Breaking News
Property Transactions likely to slowdown.
The outlook for the UK property market according to certain analysts is looking somewhat unpredictable at present, mainly due to the uncertainty surrounding the EU referendum vote set for 23rd June. Most recent polls give the “Remain” a lead over the “Leave”, however it is close and with a fair number of undecided voters it…
Allen Walkey
The Race for London Mayor
The 2016 London Mayoral election will be held on 5th May to elect the new Mayor of London, the London assembly election will take place on the same day. The are twelve candidates presently contesting to become London mayor and succeed Boris Johnson, the two candidates at the head of the contest according to the…
Allen Walkey
Dubai Property Show in London
The Dubai Property Show takes place in London between 13th and 15th May at Olympia West. Brits are reportedly now the second largest group of investors in Dubai’s property, with UK investment almost doubling in three years. Appartments account for 77% of purchases according to Sultan Al Suwaidi, Partner at Sumansa Exhibitions, which is organising…
Allen Walkey
Press Release: Rayner Personnel Franchise Expansion
With the continued growth of the Rayner Personnel group and the steady evolution of its franchising arm comes the news that Guy and Pascale Hodge are taking on the franchise for the South East of England. Both are familiar faces in the property world. Guy has been in the residential property sector for over 35…
Christopher Walkey
North East house prices fall £7000 in one month
North East house prices fall £7000 in one month Regional house prices fall 4% in four weeks – more than wiping out March’s record rise. Prices fall 6.2% in Jarrow and 6.1% in Whitley Bay. Property values remain 1% higher than April 2015 and 3% above April 2014. Average rent rises £14 to £566pcm,…
Number of Empty Homes at its Lowest
Figures released by the Government yesterday shows that the number of empty homes is now at its lowest level since records began. A Housing statistical release by The Department for Communities and Local Government on Dwelling Stock Estimates 2015 England. There were 23.5 million dwellings in England at 31 March 2015, an increase of 171,000…
Allen Walkey
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