Breaking News
Gross lending for November 3% up on previous month
The Council of Mortgage Lenders (CML) yesterday published new housing market forecasts. Market commentary: 2017 and 2018 forecasts Reported gross lending of £21 billion in November, that is up by an estimated 3% on October, and 3% up on a year ago. Commenting on market conditions and prospects, CML director general Paul Smee said: “Overall, the…
Allen Walkey
Hunters reports that strong performance continues
Hunters Property PLC, one of the UK’s largest National sales and lettings agency and franchise businesses, yesterday published their latest trading update. The trading update began: The strong performance that we reported at the time of our interim results in September has continued in the second half of the year, despite the well-publicised uncertainty in…
Allen Walkey
Drop in loans to home buyers in October
Council of Mortgage Lenders (CML) press release published yesterday 14th December headlined ‘8% fall in loans to home-buyers in October’ The news release leads: Home-owners borrowed £10.5bn for house purchase, down 8% month-on-month and 11% year-on-year. They took out 57,800 loans, down 8% on September and 13% on October 2015. more… Paul Smee, director general of…
Allen Walkey
Interest rates remain at 0.25%
BREAKING NEWS: The Bank of England keeps interest rates on hold at a record low of 0.25%.
Allen Walkey
UK House prices increased 6.9% in yr to October 2016
Statistical Bulletin from the Office for National Statistics (ONS) released yesterday 13th December 2016……House Price Index October 2016. The UK HPI is a joint production by Land Registry, Land and Property Services Northern Ireland, Office for National Statistics and Registers of Scotland. Average house prices in the UK have increased by 6.9% in the year…
Allen Walkey
Greater London remains the UK’s worst performing region
Home.co.uk yesterday released their Asking Price Index headlined ‘London Prices Fall as Supply Leaps in the East and South’ Doug Shephard Director at Home.co.uk said: “Whilst we should expect seasonal price declines at this time of year, it is clear that the UK property market is no longer in great shape. “Brexit is not really…
Allen Walkey
Homelet Rental Index November
The most recently released HomeLet Rental Index (November) states that 2016 to date has seen a slower rate of rental growth, compared to the same period last year. The average UK rental value was £898pcm , this is 3.1% higher than the same period last year (£872pcm). Average rental values have increased in all regions…
Allen Walkey
A First-Time Buyer’s Guide to Buying a New Build
As a first-time buyer, you may feel daunted by the prospect of buying a new home. It’s the most expensive purchase you’re likely to make in your adult life and probably the most complex one too. This article will help you make sense of how to find and buy your new home. Help to Buy…
Christopher Walkey
How to Sell Your House Online and the Benefits It Brings
The internet has become a popular place for homeowners to list their properties. Not only is it really convenient and often cheaper, but it’s also where the majority of potential buyers tend to hang out. The popularity of online listings has even led to the development of online estate agents. No longer do you need…
Christopher Walkey
Purplebricks announces interim results.
Purplebricks PLC today announces its interim results for the six months ended 31 October 2016 headlined ‘UK achieves maiden EBITDA profit, plans to accelerate market share growth‘. Commenting on the results, Michael Bruce, CEO stated: “Our strong results are testament to the seismic shift that is underway in the estate agency market. We continue to…
EAN Content
Zoopla property group announce aquisition and exclusive partnership
Zoopla Property Group announced on the same day as their results last week that they had acquired leading estate agent website design and hosting business Technicweb and had invested and signed an exclusive partnership with connected home insurance provider, Neos. Alex Chesterman, Founder & CEO of ZPG said, “We are delighted to announce that we…
EAN Content
Telford Homes announced interim results this week
Telford Homes Plc, the residential property developer focused on non-prime London, announced this weekÿ its interim results for the six months ended 30 September 2016. Jon Di-Stefano, Chief Executive of Telford Homes, commented:ÿ “Telford Homes is in a very strong position with over 700 million of forward sales secured and a substantial development pipeline.ÿ The…
EAN Content
NAEA announce the speakers at their 2017 annual national conference
The National Association of Estate Agents (NAEA) this week announced the speakers at their 2017 Annual National Conference. The event, on 9th February at 155 Bishopsgate in London is the largest annual conference of its kind and a key calendar event for those working within the estate agent industry in the UK. The line-up features…
EAN Content
Rents projected to rise significantly says ARLA
ARLA in their press release yesterday warned that rents are projected to rise significantly with the introduction of Letting Agent fees and Tax changes that will come into effect soon, they state in their October Private Rental Sector (PRS) report that supply of rental properties and demand from tenants dropped in October. David Cox, Managing…
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House price growth eases slightly in November
Nationwide today released their House Price Index (HPI) for November headlined ‘Annual price growth slowed further in November.’ Annual house price growth slowed slightly to 4.4%, from 4.6% in October. House prices increased by 0.1% month on month in November. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: _UK house prices increased by…
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