For sale: castles and forts straight out of Game of Thrones
News and advice on buying, selling and renting property.
Welsh Government announcement on Section 21
Over the weekend, the First Minister of Wales Mark Drakeford, said at the Welsh Labour Conference that, "we will abolish unfair letting agents fees in the private rented sector and we will end the demeaning and degrading practice of no-fault evictions for those people who live in the private rented sector here in Wales."
Section 21 ban proposed by First Minister of Wales
Mark Drakeford AM, the Leader of Welsh Labour and First Minister of Wales announced that the Welsh Government will be banning Section 21.
With the Government’s own data showing that it takes over five months from a private landlord applying to the courts for a property to be repossessed to it actually happening
The post Section 21 ban proposed by First Minister of Wales appeared first on Property118.
Research reveals how the price of detached homes have risen
A detached house is regarded as a dream for many home owners in the UK and new research shows buying one has become even more expensive, with prices up more than £125,000 in 10 years. The average price of a detached house in the UK was £252,473 in January 2009 but today it is £377,945, […]
The post Research reveals how the price of detached homes have risen appeared first on PropertyWire.
Brexit continues to impact the UK housing market
The housing market in the UK remained subdued in March as Brexit continued to affect sentiment and with leaving the European Union now delayed, the lack of momentum is expected to remain. Demand from buyers remained in negative territory in March and sales and new property coming on to the market continued to decline, according […]
Average asking prices in England fall, but Wales sees strong growth
Average asking prices in England and Wales fell by 0.2% in the last year but were up 2.3% in Scotland and by a strong 5.6% annually in Wales, the latest index shows. But a breakdown of the figures from the Home.co.uk index shows that on a regional basis prices in England increased in most locations, […]
The post Average asking prices in England fall, but Wales sees strong growth appeared first on PropertyWire.
New funding will lead to thousands of new council homes being built in London
The Mayor of London, Sadiq Khan, has announced a new £10 million fund for local authorities in the capital to help them deliver more council, social rented, and other genuinely affordable homes. The fund will results in 11,000 new councils homes being built in London over the next four years under the £10 million Home […]
The post New funding will lead to thousands of new council homes being built in London appeared first on PropertyWire.
Professional landlords call for buy to let manual underwriting process
Over a third of landlords in the UK want buy to let lenders to apply a manual underwriting process as they struggle to obtain lending in the High Street. Overall 42% say that they have struggles to secure a buy to let mortgage from a mainstream lender, according to a property investor survey from MT […]
The post Professional landlords call for buy to let manual underwriting process appeared first on PropertyWire.
Housing market dragging, Tenant demand up, Landlord supply down
The latest RICS Residential Market Survey remains subdued in March and looking ahead, the lack of momentum is likely to continue for a while longer. Click here to download the full survey. Enquiries from new buyers saw the eighth negative reading in a row
The post Housing market dragging, Tenant demand up, Landlord supply down appeared first on Property118.
Portal listings: first hour is key for leads to agents
The first hour of a property’s listing on a portal is the most crucial for sellers or landlords according to research from Zoopla.
Looking across visits for the first week of a typical listing, the highest proportion of consumers express an interest amounting to a lead in the first 59 minutes…
New portal showing ‘property potential’ to roll out across UK
A ‘property potential’ portal which claims to be highly successful across the south east of England is now going to launch across the rest of the UK this year.
Since the end of 2017 the portal Upshoot has listed property currently on sale in the south east; along with usual details…
13th time not unlucky as Savills the Superbrand strikes again
Savills has been named the winner of the real estate agents/advisor league table in the UK Business Superbrand list for the 13th year in a row.
The Business Superbrands survey has been tracking the perception of a wide-range of business brands in the UK since 2001 and this year’s exercise assessed…
The Only Way Is Essex as independent joins franchise empire
Winkworth has a new office at Leigh-on-Sea, Essex, as an independent local agency rebrands as part of the franchise giant.
Previously trading as Think Property for nine years, the company’s team will remain in place as the company rebrands at Winkworth.
