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Mortgage approvals decreased in December according to Bank of England
Statistical release published today from Bank of England – Money and Credit: December 2017. Lending to Individuals. Mortgage approvals decreased in December, with falls for both house purchase and remortgaging approvals. House purchase approvals were the weakest since January 2015 and remortgaging approvals fell to 46,475, following strength in October and November. Read the statistical…
Allen Walkey
Weak house price growth in London offsets above average growth rates in large regional cities according to Hometrack
Latest UK Cities House Price Index report – December 2017 reveals: UK city house price inflation has slowed to 5.4% as weak house price growth in London offsets above average growth rates in large regional cities. The report states: ZPG listings data shows discounts to asking prices are narrowing, indicating market conditions are improving across…
Allen Walkey
Numbers of first-time buyers increase for 6th consecutive year according to latest halifax First-Time Buyer Review.
The latest Halifax First-Time Buyer Review released 27th January 2018 headlined ‘Number of first-time buyers highest since 2007 despite deposits doubling.’ The number of first-time buyers is estimated to have reached 359,000 in 2017, an increase for the sixth consecutive year, while those taking their first step on to the property ladder are putting down…
Allen Walkey
Building sector adopting modern methods of construction according to Lloyds bank
Housebuilders are investing in modern methods of construction and skills to address a number of industry challenges as it looks to deliver growth and new homes for the future, according to new research from Lloyds Bank Commercial Banking. The third annual Lloyds Bank housebuilding report which surveys housebuilders and their supply chain, analyses the state…
Allen Walkey
Shelter’s response to new government figures on rough sleeping
Shelter’s response to new government figures on rough sleeping, which show: In Autumn 2017, 4,751 people were rough sleeping in England – a 15% increase in a year and a 169% increase since 2010 when the figures first started being recorded – this is the highest number yet. https://www.gov.uk/government/collections/homelessness-statistics#rough-sleeping. Responding to the figures, chief executive of…
Allen Walkey
Shelter’s response to the government’s English Housing Survey
Find below Shelter’s response to the government’s English Housing Survey, which show: Overall: 63% of English households are homeowners, 20% are private renters and 17% are social renters. Renters: The number of households that are private renting has risen by 74% in the last ten years (2007 – 2016/17). There has been a particularly large…
Allen Walkey
Foxtons expects trading conditions to remain challenging throughout 2018.
Foxtons Group plc today issued its trading update for the year ended 31 December 2017 ahead of its preliminary results announcement on 28 February 2018. The update states: The Group’s performance for the year was in line with the Board’s expectations. Nic Budden, CEO, said: “This was a solid performance in the context of ongoing…
Allen Walkey
UK residential property transactions count for December 2017 was 99,100 according to HMRC
The provisional seasonally adjusted UK property transaction count for December 2017 was 99,100 residential and 10,390 non-residential transactions according to HM Revenue and Customs – UK Property Transactions Count – December 2017. For Residential transactions: The seasonally adjusted estimate of the number of residential property transactions decreased by 3.9% between November 2017 and December 2017….
Allen Walkey
Alison Platt resigns as CEO of Countrywide Plc
The Board of Countrywide plc announces today that Alison Platt has resigned as Chief Executive Officer of the Group and will stand down from the Board. The Board has asked Peter Long to become Executive Chairman to which he has agreed until such time as a successor is appointed. Alison Platt commented: “Since joining in…
Allen Walkey
Housing charity Shelter launches a commission into the future of social housing
Shelter launches social housing commission in the wake of Grenfell tragedy as new stats show almost half of families in social housing ignored or refused help Housing charity Shelter launches a commission into the future of social housing to address crucial issues which have been highlighted by the Grenfell Tower Fire, as new research highlights…
Allen Walkey
Changing affordable housing rules will kill off SME developers, warns Aston Mead
Leading land broker Aston Mead Land & Planning says a change to the rules on affordable housing for smaller sites would have a devastating effect on the very business the Government is trying to support. As the law stands, developments of 10 homes or fewer are excluded from the requirement to provide or contribute to…
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ZPG signs a number of further long term marketing agreements
ZPG Plc has today announced that it has signed a number of further long term marketing agreements with leading estate agency firms across the UK including Foxtons, Dexters, Andrews and Yopa. The news release from ZPG continues: As part of the new multi-year agreements each firm has committed to continuing to advertise all of their…
Allen Walkey
Average monthly rent in UK in December 2017 stands at £907 according to Homelet
Latest Homelet Rental Index report – December 2017 data reveals average rents across the UK rose by 1.7% in December 2017 when compared to the same month a year previously. The average monthly in the UK rent is now £907, when London is excluded, the average UK rental value was £758 in December 2017, this…
Allen Walkey
Stamp duty reduction for FTB’s announced in last Autumn Budget likely to increase prices.
Today 22nd January 2018 – The Treasury Committee publishes a unanimously agreed report on the Autumn Budget 2017. In the report it highlights that the stamp duty reduction for first-time buyers (FTB’s) announced in the Budget is likely to increase the prices paid by such buyers. In the summary it stated: The Chancellor abolished Stamp…
Allen Walkey
Shelter responds to the Fitness for Human Habitation Bill
Shelter responds to the Fitness for Human Habitation Bill passing a second reading in Parliament Friday 19th January 2018: Polly Neate, Shelter’s chief executive, said: “It’s shocking that renters all over the country are forced to live in sub-standard and unsafe homes so this is an important first step towards giving them the rights they…
Allen Walkey