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Onthemarket.com releases a progress report following admission to AIM
Onthemarket.com achieved their admission to the Alternative Investment Market (AIM) and first day of dealings on Friday 9th February 2018, they followed this up with a progress report on Friday last week in which they announced that after five days of trading on AIM, agent support for its portal has been extremely encouraging. On the…
Allen Walkey
Record home-hunter activity fuels rises in most regions
Active start to 2018 as housing demand continues to be resilient: Price of property coming to market up by an average of 0.8% (+£2,414), indicating cautious optimism among new sellers All regions see price rises except for marginal fall of just £131 in the South West January busiest month ever on Rightmove with home-hunter visits…
Rightmove
Consultation to shape a simpler and better complaints system for dissatisfied tenants and homeowners.
Anouncement published 18th February 2018 from The Ministry of Housing, Communities and Local Government and The RT Hon Sajid Javid MP – ‘Government moves towards a shake-up of broken housing complaints system.’ The announcement states in part: Dissatisfied tenants and homeowners across the country may be offered a lifeline as government considers options to ensure…
Allen Walkey
Buying a home is cheaper than renting according to Halifax
The latest Halifax Buying vs. Renting Review found that the average cost including mortgage payment of buying a three-bed home in the UK was £679 a month in December 2017, compared to the average monthly rent of £754 for the same property type. New research from the Halifax reveals that first-time buyers are saving £27,000…
Allen Walkey
Rental market grew in 2017 according to Countrywide
The latest Countrywide plc Monthly Lettings Index – January 2018 released this week reveals that rising rents and more households renting means 2017 was a record year for total rent, last year tenants in Great Britain paid a record £51.6 billion in rent, an increase of £1.8 billion on the previous year and more than…
Allen Walkey
OTM founder member signs long term listings agreement with ZPG
ZPG Plc which owns and operates some of the UK’s leading digital property platforms including Zoopla, PrimeLocation, Property Software Group and Hometrack, today announces that one of the OTM founder members, Douglas & Gordon, has signed a new long term listings agreement with ZPG. Douglas & Gordon, which operates 18 offices across London, will now…
Allen Walkey
Private rental prices paid by tenants in Great Britain rose by 1.1% in the 12 months to January 2018 according to ONS
Latest Statistical Bulletin from the Office for National Statistics released 13th February 2018 – Index of Private Housing Rental Prices, Great Britain – January 2018. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Main points included in the release: Private rental prices paid by tenants in…
Allen Walkey
Better standards for Nottingham’s private rents as new licensing scheme gets green light
Private tenants in Nottingham will benefit from better quality accommodation and greater protection from rogue landlords after the Government approved a new licensing scheme. The City Council scheme covering over 30,000 privately rented homes in Nottingham is the largest outside London to be given approval by the Secretary of State. A report by the BRE…
EAN Content
Average UK house prices have risen by 0.4% since November 2017 according to HM Land Registry data
Latest UK House Price Index for December 2017 published 13th February 2018 from HM Land Registry. The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The December data shows: On average, house prices have risen by 0.4% since November 2017, an annual price rise of 5.2%,…
Allen Walkey
Weaker figures for mortgage lending in December 2017 according to UK Finance
Latest news release from UK Finance headlines ‘First-time buyers in 2017 reach decade-high but market cools in December’ UK Finance states: Mortgage lending for first-time buyers, home movers and buy to let purchases all fell in December 2017 compared to the previous year, UK Finance’s latest mortgage trends update reveals. However, 2017 overall saw the…
Allen Walkey
No signs of recovery in London as downward slide continues according to Home.co.uk
The latest Home.co.uk Asking Price Index report – February 2018 released today headlines ‘Midlands Forges Ahead while London Prices Slide.’ The report shows strong price growth in the Midlands and Yorkshire keeps national average positive despite London falls, there are no signs of a recovery for London as the downward 21 month slide continues. The…
Allen Walkey
Slowdown in London extends to South East and North East
The latest LSL/Acadata E&W House Price Index – January 2018 – released 12th February headlined ‘HOUSE PRICES EDGE UP IN JANUARY.’ House prices in England and Wales increased by 0.2% in January, the average house price is now £301,477, according to the latest index. The House Price Index report reveals falls were recorded in London…
Allen Walkey
‘Illegal Subletting fine’ for Brent Estate Agency
With a false business address of Willesden High Road, Easy Let Agency was reported to have deceived landlords by leasing property with illegal subletting intentions according to Brent Council. The Brent estate agency has now received a large fine for the act of illegal subletting property. Easy Let that operates under Focus Property Management Limited…
EAN Content
ZPG reports a record 68 million visits to its platform in January
ZPG Plc in its latest news release 9th February 2018 reported a record 68 million visits to its platform in January. ZPG states: Consumer traffic to ZPG’s property websites hit a record high of over 58 million visits during January, up 10% year on year with mobile traffic accounting for 60% of visits. And visits…
Allen Walkey
Overall mortgage arrears and possessions continuing to decline.
Latest UK Finance – Mortgage Arrears and Possessions Update – February 2018 reveals: There were 82,800 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the fourth quarter of 2017, that is 7% fewer than in the same quarter of the previous year. Within the total, there were 24,700…
Allen Walkey