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annual rate of House price growth little changed in February says Nationwide
Nationwide House Price Index (HPI) report February 2017 released today headlines ‘UK house prices continued to rise steadily in February’. Annual house price growth edges up to 4.5%, slightly higher than January at 4.3%. A month-on-month rise in February of 0.6%. More households in England own outright than with a mortgage. Commenting on the figures,…
Allen Walkey
Government ought to seize this opportunity to work with industry says NFB
The National Federation of Builders (NFB) and the House Builders Association (HBA) believe that the Government’s housing policies have contributed to inflating demand for housing without boosting supply, in a recent news release on 27th February from the NFB they think that the Government should listen to industry more on the Housing White Paper. Figures…
Allen Walkey
City living is becoming increasingly expensive says Lloyds Bank
Lloyds Bank press release yesterday 27th February Affordable Cities Review headlined ‘Home affordability in cities at its worst since 2008’. Home affordability measured by the ratio between average city house prices and average gross local earnings across UK cities is at its worst level since 2008, according to Lloyds Bank’s Affordable Cities Review. In the…
Allen Walkey
Persimmon continued to perform strongly in 2016
Persimmon plc announced yesterday their Final Results for the year ended 31 December 2016. A rise in underlying profit of nearly a quarter and growing sales for 2016 were the highlights to the announcement, their focus on disciplined high quality growth delivers excellent full year performance. Nicholas Wrigley, Group Chairman, said: “Persimmon continued to perform…
Allen Walkey
Good start to the year as rents increase in most regions, says Your Move
The Your Move Buy-to-Let Index February 2017 report released last week headlined ‘Rental market has strong start to 2017’. Landlords enjoyed a good start to the year as rents grew in all regions except one in the year to January 2017 according to the Your Move England & Wales Buy to Let Index. Valerie Bannister,…
Allen Walkey
Gross mortgage borrowing totalled £13.8 billion in January according to BBA
The latest High Street Banking Figures statistical report January 2017 released by the BBA 24th February reveales that gross mortgage borrowing totalled £13.8 billion in January, 6.3% higher than the same period last year, net mortgage borrowing was 2.4% last month, higher than in January 2016. House purchase approval numbers were 2.5% lower than in…
Allen Walkey
LANDLORDS LOOK TO COMMERCIAL LOANS TO SIDESTEP BUY-TO-LET TAX CHANGES
The proportion of landlords intending to take out commercial loans to fund their property purchases has doubled over the last 18 months as they look for ways to avoid the impact of forthcoming changes to landlord taxation. The research* from the National Landlords Association (NLA) shows that the proportion of landlords who said they planned to…
EAN Content
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
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