Breaking News
Yopa, DailyMail and Savills… Onward and upwards with Online Estate Agency it seems
It would appear the fear of online estate agency is now more or less a standard acceptance across the board, that it is likely to be part of or most of the future of estate agency in years to come. Be it major high street estate agencies or investment companies / media companies / consumer…
Christopher Walkey
New three year partnership deal between Countrywide Surveying Services and Leeds Building Society
Countrywide announced yesterday 16th May that Countrywide Surveying Services has been appointed by Leeds Building Society as its valuation and panel manager in a new three year partnership deal. Commenting on the new contract, Martin Richardson, Leeds Building Society’s Director of Operations said: “We’re pleased to have appointed Countrywide Surveying Services to provide property valuation and…
Allen Walkey
UK house price grew by 4.1% in year to March 2017
UK House Price Index summary; March 2017 from HM Land Registry published yesterday 16th May 2017. This is a monthly report that shows changes in average house prices for England,Scotland,Wales and Northern Ireland. UK House prices grew by 4.1% in the year to March 2017, 1.5 percentage points lower than in the year to February 2017….
Allen Walkey
Less than 2% of new house purchase loans are now taken out on an interest-only basis
News from the CML, Council of Mortgage Lenders, showcase the decline of interest-only mortgages in the UK with now only 2% being them in 2017 which is a fair drop from what was approximately 40% in 2017. “When we first started to collect this data in 2012, the regulatory concern was that interest-only loans…
EAN Content
Shelter reveals how hard-pressed private renters need to borrow to pay their rent.
In a latest survey conducted by Shelter, they reveal that 1 in 3 renters on low incomes, which adds up to almost half a million people are having to borrow money in the form of credit cards, overdrafts or friends and family to be able to pay their rent. According to a Shelter analysis of…
Allen Walkey
House Price Index: affordability struggles continue as election looms
The latest England & Wales House Price Index from Your Move has shown that affordability struggles continue as election looms. Top line stats: Average house price at £301,606 in April Up just 0.1% in the month and 3.5% annually West Midlands powers on as fastest growing region, topping growth table with Shropshire up 10% London…
EAN Content
Growth in registrations in both private and affordable sector says NHBC
According to the latest NHBC home registration statistics, more than 42,000 new homes were registered in the UK by NHBC in the first three months of this year. In Q1 2017 the number of registrations was 42,470, a 17% increase on last year (36,351). Of these: Private sector registrations in 2017 increased by 10% (31,197),…
Allen Walkey
SAFEagent Awareness Week 15-19 May 2017
Next week, 3,000 professional lettings agents across the UK will unite for SAFEagent Awareness Week 15-19 May 2017 – continuing to highlight to consumers the importance of choosing a professional agent who is part of a Client Money Protection (CMP) Scheme run by a professional membership body or trade association. SAFE (Safe Agent Fully Endorsed)…
Allen Walkey
Mortgages in arrears at their lowest quarterly rate on record, says CML
News release from the Council of Mortgage Lenders (CML) published yesterday 11th May 2017 headlined ‘Arrears continued to fall in first quarter, says CML’ According to the CML, the number of mortgages in arrears fell slightly in the first quarter of 2017, and is down on both the previous quarter and a year ago. There…
Allen Walkey
Bank of England – Bank Rate held at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 10 May 2017, voted by a majority of 7-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The…
Allen Walkey
UK property market is heading into a period of much lower growth overall according to Home.co.uk (API) report
The Home.co.uk Asking Price Index (API) report May 2017 released today headlines ‘London Prices Down but Most Regions Performing Well’. Home prices up overall by 2.8% year-on- year, however greater London prices down 1.6% year-on- year (down around 5.0% in real terms). Doug Shephard Director at Home.co.uk said: “The UK property market is heading into…
Allen Walkey
Lack of choice is affecting UK housing market activity
The Royal Institution of Chartered Surveyors (RICS) UK Residential Survey April 2017 released today headlines ‘Lack of choice for new buyers hampering housing market as sales decline’. The RICS main house price index for April held at +22, unchanged from March, their measure of how prices are likely to perform in the next three months…
Allen Walkey
Which side is your best when it comes to photos of your property?
Many people look in to the mirror and will say I have a best side I am sure, not an uncommon thing, and they will usually want to, if seen by someone they are looking to attract, to be seen on their better side. So anyway, enough of self vanity and on to property which…
Christopher Walkey
Barratt Developments PLC delivering a strong performance since the start of the calendar year.
Barratt Developments PLC today issued a trading update in respect of the period from1 January to 7 May 2017, in which it highlights: Total completions (including joint ventures) expected to be around 17,350 for the year, the highest number of completions in nine years. They state that: Market conditions remain good, with the Group delivering…
Allen Walkey
Savills Plc announce they have traded in line with expectations.
Savills plc, the international real estate advisor, held their Annual General Meeting (AGM) yesterday 9th May 2017, they announced that during the year to date Savills has traded in line with expectations and ahead of the corresponding period in 2016, both as reported and on a constant currency basis. In relation to the UK Prime…
Allen Walkey