Breaking News
LSL pay £9.1 Million for a percentage of Colchester based Mortgage Company.
I spent a leisurely afternoon last Friday, after the news was made public, with one of the smaller share holders of the very recent LSL deal to purchase 65% of the Colchester based Mortgage First business, and I rejoice with them in the rewards that sticking at a business and within a industry sector for a number…
Christopher Walkey
New regulations Re: Holiday Rentals in Spain
Following years of debate, the Junta de Andalucía (the regional government of Spain) has finally passed Decree 28/2016, this relates to properties that are rented out as tourist accommodation across the region. New regulations will be introduced for property that is used for tourist property rental, owners will be required to register and meet various…
Allen Walkey
Turn round in Home Ownership
According to a press release yesterday from the Department for Communities and Local Government and Brandon Lewis. Figures have shown the success of government initiatives to give hard-working families across the country the chance to realise their ambition of home ownership. New figures show that more than a decade-long decline, starting in 2003, in the…
Allen Walkey
More rent than pay a mortgage in london
New figures just out show that renters in the capital outnumber homeowners for the first time in a more than a decade, government data released yesterday shows that last year 898,000 London households were occupied by private renters. The figures, which provide data from as far back as 2005, show that a decade ago just…
Allen Walkey
Gross lending up year on year.
The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £17.9 billion in January. This is 9% lower than December’s lending total of £19.8 billion, but 21% higher than the £14.8 billion lent in January last year. CML economist Mohammad Jamei reportedly said: “Lending started the year on a positive note. Our monthly…
Allen Walkey
Reapit and raterAgent announce partnership.
Reapit and raterAgent have partnered up to help agents win more business and strengthen their fees by maximising their use of testimonials from their current and past clients. Agents using Reapit’s RPS software will now be able to generate an e-mail to a contact directly from the software requesting a raterAgent review. The free integration…
Christopher Walkey
Brexit Meeting.
The Prime Minister David Cameron heads for Brussels today for a crunch summit of European leaders, the outcome of this meeting will very much decide the next action to be taken regarding the referendum to decide whether Britain remains a member of the EU. European Council president Donald Tusk has also warned there was “no…
Allen Walkey
(ONS) House Price Index December 2015
The Office for National Statistics (ONS) – House Price Index (HPI) released February 2016. Main findings- UK house prices increased by 6.7% in the year to December 2015, down from 7.7% in the year to November 2015. House price annual inflation was 7.3% in England, 1.0% in Wales, -0.2% in Scotland and 1.5% in Northern…
Allen Walkey
Zoopla invests in Leading UK Proptech Start-Ups
Zoopla Property Group Plc (ZPG) the digital media and lead generation platform which owns some of the UK’s leading home-related consumer brands including Zoopla, uSwitch and Primelocation, announced yesterday that it has invested in and agreed long term strategic partnerships with four of the UK’s most-promising and innovative property technology start-up companies. £1m invested across…
Allen Walkey
Confidence in UK Commercial Property Development being at it’s lowest.
Recent survey from Savills point to confidence in UK Commercial Property Development being at it’s lowest since April 2013 – Growing the fears that the European referendum is hitting confidence among developers. There was positive in that January saw an increase in activity of 8.4% compared to 4.5% in December. Fewer new planning consents are…
Christopher Walkey
The Crossrail Effect
New data focused on property close to the Crossrail terminals in London shows that demand has more than doubled in the last year. It is expected that Crossrail services will commence on the central section by late 2018, In all Crossrail will be connecting 40 stations and it is projected that around 200 million passengers will…
Allen Walkey
Fewer conveyancing firms in 2015
According to Search Acumen the total number of active conveyancing firms dropped by 9% in 2015, that equates to more than 500 firms. Conveyancing firms recorded an average of 192 transactions in 2015, compared to 175 transactions in 2014, the increase came despite the overall conveyancing market remaining flat with 1,030,023 transactions in total during…
Allen Walkey
Surge in new homes built and bought.
Help to buy creates surge in new homes built and bought according to Press release yesterday from the Department of Communities and Local Government and Brandon Lewis MP. New research has found 43% additional new homes built as a direct result of Help to Buy equity loan. Key points are: 82% of buyers would not…
Allen Walkey
Rightmove HPI February
The Rightmove House Price Index February 2016 Prices and demand at all – time highs as Year of the First-Time Buyer kicks in. Price of property coming to market increases by a substantial 2.9% (+£8,324) this month, hitting a new record of £299,287 and surpassing the record set in October 2015 by over £2,700 Housing…
Allen Walkey
Northern Ireland to see Greggs opening multiple shops.
Savills who acts on behalf of Greggs is reported to have now confirmed that Greggs, the popular high street bakery chain, is indeed looking to expand it’s services across Northern Ireland. (Though it was reported on the Irish News website that Greggs in fact refused the claims of them looking to expand their services in Northern…
Christopher Walkey