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The postcodes where home sellers are paying £36.5k to sell – UK estate agent fees revealed
Estate agent comparison website, GetAgent.co.uk, has revealed where home sellers are forking out the most money to sell their home based on the average percentage fee being charged and what this translates to on the average house price in that area. GetAgent’s data shows that estate agents across the UK are currently charging an average…
Properganda PR
ELAA-UK launches new initiative to help Agents
The Estate and Letting Agents Association UK (ELAA-UK) has always assisted it’s members to increase revenues, brand awareness and customer satisfaction as well as advise agents on how to turnaround new instructions as quickly as possible so it was no surprise when they announced that they were going one step further by launching a new initiative…
EAN Content
Monthly mortgage approvals hit second highest level in over two years
Managing Director of One 77 Mortgages, Alastair McKee, commented: “While slightly below forecast, the latest figures show a very healthy level of mortgage approvals and the second-highest monthly total in over two years. This is a very positive sign for the UK property market and suggests that things are finally heading in the right direction…
Properganda PR
Boris must hit the ground running
Boris Johnson has been elected as leader of the Conservative Party and will officially take over as prime minister on 24 July. The former mayor of London has promised to take Britain out of the EU by 31 October 2019 with or without a deal. The National Federation of Builders (NFB) congratulates Boris Johnson on…
National Federation of Builders
ELAA-UK issues new report on various Brexit scenarios and it proves to be interesting reading
No one can deny that Brexit has had an impact on the UK market but how much of an impact has it really had and how much could the different Brexit scenarios affect the UK housing market in the future? The Estate and Letting Agents Association UK has published an in-depth report today categorising…
EAN Content
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