Breaking News
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
Tight supply coupled with demand is pushing up prices in Scotland
The latest Your Move/Acadata Scottish House Price Index released last week on 21st April 2017 headlined ‘Prices heading north’. According to the latest Your Move Scottish House Price Index report, house prices in Scotland grew strongly in February with prices up by 1.4% and growing 3.3% annually. The report reveals: New peaks in five areas…
Allen Walkey
#PropTechDen shines with a full house at the Google Campus London
The Inaugural #PropTechDen took place at London’s Google Campus with what was a full house of speakers, judges and audience (the event was already double booked and had a reserve list of many wishing to pitch their start up companies in the world of proptech). Contact us if you would like to sponsor the forthcoming…
Christopher Walkey
Agents run for charity in this years London Marathon
London Marathon takes place this Sunday 23rd April, as in every year so many agents and others in the property industry get involved in this event for the sake of their chosen charities. We extend our best wishes to everyone who is taking part this year and that they do well for their chosen charities….
Allen Walkey
Estimated gross mortgage lending March is 19% higher than previous month according to CML
The Council of Mortgage lenders (CML) gross mortgage lending estimate for March and market commentary published yesterday 20th April headlined ‘Gross mortgage lending increases 19% in March. The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.4 billion in March. Gross mortgage lending for the first quarter of 2017 was therefore an estimated…
Allen Walkey
New campaign is the biggest ever for Zoopla
This week (17th April) property website Zoopla launches a brand new above-the-line advertising campaign, which shows how Zoopla can help simplify the process of moving home, as told through the eyes of hermit crabs – the world’s most prolific movers. The campaign will debut with a 60” TV advert which introduces all the hermit crab characters who will…
Allen Walkey
Average annual rental growth slows in UK according to Homelet
Data from the latest Homelet Rental Index March 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year. The report highlights that for March 2017 the average UK rental value was £904pcm – this is 1.1% higher than the same period last year (£894pcm). In…
Allen Walkey
The shocking state of housing in England today is seriously impacting people’s wellbeing says Shelter
New Shelter report reveals that a huge 1 in 5 adults suffer mental health problems such as anxiety, depression and panic attacks, due to housing pressures. The new Shelter report highlights how the shocking state of housing in England today is seriously impacting people’s wellbeing. One in six adults say housing issues have also affected their physical health reporting symptoms…
Allen Walkey
The launch of Proptech Den 2017 happens tonight.
The launch of Proptech Den 2017 happens tonight Event location: Google Campus. Ground Floor. Bonhill Street, London Event Date and Time: April 19th 2017. 18:40 – 21:30. Taking things one step beyond, moving with the times and networking in the modern era are some of the ways to describe Estate Agent Networking – Trying to reach…
Allen Walkey
Fall in rental growth is driven by London says Countrywide.
Countrywide PLC Monthly Lettings Index for March 2017 published yesterday headlined – ‘One in five homes let, owned by a company landlord – a record high’. According to the report: In the first three months of 2017 the proportion of homes let by a company landlord reached 20%, a record high. Changes to tax relief calculations…
Allen Walkey
Council of Mortgage Lenders Seminar – Northern Ireland
The Council of Mortgage Lenders seminar ‘The mortgage market in Northern Ireland’ to be held on the 11th May 2017 at The Hilton Belfast. The half-day update will examine a variety of developments, including the latest regulatory issues and legal updates, the seminar will provide examples of best practice from industry experts. About the Event…
Allen Walkey
Average annual rate of house price inflation was 3.3% in March says Your-Move
According to Your Move’s England & Wales latest House Price Index for March 2017, the average house price is now £301,278, a 3.3% increase since last year and 0.5% increase since February. New peak prices were set in 39 of the 109 regions and counties in England & Wales, up from 26 last month and…
Allen Walkey
High-end sale properties in central London remain under pressure says RICS
The Royal Institution of Chartered Surveyors (RICS) today released their Residential Market Survey March 2017 headlined ‘Residential sales still lack impetus’. The survey points out that new buyer enquiries and sales remain flat in March and stock levels hit new record low as number of properties coming to market continues to decline. The picture remains…
Allen Walkey