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Disappointing fourth quarter 2017 in sales and lettings business for Countrywide PLC

Written by Allen Walkey on - Breaking News -

Countrywide plc, announced yesterday 18th January 2018 its trading update for the year ended 31 December 2017. Countrywide announced that revenue for 2017 for the Total Group is expected to be around £672m, against £737m for 2016, fourth quarter income of £164m against £179m for 2016. The announcement stated: Total income in the sales and […]

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UK Housing market activity continues to drop in December according to RICS

Written by Allen Walkey on - Breaking News -

The latest RICS UK Residential Market Survey – December 2017 released today headlines ‘Stamp duty change to have limited impact as new buyer interest drop further.’ The survey reveals that in December, activity in the UK housing market continued to drop. Buyer interest edges lower as sales and new instructions continue to decline. The report […]

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Highest number of homemovers in 10 years according to Lloyds Bank.

Written by Allen Walkey on - Breaking News -

According to the latest Lloyds Bank Homemover Review, the number of people moving home is at its highest level since 2007 with over 370,300 homemovers. Greater London is the only region to see a fall in the number of homemovers in the past year. The review reveals that the average homemover house price in 2017 […]

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Steady increases in house purchase lending and homeowner remortgaging in November 2017 according to UK Finance

Written by Allen Walkey on - Breaking News -

The latest Mortgage Trends update for November 2017 from UK Finance released 16th January 2018 headlines ‘Mortgage Market activity bouyant during November 2017.’ The update reveals steady increases in mortgage lending for first-time-buyers and home movers compared to the previous month and the equivalent period in 2016. Commenting on the data Paul Smee, Head of […]

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Average UK house prices rise 0.1% since October 2017

Written by Allen Walkey on - Breaking News -

Announcement from HM Land Registry published 16th January 2018 – UK House Price Index for November 2017 The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The November data for UK shows: On average, house prices have risen by 0.1% since October 2017. An annual price rise […]

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Average house price growth slows according to LSL/Acadata E&W HPI

Written by Allen Walkey on - Breaking News -

The latest LSL/Acadata E&W House Price Index – December 2017 headlines ‘House prices end the year up 0.2%.’ Key headlines from the report are: Average house price growth slows yet increases seen across majority of regions. Bristol sets the pace with prices up 8.9% and South West prices increase 5.3%. London prices continue to slow […]

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London goes from having the slowest rate of rental growth in England to the fastest.according to Countrywide

Written by Allen Walkey on - Breaking News -

The latest Countrywide Plc Monthly Lettings Index report – December 2017 released 15th January 2018 headlines ‘Rental growth accelerates in 2017.’ Last year (2017) rents rose by an average of 2.4%, an increase from 1.8% in 2016 according to Countrywide. The Countrywide report reveals that London goes from having the slowest rate of rental growth […]

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Busy start to 2018 with increased home-hunter activity

Written by Amy Funston on - Breaking News -

  Early traffic data indicates a busy start to 2018, with Rightmove visits up by an average of over 9% so far in January compared to same period last year1, averaging over 4 million visits per day Average price of property coming to market is up 0.7% (+£2,067) this month on Rightmove, tracking over 90% […]

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Support from Government on new measures to improve safety of tenants

Written by Allen Walkey on - Breaking News -

In a press release yesterday 14th January 2018, Secretary of State for Housing Sajid Javid confirmed government support for new legislation that will help ensure rented homes are safe and give tenants the right to take legal action when landlords fail in their duties. Housing Secretary Sajid Javid said: “Everyone deserves a decent and safe […]

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Midlands and North currently enjoying steady price growth according to Home.co.uk

Written by Allen Walkey on - Breaking News -

Latest Home.co.uk Asking Price Index report – January 2018 released today headlines ‘Northern House Prices Up.’ In the headlines section Home.co.uk state that: Home prices tick up by the slightest margin this month, taking the mix-adjusted average for England and Wales up 0.1% since December and 2.7% year-on-year. Home.co.uk reveal that the Midlands and the […]

 

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