Mark Newman set up the business in 2010 and says: “We…
Agents Do Charity – don’t count your Easter chickens…
With next Friday being Easter, this is the last ADC for a fortnight – so it’s our chance to honour those doing great work, and to remind you to let us know what’s going on with your fund-raising efforts.
Email us on email@example.com with your charity news, and we’ll let the rest…
Fitness for human habitation and the lettings industry
Fitness for Human Habitation Act (FFHH) – will it change the industry, Darren Clapp, MARLA, CEO of KPR shares his thoughts and highlights trends.
Fitness for human habitation and the lettings industry originally appeared on the ARLA website on 11 April 2019. This content cannot be reproduced without prior written consent.
Excessive charges for HMO damage?
I was guarantor for my son when he had a room in a shared house. He caused some damage to the room so when he left, the landlord sent me a bill. However he has charged over and above the cost of replacement furniture
Steer clear of any investment in ex-office blocks
Office Blocks, converted to Residential Occupation, fulfil an immediate need but are not a sensible investment for Private Sector Landlords (PSLs) in Provincial Towns! My advice is do not buy a sub-lease in a Housing Warehouse. Planning consent is not required for such conversions and they are filled with drug addicts
Rise in stay-at-home young adults
Research from Civitas, Institute for the Study of Civil Society, shows a million more sons and daughters in the UK are living with their parents than there were two decades ago.
Section21 4a or 6a – What am I missing?
I have a tenancy which started in March 2014 and went periodic in September 2014. I have served a section 21 4a notice on my tenant as of February 2019, however I have been told that this is not the correct notice and could be thrown out of court and that following the introduction of the additional legislation to the deregulation bill in October 2018 I should of used a 6a.
Paragon – Landlords taking action to mitigate higher tax costs
Landlord action to mitigate higher tax costs will lead to a lower level of buy-to-let remortgage transactions going forward according Paragon’s PRS Trends Report for Q1 2019. Nearly six out of ten (58%) landlordsreported an increase in their 2017-18 tax bill.
The post Paragon – Landlords taking action to mitigate higher tax costs appeared first on Property118.
Labour plans to control house prices dismissed as “bordering on the insane”
Labour is proposing two methods of controlling house price rises should it win the next General Election – and the ideas have provoked a furious response from some sectors of the agency industry.
Under the first proposal, outlined by shadow housing minister John Healey, there Bank of England would be give…
Repossessed homes now sell for 104% of market value, claims agency
Spicerhaart claims that it achieved an average of 104.29 per cent against the market value on properties that were taken into possession and sold last month.
This firm – which handles repos through its corporate sales division – says the figure is up from an average of 96.73 per cent in…
Prices to fall slightly for next six months, warns RICS
The Royal Institution of Chartered Surveyors says house price sentiment improved by a small amount last month for the first time since July.
But it warns of difficult times ahead with prices likely to fall in the coming months as Brexit uncertainty goes on.
RICS’ monthly house price balance moved gently up…
Hammered! Auctioneer hits best sales in firm’s 12 year history
A national and regional property auction firm has delivered its best ever first quarter sales in the 12 year history of the company.
The Auction House group sold 762 lots between the start of January and the end of March – up 5.5 per cent on the same period last year…
Is Help To Buy a Rip Off? First time buyers pay 12% premium
First time buyers purchasing new homes using the government’s Help to Buy equity loan scheme paid on average 12 per cent more in February 2019 than those buying new homes without the scheme.
The claim comes from home moving company Reallymoving, which has analysed data collected from over 44,000 first time…
Rents in the UK up 3.3% year on year, higher than inflation
Rents for new tenancies in the UK have begun to rise at a rate not seen in the market for over two years, up 3.3% in the 12 months to March 2019, the latest index shows. There is a move away from the normal fluctuations in the private rented sector so that rental growth is […]
The post Rents in the UK up 3.3% year on year, higher than inflation appeared first on PropertyWire.
Landlords are scaling back their mortgage debt to improve their finance
Landlords in the buy to let sector in the UK have reduced their reliance on mortgaged debt as part of a move to make their business more sustainable and boost financial strength over portfolio expansion, a new survey report suggests. This is expected to impact on remortgage activity in the sector going forward as they […]
The post Landlords are scaling back their mortgage debt to improve their finance appeared first on PropertyWire.
