Breaking News
Nationwide November HPI
Nationwide House Price Index report for November. House prices increased by 0.1% in November up 0.5% from October. Annual house price growth softened to 3.7% from 3.9% in October. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: UK house prices edged up by 0.1% in November, though the annual pace of price growth…
Allen Walkey
Massive housing boost from Persimmon
The Chancellor of the Exchequer George Osborne welcomes the massive housing boost from Persimmon, they have announced to build over 80,000 homes and create 1000 jobs over the next five years. The 1,000 new employees will join Persimmon’s existing 4,500-strong workforce, which in the past year has included 200 young apprentices. The company started work…
Allen Walkey
Waterfords reaction to Autumn Statement
Waterfords reacts to key announcements on housing from the Autumn Statement As chancellor George Osborne’s Autumn Statement unveils the “biggest house-building plan of any Government since the 1970s”, estate agents, Waterfords, says the market needs more short-term solutions, as well as those that build for the future. Is response to news that investors in property…
Allen Walkey
Boost to housebuilding shares
The stock market (FTSE 100) rose yesterday with housebuilding stocks leading the way after Chancellor George Osborne announced measures to support the sector in his joint Autumn Statement and Spending Review, by the end of the session the housebuilding stocks had come off their earlier highs but remained the top risers including Taylor Wimpey, Persimmon…
Allen Walkey
Autumn Statement and Spending Review today.
George Osborne will later today in the combined Autumn Statement and Spending Review set out government spending plans for the next five years, this will include the government’s taxation and deficit reduction plans but should also include new money for house building. The chancellor is expected to pledge almost £7bn to make house building a…
Allen Walkey
Repossessions and Evictions.
The Joseph Rowntree Foundation is an independent organisation working to inspire social change through research, policy and practice. In their annual report posted only this week they reveal the definitive picture of poverty in the UK. The topic from the report we are spotlighting is on housing and specifically on repossessions and evictions. In their…
Allen Walkey
Numbers of new homes rising.
A recent press release from the Department for Communities and Local Government announces that the number of New Homes keeps rising – the highest annual increase since 2008. Greg Clark MP welcomed the latest figures showing the country is building again, with 753,000 new homes provided since 2010. The Communities Secretary said that these figures…
Allen Walkey
Sandfords give their predictions for the London 2016 property market.
Latest official data show that property market growth has continued to cool and regions, particularly London, has been far slower compared to last year. Sandfords, a Central and North West London agent, reports that the slowdown followed the reforms of stamp duty in the Autumn Statement last December. Andrew Ellinas, Director at Sandfords, says: “The…
Christopher Walkey
Letting agents in Wales must publicise fees
As from yesterday the 23rd November 2015,letting agents in Wales will have a new legal obligation under the Consumer Rights Act2015 to publicise their fees. Agents must now display a list of the fees (a) At each of the agent’s premises at which the agentdeals face – to – face with persons using or proposing…
Allen Walkey
Rent Smart Wales now launched
With around one in seven homes in Wales now privately rented, the Welsh Government housing minister Lesley Griffiths today launches the “Rent Smart Wales Scheme”, this scheme is meant to uphold standards in the private rented sector. The aim of the licensing scheme is to improve the image of the private rented sector, all private…
Allen Walkey
Ever increasing rents in London
Labour’s London Assembly housing spokesperson Tom Copley AM has warned that the average rent for a two-bed home in the capital will hit £2,007 a month by January 2020 if rents continue to rise at their current pace, such a rent would mean a single earner in the household would have to earn almost £120,000…
Allen Walkey
Support for OnTheMarket.com exceeds 6,000 agent offices.
The level of overall support for OnTheMarket.com has reached in excess of 6,000 UK estate and letting agent offices. The figure – which consists of contracted members and agents who have signed a Letter of Intent to join OnTheMarket.com when total support reaches 7,500 offices – was achieved less than 10 months after the launch of the portal in…
Christopher Walkey
Average rents fall in October
Rents reached an all time high in September of £816 a month across England and Wales, October saw a small reduction down to £806 a month, just a dip of 1.2%, however rents are still 4.7% higher than a year ago, this is according to Your Move estate agents. Despite the slowdown in rent rises…
Allen Walkey
October UK Cities HPI from Hometrack.
According to Hometrack UK Cities House Price Index (HPI) for October, city level house price inflation is running at 9.4% per annum and is set to reach 10% by year end. Hometrack’s UK Cities Index records annual house price growth of 9.4%, faster than the 7.1% UK wide growth rate. City level house price inflation…
Allen Walkey
British buyers returning to London market
British buyers are returning back in numbers to the London property market while overseas buyers are being put off by higher taxes, Brits now account for well over two thirds of purchases in the capital’s prime post codes, according to a new study by estate agent Marsh & Parsons. The report said overseas buyers have been put…
Allen Walkey