Posts by EAN Breaking News
Fears 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…
Read MoreMulti Million pound mansions abandoned in London?
As you do, or maybe it is just a severe habit I have, I spend a fair bit of time browsing on Youtube and seem to go from one topic to another, mostly what videos are suggested for me are usually up my street as such to include one recent upload regarding ‘Billionaires Row BRITAINS…
Read More“60% of houses listed reportedly have initial price reduced before they’re sold”
A recent article on the Daily Mail online website leads with the title that estate agents are purposely increasing the valuation they put on to property in order to gain higher commission on sales. An alarming figure of almost 60% of houses listed have reportedly gone on to be reduced before being sold. Average price…
Read MoreHousing associations join forces to build 106 affordable homes
Both the GHA and Provanhall Housing Association are combing efforts and constructing the new, energy-efficient houses and flats at Auchinlea Road to provide Easterhouse with 106 new affordable homes a block of 21 flats will be designed to help older tenants live more independent lives. The £14 million development which will see 80 homes delivered…
Read MoreMalaysian Institute of Estate Agents identifies illegal #PropTech Brokers
An interesting story released on The Sun Daily website written by Eva Yeong highlights the issue that is occurring with illegal proptech companies which are operating real estate practises – The Malaysian Institute of Estate Agents (MIEA) are behind the recent report. MIEA CEO Soma Sundram was quoted as saying: “We have identified 12 companies…
Read MoreLondon market endures worst rate of decline in a decade as UK market trudges on
Comments re the latest Nationwide House Price Index: Founder and CEO of Yomdel, Andy Soloman, commented: “A tad ambitious to expect anything other than subdued market conditions given that we remain very much in the eye of the political storm that has been building since June 2016. However, despite this and the continued trepidation shown…
Read MoreHousing affordability worsens to 7.8 times salary
We all know that property prices are too high and especially rental costs. We have seen rocketing prices in recent years though relief seems to be on the horizon as prices are cooling off and in deed falling in many areas and with the Monty Python Flying Circus team, opps sorry, I meant the Government…
Read MoreDublin Property drop €7,500 in value so far in 2019
Good news for those first time buyers, bad news for investors – Property prices in Dublin have seen a three month decrease in 2019 with an average of €7,500 being whipped off values (according to REA Average House Price Index). It is one of these negative yet positive figures, were the average house prices are…
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