UK property transactions drop for end of 2018

Property Transactions Count report from HM Revenue & Customs (HMRC) showed us that the negative vibe on property here is still quite vulnerable as latest figures show a drop (0.1%) towards the end of 2018. The provisional figures for December 2018 showed 102,330 residential sales across the UK with a larger drop on non residential…

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Property Ombudsman response to ‘Strengthening Consumer Redress in the Housing Market’

Katrine Sporle, Property Ombudsman, The Property Ombudsman: “The response to the Government’s consultation into strengthening redress in the housing market is largely positive. We welcome the opportunity by MHCLG to work collaboratively with the existing redress schemes (The Property Ombudsman, Housing Ombudsman and Property Redress Scheme) in the interest of all consumers to provide greater…

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House price growth in East Midlands above national average

Big price reductions in London and many other regions across the UK are hitting the headlines whereas other locations seem to be bucking the trend or at least holding out for longer. With the national house price growth figure at 3.4% both East Midlands showing a 5.5% growth and West Midlands showing 5.3% are performing…

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9.9% drop in property prices for Sydney in 2018

A recent report in the Domain.com.au website reports that Sydney’s real estate situation took a hit on values in 2018 as a 9.9% fall in prices was recorded ($120,000 in total value). A total of 11.4% drop has been seen since the mid 2017 peak. The fall in real estate value is apparently the worst…

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John Lewis announces store to close in Southsea

With 127 jobs at risk, John Lewis is said to be looking to close Knight & Lee & Partners in Southsea it has been recently reported. As of October 2018, the John Lewis Partnership operated 52 John Lewis stores throughout Great Britain (wikipedia) though their smallest store based in Southsea is under threat of closure following…

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3 Xero Apps for Successful Estate Agents

There is a lot to love about Xero as an online accounting package. For example, did you know that Xero integrates with hundreds of third-party apps covering nearly every sector of small business? Third-party app integration is just one of the many things that make Xero so outstanding as an accounting package for businesses owners.…

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Landlords are offloading around 3,800 properties a month

The UK is awash of landlords from accidental ones to those owning portfolios of 100’s. The landlord business has in the past been fairly lucrative though recent times this sector has been hit with many additional costs such as stamp duty surcharges. The sector is said to be worth £239 million though is it about…

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Nick Candy acquires the fallen Blippar

“Blippar was the name of a technology company that specialised in augmented reality and of the mobile app it made. The company was founded in London and had offices in Singapore, Tokyo, New York, Amsterdam, Mountain View, San Francisco, Chicago, Los Angeles, Bangalore, Istanbul, & Delhi.” wikipedia Vaired news outlets have reported on the recent purchase…

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Trends in the Australian Property Market to Look Out For in 2019

The years between 2012 and 2017 were some of the most significant growth years in the Australian property market. However, over the past year, the median property price across state capitals has dropped by as much as 5 per cent. That period of growth had rendered properties unaffordable especially in Sydney and Melbourne. The dip,…

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London most expensive ever mansion sells for £95 million

A cool £95 million pound was the price that secured the mansion on Carlton Gardens that is located just around the corner from Buckingham Palace. The buyer is said to be a Ken Griffin who is a hedge fund manager with an estimated worth of £6.8 billion. 3 Carlton Gardens sits on a road that…

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HOW ESTATE AGENTS CAN BUILD THEIR ONLINE REPUTATION

When it comes to building online reputation, Google is king.  It is estimated that over 90% of consumers google a business before financially engaging with it. The good news is that if estate agents have secured positive reviews and any third-party blogs have said only good things about them, their online reputation will be secure.…

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Cluid Housing Association get go ahead for more social housing

Planning approval to build 11 new homes for a social housing estate in Letterfrack has been granted. Cluid Housing Association submitted their plans for the second phase of a social housing project to be placed to the east side of Letterfrack (phase 1 was completed in 2016). The project will see the development build ten…

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House prices in Wales reaching new records

Principality Building Society have stated that house prices in Wales have reached an average all-time peak value of £186,699 with a price growth in Q4 at 0.3% compared to the previous quarter (though slightly slowing in pace). House sales in 2018 have remained approximately the same compared to 2017 figures with around 50,000 sales. Only…

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New Partnership Offers Agents Auction Option

Estate agents across Scotland are to be offered the chance to include the option of selling their properties through auction thanks to the establishment of a pioneering partnership. Gilson Gray Property Services, the property arm of leading Law Firm Gilson Gray, have teamed up with Pattinson Auction, the UK’s fastest growing auction house, in a…

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