Posts by Allen Walkey
Foxtons Group plc, London’s leading estate agent, today announces its financial results.
Foxtons today announced their financial results for the year to Dec 31st 2014. reporting an overall 8.2% increase in profits, they offer a balanced business with sales at 48.5%, lettings at 46.8% and mortage broking at 4.4%, Sales volumes reduced 3.7% for the year due to a market decline in the second half of the…
Read MoreZOOPLA… Record levels of Consumer traffic.
It will be sometime yet before the picture clears as to the way the main property portals are performing and which computation proves the best one for any particular agent or group of agencies to adopt. It is just about a fortnight now since the launch of Onthemarket.com and during that period there have been…
Read MoreOnline agents… Where are they headed?
Since the announcement by Agents Mutual last year that they would be launching a completely new property portal namely Onthemarket.com there has been a concentrated coverage by the media on the subject, including all the pros and cons of having a new property portal, comments from agents and their reactions to the “one other”…
Read MoreLondon House buyer enquiries decline.
A recent report out by The Royal Institute of Chartered Surveyors highlights a decline in the number of new buyer enquiries in December as compared to November last year, Estate Agents expect this weakening of demand in the capital to lead to a drop in house prices of around 5% average during 2015. Many would…
Read MoreClients may question the choice of “other agent”.
Figures are beginning to be released as to which other portal agents are choosing who have opted to join Onthemarket.com, a report from Exane BNP Paribas says more agents are so far known to be leaving Zoopla than expected – a total of 764 branches, the launch of estate agent owned portal Agents’ Mutual is…
Read MoreNew sites will add to competition online .
Where ever we seem to look these days there seems to be changes taking place within the property industry, the portals sector appears to be attracting the most attention, most readers who follow blog sites like this one will have seen a string of announcements recently re sites being launched. Lets run through a few…
Read MoreThe average UK house price.
The start of the new year always comes with predictions and comparisons, that is to say looking back over the previous year’s housing activity and data and looking forward to how the property market may perform on a monthly, quarterly or yearly basis. One of the main figures used to indicate performance is the average…
Read MoreSqueeze on non standard mortgage availability.
More news is out today that mortgage availability continues at a reduced level, those affected in the latest tightening of rules are the non standard mortgage applications where people wish to borrow in excess of 90% add this change to the maximum loan to income (LTI) ratio on which has dropped significantly according to the…
Read MoreUK house price growth slows in last quarter of 2014.
The Guardian reports that according to the Nationwide Building Society UK house price growth slowed sharply in the last 3 months of 2014, this cooling off of prices was most apparent in 3 regions of the UK..the north west..Yorkshire and Humberside..and Wales where it was recorded that there were outright price declines in the final…
Read MoreMortgage approvals drop compared to same time last year.
As we approach the end of the year not such a cheery note as far as mortgage approvals are concerned, High street bank mortgage approvals were down 20 per cent in November compared with the year before, new figures from the British Bankers’ Association (BBA) research have shown. Along with the mortage figures also house…
Read MoreFly on the Wall.
Being a fly on the wall these days in the boardrooms of either Rightmove or Zoopla would be very interesting indeed, I am sure the only subject that is being discussed by the directors at present is the effect that onthemarket.com will have on their business from Jan 26th 2015 onwards. Their major concern of…
Read MoreNovember saw house price falls in London.
More evidence that the London property boom is cooling comes from a report from Haart, figures in the month of November show an average decline in property prices across London of 1.9%, there were wide variations in reported percentage changes across the Capital with some boroughs showing some exagerated drops. Haart said prices in north…
Read MoreWill they trip at first hurdle?
The launch date now fixed for the 26th January by Agents Mutual for their online property portal www.onthemarket.com open only to full-service office-based estate and lettings agents. The founding members of Agents’ Mutual are Savills, Knight Frank, Strutt & Parker, Chesterton Humberts, Douglas & Gordon and Glentree Estates, an impressive list to say the least…
Read More“Property Portals” what’s new for 2015.
When we speak about Property Portals who do we automatically think about?…Rightmove..Zoopla…Primelocation..and probably in that order, most agents would agree that the top spot is a straight contest between Rightmove and Zoopla. Different agents have their different reasons for choosing the portal most suitable to their marketing strategy and the region they cover, agents do…
Read MoreUK house price inflation cooling.
Average house prices increased by just 0.1% from the previous month to £271,000, the slowest growth since March, when prices fell by 0.4%, according to the Office for National Statistics. House price inflation measured on an annual basis cooled to 10.4% from a seven-year high of 12.1% in September. London and the south east house…
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