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The central London rental market is beginning to show signs of topping out says the NLA
Recent news article from the National Landlords Association (NLA) posted 19th February headlined ‘Landlords follow tenants out of capital as rental demand nosedives’. The article leads: 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…
Allen Walkey
A difficult year for Bovis Homes Group following a period of ambitious growth.
BOVIS HOMES GROUP PLC released yesterday 20th February their Final Results for the year ended 31st December 2016. In the overview they state: A difficult year for the Group following a period of ambitious growth. Commenting, Ian Tyler, Chairmanof Bovis Homes Group PLC said, “Despite the difficulties of 2016, the Board remains confident in the…
Allen Walkey
Sunstantial growth in London house prices over last 20 years says Lloyds Bank
Recent press release from Loyds Bank published 17th February headlined ‘London House Prices: Hackney leads the way with the highest rise in the capital’. According to new research by Lloyds Bank, the North East London Borough of Hackney has seen the steepest growth in house prices in the capital over the past 20 years and…
Allen Walkey
Lowest annual increase since 2013 gives warning to over-pricing sellers
Annual rate of increase lowest since April 2013 at +2.3%, though overall demand remains strong: Rightmove traffic at record January levels, with visits up 3% on January 2016’s buy-to-let boosted period Investor sectors understandably quieter than this time last year on number of properties coming to market and number of properties sold Slower rate of…
Rightmove
Shelter calls for 5 year rental contracts
Shelter is campaigning to give renters a fairer deal and greater security by introducing longer rental contracts, they are calling on the housing minister Gavin Barwell to make five-year rental contracts available to renters. If necessary renters could leave such contracts early, but at least they’d have the option of staying in their home for…
Allen Walkey
Mortgage market has been resilient and adaptable in 2016 says CML
News release from the Council of Mortgage Lenders (CML) this week headlined ‘Mixed picture in December but first-time buyer lending healthy says CML” New data from the CML released this week reveals house purchase activity increased month-on-month and year-on-year but remortgage and buy-to-let levels decreased. Paul Smee, director general of the CML, commented: “2016 could…
Allen Walkey
Private rental prices rise by 2.2% in year to Jan: 2017 according to ONS
The most recent Statistical Bulleten from the Office for National Statistics (ONS): Index of private housing rental prices (IPHRP) in Great Britain: January 2017. Main points included in the Statistical Bulleten as below. Private rental prices paid by tenants in Great Britain rose by 2.2% in the 12 months to January 2017; this is down…
Allen Walkey
A record number of Landlords buy in cash last month.
Countrywide yesterday 14th February released their Monthly Lettings Index – January 2017 headlined ‘Cash landlords hit a record high’. In the highlights they reported that January 2017 saw a record 61% of landlords buy in cash, up from 59% last year and 41% in 2007. In the North West of England landlords are most likely…
Allen Walkey
Stunning price appreciation in East of England according to Home.co.uk
Home.co.uk released their Asking Price Index yesterday 14th February headlined ‘Home Prices and Supply Surge in the East’. In their summary they mention: Whilst the London market continues to suffer the consequences of oversupply and overly high prices, it is the East of England that leads the regional league table with stunning price appreciation. They…
Allen Walkey
Average house prices in the UK have increased by 7.2% in the year to December 2016
Reports for the UK House Price Index (HPI) for England, Scotland, Wales and Northern Ireland December 2016 published 14th February 2017 on the Gov.uk website. Average house prices in the UK have increased by 7.2% in the year to December 2016 (up from 6.1% in the year to November 2016), continuing the strong growth seen since…
Allen Walkey
Right to Rent scheme is failing on all fronts according to report from JCWI
A new report by the Joint Council for the Welfare of Immigrants (JCWI) reveals that foreigners and British citizens without passports, particularly those from ethnic minorities, are being discriminated against in the private rental housing market as a result of the Right to Rent scheme designed to crack down on irregular immigration. The report compiled…
Allen Walkey
Recruitment consultancy struggles to recruit recruitment consultant
The UK’s longest-established estate agent recruitment consultancy is itself struggling to find a recruitment consultant to join the team. For the past three months, Property Personnel based in Staines-upon-Thames has been advertising the role, but so far no suitable individual has been found. Property Personnel Managing Director Anthony Hesse explained: “We’ve certainly had no shortage…
EAN Content
Auction House claims new UK record with 703 listings in February
Award-winning property auctioneer Auction House is declaring a new UK auction record, after entering 703 lots into its February auctions. The number instructed beats the figure listed in December 2016, which was the company’s previous highest ever total. Commenting on the achievement, Founding Director Roger Lake said “Never before has an auctioneer entered over 700…
EAN Content
Average rents ended 2016 higher than they started it says Your Move
The latest Your Move England and Wales January 2017 Buy to Let Index report found that despite a turbulent year average rents ended 2016 higher than they started it. The average property was let for £811 a month in December, compared to the average rent in January 2016 which stood at £790. Across England and…
Allen Walkey
ZPG announces it has signed a long term marketing and software agreement.
ZPG Plc, owner of leading property marketing and software platforms, announced last week it has signed a long term marketing and software agreement with The Property Franchise Group for the benefit of all its franchisees. The new deal is expected to see the return of a large number of The Property Franchise Group brands in…
Allen Walkey