Posts by EAN Breaking News
Boom to bust cycle fears for Irish property market?
Concerns over a boom to bust cycle for the Irish property market have been spoken about in the online Irish Times channel. An influx of foreign investors are seen to be the main cause of concerns of a new surge on no foundation situation – more and more borrowing being the fuel of the market…
Read MoreJonathan Waters Estate Agents leaves tenants and landlords £30,000 out of pocket
A news report on the Ipswich Star website explains how an estate agency in Ipswich has left both tenants and landlords out of pocket following going in to liquidation. £30,000 of deposits have supposedly gone missing though should have gone in to the government backed protection scheme in order to safe guard the money. The…
Read MoreLandlord & Property Management firm fined £16,000 in Colchester
A news story just up the road from us, Saxons Lettings and Management Ltd along with Jide Olugbodi have been fined a total of £16,000 for ignoring complaints from tenants re poor living conditions within an unlicensed property. The five tenants within the property on Albany Gardens in Colchester had issues to include cooker and…
Read MoreNew guidance on commissioning services in new homes
The NHBC Foundation today publishes a guide that helps site managers oversee the many commissioning activities that are important to a smooth build programme and delivering high quality homes for home buyers. At your services – What to expect during commissioning – produced in collaboration with BSRIA, is a response to the ever-expanding family of…
Read MoreRussell Quirk: ‘Online estate agents will only ever be 10% of the whole industry’
Russell Quirk stood up and declared he had gotten things wrong when he predicted that online estate agency would scale up to be 35% of the whole industry and many people believed in him and his company Emoov back then as he received £millions in funding to grow his business from an idea to a…
Read More1,000 New homes coming for Midlands
Countryside & Midland Heart Housing Association have signed a partnership agreement that will see 1,000 new homes to be provided to the region over the next three years (33% are already at advanced stage of development). Ian Kelley, Chief Executive, Partnerships North, Countryside was quoted as saying: “We are delighted to be extending our partnership…
Read MoreKAJIMA EUROPE AND GRIFFIN REAL ESTATE PARTNERS BUY STUDENT DEPOT
KAJIMA EUROPE AND GRIFFIN REAL ESTATE PARTNERS BUY STUDENT DEPOT POLAND’S LARGEST PROVIDER OF PRIVATE STUDENT ACCOMODATION FROM OAKTREE CAPITAL MANAGEMENT Student Depot which by September 2019 will operate 2,000 beds across five sites in Poland was purchased in a transaction worth over €60 million representing half of the Polish Purpose Built Student Accommodation market.…
Read MoreOxford City Council’s accreditation scheme deemed ‘unlawful’
The Residential Landlords Association (RLA) has told Oxford City Council that its landlord accreditation scheme is ‘discriminatory’ and ‘unlawful’ and also breaches European Union directives. A report on the Oxford Mail website shares that the words were told to Oxford City Council in relation to their private rented sector, David Smith, the policy director for…
Read MoreComplaints to The Property Ombudsman rise by 16% in 2018
The Property Ombudsman (TPO) has today [8th May 2019] released its 2018 annual report reflecting ever-increasing consumer demand for the service. The report reveals TPO received a record number of enquiries in 2018 (29,023), up 22% on 2017. Of these, 4,246 went on to be formal complaints, which also rose significantly year on year by…
Read MoreInterest in London property market from US and India soars
Interest in London residential property from the US and India has surged over the last three years, according to London estate agent Chestertons. It reports that the US has been the most active foreign country for the past three years by a considerable margin, with visits to its website from the US between January and…
Read MorePurplebricks founder and chief executive Michael Bruce ‘steps down’
News reports show that Mr Bruce has left Purplebricks with immediate effect and this follows a tumble in share price after the cut of annual revenue guidance – Vic Darvey, former COO, will be replacing him. Full story released on the Manchester Evening News website.
Read More£700 compensation after Estate Agent was in ‘breach of code of conduct’
Property owner Mr Alexander Walker received £700 compensation after he won his case against a Norfolk estate agency who were in ‘breach of code of conduct‘ following the property ombudsman finding that a lack of investigation was carried out. William’s Way estate agent were ordered to pay a fine of £700 having not checked in…
Read MoreAll female estate agency see their for sale signs stolen/vandalised
All female estate agency Manor Angels who are based in South Lanarkshire has seen a trend of vandalism and thefts with regards to their for sale and sold signs. We are sure that many fellow estate agents will share the thoughts that no business should accept such issues, all female or all male, successful or…
Read MoreBank of England gives Negative outlook for UK property prices
Recent news release from the Bank of England and reported widely across media is that UK house prices are predicted to fall this year with a figure of 1.25% – Many estate agents across the UK have been stating that price falls are already taking place and especially with asking prices having to be reduced…
Read MoreConnells Group Market Report Q1 2019
“As we entered 2019, we saw the usual new year uplift in activity severely challenged by the ongoing Brexit uncertainty as our expected exit from the EU drew ever closer. Whilst market appraisal and instruction activity during the first few weeks of the year were positive, they soon dropped back with enquiries and applicant registrations…
Read More