Breaking News
House sales increase in October 2017
Published today from HM Revenue and Customs, monthly property transactions completed in the UK with value of £40,000 or above – October 2017. The provisional seasonally adjusted UK property transaction count for October 2017 was 105,260 residential and 11,280 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions increased by 1.7% between…
Allen Walkey
Announcement to build 300,000 homes a year in the UK expected in Autumn budget.
New homes will be high on the agenda in this weeks budget according to speculation and comments from the Chancellor Philip Hammond, it is expected he will announce plans to build 300,000 homes a year in the UK. The chancellor is also expected to announce new powers for local councils when it comes to planning…
Allen Walkey
Comment from shelter on annual house building figures
Shelter comment on annual housing supply figures (2016/17) released yesterday 16th November 2017 There were 217,350 additional dwellings between 2016/2017, and increase of 15% on last year. (DCLG) However, according to government statistics out last week, the total number of affordable homes built in England last year was 41,530, well below the average over the…
Allen Walkey
Prime Minister will say there is more we can do to build the homes the country needs.
Prime Minister Theresa May will pledge that it is her personal mission to ‘build more homes, more quickly’. Speaking ahead of a visit to a housing development in Barnet, North London today (Thursday 16 November), which coincides with the publication of new statistics on housebuilding, Theresa May said: “For decades we simply have not been…
Allen Walkey
Remortgaging was particularly strong in September says UK Finance
Latest press release from UK Finance 14th November 2017 headlined ‘Prospect of rate rise boosted remortgaging in September’. On a seasonally adjusted basis, lending to first-time buyers and movers in September was higher than in August, and there were year-on-year increases by volume and value. UK Finance data shows home buyers borrowed £38.2 billion in…
Allen Walkey
ZPG reports agencies re-joining on a weekly basis.
Earlier this week ZPG owner of Zoopla and PrimeLocation, reported that the number of estate agency branches that left to join OnTheMarket (OTM) in 2015 but have subsequently abandoned OTM to re-join ZPG has now reached over 1,000. ZPG in the same report mention that: During the same period that ZPG’s UK agency branch numbers…
Allen Walkey
UK House prices have risen by 0.4% since August 2017 according to HM Land Registry
Announcement from HM Land Registry published yesterday 14th November 2017. UK House Price Index for September 2017. The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The September data for UK shows: An annual price increase of 5.4% which takes the average property value in the UK…
Allen Walkey
Private rental prices paid by tenants in Great Britain rose by 1.5% in the 12 months to October 2017 according to ONS
Statistical Bulletin released yesterday from the Office for National Statistics (ONS): Index of Private Housing Rental Prices, Great Britain – October 2017. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Main Points as mentioned in the release: Private rental prices paid by tenants in Great Britain…
Allen Walkey
TPO launches phase three of lettings fees campaign in Plymouth
The Property Ombudsman (TPO) scheme has launched phase three of its national campaign with the Chartered Trading Standards Institute (CTSI) to tackle lettings agents that are breaking the law by not displaying their fees. The next phase will see TPO contacting 117 letting agents in Plymouth and the surrounding region. Phase one and two of…
EAN Content
Rents to continue to slide and home values to follow in short term says Home.co.uk
Home.co.uk today released their Asking Price Index report November 2017 headlined ‘Don’t Panic: Stock Levels are Low and Demand Persistent.’ The summary section leads with: ‘Falling London prices and seasonal factors are weighing heavily on the national average, despite continued price growth in the country’s most vigorous regional property markets (both the East and West…
Allen Walkey
An increase in the number of Landlords buying in cash according to Countrywide.
The latest Countrywide Lettings Index report – October 2017 released yesterday headlines ‘Cash landlords spend a record £21 billion’ The report reveals that: The rising number of landlords buying in cash means that over the last year they spent more than at any time in the last decade, a record 65% of landlord purchases over…
Allen Walkey
Autumn Sale as price cuts by existing sellers hit five-year high
New and existing sellers react to quieter time of year by launching their own Autumn Sale to tempt buyers: New-to-the-market sellers trim the asking price of property this month, albeit by a modest 0.8% (-£2,392) Over one-third (37%) of properties already on the market have reduced their asking price since first listing – the…
Rightmove
UK housing market has remained positive through the second half of 2017 says Taylor Wimpey in their trading statement
In their trading statement announcement released today, Taylor Wimpey Plc mentions: The UK housing market has remained positive through the second half of 2017. Customer demand continued to be robust supported by healthy employment trends, a competitive mortgage market and the Government’s Help to Buy scheme. We have experienced favorable trading patterns across our businesses,…
Allen Walkey
Shelter comments on the recent annual affordable housing figures from the government
Shelter comments on the recent annual affordable housing figures from the government which show a rise on last year, but are still well below the number that are needed, with the fewest social homes built since the Second World War. Shelter comment on annual affordable housing figures Almost two thirds of local authorities built no…
Allen Walkey
Small rise in mortgage possessions according to UK Finance
In a press release from UK Finance yesterday 9th November 2017 they reveal that: Mortgage arrears fall in the third quarter but possessions edge upwards. They state: The number of mortgages in arrears of 2.5 per cent or more of the outstanding balance fell again in the third quarter of 2017, but cases of possession…
Allen Walkey