Breaking News
Rightmove confirm customer numbers increased to a record high of nearly 20,500
Rightmove PLC today released their Final Results in which they revealed that revenue was up 11% year on year with growth driven by their Agency and New Homes businesses with record customer numbers, up 2% to 20,427 In the operational section they highlighted that: 1 million UK residential properties advertised on Rightmove which is a…
Allen Walkey
Chancellors now displaying its properties at OnTheMarket.com.
In a news release today, OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, announces that in line with the 5-year agreement announced in November 2017, the estate agency firm Chancellors Group of Estate Agents Limited is now advertising its UK residential sales and lettings properties at OnTheMarket.com. The agreement was conditional upon…
Allen Walkey
Second Hand Car Dealers and Estate Agents – To be Judged as Equal?
OK, so a catchy and slightly anger-producing headline, but hey this type of marketing has been selling newspapers for decades! Who can ever forget ‘Freddie Star ate my Hamster‘ from The Sun back in 1986? Anyway, back to the subject of this breaking news, and we are looking at yet another estate agency review website…
Christopher Walkey
Still alot to be done to help those struggling to buy their first home (NAEA Propertymark)
News release 21st February 2018 from NAEA Propertymark headlined ‘Ways to help first time buyers enter the housing market’ Although recent figures show the number of first-time buyers (FTBs) has reached its highest level in a decade, there’s still a lot to be done to help those who are struggling to purchase their first home….
Allen Walkey
Strong operational and financial performance for Barratt Developments Plc
Barratt Developments Plc today released their half year results for the six month period ended 31st December 2017. The highlights section leads: Strong operational and financial performance driven by good customer demand. Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “With good consumer demand, a healthy forward order book and…
Allen Walkey
Over 20% of all mortgage approvals went to small deposit buyers according to e.surv
Latest e.surv Mortgage Monitor February 2018 headlines ‘Small deposit mortgages kickstart new year.’ The February Mortgage Monitor revealed a positive start to the year for the UK mortgage market, with an increase in the number of small deposit mortgages being approved. The latest Mortgage Monitor from e.surv found that 21% of all approvals went to…
Allen Walkey
Hunters announce in trading update the group has outperformed the market.
Hunters, one of the UK’s largest franchised sales and lettings agency businesses, today provided a trading update ahead of its results for the year ended 31 December 2017. They announced that the Group outperformed the market, increasing network income by 9.8% to £38.9m (2016: £35.4m) and results for 2017 will be broadly in line with…
Allen Walkey
Onthemarket.com releases a progress report following admission to AIM
Onthemarket.com achieved their admission to the Alternative Investment Market (AIM) and first day of dealings on Friday 9th February 2018, they followed this up with a progress report on Friday last week in which they announced that after five days of trading on AIM, agent support for its portal has been extremely encouraging. On the…
Allen Walkey
Record home-hunter activity fuels rises in most regions
Active start to 2018 as housing demand continues to be resilient: Price of property coming to market up by an average of 0.8% (+£2,414), indicating cautious optimism among new sellers All regions see price rises except for marginal fall of just £131 in the South West January busiest month ever on Rightmove with home-hunter visits…
Rightmove
Consultation to shape a simpler and better complaints system for dissatisfied tenants and homeowners.
Anouncement published 18th February 2018 from The Ministry of Housing, Communities and Local Government and The RT Hon Sajid Javid MP – ‘Government moves towards a shake-up of broken housing complaints system.’ The announcement states in part: Dissatisfied tenants and homeowners across the country may be offered a lifeline as government considers options to ensure…
Allen Walkey
Buying a home is cheaper than renting according to Halifax
The latest Halifax Buying vs. Renting Review found that the average cost including mortgage payment of buying a three-bed home in the UK was £679 a month in December 2017, compared to the average monthly rent of £754 for the same property type. New research from the Halifax reveals that first-time buyers are saving £27,000…
Allen Walkey
Rental market grew in 2017 according to Countrywide
The latest Countrywide plc Monthly Lettings Index – January 2018 released this week reveals that rising rents and more households renting means 2017 was a record year for total rent, last year tenants in Great Britain paid a record £51.6 billion in rent, an increase of £1.8 billion on the previous year and more than…
Allen Walkey
OTM founder member signs long term listings agreement with ZPG
ZPG Plc which owns and operates some of the UK’s leading digital property platforms including Zoopla, PrimeLocation, Property Software Group and Hometrack, today announces that one of the OTM founder members, Douglas & Gordon, has signed a new long term listings agreement with ZPG. Douglas & Gordon, which operates 18 offices across London, will now…
Allen Walkey
Private rental prices paid by tenants in Great Britain rose by 1.1% in the 12 months to January 2018 according to ONS
Latest Statistical Bulletin from the Office for National Statistics released 13th February 2018 – Index of Private Housing Rental Prices, Great Britain – January 2018. An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Main points included in the release: Private rental prices paid by tenants in…
Allen Walkey
Better standards for Nottingham’s private rents as new licensing scheme gets green light
Private tenants in Nottingham will benefit from better quality accommodation and greater protection from rogue landlords after the Government approved a new licensing scheme. The City Council scheme covering over 30,000 privately rented homes in Nottingham is the largest outside London to be given approval by the Secretary of State. A report by the BRE…
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