Breaking News
City level house price growth at 6.9% yr on yr says Hometrack
The Hometrack UK Cities House Price Index report January 2017 released today. They state: City level house price growth 6.9% year on year down on 7.9% recorded in January 2016. London has dropped to eighth in city rankings, registering the lowest rate of growth at 6.4% and is running at its lowest level for 4…
Allen Walkey
Purplebricks intends to expand in the US
Purplebricks PLC announced late yesterday its intention to raise up to £50 million (before expenses), the net proceeds of the Placing will be utilised by the Company to enable Purplebricks to launch its business in the US, initially by establishing itself in a number of key states. The Directors intend that the first stage of…
Allen Walkey
Home buyers in London fell to a 4 year low in 2016 says CML
Press release yesterday 22nd February from Council of Mortgage Lenders (CML) headlined ‘London home buyers down 3% in fourth quarter 2016’. Paul Smee, CML director general, commented: “The number of home buyers in London fell to a four year low in 2016. Home mover activity in particular continues a downward trend, with the fewest loans…
Allen Walkey
PART-TIME SURVEYING DIPLOMA COMING TO MANCHESTER
A residential surveying school based in Milton Keynes is spreading its wings this June as it delivers its first surveying course in Manchester. Following the success of recent courses across the UK, the SAVA School of Surveying will offer training for the industry-recognised Diploma in Residential Surveying and Valuation at the Copthorne Hotel in Manchester,…
EAN Content
Changes to the team at Property Personnel
The UK’s longest-established estate agent recruitment consultancy is announcing two important changes to its team. Property Personnel based in Staines-upon-Thames has recruited Maddie Grange as Office Manager. Until the beginning of this year, Maddie lived abroad on the Mediterranean island of Cyprus, where she started her first job in recruitment. “Although I enjoyed living in…
EAN Content
Another strong half year performance says Barratt Developments
Barratt Developments PLC today released their half year results to 31st December 2016 headlined ‘Strong half year for the Group, well on track for the full year’. In the highlights they stated: Completions outside of London at highest level for nine years; London completions were in line with planned build programme, with significant uplift expected…
Allen Walkey
January 2017 Transaction Data from Land registry
Press release from Land Registry published on Gov.uk website yesterday 21st February: January 2017 Transaction Data. The data provides information about the number and types of applications that Land Registry completed in January 2017. The Transaction Data shows Land Registry completed 1,563,358 applications from its customers in January. This included 1,537,352 applications by account holders….
Allen Walkey
The central London rental market is beginning to show signs of topping out says the NLA
Recent news article from the National Landlords Association (NLA) posted 19th February headlined ‘Landlords follow tenants out of capital as rental demand nosedives’. The article leads: The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other areas of the…
Allen Walkey
A difficult year for Bovis Homes Group following a period of ambitious growth.
BOVIS HOMES GROUP PLC released yesterday 20th February their Final Results for the year ended 31st December 2016. In the overview they state: A difficult year for the Group following a period of ambitious growth. Commenting, Ian Tyler, Chairmanof Bovis Homes Group PLC said, “Despite the difficulties of 2016, the Board remains confident in the…
Allen Walkey
Sunstantial growth in London house prices over last 20 years says Lloyds Bank
Recent press release from Loyds Bank published 17th February headlined ‘London House Prices: Hackney leads the way with the highest rise in the capital’. According to new research by Lloyds Bank, the North East London Borough of Hackney has seen the steepest growth in house prices in the capital over the past 20 years and…
Allen Walkey
Lowest annual increase since 2013 gives warning to over-pricing sellers
Annual rate of increase lowest since April 2013 at +2.3%, though overall demand remains strong: Rightmove traffic at record January levels, with visits up 3% on January 2016’s buy-to-let boosted period Investor sectors understandably quieter than this time last year on number of properties coming to market and number of properties sold Slower rate of…
Rightmove
Shelter calls for 5 year rental contracts
Shelter is campaigning to give renters a fairer deal and greater security by introducing longer rental contracts, they are calling on the housing minister Gavin Barwell to make five-year rental contracts available to renters. If necessary renters could leave such contracts early, but at least they’d have the option of staying in their home for…
Allen Walkey
Mortgage market has been resilient and adaptable in 2016 says CML
News release from the Council of Mortgage Lenders (CML) this week headlined ‘Mixed picture in December but first-time buyer lending healthy says CML” New data from the CML released this week reveals house purchase activity increased month-on-month and year-on-year but remortgage and buy-to-let levels decreased. Paul Smee, director general of the CML, commented: “2016 could…
Allen Walkey
Private rental prices rise by 2.2% in year to Jan: 2017 according to ONS
The most recent Statistical Bulleten from the Office for National Statistics (ONS): Index of private housing rental prices (IPHRP) in Great Britain: January 2017. Main points included in the Statistical Bulleten as below. Private rental prices paid by tenants in Great Britain rose by 2.2% in the 12 months to January 2017; this is down…
Allen Walkey
CML estimates Gross mortgage lending reached £18.9 billion in January
News releases yesterday 23rd February from the Council of Mortgage Lenders (CML) included Market commentary February2017 and press release with their estimate that gross mortgage lending reached £18.9 billion in January, up 2% compared to a year ago. They stated: First-time buyer numbers continue to recover in 2016, but home mover numbers remain weak. Remortgage…
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Allen Walkey