Breaking News
Why we are confident our latest Letter of Intent programme will accelerate our growth towards the ‘Tipping Point’.
In less than 10 months after we launched, we announced that OnTheMarket.com had the total support of well over 6,000 estate and letting agent offices of which over 90% are contracted offices. The balance is offices which are covered by a non-binding Letter of Intent to join when total support reaches 7500 offices. This number will be…
Christopher Walkey
Housing Market Bulletin for November
The Homes and Communities Agency yesterday released their Housing Market Bulletin for November. In summary they reported the following: House prices: Steady national average price increases disguise shifting regional trends. Average rises in the southern regions remain strongest but have eased, whilst growth has returned to all other regions’ average price levels. Housing market: The…
Allen Walkey
New Housing Development with football connection
Newlon Housing Trust in partnership with Tottenham Hotspur FC, completed the first high-quality affordable housing scheme in the regeneration of north Tottenham at Cannon Road. The development is built on the site of the former Cannon Rubber factory, it includes 222 affordable new homes by way of the 22 storey Rivers appartments and an additional…
Allen Walkey
Mark McLaren appointed to The Property Ombudsman Council.
The Property Ombudsman (TPO) is pleased to announce the appointment of Mark McLaren to the TPO Council. He joins following nine years with Which?, the largest consumer body in the UK. The role of the TPO Council is to ensure the Ombudsman’s independence, set the Ombudsman’s Terms of Reference and approve the budget. Part of…
Christopher Walkey
Record high for UK house prices
According to figures recently released from Haart average UK house prices have experienced the steepest annual rise on record with a 10.5% growth from October 2014. Over the last year the supply of new properties had fallen by 10.1%, roughly 12 buyers are chasing each property on the market, Haart stated new buyer registrations had…
Allen Walkey
Tax fraud by greedy landlords
While I was checking through the weekend news I was drawn to an article in the EveningStandard online, it was one of those reoccurring tax fraud cases involving greedy people who choose to defraud the system to finance their wealthy lifestyle at the expense of the majority who are in the main contributors to our…
Allen Walkey
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