Slow down in new Estate Agents in London
December 21, 2016
It has been a very busy 2016 with fairly substantial pieces of news to effect the UK Property industry with Brexit, President Elect Donald Trump and of course the recent ban on letting fees to tenants (remember that Foxton’s shares plummeted 13% in one hour following the ban on fees). So is it no surprise that we see a dip in New Estate Agencies opening?
2016 though hitting the ground running on an expectant buoyant market, things slowed down to see a drop in estate agents in 4 of 10 London Boroughs with Barnet stated as showing a 7.2% drop.
You May Also Enjoy
House price growth remained resilient in April
UK annual house price growth picked up to 3.0% in April, from 2.2% in March House prices were up 0.4% month on month Headlines Apr-26 Mar-26 Monthly Index* 554.8 552.7 Monthly Change* 0.4% 0.9% Annual Change 3.0% 2.2% Average Price (not seasonally adjusted) £278,880 £277,186 * Seasonally adjusted figure (note that monthly % changes are…
Read More 
Homeowners shift mortgage strategy amid economic uncertainty
Middle East conflict prompts Brits to rethink housing plans 27 per cent of homeowners report overpaying on their mortgage to get ahead of potential future interest rate rises 20 per cent of those remortgaging are looking to lock in a new rate as soon as possible in case of future volatility Barclays Mortgage data shows…
Read More 
Today is the day your rights change: New Renters’ Rights rules now in force for tenants across England
Today marks a major change for tenants across England as the first phase of the Renters’ Rights Act 2025 comes into force, significantly strengthening rights and changing how renting works in practice. From today, the long-standing system of Section 21 ‘no-fault’ evictions ends, meaning tenants can no longer be removed without a specific legal reason.…
Read More 
Mould Tops List of Bathroom Red Flags For Homebuyers
Mould, Space & Water Pressure: 3 Bathroom Deal-breakers Affecting House Sales This Spring Almost 9 in 10 (88%) Brits say at least one bathroom issue would put them off making an offer on a house. Mould (60%), lack of space (44%), and water pressure (37%) are the top three deal-breakers, with concern intensifying…
Read More 
10 Common Carpet Stains and How to Remove Them
Carpets rarely get dirty in one obvious moment. It’s usually something you don’t notice right away. A bit of coffee in the morning when you’re half awake. Someone walks in with slightly wet shoes. Something small gets dropped during dinner and wiped quickly, but not completely. None of it feels important at the time. Then,…
Read More 
Industry Response to Bank of England Rate Hold
The Bank of England has just announced its decision to hold the base rate at 3.75%. This decision comes as a result of wider economic uncertainty and inflation (CPI) increasing to 3.3% in March and remaining above the Bank’s 2.0% target. Matt Smith, Rightmove’s mortgage expert “A Bank Rate hold is actually positive news…
Read More