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
Don’t Put The Property Market On Pause
What Estate Agents actually want from the Budget Estate Agents are looking to the looming Budget for something that has been in short supply across the property market in recent years – certainty. That was one of the clearest messages to come out of iamproperty’s recent roundtable attended by agents from across the UK. The…
Read More 
Before You Sign: 10 Things Home Movers Wish They Knew
Almost three quarters of home movers wish they knew more before making or accepting an offer as property professionals call for reform Almost three quarters (73%) of people who have recently bought or sold a home wish they had known more about the property or its location before making or accepting an offer, according to…
Read More 
Property expert warns homeowners to lock in amid mortgage rates uncertainty
With mortgage rates fluctuating and threatening to rise, homeowners hoping for cheaper borrowing in 2027 are being warned against delaying their mortgage plans if they’re anticipating lower rates According to Moneyfacts, the average five-year fixed mortgage rate has now reached 6% in October, the highest level in around three years, while the average two-year fixed…
Read More 
Damp and mould online searches rise by 34%
The latest research from Inventory Base shows that search interest in damp and mould has increased by 34.2% in the latest two-month comparison, while searches for damp have risen by 29.1% and mould by 16.8%. The analysis of Google search interest trends* found that searches for “damp and mould” rose from an average search interest…
Read More 
Nearly two-thirds of movers want homes that generate their own energy
Neary two-thirds of movers (63%) want their home to generate most or all of its own energy More than half, 53%, say recent energy-price rises have increased their interest in solar panels and home battery storage Just 8% would prefer to remain fully reliant on the grid Since 2022, mentions of heat pumps in newly…
Read More 
Renters’ Rights Act: A review of the first six months
Ahead of the Renters’ Rights Act (RRA) coming into force on May 1st, there were many concerns across the industry. Landlords were probably most worried about the removal of section 21 and fixed-term tenancies, fearing it would be harder and take longer to remove troublesome tenants and regain possession of their properties. Widespread predictions were…
Read More