Breaking News
TSB appoints Hometrack as provider and long term partner for AVM services
ZPG Plc announced on their website yesterday 2 May 2017 that Hometrack (which is now part of ZPG Plc) has been appointed by TSB to be its provider and long-term partner for Automated Valuation Model (AVM) services. The property analytics business will supply the mortgage team at TSB with a combination of valuation and risk…
Allen Walkey
House purchase approvals broadly reflect a steady housing market says BBA
The latest statistical news release from the BBA ‘March 2017 figures for the high street banks’ released 28th April 2017. The BBA states: Gross mortgage borrowing in March totalled £13.2bn much in line with recent months. Net mortgage borrowing in March was 2.2% higher than a year ago. House purchase approval numbers of 41,061 were…
Allen Walkey
Current trading in the year to date has been in line with our expectations says Bovis Homes Group
Bovis Homes Group today released their trading statement for the period covering 1 January 2017 to date, the statement comments on the Group’s current trading and outlook for the financial year. They state: Current trading in the year to date has been in line with their expectations. That they have opened 8 new sites in…
Allen Walkey
House price inflation in London continues to slow says Hometrack
The latest UK Cities House Price Index – March 2017 from Hometrack released 28 April 2017 leads with: City level house price growth rate is 6.4%, up from 4.9% at the end of last year. 2017 Q1 saw city level house prices rise by 3.5%, the highest quarterly rate of price inflation for 3 years….
Allen Walkey
Second consecutive monthly decline in house prices in April according to Nationwide
Nationwide House Price Index April 2017 report released today headlined ‘Annual house price growth slowest in nearly four years’. The report reveals that house prices show second consecutive monthly decline in April, annual house price growth dips to 2.6%, weakest pace for almost four years. The monthly change in April was -0.4% compared to -0.3%…
Allen Walkey
A good start to 2017 says Taylor Wimpey plc
Taylor Wimpey plc released their trading statement yesterday for the period covering 1 January 2017 to 27 April 2017. Pete Redfern, Chief Executive, commented: “We‘ve had a good start to 2017, with positive customer demand and good mortgage availability supporting a strong sales rate. We remain well positioned to make further progress in 2017 which…
Allen Walkey
Operational performance continues to be excellent for Persimmon PLC
Trading update from Persimmon PLC yesterday 27th April in which they announced current trading, financial performance and the outlook for the current financial year. The statement covers the period from 1 January 2017 to date and supplements the update given in the announcement of the 2016 Final Results on 27 February 2017. The leading paragraph…
Allen Walkey
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