Breaking News
Lonsdale Inurance Brokers launch new online quote & buy system
Lonsdale Insurance Brokers Ltd have developed a new professional indemnity insurance online quote & buy system for property professionals. The coverage includes optional Public and Employers Liability, Office Insurance, Directors & Officers Liability and Cyber Liability. The ‘quote and buy’ facility enables property professionals to obtain an instant quote for a selection of PI limits….
EAN Content
Rents to rise 4% outside of London in 2017 forecast by Rightmove
The Rightmove Rental Price Tracker report released this week for Q4 2016 ( October – December 2016 ). Their forecast for 2017 is that rents to rise 4% outside London. All regions except London recorded a rise in asking rents in 2016, with prices up annually by 3.0%, London recorded an annual price fall of…
Allen Walkey
Barratt Developments PLC well on track for the full year
Barratt Developments PLC yesterday 12th January issued a trading update in respect of the six months ended 31 December 2016 ahead of publication of its interim results on 22 February 2017. They stated in the highlights that overall market conditions are healthy with strong demand in the period for new homes. David Thomas, Chief Executive…
Allen Walkey
Overall house price growth continues to fall says Home.co.uk
Home.co.uk today released their Asking Price Index headlined ‘Home Prices Flatline as Supply Increases’. They report that overall house price growth continues to fall as we commence 2017, however not all regions registered average home price declines this month, worst monthly falls were in the East of England (-0.6%) and Scotland (-1.1%). The London market…
Allen Walkey
December a record month for appraisal leads says ZPG
Zoopla Property Group (ZPG) announced earlier this week that they delivered a record number of unique appraisal leads to their agent members in December 2016, at the same time they announced that total appraisal leads generated for their members during 2016 were also up by an impressive 31% on 2015. Mark Goddard, Managing Director of…
Allen Walkey
Taylor Wimpey reports good progress in 2016
Taylor Wimpey one of the largest British based housebuilding companies released yesterday 11th January it’s trading statement ahead of its full year results for the year ended 31 December 2016, which will be announced on 28 February 2017. Pete Redfern, Chief Executive, commented: “We are pleased to report good progress in 2016, with an increase in…
Allen Walkey
Homelet – Rents in UK rose on average 1.7% in December
Data from the latest Homelet Rental Index revealed that rents in the UK rose on average 1.7% in December. The second half of 2016 saw a considerably slower rate of rental growth compared to the same period in 2015. Average rental values have increased in eleven out of twelve regions in the UK compared to…
Allen Walkey
Foxtons expect trading conditions to remain challenging in 2017
Foxtons plc London’s leading estate agency today issued its trading update for the year ended 31 December 2016 ahead of its audited results announcement on 8 March 2017. The reduction in Group revenue for the year reflects the significant fall in sales volumes immediately following the first quarter of 2016. Nic Budden, CEO, commented: “Despite…
Allen Walkey
RLA is asking the Welsh Assembly members to amend tax plans
The RLA is asking the Welsh Assembly members to amend tax plans that could make it harder for vulnerable people to rent a home, RLA Cymru is warning that any threat to the supply of homes to rent will make it more difficult for families and the homeless to access rented housing, at a time…
Allen Walkey
Enness partners with specialist to assist clients in releasing profits from SPVs
Challenges to extracting profits from Property Special Purpose Vehicles (SPV) A Special Purpose Vehicle (SPV) is a company set up to capture value from property transactions and developments. Property developers and investors typically use SPVs to contain and manage risks associated with their developments, each of which will have different investor profiles. A typical route…
Enness Private
Building material price increases due to depreciation of sterling.
Research out on Monday this week from the Federation of Master Builders (FMB) State of Trade Survey showed 70% of smaller building firms reported building material price increases. The FMB stated the rising prices have come about due to the depreciation of sterling as around a quarter of materials used by the UK construction industry…
Allen Walkey
ARLA responds to Scottish Government’s proposals
In a news report published yesterday 9th January on their website The Association of Residential Landlords (ARLA) responds to Scottish Government’s proposals on new private residential tenancy. ARLA has responded to the Scottish Government’s consultation on the proposals for regulations and policy supporting the Private Housing (Tenancies) (Scotland) Act 2016, arguing that the forms and…
Allen Walkey
TPO creates new Deputy Ombudsman role and complaint teams
The Property Ombudsman (TPO) has created a Deputy Ombudsman role and reorganised the way it reviews complaints to ensure agents and consumers receive an improved service and faster outcomes through new dedicated teams and technology. TPO, which helps more than 16,000 consumers every year, has appointed Jane Erskine to the role of Deputy Ombudsman. Having…
EAN Content
House prices finished 2016 strongly says Halifax
Halifax today released their House Price Index (HPI) report for December 2016 headlined ‘Annual house price growth rises to 6.5%’ They state: House prices in the three months to December 2016 were 2.5% higher than in the three months to September 2016. Martin Ellis, Halifax housing economist, said: “House prices finished 2016 strongly. Prices in…
Allen Walkey
CML welcomes announcement on funding for affordable housing
The Council of Mortgage Lenders (CML) last week welcomed the announcement by the Communities Secretary Sajid Javid on funding for affordable housing, and the government’s commitment to widen the tenure choices for people who cannot afford to buy a home outright. Commenting on today’s announcement, CML director general Paul Smee said: “Today’s announcement can deliver the tenure flexibility that…
Allen Walkey