Breaking News
ARLA campaigning for balanced legislative solution over letting agent fees.
The Association of Residential Letting Agents (ARLA) has announced that it is reiterating its call to Government to ban upfront letting agent fees at the start of a tenancy and instead spread the cost across the first six months of a rental agreement. ARLA opposes a full ban on fees but calls for them to…
Allen Walkey
Zoopla Property Group agrees to aquire Hometrack for £120 million
Zoopla Property Group Plc (ZPG) has announced that it has agreed to acquire Hometrack.co.uk Limited, the UK’s leading provider of residential property market insights and analytics, for £120 million on a cash-free, debt-free basis. ZPG is already owner of some of the UK’s most trusted digital platforms including Zoopla, uSwitch, PrimeLocation and Property Software Group,…
Allen Walkey
Business growth leads to head office move for Badger Holdings
Following a period of sustained growth, Badger Holdings Limited, parent company to Townends and Regents Estate Agents, Tyser Greenwood Surveyors, dot financial services and INEX Property Solutions, will be relocating its headquarters to offices in Byfleet, Surrey. As of the 1st February, Badger Holdings head office will reside in new and larger premises. They will…
EAN Content
Over 87,600 land and property sales lodged for registration in December 2016
Press release yesterday 30th January on Gov.uk website from Land Registry ‘December 2016 Price Paid Data’. Land Registry Price Paid Data tracks land and property sales in England and Wales submitted to them for registration. The December Price Paid Data includes details of the 87,678 sales lodged for registration, residential and commercial land and property…
Allen Walkey
Residential development in Scotland is set for five years of growth says JLL
News release yesterday 30th January from JLL, UK’s leading property consultancy headlined, ‘Scottish house price and rental growth in the shadow of Brexit’ According to new research by JLL, residential development in Scotland is set for five years of growth with demand for homes continuing to outpace supply. Neil Chegwidden, JLL residential research said: “The…
Allen Walkey
Purplebricks announce record level of valuations and instructions in January
Purplebricks Group PLC have today provided additional comment further to its announcement of 27 January 2017 in which they noted the recent strong increase in their share price, they confirmed at the time that they were not aware of any reason for the movement. In todays announcement the Board confirms that, as expected with the…
Allen Walkey
Mortage Advice Bureau remain confident about continued growth in adviser numbers
Mortgage Advice Bureau (Holdings) plc , one of the UK’s leading networks for mortgage intermediaries, issued Friday 27th January a pre-close trading update for the year ended 31 December 2016, ahead of publishing its final results announcement on Tuesday, 28 March 2017. Peter Brodnicki, CEO of Mortgage Advice Bureau (Holdings) plc, said: “Despite the uncertainty…
Allen Walkey
CIELA laying down the rules – Corporate Estate Agents are out!
Discussions with independent agents in relation to their frustrations with existing industry bodies have produced one point of view stronger than all others: Corporate agents manage to infiltrate and take over every organisation in the industry, drowning out the voice and interests of smaller agents, even though those corporates represent the minority of members. The…
EAN Content
An increase in gross mortgage lending of 12% for 2016 on previous year
The Council of Mortgage Lenders (CML) yesterday reported in a press release that they estimated that gross mortgage lending reached £20.4 billion in December. The CML mentions that the estimated gross mortgage lending total for the year 2016 is £246 billion, a 12% increase on the previous year of £220 billion and the highest annual…
Allen Walkey
Over 100 estate agency branches return in past 3 months says ZPG
Zoopla Property Group (ZPG), reported yesterday that over the last 3 months alone over 100 estate agency branches have returned to advertising on its websites, that brings the total number of branches that have left to join OnTheMarket (OTM) and have subsequently returned to ZPG to over 700. ZPG has also reported an increase in…
Allen Walkey
Overall borrowing rose in December 2016 says BBA
The British Banker’s Association (BBA) today published figures for the High Street Banks for December 2016. They mention in the news report that: Overall borrowing rose in December 2016. House purchase approval numbers were slightly higher than in December 2015 but in 2016 as a whole were 4.1% lower than in 2015. Remortgaging approvals were…
Allen Walkey
Highest number of December sales to FTB’s since 2001 says NAEA
The National Association of Estate Agents (NAEA) have released their Monthly UK Housing Market report for December 2016. In the report they state: Number of prospective buyers registered per branch last month was the highest in 13 years for the month of December and record December sales to first time buyers (FTBs) since 2001….
Allen Walkey
Homemover numbers fall in 2016 for first time in 5 years
According to the latest Lloyds Bank Homemover Review released this month, the number of people moving home has fallen for the first time in five years. In 2016 the average house price paid by homemovers increased by 7%, from £273,510 in 2015, to a record high of £291,777. Over the past decade there has been…
Allen Walkey
Southwark Council cracks down on Estate Agents leaving boards out too long.
Southwark Council has put out a warning to estate agents that by leaving advertising boards out too long that they now face fines of up to £100 a time. The council has made the decision to implement legal powers that allow it to issue fixed penalty notices (FPNs) for boards that advertise properties for sale…
Allen Walkey
UK Property Transaction Count – December 2016
UK Property Transaction Statistics released yesterday 24th January on the Gov.uk website. Monthly property transactions completed in the UK with value of £40,000 or above. UK Property Transaction Count – December 2016. The seasonally adjusted estimate of the number of residential property transactions increased by 0.2% between November 2016 and December 2016. This month’s seasonally…
Allen Walkey