Breaking News
Purplebricks in the headlines.
The share price of Purplebricks increased yesterday on the back of the announcement of their interim results and also being named in Bloomberg’s inaugural Business Innovator’s List. Michael Bruce, CEO and Founder of Purplebricks, commented: “We are delighted to have been recognised by Bloomberg as an Innovator in the real estate industry. “Our compelling proposition…
Allen Walkey
0.2% of 100,000 New Homes target met by Government.
When the need for new homes appears to be at a critical level, recent reports in the media shows that only a tiny fraction of what could have been built as in fact resulted in actual new homes. Public land that has been sold by the Government between years of 2011 and 2015 show that…
Christopher Walkey
‘OnTheMarket.com has made significant progress in one year’, says CEO as portal marks first birthday
Ian Springett, Chief Executive of OnTheMarket.com, comments on the portal’s first birthday: Today (Tuesday, Jan 26, 2016) OnTheMarket.com marks its first birthday, having already cemented its position as one of the UK’s leading portals and as a major challenger brand. No other market entrant has made such impressive progress in the property portals market in…
Purplebricks Group announces interim results.
Purplebricks announces its Interim results for the six months ended 31 October 2015. Commenting on the results, Michael Bruce, Chief Executive, said: “We have made great progress across the business in the last six months, culminating in our listing on the AIM market in December. The money raised will be used to deepen our national…
Allen Walkey
Robin Williams wine estate ‘Villa Sorriso’ sold.
Located in the Mayacamas mountains in Napa Valley, a dream setting for wine lovers and indeed an estate with it’s own 7.3 hectares of vines, Alfred and Melanie Tesseron of Château Pontet-Canet have reportedly paid in the region of $22.9 million for the much loved late actor, Robin Williams, ‘Villa Sorriso’. This magnificent property comes…
Christopher Walkey
Right to Buy pilot scheme starts.
As of yesterday Housing Association Tenants will be able to take their first step to owning their own home under government plans to extend Right to Buy according to the press release from the Department for Communities and Local Government. They will be the first in the country to be able apply to the new…
Allen Walkey
Further benefit cuts for the most vulnerable.
It has been claimed that thousands of vulnerable social housing tenants in Britain may lose the residential support services because of government’s benefit cuts which are coming into effect in April. The National Housing Federation, with the backing of Age UK, Mencap and Women’s Aid, is calling on government to confirm that this new cap…
Allen Walkey
Spanish coastal property – Brits are buying again.
Taylor Wimpey and Housebuilder recently released a report stating that one out of every five properties purchased in Spain by a foreigner is done so by a Brit. It is also reported that Taylor Wimpey had a surge of properties sold in Spain last year which showed an increase of over 50% from the previous year….
Christopher Walkey
Help to Buy (Scotland)
The Cabinet Secretary for Social Justice, Communities and Pensioners’ Rights, Mr Neil, launched the Help to Buy (Scotland) Affordable New Build and Help to Buy(Scotland) Smaller Developer schemes on 21st January 2016, the three-year, £195 million scheme will include over £58 million for increased support for purchases from small developers. New funding of around £160m…
Allen Walkey
Cash boost to help tackle rogue landlords
In a press release from the Department of Communities and Local Government and Brandon Lewis from last friday, it was announced a cash boost for councils to tackle rogue landlords. Councils across the country are to receive a £5 million cash boost to tackle rogue landlords in their area, forty-eight councils will share the funding…
Allen Walkey
Pakistan’s real estate portal raises $20-million.
Zameen.com, Pakistan’s fast growing property portal, closed its third round of funding with a $20-million amount invested from one of its current investors Their aim is to ge Pakinstan’s biggest property portal. Zameen.com CEO, Zeeshan Ali Khan, is reported to have said “With this incoming investment we aim to own the Pakinistani real estate space completely.” Only…
Christopher Walkey
Pressure on House prices and Rents continues.
According to a report by Your Move and Reeds Rains tenants faced the fastest rise in monthly rent bills since 2011 last year, in their monthly index it showed that rents grew by 3.4% during the year, rising £27 on December 2014 to an average £794 per month, also the percentage of all unpaid rent had…
Allen Walkey
December house price growth accelerates
According to the Hometrack December UK Cities House Price Index, City level house price growth accelerates to 15 month high on unseasonally strong market activity. City level house price inflation was showing at 11.4%, that was up from 8.9% a year earlier. House price growth across UK cities continues to accelerate on rising demand, both…
Allen Walkey
Continued crackdown on “Rogue Landlords”
Bradford Council has been granted £45,000 by the Department of Communities of Local Government (DCLG) according to a report in the Telegraph and Argus, to continue with its campaign to crackdown on Rogue Landlords offering below standard accommodation (slums), mainly flats above shops and businesses such as takeaways, In a previous report in the Telegraph…
Allen Walkey
Recovery in housing market in Europe.
Spain, Portugal and Ireland seem to be leading the recovery in the European Property market according to a recent report from the RICS (Europe) that explored the recent improvment in conditions and new trends for this market for 2016 and beyond. Attention by International Investors on the back of the relatively strong recovery in all…
Allen Walkey