Posts Tagged ‘London’
Vendor confidence benefits from a Spring boost according to Home.co.uk
Home.co.uk released their latest Asking Price Index April 2017 yesterday 12th April headlined ‘Asking Prices Surge on Spring Optimism’. In the report it points out that: Seasonal confidence has raised asking prices by +0.9% for the month of April, the largest monthly rise since March 2016. Year-on-year home price appreciation for England and Wales has…
Read MoreTelford Homes expects to report record revenues and profit.
Telford Homes Plc, the residential property developer focused on non-prime London, has today 5th April 2017 given an update on trading ahead of its final results for the year ended 31 March 2017, which will be released on Wednesday, 31 May 2017. Telford Homes expects to report record revenues and profit for the year to…
Read MoreStrongest rent growth seen outside London says Your Move
The latest Buy to Let Index March 2017 report for England and Wales from Your Move headlines ‘East and South East rents rise as demand outside London Rockets’. The average rent in Egland and Wales for Febraury 2017 was £798. Strong rent growth was seen outside London with Wales seeing rents rise faster than anywhere…
Read MoreProperty investment heads north and west says Home.co.uk
Home.co.uk Asking Price Index for England and Wales March 2017 released today headlines ‘Demand heads north as London slumps’. Year-on-year price appreciation for England and Wales has slipped to just 2.6%, month on month shows at +0.6%. The summary section leads with – Stagflation in the UK property market looks highly likely this year. Doug…
Read MoreHouses prices grow at fastest pace for a year in February according to Your Move
The Your Move latest England & Wales House Price Index for February 2017 released today headlines ‘Highest house price growth for a year with Birmingham and Merseyside experiencing new peak’. The report states: Prices grew at their fastest pace for 12 months in February, at 0.6% monthly, but annual house price inflation fell for 12th…
Read MoreSubstantial reduction in property sales transactions, especially in Central London reports Foxtons
Foxtons Group plc, London’s leading estate agent, today announces its financial results for the year ended 31 December 2016. Sales revenue down 23%, Lettings revenue down 1%, Mortgage revenue up 7%. Seven branches opened in 2016 and a further two in February 2017 taking network to 67 Commenting on the results, Nic Budden, CEO, said:…
Read MoreUK average rents continue to see a slower rate of growth compared to last year says Homelet
Data from the latest Homelet Rental Index February 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year. The average UK rental value was £895pcm, compared to the same period last year that is an increase of 0.8% (£882pcm). The average rental value in Greater…
Read MoreCity level house price growth at 6.9% yr on yr says Hometrack
The Hometrack UK Cities House Price Index report January 2017 released today. They state: City level house price growth 6.9% year on year down on 7.9% recorded in January 2016. London has dropped to eighth in city rankings, registering the lowest rate of growth at 6.4% and is running at its lowest level for 4…
Read MoreHome buyers in London fell to a 4 year low in 2016 says CML
Press release yesterday 22nd February from Council of Mortgage Lenders (CML) headlined ‘London home buyers down 3% in fourth quarter 2016’. Paul Smee, CML director general, commented: “The number of home buyers in London fell to a four year low in 2016. Home mover activity in particular continues a downward trend, with the fewest loans…
Read MoreAnother strong half year performance says Barratt Developments
Barratt Developments PLC today released their half year results to 31st December 2016 headlined ‘Strong half year for the Group, well on track for the full year’. In the highlights they stated: Completions outside of London at highest level for nine years; London completions were in line with planned build programme, with significant uplift expected…
Read MoreThe central London rental market is beginning to show signs of topping out says the NLA
Recent news article from the National Landlords Association (NLA) posted 19th February headlined ‘Landlords follow tenants out of capital as rental demand nosedives’. The article leads: The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other areas of the…
Read MoreHouse price growth in regional cities continues to overhaul London
Hometrack UK Cities House Price Index December 2016 released today headlines ‘London drops to 7th in house price growth rankings’ UK city house price inflation bounced back in 2016Q4 with average values rising 2.2%. Growth over 2016 was down slightly compared to 2015 (7.7%) but in line with the average rate over the last 18…
Read MoreRents to rise 4% outside of London in 2017 forecast by Rightmove
The Rightmove Rental Price Tracker report released this week for Q4 2016 ( October – December 2016 ). Their forecast for 2017 is that rents to rise 4% outside London. All regions except London recorded a rise in asking rents in 2016, with prices up annually by 3.0%, London recorded an annual price fall of…
Read MoreFoxtons expect trading conditions to remain challenging in 2017
Foxtons plc London’s leading estate agency today issued its trading update for the year ended 31 December 2016 ahead of its audited results announcement on 8 March 2017. The reduction in Group revenue for the year reflects the significant fall in sales volumes immediately following the first quarter of 2016. Nic Budden, CEO, commented: “Despite…
Read MoreRental prices increase most in South East England
Statistical Bulletin from the Office for National Statistics released 28th October headlined ‘Index of private housing rental prices (IPHRP) in Great Britain: Sept 2016’ An experimental price index tracking the prices paid for renting property from private landlords in Great Britain. Annual rental rises in the South East of England are now outperforming London, new…
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