Posts by EAN Breaking News
50% of UK land is owned by 1% of the UK’s population
Quite an alarming headline that was recently released by the InsideHousing website – It would appear that the country is owned by a select few as quoted by Labour MP Jon Trickett in that ‘a country for the few not the many’. It is said that the Queen and Duke of Buccleuch own 30% of…
Read MoreDubai Property Prices down 27% and Rentals down 9%
It would appear that Dubai is suffering in its real estate sector with property prices down 27% and rentals down 9% quoted in a report released by the Gulf Business website. The article concentrates on prices between now and back to the market peaks of mid 2014 – Prices in Q1 2019 fell 12.5% year…
Read MoreDexters purchase London & Surrey arm of rival Jackson-Stops
No price has yet been shared, but recent news is that the estate agency chain in Dexters UK have purchased the London and Surrey arm of rival Jackson-Stops meaning they will take over the 11 offices including Mayfair and Pimlico. The purchase will grow Dexters to 106 branch offices and goes against the current negative…
Read MoreLabour MP Chris Bryant made £649,500 in gross profit – Paid by YOU the taxpayer??
The Wales Online website has reported on yet another MP sitting handsomely on tonnes of property equity and cash thanks to the tax payer whom of course are not even respected enough to have their democratic vote respected hence the cesspit of a mess within the current government and house of commons / lords that…
Read MoreNegative Equity fears for Australian households
That dreaded phrase, negative equity, which has been clear of the headlines for many years here in the UK, but halfway across the globe it is a rumour that has a growing trend and likelihood of rearing its ugly head. “Risks to the household sector have increased over the past six months given weak housing…
Read MoreNew Global CEO for JLL
It has been recently announced by JLL a new Global CEO in Neil Murray will soon be in place. He will be succeeding John Forest who is leaving the role to return to Australia – Mark Caskey will succeed Neil Murray as EMEA CEO, Corporate Solutions. Changes are expected to take place on June 1st…
Read MoreDublin property price growth rate now slowing
Dublin residential property prices are still rising yet at a much slower rate seen by the 4.3% growth from February 2018 – 2019 compared to 12.5% from February 2017 – 2018. This represented the slowest growth rate since 2013. Dermot O’Leary, chief economist at Goodbody was quoted as saying: “Ongoing moderation in house price inflation…
Read MoreFears of a 16% drop in property prices for Melbourne
Negative news for property prices in Melbourne with an outlook of a sharp drop in prices for 2017 with a figure of up to 17% being estimated. An average of 7.7% drop is expected in major cities with Melbourne set to suffer the sharpest drop. The figures by Moody’s Analytics also say that real estate…
Read MoreMeridian Estate Agents charged with 11 offenses
An article in the Bournemouth Echo website reports that Meridian Estate Agents has been charged by Bournemouth council’s Trading Standards team with eleven offences that come under the Unfair Trading Regulations to include five counts of trader engaging in commercial practices being ‘misleading’. Owner Mr Illsley, of Southbourne, had originally been charged with eleven offences…
Read MoreProperty ‘magnate’ empire collapses owing £27 million
A so called Blackburn property magnate has seen his empire go under and ended up owing £27 million. Stewart Day (former Bury FC chairman) has a big bill on his hands now owed to the creditors with many investors, corporate lenders and consumers set to also lose out on deposits and fees paid under terms…
Read MoreFulton’s Solicitors and Estate Agents acquired by Gildeas
Fulton’s Solicitors and Estate Agents, with offices in Mount Florida and Clarkston, has recently been acquired by Gildeas conveyancing practice. The merger will take place with Fulton’s who will continue to trade separately under their own brands. Gildeas director Colin Ferguson was reported as saying: “We are delighted to have completed the acquisition of Fulton’s…
Read MoreIncreasing rent rises due for home owners in Ireland thanks to corporate investors
A new forecast is stating that genuine renters will continue to suffer with Irish property thanks to heavy investments from corporates looking to make their share holders richer – Long gone are the days when a home was a home, now it is simply a way for businesses to make money so it would seem…
Read MoreNewly Formed FIA Means Business – Signs Up Big Hitting Supplier
Fresh from recent news that Graham Lock is about to launch the Federation of Independent Estate Agents (FIA), is the announcement that one of our industry’s best known suppliers has agreed to partner with them. Yomdel, the 24/7 managed live chat, mystery shopping and customer experience expert, has today said that they will be supplying…
Read MoreEstate Agency Group sees revenue dip thanks to a ‘subdued’ market
The franchised sales and lettings agency Hunter Property who have their headquarters based in York have seen a rise in profits yet a fall in turnover following annual results being released on their year to year business up to 31st December 2018. Their net income rose a marginal amount to £39.4 million which is up…
Read MoreTime it takes to save for a house deposit falls due to slowing housing market
Good news for buyers in that recent figures released in an article on the Bournemouth Echo website shows that the time needed to save for a deposit for a house has fallen. Now standing at 13 years, which to be honest is a ridiculous situation as it is, a single person in the south west…
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