Breaking News
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…
Alex Evans
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
Canary Wharf office space in demand.
According to a report from Knight Frank, Canary Wharf will record the strongest office rental growth this year with a 12.8 per cent rise in rents, those attractive and imposing office towers lagged slightly behind other districts last year. Rents are becoming increasingly unaffordable for small to medium-sized firms in London’s popular east end and on …
Allen Walkey
The Property Ombudsman takes on the removals & storage sector following new agreement with UK’s largest trade association
A new Service Level Agreement (SLA) between the UK’s largest government-approved property redress scheme, The Property Ombudsman (TPO), and The British Association of Removers (BAR) has been announced. The new agreement entitles all 420 BAR-registered firms to automatically gain TPO membership, which will enable TPO to help more home movers resolve their complaints through the…
Christopher Walkey
Purchasers of US Investment Property – Indians now 3rd.
Many will know the surge in Indian wealth, news stories like them now being the 11th largest super-rich population or that the wealth of India’s super rich is likely to double by 2020 adds to the now un-surprising news that they are now the 3rd highest purchase of US Property. Behind Canada being first and…
Christopher Walkey
Interest rates to continue at low levels
Last month Mark Carney, Governor of the Bank of England said the global financial backdrop was ‘unforgiving’ as he insisted that ‘now is not yet the time’ to raise interest rates in the UK. As it publishes new economic forecasts with concern growing about a new global slowdown and an unsettling referendum on Britain’s place…
Allen Walkey
INDEPENDENT AGENT BERESFORD RESIDENTIAL CONSOLIDATES LEADING POSITION IN SUCCESSFUL TAKEOVER DEAL
Beresford Residential are pleased to announce that from February 2016 they will be taking over the lettings and management portfolio of XanderMatthew Limited. Established in 2011, XanderMatthew are a highly regarded Estate Agent serving Brixton, Clapham and the surrounding areas. During the past five years XanderMatthew have let, managed and sold property for hundreds of…
Housing Market Bulletin January 2016
The housing market bulletin for January 2016 provided by The Homes and Communities Agency is a report re the latest information on the housing market, the economy and the housebuilding industry in England. House prices: Average house price growth has now returned to all English regions, but prices continue to rise most rapidly in…
Allen Walkey
Barking and Dagenham Council has vowed to root out “exploitative landlords”.
A series of morning raids were carried out across the borough of Barking and Dagenham in further attempts to catch out a growing list of ‘rogue landlords’ who are exploiting the current housing shortage across London. A total of seventeen people were found crammed within one single three bedroom property. In total, the raids reported that…
Christopher Walkey
Legal challenge to government over buy-to-let tax
According to a recent article in The Telegraph, Cherie Blair the wife of the former Labour MP and UK Prime Minister Tony Blair is mounting a challenge to the government’s proposed buy-to-let tax. Cherie Blair QC has reportedly launched a legal battle against the Government’s flagship policy to increase taxes on buy-to-let investments, claiming it…
Allen Walkey