Breaking News
Pakistan’s real estate portal raises $20-million.
Zameen.com, Pakistan’s fast growing property portal, closed its third round of funding with a $20-million amount invested from one of its current investors Their aim is to ge Pakinstan’s biggest property portal. Zameen.com CEO, Zeeshan Ali Khan, is reported to have said “With this incoming investment we aim to own the Pakinistani real estate space completely.” Only…
Christopher Walkey
Pressure on House prices and Rents continues.
According to a report by Your Move and Reeds Rains tenants faced the fastest rise in monthly rent bills since 2011 last year, in their monthly index it showed that rents grew by 3.4% during the year, rising £27 on December 2014 to an average £794 per month, also the percentage of all unpaid rent had…
Allen Walkey
December house price growth accelerates
According to the Hometrack December UK Cities House Price Index, City level house price growth accelerates to 15 month high on unseasonally strong market activity. City level house price inflation was showing at 11.4%, that was up from 8.9% a year earlier. House price growth across UK cities continues to accelerate on rising demand, both…
Allen Walkey
Continued crackdown on “Rogue Landlords”
Bradford Council has been granted £45,000 by the Department of Communities of Local Government (DCLG) according to a report in the Telegraph and Argus, to continue with its campaign to crackdown on Rogue Landlords offering below standard accommodation (slums), mainly flats above shops and businesses such as takeaways, In a previous report in the Telegraph…
Allen Walkey
Recovery in housing market in Europe.
Spain, Portugal and Ireland seem to be leading the recovery in the European Property market according to a recent report from the RICS (Europe) that explored the recent improvment in conditions and new trends for this market for 2016 and beyond. Attention by International Investors on the back of the relatively strong recovery in all…
Allen Walkey
‘OnTheMarket supplies us with better quality leads than Zoopla,’ says Savills
Paul Jarman, Head of Western Region Residential at Savills and a Non-Executive Director of Agents’ Mutual comments: After just a year, it’s very encouraging to see that OnTheMarket.com has already become firmly established in the top three portals. There is little doubt the business benefits from being 100% owned and controlled by full-service estate and letting agents, and no one…
Alex Evans
Housing shortages and high rents.
Zac Goldsmith the Conservative London mayoral candidate has reportedly said London needs to see housebuilding at a level last seen in the 1930s, he claims that the current housing shortage is a “social crisis.” He has vowed to double house-building in the capital, pledging to ensure homes are built at a rate of 50,000 a…
Allen Walkey
Interest rates to remain low
Governor of The bank of England Mark Carney has made assurances that now is not the time to be raising interest rates, saying that rates are unlikely to increase from their record low any time soon. This news comes on the back of falling oil prices and the news yesterday that China’s economic growth is…
Allen Walkey
Increasing number of online Estate Agents.
Another day, another online estate agent, it feels like that sometimes with new ones entering the market on a regular basis recently, Yopla is the most recent to appear or is it? did another one launch this morning? The resilient UK property market is fuelling the growth of the online estate agent, the highly competitive…
Allen Walkey
Tougher times for landlords needing mortgages
Buy-to-let landlords will not find it so easy getting a mortgage for their investment in 2016, in the coming months the Treasury is expected to hand over greater powers to the Bank of England when it comes to regulating the buy-to-let mortgage sector. The buy-to let sector has been increasing year on year in recent…
Allen Walkey
15,000 new homes planned via likes of RAF Mildenhall and RAF Barnham.
No time soon, but it is said that when the US servicemen and servicewomen are planned to leave the sites, by 2020, plans will be in place to build 15,000 new homes on the sites of RAF Mildenhall and RAF Barnham. Mark Lancaster MP, Ministry of Defence, made the announcement in the House of Commons…
Christopher Walkey
THIRTY SEVEN BRANCH ESTATE AGENCY FIRM JOINS ONTHEMARKET.COM
Nottingham Estate Agency and Harrison Murray Estate Agency are proud to announce their membership of OnTheMarket.com. Both part of the Nottingham Building Society, the two brands have a total of 37 branches. They will now be advertising all of their properties for sale and to rent at OnTheMarket.com and Rightmove. With more than 25 years’…
Alex Evans
“Not every Tom, Dick and Harry, can become an Estate Agent… “
Estate agents to be regulated by new authority – licence will needed in order to take up the profession of Estate Agency in Malta. The White paper issue only recently in January 2016 shows that estate agents will now require a licence in order to carry out their business with new comers to the industry…
Christopher Walkey
Just like #PurpleBricks, #Yopa agents appearing on Twitter…
It is an impressive amount of regional agents that PurpleBricks boasts already, many follow us and just about most will have updates on a regular basis compared to many other estate agencies. Certainly would agree that social media is the place to be if you want to start increasing your local brand awareness and the…
Christopher Walkey
Good news for first-time-buyers.
Rightmove reports today that there is surprisingly good new for first time buyers with prices coming to a standstill and more “fresh” property choice. Fist time buyers saw a 6% year-on-year jump in newly marketed-properties in their favoured market sector, prices have hardly risen suggesting the impending stamp duty levy could be having a calming…
Allen Walkey