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....". Sarah Beeny, owner of estate agent Tepilo, said: "Homeowners should not worry about a crash as the chronic shortage of properties available - the main reason sales transactions are down - will ensure prices remain buoyant. ... [Read full article on BBC ]
Tuesday 16th of May 2017 10:33:40 AM
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Latest Finance News related to Estate Agent

House prices in UK shift to lower gear image
Source : BBC [Read Article] Tuesday 16th of May 2017 10:33:40 AM
....". Sarah Beeny, owner of estate agent Tepilo, said: "Homeowners should not worry about a crash as the chronic shortage of properties available - the main reason sales transactions are down - will ensure prices remain buoyant. ...
Banks 'must show action' in fraud cases image
Source : BBC [Read Article] Monday 15th of May 2017 11:01:27 PM
....Which? wanted banks to refund consumers in cases where victims had accidentally transferred money to a fraudster, similar to the protections provided on credit card transactions. In one example highlighted by Which?, Christopher Mills, from York, was tricked into paying a £10,000 house deposit to a fraudster who posed as his estate agent. ...
Foxtons' tweets win few fans – now the slowdown gives it little to sing about | Simon Goodley image
....Take the official Twitter account of the irksome estate agency Foxtons, for instance, which possesses a mighty 400 followers and drones on about the major housing topics de nos jours, such as: “Do you know what it takes to be a landlord?” (we might venture a guess). By comparison, the @AvoidFoxtons account is proving far more popular, but the estate agent will get a chance to get its official message across this week, when it holds its annual meeting. ...
Can a buyer legally ask to cut agreed offer price? image
Source : Guardian [Read Article] Thursday 11th of May 2017 06:00:41 AM
....A Yes it is legal and quite common when a survey reveals extensive – and expensive – work required on a property. Once a buyer’s offer on a property is accepted by its seller, in estate agent speak, the property becomes “sold subject to contract”, which means that the price can still be negotiated. ...
'Stagnant' buyer demand puts the brakes on UK housing market image
Source : Guardian [Read Article] Wednesday 10th of May 2017 11:01:33 PM
....3% drop in March. Some parts of London appear to have been hit particularly hard, with estate agents and developers resorting to offering free cars and other incentives to try to tempt buyers. ...
Home sales in COLLAPSE: Lenders pull the plug after surveyors downgrade values  image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 01:57:00 PM
....". Values of top-end homes in the capital have seen prices plunge by around six per cent over the past year, according to recent estimates by estate agents. ...
How to get the best return when selling your overseas holiday home image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 12:00:00 AM
....For those simply looking to release equity from their properties and repatriate it back to the UK, the current weakness of sterling is advantageous - you have made a profit on the original value of the property before any increase in its intrinsic value is even factored in. As you can see, this also benefits you if you are looking to sell your property quickly, because even getting the same as you paid for it originally will see you more sterling back than it cost you first time around - although you would have to factor in estate agent's commission and other such fees and taxes related to selling a property. ...
Proptech: the businesses transforming the housing market image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
....The property sector is a multi-billion pound industry that affects all of us at some point in our lives. But, dominated by large, traditional high-street estate agents, it operates in a way that can feel incredibly archaic and confusing for all involved. ...
We're buying as tenants in common – but what if we split up? image
Source : Guardian [Read Article] Thursday 4th of May 2017 06:00:01 AM
.... This kind of deed is also more appropriate for people who are contributing uneven amounts to the mortgage. One way of calculating how much of the sale proceeds (after clearing the mortgage and deducting estate agents’ fees) is to add up the total contributions you have both made to the purchase and improvement of the property. ...
Buy a home, get a car free: offers galore as London estate agents struggle to sell image
. London estate agents have begun to offer free cars worth £18,000, stamp duty subsidies of £150,000, plus free iPads and Sonos sound systems to kickstart sales in the capital’s increasingly moribund property market. ...
How to resolve the FIVE most common property disputes image
Source : Daily Express [Read Article] Wednesday 3rd of May 2017 10:05:00 AM
....If so, present your neighbour with this information before worsening the dispute by attacking the tree, which could trigger a liability claim. I’m downsizing my property, but disagree with the estate agent’s valuation of my existing home. ...
