Breaking News
An Englishman’s home is his castle
I am not sure who gave us the the phrase ‘An Englishman’s home is his castle’ but it appears these days less and less in England or for that matter in the UK actually own their own home, official figures show that the UK now has the fourth lowest home ownership rate in the European…
Allen Walkey
Governor of Bank of England to remain until June 2019
Mark Carney the Governor of the Bank of England who was appointed to the position in July 2013 has reportedly confirmed that he will remain until June 2019, this dispells rumours that he was about to resign. Over the past month there have been conflicting newspaper reports suggesting that Mr Carney was about to resign,…
Allen Walkey
JV partnerships are the answer to affordable housing, says Aston Mead
Leading land broker Aston Mead is calling for local authorities to set up joint venture partnerships with developers, in order to accelerate the building of affordable homes. Land & Planning Director Adam Hesse suggests that councils offer selected land to developers as part of joint venture partnerships, which would prevent developers having to raise funding…
Christopher Walkey
Strategic restructuring for Auction House in the North West
Leading property auctioneer Auction House is restructuring its operation in the North West of England, as a strategic response to the surge in residential and commercial activity across the region. The group has created two tailored auction businesses in the area: Auction House Manchester operated by multi award winning estate agents Ryder & Dutton at…
Christopher Walkey
Rental prices increase most in South East England
Statistical Bulletin from the Office for National Statistics released 28th October headlined ‘Index of private housing rental prices (IPHRP) in Great Britain: Sept 2016’ An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Annual rental rises in the South East of England are now outperforming London, new…
Allen Walkey
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