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Shelter comments on building enough affordable homes following the dreadful Grenfell tragedy
The council that ran the Grenfell Tower block struck deals worth nearly £50m last year to allow developers to avoid having to build affordable homes, research for BBC News shows. Read the report in full. http://www.bbc.com/news/uk-40643072 Shelter comments on what they think needs to happen to address this problem in Kensington and beyond. Anne Baxendale,…
Allen Walkey
UK house prices grew by 4.7% in the year to May 2017
UK House Price Index summary: May 2017 published 18th July 2017 calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Monthly report that shows changes in average house prices for England, Scotland, Wales and Northern Ireland. UK house prices grew by 4.7% in the year to May 2017, 0.6 percentage points…
Allen Walkey
Housing market is likely to remain subdued for the next couple of years according to PWC
UK economic growth held up better than expected in the six months following the Brexit vote, particularly as regards consumer spending. But growth slowed in the first half of 2017 as inflation rose sharply, squeezing household spending power, according to PWC UK Economic Outlook report July 2017. The PWC states: The housing market is likely…
Allen Walkey
LSL expects to report strong interim results on 1st August 2017
LSL Property Services plc, a leading provider of residential property services incorporating both Estate Agency and Surveying businesses, today provides Pre Interim Results Trading Update ahead of the announcement of its interim results on 1st August 2017. Trading Update Following LSL’s positive AGM statement issued on 27th April 2017, trading for the first half of…
Allen Walkey
Plethora of sold boards restricts choice as buyer demand remains strong
Newly-marketed property prices at virtual standstill, up by 0.1% (+£312) as we enter quieter holiday season Fundamentals remain good mid-year with robust demand, low interest rates and low unemployment: Sales agreed numbers remain strong year-to-date in 2017, almost identical to 2016 Prospective buyers in many parts of the country are seeing the highest proportion…
Rightmove
Average House Price Lower than March Peak according to Your Move
According to the latest Your Move England & Wales House Price Index, prices are starting to cool ahead of the summer as a North-South divide re-emerges. New Analysis for June shows that the average house price is £301,114, down 0.2% on May. House prices have continued the downward trend and are now on average £2,358…
Allen Walkey
Telford Homes acheives further momentum in the build to rent sector
Telford Homes AGM statement 2017. Chief Executive of Telford Homes, Jon Di-Stefano said: “Since we reported our final results on 31 May 2017, Telford Homes has achieved further momentum in the build to rent sector and we are assessing a number of exciting new development opportunities to add to our £1.5 billion development pipeline. …
Allen Walkey
Belvoir Lettings Plc announces acquisition of Brook Financial Services Limited
BELVOIR LETTINGS PLC announced yesterday 13th July 2017: Acquisition of Brook Financial Services Limited, update on trading & Board changes. Belvoir Lettings plc announced that it has acquired the entire issued share capital of Brook Financial Services Limited for a total consideration of £2.0 million. Brook, which trades as Mortgage Advice Bureau, is an appointed…
Allen Walkey
House price inflation drops further in June according to RICS
According to the latest RICS UK Residential Market Survey uncertainty continues to stifle the housing market as house price inflation dropped further in June. They state that: At the same time there’s little encouragement for sales activity with agreed sales declining alongside new buyer enquiries and new instructions. This trend is also being reflected in…
Allen Walkey
Mortgage lending rose in May
The UK Finance press release yesterday headlines ‘Home buyers up 12% in May compared to April’. May mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a non-seasonally adjusted basis, UK Finance data shows that mortgage lending in May rose. In May home buyers borrowed £10.8bn, up 10%…
Allen Walkey
Home price growth has been lower than inflation for six consecutive months suggest data from Home.co.uk
The Asking Price Index July 2017 released today by Home.co.uk headlines ‘House Price Growth Falls Further Behind Inflation’. The UK property market has clearly entered a period of stagflation. Our data suggests that home price growth has been lower than inflation for six consecutive months. Leading item in headlines reads: Home prices nudge up by…
Allen Walkey
Landlords must comply with new EPC rules by April 2018
The Residential Landlords Association (RLA) in a latest news release headlined ‘Landlords must be ready for changes to EPC rules’ highlights that the government has confirmed that changes to EPC rules preventing landlords from renting out inefficient homes will be brought in next April. The RLA states that: In a high level meeting the department…
Allen Walkey
Business activity growth in England slowed to a nine-month low in June according to lloyds Bank
Press release today from Lloyds Bank headlines ‘England sees economy lose growth momentum at end of second quarter’. According to Lloyds: Business activity growth in England slowed to a nine-month low in June, while Wales saw its fastest rise since February, according to the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI). England’s business activity…
Allen Walkey
House prices have flattened over last quarter according to Halifax
The Halifax House Price Index report June 2017 released today headlines ‘Annual house price growth eases to 2.6%’. House prices in the three months to June were 2.6% higher than in the same period of 2016. House prices in the three months to June 2017 were 0.1% lower than in the three months to March…
Allen Walkey
Competition Appeal Tribunal issues judgment in favour of Agents’ Mutual
The Competition Appeal Tribunal today issued its judgment in the case between Agents’ Mutual v Gascoigne Halman. Ian Springett, Chief Executive of OnTheMarket.com, said: “We are pleased that the Tribunal has confirmed the position maintained consistently by our Board that Agents’ Mutual’s strategy for entry to the portals market has been pro-competitive both in object…
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