Breaking News
House price growth in regional cities continues to overhaul London
Hometrack UK Cities House Price Index December 2016 released today headlines ‘London drops to 7th in house price growth rankings’ UK city house price inflation bounced back in 2016Q4 with average values rising 2.2%. Growth over 2016 was down slightly compared to 2015 (7.7%) but in line with the average rate over the last 18…
Allen Walkey
Funding to prevent and reduce Homelessness
The Government website GOV.UK this week announced ‘Government backs Homelessness Bill with £48 million for councils’. Councils are to receive a further £48 million funding to help them deliver new and expanded services to prevent and reduce homelessness, Local Government Minister Marcus Jones has confirmed. This new funding will be available to councils in England…
Allen Walkey
Lending for landlords wanting to offer longer tenancies
The Council of Mortgage Lenders (CML) news release yesterday 19th January headlined ‘Fact Check: Do lenders really oppose longer tenancies?’ The CML points out: As market conditions have steadily improved in the aftermath of the financial crisis, lenders have continued to make funding more readily available for housing in all tenures, as part of this…
Allen Walkey
LANDLORDS FOLLOW TENANTS OUT OF CAPITAL AS RENTAL DEMAND NOSEDIVES
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 UK. New research* shows that the number landlords reporting a rise in tenant demand over the past quarter has slipped almost 30 percentage points when compared…
EAN Content
House sales faltered in last month of last year according to RICS
The Royal Institution for Chartered Surveyors (RICS) today released their December 2016 UK Residential Market Survey report headlined ‘Housing activity stutters in December’. House sales in the UK faltered in December and the RICS predictions for expected new sales over the next three months are pared back. Central London house prices continue to slip back,…
Allen Walkey
Building new UK homes on car parks.
An interesting news report this week from JLL Residential headlined ‘Car Parks Could Provide 400,000 New UK Homes’. The latest research paper from JLL ‘Driving Innovation’ highlights the potential to develop circa 400,000 homes on car parks in the UK’s town and city centres. The report mentions that in the vast majority of cases it…
Allen Walkey
Founders Unite behind CIELA – “Independent agents to own their future”:
Following on from our exclusive interview with Charlie Wright of CIELA last week – They have now had their Founder Members meeting – News Update: Attendees at today’s preliminary meeting of prospective Founder Members of the Charter for Independent Estate and Letting Agents, all active owner-managers of independent firms, have unanimously signed a Letter of…
Christopher Walkey
Team Belvoir raises money for charity
Late last year Belvoir announced a new charity initiative,Time to Give. It gave Belvoir as a group the opportunity to do something to raise as much money as they could for local and national charities. They announced yesterday on their website that they were delighted to be able to confirm that the outstanding effort put…
Allen Walkey
Average House prices in UK increase by 6.7% yr to Nov 2016
Statistical Bulletin released yesterday 17th January from the Office for National Statistics (ONS) UK House Price Index: Nov 2016 Average house prices in the UK increased by 6.7% in the year to November 2016 (up from 6.4% in the year to October 2016), the main contribution to the increase in UK house prices came from…
Allen Walkey
Lending to first-time buyers in November up on previous month
Press release today from the Council of Mortgage Lenders (CML) headlines ‘House purchase lending up 5% in November’ Home-owners borrowed £11bn for house purchase, up 5% month-on-month and 2% year-on-year. First-time buyers borrowed £4.7bn, up 4% on October and 9% on November last year. Paul Smee, director general of the CML, commented: “November lending reflected stable…
Allen Walkey
Strong finish to an uncertain year for house prices
LSL Property Services/Acadata released their House Price Index (HPI) DECEMBER 2016 for England and Wales yesterday 16th January headlined ‘England and Wales house prices finish on a high’ Growth of 0.4% pushed the average price of a house in England and Wales up £1,139 to finish the year at £297,678. Oliver Blake, Managing Director of…
Allen Walkey
Auction House increases lead at top of sales table for 2016
Award-winning brand Auction House has increased its lead in auction sales by selling a record 3336 lots in 2016 – over 1100 more (1146) than its nearest rival. Indeed, the gap between the two is even bigger than last year, when the group sold 1031 lots more than the auctioneer in second place. Auction House…
Christopher Walkey
Rightmove House Price Index – Window of opportunity:
Window of opportunity for first-time buyers in new year Steady start to 2017 with 0.4% (+£1,086) rise in the price of property coming to market, very similar to the 0.5% rise recorded in January 2016 Encouraging early signs of home-mover activity, with visits1 to Rightmove since Boxing Day up by 5% even when compared to…
Christopher Walkey
Barriers facing SME builders today are numerous and varied says HBF
Press release yesterday 15th January from the Home Builders Federation (HBF) headlined ‘Remove barriers and SME’s could deliver 25K more homes a year’. A new report published yesterday by the Home Builders Federation highlights the challenges faced by SME house builders looking to increase output and sets out a range of proposals to address the…
Allen Walkey
Modest full year revenue growth reports Countrywide PLC
Countrywide plc trading update released Friday 13th January for the year ended 31 December 2016 ahead of its results announcement on 9 March 2017. Commenting on the Group’s performance, Alison Platt, CEO said: “It is pleasing to report modest full year revenue growth against the backdrop of a challenging residential sales market. Our Retail and…
Allen Walkey