping in recent years has rung alarm bells in politicians’ ears, so it’s good to see all major parties pledging to end this…
Allen Walkey
Home buyers down 12% on last year:
Home buyers up 27% in March compared to February but down 12% on last year… We’ve had a busy year in all what with Trump and Brexit! On a non-seasonally adjusted basis, lending in March: Home buyers borrowed £11.2bn First-time buyers borrowed £4.9bn for home-owner house purchase Home movers borrowed £6.2bn Home-owner remortgage activity was up…
EAN Content
Foxtons performance for Q1-2017 in line with Board’s expectations
Foxtons Plc, London’s leading estate agent yesterday 17th May 2017 issued a trading update for Q1-2017. During the first quarter Foxtons performance has been in line with the Board’s expectations. Group revenue was £28.7m compared to £38.4m in the first quarter last year and £26.4m in the fourth quarter of 2016. This quarterly performance is set…
Allen Walkey
The Property Ombudsman expels London Corporate Apartments:
Landlords and tenants are being warned that London Corporate Apartments Ltd (LCA) has been expelled from The Property Ombudsman (TPO) scheme for failing to pay an award following a rental deposit dispute. The Property Ombudsman (TPO) scheme helps more than 16,000 consumers with their property disputes every year and the scheme’s free, fair and impartial…
EAN Content