Estate Agent Talk
Demand for a home office soars in London & adding one could boost your property value by £41k
Across London, demand for homes with a home office has increased notably since the start of lockdown, up from 8% to 27%according to research by leading lettings and estate agent, Benham and Reeves. Benham and Reeves looked at the number of homes listed online with a home office as a featured selling point and what…
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Lockdown divorce spike could boost property sales by £9.3bn
Recent figures from Co-op Legal Services show that there has been a spike in the number of couples filing for a divorce during the current lockdown. The firm has reported a 42% increase in divorce inquiries between 23 March and mid-May, compared with the same period in 2019. The latest data on divorces in England…
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£1m+ property transactions yet to recover but sold prices show a market waiting to bounce back
The latest analysis by Enness Global, the world’s leading high-net-worth mortgage broker, has found that transactional volume across the nation’s £1m+ property market failed to bounce back following December’s election result. However despite this decline, average sold prices over the last three months have registered the most consistent, upward performance in the last year. Enness…
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Estate agent revenues plummet as transactional decline hits home
The latest research by estate agent comparison site, GetAgent, has highlighted the declining revenue of the average UK estate agent due to a reduction in transactions, largely driven by the industry-wide lockdown as a result of the coronavirus. GetAgent looked at the average fee charged by estate agents and what the total potential value is when…
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Newcastle takeover deal could boost local property market by 15%
Fans of the Magpies continue to bite their nails this week as the club’s Saudi takeover, reported to be worth £300m, is still yet to be given the green light after weeks of uncertainty. The deal could make Newcastle one of the richest clubs in the world and fans will be hoping a return to…
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Real Estate Marketing 101: What is Crucial for Success?
Businesses nowadays operate in very fiercely competitive times where there are many online marketing mediums to choose from, which means there is no shortage of potential in the ways to advertise a real estate business. However, getting your business in front of the right customers is getting more and more difficult. That is why many…
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Top 4 Reasons Why You Should Invest In Real Estate
People are constantly looking for new investment opportunities, and it seems that the best option hasn’t changed in years. Investing in real estate is one of the best ways to earn a passive income or just to diversify your portfolio. Basically, you are using other people’s money to pay off your initial investment, and the…
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Property investment Premier League champs crowned as league looks set to return
Things are starting to kick off in the Premier League, with Newcastle looking set to become one of the richest clubs in the world and confirmation that games will recommence on the 17th June. There is still some way to go before Liverpool clinch the title so instead, the latest research by the peer to…
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The nation’s cheesiest property pockets where properties sell for up to 11% more to celebrate National Cheese Day 2020
This Thursday, the 4th June, marks National Cheese Day and to celebrate leading lettings and estate agent, Benham and Reeves, has looked at the cost of buying across the cheesiest property pockets of the UK market as well as which offer the best rental yields. Benham and Reeves looked at the average house price, annual growth…
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Tips on pandemic pet rentals for landlords and tenants
Traversing the rental market at present is a tricky business and it can be even trickier if you have a furry friend with you, or any other pet for that matter. Leading lettings management platform, Howsy, has looked at the current law surrounding renting with a pet and put together some tips for landlords and…
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It’s not just flights that are grounded, airport rental yields are flying below the national average
Research by lettings management platform, Howsy, has found that when it comes to rental yields surrounding the UK’s top 25 airports, just one offers a return above the UK average of 5%. Due to the high demand for homes within close proximity, rental markets surrounding airports have traditionally been buy-to-let hotspots. However, Howsy analysed current yields…
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The West Midlands property pockets due to see a transport inspired house price boost
Research by leading Birmingham estate agent, Barrows and Forrester, has highlighted the potential uplift in property prices expected across the West Midlands market as a result of the regions ongoing transport infrastructure upgrades. The West Midlands is currently undergoing extensive plans to transform transport infrastructure with a number of current Metro extensions either planned or…
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Real estate leading the UK service sectors keeping their head above water during pandemic decline
The latest index of services from the Office for National Statistics makes for stark reading, with nine of the UK’s 15 service sectors recording the weakest month for growth on record in March and a further five seeing a decline in growth. However, research by Sourced Capital has found that while the service sector has been…
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Superprime London homebuyers have vanished – here’s where high-end demand remains
The latest research by London lettings and estate agent, Benham and Reeves, has found that demand for homes listed at £10m and above across London’s prime suburbs has tumbled to just 2%; with a number of areas seeing no demand for housing at all. Benham and Reeves looked at prime London’s property hotspots and the…
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House prices along London’s Cycle Superhighways are 80% higher than average
With many Londoners now opting for pedal power to avoid the social distancing nightmare of public transport, research by London lettings and estate agent, Benham and Reeves, has revealed the steep cost of buying along one of London’s Cycle Superhighways. Benham and Reeves analysed the average house price in outcodes straddling each of London’s Cycle…
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