Breaking News
Effects of extra stamp duty cost.
In the recent Autumn Statement George Osborne announced that there would be an additional 3% stamp duty on second homes and buy to let properties, this increase will come into force from April 2016, adding thousands in tax. Potential buy-to-let purchasers in a rush to avoid the additional stamp duty rate could fuel a 7%…
Allen Walkey
Halifax HPI for November
Halifax House price Index released today. Quarterly house price growth eases to 1.4% House prices in the latest three months (September-November) were 1.4% higher than in the preceding three months. Prices in the three months to November were 9.0% higher than in the same three months a year earlier. Commenting, Martin Ellis, Halifax housing economist,…
Allen Walkey
The future for Buy-to-Let
Following the election back in May of this year there was one sector that shined out above the rest in the property industry, that was buy-to-let, how things can change in just over 6 months. Very few buy-to-let stakeholders would have imagined that when the Conservatives were returned to office without the hinderance of the…
Allen Walkey
Major expansion of shared ownership
David Cameron will today 7th December deliver keynote speech in which he will announce plans for the expansion of shared ownership, opening the door to 175,000 aspiring homeowners, he will reiterate how the government is getting on with the job and delivering on its manifesto commitments to provide real security and opportunity at every stage…
Allen Walkey
Storm Desmond hits Cumbria
The weekend news for the UK has certainly been dominated by the affects of Storm Desmond, Cumbria appears to have come out the worse with torrential rain and rivers bursting their banks, a number of public events were cancelled across East lancashire due to the affects of flooding, heavy rainfall and strong winds prompted the…
Allen Walkey
Continued upward pressure on house prices
The substantial imbalance between supply and demand when it comes to purchasing a home is very likely to persist into 2016 according to the Halifax. This imbalance in itself is the most important factor that maintains the upward pressure on UK prices which are looking expensive compared to incomes. Halifax’s housing economist, Martin Ellis, reportedly…
Allen Walkey
Housing supply is affected by immigration
According to recent official figures from the Government, net immigration will lead to the creation of 95,000 new households a year, if we go with the forecast of 200,000 new homes to be created per year for the next 5 years then half of such homes will be needed to cope with the influx of…
Allen Walkey
London homes require highest average deposit.
It is really no surprise to learn that the average London Property requires the largest deposit from buyers as a down payment to go with their mortgage in the UK. According to new figures released by Mortgage Broker Today, deposits in London rose 5% in October compared with September. Buyers now need on average £179,248…
Allen Walkey
Rise in numbers for affordable housebuilding.
The latest figures from the Department of Communities and Local Government released yesterday show 66,640 new affordable homes were delivered in the last year, this is the highest increase in affordable housebuilding in 22 years. Numbers of new affordable and social rented homes up by nearly two-thirds in the last 12 months and over 270,000…
Allen Walkey
Town’s ‘Best Kept Secret’ Celebrates a Decade of Serving Burgess Hill.
An estate agency in Burgess Hill is celebrating its tenth birthday this month. Carnabys, moved into 1 Keymer Road, in 2005 at a time when the activity in the local property market was reaching record levels. Managing Director, Terry Wilmot, said: “We’re delighted to be celebrating ten years of having helped people in and around…
Christopher Walkey
Transformational year for Zoopla
Transformational year for Zoopla with record revenue and profits. Zoopla Property Group Plc, the digital media and lead generation platform that owns and operates some of the UK’s leading online consumer brands including Zoopla, uSwitch and PrimeLocation announces its full year results for the year ended 30 September 2015. Business highlights. Revenue increase of 34%…
Allen Walkey
All year round property market
In a recent article coming from National Estate Agent Strutt and Parker they report that property at all price levels is going under offer, they say that is clear evidence that quality buyers are out there and that they want to buy. Viewings are higher than expected for the time of year with unusually high…
Allen Walkey
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