Smaller deposits raise hopes for UK first-time homebuyers image
Source : Guardian [Read Article] Sunday 30th of April 2017 11:01:13 PM
....Research on the amount of time it takes to save for a down payment on a home suggests buyers have been helped by the greater availability of mortgage loans at higher loan-to-value (LTV) ratios. The estate agent Hamptons International said that in the final months of 2016 it would take an average single first-time buyer 11 years and nine months to save a 15% deposit. ...
Our flat was perfect  – until planners let a restaurant open below image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... We put the flat on the market as soon as they had given us their notice. “People are concerned about the restaurant,” said our estate agent after just four viewings in as many months. ...
Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
....A report by Spain’s Association of Land and Commercial Registrars last week revealed British demand for second homes in Spain was down nearly 30% on last year’s pre-referendum levels. In Greece, where property taxes have soared amid the debt-stricken economy and there are lingering fears that the country could yet be ejected from the eurozone, estate agents on some of the more popular Greek islands are reporting an even bigger plunge in the number of Britons looking for homes since the Brexit vote. ...
Yorkshire village sold one year after it went on the market for £20m image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:35:38 PM
.... Her management of West Heslerton has meant very little has changed among the rented cottages for half a century for the village’s estimated 375 residents. Cundalls, the estate agents who handled the sale, put the current rental and subsidy income at about £388,000 per year. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
....The property market typically seizes up during a general election campaign, with buyers deferring purchases until a result is clear. But estate agents said the period of uncertainty will be short. ...
Let’s move to Crediton, Devon: ‘Its day will come again’ image
Source : Guardian [Read Article] Friday 14th of April 2017 03:30:00 PM
.... It’s broadly split into the East Town and – you got it – West Town, with creamy terraces, cottages, town houses and snatches of thatch on their two steep hills. It’s all “elevated position” on the estate agents’ particulars here: views are rightly prized. ...
Surveyors get gloomy as property market stagnates image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:19:32 PM
....Most surveyors across the country still expect prices to rise over the next 12 months, but by a smaller majority than in February. But on average, each estate agent has just 43 properties for sale on its books, the lowest number recorded since the methodology began in 1994. ...
Estate agents struggling to find homes to sell, says report image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:01:10 PM
. The average number of homes for sale by each estate agent has fallen to a record low, with agents in parts of the country gloomier than at any time since the financial crash, according to a report by the surveyors’ professional body. ...
REVEALED: Map shows where in Britian has seen the BIGGEST house price growth image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:39:00 PM
. The biggest value increases are in the capital and the South East over the year to January 2017, according to the Land Registry mapped out by estate agent Savills. ...
House price growth hits lowest level since 2013 – but here’s why crash looks unlikely image
....”. Jeremy Leaf, north London estate agent and a former RICS residential chairman, added: "While demand to buy is still strong, accessibility and affordability are proving illusive for many. ...
Leasehold 'nightmare' will cost homebuyers billions, report warns image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:01:13 AM
....”. Widespread ignorance about leasehold among young flat buyers – made worse by poor quality information from estate agents – is highlighted in the report. ...
The property billboards that reveal the truth about Britain’s luxury housing market image
.... Emerging from behind bright-red billboards below the Anglican Cathedral, the development will feature 800 five-star serviced apartments looking on to a sunken Chinese bazaar, based on the “idea and motif of the awakening dragon – a powerful symbol of China’s resurgence and status as a new global power”. As Hong Kong-based estate agent Neil Jensen told the Guardian: “You can’t just put up a block of flats in Liverpool and expect people to buy it … If you want foreign buyers, there has to be a story. ...
Osborne, an ‘editor of substance’. What substance, crystal meth? | Marina Hyde image
.... The former News of the World cover star and chancellor is the new editor of the London Evening Standard, a role he will combine with his jobs as MP for Tatton and being a £650,000-a-year escort for an investment fund. Osborne has now been a Tory chancellor, an investment banker and a newspaper journalist – a sequence whose next two terms are estate agent and serial sex killer. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
....The government’s white paper on housing last month acknowledged that England’s housing market is “broken”, with the communities secretary, Sajid Javid, telling the House of Commons that rents in many places swallow more than half of take-home pay. Separate figures from LSL Property Services, which includes estate agents Your Move and Reeds Rain, paint a similar picture of a slow market in the south and much busier activity in the Midlands and north. ...
