Breaking News
Population growth to support house prices.
Recent reports show that house prices continue to rise across the UK, as much as the experts continue to talk down the UK property market it seems demand is on the whole still increasing, the rate of growth in UK house prices is now at a six-month high. Any talk of a housing bubble being…
Allen Walkey
Predicted house price rises over next 5 years
According to a report out last week in one of the main stream newspapers the average house price in the UK will rise by 25% over the next five years to more than £320,000, this is a revised prediction by the Centre for Economics and Business Research, one of the country’s most respected forecasters. This…
Allen Walkey
New homes market bouyant reports NHBC
New home registration statistics for the UK fell marginally by 2% during Q3 when compared to the same period last year, according to new figures released yesterday by NHBC. Housing Industry experts attribute the drop in public sector registrations to the fact that many housing associations are holding back on developments in light of welfare…
Allen Walkey
Decline in mortgage approvals for September
Official figures released yesterday show mortgage approvals declined for the first time in four months in September. According to data published by the Bank of England, mortgage approvals for house purchases declined from 70,664 to 68,874 last month, compared with analysts’ expectations for a 72,500 reading. Overall lending rose at its fastest rate since December…
Allen Walkey
Nationwide HPI October
According to The Nationwide House Price Index (HPI) house prices in October in England and Wales increased by 0.6%. Annual house price growth in October moved up to 3.9% . Commenting on the figures, Robert Gardner, Nationwides Chief Economists, said “UK house prices increased by 0.6% in October, with the annual pace of price growth…
Allen Walkey
Market trend data for September
Land Registry monthly market trend data for residential property prices in England and Wales. The September data shows an annual price increase of 5.3 per cent which takes the average property value in England and Wales to £186,553. Monthly house prices up 1.0 per cent since August 2015. The regional data indicates that: The region…
Allen Walkey
Housing costs in Capital causing poverty.
According to a report by New Policy Institute it found that 27% of Londoners live in poverty compared to 20% in the rest of England, the key driver of this poverty is the cost of housing in the capital. The lack of affordable housing has forced many low-income households into private renting, rents in London…
Allen Walkey
HCA Housing Market Bulletin October
The Homes and Communities Agency Bulletin for October 2015. National average house price increases have slowed but still remain higher than both retail price inflation and average wage inflation. The seasonally adjusted trend in the number of home sales has generally been upwards in 2015, and total mortgage lending continues to increase. Commercial and infrastructure…
Allen Walkey
Tenant demand growing
According to research carried out by The National Landlords Association it shows tenant demand remains strong, with four in 10 landlords reporting an increase in the areas where they operate. They stated that tenant demand continues to be largely seen as either stable or increasing in the areas where they operate in the last three…
Allen Walkey
NAEA September Housing Market Report
House sales to first time buyers accounted for 29% of total sales in September, compared to 20% in August, a rise of nine percentage points from last month that is the highest since May this year. The number of house-hunters searching for properties dropped this month The number of properties available to buy at each…
Allen Walkey
BBA figures reports rise in re-mortgaging
According to the latest BBA figures, mortgage approvals in September rose by 24% compared to last year, with remortgaging up 40% and house purchase up 14%. First-time buyers continue to find good deals available while existing borrowers are switching to lower fixed rates to control their mortgage costs. Gross mortgage borrowing in September was £12.1…
Allen Walkey
Countrywide “Building our Future”
Countrywide plc is the UK’s largest integrated property services group, they announced last week that they have made a series of Managing Director and Director level appointments within their Retail and London business units. The appointments cover both the wider UK retail team and Countrywide’s London business unit and are part of the ongoing implementation…
Allen Walkey
Fall in sales of million pound homes
According to the latest research from Lloyds Bank sales of properties worth at least a million pounds have fallen in the first half of 2015. Sales are down by 11% compared to the same period in 2014 that is from from 6,303 to 5,599, this is in stark contrast to the 46% increase seen in…
Allen Walkey
Additional powers to control BTL mortgage market
Mark Carney the Governor of The Bank of England (BOE) has for some time now been making the point that the UK buy-to-let mortage market poses a threat to Britain’s economic recovery, at present certain controls exist for the residential mortgage market that do not for the Buy-To-Let (BTL) mortgage market. The Governor of the…
Allen Walkey
No change of use for London Pub.
An historic south London pub that was named the Elephant and Castle will now not become a Branch of Foxtons the Estate Agents, the pub was closed down earlier in the year due to a violent incident, squatters moved in shortly afterwards. EstateAgentNetworking previously reported that Foxtons had submitted an application to Southwark Council to…
Allen Walkey