Breaking News
Southwark Council cracks down on Estate Agents leaving boards out too long.
Southwark Council has put out a warning to estate agents that by leaving advertising boards out too long that they now face fines of up to £100 a time. The council has made the decision to implement legal powers that allow it to issue fixed penalty notices (FPNs) for boards that advertise properties for sale…
Allen Walkey
UK Property Transaction Count – December 2016
UK Property Transaction Statistics released yesterday 24th January on the Gov.uk website. Monthly property transactions completed in the UK with value of £40,000 or above. UK Property Transaction Count – December 2016. The seasonally adjusted estimate of the number of residential property transactions increased by 0.2% between November 2016 and December 2016. This month’s seasonally…
Allen Walkey
Equity release market hits all-time high in 2016
A recent press release from Keyretirement.co.uk highlighted that retired homeowners withdrew more than £2.1 billion of property wealth last year 2016. New analysis from leading over-55s finance specialist Keyretirement.com reveals that the equity release market hits new all-time high in 2016 after fifth year of growth. Dean Mirfin, technical director at Key Retirement (www.keyretirement.com), said: …
Allen Walkey
ONS to take responsibility for the production and publication of the household projections in England
The Office for National Statistics (ONS) and the Department for Communities and Local Government (DCLG) have agreed that ONS will take responsibility with immediate effect for the production and publication of the household projections in England, previously produced by DCLG. The next set of these projections will be published in 2018 as previously planned. Read…
Allen Walkey
NAEA National Conference 2017
The NAEA National Conference 2017 will be held on the 9th February at 155 Bishopgate, Liverpool Street, London, EC2M 3YD. On their website they state: The NAEA National Conference promises to be a must attend event if you work within estate agent industry in the UK. This essential date for your diary will give you an insight into key industry…
Allen Walkey
Belvoir announces solid performance in the final months of the financial year just ended.
Belvoir Lettings PLC the UK’s largest property franchise, today released their trading update to the close of the financial year ended 31 December 2016, recent developments in the business, and the outlook for 2017. They stated: The Group achieved a solid performance in the final months of the financial year just ended, reflecting the continued…
Allen Walkey
Consultation on the ban on fees will begin March/April
Press release from Association of Residential Letting Agents (ARLA) last week, 19th January, they commented on the debate in the House of Lords where it was announced the consultation on the ban on fees will begin in March/April. David Cox, Managing Director at Association of Residential Letting Agents (ARLA) says: “After almost two months of…
Allen Walkey
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