Five minute guide to getting the most form home sale image
Source : Daily Express [Read Article] Sunday 12th of March 2017 01:48:00 PM
. There is plenty to think about before marketing your property, such as finding a good estate agent and making your home look spick-and-span. ...
Christian Candy adviser linked to Litvinenko and his alleged killer image
Source : Guardian [Read Article] Thursday 9th of March 2017 07:45:01 PM
....Former RISC managing director Cliff Knuckey was asked to serve court papers on one of the purchasers, with whom CPC was in dispute. During this episode, Knuckey was found to have impersonated a representative of the Saudi royal family, an estate agent and a member of Vodafone customer services, Stewart told the court. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
....Foxtons says revenue from property sales plunged 23% last year due to uncertainty following the Brexit vote as well as changes to stamp duty. Profits at the London-focused estate agent more than halved as a result, falling to £18. ...
Hopeful Britons counting on 2017 property boom image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:01:00 AM
. Fears Brexit would dampen sentiment have been dismissed with 54 per cent expecting growth and just 7 per cent fearing a decline, according to research by estate agents Keatons. ...
Should I use a quick-property-sale company to speed up my move? image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:00:10 AM
.... This sounds to me remarkably like a buyer putting in an initial offer, then reducing it because they can’t get the mortgage they need and then bringing down their offer yet further because their survey has freaked them out. Before approaching a quick-sale company, it would make sense for you to ask three local estate agents for a valuation of your home, but also ask them what price would get you a quick sale. ...
Windfarms aren’t the real reason energy bills are rising. Blame the free market image
.... One million residential properties are now advertised on the site – a third more than any rival. Its profit margin is unsurprising given what Rightmove actually does – it just runs a website used by estate agents to advertise the homes on their books. ...
Will business rates hike be final chapter for high street bookshops? image
Source : Guardian [Read Article] Saturday 25th of February 2017 07:00:05 AM
....“What this will mean is that the high street becomes even less diverse. High streets will be full of estate agents and coffee shops. ...
London home movers drops to lowest level since 1991, mortgage figures show image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 04:38:00 PM
....Some experts have said recent stamp duty changes, which made the tax cheaper for the majority of home buyers but more expensive for the purchase of top-end homes, have had a dampening effect on the London market. Jeremy Leaf, a north London estate agent and a former residential chairman of the Royal Institution of Chartered Surveyors (Rics), said: "Looking forward, we are still seeing some concern on the high street as buyers and sellers try to negotiate on price in a continuing relatively uncertain market. ...
A London penthouse for £60,000. No, not to buy – that's the weekly rent image
Source : Guardian [Read Article] Saturday 18th of February 2017 09:00:35 AM
.... Also available for £40,000 a week is a seven-bedroom house in Mayfair, which features a cinema, swimming pool and underground garage. Tom Smith, head of super-prime lettings at estate agent Knight Frank, said there was so much demand for serviced luxury apartments that it had become a challenge to find enough to show to the firm’s “ultra-high net worth, incredibly wealthy” clients. ...
Government willing to admit UK housing market is
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
.... Despite speculation, the Government did not announce any incentives for pensioners to downsize to smaller properties to free-up large family homes. Many older people are living in large properties that are now half-empty after the children have moved out, but north London estate agent Jeremy Leaf says their options are limited: “Where are the specialist properties for them to move into? There are none. ...
Are you a serious buyer? Estate agents can now ask you to pay up to prove it image
. If you were putting in an offer on a house, how would you feel if the estate agent asked you to hand over £1,000 to prove you were a “serious” buyer? Would you pay up, or assume this was illegal and tell them where to get off?. ...
Brum rush: Birmingham becomes tourist hotspot image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:05:07 AM
....The boutique hotel in the city centre targets the mini-break market with its Marco Pierre White steakhouse and a spa that boasts pampering treatments such as a Mediterranean sea salt and algae massage. A recent report by estate agent Knight Frank said Birmingham was Britain’s business hotspot, having become a budding centre for financial services, new technology and architectural showpieces. ...
