Breaking News
LSL Property Services AGM yesterday
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, held its Annual General Meeting (AGM) yesterday in London. Market Backdrop as included in their AGM statement Market volumes, as measured by Bank of England Total Mortgage and Total House Purchase Approvals, have increased significantly in the…
Allen Walkey
LEADING INDUSTRY BODIES TO DISCUSS FUTURE OF BUY-TO-LET.
On Friday 29 April, the National Landlords Association (NLA) will be holding a roundtable discussion with leading organisations in the private rented sector (PRS) to discuss and outline policies aimed at improving the sector. Spokespeople in attendance will include representatives and stakeholders from the British Property Federation, Department for Communities and Local Government, the Council…
Christopher Walkey
House Price Index March – Land Registry
Latest monthly House Price Index March for England and Wales released today by the Land Registry. The March data shows a monthly price decrease of 0.5 per cent. The annual price change now stands at 6.7 per cent, bringing the average house price in England and Wales to £189,901. The number of property transactions has…
Allen Walkey
Nationwide HPI April
According to the Nationwide House Price Index (HPI) April report released today, the annual pace of house price growth moderates in April. House prices increased by 0.25% in April, down from the 0.7% in March. Annual house price growth slows to 4.9%, down from 5.7% in March. Commenting on the figures, Robert Gardner, Nationwide’s Chief…
Allen Walkey
Strong start to the year for Foxtons
Foxtons plc, London’s leading estate agency, issued today its trading update for the quarter ended 31 March 2016. Total group revenue for the quarter was £38.4m, up 16.2% compared with the first quarter last year. Lettings revenue was flat on prior year as tenants continued to renew existing tenancies and enter into longer tenancy periods….
Allen Walkey
BTL Index report from Your Move and Reeds Rains
According to the latest Buy-to-Let Index report from Your Move and Reeds Rains, Flurry of buy-to-let property interest in March pushes total annual returns to 12.2% for existing landlords. Across England & Wales rent rises average 3.0% over the last year, to now stand at £791 per month. Midlands powerhouse pushes record rents, reaching £597…
Allen Walkey
Mortgage approvals in March are up.
The British Bankers Association today released March 2016 figures for the High Street Banks. Gross mortgage borrowing of £17.1 billion in March was 64% higher than a year ago and the highest borrowing since April 2008 following a reported sharp increase in purchase of buy-to-let and second homes, ahead of the increase in stamp duty on…
Allen Walkey
European loan to help build social housing
Those who are pushing to remain in the EU must be pleased with the timing of the recent announcement by the European Union’s investment arm who are lending Britain 1 billion pounds to help build social housing, however a spokesman for the vote leave campaign reportedly said “It seems like some in Luxembourg think they can buy…
Allen Walkey
Elections and referendum causing uncertainty
Only just last week we had the Hometrack cities House Price Index for March 2016 telling us that City level house prices at highest quarterly growth for 12 years, in the report this was put down to seasonal upturn being boosted by investors rushing to beat the stamp duty deadline. The outlook from here on…
Allen Walkey
Hometrack Cities HPI March
The Hometrack Cities House Price Index for March 2016 released at the end of last week reported that City level house prices at highest quarterly growth for 12 years. City house price growth in 2016Q1 was 4.2%, the highest for 12 years as the seasonal upturn in demand was boosted by investors rushing to beat…
Allen Walkey
High London house prices getting cut.
High value London property prices appear to be cooling down, recent research reveals that up to 40pc of houses for sale in some areas of the capital have had to cut their asking prices since coming to market, the price cuts are mainly in the centre, west and south-west of the city. The brakes may be…
Allen Walkey
Agents run for Charity in London Marathon
Here we are again, London Marathon this Sunday and as usual so many agents get involved in this event for the sake of their chosen charities. I have just picked a few at random who I would like to mention on here: Charles Thursfield of Harveys Estate Agents is running the London Marathon this weekend…
Allen Walkey
Lords vote on changes re social housing tenants
On Monday the House of Lords considered changes that would see social housing tenants charged market rates once a household earns over £30,000, this threshold would be more than £40,000 in London. The Lords reportedly voted 240 to 176 for allowing local authorities to decide whether or not to charge an increased rent for those…
Allen Walkey
UK Property Transactions March 2016
UK Property Transactions March 2016 released yesterday by HM Revenue and Customs. The provisional seasonally adjusted UK property transaction count for March 2016 was 165,480 residential and 9,830 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions increased by 41.5% between February 2016 and March 2016. This month’s seasonally adjusted…
Allen Walkey
Indian Property Show at Olympia
The Indian Property Show arrives in London this weekend at Olympia, India continues to encourage growing foreign investment. In a recent BBC documentary ‘The Real Marigold Hotel’ it followed a group of celebraties who made temporary home in Jaipur, in one of the episodes we watched them looking at buying or renting a property from…
Allen Walkey