Breaking News
Taylor Wimpey reports post-referendum trading ‘normal’
Taylor Wimpey PLC release their half year results for the period ended 3 July 2016 today. Pete Redfern, Chief Executive, commented: “We have delivered a strong operational and financial performance with continued growth in profitability, building over 6,000 new homes across the country during the first half of 2016. One month on from the EU…
Allen Walkey
Estate agent board ban to be extended
A report in The Argus covering Brighton and Hove, East, Mid and West Sussex headlines ‘Ban on estate agents board to be widened out across the city’ The report says councillors have voted to widen the ban on estate agent boards across Brighton and Hove at a full council meeting. The Argus reported that the…
Allen Walkey
Waterfords in Fleet Wins British Property Award
Waterfords’ Fleet branch has just won the British Property Award for Fleet. These prestigious awards provide agents throughout the UK with an invaluable opportunity to compare the service they provide with that of their local, regional and national competition. Using an award winning agent also provides consumers with the added level of reassurance that they…
Christopher Walkey
A nice profit banked in 10 days
According to a Stock Exchange (RNS) announcement on the 25th July, Purplebricks Group plc the hybrid estate agent was notified that on 22 July 2016, Joby Russell, Chief Marketing Officer, who is considered to be a person discharging managerial responsibilities, sold 243,618 ordinary shares of 1 pence each at a price of 140.00 pence per…
Allen Walkey
Fixed mortgage rate dropped on average since January
Moneyfacts.co.uk the financial information service yesterday published a six-month review of the mortgage market, in it they said the cost of all types of fixed rate mortgage had dropped on average since January. They mention that it is clear that the mortgage market had a significant boost during the first half of 2016, and this…
Allen Walkey
South Ayrshire Council launches Landlord accreditation scheme
An article yesterday published by Scottish Housing News reports South Ayrshire Council has launched a training scheme to help educate private landlords on a number of key topics in the sector. The course is being developed in partnership with Landlord Accreditation Scotland (LAS) which is the national accreditation scheme for Scottish landlords & letting agents,…
Allen Walkey
We need 300,000 new homes a year, not 200,000, says Aston Mead
Leading land brokers Aston Mead say that the new Government under Theresa May should set its sights on building 300,000 homes each year, rather than the 200,000 proposed under David Cameron’s leadership. The company’s comments come after the publication of a new report from the cross-party House of Lords Economic Affairs Committee, entitled ‘Building More…
Christopher Walkey
First-Time buyer numbers increase first half 2016
The numbers of first-time buyers made up 47 per cent of the mortgage market in the first half of 2016, that was an increase of an estimated 10 per cent year on year, according to Halifax. Chris Gowland, Mortgages Director at Halifax, said: “There was a further increase in the number of first-time buyers in…
Allen Walkey
Many homeowners think that house prices are falling.
Many expected the bank base rate to be cut earlier this month due to apprehension over the Brexit decision, this did not happen to the surprise of most. The MPC in their July meeting suggested that the committee is considering a broader package of measures, this has given rise to the expectation by financial markets…
Allen Walkey
Gross mortgage lending increases
The Council of Mortgage Lenders (CML)June gross mortgage lending estimate published yesterday 21st July headlined ‘Gross mortgage lending climbs in June’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £20.7 billion in June. CML senior economist Mohammad Jamei said: “The result of the EU referendum is likely to affect the housing market,…
Allen Walkey
Sales volumes likely to slow…..
UK Cities House Price Index June 2016 released today headlines ‘Sales volumes likely to slow with price growth moderating post Brexit’ According to research published by Hometrack….The rate of city level house price is starting to plateau after a strong first half of the year, house prices rose by 10.2% in the year to June….
Allen Walkey
English Housing Survey 2014/15 ( National Statistics )
National Statistics ENGLiSH HOUSING SURVEY 2014 -2015. Published yesterday 21st July from Department for Communities and Local Government. Annual report on those new to home ownership (first time buyers) and those who aspire to be home owners. Full Report click here Annual report which provides a profile of social renters and the condition of the…
Allen Walkey
HALF OF TENANTS WOULD LEAVE TOWN TO ACHIEVE DREAM OF HOMEOWNERSHIP
More than half of tenants would move or consider moving to a different town or city in order to buy a home, according to a new poll of private renters*. The poll found that just over a quarter of tenants (27 per cent) would relocate in order to buy a house, and a further three…
Christopher Walkey
Victorstone are Braving the Shave: Please help by donating to this great cause
To everyone associated with Technicweb and anyone who has ever been affected by Cancer please take 5 minutes to read about this great cause. One of our clients Fokrul Islam one of the directors of Victorstone, part of the Cartus Relocation Agent Network is taking on Brave the Shave to raise money for Macmillan Cancer…
Brexit effect hits commercial property market
The commercial property market is having to deal with a drop in confidence and investor demand after Brexit , according to Q2 UK Commercial Property Market Survey by the Royal Institute of Chartered Surveyors (RICS). The RICS highlights in their headline: ‘Sentiment significantly dampened by Brexit vote’. Investment demand falls sharply with London seeing the…
Allen Walkey