Breaking News
UK construction firms experience slowdown in growth in March.
The UK construction purchasing-managers’ index from Markit and the Chartered Institute of Procurement and Supply (CIPS) slipped to a seasonally adjusted 52.2 in March from 52.5 in February and against market consensus for a reading of 52.4 the survey revealed on Tuesday 4th April. March data revealed that a slowdown in growth was seen across…
Allen Walkey
2016 is another good year for Belvoir
Belvoir Lettings plc, the UK’s largest property franchise, today announced preliminary results for the year ended 31 December 2016. it reported revenue increased by 43 per cent to £9.9m, up from £6.9m in 2015. Mike Goddard, Chief Executive Officer of Belvoir Lettings, commenting on the results, said: “2016 was another good year for Belvoir as we…
Allen Walkey
Falling unemployment and creation of more jobs key driver to house price growth according to Lloyds Bank.
Recent media and research centre report from Lloyds Bank headlines ‘House price growth outperforms in areas where unemployment has fallen most since 2017’. Areas where improvements in unemployment are at their greatest have typically experienced above average house price rises, seeing prices soar by almost £100,000 in past decade, according to the latest research from…
Allen Walkey
Competition and Markets Authority reviewing acquisition of ‘Expert Agent’ by ZPG.
In a recent ‘Breaking News’ article posted 2nd March we highlighted the fact that ZPG PLC had acquired ‘Expert Agent’. In a UK regulatory announcement released on Friday 31st March ZPG stated that the Competition and Markets Authority (“CMA”) is reviewing the Company’s acquisition of Websky Limited (“Expert Agent”) and that, accordingly, the CMA has…
Allen Walkey
Average rents increased in Q4 2016 according to Belvoir.
The latest Belvoir Rental Index Report for Q4 2016 is now published on their website. Belvoir Lettings is one of the UK’s largest specialist residential lettings agencies with over 150 offices nationwide and a 20+ franchise support team based at Central Office in Grantham. Belvoir report that the National Rental Trend for offices in England,…
Allen Walkey
Annual rate of house price growth slows in March according to Nationwide
Released today the Nationwide House Price Index (HPI) for March headlines ‘House price growth softens in March’ The annual rate of house price growth slowed in March to 3.5%, lower than the rate reported for February at 4.5%. House prices fell by 0.3% month on month in March, a turnaround from the rise in February…
Allen Walkey
More than 1 million people using Help to Buy schemes.
Help to Buy statistics released yesterday 30th March on Gov.UK website show that more than 259,000 completions have taken place using one or more of the Help to Buy schemes, the majority of these are first-time buyers. More than 215,000 (84% of total completions) first-time buyers are now on the housing ladder thanks to Help…
Allen Walkey
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