Breaking News
Awareness for Zoopla Increases
New research released last Friday, conducted by Harris Interactive on behalf of ZPG, reveals Zoopla’s total brand awareness is at an all time high and the gap over Rightmove has widened. Gareth Helm, Group Chief Marketing Officer for ZPG said, “I am pleased to see that since May we have again increased awareness for Zoopla…
Allen Walkey
UK property market reverse ripple effect
According to Haart estate agents the London property market is predicted to be the last place in the UK to recover from the Brexit vote, the revival ouside the capital will “ripple” inwards rather than outwards. Paul Smith, chief executive of haart, reportedly said: “What is clear is that since June, Britain’s property market has…
Allen Walkey
Agents returning to Zoopla
A recent news release from Zoopla Property Group says ZPG sees record levels of agents returning with over 40 branches returning from OTM in first half of October alone. Mark Goddard, Managing Director, ZPG Property Services, “Agents now firmly grasp the ZPG value proposition and cannot afford to be at a competitive disadvantage, using services…
Allen Walkey
Recruitment guru calls for “reality check” over salary expectations
The Managing Director of the UK’s longest-established estate agent recruitment consultancy is advising candidates to take a reality check over their salary expectations in the current climate. Anthony Hesse from Property Personnel says that compared to last year, the number of vacancies in residential sales has dropped by over a third (35%) and significantly within…
Christopher Walkey
Government support to help reduce homelessness
Announcement on the Gov.UK website from Department for Communities and local government, The Rt Hon Sajid Javid MP and Marcus Jones MP headlines ‘Government to support new legislation to reduce homelessness’ The Homelessness Reduction Bill will significantly reform England’s homelessness legislation, ensuring that more people get the help they need to prevent them from becoming…
Allen Walkey
91 days to sell a property
Recent report from the Centre for Economics and Business Research (Cebr) and Post Office Money Mortgages reveals that the average UK property takes 91 days to sell. The report, which examines the average time a property takes to sell in 20 major cities across the UK, found that sellers in Bristol and Edinburgh had the…
Allen Walkey
Signs of Underlying weakness in housing market
The BBA today released the September 2016 figures for the high street banks. Gross mortgage borrowing of £12bn in the month was 2% lower than in September 2015, net mortgage borrowing is 2.6% higher than a year ago. House purchase approval numbers are 15% lower than in September 2015 and in the first nine months…
Allen Walkey
Bradford and Bingley mortgage assets to be sold
The government announced yesterday that they have started the process selling £15.7bn worth of Bradford and Bingley mortgage assets. The sale of further mortgage assets that government holds from Bradford and Bingley has been launched by UK Asset Resolution Limited (UKAR), the Chancellor confirmed yesterday (25 October 2016). The Chancellor of the Exchequer, Philip Hammond…
Allen Walkey
Big Increase in supply of rental housing stock
Headlines to yesterdays press release from The Association of Residential Letting Agents (ARLA) reads ‘Supply Of Rental Housing Has Increased To An 18 Month High’ David Cox, Managing Director, Association of Residential Letting Agents (ARLA), said: “This month’s findings paint a really positive picture for renters. Although demand is rising, we’ve seen this happen gradually…
Allen Walkey
Housing is Londoners biggest concern
The Mayor of London, Sadiq Khan, yesterday outlined his plans to create a better city for all Londoners, where no community is left behind and where everyone has the opportunities they need to fulfil their potential. Published yesterday the press release headlines , The Mayor plans to create ‘A City for all Londoners’, the document is the first step towards the creation…
Allen Walkey
TPO and CTSI launch joint letting fees campaign
National campaign kicks off in Swansea and Dorset to improve industry compliance and raise awareness among consumers so more landlords and tenants ask about fees when they shop for an agent. The Property Ombudsman Scheme (TPO) has launched a new national campaign with the Chartered Trading Standards Institute (CTSI) to tackle lettings agents that are…
Christopher Walkey
Homes in UK smallest in Europe
An interesting article in the Guardian this morning, headlined ‘Rise in sale of smaller beds and sofas down to space saving, says experts’ They highlight the fact that sales of narrower beds and sofas are on the rise, reflecting the growing number of people in Britain squeezing into smaller living spaces, according to new figures….
Allen Walkey
From the football pitch to building homes
Rio Ferdinand’s career as a footballer for West Ham, Man Utd and England, is probably as good as you can get, I would say that having been a life long supporter of West Ham and a visitor to Upton Park on a number of occassions. He has now become involved in building homes, along with…
Allen Walkey
London house price growth slows rapidly
Hometrack UK Cities House Price Index September 2016 headlined ‘London records lowest quarterly growth for 20 months’ In the report they highlight that: City level house price growth is running at 8.5% but growth in London has slowed rapidly in the last quarter to the lowest level of quarterly growth for 20 months. Eleven cities…
Allen Walkey
Decrease in number of residential property transactions
Monthly property transactions completed in the UK with value of £40,000 or above for September 2016 released today from HM Revenue and Customs. The provisional seasonally adjusted UK property transaction count for September 2016 was 93,130 residential and 9,670 non-residential transactions. Residential transactions. The seasonally adjusted estimate of the number of residential property transactions decreased…
Allen Walkey