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Prices are not plummeting in the capital and surrounds, but rather sliding gently according to Home.co.uk
Home.co.uk Asking Price Index report October 2017 released today headlines ‘House Prices Tick Up Despite London Falls.’ Top of the Home.co.uk headlines: Greater London prices slide for a third consecutive month, by 0.2%, pushing the year-on-year change into negative territory (-0.7%). The drag effect of a weak London market means that the national average growth…
Allen Walkey
Shortage of stock both in the new build and second-hand market says RICS
The latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey report September 2017 released today headlines ‘Activity drops amid price increases’. The survey reveals the UK housing market continues to lack momentum in September, as demand from new buyers and sales fall again and the shift in interest rate expectations contributes to buyer…
Allen Walkey
Telford Homes Plc expect more build to rent transactions as institutional demand continues to grow
Telford Homes Plc the London focused residential property developer, today provides a trading update ahead of its interim results for the six months ended 30 September 2017 which will be released on Wednesday, 29 November 2017. Leading the highlights section they state: The ongoing acute need for more homes to buy and rent in non-prime…
Allen Walkey
ZPG reach significant milestone in referrals via new MoveIt tool
ZPG reveals that they have reached the significant milestone of delivering over £1m in referrals to their agents via their new MoveIt tool. In the press release ZPG state: MoveIt provides agents with the opportunity to build their own supplier panels and offer their home-movers with quick and convenient quotes from leading professionals from across…
Allen Walkey
RENTS ACROSS THE UK CONTINUE TO RISE SEPTEMBER HOMELET RENTAL INDEX REVEALS
Average rents across the UK rose by 2.1% in September when compared to the same month a year ago; the average monthly rent is now £927 Rents in London rose 1.9% in September, year-on-year, continuing the recovery that began last month after falls throughout the Spring and Summer; the average monthly rent in the capital…
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First Autumn rental price standstill as South East records annual fall
National asking rents outside London dropped by 0.2% in the third quarter of 2017, the first drop recorded at this time of year Drop fuelled by the South East with rents down 2.3% on last quarter, and down annually for the first time, due to steadily increasing supply since last year’s second home stamp duty…
Rightmove
Countryside homes are 20% more expensive on average than in urban areas according to Halifax
Countryside homes are £44,454 (20%) more expensive on average than in urban areas, according to the latest annual Halifax Rural Housing Review. In the review they highlight that Waverley in the South East is the most expensive rural area with an average house price of £487,824 and first-time buyers account for 12% fewer country homes…
Allen Walkey
ARLA Propertymark pleased the Government has taken the decision to regulate the private rented sector
ARLA Propertymark commented last week on the Conservative pledge to regulate private rented sector. David Cox, Chief Executive ARLA Propertymark comments on Conservative pledge to regulate the private rented sector. “After 20 years of our campaigning falling on deaf ears, we’re very pleased the Government has taken the decision to regulate the private rented sector….
Allen Walkey
Annual rate of growth picks up for second consecutive month says Halifax
Halifax House Price Index report September 2017 released today headlines ‘Annual House Price Growth Rises to 4%. House prices in the three months to September 2017 were 1.4% higher than in the three months to June 2017. Prices in the three months to September were 4.0% higher than in the same three months a year…
Allen Walkey
Wales draft budget includes proposals for average first-time buyer to pay no stamp duty
This week Finance Secretary Mark Drakeford unveiled a new budget for Wales, reflecting the Welsh Government’s new tax and borrowing powers. In the draft budget the Finance Secretary announces new progressive rates and bands for land transaction tax (LTT) and landfill disposals tax (LDT), which will replace stamp duty land tax and landfill tax, respectively…
Allen Walkey
Demand for new homes remains strong says NHBC
NHBC’s latest new home registration statistics reveals that more than 13,500 new homes were registered to be built in August, an increase of 9% compared to a year ago. During June – August 2017, the number of NHBC new home registrations was 38,360 compared to 37,145 in the same period last year. Of these: 28,866 were…
Allen Walkey
Funding for affordable homes will be increased by a further £2 billion
The government has confirmed plans for a new generation of council and housing association homes as confirmed in the Gov.UK announcement. Government has confirmed plans for a new generation of council and housing association homes. Funding for affordable homes will be increased by a further £2 billion to more than £9 billion. Ministers also confirmed plans…
Allen Walkey
Government must urgently act to make renting more stable and more affordable says Shelter
Shelter’s urgent call on renting to Teresa May ahead of her leader’s speech at the Conservative Party Conference today, Shelter thinks the government must urgently act to make renting more stable and more affordable. Key statistics on private renters in England: There are 4.5 million households renting privately in England, over a third of them…
Allen Walkey
Those living in Mid-Scotland are the happiest people in Scotland according to Bank of Scotland
The latest Happiness Index from Bank of Scotland shows those living in Mid-Scotland are the happiest people in Scotland: The Happiness Index looks at how happy Scots are in the communities in which they live and this year shows that the people of Scotland are 12% happier than when the Happiness Index began in 2015,…
Allen Walkey
Insufficient membership has been achieved for a full launch of CIELA
CIELA Update: The 6 month consultation pre-launch period ended as of Saturday 30th September. Insufficient membership has been achieved for a full launch. However, discussions are now taking place with well-established, third parties who have expressed an interest in possible alliances or partnerships which may allow CIELA to fully form, although these discussions are at…
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