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Strongest rent growth seen outside London says Your Move
The latest Buy to Let Index March 2017 report for England and Wales from Your Move headlines ‘East and South East rents rise as demand outside London Rockets’. The average rent in Egland and Wales for Febraury 2017 was £798. Strong rent growth was seen outside London with Wales seeing rents rise faster than anywhere…
Allen Walkey
Approvals of loans secured on dwellings fell slightly in February according to (BoE)
The Bank of England (BoE) monthly Money and Credit statistical release published yesterday 29th March 2017. Key points from the data to the end of February 2017 for lending to individuals included: Lending secured on dwellings rose by £3.5 billion in February, similar to the flows in recent months. Approvals of loans secured on dwellings…
Allen Walkey
“Brexit” Theresa May will formally trigger Article 50 today.
Today 29th March 2017 is the day that Theresa May will formally trigger Article 50, notifying the European Union of the intention of the United Kingdom to withdraw from membership. This starts the clock running on a process that is supposed to take 2 years, however many believe that it could take longer. The timescale…
Allen Walkey
Buyers with smaller deposits growing in number says e.surv
The latest Mortgage Monitor for February from e.surv Chartered Surveyors headlines ‘Strong performance continues for small deposit buyers’. Small deposit buyers continue to grow market share and make up a fifth of the market for all new mortgage approvals – a significant increase in the past year. In January 2017 small deposit borrowers took 18.7%…
Allen Walkey
More than 84,200 property sales were lodged for registration in February with Land Registry
Announcement today on Gov.UK website from Land Registry – February 2017 Price Paid Data. Land Registry Price Paid Data tracks land and property sales in England and Wales submitted to us for registration. This month’s Price Paid Data includes details of over 84,200 residential and commercial land and property sales in England and Wales lodged for…
Allen Walkey
Homelessness Reduction Bill recently passed its final stage in the House of Lords
Recent news release 23rd March from The Chartered Institute of Housing (CIH) the independent voice for housing and the home of professional standards headlined ‘Passage of bill ‘hugely positive’ as figures reveal continued scale of homelessness’. Terrie Alafat CBE, chief executive of the Chartered Institute of Housing, said: “The passage of the Homelessness Reduction Bill …
Allen Walkey
99% of TPO letting agents in Swansea & Dorset now displaying their fees correctly
Phase one of a national campaign between The Property Ombudsman (TPO) and the Chartered Trading Standards Institute (CTSI) to tackle letting agents breaking the law by not displaying their fees, is complete. The Property Ombudsman has confirmed that 99% of TPO letting agents in Swansea and Dorset are now compliant. Phase two of the campaign…
EAN Content
Homeownership has become less affordable for young people in the UK
Publication today from the Social Mobility Commission on the Gov.UK website headlines ‘Home ownership access to first-time buyers in the UK’. Research on first-time buyers’ reliance on their parents to get onto the housing ladder. Analysis of Government and housing market data finds that the proportion of young people embarking on home ownership has fallen…
Allen Walkey
Twitter thinking about charging users in the near future.
Twitter is growing, in most cases, to be one of the best and most sincere news channels available to users across the world. In times where we know that news stations just broadcast what their political beliefs steer them to share, social media and in particular Twitter, gives people the chance to find out what…
Christopher Walkey
Gross mortgage borrowing in February higher than same month last year according to BBA
The BBA today released their February 2017 figures for the high street banks. It states: Gross mortgage borrowing of £13.4 billion in February was 4.6% higher than in the same month last year. After allowing for repayments, February’s net mortgage borrowing was 2.5% higher than in February 2016. House purchase approval numbers of 42,613 were…
Allen Walkey
Highest house price growth is outside of London according to Hometrack
The latest UK Cities House Price Index – February 2017 from Hometrack released today leads with: City house price growth running at 6.4%, down from 7.8% twelve months ago. London house price growth is at its lowest level since 2013, the annual price increase in the capital is at 5.6% which is acting as a…
Allen Walkey
Housing market has been slowly building up momentum over the last few months according to CML
Press release today from the Council of Mortgage Lenders (CML) headlines ‘Gross mortgage lending £18.2 billion in February’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. Read the CML Gross Mortgage Lending release in full click here. In the Market Commentary report also released today it states: The…
Allen Walkey
Demand for rental properties outstripping supply says Connells
Latest news release published by Connells earlier this week headlined ‘Lettings market stays strong for local lettings agency’. The rental market continues to grow and shows no signs of slowing down, according to local lettings agency Connells. Stephen Nation, Group Lettings Managing Director at parent company Connells Group says, “The current climate in the residential…
Allen Walkey
NORTH TYNESIDE COUNCIL LAUNCHES LANDLORD TRAINING PARTNERSHIP
North Tyneside Council and the National Landlords Association (NLA) have announced a new partnership that aims to bring professional practice to the private rented sector (PRS). The partnership – the first of its kind between a local council and a landlord body – will see North Tyneside Council encourage local landlords to sign up as…
EAN Content
Savills PLC announces record results
Savills plc, the international real estate advisor, today announces record results as the Group benefits from market share growth in key markets and its broad spread of services across the globe. Key Operating Highlights leads: The strength of our key commercial market positions, growth in Investment Management and the resilience of our residential businesses led…
Allen Walkey