Breaking News
Average House prices in UK increase by 6.7% yr to Nov 2016
Statistical Bulletin released yesterday 17th January from the Office for National Statistics (ONS) UK House Price Index: Nov 2016 Average house prices in the UK increased by 6.7% in the year to November 2016 (up from 6.4% in the year to October 2016), the main contribution to the increase in UK house prices came from…
Allen Walkey
Lending to first-time buyers in November up on previous month
Press release today from the Council of Mortgage Lenders (CML) headlines ‘House purchase lending up 5% in November’ Home-owners borrowed £11bn for house purchase, up 5% month-on-month and 2% year-on-year. First-time buyers borrowed £4.7bn, up 4% on October and 9% on November last year. Paul Smee, director general of the CML, commented: “November lending reflected stable…
Allen Walkey
Strong finish to an uncertain year for house prices
LSL Property Services/Acadata released their House Price Index (HPI) DECEMBER 2016 for England and Wales yesterday 16th January headlined ‘England and Wales house prices finish on a high’ Growth of 0.4% pushed the average price of a house in England and Wales up £1,139 to finish the year at £297,678. Oliver Blake, Managing Director of…
Allen Walkey
Auction House increases lead at top of sales table for 2016
Award-winning brand Auction House has increased its lead in auction sales by selling a record 3336 lots in 2016 – over 1100 more (1146) than its nearest rival. Indeed, the gap between the two is even bigger than last year, when the group sold 1031 lots more than the auctioneer in second place. Auction House…
Christopher Walkey
Rightmove House Price Index – Window of opportunity:
Window of opportunity for first-time buyers in new year Steady start to 2017 with 0.4% (+£1,086) rise in the price of property coming to market, very similar to the 0.5% rise recorded in January 2016 Encouraging early signs of home-mover activity, with visits1 to Rightmove since Boxing Day up by 5% even when compared to…
Christopher Walkey
Barriers facing SME builders today are numerous and varied says HBF
Press release yesterday 15th January from the Home Builders Federation (HBF) headlined ‘Remove barriers and SME’s could deliver 25K more homes a year’. A new report published yesterday by the Home Builders Federation highlights the challenges faced by SME house builders looking to increase output and sets out a range of proposals to address the…
Allen Walkey
Modest full year revenue growth reports Countrywide PLC
Countrywide plc trading update released Friday 13th January for the year ended 31 December 2016 ahead of its results announcement on 9 March 2017. Commenting on the Group’s performance, Alison Platt, CEO said: “It is pleasing to report modest full year revenue growth against the backdrop of a challenging residential sales market. Our Retail and…
Allen Walkey
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