Breaking News
UK housing market not affected by concerns on economy.
The Chancellor of the Exchequer, George Osborne has announced the postponement of the sale of the final stake in Lloyds Banking Group held by the government, he blames global turmoil in the markets and sluggish growth, the UK economy reported growth at the end of 2015 but fears of a global slowdown have seen optimism…
Allen Walkey
Some landlords still holding unprotected deposits.
According to a survey carried out by Centre for Economics and Business Research (CEBR) on behalf of comparison website money.co.uk it states some UK landlords are still not complying with deposit protection rules, the research revealed that figure to be 284,000 of Britain’s 1.9m landlords. These landlords who fail to protect the deposit are leaving…
Allen Walkey
BTL adds to UK property price growth
Some would say that the UK property boom is now bigger than that of the US in 2007 and we all know what happened there, the bubble burst. Mark Carney, Governor of the Bank of England reiterated his concerns about the growth of the Buy-to-Let (BTL) mortgage when speaking to a panel of MP’s on…
Allen Walkey
‘OnTheMarket.com supplies Chestertons with high-quality leads and volume is increasing,’ says agency CEO
Robert Bartlett, CEO of Chestertons and a Non-Executive Director of Agents’ Mutual, comments on OnTheMarket.com as the portal marks its first birthday: At Chestertons, we are proud to have been instrumental in the development, launch and direction of OnTheMarket.com and we have every confidence in its future. After just one year, it has significantly disrupted…
January house price growth steady according to Nationwide.
The Nationwide House Price index for January shows that House prices increased by 0.3%, that is down from 0.8% in December. Annual house price growth was broadly stable at 4.4% down only slightly from 4.5% previous annual change. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The pace of UK house price…
Allen Walkey
Purplebricks in the headlines.
The share price of Purplebricks increased yesterday on the back of the announcement of their interim results and also being named in Bloomberg’s inaugural Business Innovator’s List. Michael Bruce, CEO and Founder of Purplebricks, commented: “We are delighted to have been recognised by Bloomberg as an Innovator in the real estate industry. “Our compelling proposition…
Allen Walkey
0.2% of 100,000 New Homes target met by Government.
When the need for new homes appears to be at a critical level, recent reports in the media shows that only a tiny fraction of what could have been built as in fact resulted in actual new homes. Public land that has been sold by the Government between years of 2011 and 2015 show that…
Christopher Walkey
‘OnTheMarket.com has made significant progress in one year’, says CEO as portal marks first birthday
Ian Springett, Chief Executive of OnTheMarket.com, comments on the portal’s first birthday: Today (Tuesday, Jan 26, 2016) OnTheMarket.com marks its first birthday, having already cemented its position as one of the UK’s leading portals and as a major challenger brand. No other market entrant has made such impressive progress in the property portals market in…
Purplebricks Group announces interim results.
Purplebricks announces its Interim results for the six months ended 31 October 2015. Commenting on the results, Michael Bruce, Chief Executive, said: “We have made great progress across the business in the last six months, culminating in our listing on the AIM market in December. The money raised will be used to deepen our national…
Allen Walkey
Robin Williams wine estate ‘Villa Sorriso’ sold.
Located in the Mayacamas mountains in Napa Valley, a dream setting for wine lovers and indeed an estate with it’s own 7.3 hectares of vines, Alfred and Melanie Tesseron of Château Pontet-Canet have reportedly paid in the region of $22.9 million for the much loved late actor, Robin Williams, ‘Villa Sorriso’. This magnificent property comes…
Christopher Walkey
Right to Buy pilot scheme starts.
As of yesterday Housing Association Tenants will be able to take their first step to owning their own home under government plans to extend Right to Buy according to the press release from the Department for Communities and Local Government. They will be the first in the country to be able apply to the new…
Allen Walkey
Further benefit cuts for the most vulnerable.
It has been claimed that thousands of vulnerable social housing tenants in Britain may lose the residential support services because of government’s benefit cuts which are coming into effect in April. The National Housing Federation, with the backing of Age UK, Mencap and Women’s Aid, is calling on government to confirm that this new cap…
Allen Walkey
Spanish coastal property – Brits are buying again.
Taylor Wimpey and Housebuilder recently released a report stating that one out of every five properties purchased in Spain by a foreigner is done so by a Brit. It is also reported that Taylor Wimpey had a surge of properties sold in Spain last year which showed an increase of over 50% from the previous year….
Christopher Walkey
Help to Buy (Scotland)
The Cabinet Secretary for Social Justice, Communities and Pensioners’ Rights, Mr Neil, launched the Help to Buy (Scotland) Affordable New Build and Help to Buy(Scotland) Smaller Developer schemes on 21st January 2016, the three-year, £195 million scheme will include over £58 million for increased support for purchases from small developers. New funding of around £160m…
Allen Walkey
Cash boost to help tackle rogue landlords
In a press release from the Department of Communities and Local Government and Brandon Lewis from last friday, it was announced a cash boost for councils to tackle rogue landlords. Councils across the country are to receive a £5 million cash boost to tackle rogue landlords in their area, forty-eight councils will share the funding…
Allen Walkey