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House Price Index: affordability struggles continue as election looms
The latest England & Wales House Price Index from Your Move has shown that affordability struggles continue as election looms. Top line stats: Average house price at £301,606 in April Up just 0.1% in the month and 3.5% annually West Midlands powers on as fastest growing region, topping growth table with Shropshire up 10% London…
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Growth in registrations in both private and affordable sector says NHBC
According to the latest NHBC home registration statistics, more than 42,000 new homes were registered in the UK by NHBC in the first three months of this year. In Q1 2017 the number of registrations was 42,470, a 17% increase on last year (36,351). Of these: Private sector registrations in 2017 increased by 10% (31,197),…
Allen Walkey
SAFEagent Awareness Week 15-19 May 2017
Next week, 3,000 professional lettings agents across the UK will unite for SAFEagent Awareness Week 15-19 May 2017 – continuing to highlight to consumers the importance of choosing a professional agent who is part of a Client Money Protection (CMP) Scheme run by a professional membership body or trade association. SAFE (Safe Agent Fully Endorsed)…
Allen Walkey
Mortgages in arrears at their lowest quarterly rate on record, says CML
News release from the Council of Mortgage Lenders (CML) published yesterday 11th May 2017 headlined ‘Arrears continued to fall in first quarter, says CML’ According to the CML, the number of mortgages in arrears fell slightly in the first quarter of 2017, and is down on both the previous quarter and a year ago. There…
Allen Walkey
Bank of England – Bank Rate held at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 10 May 2017, voted by a majority of 7-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The…
Allen Walkey
UK property market is heading into a period of much lower growth overall according to Home.co.uk (API) report
The Home.co.uk Asking Price Index (API) report May 2017 released today headlines ‘London Prices Down but Most Regions Performing Well’. Home prices up overall by 2.8% year-on- year, however greater London prices down 1.6% year-on- year (down around 5.0% in real terms). Doug Shephard Director at Home.co.uk said: “The UK property market is heading into…
Allen Walkey
Lack of choice is affecting UK housing market activity
The Royal Institution of Chartered Surveyors (RICS) UK Residential Survey April 2017 released today headlines ‘Lack of choice for new buyers hampering housing market as sales decline’. The RICS main house price index for April held at +22, unchanged from March, their measure of how prices are likely to perform in the next three months…
Allen Walkey
Which side is your best when it comes to photos of your property?
Many people look in to the mirror and will say I have a best side I am sure, not an uncommon thing, and they will usually want to, if seen by someone they are looking to attract, to be seen on their better side. So anyway, enough of self vanity and on to property which…
Christopher Walkey
Barratt Developments PLC delivering a strong performance since the start of the calendar year.
Barratt Developments PLC today issued a trading update in respect of the period from1 January to 7 May 2017, in which it highlights: Total completions (including joint ventures) expected to be around 17,350 for the year, the highest number of completions in nine years. They state that: Market conditions remain good, with the Group delivering…
Allen Walkey
Savills Plc announce they have traded in line with expectations.
Savills plc, the international real estate advisor, held their Annual General Meeting (AGM) yesterday 9th May 2017, they announced that during the year to date Savills has traded in line with expectations and ahead of the corresponding period in 2016, both as reported and on a constant currency basis. In relation to the UK Prime…
Allen Walkey
ZPG signs a new multi-year agreement to provide portal marketing services to Badger Holdings
In a press release yesterday 8th May 2017 ZPG announces that it has signed a new multi-year agreement to provide portal marketing services to Badger Holdings, owner of numerous high street estate agent brands. Mark Goddard, Managing Director of ZPG’s Property division commented, “We are delighted to have agreed a long term relationship with Badger…
Allen Walkey
New data from Homelet reveals London rents fell for first time since 2009 in April
Homelet Rental Index report April 2017 released yesterday 8th May 2017 headlined ‘London rents fall for the first time in eight years’. The report stated: Rents on new tenancies in London fell by 1.2% in April compared to the same month a year ago, the first such fall since December 2009. UK rents in April…
Allen Walkey
Virtually no change in house prices over past three months says Halifax.
Halifax House Price Index (HPI) April 2017 released today headlines ‘Annual house price growth unchanged at 3.8%’. The report states: House prices fell by 0.1% between March and April. There has been virtually no change in prices over the past three months. House prices in the three months to April were 3.8% higher than in…
Allen Walkey
Rents increase in Scotland in March compared to previous month according to Your Move
The latest Your Move Scottish Buy to Let Index April 2017 released 3rd May 2017 headlined ‘Demand for family properties pushes up prices’. The report revealed that all Scottish regions saw rents rise in March compared to the previous month, average Scottish rent is now 3.8% higher than a year ago, typical Scottish rental property…
Allen Walkey
BoE figures show mortgage approvals to home buyers falls to six month low in March
The Bank of England (BoE) statistical release 4th May 2017… Money and Credit March 2017. Lending secured on dwellings rose by £3.1 billion in March, similar to the recent average but lower than expected. In year-on-year terms, the increase was the weakest since November 2015. Mortgage approvals secured on dwellings for house purchase and remortgaging…
Allen Walkey