Breaking News
Estate Agents warned over ‘Portal juggling’
A recent article on the nationaltradingstandards.uk website headlines Estate Agents warned over ‘portal juggling’ It leads… Illegal practice that misleads homebuyers on property websites in the spotlight”. Estate agents who deliberately mislead potential homebuyers through the practice known as ‘portal juggling’ are being warned that they could be prosecuted and face a ban from working…
Allen Walkey
UK House Price Index (HPI) for June 2016
The UK House Price Index (HPI) for June 2016 from the Land Registry. The UK House Price Index shows house price changes for England, Scotland, Wales and Northern Ireland. The June data shows an annual price increase of 8.7% which takes the average property value in the UK to £213,927. Monthly house prices rose by…
Allen Walkey
NLA BACKS SELECT COMMITTEE REPORT ON HOMELESSNESS
Commenting on calls for a renewed strategy for tackling homelessness by the Communities and Local Government (CLG) Select Committee, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said: “The NLA welcomes the CLG Committee findings, and its recognition that private landlords play a crucial role in preventing homelessness. “We are delighted that…
Christopher Walkey
Fitch ratings report UK Property Sector……
Fitch Ratings report-London-16 August 2016 headlines ‘UK Property Sector May Face Long-Term Brexit Pressure’ The UK vote to leave the EU could translate into longer-term negative sentiment for the UK property sector, but is unlikely to directly lead to near-term rating downgrades, Fitch Ratings says. Uncertainty over the form and timing of Brexit will weigh…
Allen Walkey
UK House Price Index England June 2016
UK House Price Index England June 2016 from the Land Registry published yesterday 16th August. Headline Statistics: The average price of a property in England was £229,383 The annual price change of a property in England was 9.3% The monthly price change of a property in England was 0.8% The index figure for England was…
Allen Walkey
Shortage of family housing for rent.
A recent news report by Belvoir Lettings posted on their website headlines ‘Stats reveal family housing in short supply’. According to their Q2 rental index it revealed that almost 75% of the Belvoir Network reported a shortage of family housing for the rental market. The survey of Belvoir franchise owners showed a lack of 3-bed…
Allen Walkey
Bovis Homes Group Plc half year results
Bovis Homes Group PLC yesterday announced its half year results for the six months ended 30 June 2016. Commenting on the results, David Ritchie, Chief Executive of Bovis Homes Group PLC said: “We have delivered a record number of homes in the first half of 2016 which has driven strong profit growth, improved returns and…
Allen Walkey
Rightmove (HPI) August
The Rightmove House Price (HPI) August released today headlines ‘2016 shapes up as a year of two halves’. Miles Shipside, Rightmove director and housing market analyst comments: “Many prospective buyers take a summer break from home-hunting, and those who come to market at this quieter time of year tend to price more aggressively. This summer…
Allen Walkey
Brexit continues to weigh on Construction
The National Housing Federation (NHF) warned only last month about the impact a vote for Brexit would have on the Construction Industry , they now highlight the new figures released by Reuters, the Royal Institute of Chartered Surveyors and the Office for National Statistics which substantiate those warnings. In a news release from (NHF) late…
Allen Walkey
Property price cuts the highest in London
Home.co.uk released today 12th August their monthly Asking Price Index headlined ‘Average Prices Weighed Down by Steep Falls in London’. Topping the headlines is: Home prices in London continue to fall steeply, down a further 1.2% in just one month. Property marketing times are rising across most parts of the country. Low confidence among sellers…
Allen Walkey
Aldermore shrugs off Brexit fears with H1 profit increase
Aldermore Group PLC yesterday announced it’s Half Year results for 2016, reporting strong returns and continued growth, profit before tax increased by 50% to £59m. Phillip Monks, CEO, commented: “It has been another strong six months of operational and financial performance as we delivered double digit growth and an underlying return on equity in the…
Allen Walkey
Auction House reports July successes, despite Brexit uncertainty
Auction House reported better-than-expected results in July, despite the post-Brexit slowdown which dampened expectations going into the month. The group sold 385 lots from 526 offered, delivering a success rate of 73% and raising a total of £50.5 million. Commenting on the figures, Founding Director Roger Lake said: “The Brexit factor led to forecasts of…
Christopher Walkey
Longer term tenancies for renters in the (PRS)
Newly appointed Housing Minister Gavin Barwell supports the concept of longer tenancies for renters in the private rented sector (PRS), in reply to a recent House of Commons question he stated he was investigating how to make longer tenancies easier to obtain for tenants. He reportedly said: “My department [the DCLG] has developed a model…
Allen Walkey
House Price Growth continues to slow in July
Results from the RICS Residential Market Survey released today 11th August for July headlines ‘House price growth runs out of steam for now’. The survey shows that house price growth continued to slow in the UK in July while key indicators covering price expectations, buyer enquiries, agreed sales and new instructions all remained firmly negative….
Allen Walkey
EU TENANTS WORRIED BREXIT WILL LEAVE THEM HOMELESS
Three in ten (31 per cent) European Union (EU) citizens living in the private rented sector (PRS) say they are worried that the result of the referendum will make it harder for them to rent in the UK. The findings*, from the National Landlords Association (NLA), also show that a quarter (25 per cent) say…
Christopher Walkey