Figures reveal the costs of buying a property near green space in London
On average across London’s boroughs, 31% of the landscape is covered by green space and with an average house price of £530,201, Londoners are paying £245 per square metre in property prices for being near a park. The borough of Havering has the largest as a percentage of overall green space at 59%, while at […]
The post Figures reveal the costs of buying a property near green space in London appeared first on PropertyWire.
Planners want more say in housing design, according to a new survey
More than half of professional planners say they have limited influence in housing design and an overwhelming 87% want to have more say in this area, according to a new survey. While planners generally welcome the Government’s focus on improving the design of housing developments, only 11% think that design trumps other considerations in helping […]
The post Planners want more say in housing design, according to a new survey appeared first on PropertyWire.
Investment in commercial property in Central London up 28%
Commercial property investment in Central London, the City and West End, increased by 28% to £3.2 billion in the first quarter of 2019, according to new data. Investment volumes in Central London in the first three months of 2019 were also higher than those in the first quarter of 2015 before the UK voted to […]
The post Investment in commercial property in Central London up 28% appeared first on PropertyWire.
Would-be buyers put off by Brexit, but ‘some optimism’ returns to housing market
News and advice on buying, selling and renting property.
Consent to let charge silent in lease?
I am planning to rent out my flat for a shorthold tenancy agreement. On my lease it says that I need to get written consent of the landlord for subletting. I had enquired with the landlord (this being the freeholder).
Landlord Incorporation Checklist
If you’re considering the transfer of your rental property business into a Limited Company, this checklist will prove extremely useful for you.
- Does the operation of your rental property business occupy at least 20 hours a week of time
Rents rise as tenant fees ban looms
According to the latest data from HomeLet’s Rental Index, UK rents for new tenancies have begun to rise at a rate not seen in the market for over two years. The annualised picture shows rental values having increased at a higher rate than was seen in 2018 rising by 3.3% in the last 12 months.
Guidance for lone workers
HSE (Health and Safety Executive) have revised their Working Alone leaflet to provide advice on the risks of lone working.
Rental market in the UK overall was steady in year to March, led by growth in Edinburgh
The average rent paid for a property in the UK now stands at £1,217, or £772 when London is excluded, according to the latest rental sector index to be published. Overall, the average rent for a property increased by 0.96% in the 12 months to March 2019, according to the data from Landbay. It also […]
The post Rental market in the UK overall was steady in year to March, led by growth in Edinburgh appeared first on PropertyWire.
Campaign launched for new home builders to comply with snagging retention scheme
Owners of new builds who took part in a new survey have overwhelmingly backed a call to be allowed to hold back funds until all faults are rectified in a bid to improve the quality of new properties. The research from the Home Owners Alliance found that nine in 10 back its campaign for ‘snagging […]
The post Campaign launched for new home builders to comply with snagging retention scheme appeared first on PropertyWire.
Help to Buy price difference is rising, new study shows
The difference in the price paid by first time buyers for new build homes with Help to Buy, compared to the price paid by those buying new homes without the scheme has increased. New research shows that the price difference increased to 12% in January and February this year compared with 8% in October 2018. […]
The post Help to Buy price difference is rising, new study shows appeared first on PropertyWire.
Another property tax backfires on government as revenue plummets
HM Revenue & Customs is set to pocket £60m less from one of its property taxes than it forecast.
An analysis of the Annual Tax for Enveloped Dwellings, undertaken by property consultancy London Central Portfolio, reveals that receipts for the tax for 2017/18 show a chunky 18 per cent fall.
Agency charged over fees and “undue influence”
A family run estate agency faces a string of charges relating to commission fees and “undue influence” exerted on clients.
The charges against Meridian Estate Agents in Bournemouth have been brought by the local council Trading Standards team.
However a number of earlier charges specifically levied against Matthew Ilsley – the director…
Owner complains about home listed on Zoopla when it wasn’t for sale
The owner of a home for sale has complained to the Advertising Standards Authority after seeing it marketed on Zoopla – when it wasn’t even for sale.
Few details have been released about the error but the listing was by Move Inn Estates, an agency based at Hounslow in Middlesex.
