Breaking News
HMRC shows transactions down 9.6% month on month – Industry reaction
Director of Benham and Reeves, Marc von Grundherr, commented “Scary reading on the face of it, but it’s important to note that this data is reported with a bit of a lag and so the level of transactions being relayed are really those accepted back in March. With many of us, perhaps foolishly, believing we…
Properganda PR
Housing market will remain Bojo proof as Boris gets the keys to No.10
Director of Benham and Reeves, Marc von Grundherr, commented: “A new prime minister and a clean slate can bring a rejuvenated air of confidence to the UK housing market but while Boris does have a fairly good track record when it comes to housing, he’s probably not the steady hand on the tiller that many…
Properganda PR
Tenant demand uplift seven times the norm as Tenant Fees Act comes in
-Demand from tenants looking for a new place increased 7% between May and June, an uplift seven times bigger when compared to the previous four-year average of just 1% at this time of year -In London there was a 13% increase in demand from May to June, compared to a four-year average of 4% -Agents…
Rightmove
Sadiq Khan’s rental freeze proposal is ‘laughable’ and ‘isn’t far short of idiotic’
Co-founder of ideal flatmate, Tom Gatzen, commented: “A quite frankly laughable proposal from Sadiq Khan and one that reeks of desperation. During his time in power, his severe failure to deliver on the number of new homes promised has contributed massively towards an over-reliance on the London rental sector. This demand has pushed rental prices…
Properganda PR
Gov announce revolutionary changes to regulate the estate and letting agency sector
Director of Benham and Reeves, Marc von Grundherr, commented: “Any form of regulation is a step in the right direction and a step that the industry has been needing for a long, long time. Really, we would like to see this regulation stretch to all of those operating in the sector, whether they be…
Properganda PR
Industry comment on the latest UK House Price Index
Marc von Grundherr, director of lettings and estate agent Benham and Reeves, commented: “The market may continue to be dampened by price growth in London and the South East, but any transaction at a premium level will take longer to materialise and so it will take time for these regions to regain the momentum…
Properganda PR
Only these professions can afford to survive in the UK rental sector
Many experts believe that no more than 30% of your income should be spent on rent, while innovative lettings platform, Bunk, requires a tenant’s salary to be 2.5 times the annual rental cost of a property. But how realistic is it for a tenant to tackle the UK rental market head on and which of…
Properganda PR
Why online agencies have been told they will not be approved by ELAA-UK
Following the recent decision by The Estate and Letting Agents Association UK not to approve online only agencies a number of them are asking for an explanation as to why they are not approving their applications. As a result The Estate and Letting Agents Association UK (ELAA-UK) has released a statement explaining why they have…
EAN Content
One 77 Mortgages launches pre-qualification software to simplify mortgage process for consumers
Leading property finance specialists, One 77 Mortgages, has launched unique mortgage qualification software that will allow would-be home buyers to establish a lender’s likelihood of accepting them in minutes, bypassing the initial protracted process of phone or face to face qualification. Recent research has found that 76% of millennials and 68% of the older generation…
Properganda PR
UK House Price Index May 2019
The May data shows, on average, house prices have risen by 0.1% since April 2019. There has been an annual price rise of 1.2%, which makes the average property in the UK valued at £229,431. England In England, the May data shows on average, house prices have risen by 0.1% since April 2019. The annual…
HM Land Registery
UK Estate Agent fees amongst the lowest in the world
The Estate & Letting Agents Association UK (ELAA-UK) has conducted research that shows UK agents charge some of the lowest fees in the world. The association conducted the research as a part of it’s campaign to show consumers the many benefits of using a high street or ‘traditional’ agent. ELAA-UK aims to show consumers the…
EAN Content
Get Generation Rent working for you and boost your income by £8,000 a year
There is an increasing trend spreading across the UK whereby we now rent much more of the things we use rather than buying them outright. From our phones, our cars, our homes and even the things within them, the freedom that renting rather than buying provides is resonating with the new generation of consumer –…
Properganda PR
First drop in prices this year signals buyers’ market in second half of 2019
The price of property coming to market falls by 0.2% (-£656), the first monthly fall so far in 2019 Key metrics indicate a buyers’ market in the second half of 2019: Less property is coming to market, but it is taking longer to secure a buyer, so estate agents’ average stock per branch is at…
Rightmove
Nottingham City Council to buy more homes to meet housing need
Nottingham City Council has approved plans to buy back more than 250 former council houses. The four-year scheme, which was approved at the Council’s Executive Board meeting on Tuesday 18 June, will involve more than 300 purchases and also include some newly-built homes, as well as houses and flats that have previously been bought…
EAN Content
Room rents rise 8% in the wake of Tenant Fee Act but seasonal demand decline hits some cities
Leading room share platform, ideal flatmate, has released it’s Room Rental Index for the second quarter of 2019, looking at the cost of renting a room across the UK’s major cities. Ideal flatmate crunched the numbers from more than 29,000 room share listings on its site added between April and June and found that in…
Properganda PR