Breaking News
Greater transparency to fight fraud.
David Cameron has announced new measures designed to end the use of offshore companies to diguise the purchase of high value UK property with “laundered money,” he was reported as saying that more than 100,000 property titles worth £122 billion are currently registered to offshore companies. His speech followed closely on from the recent report…
Allen Walkey
Countrywide half yearly results
Countrywide PLC interim results posted today: Group income grew to £338.6 million, however, a difficult UK housing market led to £41.0 million of EBITDA versus £45.0 million in the same period last year. Grenville Turner, Chairman at Countrywide plc, commented: “While we remain cautious, we are also optimistic as our broad-based business with diversified revenue…
Allen Walkey
Foxtons half yearly results
Foxtons yesterday: Lower property sales revenue and higher costs saw real estate Foxtons Group post a decline in first half profit. Group revenue of £71.1m down 2.3% vs. H1 2014. However encouraging performance and positive signs for second half of the year. Nic Budden, CEO, commenting on statement: “Despite challenging market conditions, Foxtons has delivered…
Allen Walkey
Future of Housing Associations
The Communities and Local Government (CLG) Committee is to investigate the viability and sustainability of the Housing Associations, the inquiry will have a particular focus on the proposed extension of the right to buy and how this, and a number of other recently announced government measures, may impact on the ability of housing associations to…
Allen Walkey
Taylor Wimpey pre-tax profits up 33%
Along with Rightmove who we had as a “Breaking News” item yesterday another major property industry company posted their half yearly results on wednesday, showing a strong 2015 first half performance with pre-tax profits up 33%. Chief Executive Pete Redfern, commented,”We have used the opportunity of a stable and positive housing market to make significant…
Allen Walkey
Fixflo Webinar Wednesday 5th August 2015! Book your spot ASAP!
Fixflo, leading online repair-report system, will be having their very first webinar on Wednesday 5th August. To book your place, simply visit the following link: http://www.fixflo.com/webinar/home?utm_content=buffer02d25&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer Estate / Letting Agents across the country are choosing Fixflo for their online property management needs with now over 1,000 using their highly recommended report system. For a 14 day FREE TRIAL…
Christopher Walkey
Equity release increasingly popular
A rapidly growing elderly population, house prices continuing to soar and shifting attitudes among the next generation of retirees will ensure the popularity of equity release, this is the view of advisors in the industry and some 94 per cent of them expect equity release lending to match or even exceed the record year of…
Allen Walkey
Rightmove half yearly figures
Rightmove released their half yearly figures this morning to June 30th 2015. The financial highlights were that revenue was up 16% with growth achieved across all business areas, underlying operating profit was up 18% and that an interim dividend increased by 3p to 16p The operational highlights were that Agency and New Homes customers were…
Allen Walkey
Landlord Action commissioned for second series of ‘Nightmare Tenants, Slum Landlords’
Channel Five bosses have agreed the eye-opening first series of ‘Nightmare Tenants, Slum Landlords’ has only scratched the surface of the issues faced when the relationships between landlords and tenants break down. With the last episode in the current series due to air on Wednesday 29th July, a second series featuring Landlord Action has been…
Christopher Walkey
Overseas property agents looking to revival of market
Maybe better times can be expected by agents dealing in overseas property especially in Europe where the Euro has depreciated enormously over the last couple of years, that combined with much lower prices than those reached at the height of the boom years makes property prices extremely attractive. Spain still appears to be the leading…
Allen Walkey
House prices and shortages affect FTB’s
First time buyers are again the ones being hit the most by the recent exagerated house price rises, recent research by Haart the estate agent shows that the average price of a first-time buyer home increased £4,150 in June , that is £12,000 over the last 12 months. Not only are house prices flying at…
Allen Walkey
Property market attracts laundered money.
A story that seems to have had its fair share of publicity over the last weekend is that of criminals buying into the London property market with money gained from illegal activities, this was highlighted by the National Crime Agency (NCA) This type of money laundering is one of a number of factors that is…
Allen Walkey
Moody’s remarks on interest rates
Moody’s who provide credit ratings and research covering debt instruments and securities said that the majority of British homeowners would be little affected by a moderate rise in interest rates, a rise of 1% would only affect about 1% of borrowers in that they would find it difficult to meet their mortgage repayments and living…
Allen Walkey
Zoopla report strong regional house price growth
The average house price increased in value by £6,974 between January and the beginning of July according to the property website Zoopla. Strong prices were recorded across the country, some regions seeing stronger price growth than that of London so far this year. House prices across Britain are estimated by Zoopla to have increased by…
Allen Walkey
More landlords forfeiting rent arrears
It appears it is increasingly more to the landlords avantage to forfeit the rent owed in the case of an eviction of a tenant than it is to chase that money through the courts. Landlords simply do not have the time to go through the potentially lengthy process of recovering unpaid rent, it has been…
Allen Walkey