Breaking News
Welsh government introduces bill to abolish right to buy
The Welsh Government’s proposal to end the right of social housing tenants to buy their own homes started its journey through the National Assembly for Wales on Monday 13th March, the rights to buy will be abolished across the housing sector, including housing associations and council homes. The Welsh Government aims to protect the Welsh…
Allen Walkey
First annual decrease for rents in UK since 2010 according to Countrywide
Rents in the UK have recorded their first annual decrease since 2010, according to Countrywide plc Monthly Lettings Index report for February 2017. Tenant demand has been dropping the fastest in London, possibly caused by the Brexit decision. This drop in demand has seen rents in the capital drop 4.3% over the year to an…
Allen Walkey
Houses prices grow at fastest pace for a year in February according to Your Move
The Your Move latest England & Wales House Price Index for February 2017 released today headlines ‘Highest house price growth for a year with Birmingham and Merseyside experiencing new peak’. The report states: Prices grew at their fastest pace for 12 months in February, at 0.6% monthly, but annual house price inflation fell for 12th…
Allen Walkey
Qube Global Software new Media Partner for #ProptechDen 2017
The team over at Qube Global Software are kindly supporting our first ever #ProptechDen at Google Campus in London, April 19th. To secure your free tickets to watch a selection of startup / early stage proptech companies then simply visit the Eventbrite page here: https://www.eventbrite.co.uk/e/proptech-den-2017-tickets-31964167686 We already have a packed line up of those pitching on…
EAN Content
Revenue growth maintained in both the Estate Agency and Surveying Divisions for LSL.
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, earlier this week announced preliminary results for the year ended 31st December 2016. The group saw operating profit growth of 58% at £65.4m compared with £41.4m for 2015. In the announcement they stated: Continued momentum in the…
Allen Walkey
NLA BUDGET RESPONSE: NO NEWS STILL BAD NEWS FOR LANDLORDS
Responding to the Chancellor’s Budget announcement today Richard Lambert, Chief Executive Officer, National Landlords Association (NLA), said: “The Chancellor has passed up his last opportunity to reverse the damaging plans to restrict mortgage interest relief for landlords before they hit, or even to act on suggestions as to how he might ease the immediate impact. …
EAN Content
Vunerable tenants being pushed out of private rental market according to RICS
The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey February 2017 released today headlines ‘Rising rents and benefits cuts pushing vulnerable tenants out of private housing market’. According to their survey they state that around one-third of respondents say homeless people and those on housing benefits are being pushed out of private rental…
Allen Walkey
Substantial reduction in property sales transactions, especially in Central London reports Foxtons
Foxtons Group plc, London’s leading estate agent, today announces its financial results for the year ended 31 December 2016. Sales revenue down 23%, Lettings revenue down 1%, Mortgage revenue up 7%. Seven branches opened in 2016 and a further two in February 2017 taking network to 67 Commenting on the results, Nic Budden, CEO, said:…
Allen Walkey
Scottish rental market makes a positive start to 2017
Recently released Your Move Scotland Rental Index (Buy to Let), February 2017 headlines ‘Scotland rental market starts 2017 on a high’ Key findings in the report show that average rental prices in Scotland now £571 a month, up 4% annually on £548 recorded a year ago., that Edinburgh and Lothians see strongest annual growth at…
Allen Walkey
Annual rate of house price growth falls to 5.1% in February says Halifax
Halifax House Price Index (HPI) report February 2017 released today headlined ‘Annual house price growth declines to 5.1%’. They state: House prices in the three months to February 2017 were 1.7% higher than in the three months to November 2016. House prices in the three months to February were 5.1% higher than in the same…
Allen Walkey
Apprentices are good for your business says FMB
The Federation of Master Builders (FMB) recently published a research article in which they stated that consumers prefer to hire firms that train apprentices, the new FMB research shows that 50% of households are more likely to hire builders who employ apprentices. Brian Berry, Chief Executive of the Federation of Master Builders (FMB), said: “This…
Allen Walkey
Under 22’s will no longer automatically qualify for housing benefit.
Housing benefit will shortly no longer be available for 18-21 year-olds after ministers have decided to go ahead with controversial plans to force young unemployed people to live with their parents or pay their own rent. New Universal Credit regulations state that jobless under-22s will no longer qualify for help with their rental costs, the…
Allen Walkey
Owner occupation rates remain unchanged for the third year in a row.
The latest English Housing Survey (EHS) a national survey of people’s housing circumstances and the condition and energy efficiency of housing in England recently published from the Department for Communities and Local Government has found that the number of households living in their own home is broadly unchanged on the year before, however this is…
Allen Walkey
Home affordability in Scottish cities is on average, now at its worst level since 2009.
Recent press release from the Bank of Scotland headlined ‘Home affordability deteriorates for fourth year in Scotland’s cities’ According to the latest Bank of Scotland Affordable Cities review, home affordability in Scottish cities is, on average, now at its worst level since 2009 and is slightly worse than in Scotland as whole. Graham Blair, Mortgage…
Allen Walkey
Paul Shamplina, to star in 3rd series of Nightmare Tenants, Slum Landlords
Paul Shamplina, Founder of Landlord Action and Brand Ambassador of Hamilton Fraser, is set to feature in his third series of “Nightmare Tenants, Slum Landlords”, a twelve-part series starting this Sunday (5th March) on Channel 5. The programme once again delves into the dark side of the buy-to-let market showing the complexities landlords and tenants…
EAN Content