Breaking News
Top performing schools add value to homes.
A news article from Savills yesterday on their website headlined ‘Top Schools add up to 20% to house prices’. They stated in the introduction that: Homes in the vicinity of the top performing independent schools command a 25 per cent over the average for their region, while the clamour for homes close to the best…
Allen Walkey
SIX BRANCH ESTATE AGENCY FIRM JOINS ONTHEMARKET.COM
Andrew Milsom Estate Agents, specialists in sales and lettings in Buckinghamshire and Berkshire, has joined OnTheMarket.com. Established for more than 25 years, Andrew Milsom Estate Agents has a total of six branches. The firm will now be listing all of its properties for sale and to rent at OnTheMarket.com and Rightmove, after removing its properties from…
Impact of Brexit on London Housing Market
Tonight at 7.30pm on BBCOne Inside Out London, Mark Jordan looks at impact of Brexit on the London housing market. The programme presented by Matthew Wright looks at various ways Brexit will affect the future of London. Mark Jordan asks if cash-strapped first-time buyers currently priced out of the market stand to benefit from…
Allen Walkey
Brexit Triggers Drop in Commercial Property Fees
Major property specialist Savills has experienced a serious fall in its income from UK commercial transaction fees across the first half of the year. The drop, representing nearly a quarter of its income from such fees, is being taken as an indication of how much the market has slowed as a result of the EU…
Mark Burns
Fixflow part of trade mission to United States
London Mayor Sadiq Khan will soon be jetting off to the United States on an International trade mission organised by the Mayor’s International Business Programme and London & Partners, a scheme revealed by Khan’s predecessor Boris Johnson in February. Accompanying the Mayor on the seven day trade mission in October will be a 23 strong…
Allen Walkey
TPO launches online survey for UK lettings industry to support the Government’s CMP review
Lettings agents are being invited to take part in a national online survey which launches today (1st September) to support the Government’s review into Client Money Protection (CMP) insurance. The Property Ombudsman scheme (TPO), offered to undertake the UK wide survey following discussions with Baroness Hayter, joint Chair of the DCLG review into CMP. While…
Christopher Walkey
New home registrations up overall reports NHBC
According to the NHBC latest new home registration statistics a total of 41,222 new homes were registered by in Q2 throughout the UK. In the private sector 31,753 new homes were registered, a 6% increase on the 30,086 a year ago. The public and affordable sector was down 13% with 9,469 new homes registered compared…
Allen Walkey
Increasing Housebuilding in England a major challenge
Report released by the Charity Shelter in August headlined ‘Achieving the Ambition’ In summary they mention: It is widely recognised that increasing housebuilding to the level now required is a major challenge. If we are entering a period of economic uncertainty following the vote to leave the EU then that challenge will be magnified. However…
Allen Walkey
Nationwide HPI August
The Nationwide House Price Index (HPI) released today headlines ‘Slight pickup in house price growth in August’ House prices increased by 0.6% in August up from 0.5% in July. Annual house price growth increased to 5.6%, from 5.2% in July. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK house prices increased by…
Allen Walkey
Mortgage approvals at lowest for 18 months
According to figures out yesterday from The Bank of England (BoE) the number of mortgages approved by banks and building societies is at its lowest for 18 months. New mortgages approved in July totalled 60,912 down from 64,512 in June, the lowest total since Januray 2015 and a 12.4% drop in the number of mortgage…
Allen Walkey
Changes to way buy-to-let property will be taxed.
Significant amendments to the Finance Bill slipped in at committee stage set a disturbing precedent of avoiding proper consultation and scrutiny, the Law Society said recently. The changes, which alter the way buy-to-let properties will be taxed, may result in profits from the sale of an investment property becoming liable for income tax rather than…
Allen Walkey
Purplebricks launches downunder.
Purplebricks the UK based online estate agent is now set to launch in Australia, launching in Melbourne and southeast Queensland ahead of a national rollout. The company has already seen rapid growth in the UK with its model, it has booked heavy advertising costs in attracting its client base, this has resulted in losses overall…
Allen Walkey
No Brick shortage is response from The BDA
The Brick Development Association (BDA), representing brick manufacturers in the UK, has responded assertively to what it sees as an “out of date and and unhelpful” report from the Centre for Economics & Business Research for the National Association of Estate Agents which was released yesterday. In a latest news article posted to their website…
Allen Walkey
UK Cities House price Index July
Hometrack today released the UK Cities House Price Index July 2016 headlined ’20 city house price growth starting to slow’. The report begins by stating that the annual rate of house price inflation across the 20 cities has started to slow after 12 successive months of rising house price inflation. more…. City level house price…
Allen Walkey
UK Property Transaction Count July 2016
UK Property Transactions Count July 2016 released this week by HM Revenue and Customs. The provisional seasonally adjusted UK property transaction count for July 2016 was 94,550 residential and 9,820 non-residential transactions. The seasonally adjusted estimate of the number of residential property transactions decreased by 0.9% between June 2016 and July 2016. This month’s seasonally…
Allen Walkey