Breaking News
Summer sellers need to work harder as prices stand still
New seller asking prices hit usual summer slowdown this month resulting in virtual price standstill (-0.1% or -£248) Number of properties coming to market jumps up by 8.6% compared to same month last year, but no corresponding increase in buyer numbers to soak up new seller influx (sales agreed holding steady at -0.2% compared to…
Rightmove
Modest house price growth in London for first time since January according to LSL.
Latest LSL Property Services/Acadata England & Wales House Price Index – June 2018 released July 2018 headlines ‘Average house price in England & Wales in June stood at £303,960’. The report reveals that average prices in England and Wales were slightly down in June, falling by 0.2% from May, although this is a smaller decline…
Allen Walkey
UK housing sales remain subdued according to RICS
Latest RICS UK Residential Market Survey published 12th July 2018 headlined ‘UK housing sales remain subdued as rent expectations continue to heat up’. The RICS survey reveals that: significantly, over the month, newly agreed sales have recorded the sixteenth successive month of continued decline, with 7% more respondents reporting a fall in agreed sales. The…
Allen Walkey
Numbers of rented homes owned by companies continues to rise according to Hamptons International
The latest Hamptons International Monthly Lettings Index – June 2018 published July 2018 headlines ‘Proportion of rental homes let by company landlords reaches new high’. The report reveals that the proportion of homes let by a company landlord rather than an individual rose to 18% in H1 2018, the highest proportion since our records began…
Allen Walkey
UK house price growth to remain moderate according to PWC
House price growth to remain moderate across UK according to recent press release from PWC, however house prices in London are projected to fall in the short-term, down by 2% in 2018 from 2017. In their report the PwC state that average UK house price estimated to rise from £221,000 in 2017 to around £285,000…
Allen Walkey
RLA highlights that vast majority of private sector landlords do a good job
The Residential Landlords Association (RLA) comments on the English Housing Survey report for 2016/17 published 12th July 2018. A large majority of private sector tenants, 84 per cent, are satisfied with their housing according to the English Housing Survey report for 2016/17. Satisfaction rates are higher in the private rented than the social rented sector…
Allen Walkey
Pre-Summer boost for mortgage market according to UK Finance
Latest UK Finance Mortgage Trends Update for May 2018 headlines ‘Mortgage Market Sees Pre-Summer As Remortgaging Continues Strong Upward Trend’. The latest UK Finance Mortgage Trends Update reveals there were 32,200 new first-time buyer mortgages completed in the month, 31,100 new homemover mortgages completed in the month, 36,000 new homeowner remortgages completed in the month, …
Allen Walkey
Properties having prices reduced whilst on the market at highest level for 6 years according to Home.co.uk
Latest Home.co.uk Asking Price Index report- July 2018 headlines ‘Price Cutting Nears 6-Year High’. The report reveals that home prices are basically static overall, rising a mere 0.1% this month. The total number of properties having their price reduced whilst on the market at highest level since Oct 2012. According to Home.co.uk the number of…
Allen Walkey
UK house prices remain stable with no significant discounting according to TwentyCi
The latest TwentyCi Property & Homemover Report: Q2 2018, the fifth edition in a quarterly series of reports featuring data and analysis for the whole of the UK property market. The report reveals that confidence is still building, with new instructions up nearly 7% year on year, house prices remain stable with no significant discounting….
Allen Walkey
HM Land Registry today launches its new digital Local Land Charges Register
HM Land Registry today launches its new digital Local Land Charges Register with Warwick District Council’s data the first to be available. HM Land Registry takes another step forward in the Government’s ambition to make the home-buying process simpler, faster and cheaper. Chief Executive and Chief Land Registrar Graham Farrant said: “Buying a house is…
Allen Walkey
How is Brexit effecting UK House prices?
It seems that nearly every day there is a new headline towards the grand topic of Brexit, be it calls for or and against, how and when we are leaving or simply the Prime Minister’s cabinet falling apart. What effect does this have generally on property prices across the UK? Is a soft Brexit best…
Christopher Walkey
Average UK rents rose by 1.8% compared to same month a year previous according to Homelet
The latest Homelet Rental Index Report – June 2018 reveals that average rents across the UK rose by 1.8% in June 2018 when compared to the same month a year previously. The average UK monthly rent now stands at £924 for June 2018, when London is excluded, the average UK rental value was £767 in…
Allen Walkey
Housing and planning policy needs leadership consistency
Theresa May has appointed Kit Malthouse, MP for North West Hampshire, as minister of state for housing and planning. Malthouse is the fifth housing minister in three years and succeeds Dominic Raab, who served as housing minister for less than six months and has been appointed as secretary of state for exiting the EU. The…
EAN Content
Properties available to buy increased in May according to NAEA Propertymark
The latest NAEA Propertymark Housing Report – May 2018 headlines ‘Housing Market Prepares For Summer Slow-down.’ The report reveals that the number of properties available to buy increased by 12 per cent in May, as sellers anticipated a summer slow-down and raced to get offers secured. Mark Hayward, Chief Executive said: “We see this every…
Allen Walkey
NFB welcomes plans to ensure stability for businesses after Brexit
The Government has published its negotiating position on the future relationship between the UK and the EU after Brexit, following a cabinet summit held on 6 July at the prime minister’s country residence in Chequers. The Government will put forward proposals to maintain a free trade area and a common rule book for goods, establish…
EAN Content