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Slower rate of rental growth for average UK rents compared to last year says Homelet
Data from the latest Homelet Rental Index January 2017 reveals that average rents in the UK continue to see a slower rate of rental growth compared to last year. The average UK rental value was £888pcm, compared to the same period last year that is an increase of 0.7% (£882pcm). In January UK household rent…
Allen Walkey
Construction sector has shrugged off concerns about the effect of Brexit says RICS
In a press release yesterday 2nd February, the latest Royal Institution of Chartered Surveyors (RICS) Construction Market Survey, Q4 2016 headlines ‘Expectations for construction workloads regain lost ground’ In the highlights they mention: National workloads still positive with the private housing displaying strongest momentum. RICS Chief Economist Simon Rubinsohn said, “The latest results suggest that…
Allen Walkey
OnTheMarket state they received 11.2M website visits in January
OnTheMarket reports today that it achieved a record level of traffic of more than 11.2million visits throughout the month of January.* This is an increase of 85% year on year. In January 2016, OnTheMarket recorded just over 6million visits. Ian Springett, Chief Executive of OnTheMarket, said: “This latest milestone is a fantastic achievement given that…
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Brexit white paper has now been published
The United Kingdom’s exit from and new partnership with the European Union White Paper has now been published and can be viewed on the Gov.uk website. This White Paper provides Parliament and the country with a clear vision of what we are seeking to achieve in negotiating our exit from, and new partnership with, the…
Allen Walkey
ZPG’s property websites saw record levels of traffic over January
Following on from their announcement that Zoopla Property Group (ZPG) have agreed to acquire Hometrack for for £120 million, yesterday they reported record levels of traffic and appraisal leads during January, with record new highs seen in the number of visits across its platform and appraisal leads delivered to its agent partners during the month….
Allen Walkey
Monetary Policy Committee decisions and reports today
The Monetary Policy Committee’s (MPC) decision on interest rates will be announced today at 12 noon. Minutes of the MPC meetings are published simultaneously with the decision. The MPC’s quarterly forecast for growth and inflation will also be published in the Inflation Report today which gives us the central bank’s latest forecasts for the UK…
Allen Walkey
Annual rate of house price growth remains broadly stable at start 2017 says nationwide
Nationwide House Price Index (HPI) released today headlines ‘Steady start to the year for UK house price growth’ Annual house price growth is broadly stable at 4.3%, slightly down from last month (Dec 2016) at 4.5%, there was a 0.2% rise month-on-month in January compared to 0.8% for Dec 2016. Commenting on the figures, Robert…
Allen Walkey
ARLA campaigning for balanced legislative solution over letting agent fees.
The Association of Residential Letting Agents (ARLA) has announced that it is reiterating its call to Government to ban upfront letting agent fees at the start of a tenancy and instead spread the cost across the first six months of a rental agreement. ARLA opposes a full ban on fees but calls for them to…
Allen Walkey
Zoopla Property Group agrees to aquire Hometrack for £120 million
Zoopla Property Group Plc (ZPG) has announced that it has agreed to acquire Hometrack.co.uk Limited, the UK’s leading provider of residential property market insights and analytics, for £120 million on a cash-free, debt-free basis. ZPG is already owner of some of the UK’s most trusted digital platforms including Zoopla, uSwitch, PrimeLocation and Property Software Group,…
Allen Walkey
Business growth leads to head office move for Badger Holdings
Following a period of sustained growth, Badger Holdings Limited, parent company to Townends and Regents Estate Agents, Tyser Greenwood Surveyors, dot financial services and INEX Property Solutions, will be relocating its headquarters to offices in Byfleet, Surrey. As of the 1st February, Badger Holdings head office will reside in new and larger premises. They will…
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Over 87,600 land and property sales lodged for registration in December 2016
Press release yesterday 30th January on Gov.uk website from Land Registry ‘December 2016 Price Paid Data’. Land Registry Price Paid Data tracks land and property sales in England and Wales submitted to them for registration. The December Price Paid Data includes details of the 87,678 sales lodged for registration, residential and commercial land and property…
Allen Walkey
Residential development in Scotland is set for five years of growth says JLL
News release yesterday 30th January from JLL, UK’s leading property consultancy headlined, ‘Scottish house price and rental growth in the shadow of Brexit’ According to new research by JLL, residential development in Scotland is set for five years of growth with demand for homes continuing to outpace supply. Neil Chegwidden, JLL residential research said: “The…
Allen Walkey
Purplebricks announce record level of valuations and instructions in January
Purplebricks Group PLC have today provided additional comment further to its announcement of 27 January 2017 in which they noted the recent strong increase in their share price, they confirmed at the time that they were not aware of any reason for the movement. In todays announcement the Board confirms that, as expected with the…
Allen Walkey
Mortage Advice Bureau remain confident about continued growth in adviser numbers
Mortgage Advice Bureau (Holdings) plc , one of the UK’s leading networks for mortgage intermediaries, issued Friday 27th January a pre-close trading update for the year ended 31 December 2016, ahead of publishing its final results announcement on Tuesday, 28 March 2017. Peter Brodnicki, CEO of Mortgage Advice Bureau (Holdings) plc, said: “Despite the uncertainty…
Allen Walkey
CIELA laying down the rules – Corporate Estate Agents are out!
Discussions with independent agents in relation to their frustrations with existing industry bodies have produced one point of view stronger than all others: Corporate agents manage to infiltrate and take over every organisation in the industry, drowning out the voice and interests of smaller agents, even though those corporates represent the minority of members. The…
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