Hunters announces increased revenue in first full year as public company.

Hunters Property Plc, one of the UK’s largest national sales and lettings estate agency businesses, yesterday 12th April announced preliminary results for the year ended 31 December 2016. Leading the Highlights section they stated: Opened 30 new branches, including the conversion of 20 independent estate agency branches so in aggregate 93 new branches, excluding acquisitions,…

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Number of sales agreed in November dropped says NAEA

Press release and November Housing Market report today from NAEA headlined ‘Record number of properties sold at less than asking price’ They state: Both demand for properties and supply of available stock fell in November, the number of sales agreed also dropped. Mark Hayward, Managing Director, National Association of Estate Agents (NAEA) comments on the…

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House purchase Lending for July down on June.

Press release published yesterday 14th September, from The Council of Mortgage Lenders (CML) headlined ‘July house purchase lending down 13% on June’. The report leads: Home-owners borrowed £10.6bn for house purchase, down 13% month-on-month and 12% year-on-year. They took out 58,100 loans, down 14% on June and 13% on July 2015. Paul Smee, director general of the…

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Aldermore shrugs off Brexit fears with H1 profit increase

Aldermore Group PLC yesterday announced it’s Half Year results for 2016, reporting strong returns and continued growth, profit before tax increased by 50% to £59m. Phillip Monks, CEO, commented: “It has been another strong six months of operational and financial performance as we delivered double digit growth and an underlying return on equity in the…

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Another strong period of growth for Rightmove

Rightmove PLC reports half year results for the six months ended 30 June 2016. Rightmove, the UK’s number one property site, has delivered another strong period of growth in the six months ended 30 June 2016.  Rightmove’s market leading audience continued to grow strongly with customers spending more on Rightmove’s products and services, resulting in…

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Fall in house prices predicted.

Members of The Royal Institution of Chartered Surveyors (RICS) are predicting  a drop in UK house prices that is expected to be short lived,  it citied the EU referendum and the cooling of the market following changes to stamp duty charges in April for this. Beyond that they expect houseprices to rise by slightly more…

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April Gross Mortgage Lending less than March.

Press release published yesterday by The Council of Mortgage Lenders (CML) headlines “Gross mortgage lending grows 16% year-on-year”. The Council of Mortgage Lenders  estimates that gross mortgage lending reached £18.5 billion in April. This is 29% lower than March’s lending total of £26.2 billion, but 16% higher than the £16 billion lent in April last…

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