Posts by EAN Breaking News
Purplebricks 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 MoreClyde Property acquires portfolios of Gordon Shields and Wura Property
Clyde Property have increased their rental offering across central Scotland by acquiring the portfolios of property companies Gordon Shields and Wura Property that sees their total listings going past 3,000 and making it one of the largest letting agency portfolios in Scotland. MD Gary Thomson was quoted as saying: “By purchasing these two portfolios we…
Read MoreTasmania property peaking
Dips in property prices can occur across the globe and recent news from over at Australia show that Hobart’s long running property boom is suddenly seeing the foundations shaking under the weight with house sales having fallen 16% in the past year. The little island just off the south coast of Australia and viewed from…
Read MoreUK Construction industry output is anticipated to fall by 0.4 per cent in 2019
A recent report shared by the Construction Products Association (CPA) forecasts that the continued Brexit uncertainty will cause a downgrade in industry output for UK construction. This 0.4% fall for 2019 includes the manufacturers and distributors of construction products / materials. This will be a somewhat negative wave of news to hit the sector in…
Read MoreIntroducing a ‘clean and tidy’ clause for property buyers?
A recent news article shared us that was on the Daily Mail website speaks of the introduction of a ‘clean and tidy’ clause when it comes to selling and buying of property. Though an inventory will exist when it comes to knowing exactly what you are buying when you look to acquire a property, there…
Read MoreLandlord fined £2,551.10 for failing to fix problems for tenant
A private landlord has been fined a total of £2,551.10 for failing to deal with standard of a property for their tenant in Cornwall. A Stuart David Donnington who owns and lets out a property at Churchlands, Looe was found to have failed in fixing problems reported by their tenant to include issues with drafts…
Read More2,850 homes approved for Essex
Thurrock Council in Essex has approved plans to build 2,850 homes in a £1 billion project that will see 2,000 new jobs created for local people and a real boost for homes in the county. It should also see that 35% of the homes to be released as ‘affordable‘. This new home regeneration scheme, depending…
Read MoreTrafalgar Property Group acquires Surrey 1.3 acre development site
A recent cash deal sees Trafalgar Property Group acquiring a 1.3 acre development site with plans to build a new assisted living scheme. The site holds a former nursing home and planning permission granted for 37 units with an option to extend the project by a further 15 (predicted gross development value is around £15.1…
Read MoreEuropean property firm snap up 600 Irish homes
LRC Group which is a European property firm has been reported to have paid in and around €150 million to acquire 600 residential and commercial property from Oaktree affiliate (Targeted Investment Opportunities). The deal which will seen LRC Group take ownership of multiple buy to let properties across Dublin, Cork and Galway runs alongside other…
Read MoreGuinness Partnership take hold of 928 home development site
928 Homes will be offered via an housing association who have purchased a development site next to Leeds Docks – The Guinness Partnership have acquired the said site which will be providing 35% of the portfolio for affordable housing. The Hunslet Road site will see 600,000 sq ft of residential property and commercial space –…
Read MoreBritish Land sells off £429 million of Sainsbury’s Superstores
In a deal to appease the current brutal retail sector here in the UK, British Land has agreed to sell 12 Sainsbury’s superstores in order to tackle its sizeable retail assets and get the total that it owns down to 30% of their portfolio. The purchase is coming in from Realty Income Corporation who are…
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