Seller search interest for high street estate agents has dropped, while there has been a significant increase in searches for ‘cheap fee agents’, new research shows. Study notes a spike of 53% increase in searches over the past 12 months for ‘cheap estate agent’ Searches for ‘high street estate agent’ fell by 45% ‘Best estate […]
A quarter of homebuyers have attempted to bribe sellers with everything from cash to kindness when trying to secure a property, research suggests.A survey of more than 1,000 homebuyers by online agent Yopa has found that while such an approach may be “morally reprehensible,” 89% of those who attempted to sweeten the deal said their
One in four buyers “bribe” sellers to secure a sale Read More »
The Bank Rate has remained unchanged for the fourth time in a row since it was raised from 5% to 5.25% in August 2023. Rate cuts aren’t expected until later in the year but mortgage costs have still been falling. The Bank Rate remained at 5.25% today, despite hopes it would come down Inflation has
How the housing market is affected by inflation, interest rates and global events Read More »
With the UK governments focus on de-carbonising homes and the many funded schemes available, scams have also become more commonplace with contractors adding extra costs. Your agent should be aware of potential risks and help educate clients and tenants to be on the lookout for common scams. The council does not pay for these installations
Looking to make some government funded home improvements? Read More »
2023 saw some changes in the economy and in turn the property market, here we look at some of the key moments that have affected the industry over the past year. We have had the Material Information published, making property listings much more transparent for both Sales and Lettings. This gives buyers and renters more
2023 – A Year in Review of the Property Market Read More »
What is the Full Material Information Guidance for Property Sales & Lettings? The full material information guidance has been created to enable more transparency on property listings for both buyers and renters alike. The material information covers the details about a property that might impact your choices around it All unavoidable costs associated with a
What is the Full Material Information Guidance for Property Sales & Lettings? Read More »
Chancellor Jeremy Hunt unveiled his Autumn Statement this afternoon, announcing a rise in the living wage and pensions. National Insurance will be cut from January and inflation is on track to reach 2% by the end of 2025. National living wage rises from £10.42 to £11.44 an hour Pensions up 8.5% or £900 a year
How the 2023 Autumn Statement is likely to affect the housing market? Read More »
We see a lot of EPCs (Energy Performance Certificates) and a lot of the recommendations to improve a homes energy efficiency are often down to having a modern boiler, smart thermostat to control heating, good insulation and solar panels having the most impact. Reduce boiler to 60°C Bleed radiators Service your boiler Install a smart
With increased demand for residential homes in the rental market, investors turn away from commercial properties Commercial property has historically been viewed as the more profitable asset class but more recently, residential property values have taken over. This is evident in the number of companies, across the board, converting commercial to residential property; from John
Residential homes are becoming better investments than commercial properties Read More »
The average rent for a new tenancy has increased by 10.3% since September 2022, with renters now paying £1,164 per month on average. Residential rents for new tenancies are 10.3% higher than in September 2022 Rents have increased the most in Scotland, where new rent controls are encouraging landlords to secure higher rents at the
Rent for new lets rise more than 10% this year and there’s support for tenants Read More »
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