Breaking News
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
RLA is asking the Welsh Assembly members to amend tax plans
The RLA is asking the Welsh Assembly members to amend tax plans that could make it harder for vulnerable people to rent a home, RLA Cymru is warning that any threat to the supply of homes to rent will make it more difficult for families and the homeless to access rented housing, at a time…
Allen Walkey
Enness partners with specialist to assist clients in releasing profits from SPVs
Challenges to extracting profits from Property Special Purpose Vehicles (SPV) A Special Purpose Vehicle (SPV) is a company set up to capture value from property transactions and developments. Property developers and investors typically use SPVs to contain and manage risks associated with their developments, each of which will have different investor profiles. A typical route…
Enness Private
Building material price increases due to depreciation of sterling.
Research out on Monday this week from the Federation of Master Builders (FMB) State of Trade Survey showed 70% of smaller building firms reported building material price increases. The FMB stated the rising prices have come about due to the depreciation of sterling as around a quarter of materials used by the UK construction industry…
Allen Walkey
ARLA responds to Scottish Government’s proposals
In a news report published yesterday 9th January on their website The Association of Residential Landlords (ARLA) responds to Scottish Government’s proposals on new private residential tenancy. ARLA has responded to the Scottish Government’s consultation on the proposals for regulations and policy supporting the Private Housing (Tenancies) (Scotland) Act 2016, arguing that the forms and…
Allen Walkey
TPO creates new Deputy Ombudsman role and complaint teams
The Property Ombudsman (TPO) has created a Deputy Ombudsman role and reorganised the way it reviews complaints to ensure agents and consumers receive an improved service and faster outcomes through new dedicated teams and technology. TPO, which helps more than 16,000 consumers every year, has appointed Jane Erskine to the role of Deputy Ombudsman. Having…
EAN Content
House prices finished 2016 strongly says Halifax
Halifax today released their House Price Index (HPI) report for December 2016 headlined ‘Annual house price growth rises to 6.5%’ They state: House prices in the three months to December 2016 were 2.5% higher than in the three months to September 2016. Martin Ellis, Halifax housing economist, said: “House prices finished 2016 strongly. Prices in…
Allen Walkey
CML welcomes announcement on funding for affordable housing
The Council of Mortgage Lenders (CML) last week welcomed the announcement by the Communities Secretary Sajid Javid on funding for affordable housing, and the government’s commitment to widen the tenure choices for people who cannot afford to buy a home outright. Commenting on today’s announcement, CML director general Paul Smee said: “Today’s announcement can deliver the tenure flexibility that…
Allen Walkey
Hamilton Fraser to roll out property podcasts throughout 2017
Hamilton Fraser, parent company to mydeposits, the Property Redress Scheme, Client Money Protect and Total Landlord Insurance, has launched a series of property podcasts with Brand Ambassador, Paul Shamplina, and Managing Director, Eddie Hooker, covering key topics in the private rented sector. The audio podcasts are released every month and cover the latest landlord, tenant…
EAN Content
Migration Watch report “misfires on all cylinders”, says Property Personnel
The Managing Director of the UK’s oldest estate agent recruitment consultancy has slammed a recent report which claims a cap on skilled migrants does not hamper the ability of British businesses to recruit. The report by Migration Watch, which campaigns for lower immigration, accuses British businesses of crying wolf over the impact of a cap…
EAN Content
Persimmon announces ‘sales up’ in their trading update
Persimmon plc yesterday announced an update ahead of their Final Results for the year ended 31 December 2016, which will be released on 27 February 2017. Read the Persimmon PLC trading update in full click here. Persimmon the York-based housebuilding giant saw its year-on-year sales rise 15 per cent in the last six months of…
Allen Walkey