Breaking News
Private rental sector demand continues to rise
Surveys of more than 1,800 Private Rented Sector (PRS) landlords and tenants undertaken by BDRC Continental on behalf of Paragon Mortgages has revealed a high degree of tenant satisfaction, and the role landlords see the PRS playing in the provision of housing in the UK. Demand for properties to rent rose in the first quarter…
Allen Walkey
Bill to Ban agents from charging tenants letting fees
Baroness Olly Grender a Liberal Democrat Peer points out in her blog on Huffington Post, that private renters are being failed by a housing market stacked against them and it is time for a serious shift in power towards this growing group of consumers. Baroness Grender a former senior figure at shelter has introduced a…
Allen Walkey
Three complaints against eMoov upheld by ASA
The Advertising Standards Authority (ASA) the advertising watchdog, has upheld three complaints made about a promotion and claims advertised by online estate agent eMoov.co.uk. The complaint from a consumer, concerned statements on the eMoov website. According to the ASA website…action taken…The ad must not appear again in its current form. We told EMOOV LTD to…
Allen Walkey
Design Trend – Classic Parquet Wood Flooring
If you really want to make a statement with your interiors, flooring is the ultimate luxury in high end design. I use wood flooring in most of projects and can generally find a wood floor solution to fit my clients budget. Current trends are for chevrons and geometric patterned parquet in lighter tones, such as…
Alex Evans
Fall in house prices predicted.
Members of The Royal Institution of Chartered Surveyors (RICS) are predicting a drop in UK house prices that is expected to be short lived, it citied the EU referendum and the cooling of the market following changes to stamp duty charges in April for this. Beyond that they expect houseprices to rise by slightly more…
Allen Walkey
Auction House numbers strengthen yet again
Auction House sales figures in May marked the fifth month in a row of improved fortunes for the group. Its five month results from January are currently 8.8% up on 2015, with 1,250 sold at a success rate of 76% and £165m raised. Commenting on the figures, Auction House Founding Director Roger Lake said:…
Christopher Walkey
Homelet Rental Index (MAY) reveals rents continue to rise.
The May 2016 HomeLet Rental Index reveals that rents continue to rise in almost every area of the country, with 11 out of the 12 regions surveyed seeing an increase over the three months to the end of May, however the pace of rent rises is now beginning to moderate, particularly compared to a year…
Allen Walkey
Belvoir to become largest property franchise group in UK
Belvoir Lettings plc announced yesterday it has entered into a conditional agreement to acquire the entire issued share capital of Northwood GB Limited for a total consideration of up to £22.0 million. Northwood is the largest remaining independent property lettings franchise in the UK, established in 1995 it is a clear strategic fit with the…
Allen Walkey
HALIFAX HPI MAY
The Halifax House Price Index released today headlines “Annual House Price Growth Unchanged at 9.2%” Prices in the three months to May were 9.2% higher than in the same three months a year earlier. House prices in the latest three months (March-May) were 1.4% higher than in the preceding three months. Martin Ellis, Halifax housing…
Allen Walkey
Purplebricks Group share price pulls back.
The share price of Purplebricks Group PLC finished the day yesterday at 120p, that is almost a drop of around 25% since Jeffries put out a broker rating on it just one week ago. The research report issued by Jefferies International on the 31st May rated Purplebricks as ‘Underperform’ by analysts at the brokerage, they…
Allen Walkey
Possible Changes ahead for madatory licensing of HMO’s
Recent reports point to Government plans to introduce changes to HMO mandatory licensing requirements, such changes would include extending mandatory licensing to two storey buildings and possibly single storey properties converted into flats, which are not compliant with Building Regulations. Landlords need to be aware that such changes to the licensing requirements for houses in…
Allen Walkey
‘Leave’ takes lead according to YouGov poll.
According to a YouGov poll for ITV, Bloomberg reports support for Britain to leave the European Union stood 4 points ahead of support for remaining in the EU, voting takes place on June 23 just over 2 weeks away. In a June survey of 3,405 people commissioned by ITV’s “Good Morning Britain”, Yougov found 45%…
Allen Walkey
Savills Invest in online hybrid estate agent
Savills plc the international real estate advisory firm, is pleased to announce that its proprietary investment subsidiary, Grosvenor Hill Ventures, has acquired a minority stake in YOPA Property Limited (“YOPA”) by participating in YOPA’s £16m equity fundraising to finance the roll out of its online hybrid estate agency in the high volume segment of the…
Allen Walkey
Not Plain Sailing for David Cameron in Live TV Q&A
David Cameron was certainly not given an easy ride in yesterdays live TV EU Referendum Q&A on Sky News, this was his first major TV event in support of the ‘Remain’ campaign. Faisal Islam Sky’s political editor interviewing Mr Cameron took no prisoners when it came to getting the answers to his questions, he fired…
Allen Walkey
City Level House Price Inflation Continues to Increase
The latest Hometrack UK Cities House Price Index released in May for April reveals the rate of city level house price inflation continues to increase after a strong first quarter. Year on year growth is running at 10.4% compared to 6.6% twelve months ago when growth had slowed in the face of uncertainty over the…
Allen Walkey