Frankfurt prepares for Brexit bankers: 'Maybe our city will change them' image
Source : Guardian [Read Article] Friday 27th of January 2017 07:15:19 AM
....Frankfurt itself talks of between 8,000 and 20,000 jobs moving here from London, incrementally. Real estate agents are said to be feverishly fielding property enquiries from companies, with the main question being not so much an interest in prices – which are considerably lower than in London or Paris – but the availability of luxury housing. ...
Housing benefit claimants increasingly shut out of private rental market image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
....”. Between December 2015 and February 2016, members of Digs, a Hackney-based private renter information and campaign group, carried out a mystery shopper survey of 50 local estate agents to see how many letting agents had properties that would accept tenants claiming housing benefit. ...
Brad Pitt and Angelina Jolie: faces of the new 'global citizen class'? image
Source : Guardian [Read Article] Friday 20th of January 2017 05:50:56 PM
....More than 10% of the world’s 212,625 ultra-high net worth individuals – defined as those with assets of at least $30m (£24m) – own five or more properties in addition to their main home, the research found. “More than ever before these homes of the wealthy will be spread far and wide, across different countries and continents,” the report, produced in partnership with the luxury estate agents Warburg Realty and Barnes International Realty, said. ...
Friday afternoon conveyancing fraud, plus the merits of 10-year mortgages image
Source : Guardian [Read Article] Thursday 19th of January 2017 02:49:16 PM
....Bleak trend of low, part-time wages in UK is revealed. UK housing market falters as estate agents become less optimistic. ...
UK housing market falters as estate agents become less optimistic image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:01:30 AM
. Britain’s housing market cooled in December as sales activity fell and estate agents were less optimistic about prospects in the coming months. ...
House prices in the South East FALL amid Southern Rail chaos image
Source : Daily Express [Read Article] Tuesday 17th of January 2017 04:51:00 PM
....". It follows separate research by online estate agent eMoov. ...
Parody-defying World Economic Forum must do better image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:33:53 PM
.... Please, one of you, use next week’s forum to point out the absurdity of Davos. A traditional view of Foxtons says the London-focused estate agent is utterly charmless, but the brilliance of its hard-charging, high-fee business model should be acknowledged. ...
Foxtons profits PLUNGE amid fears of a London property crash image
Source : Daily Express [Read Article] Wednesday 11th of January 2017 12:08:00 PM
....However, property values in affluent parts of London have seen large drops, according to Knight Frank. The high-end estate agent forecast that prices will grow everywhere in Britain in 2017, except in the capital. ...
Foxtons shares slump after significant fall in London property sales image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:45:19 AM
....Foxtons has unveiled a sharp drop in profits and has warned that housing sales would decline in the year ahead if demand for properties fails to pick up. The London estate agent’s trading update added to fears over the state of the capital’s housing market, and traders were quick to offload shares in the company. ...
Sellers do your homework: Top tips for putting your house on the market image
Source : Daily Express [Read Article] Wednesday 11th of January 2017 12:01:00 AM
....  . Choosing the right estate agent is key, says Russell Quirk, chief executive of online agent eMoov. ...
One blunt heckler has revealed just how much our economists are failing us | Aditya Chakrabortty image
....Mention recovery in Newport and locals would laugh at you. Mention it in north London and most people would add a seasoning of scepticism, or a jibe about estate agents. ...
Top London property prices 'pushed down by taxes and Brexit vote' image
Source : Guardian [Read Article] Thursday 5th of January 2017 11:24:11 AM
. Higher taxes and jitters over the EU referendum pushed down high-end London property prices last year as sellers accepted more “realistic” offers, according to upmarket estate agent Savills. ...
London house prices rise less than UK average for first time since 2008 image
Source : Guardian [Read Article] Thursday 29th of December 2016 09:11:01 AM
....Economists including those at the Bank of England have said 2017 is likely to be a tougher year for consumers and business against a backdrop of slower growth, higher inflation and weak wage growth. Jeremy Leaf, a north London estate agent and former residential chairman of the Royal Institution of Chartered Surveyors, said: “London clearly has suffered more in the price stakes than elsewhere in the country, a reverse of what we were seeing earlier in the year and for most of 2015. ...
