Posts Tagged ‘market’
Price cutting is becoming the new norm as the market adapts to reduced demand according to Home.co.uk
Latest Home.co.uk Asking Price Index report – October 2018 headlines ‘Price cutting hits 7-year high as vendors’ patience wanes’. The report reveals that overall, supply of property for sale in the UK is up by 6% and the total stock for sale has increased by 10.7% year-on-year. In October 2017, the annualised rate of increase…
Read MoreHometrack points to market conditions weakening in south eastern England.
Latest Hometrack UK Cities House Price Index report – April 2018 published today reveals that UK city house prices have grown by 4.9% over the last year. City house prices have increased 2.9% in the last three months compared to a 0.5% decline in 2017Q4 when price falls across London impacted headline growth. Large regional…
Read MoreHunters announce in trading update the group has outperformed the market.
Hunters, one of the UK’s largest franchised sales and lettings agency businesses, today provided a trading update ahead of its results for the year ended 31 December 2017. They announced that the Group outperformed the market, increasing network income by 9.8% to £38.9m (2016: £35.4m) and results for 2017 will be broadly in line with…
Read MoreA balanced market this year says Your Move
The latest Your Move House Price Index report August 2017 released today headlines ‘House price growth continues as regions redress the balance’. House price growth fell marginally in August (0.2%), which left the average England and Wales house price at £297,398. All regions in England & Wales continue to record annual growth, London has lowest…
Read MoreHousing white paper sets out government plans
Released yesterday 7th February from Department for Communities and Local Government ‘A housing white paper setting out the government’s plans to reform the housing market and boost the supply of new homes in England’. The white paper sets out government’s plans to boost the supply of new homes in England. It includes measures to ensure…
Read MoreRICS Residential market Survey June
The RICS UK Residential Market Survey for June 2016 released yesterday headlined Post-referendum uncertainty hits sentiment. It stated: Buyer enquiries fall for third consecutive month ….. Agreed sales fall sharply with activity expected to remain subdued in the coming months …… medium term price expectations slip, but remain positive, with rent expectations still firm. In…
Read MoreIs PurpleBricks valued too high?
PurpleBricks a new generation “online estate Agent” made headlines in December last year when they started trading on the London AIM (Alternative Investment Market) at a market capitalisation of £240.3 million. The share price as of today puts a value on the company of around £400million, to put that into perspective Foxtons have a…
Read MoreUBS… Zoopla downgraded
According to London ShareCast News – UBS has downgraded Zoopla to a ‘neutral’ recommendation from ‘buy’ due to continued competetive pressures from rival OnTheMarket, but left Rightmove at ‘buy’. UBS said its Evidence Lab research team had unearthed data on the UK property portal marketplace that indicated estate agency collective OnTheMarket had continued its momentum…
Read MoreHousing Market Bulletin February.
Housing Market Bulletin for February 2016 published yesterday by the Home and Communities Agency. House prices: Despite the seasonal price dip, the trend for average house price change continues to be steady growth. Housing market: Estimated gross mortgage lending for 2015 was 8.2% higher than in 2014, and the highest annual total since 2008.…
Read MoreStrong performance for Barratt Developments
Barratt Developments PLC Half Yearly Financial report for the 6 months ended 31st December 2015. Strong performance reported in that half. To see the report in full click here Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “In line with our strategy, we have stepped up the number of completions…
Read MoreGross 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…
Read MoreRightmove 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…
Read MorePurplebricks Group announces interim results.
Purplebricks announces its Interim results for the six months ended 31 October 2015. Commenting on the results, Michael Bruce, Chief Executive, said: “We have made great progress across the business in the last six months, culminating in our listing on the AIM market in December. The money raised will be used to deepen our national…
Read MorePurplebricks first day of dealing.
The first day of dealings yesterday of Purplebricks the first online estate agency to float on the junior AIM market proved somewhat disappointing. The flotation price was at £1, the end of day price was 93p, a disappointing 7% drop on the day. Major shareholders include top fund manager Neil Woodford, Paul Pindar, former chief…
Read MoreNew powers over buy-to-let lending.
Earlier this week the governor of the Bank of England, Mark Carney expressed concerns about the buy-to-let market, he said he was worried that if house prices began to fall, investors might sell in large numbers, which could destabilise the economy. The Treasury has suggested that the Bank of England could order banks and building…
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