Breaking News
Private tenants struggle to pay rent.
According to a recent article in The Guardian, the charity Shelter say that over half of private tenants are struggling to pay their rent. The survey revealed that 15% of private renters are worried about paying their rent this month and that nearly a third, have had to cut back on winter essentials such as…
Allen Walkey
Bleak future for BTL landlords with mortgaged properties.
The attack on the buy-to-let sector by the government since the election is certainly having its effect, new regulations and crippling taxation are putting investors who purchase mortgaged properties into a position whereby they are set to lose money within 5 years, regardless of which region they intend to invest in, that is according to…
Allen Walkey
Record Christmas and New Year traffic on Rightmove
Save-to-buy renters could afford to put on average £210 towards their deposit each month by flatsharing, Newcastle offers the best value being only 11% more expensive for a two-bed than a one-bed flat, that is according to Rightmove’s Rental Price Tracker Blog Average asking rents rose in all regions in 2015, an annual increase of 3.8%…
Allen Walkey
Halifax HPI Decemeber
The Halifax House Price Index released last week showed that quarterly house price growth remained below 2%. House prices in the latest three months (October-December) were 1.6% higher than in the preceding three months. Prices in the three months to December were 9.5% higher than in the same three months a year earlier. Commenting,…
Allen Walkey
If UK votes to leave EU
What will be the affect if UK votes to leave EU? If the Referendum result is to leave the EU, there will likely be a ‘settlement’ period of at least 2 years. During this time, Britain and the EU will look at reciprocal arrangements, such as we now enjoy. If however Britain denies certain privileges…
Allen Walkey
Kremer Signs 2016 Investment
The year of 2015 saw Kremer Signs relocated their Newbury based head office to a 15,000 sqft, state of the art production facility. This move was a strategic investment from the current owners and with the additional space they hold their own raw material stock (over 100,000 sheets of correx material & 25,000 timber posts)…
Increase in limited company BTL activity.
According to Mortgages for Business there has been a sharp rise in the use of limited companies when investors look to purchase a Buy-to-Let (BTL), new applications for limited company mortgages for December has risen to 38% of all buy-to-let applications, that figure is up from 15% in October 2015. The proportion of lenders offering…
Allen Walkey
HBF reaction to LGA planning permission claims.
Home Builders Federation reaction to yesterday’s LGA claims re planning permissions ‘waiting to be built’. “As has been proved time and time again, house builders do not landbank in terms of delaying start on site once they have an ‘implementable’ planning permission . The vast majority of the 475,647 homes quoted by the LGA are…
Allen Walkey
Homes with planning permission yet to be built.
New research published yesterday by the Local Government Association reveals there are a record 475,647 homes in England which have been given planning permission but have yet to be built, the study was carried out by industry experts Glenigan The LGA said that the figures underline the need for councils to be able to invest…
Allen Walkey
High levels of enquiries for Cypriot property
Cypriot property is now the most popular it has been in almost three years, according to new research from TheMoveChannel.com. The island has struggled in the years since the financial crash, with a banking crisis and other issues damaging buyers’ confidence. Now, though, enquiries for real estate in Cyprus have returned to 2013 levels. TheMoveChannel.com…
Allen Walkey
The accuracy of online review websites to be challenged by the Competition & Markets Authority.
Word of mouth has always been a deciding factor for consumers when selecting to work with property professionals but with the revolution of technology, thousand of reviews have become available at the click of a button. Online review websites for the property industry such as Agent Tracker, Witch Property Agent and Estate Agent Review are…
New London head office for Countrywide
Countrywide plc, the UK’s largest property services group has moved to a new London Head office at UK House, Oxford Street . This move brings personnel from head offices across London including Hamptons International, John D Wood & Co., and Ikon, together for the first time. These teams will join Countrywide’s executive team and Lambert…
Allen Walkey
Belgravia luxury homes price drop
The median selling price of luxury homes in the London postcode of SW1 which includes Belgravia have fallen by more than 20% in the year up to November 2015 as rising taxes start to bite. According to analysis by Bloomberg of Land Registry data, the London postcode SW1 has seen the the biggest slump in…
Allen Walkey
Spanish House Prices – Biggest increase in prices since 2007.
We have certainly heard about the property values over in Spain, having lived there myself in 2007 I certainly saw the tail end of the highest valuations of property and since we have moved away I see some house, still on the market, at nearly 50% less then they were in 2007. So, good news…
Christopher Walkey
Calls for rogue tenant blacklist
Landlord Action the tenant eviction specialist is calling for a list to be drawn up similar to that drawn up by the government for persistent rogue landlords and letting agents, it is currently suggested the blacklist of rogue landlords and agents would be available to local authorities and central government, enabling them to keep track…
Allen Walkey