House price growth stable in 2016, says Nationwide image
Source : BBC [Read Article] Thursday 29th of December 2016 08:16:04 AM
....". London estate agent Jeremy Leaf said: "The real test for the market will come in the early new year when we see whether continuing low mortgage rates and lack of new and existing housing supply prove more relevant than uncertainty over unemployment, inflation and the wider economy post-Brexit. ...
Snow cabins and jungle showers: the latest perks of a luxury London flat image
Source : Guardian [Read Article] Wednesday 28th of December 2016 01:59:49 PM
.... It is one of several novel attractions to lure would-be purchasers to the tower, including a “rainforest shower experience” involving a dousing to the sounds of the jungle, a virtual golf course with a whisky bar, a wine tasting room, a hot stone massage parlour and a 20-seat cinema. The perks are being offered as demand for the most expensive new homes in the capital falls dramatically, forcing some developers and estate agents to look for novel ways to encourage sales. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
....Bosses at a string of companies faced revolts. Besides BP and Smith & Nephew, companies as diverse as engineering group Weir, Shire Pharmaceuticals, estate agent Foxtons and betting company Paddy Power Betfair were also subjected to pay rebellions. ...
UK housing market: what to expect in 2017 image
Source : Guardian [Read Article] Monday 26th of December 2016 04:11:22 PM
.... Sales of homes above £1m have been dented by the changes to stamp duty brought in at the end of 2014, and uncertainty around the referendum, together with this year’s further stamp duty change, have not helped. Since the referendum, estate agents have reported interest from overseas buyers attracted by the weak pound, but some developers have reported falling sales. ...
Home ownership by 25-year-olds halves in 20 years image
Source : BBC [Read Article] Thursday 22nd of December 2016 08:30:07 AM
....Home ownership among 25-year-olds has fallen by more than half in 20 years, according to council leaders. A survey carried out for the Local Government Association (LGA) by estate agents Savills showed that just 20% of those aged 25 own their own property, compared with 46% two decades ago. ...
Home ownership among 25-year-olds in England and Wales has halved in 20 years image
Source : Guardian [Read Article] Thursday 22nd of December 2016 12:01:31 AM
....”. Analysis for the LGA by the estate agent Savills found that the construction of social rented homes – owned and managed by local authorities and housing associations – plunged by 88% between 1995-96 and 2015-16. ...
Stamp duty land tax boosts tax receipts image
Source : BBC [Read Article] Wednesday 21st of December 2016 04:36:38 PM
...."While there has been a direct impact on transactions at the top of the market, there is as yet no evidence to support those who have been calling for the chancellor to rethink the rates applicable to buyers of the most expensive properties," he said. "But estate agents estimate that more than 40% of SDLT revenue comes from within the M25. ...
UK house price growth will slow to 3% in 2017, say surveyors image
Source : Guardian [Read Article] Wednesday 21st of December 2016 06:30:10 AM
.... “Following on from the 2016 forecast, the supply pipeline or lack of it is at the forefront of the analysis and dominates the residential market,” it said. “While there is an improvement, the legacy of building on an insufficient scale has left the average inventory on estate agents’ books close to a historic low. ...
Banks told to combat payment scams image
Source : BBC [Read Article] Friday 16th of December 2016 08:25:01 AM
.... . In one example highlighted by Which?, Christopher Mills, from York, was tricked into paying a £10,000 house deposit to a fraudster who posed as his estate agent. ...
House prices crash in London's richest areas - but surge in the East of England image
Source : Daily Express [Read Article] Tuesday 13th of December 2016 04:44:00 PM
.... Experts said London's slowdown is down to the Government's higher stamp duty rates for buy-to-let investors and high value buyers. Paul Smith, chief executive of Haart estate agents, said: "The bubble continues to deflate in what was once considered a safe haven for investors. ...
FCA to review 'close relationships' in mortgage market image
Source : Guardian [Read Article] Monday 12th of December 2016 03:30:50 PM
.... Resulting action could range from market-wide remedies such as new rules or a referral to the Competition and Markets Authority, to measures aimed at one or more individual companies such as financial penalties. The watchdog is particularly keen to look into the inducements paid by lenders to mortgage brokers, by brokers to estate agents and developers, and to other third parties including price comparison websites. ...