Agents’ qualifications could produce higher fees, more business – claim
Agents boasting qualifications could generate higher fees and more clients, especially if they are ‘ahead of the game’ and improve their skills ahead of government reforms likely to be announced later this year.
That’s the message from Sava, which provides education, technology and compliance services to property professionals.
It says proposals expected…
PropTech Today: The second stupidest thing to do? Digitise the past
By the time you read this article, I’ll be in Nigeria. My first ever visit to the continent of Africa.
Sitting here now about to leave for the airport, I feel a mixture of excitement and slight trepidation.
As I wrote in my Sunday PropTech review last week, I know of at…
Research shows number of last time buyers in the housing market has increased
On in three home moves, about 200,000 a year are now made by owners aged 55 and over as a growing number use their huge equity reserves to find their perfect last home, according to new research. The numbers have almost doubled in the last decade and many buyers in this sector are cash buyers […]
The post Research shows number of last time buyers in the housing market has increased appeared first on PropertyWire.
New guidance issued for landlords, tenants and local authorities
New guidance is being issued to local authorities across England as part of the Government’s plans to reform the private rented sector and crackdown on rogue landlords. One guidance document is aimed at local authority enforcement practitioners and another for tenants and landlords in what Housing Minister Heather Wheeler described as the latest step in […]
The post New guidance issued for landlords, tenants and local authorities appeared first on PropertyWire.
New government guidance to protect tenants
New online support as part of government’s commitment to give greater protection to tenants, and reform the private rented sector for the better – written by MHCLG and Heather Wheeler MP.
Local authorities across the country are set to receive a new package of online support as part of the government’s commitment to give greater protection to tenants
Forfeiture of holding deposits/reservation fees
Imagine this scenario. A prospective tenant, T, answers an ad and phones up and arranges to view a property. T meets the Landlord, L, and agrees to rent the property for 12 months starting in 14 days’ time at £900 per month.
Independent review to investigate customer service and poor workmanship Persimmon’s continues its efforts to improve its customer care, culture and operations which are to be assessed in an independent review.
Independent review to investigate customer service and poor workmanship originally appeared on the ARLA website on 09 April 2019. This content cannot be reproduced without prior written consent.
Wales ban on fees from September In a letter to ARLA Propertymark dated 8 April 2019, the Welsh Government have confirmed that they anticipate Royal Assent for the Renting Homes (Wales) (Fees etc.) Bill to be received in May. This means, provided this timetable is kept, the ban on fees will commence on 1 September 2019.
Should violence go with the territory?
No too long ago Property118 covered Kicking Landlords. Now we have Stabbing Landlords. Such a Course of Action is not to be recommended. If a tenant or his representative threatens violence towards the landlord or his employees, it is certain to result in the termination of the tenancy.
Why do landlords carry the blame for intentionally homeless tenants?
Hi Phoebe, If I may introduce myself, I run a Possession company for Landlords who are struggling to get their properties back from bad tenants.
The story you wrote for KentLive was an interesting one – ‘Dirty
The post Why do landlords carry the blame for intentionally homeless tenants? appeared first on Property118.
Purplebricks named one of Britain’s 20 ‘most relevant brands’ Purplebricks has been named one of Britain’s ‘most relevant’ brands to consumers.
The agency came in 13th in a list of 20 in the annual Superbrands Index, created by
Amazon, Aldi and the MacMillan Cancer Support are the top three; other entries coming in above Purplebricks include Google, LEGO and YouTube.
The league… https://www.estateagenttoday.co.uk/ https://www.estateagenttoday.co.uk/upload/Purplebricks-alt2-400×310.jpg
All independent agents applying to trade group will be mystery-shopped Every estate agency applying to join a new group for independents will be mystery shopped in a bid to ensure it meets an appropriate standard.
The unusual approach has been revealed by mystery shopping company Yomdel, which has linked with the soon-to-launch Federation of Independent Agents.
The FIA has been set up… https://www.estateagenttoday.co.uk/ https://www.estateagenttoday.co.uk/upload/FIAlogo400x310.jpg
EweMove in profit as Property Franchise Group reports solid figures Hybrid estate agency has reported a modest pre-tax profit of some £400,000 as part of the 2018 results of its parent company, The Property Franchise Group.
