Breaking News
No rent payments, two mortgages & mounting legal fees – A landlord’s ‘Nightmare Tenant’
This week (Thursday 28th April, 9pm) on Channel 5s “Nightmare Tenants, Slum Landlords”, a Watford landlord has a fight on his hands when his long-term tenant stops paying rent and unleashes a deluge of abuse when he tries to evict her. With rent arrears already at £6000 and mounting legal costs, builder David Simpson has…
EAN Content
New Non-Executive Director to the board of Countrywide PLC.
The Board of Countrywide plc announced today that Natalie Ceeney will be appointed Non-Executive Director of the Company with effect from 28 April 2017. In the release they state: Natalie has held various Senior Executive positions and most recently was Chief Executive of HM Courts and Tribunals Service, Head of Customer Standards of HSBC UK;…
Allen Walkey
Discounted properties have seen a bigger reduction since the end of last year says Zoopla
Zoopla yesterday 26th April 2017 released a property news report headlined ‘One third of homes have £25,000 slashed off asking price’. They revealed that nearly one-third of properties listed for sale on their property website have seen big discounts, their analysis shows that the average reduction in asking prices stands at almost £25,000. The property…
Allen Walkey
Landlords and Letting Agents who exploit tenants to be “named and shamed”
Announced yesterday by the Mayor of London, Sadiq Khan, was that criminal landlords and letting agents who exploit their tenants will be ‘named and shamed’ on a new online database to protect the two million private renters in the capital. The Mayor of London, Sadiq Khan, said: “I refuse to stand by as thousands of…
Allen Walkey
General election a genuine positive for the UK property industry says JLL UK
Comments in a recent news release from JLL UK on 19th April 2017 on the announcement of the UK general election to be held on 8th June 2017. Jon Neale, Head of UK Research, JLL UK said: “The announcement of a snap general election on 8 June is a genuine positive for the UK property…
Allen Walkey
Sellers need to adjust their expectations of value says Savills
A recent UK news release from Savills published 24th April on their website headlined ‘Prime housing markets continue to adjust to uncertain times’. In the leading paragraph the report states: The UK’s prime regional housing markets have performed more strongly than London’s top postcodes for over two years. Lucian Cook, Savills head of residential research,…
Allen Walkey
UK Property Transaction Count – March 2017 from HMRC
HM Revenue and Customs UK Property Transactions Count – March 2017 released 21st April 2017. In the commentary they stated: The provisional seasonally adjusted UK property transaction count for March 2017 was 102,810 residential transactions. The seasonally adjusted estimate of the number of residential property transactions increased by 0.5% between February 2017 and March 2017….
Allen Walkey
New price record and best sales since 2007 should mitigate pre-election jitters
Price of property coming to market hits record high, up 1.1% (+£3,547) to £313,655 this month, though lower than the average increase of 1.6% at this time of year over the past seven years Overall annual pace of increase continues to slow, now at 2.2%, the lowest for four years: First-time buyer sector is driving…
Rightmove
Tight supply coupled with demand is pushing up prices in Scotland
The latest Your Move/Acadata Scottish House Price Index released last week on 21st April 2017 headlined ‘Prices heading north’. According to the latest Your Move Scottish House Price Index report, house prices in Scotland grew strongly in February with prices up by 1.4% and growing 3.3% annually. The report reveals: New peaks in five areas…
Allen Walkey
#PropTechDen shines with a full house at the Google Campus London
The Inaugural #PropTechDen took place at London’s Google Campus with what was a full house of speakers, judges and audience (the event was already double booked and had a reserve list of many wishing to pitch their start up companies in the world of proptech). Contact us if you would like to sponsor the forthcoming…
Christopher Walkey
Agents run for charity in this years London Marathon
London Marathon takes place this Sunday 23rd April, as in every year so many agents and others in the property industry get involved in this event for the sake of their chosen charities. We extend our best wishes to everyone who is taking part this year and that they do well for their chosen charities….
Allen Walkey
Estimated gross mortgage lending March is 19% higher than previous month according to CML
The Council of Mortgage lenders (CML) gross mortgage lending estimate for March and market commentary published yesterday 20th April headlined ‘Gross mortgage lending increases 19% in March. The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.4 billion in March. Gross mortgage lending for the first quarter of 2017 was therefore an estimated…
Allen Walkey
New campaign is the biggest ever for Zoopla
This week (17th April) property website Zoopla launches a brand new above-the-line advertising campaign, which shows how Zoopla can help simplify the process of moving home, as told through the eyes of hermit crabs – the world’s most prolific movers. The campaign will debut with a 60” TV advert which introduces all the hermit crab characters who will…
Allen Walkey
Average annual rental growth slows in UK according to Homelet
Data from the latest Homelet Rental Index March 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year. The report highlights that for March 2017 the average UK rental value was £904pcm – this is 1.1% higher than the same period last year (£894pcm). In…
Allen Walkey
The shocking state of housing in England today is seriously impacting people’s wellbeing says Shelter
New Shelter report reveals that a huge 1 in 5 adults suffer mental health problems such as anxiety, depression and panic attacks, due to housing pressures. The new Shelter report highlights how the shocking state of housing in England today is seriously impacting people’s wellbeing. One in six adults say housing issues have also affected their physical health reporting symptoms…
Allen Walkey