Breaking News
Warning of slowdown in the construction industry.
This week (Tuesday) at the National Housing Federation’s (NHF) Brexit conference the social housing sector warns of a slowdown in the construction industry. In their press release on the 19th July the (NHF) pointed out that: Early findings from new CEBR analysis suggest a construction slowdown may be on the horizon with shares in construction…
Allen Walkey
ROS reports House Prices rise 4% north of the border
According to the Registers of Scotland (RoS) recent news report the latest publication of the UK House Price Index (HPI) shows that the average price of a property in Scotland in May 2016 was £141,142, an increase of 4.0 per cent on the previous year and an increase of 2.8 per cent when compared to…
Allen Walkey
June House Prices rise by 0.6%
LSL Property Services / Acadata England and Wales House Price Index (HPI) June 2016 headlines ‘House Prices in June continue to rise by 0.6%’. Transaction numbers climb back to 2015 levels but Brexit looms large London house prices fall 1.4% (£8,400) month – on – month – largest fall since May 2011 Slough and Luton…
Allen Walkey
UK (HPI) May 2016
The UK (HPI) May 2016 published yesterday 19th July. The UK House Price Index (HPI) uses house sales data from Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland and is calculated by the Office of National Statistics As of May 2016 the average house price in the UK is £211,230, and…
Allen Walkey
Belvoir Lettings updates on Franchisee-Led Aquisitions
Belvoir Lettings plc, the UK’s largest property franchise, updates today on a number of franchisee-led acquisitions across the country. The acquisitions were made by Belvoir franchisees in Solihull, Rochester, Bournemouth and St Helens. Mike Goddard, Chairman and CEO of Belvoir reportedly commented; “The Group is going from strength to strength and I continue to be…
Allen Walkey
Gavin Barwell MP appointed Housing and Planning Minister
Theresa May has appointed Croydon MP Gavin Barwell as new Minister of State for Housing & Planning and Minister for London as part of the government reshuffle, he replaces Brandon Lewis who has served as housing minister since July 2014. Mr Barwell will be working with Sadiq Khan the recently elected Mayor of London and…
Allen Walkey
ALEP celebrates 200th member milestone
The Association of Leasehold Enfranchisement Practitioners (ALEP) is proud to announce Leasehold Assist has joined as its 200th member. Leasehold Assist is a firm of Chartered Surveyors specialising in the valuation and negotiation of residential lease extensions and freehold purchases throughout England and Wales. Created in 2007 by Alex Greenslade and Anna Bailey of Leasehold…
Christopher Walkey
NLA LAUNCHES TENANCY MANAGEMENT SOFTWARE
The National Landlords Association (NLA) has launched its newest service, Landlord Vision, which uses cloud-based software to help landlords manage almost every aspect of their tenancies. The service aims to help landlords by putting all tenancy management activities in one place through a cloud-based solution, thus eliminating the need to rely upon spreadsheets and disparate…
Christopher Walkey
Rightmove HPI July
Rightmove House Price Index published today for July headlines ‘Housing Market steady post Referendum’ The average asking price of property coming to the market in England and Wales has fallen since Mid June according to Rightmove. Price of property coming to market falls 0.9% (-£2,647) this month, within usual expectations for the run-up to the…
Allen Walkey
International money launderers exploit UK property market.
Recent news articles are reporting that the UK property market is being exploited by international money launderers, Chairman of The Home Affairs Select Committee Keith Vaz reportedly said that £100bn was being laundered through the country every year. He further reportedly said “London is a centre for money laundering, and its standing as a global…
Allen Walkey
Pound recovers however still uncertainty.
The pound sterling rate against the dollar had its best week since 2009, this came about after the appointment of Theresa May as Prime Minister, this helped settle everyones concerns at having no real leadership in the country, it returned a sense of political stability in the UK. Another factor was that last Thursday the…
Allen Walkey
NLA ANNOUNCES NEW BOARD MEMBERS
The National Landlords Association (NLA) has announced that three new Non-Executive Directors will join its Board. Adrian Jeakings, Steve Simpson and Dietmar Walter were officially appointed on 22nd June 2016 and will take office with effect from 1st September 2016. The role of the NLA Board is to develop strategies that ensure that the NLA…
Christopher Walkey
RICS Residential market Survey June
The RICS UK Residential Market Survey for June 2016 released yesterday headlined Post-referendum uncertainty hits sentiment. It stated: Buyer enquiries fall for third consecutive month ….. Agreed sales fall sharply with activity expected to remain subdued in the coming months …… medium term price expectations slip, but remain positive, with rent expectations still firm. In…
Allen Walkey
Bank of England keeps interest rates on hold
The Bank of England (BoE) yesterday announced that the interest rate was to remain at 0.5%, they voted by a majority of 8-1 to maintain the present Base Rate. This was the the first meeting of the Bank of England’s Monetary Policy Committee (MPC) following the UK’s momentous Brexit decision, it was also the first…
Allen Walkey
Homes prices drop after Brexit
The home.co.uk Asking Price Index released this week headlines ‘Brexit ends 19-month House Price Rally’ Top of the headlines list was. Britain’s post-crisis success story ends in fear as home prices drop after Brexit. Brexit woes pop the London bubble as prices slide 1.1% in just one month. Prices fell in four English regions and…
Allen Walkey