Extensive local knowledge for Residential Property Sales.
Extensive local knowledge for Residential Property Sales.

Comprehensive Surveys and Valuations for Sales, Insurance & Probate

Comprehensive Surveys and Valuations for Sales, Insurance & Probate

Helping you to get your new business off the ground

Helping you to get your new business off the ground

A professional and friendly lettings service for Tenants and Landlords

A professional and friendly lettings service for Tenants and Landlords

The cream of the crop when it comes to Agricultural and Farming

The cream of the crop when it comes to Agricultural and Farming

 

An independent and professional service

 

Latest Properties

40c St Marys Street - £725 per month
view
 

Featured Property

40c St Marys Street - £725 per month
view
 

Free Valuations

Book yours today...
view
 

News

"The market's lost momentum" says Nationwide  31 Oct 14

Annual UK-wide house price inflation is still running at nine per cent but that figure is down 0.4 per cent and shows the market “has lost momentum” according to the Nationwide. Average prices actually rose 0.5 per cent through October according to the building society but the underlying trend is for a softening in prices and activity.   “A variety of indicators suggest that the market has lost momentum. The number of mortgages approved for house purchase in September was almost 20 per cent below the level prevailing at the start of the year. Some forward looking indicators, such as new buyer enquiries, suggest that activity may soften further in the near term, especially in London” warns Nationwide’s chief economist, Robert Gardner.   The society warns that the majority of mortgages held on residential properties - around 60 per cent - is now on variable interest rates. This is a marked shift from the pre-crisis period where the proportion of mortgages on variable rates was 38 per cent.    And even those mortgages which are fixed are, in many cases, fixed only for relatively short time periods - 62 per cent are for two years and around 30 per cent for five years.   This means the market may be susceptible to interest rate rises, when they come, and this may in turn act as a deterrent to house moving for existing owners or the decisions of first time buyers to commit to purchase.   “Nevertheless, the market should be able to cope with higher interest rates, provided the increase is gradual and the economy and the labour market remain in good shape” suggests Gardner.    Guidance from the Bank of England suggests that the increase in interest rates is likely to be gradual, and that they are expected to settle at a level somewhat below the average prevailing before the financial crisis, which should help ensure borrowing costs remain manageable, he says.  nationwidehousing markethouse price index]]>

Countrywide reveals £43.2m of acquisitions and expansions  31 Oct 14

Countrywide has revealed that so far this year it has invested £43.2m in acquisitions to consolidate its position as the UK’s largest property services group.  Since January it has purchased Tucker Gardner, a sales and lettings business in Cambridge and surrounding areas; Preston Bennett, an agent in land and new homes in North London; Humphreys Skitt & Co, a two branch sales and lettings business in Greenwich and Blackheath; BTW Shiells, the largest property consultancy in Northern Ireland; plus 23 lettings acquisitions for circa £24.9m.   The group has also opened 11 new branches across its sales and lettings network, has been selected by HSBC as its ‘first partner’ for mortgage lending, has secured a valuation contract from Barclays and has launched a residential property investment fund alongside Hermes Investment Management with initial seed equity of £95m.    The summary of the group’s successes came in the release of its third quarter figures - “our best ever third quarter financial result on top of the strong performance reported for the first half of 2014” according to a company spokeswoman.  The group says its available lettings and sales stock is almost at record levels, although it is priced lower than it would have been earlier in the year.   Countrywidehousing marketTraditional Estate Agency]]>

NAEA says first time buyers now 30% of market  31 Oct 14

The NAEA, which in recent months has been criticised for allegedly under-counting the proportion of first time buyers in the market, now says they account for 30 per cent of transactions.  The association says the total number of people registered as looking for a property to buy reached a 10-year high in September, with member agents each reporting an average of 406 buyers - the highest since October 2004, when 511 buyers were reported.   However, while supply of housing increased slightly from last month, from 49 houses available in August to 51 in September. This is still seasonally low - the last time that supply levels were lower for September was in 2002, when 43 houses were available per NAEA member branch.  However, sale prices are less competitive than before. Only four per cent of properties sold in September were sold for more than the original asking price, and a stark 82 per cent were sold for less than asking price.   NAEAFirst Time Buyershousing market]]>

Zoopla allows agents to list redress and professional qualifications  31 Oct 14

Zoopla has launched a new feature which allows agents to display the professional associations and redress schemes they are affiliated with on various sections of the the Zoopla and PrimeLocation websites. Zoopla members can activate this new feature under their profile in ZooplaPro and activate the display of logos of their affiliations on all relevant agent directory pages, property details pages and professional reports across the ZPG platform.   The list of associations that can currently be displayed include the three official lettings and sales redress ombudsman services, the Association of Residential Letting Agents and the National Association of Estate Agents.   “This new feature offered to all our members at no extra cost is a great way to showcase their professional affiliations. Our agents are proud of these associations and we are delighted to be able to help promote them to consumers” says Jon Notley, the Zoopla Property Group commercial director.  zooplaRedressNAEA]]>

