Breaking News
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
£1.26 million for garden in Primrose Hill
Small garden just 20 metres square sells for £1.26 million plus £68,750 in stamp duty in Primrose Hill, North London and it does not have planning permission. The small plot went up for sale by auction at a guide price of £100,000 – £150,000. Gary Murphy from Allsops reportedly said “that this was one the…
Allen Walkey
June 2015 land registry transaction data
Data providing information about the number and types of applications that Land Registry completed in June 2015 released by Gov.UK 21st July Land Registry completes 1,521,327 applications South East tops the table of regional applications with 348,139 Birmingham tops the table of local authority applications with 23,755 The Transaction Data shows Land Registry completed over…
Allen Walkey
Housing associations failing to build homes
David Orr, Chief executive of the National Housing Federation recently said, ‘The election didn’t make any difference to the underlying fact that we hadn’t built enough new homes,’ ‘We had not focused sufficiently on regeneration; unless we start doing both of these things very quickly we will not be able to house our children.’ Housing…
Allen Walkey
Agent helps landlords prepare for the latest fire safety regulations.
Townends Estate Agents is urging landlords to implement new fire regulations now to ensure they are compliant before the new legislation, relating to smoke and carbon monoxide alarms, comes into force on 10th October 2015. Townends’ Home Safety Kits, which go beyond basic requirements, give landlords the reassurance they are fully compliant, avoiding a heavy…
Christopher Walkey
House prices rising faster than income?
According to the Centre of Economics and Business Research the affect of the shortage of homes available will cause house prices to rise faster than income this year. The CEBR see house prices this year rising by 4.7%, that is in contrast to the figures given out in March when they set the forecast at…
Allen Walkey
Have a Go Hero Holly Chases off Mugger.
An estate agency employee has been praised by police in Pinner after her brave response to witnessing an elderly woman being mugged. Holly Pendred, 25, works for Gibbs Gillespie, in Pinner, Middlesex and was leaving her office at around 7pm on Tuesday 15th (July) when she saw what she thought was two people fighting. Holly…
Set back for right to buy
The House of Lords yesterday voted in favour of a crossbench ammendment to the Charities bill that could see Government plans to extend the right to buy to housing association tenants being scuppered. This is definately a seback for the Tory government who made clear their plans in the election party manifesto, even though the…
Allen Walkey