Buy to let: ‘We landlords are being vilified’ image
Source : Guardian [Read Article] Saturday 10th of December 2016 06:59:07 AM
....Hill has three rental properties in south-west London, but says landlords are “getting a bashing” from the government’s changes to the tax regime, accusing it of ruining the retirement plans of thousands of people. An estate agent himself, he has let out a flat and two houses in Clapham for the past 10 years, which earn him an annual rental income of £40,813 after service charges and letting fees. ...
Days of the buy-to-let landlord are numbered, says Fergus Wilson image
Source : Guardian [Read Article] Friday 9th of December 2016 10:11:07 AM
....Theresa May has picked up George Osborne’s baton and is proceeding to bash landlords with renewed vigour. Paul Smith, chief executive of the haart chain of estate agents, says the number of buy-to-let transactions has tumbled 63% this year, amid what he calls a “war on landlords”. ...
UK office construction forecast to plunge after Brexit vote image
Source : Guardian [Read Article] Tuesday 6th of December 2016 02:29:49 PM
. The Brexit vote will lead to a slump in office construction, with up to half of planned developments in central London likely to be postponed or scrapped in coming years, according to estate agent Savills. ...
Home truths: house price rises to slow to trickle as Brexit and stamp duty hit image
....In the immediate aftermath of the Brexit vote, the Royal Institution of Chartered Surveyors reported that large numbers of buyers and sellers had withdrawn from the market. Its most recent report showed the number of homes on estate agents’ books remaining low. ...
Brexit vote dents British demand for Spanish property image
Source : Guardian [Read Article] Friday 2nd of December 2016 03:17:29 PM
....“We have carried out a survey of the sector and it appears that house purchases by Brits on the Costa del Sol and the Costa Blanca have fallen by around 50% since the referendum,” said Mark Stucklin, of the Second-Home and Resort Industry Observatory. “At first it was the uncertainty after the Brexit vote, and then the fall in the pound,” said Catriona Hogan, marketing director at yourVIVA, a holiday homes estate agent on the Costa del Sol. ...
Bank of England must be wary of interest rate rise, says chief economist image
Source : Guardian [Read Article] Friday 2nd of December 2016 02:37:12 PM
.... The main source of this upside news to activity has been the buoyancy of consumers. They appear to have kept calm and carried on spending on the high street, in the car showrooms and in the estate agents,” he said. ...
House price growth lowest for 10 months, says Nationwide image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:55:26 AM
....”. Jeremy Leaf, a north London estate agent and a former residential chairman of the Royal Institution of Chartered Surveyors (Rics), said the housing market tends to slow down in the run-up to Christmas. ...
Unfair letting fees ban? Truth is the agents just got too greedy image
Source : Guardian [Read Article] Saturday 26th of November 2016 07:00:25 AM
....Back in May 2004 I wrote how some letting agents were “deceiving tenants out of huge amounts of cash with myriad charges and fees that verge on the criminal”. In 2009 I wrote “Letting agents: are they even worse than estate agents?” The same year I suggested we “let letting agents sweat”. ...
Will banning letting agency fees lead to higher rents? We ask the experts image
Source : Guardian [Read Article] Saturday 26th of November 2016 06:59:25 AM
.... In fact, only one landlord in 120 surveyed said they had noticed an increase in agency fees and had passed this on to their tenants. easyProperty, the online estate agent, says: “Any sensible agency won’t pass on the charges to landlords due to competition in the sector, so we don’t foresee rent rises, as there is no need to add the fees to rents. ...
Countrywide shares plummet as transactions fall image
Source : BBC [Read Article] Thursday 24th of November 2016 09:49:08 AM
. Shares in the UK's biggest estate agent, Countrywide, have plummeted following the publication of its gloomy report on the property market. ...
Countrywide warns over profits amid housing slowdown image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:56:50 AM
. Shares in the UK’s biggest chain of estate agents slumped by more than 12% after the company reported a big drop in London property transactions and warned that Brexit was undermining buyers’ confidence. ...
Housing gets £4bn boost to increase number of new homes image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....”. Ahead of the statement, estate agents had called on the chancellor to make changes to stamp duty at the top end of the market and to look again at the new higher rate of tax on second homes. ...

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