Breaking News
Shelter calls for 5 year rental contracts
Shelter is campaigning to give renters a fairer deal and greater security by introducing longer rental contracts, they are calling on the housing minister Gavin Barwell to make five-year rental contracts available to renters. If necessary renters could leave such contracts early, but at least they’d have the option of staying in their home for…
Allen Walkey
Mortgage market has been resilient and adaptable in 2016 says CML
News release from the Council of Mortgage Lenders (CML) this week headlined ‘Mixed picture in December but first-time buyer lending healthy says CML” New data from the CML released this week reveals house purchase activity increased month-on-month and year-on-year but remortgage and buy-to-let levels decreased. Paul Smee, director general of the CML, commented: “2016 could…
Allen Walkey
Private rental prices rise by 2.2% in year to Jan: 2017 according to ONS
The most recent Statistical Bulleten from the Office for National Statistics (ONS): Index of private housing rental prices (IPHRP) in Great Britain: January 2017. Main points included in the Statistical Bulleten as below. Private rental prices paid by tenants in Great Britain rose by 2.2% in the 12 months to January 2017; this is down…
Allen Walkey
A record number of Landlords buy in cash last month.
Countrywide yesterday 14th February released their Monthly Lettings Index – January 2017 headlined ‘Cash landlords hit a record high’. In the highlights they reported that January 2017 saw a record 61% of landlords buy in cash, up from 59% last year and 41% in 2007. In the North West of England landlords are most likely…
Allen Walkey
Stunning price appreciation in East of England according to Home.co.uk
Home.co.uk released their Asking Price Index yesterday 14th February headlined ‘Home Prices and Supply Surge in the East’. In their summary they mention: Whilst the London market continues to suffer the consequences of oversupply and overly high prices, it is the East of England that leads the regional league table with stunning price appreciation. They…
Allen Walkey
Average house prices in the UK have increased by 7.2% in the year to December 2016
Reports for the UK House Price Index (HPI) for England, Scotland, Wales and Northern Ireland December 2016 published 14th February 2017 on the Gov.uk website. Average house prices in the UK have increased by 7.2% in the year to December 2016 (up from 6.1% in the year to November 2016), continuing the strong growth seen since…
Allen Walkey
Right to Rent scheme is failing on all fronts according to report from JCWI
A new report by the Joint Council for the Welfare of Immigrants (JCWI) reveals that foreigners and British citizens without passports, particularly those from ethnic minorities, are being discriminated against in the private rental housing market as a result of the Right to Rent scheme designed to crack down on irregular immigration. The report compiled…
Allen Walkey
Recruitment consultancy struggles to recruit recruitment consultant
The UK’s longest-established estate agent recruitment consultancy is itself struggling to find a recruitment consultant to join the team. For the past three months, Property Personnel based in Staines-upon-Thames has been advertising the role, but so far no suitable individual has been found. Property Personnel Managing Director Anthony Hesse explained: “We’ve certainly had no shortage…
EAN Content
Auction House claims new UK record with 703 listings in February
Award-winning property auctioneer Auction House is declaring a new UK auction record, after entering 703 lots into its February auctions. The number instructed beats the figure listed in December 2016, which was the company’s previous highest ever total. Commenting on the achievement, Founding Director Roger Lake said “Never before has an auctioneer entered over 700…
EAN Content
Average rents ended 2016 higher than they started it says Your Move
The latest Your Move England and Wales January 2017 Buy to Let Index report found that despite a turbulent year average rents ended 2016 higher than they started it. The average property was let for £811 a month in December, compared to the average rent in January 2016 which stood at £790. Across England and…
Allen Walkey
ZPG announces it has signed a long term marketing and software agreement.
ZPG Plc, owner of leading property marketing and software platforms, announced last week it has signed a long term marketing and software agreement with The Property Franchise Group for the benefit of all its franchisees. The new deal is expected to see the return of a large number of The Property Franchise Group brands in…
Allen Walkey
A decline in number of properties taken into possession last year
News release from The Council of Mortgage Lenders (CML) yesterday 9th February headlined ‘Mortgage possessions down again in fourth quarter of 2016’ According to new data from the CML the number of properties taken into possession last year declined by almost 25%, over the course of 2016, the number of mortgages in arrears also fell by 7%….
Allen Walkey
Shortage of supply in both the lettings and sales segments says RICS
The Royal Institution of Chartered Surveyors (RICS) today released their UK Residential Market Survey for January 2017 headlined ‘Market needs “turbo boost” as supply shortage continues’. The RICS revealed that demand for rental properties continued to increase at the national level in the three months to January and projected rents would witness a cumulative increase…
Allen Walkey
Aston Mead says White Paper “will get Britain building again”
Leading land agents Aston Mead have responded positively to this week’s government’s White Paper on housing – the biggest shake-up of housing policy in two generations. In particular, the company approves of the requirement for councils to set aside land for thousands of homes, under new Government targets to allow large scale construction to take…
Christopher Walkey
CML welcomes publication of Housing White Paper
In a press release yesterday 7th February The Council of Mortgage Lenders (CML) welcomed the publication of the housing white paper, they mention looking forward to working with the government on measures seeking to increase the availability, affordability and choice of homes across different tenures. The CML mentions that in the owner-occupied sector, they stand ready to help the…
Allen Walkey