Breaking News
Right to Rent scheme is failing on all fronts according to report from JCWI
A new report by the Joint Council for the Welfare of Immigrants (JCWI) reveals that foreigners and British citizens without passports, particularly those from ethnic minorities, are being discriminated against in the private rental housing market as a result of the Right to Rent scheme designed to crack down on irregular immigration. The report compiled…
Allen Walkey
Recruitment consultancy struggles to recruit recruitment consultant
The UK’s longest-established estate agent recruitment consultancy is itself struggling to find a recruitment consultant to join the team. For the past three months, Property Personnel based in Staines-upon-Thames has been advertising the role, but so far no suitable individual has been found. Property Personnel Managing Director Anthony Hesse explained: “We’ve certainly had no shortage…
EAN Content
Auction House claims new UK record with 703 listings in February
Award-winning property auctioneer Auction House is declaring a new UK auction record, after entering 703 lots into its February auctions. The number instructed beats the figure listed in December 2016, which was the company’s previous highest ever total. Commenting on the achievement, Founding Director Roger Lake said “Never before has an auctioneer entered over 700…
EAN Content
Average rents ended 2016 higher than they started it says Your Move
The latest Your Move England and Wales January 2017 Buy to Let Index report found that despite a turbulent year average rents ended 2016 higher than they started it. The average property was let for £811 a month in December, compared to the average rent in January 2016 which stood at £790. Across England and…
Allen Walkey
ZPG announces it has signed a long term marketing and software agreement.
ZPG Plc, owner of leading property marketing and software platforms, announced last week it has signed a long term marketing and software agreement with The Property Franchise Group for the benefit of all its franchisees. The new deal is expected to see the return of a large number of The Property Franchise Group brands in…
Allen Walkey
A decline in number of properties taken into possession last year
News release from The Council of Mortgage Lenders (CML) yesterday 9th February headlined ‘Mortgage possessions down again in fourth quarter of 2016’ According to new data from the CML the number of properties taken into possession last year declined by almost 25%, over the course of 2016, the number of mortgages in arrears also fell by 7%….
Allen Walkey
Shortage of supply in both the lettings and sales segments says RICS
The Royal Institution of Chartered Surveyors (RICS) today released their UK Residential Market Survey for January 2017 headlined ‘Market needs “turbo boost” as supply shortage continues’. The RICS revealed that demand for rental properties continued to increase at the national level in the three months to January and projected rents would witness a cumulative increase…
Allen Walkey
Aston Mead says White Paper “will get Britain building again”
Leading land agents Aston Mead have responded positively to this week’s government’s White Paper on housing – the biggest shake-up of housing policy in two generations. In particular, the company approves of the requirement for councils to set aside land for thousands of homes, under new Government targets to allow large scale construction to take…
Christopher Walkey
CML welcomes publication of Housing White Paper
In a press release yesterday 7th February The Council of Mortgage Lenders (CML) welcomed the publication of the housing white paper, they mention looking forward to working with the government on measures seeking to increase the availability, affordability and choice of homes across different tenures. The CML mentions that in the owner-occupied sector, they stand ready to help the…
Allen Walkey
Housing white paper sets out government plans
Released yesterday 7th February from Department for Communities and Local Government ‘A housing white paper setting out the government’s plans to reform the housing market and boost the supply of new homes in England’. The white paper sets out government’s plans to boost the supply of new homes in England. It includes measures to ensure…
Allen Walkey
Annual House price growth eases
The Halifax House Price Index (HPI) January 2017 report released today headlined ‘Annual house price growth eases to 5.7%’ They state: House prices in the last three months (November 2016-January 2017) were 2.4% higher than in the previous three months (August-October 2016) .Prices in the three months to January were 5.7% higher than in the…
Allen Walkey
RLA calling for government to ensure incentives are provided to all of the private rental sector
In their latest news release published today by the Residential Landlords Association (RLA) they claim that efforts to reform and boost the supply of homes for private rent in the Housing White Paper will achieve little without backing those individuals making up the majority of the country’s landlords. The RLA are calling for government to…
Allen Walkey
Mortgage affordability comes out best in Scotland for Q4 2016 says Bank of Scotland
In the latest Bank of Scotland Affordability Review which tracks mortgage affordability for homeowners across Scotland, they state that the proportion of disposable earnings devoted to mortgage payments, for both first time buyers and homemovers in the UK in quarter four (Q4) of 2016 was lowest in Scotland, mortgage payments were 19.8% of disposable earnings,…
Allen Walkey
NAEA and ARLA working together with Rightmove
Both the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (ARLA) announced on their respective websites last week that they are working together with Rightmove to offer more help and support to agents by sharing the latest market insight and keeping them up-to-date with new legislation for both sales and…
Allen Walkey
Housing white paper to be published tomorrow
The Housing White paper is to be published tomorrow and expectations are that the Government will focus on so called ‘Generation Rent’, those who are unable to get on the housing ladder due to such high property prices. The Government will be promising to look at new ways of encouraging the building of more affordable…
Allen Walkey