EweMove’s sales completions grew by 22 per cent in 2018 and its lettings completions grew by 26 per cent, says a TPFG statement.
Other operational highlights… https://www.estateagenttoday.co.uk/
Online agents hit out at High Street rivals about ‘over-valuations’ Online estate agents have seized on the recent national newspaper article accusing estate agents of over-valuing properties to earn higher fees.
The piece - in The Times on Saturday and reported on Estate Agent Today – provoked criticism on Twitter, mostly from buying and sales agents.
The article alleged that as many as a… https://www.estateagenttoday.co.uk/
OnTheMarket closing the gap with Rightmove claims Springett OnTheMarket says high take up for its alert service demonstrates that it’s closing the gap on Rightmove.
The challenger portal says that as of yesterday it has over one million people using its property alert service.
“To place this milestone in context, in its 2018 results announcement, Rightmove stated that ‘over two… https://www.estateagenttoday.co.uk/
Prime rural prices see largest fall for five years thanks to Brexit At the end of a week consisting of largely depressing market reports, new data from Knight Frank suggests that the bad news continues.
The high-end agency says that prime property prices in regional markets in England and Wales fell by 0.8 per cent over the first three months of 2019, the… https://www.estateagenttoday.co.uk/
Older ‘Last Time Buyers’ now a growing part of the market, figures reveal As many as one transaction in three is now undertaken by a so-called Last Time Buyer – twice as many as a decade ago.
Data from the Intermediary Mortgage Lenders Association shows nearly 200,000 owner occupier housing transactions in England annually are made by the over-55s as a growing number use… https://www.estateagenttoday.co.uk/
Developers warned to make sure they comply with wildlife habitat protection
Developers are being reminded of their legal obligation to consider the impact of a project on local wildlife and protect their habitats. The Secretary of State for Housing, James Brokenshire, warned that action will be taken against those who deliberately ignore their obligations. He spoke out amid increasing concern about netting being placed in trees […]
The post Developers warned to make sure they comply with wildlife habitat protection appeared first on PropertyWire.
Digital mortgages are making the home buying process faster
It has officially become easier for millions of people in England and Wales to remortgage one year after the introduction of the first digital mortgage in the countries. As well as making it easier to remortgage, the Land Registry has announced that it is also looking to the future through its Digital Street research project […]
The post Digital mortgages are making the home buying process faster appeared first on PropertyWire.
Prime property prices paused in Scotland at start of year but still up 2.3%
Prime property market price growth paused in Scotland in the first quarter of 2018, but demand at the top of the market remained strong and it outperformed the rest of the UK. Overall prices were up 2.3% year on year in the 12 months to March 2019 compared with a fall of 1.8% in the […]
The post Prime property prices paused in Scotland at start of year but still up 2.3% appeared first on PropertyWire.
Landlords concerned about rights of EU citizens to rent after Brexit
The British Government has failed to prepare the rental market for Brexit with landlord warning that European Union citizens may face problems securing a home to rent. The warning comes from the Residential Landlords Association (RLA) which says that Ministers have failed to publish any guidance for landlords about the implications of Brexit for the […]
The post Landlords concerned about rights of EU citizens to rent after Brexit appeared first on PropertyWire.
A quarter of people regret compromising when buying a home
A quarter of people who compromised on location when buying their current home later regretted the decision, according to a new survey. Overall one in five buyers revealed that they compromised on the location of their current home and of those, some 25% said they later regretted the decision, the Which? Mortgage Advisers annual survey […]
The post A quarter of people regret compromising when buying a home appeared first on PropertyWire.
Property Jobs Today – all the industry’s top moves…. Hello, it’s that time of the week again when we look at the latest recruitment and appointment news in the industry.
Just email us some information on your company’s latest moves, at firstname.lastname@example.org – then we’ll tell the industry.
Let’s start with a big story – no fewer than 30 promotions in… https://www.estateagenttoday.co.uk/ https://www.estateagenttoday.co.uk/upload/PropertyJobsToday-400×310.png
Halifax says latest index “partly corrects” last month’s shock figure House prices rose slightly more rapidly in the first three months of the year but growth is likely to remain subdued because of Brexit uncertainty according to Halifax.
