Posts by EAN Breaking News
£30 million funding received to unlock 760 homes in the Essex
Positive news for the county of Essex as Homes England gives Swan Housing Association and Basildon Borough Council £30 million in order to provide 760 homes within Basildon. The regeneration programme will receive the loan in order to work on the Craylands Estate and Laindon Place – 110 homes will be affordable and the project will…
Read MoreSeven Hills Business Park in Edinburgh sells for £15 million
An Edinburgh business park has sold for £15 million to UBS-AM property investment fund – The 76,000 square foot industrial space is due to be completed by Autumn. Seven Hills is said to be the biggest industrial space built on spec for 20 years in Scotland. The space includes 11 units and holds already the…
Read MoreA look at property related Crowdfunding projects week 12 of 2019
There will always be one type of start up within the property industry that is looking to raise some finance, here is a quick overview of which are looking for what across Crowdcube and Seedrs – Know of any more this week then let us know! Crowdcube: Propio – Propio is changing the way that people invest in property. With £7.5m+…
Read MoreNo more ‘No DSS Please’, Love from Zoopla…
Zoopla, who are said to host around 1 million listings on their website, have stated that the phrase of ‘no DSS’ (DSS: now-defunct Department for Social Security) with regards to rental adverts will be banished in the next few weeks. The restriction was looked in to by both Shelter and National Housing Federation. Terms and…
Read MoreCoreLogic warns that Perth is heading for 5 year price plunge
The recent trend in property prices for Perth has seen declines and much negative press starting from approximately back in June 2014 when prices were at their peak. Since that time there has been a fall of 17.8% with some predicting that the market is bottoming out, though many others feel that prices may have…
Read More£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…
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