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London is weakest performing region first time since 2005 says Nationwide
The latest Nationwide House Price Index report September 2017 headlines ‘London house prices fall for first time in 8 years’. London is weakest performing region for first time since 2005, with house prices down 0.6% year-on-year. UK annual house price growth stable at 2.0% in September. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist,…
Allen Walkey
Rental demand outstrips supply in many areas according to Your Move
Latest Your Move Buy-to-Let Index report September 2017 for England and Wales headlines ‘Rents rise across much of England and Wales’. The report reveals: On a non-seasonally adjusted basis, the average rent charged to tenants was £904 in August, many areas see demand outstrip supply as tenant numbers rise. Richard Waind, Director, Your Move, comments:…
Allen Walkey
Rental prices are increasing across much of Scotland says Your Move
Latest Your Move Buy-to-Let Index report September 2017 for Scotland headlines ‘Scottish rents edge up in August’. The report reveals: Demand for rental properties in Scotland continues to grow, typical Scottish rent stands at £579 in August, up 0.7% on July. Brian Moran, Lettings Director, Your Move Scotland comments: “Rental prices are increasing across much of…
Allen Walkey
Shelter reveals legal loophole has been used by housing developers to avoid building 706 social homes.
New research from Shelter reveals that a legal loophole has been used by housing developers to avoid building 706 social homes in Kensington and Chelsea – more than enough to house families made homeless from the Grenfell tower fire. The research reveals that despite being required by local planning policy these homes haven’t been built…
Allen Walkey
Upward momentum in house price growth across regional cities shows no sign of slowing according to Hometrack
The latest Hometrack UK Cities House Price Index August 2017 reveals that UK city house price inflation is at 4.9%, down from 6.6% in August 2016. City house price inflation is being sustained by above average growth in regional cities while prices in London have stabilised but are falling in real terms. The upward momentum…
Allen Walkey
104,763 mortgages have been completed with the support of the Help to Buy mortgage guarantee scheme.
Help to Buy: Mortgage guarantee scheme quarterly statistics – Data from 8 October 2013 to 30 June 2017 released 28th September from HM Treasury. Since the launch of the Help to Buy: mortgage guarantee, 104,763 mortgages have been completed with the support of the scheme. 80% of the 104,763 mortgages completed were purchases by first-time…
Allen Walkey
More than 98,500 residential and commercial land and property sales in England and Wales lodged for registration in August 2017.
August 2017 Price Paid Data from HM Land Registry published yesterday 28th September 2017 reveals more than 98,500 residential and commercial land and property sales in England and Wales lodged for registration in August 2017. HM Land Registry Price Paid Data tracks land and property sales in England and Wales submitted to us for registration. The…
Allen Walkey
Shelter’s response to Jeremy Corbyn’s Labour Conference speech
Shelter’s response to Jeremy Corbyn’s Labour Conference speech which included a proposal to introduce rent controls. Polly Neate, Shelter CEO, said: “There is a growing debate about the crisis facing those who rent, with families facing rising bills and insecure lets. Shelter supports controls that lengthen tenancies and protect families from unfair rent rises but not old fashioned rent-setting…
Allen Walkey
NAEA Propertymark submits it’s views to the Treasury ahead of the Autumn Budget 2017
NAEA Propertymark has submitted its views to the Treasury ahead of the Autumn Budget 2017, calling on the Government to exempt first-time buyers from paying stamp duty and give incentives to downsizers in order to encourage them to move. NAEA Propertymark’s monthly Housing Report shows that the proportion of sales made to first-time buyers fell…
Allen Walkey
Housing market activity has been growing modestly since the start of the year according to UK Finance.
Market Commentary September 2017 published yesterday by UK Finance reveals estimate of gross mortgage lending for August is £24.2 billion, of which £15.1 billion was lent by High Street Banks. Accounting for seasonal factors, it is in the same ball park as monthly lending over the course of 2017. They state: Housing market activity has…
Allen Walkey
Why Mickey Flanagan is right about estate agency
In couple of weeks’ time I’m off with Mrs L to see our favourite comedian Mickey Flanagan performing in Brighton. There’s three main reasons I like him. Like me he doesn’t speak propah but doesn’t give a monkey’s. His comic descriptions of growing up in a working-class London family are scarily accurate. His line ‘My…
Jerry Lyons
Book for next #PropTechDen 30th October 2017
Following on from the success of #PropTechDen April & August 2017 we are now pleased to tell everyone that these great networking and proptech themed events will take place every 2/3 months staring from October 2017. We are pleased to host these free to attend events at Google Campus London. Book for 30th October 2017…
Allen Walkey
Another set of excellent results says MAB
Mortgage Advice Bureau today announced their interim results for the six months ended 30 June 2017. Revenue up 15% to £49.6m with gross profit up 20% to £12.0m. Market share was up 10% to 4.4% with gross mortgage lending up 9% to £5.2bn. Peter Brodnicki, Chief Executive commented: “I am delighted to report another set…
Allen Walkey
Close relationship between local authorities and housing associations will be crucial to meet housing need says CIH
In a news release today from The Chartered Institute of Housing (CIH) it reveals: according to a new best practice research guide by them a close relationship between local authorities and housing associations will be crucial to meet housing need. Local authorities and housing associations across England were interviewed and visited as part of the research…
Allen Walkey
Joint report on UK and Irish Housing Markets:
A joint research report, recently published by UK Finance and the Banking and Payments Federation Ireland (BPFI). The report, UK and Irish Housing Markets: A First Time Buyer Perspective. Themes explored in the report are: First-time buyers in both the UK and Ireland are suffering similar effects of the financial crisis, but in the last…
Allen Walkey