Breaking News
House price growth slows
There appears to a slowing down in the pace of house price growth in London and UK, except for Northern Ireland and the south west. The new data released by the Office of National Statistics showed that the annual rate of house price growth in London dropped from 11.2pc in the 12 months to March…
Allen Walkey
Most tenants satisfied with landlords
According to research commissioned by Paragon Mortgages approx 80% of tenants living in the Private Rented Centre are satisfied with their landlords, the research was carried out during the first quarter of the year by BDRC Continental. The researchers asked 500 tenants living in the PRS for their views on both their current tenancy and…
Allen Walkey
Last time buyers
A new research study commissioned by Legal and General and released earlier this month has quantified the size of Great Britain’s “Last Time Buyer” (LTB) market for the first time. The study found that there are 3.3 million last time buyer households across Great Britain, with a combined 7.7m spare bedrooms – equivalent to 2.6 million three…
Allen Walkey
NAEA Housing Market Report
The National Association of Estate Agents have released their Housing Market Report for April, in the report it confirms that approximately a quarter of sales were made to first time buyers, that is good news, however 74% of estate agents do not see supply and demand levelling out over the next 5 years, 92% of…
Allen Walkey
Hunters Expansion and Market Listing
Hunters the estate agents are expected to list on the alternative investment market (aim junior market) at the end of the month, that should signal the start of an aggressive expansion plan which should see the franchise network to increase to more than 500 branches in 3 years. The company founded in 1992 is expecting…
Allen Walkey
Asking prices set new records.
Asking prices across England and Wales are setting new highs, particularly in the south of England and the Midlands this month according to the property website Rightmove. The average property on the market this month has a price tag of £294,351, this new high is £8,218 more than a previous record set in April, adding…
Allen Walkey
Increase in stamp duty
The latest research from Lloyds Bank shows the Stamp Duty revenue raised in England and Wales increased by an estimated £1.5 billion to £7.7 billion in the year to March 2015, this exceeds the £6.2 billion in the year to March 2008 at the peak of the last housing boom. A higher number of residential property…
Allen Walkey
Foxtons to remove spikes.
Foxtons are set to remove anti-homeless spikes from outside a West End branch of their estate agents after a change.org petition achieved 20,000 signatures, the petition was set up by Zahira Patel after noticing similar spikes outside the Holborn branch of Foxtons. As spokesperson from Foxtons reportedly said ‘We understand that the studs outside our…
Allen Walkey
Bristol and Reading quickest sales
According to estateagent4me, a performance-based estate agent comparison service, Bristol and Reading had the quickest sales across England, with an average of 26 days, that is 29 days faster than the UK average of 55 days. The slowest region was Liverpool, with 85 days. Estateagent4me.co.uk claims to identify the country’s best-performing agents based on specific…
Allen Walkey
Further rise in house prices to come
The Royal Institution of Chartered Surveyors said its monthly index — which measures members’ expectations for house prices over the next three months — rose to +34 in May from +32 in April, broadly in line with economists’ forecasts, this takes the index to its highest level since August 2014. RICS said the number of…
Allen Walkey
Homes in Multiple Occupation
The HMO market could become the rental option of choice especially for the younger professional tenants, there are various benefits to starting out renting this way. Initially the tenant will be paying less in rent and charges which will allow them to save for their deposit for their first home earlier, average first time buyer…
Allen Walkey
Final date for deposit scheme protection
The date is fast approaching when Landlords must comply to the new law in relation to tenancy deposit schemes, the date for the diary is 23rd June. Any landlord holding a deposit taken prior to the 6th April 2007 which has not been protected by the 23rd June under one of the Tenancy Deposit Schemes…
Allen Walkey
Well known landlords decide to sell.
Fergus and Judith Wilson are without doubt a true success story when it comes to Buy-to-Let investing, I can rememeber back quite sometime when I read a report in one of the main stream newspapers describing how the former maths teachers recognized that the buy-to let market at the time was a matter of simple…
Allen Walkey
New Estate Agent ranking website
Following closely on the heels of rateragent.co.uk comes the latest Estate Agent ranking website www.Estateagent4me.co.uk launched by USL Technology. Established in 2003, ULS develops and operates web based comparison platforms for mortgage brokers, solicitors, estate agents, lenders, network associations and customers. These solutions can help consumers source legal, financial and property services whilst assisting intermediaries…
Allen Walkey
Fall in conveyancing transactions
A Conveyancing Market Tracker survey by Search Acumen which is based on data from the Land Registry, found that a continuing decline in conveyancing firm numbers was based on a “long-term trend of firms disappearing at the lower end of the market”. It revealed that of the 153 firms which ceased to be active, 129…
Allen Walkey