Breaking News
North Yorkshire County Council sells off £12 million of Property
North Yorkshire County Council was said to have made £12 million by selling off property and land in its portfolio over a four and a half year period. The sale of real estate included 68 public buildings and spaces between January 2014 and July 2018 with the biggest sale being New House Farm in Ryedale…
EAN Breaking News
LSL Property Services pre tax profits slide 42%
With leading estate agency brands of Your Move and Reeds Rains to its name, LSL Property Services has released unsurprising negative profit figures for 2018 with a turnover of £324.6 million and pre tax profits of £23.1 million which is a 42% drop. The group which operates over 200 estate agent branches along with a…
EAN Breaking News
Blackpool FC remove Oystons Estate Agents sign – Fans rejoice
Blackpool football club have taken down the Oystons Estate Agency sign from their stadium to the delight of many of their fans whom resented it being there. Bloomfield Road is the home of the famous football club Blackpool for whom Stanley Matthews was one of their most famous players. On 25 February 2019 Oyston and his…
EAN Breaking News
Property Alliance Group sees profits double to £11 million
The developer Property Alliance Group with a wage bill of over £2 million saw an annual profit increase from £5.7 million to £11 million up to June 2018. Despite recent troubles that saw a legal battle lost against one of their own former bankers costing the firm £1.3 million (with a further £3.2 million set…
EAN Breaking News
Buy-to-Let Developer Jailed for Six Months
The Financial Conduct Authority (FCA) led an investigation and ultimately a successful case against a buy-to-let developer who ran unlawful property schemes and also mislead varied investors in African Land and Reforestation Projects. Good news that a continuation of cleaning up the industry is taking place to route out the illegal nonprofessionals. Sentence passed was…
EAN Breaking News
Countrywide fined £215,000 re overlooking Money Laundering
UK estate agency brand Countrywide has been reported to have received a fine of £215,000 following failing to comply with the rules set for spotting dirty money – This follows an intensive programme from the government (Her Majesty’s Revenue & Customs) looking to take action against money laundering within the industry. Unannounced inspections have taken…
EAN Breaking News
Rightmove network drops 2%
Maybe it is the sign of the times ie Brexit (anything that goes wrong globally is blamed on Brexit so sod it, I’ll keep the trend going) or maybe it is the recent growth of OnTheMarket who have been on an advertising and signing up agenda of recent. The ‘UK’s number one property website for…
EAN Breaking News
Hunters Property appoints new COO – Dan Rafferty
The estate agency Hunters Property has released the news that they have appointed Dan Rafferty as their new Chief Operating Officer. Mr Rafferty was previously the CIO of Foxtons.
EAN Breaking News
Brexit brings bitter taste for famous food property prices
Areas of the UK famous for their culinary exports have seen house price growth slow behind that of the UK with an increase of just 6%, compared to 7% nationally since the Brexit vote. The worst hit has been Aberdeen, although it’s likely that the declining oil industry has had the largest impact, not the…
Properganda PR
Fire at Canary Wharf
Looked at lot worse than it was (fortunately) and nobody was inured – The cause has been declared as an air conditioning unit having caught fire within the Barclays Building of Canary Wharf. The dark smoke though shocked some onlookers as it poured out from the roof area over the night sky of London. 60…
EAN Breaking News
Right to Rent scheme violates human rights?!
“You must check that a tenant or lodger can legally rent your residential property in England.” as stated on the offical gov.uk website – Seems a pretty sensible enough statement to me… The Right to Rent scheme is though said to be seen as causing racial discrimination so the High Court has found – It violates the…
Christopher Walkey
MP salary growth set to outstrip UK house prices for a second year running
Yesterday, MPs were dubbed as ‘out of touch’ as their latest in a steady stream of pay rises pushed the average salary to just under £80,000. With this consider and with the UK housing market continuing to see price growth stutter as a result of Brexit uncertainty, the latest research by Benham and Reeves highlights…
Properganda PR
PM’s offer to delay Brexit spells further uncertainty for UK construction
The prime minister has pledged that MPs will have three chances to vote on the next stages of the process to leave the EU. Theresa May promised the House of Commons to hold a meaningful vote on the withdrawal agreement on 12 March. If the deal fails, the Government will ask MPs on 13 March…
National Federation of Builders
London still on property investment pole position since the recession despite Brexit uncertainty
The latest research by one of London’s largest independent sale and lettings agents, Benham and Reeves, has highlighted the stamina of the current London market despite the current political uncertainty surrounding Brexit. Benham and Reeves looked at the UK property market since the end of the Great Recession and how it has fared until now…
Properganda PR
FUNDING SECURED FOR 407-BED STUDENT SCHEME ON PRIME LEEDS SITE
Gregory Property Group has announced forward funding and started on site to deliver a prominent, new 407-bed student residential scheme on the edge of Leeds city centre. Planning consent was granted in November last year for the £30 million plus scheme located on a prominent site on Bingley Street. Until recently, the site was occupied…
EAN Breaking News