Posts Tagged ‘uk’
Average annual rental growth slows in UK according to Homelet
Data from the latest Homelet Rental Index March 2017 reveals average rents in the UK continue to see a slower rate of rental growth compared to last year. The report highlights that for March 2017 the average UK rental value was £904pcm – this is 1.1% higher than the same period last year (£894pcm). In…
Read MoreHomeownership has become less affordable for young people in the UK
Publication today from the Social Mobility Commission on the Gov.UK website headlines ‘Home ownership access to first-time buyers in the UK’. Research on first-time buyers’ reliance on their parents to get onto the housing ladder. Analysis of Government and housing market data finds that the proportion of young people embarking on home ownership has fallen…
Read MorePurplebricks intends to expand in the US
Purplebricks PLC announced late yesterday its intention to raise up to £50 million (before expenses), the net proceeds of the Placing will be utilised by the Company to enable Purplebricks to launch its business in the US, initially by establishing itself in a number of key states. The Directors intend that the first stage of…
Read MoreBrexit white paper has now been published
The United Kingdom’s exit from and new partnership with the European Union White Paper has now been published and can be viewed on the Gov.uk website. This White Paper provides Parliament and the country with a clear vision of what we are seeking to achieve in negotiating our exit from, and new partnership with, the…
Read MoreAverage House prices in UK increase by 6.7% yr to Nov 2016
Statistical Bulletin released yesterday 17th January from the Office for National Statistics (ONS) UK House Price Index: Nov 2016 Average house prices in the UK increased by 6.7% in the year to November 2016 (up from 6.4% in the year to October 2016), the main contribution to the increase in UK house prices came from…
Read MorePositive end to the year signalled by UK Construction companies
‘New order growth hits 11-month high in December’ is the headline of the most recent Markit/CIPS UK Construction PMI published yesterday 4th January. UK construction companies signalled a positive end to the year, led by the fastest rise in new order volumes since January 2016. At 54.2 in December, up from 52.8 in November, the…
Read MoreGreater London remains the UK’s worst performing region
Home.co.uk yesterday released their Asking Price Index headlined ‘London Prices Fall as Supply Leaps in the East and South’ Doug Shephard Director at Home.co.uk said: “Whilst we should expect seasonal price declines at this time of year, it is clear that the UK property market is no longer in great shape. “Brexit is not really…
Read MoreUK House prices increased 6.9% in yr to October 2016
Statistical Bulletin from the Office for National Statistics (ONS) released yesterday 13th December 2016……House Price Index October 2016. The UK HPI is a joint production by Land Registry, Land and Property Services Northern Ireland, Office for National Statistics and Registers of Scotland. Average house prices in the UK have increased by 6.9% in the year…
Read MoreHometrack report house price to earnings ratio breaks 14x.
Hometrack today released UK Cities House Price Index October 2016 headlined ‘London breaks 14x house price to earnings ratio’ In the report they state: City level house price growth holding steady at 8.4%. An 86% uplift in house prices since 2009 has pushed the price to earnings ratio in London over 14x, more than double…
Read MoreLondon house price growth slows rapidly
Hometrack UK Cities House Price Index September 2016 headlined ‘London records lowest quarterly growth for 20 months’ In the report they highlight that: City level house price growth is running at 8.5% but growth in London has slowed rapidly in the last quarter to the lowest level of quarterly growth for 20 months. Eleven cities…
Read MoreHomeLet Rental Index September
The most recently released HomeLet Rental Index (September) states that 2016 to date has seen a slower rate of rental growth, compared to the same period last year. The increase in average rental value is 3 per cent higher than the same period last year, standing at £910pcm compared previously to £884pcm. In comparison to…
Read MoreArticle 50 to be triggered within 6 months
Theresa May opened the 4 day Tory conference in Birmingham yesterday, it presented her with the first real chance to define her premiership and to detail the key policies that will go to make up her radical agenda. Prior to attending the conference; Theresa May said she will introduce a “Great Repeal Bill” in…
Read MoreNo Brick shortage is response from The BDA
The Brick Development Association (BDA), representing brick manufacturers in the UK, has responded assertively to what it sees as an “out of date and and unhelpful” report from the Centre for Economics & Business Research for the National Association of Estate Agents which was released yesterday. In a latest news article posted to their website…
Read MoreFitch ratings report UK Property Sector……
Fitch Ratings report-London-16 August 2016 headlines ‘UK Property Sector May Face Long-Term Brexit Pressure’ The UK vote to leave the EU could translate into longer-term negative sentiment for the UK property sector, but is unlikely to directly lead to near-term rating downgrades, Fitch Ratings says. Uncertainty over the form and timing of Brexit will weigh…
Read MoreLatest new home Registration Statistics from NHBC
According to the National Home Building Council (NHBC) latest new home registration statistics a total of 41,222 new homes were registered in Q2 throughout the UK. In the private sector 31,753 new homes were registered, a 6% increase on the 30,086 a year ago. The public and affordable sector was down 13% with 9,469 new…
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