Compared with the same period of last year, prices rose by 3.2 per cent – faster than the 2.8 per cent reported in the… https://www.estateagenttoday.co.uk/
New inventory guidance for landlords and agents ahead of tenant fees ban Tenancy Deposit Scheme (TDS) has released new guidance on inventory reports to help landlords and letting agents in the private rented sector in England ahead of the introduction of the Tenant Fees Act on 1 June 2019.
New inventory guidance for landlords and agents ahead of tenant fees ban originally appeared on the ARLA website on 08 April 2019. This content cannot be reproduced without prior written consent.
Bank of England survey of attitudes to inflation and interest rates
This news release describes the results of the Bank of England’s latest quarterly survey of public attitudes to inflation, undertaken between 8 and 9 February 2019.
Q: When asked about the future path of interest rates, 22% said rates might stay about the same over the next twelve months
The post Bank of England survey of attitudes to inflation and interest rates appeared first on Property118.
Be a guest of Mark Smith (Barrister-At-Law) – Croydon
Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies at the pin Croydon Meeting property networking event Wednesday 17th April 2019.
The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith that have not previously attended a pin meeting.
The post Be a guest of Mark Smith (Barrister-At-Law) – Croydon appeared first on Property118.
More regulation for the lettings industry lies ahead in 2019
This article is only available to "Registered users" of Propertywire.com. Registered users can access premium content such as interviews, commentary, analysis and research FREE of CHARGE! Complete the form below to get instant access. Username or E-mail Password Remember Me Forgot Password
The post More regulation for the lettings industry lies ahead in 2019 appeared first on PropertyWire.
RLA/Pearl “Welfare Reform and Universal Credit” survey
Here’s a link to the RLA/Pearl’s current survey: ‘State of the PRS’ Q1 2019 quarterly survey that focuses on Welfare Reform issues. This project is titled: “Welfare Reform and Universal Credit: Evaluating the impact on the Private Rented Sector” and the research has been commissioned from Edge Hill University.
The post RLA/Pearl “Welfare Reform and Universal Credit” survey appeared first on Property118.
Fire Safety in the Home As part of the Government’s commitment to help prevent fatalities and injuries from accidental fire, the Home Office has launched a new Fire Kills Campaign to keep people safe in their homes.
Tenant Fees Act – Rent arrears default fees
The way I read rent arrears is we can not charge unless it is more than 14 days overdue. Thereafter we can charge 3% above BoE base rate. We can no longer charge a fee for letters etc.
So assuming average rent in England excluding London of £782
High rental demand off-plan Manchester opportunity with up to 6.7% yields
Greenwood Place is situated on the outskirts of Manchester, only a 20 minute drive to the city centre. Leef Property Management has stated that these apartments are in a high rental demand location and expected to achieve rental yields of up to 6.7%.
The post High rental demand off-plan Manchester opportunity with up to 6.7% yields appeared first on Property118.
First-time buyers have to save for 10 years to get on property ladder https://www.telegraph.co.uk/property/ https://www.telegraph.co.uk/content/dam/property/2018/05/05/TELEMMGLPICT000162262467_trans%2B%2BwQCNcjnSFbNUHxpqQd_w5ZXiz3kMxWeckdbQy1i3tFo.jpeg
Rent to Rent Brexit guidance failure
Ministers have so far failed to publish any guidance for landlords about the implications of Brexit for the Right to Rent scheme.
Under this scheme landlords are responsible for checking the immigration status of their tenants with the prospect of prosecution if they know or have “reasonable cause to believe” that the property they are letting is occupied by someone who does not have a right to rent in the UK.
Minimum EPC Ratings Scotland
Scottish Government were intending to introduce minimum EPC rating effective April 2019. This has been delayed and proposed legislation is that the minimum requirements are now due to come into effect April 2020, initially set with Band Rating E, rising to Band D from Apr 2022
Over-valuing: agents fight back after press allegations There’s anger in the industry over an article in The Times which accused agents of overvaluing properties – although why this was happening was unclear in the story.
