Breaking News
Rental growth slows across Britain
Countrywide PLC yesterday published their monthly lettings Index – September 2016. They state that rental growth has slowed across Britain over the last year, but price growth in Northern cities has remained at a similar rate to recent months. Rents are rising faster in Northern cities than those in the South, most Southern cities have…
Allen Walkey
North/South property sales divide.
Righmove released today their House Price Index (HPI) headlined ‘North/south sales divide in the Autumn market’. Price of property coming to market increases by 0.9% this month and sales agreed in September have recovered from summer lull. Different areas of the country and different sectors are experiencing contrasting market conditions, with a north/south divide currently…
Allen Walkey
Reference checks are top priority for landlords
A new report from Hunters now one of the UK’s largest independent estate agency chains with over 170 branches nationwide says, according to latest research, ensuring potential tenants have passed reference checks came in as the top priority for landlords when selecting an agent to let their property, speed of let and trained staff cited…
Allen Walkey
Construction output slowed in August
Statistical bulletin released last week by the Office for National Statistics (ONS) showed that construction output decreased by 1.5% in August, this is the second release of construction output covering data post-EU referendum. Following a revised increase in July 2016 of 0.5%, construction output decreased in August 2016 by 1.5%. They state you should note…
Allen Walkey
Cost of a brick in the wall of the average house
Research announced yesterday by Barclays Mortgages and the Centre for Economics and Business Research (Cebr) has found that the cost of a single brick, when calculated from the price and size of the average house in the UK, has increased 33% in the past decade. Their research found that the cost of a single brick,…
Allen Walkey
HomeLet Rental Index September
The most recently released HomeLet Rental Index (September) states that 2016 to date has seen a slower rate of rental growth, compared to the same period last year. The increase in average rental value is 3 per cent higher than the same period last year, standing at £910pcm compared previously to £884pcm. In comparison to…
Allen Walkey
Stock selection is key to rising success rates, says Auction House
The UK’s number one property auctioneer Auction House says that being selective about the stock it chooses to offer at auction is a key factor behind its rising success rates. The group recorded a September 2016 success rate of 75.4% – up on last September’s figure of 74.5%, despite a more challenging sales environment –…
Christopher Walkey
Landlords slow to register with Rent Smart Wales
With just 6 weeks to go before the deadline for Landlords to comply with the law in Wales, only just about 25% of Landlords are presently registered according to Welsh Government figures. The Rent Smart Wales scheme will require landlords to be trained in their responsibilities and obligations. Rent Smart Wales process landlord registrations and…
Allen Walkey
Latest RICS survey shows House prices rise in September
House prices in the UK rose for a second month in September, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS), it shows its monthly house price index increased to +17 in September from +13 in August, The report mentions that more chartered surveyors are reporting an increase in buyer enquiries,…
Allen Walkey
Trading update from Telford Homes Plc
Telford Homes Plc released yesterday their trading update ahead of the interim results for the six months ended 30 September 2016, which will be released on Wednesday, 30 November 2016. Highlights lead with: Long term imbalance between the supply of homes and the demand for somewhere to live in non-prime areas of London underpins future prospects for Telford…
Allen Walkey
Investors return to the market says Rightmove
Rightmove, yesterday 12th October, published the Rental Trends Tracker for 3rd Qtr which headlined ‘Buy-to-let enquiries up 30% since May as investors return to the market’. The report mentions: Buyer enquiries from potential landlords and investors are now up 30 per cent since May, new rental listings up on the same quarter last year and…
Allen Walkey
Buy-to-Let lending down on August.
Press release published today from the Council of Mortgage Lenders (CML) headlines ‘August House Purchase Lending up 11% compared to a year ago.’ The news article leads: Home-owners borrowed £12.2bn for house purchase, up 14% month-on-month and 11% year-on-year. They took out 66,000 loans, up 13% on July and 9% on August 2015. Paul Smee, director general…
Allen Walkey
‘Home Prices Bounce back’.
home.co.uk today released their October 2016 Asking Price Index headlined ‘Home prices Bounce Back but Supply is on the Rise’. Their report leads: Home prices bounce back – up 0.7% since September, reversing prior falls. more…. The summary section begins: Prices are up across the board this month as optimism rises on the back of…
Allen Walkey
New Headquarters for Zoopla Property Group
Zoopla Property Group Plc (ZPG), owner of the UK’s most-trusted digital platforms including Zoopla, uSwitch and PrimeLocation announced yesterday that it has moved Headquarters, it has moved into its new 45,000 home adjacent to Tower Bridge at The Cooperage, 5 Copper Row, London SE1. Alex Chesterman, Founder & CEO of ZPG said, “This move marks…
Allen Walkey
THIRD OF LANDLORDS WORRIED ABOUT BREXIT EFFECT
More than a third of landlords (35 per cent) think that leaving the EU will have a negative impact on their ability to attract tenants in the future, according to the latest findings form the National Landlords Association (NLA). The findings also show that 39 per cent believe that Brexit will have no significant impact on…
Christopher Walkey