Posts by EAN Breaking News
£2.2 million investment in to GetAgent
The estate agency comparison concept that is GetAgent has recently raised a sum of £2.2 million from a selection of investors to include Christian Woolfended (PhotoBox). GetAgent are said to be receiving 10,000 enquiries a month via their platform, 50,000 home sellers Helped and over 5,000 agents registered to their service. GetAgent.co.uk (currently they do not…
Read MoreKFH Pay a Pound Forward for London Youth
To celebrate their third year of partnership, Kinleigh Folkard & Hayward (KFH) has pledged to donate £1 to London Youth for every property valuation undertaken across residential sales or lettings during 2019. The scheme, known as ‘Pay a Pound Forward’, will contribute up to £30,000 towards KFH’s 2019 fundraising target of £80,000. These funds will…
Read MoreThe Guild says that it leads in the industry in market share?
According to figures provided by Twenty EA, an independent statistics provider, as a collective group, The Guild of Property Professionals currently has the highest percentage of market share of new instructions in the UK at 5.17%* (1st January – 7th March 2019), with the next estate agency brand representing 3.98%*. Iain McKenzie, CEO of The…
Read More£3 Billion affordable housing promised? by Government
The Chancellor Philip Hammond today announced that the government has planned a budget of £3 billion that will be put towards the supply of affordable housing thus around 30,000 affordable homes. The government are not in many people’s good books as of late and especially with their comical handling of the democratic vote to leave…
Read MoreReaction to the Spring Statement from Iain McKenzie
Iain McKenzie, CEO, The Guild of Property Professionals “Aside from announcing a new £3 billion Affordable Homes Guarantee scheme, the Spring Statement didn’t deliver much for the property market, which was expected given the lack of stability in the political arena and the no-deal Commons vote later today. What is needed are measures to improve…
Read MoreNFB: starter homes are a non-starter
Kit Malthouse admitted that the Government will fail to keep its 2015 election promise to build 200,000 starter homes by 2020. In 2016, the Government allocated £1.2 billion to the ‘starter homes’ programme, which aimed to build 200,000 properties exclusively for first-time buyers at a 20% discount on their market value. When asked how many…
Read MoreFirst Time Buyers is said to be 50% of Scotland’s Property Market
Latest figures released by the Bank of Scotland First-Time Buyer Review show that first time buyers account for 50% of all house purchases within the country – 34,519 in 2018 which is an increase of 56% from 22,100 only a decade ago. It is also revealed that 50% of all house purchases with a mortgage is…
Read MoreFlat Pack Homes way forward for Welsh housing association?
Innovative, fast, cheaper and more could be thought of when flat pack is mentioned for homes – The new way forward is being built by The flat-pack communities being built by a Welsh housing association, Grŵp Cynefin, in a community of modular homes near Corwen in Denbighshire. Said to be the future of house building (maybe…
Read MoreTPO Issues Guidance to Agents on Dual Fees
Disputes over Dual Fees, where two estate agents have been instructed and both are claiming a fee for selling a property, have always been a regular cause of complaint to The Property Ombudsman (TPO). In 2017, TPO received 32 cases relating to dual commission fees, in 2018 there were 72 cases and so far in…
Read MoreHolloway prison to make way for 1,000 New Homes
A deal in the region of £81.5 million with the housing association Peabody will see Holloway Prison, that is in the location of north London, being turned in to 1,000 homes. The site totals 10 acres and is famous for having held as inmates Myra Hindley and Rose West. It is hoped that 600 homes…
Read MoreBREXIT: The Guild’s National Advisory Council Update
While the government has put several incentives in place to boost the first-time buyer’s market, the uncertainty surrounding Brexit and its full impact on the housing market, deposit requirements and property prices have left many would-be homeowners waiting on the side-lines for now. “Over the past couple of years, the government’s initiatives to increase first-time…
Read More4,000 New homes planned for Attleborough
A big 217-hectare site development is planned for Attleborough with 4,000 new homes and two new schools – Outline plans show construction of a new £18 million link road, neighbourhoods centres, sports pitches, shops and a petrol filling station. The project is set to almost double the size of the Norfolk market town. It is…
Read MoreRogue Estate Agent in Watford fined £70,000
More tidying up of the industry as we see another rogue estate agent gaining a £70,000 fine due to letting out dangerous properties even after his licence was withdrawn – Big punishments are needed in order to boot this out of the industry so this latest news will be well received from those professionals that…
Read MoreWill the Spring Statement include much for the property market? Chestertons thinks not.
The Spring Statement is now the government’s public response to the forecasts from the Office for Budget Responsibility, with the full Budget delivered in the autumn. Falling just two weeks before Brexit, this is one not to be missed. But will the Chancellor announce any changes for the property market? Given what is happening in…
Read MoreLoss after tax of £218.2 million – Countrywide PLC
Recently released figures for Countrywide PLC – Preliminary statement of annual results for the year ended 31 December 2018: Quote taken from official London Stock Exchange website: “2018 was a year of reset for the Group. Significant progress was made on the implementation of our “back to basics” principle in Sales and Lettings first announced in…
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