Breaking News
London’s rental growth rate slows
New data from the HomeLet Rental Index report for January 2016 reveals rent prices for new tenancies in Greater London are rising at the slowest rate for almost two years. The South East of England and the East Midlands show highest annual rent increases. Average rent in the UK (excl Greater London) is now…
Allen Walkey
NetAnAgent Nets Six Figure Investment:
Netanagent – a free price comparison website for estate agents – is set to enhance its offering to UK customers after attracting a six-figure investment from a South West business angel. Bath-based property developer Chris Bamford has acquired a significant share in Netanagent, which compares estate agents and helps those involved in the selling and…
Christopher Walkey
Self-Certificated Mortgage
Who would have thought we would see the return of the self cerificated mortgage? They were banned by the regulator in 2014, well it appears a loophole has been found whereby a lender operating out of the Czech Republic can offer such mortgages. The regulator has already condemned the tactics of this new business, and…
Allen Walkey
Landlords need to be aware of changes.
No more so than now do Landlords need to be aware of impending changes to their industry, for the past year there has been major changes in the way they should operate and how their profitability should be calculated, most recently are the changes to their mortgage tax relief. The most vunerable of landlords are…
Allen Walkey
Mandatory licensing for landlords
One in five households in Northern Ireland now rent privately for the first time in a generation, at present all private landlords who let property under a private tenancy in Northern Ireland have to register, but there is no binding professional standard or training required to practice as a property manager. In response to the…
Allen Walkey
Demand for property in Marbella, Spain
According to a recent report, demand for property in the glamorous southern Spanish resort of Marbella appears to be oustripping supply, there has been a surge in demand over the last year for this hotspot in the Costa del Sol, it has emerged as having one of the strongest property markets in Spain. Probably the…
Allen Walkey
Upward trend in Construction Activity for Leeds.
Positive news in the commercial construction sector with the Leeds Crane Survey for 2015 showing that the region has achieved a 9 year high for new schemes started with 16 new schemes having started during 2015. Full report can be read here. Once again, with assumptions that residential property values will increase as demand…
Christopher Walkey
Help to Buy ISA’s proving popular
250,000 first time buyers have opened a Help to Buy Isa since the launch, that is one being opened every 30 seconds across the UK, according to an announcement on the Gov.UK website from HM Treasury and Rt Hon George Osborne MP. A quarter of a million first time buyers, more than half of whom…
Allen Walkey
Interest rates remain on hold
The Bank of England votes once again to keep interest rates on hold at 0.5%, yesterday policymakers voted unanimously to hold borrowing costs this month and they gave little indication that there would be an increase any time in the near future. The possibility of any UK interest rate rise receded further after the Bank…
Allen Walkey
The Property Software Group #VIM2016 Main Sponsors.
We are very proud to have The Property Software Group as the main sponsors for our #VIM2016 Awards. The Property Software Group is the UK’s largest supplier of software, technology and design solutions to the property industry. Its portfolio includes market leading residential sales and property management software and web design services. The group has…
Christopher Walkey
Halifax HPI January 2016
Halifax HPI for January shows house price quarterly growth at 2.2% Prices in the three months to January were 9.7% higher than in the same three months a year earlier. Commenting, Martin Ellis, Halifax housing economist, reportedly said: “House prices in the three months to January were 2.2% higher than in the previous three months….
Allen Walkey
New office openings for Winkworth
M Winkworth plc, the leading franchisor of real estate agencies has announced a positive start to 2016 and the opening of three new offices which takes them past the 100 mark, with a further four under negotiation, their offices are predominantly in the London area and the South-East of England. It is part of their…
Allen Walkey
Putting Letting Agents in the Positive.
Keylet Sales & Lettings are running a free transport service for students. The students – including those who do not rent through Keylet, in Cathays – are being offered free lifts into Cardiff city centre every Wednesday evening throughout February. Wednesdays are when the students have their weekly socials. The lifts are given in the…
Landlords confidence in BTL sector at a low.
Speaking at the Building Societies Association’s (BSA) annual meet-up for mortgage professionals on tuesday 2nd February, Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA) reportedly told delegates that Landlords’ confidence in the buy to let (BTL) sector has collapsed to an all-time low and is now ‘worse than levels witnessed during the…
Allen Walkey
Foxtons Group ups dividend as revenue grows
FOXTONS GROUP PLC today announces Trading Update and Dividend Announcement Foxtons plc, London’s leading estate agency, issues its trading update for the year ended 31 December 2015 ahead of its annual audited results announcement on 8 March 2016. The Group achieved a solid performance during 2015 with revenue growth across all business segments. Group turnover…
Allen Walkey