The accusation was based on an analysis of Zoopla listings showing how many properties had their asking price cut before selling.
The piece said the overvaluing… https://www.estateagenttoday.co.uk/ https://www.estateagenttoday.co.uk/upload/Gazumping-400×310.png
New blow for Purplebricks as onliners’ market share dips again There’s more bad news for Purplebricks: after a shock 80 per cent downgrading of its stock value by a bank on Friday, a new survey suggests the agency’s market share has dipped in relation to other online firms.
The Advisory, a data consultancy, collates this data using listings on Zoopla.
Once again… https://www.estateagenttoday.co.uk/ https://www.estateagenttoday.co.uk/upload/Purplebricks-2019Logo-400×310.jpg
Portal expert takes senior role in new FIA Independent Agents’ group Estate Agent Today can reveal that the new Federation of Independent Agents has recruited an expert from the two leading portals and a range of PropTech platforms to become its membership chief.
Neil Comper will be joining the FIA next month to lead the nationwide rollout of the group, launching in… https://www.estateagenttoday.co.uk/
Countrywide “investible again” says bank – and even Foxtons is upgraded The investment bank which on Friday put Purplebricks under the cosh has now given a boost to two High Street estate agencies that had previously been in trouble – Countrywide and Foxtons.
Berenberg, a respected financial institution which sends investment notes to its High Net Worth clients, made a scathing attack… https://www.estateagenttoday.co.uk/
Research reveals time it takes to save for a deposit has fallen
The average time it takes for a single first time buyer to save for a 15% deposit in England and Wales has fallen but it still takes over 10 years, new research has found. The amount fell to 10 years and three months in the fourth quarter of 2018, six months less than two year […]
The post Research reveals time it takes to save for a deposit has fallen appeared first on PropertyWire.
Property prices fell in March, cancelling out gains in February, latest index shows
House prices in the UK fell by 1.6% in March to an average of £233,181, correcting the rise recorded in February, the latest lender index shows. But on a quarterly basis they increased by 1.6% and year on year prices are 2.6% above where they were in March 2018, according to the figures from the […]
The post Property prices fell in March, cancelling out gains in February, latest index shows appeared first on PropertyWire.
Call for new Construction Minister to take action on home standards and quality
The new Construction Minister Andrew Stephenson is being urged to raise quality and standards in the home building industry by introducing licensing. Stephenson, MP for Pendle in Lancashire, was given the job after the pervious Minister Richard Harrington resigned over Brexit. ‘I warmly welcome Andrew Stephenson into his new role and I look forward to […]
The post Call for new Construction Minister to take action on home standards and quality appeared first on PropertyWire.
Prime property markets in England and Wales remains strong despite Brexit
The underlying demand for prime property across England and Wales remains strong with the latest figures showing an increase in offers made and properties sold subject to contract. Prime property prices in regional markets in England and Wales fell by 0.8% over the first three months of 2019, the third consecutive quarter that average prices […]
The post Prime property markets in England and Wales remains strong despite Brexit appeared first on PropertyWire.
Investors with property portfolios not put off by Brexit, survey suggests
While there is a consensus that Brexit has been having an impact on the property market, especially in London, a new piece of research suggests that those investing in buy to let are not put off. More than half, some 57%, of property investors are not changing their investment strategy, according to an independent survey […]
The post Investors with property portfolios not put off by Brexit, survey suggests appeared first on PropertyWire.
Purplebricks stock downgraded 80% by investment bank Analysts at Berenberg Bank have sharply reduced their price target for Purplebricks by over 80 per cent from 470p to 80p, accusing the company of having “flown too close to the sun”.
The investment consultancy has also downgraded the stock from a Buy to Sell rating, prompting a sharp fall in Purplebricks’… https://www.estateagenttoday.co.uk/upload/Purplebricks-2019Logo-400×310.jpg
Our webinar about LLP’s is now available on demand
This 64 minute webinar, recorded live on 6th April 2019 is now available to view on demand and free of charge.
The main presenters are:-
- Mark Smith, Barrister-At-Law and Head of Chambers at Cotswold Barristers
- Mark Alexander
The post Our webinar about LLP’s is now available on demand appeared first on Property118.