Agents bite into Halloween sales advice  31 Oct 14

It had to happen - the estate agency survey playing to our growing interest in Halloween.  Well, according to independent agency chain Move with Us, completing a sale on Friday the 13th and any deal involving a property with the house number 13 are amongst the biggest worries for potential homebuyers.    Other concerns included not wanting to live next to a graveyard, black cats being seen during viewings or, more commonly, questions about ghosts in the property.   The survey carried out amongst agents in the Move with Us network found that potential homebuyers were also often spooked out by off-beat decorating, particularly the keeping of a dead person’s ashes in the house, displays of stuffed animals, eccentric ornaments like shrunken skulls or creepy china dolls, or confessions from vendors that pet cats or dogs were buried in the garden.   If any of this is a surprise to agents across the country, we at Estate Agent Today will be very surprised - we thought it was all, er, dead obvious.  Move with UsHalloweenSales]]>

Agents Do Charity - the latest updates...  31 Oct 14

The days are getting shorter and the nights seem darker than ever, yet agents still find time to raise money for good causes.  We’re always very happy to publicise every agent’s efforts and pay tribute to your fine work, especially in the build-up to Christmas. If you want to be mentioned, please let us know. Email press@estateagenttoday.co.uk.   In the meantime, here are this week’s updates.   Guerrilla Gardening - Milton Keynes lettings agent Zest Residential is engaged in a serious of community projects to add social value to the area and is now working with local residents on a Guerrilla Gardening scheme. “We’re transforming a communal area abandoned by developers once they failed to obtain additional planning permission. The adjoining flats are mostly rentals so Zest, on behalf of the residents, identified the owners” says the agency.    ---   World Hospice Week - Staff from Waterfords estate agency in the Home Counties have volunteered to fundraise for local charity Phyllis Tuckwell Hospice by packing bags for supermarket shoppers at Sainsburys in Camberley, raising an impressive £185.29 in just two hours. Phyllis Tuckwell Hospice is the only adult hospice caring for terminally ill patients and their families across West Surrey and part of North East Hampshire. Every day,  the hospice gives its care free of charge supporting over 140 patients, relatives and carers in their own homes, in the community and at the hospice.   ---   Breast Cancer Week - Staff from Penarth agency ACJ have raised over £550 for the breast cancer campaign by taking part in the ‘wear it pink’ fundraising event. Alison Hajilambi, who has worked at the estate agents on Victoria Road for more than 10 years, was diagnosed with breast cancer in September last year. Since then she has undergone chemotherapy, radiotherapy and a lumpectomy, and has now been welcomed back to work. As well as everyone being sponsored £2 to wear something pink and making donations themselves, staff from a neighbouring hairdressers contributed £1 from every haircut.   ---   Prostate Cancer UK - A former director of Heather and Lay agency in Falmouth, Cornwall,  has more than doubled his fundraising target following a 630-mile walk to help fight a cancer that has afflicted several members of his family. Paul Beevers hoped to raise at least £3,000 for Prostate Cancer UK, through walking the length of the South West Coast path. To date the total stands at £7,300, with donations still coming in. His marathon walk started in Poole, Dorset before taking in Portland, the Jurassic Coast and the entire coasts of Devon and Cornwall before the final Somerset section. After 42 days, 630 miles and 35,000 metres of climbing, Paul arrived in Minehead, Somerset.       CharityEstate Agent IndustryEstate Agent Today]]>

Exclusive: MP names agents opposing 'double charging'  30 Oct 14

Six estate agents in and around the constituency of campaigning Labour MP Stella Creasy have signed up to a so-called ‘Fight Against Double Charging’ - a name she gives to Sale By Informal Tender contracts. Creasy, who has spoken out against double charging in the past, says many agents use sale by informal tender contracts, where buyers submit sealed bids to make offers on properties.     She says some agents using these contracts are then charging the successful bidder an introductory fee which can be as much as 2.0 to 2.5 per cent plus VAT.    Sellers are also charged a fee to market their property at the same time, although this is often a relatively small one-off up-front cost.    “This practice leaves both sellers and buyers short-changed. Buyers often end up lowering their offers to accommodate the additional cost of paying such a fee- which can be several thousands of pounds, meaning the seller will receive less for their asset and may lose opportunities to sell their property to those who cannot afford such a charge” says Creasy.    “There is also a conflict of interest for the estate agent to receive money from two parties to the same sale, as it is not clear in whose interests they operate. The only party benefiting in this arrangement is the agent pocketing a substantial fee.”   Now Creasy has written to all estate agents operating in Walthamstow, challenging them to oppose these practices.   “Six agents have joined our call to end this practice and confirmed that they will not use these types of agreements” she says.   These agents are Outlook Residential Property Agents, Spencers Property, 21st Century Land, Central Estate Agents, Strettons and the Stow Brothers, who have “confirmed to me that they do not support these agreements or use these types of contracts” says the MP, who is Labour’s consumer affairs spokeswoman.    Creasy’s website sets out the agents’ views on the practice:   “[We] are completely against ‘double charging’ and agree that the sale method blurs the lines between client and customer. We believe the practise only benefits the agent.” – Stow Brothers   “We wholly support your efforts to outlaw the practice of agents charging both buyers and sellers” - Strettons   “In regards to ‘sale by tender’ … we are strongly against such practice.” – Central Estate Agents   An “unsavoury practice” - 21st Century Land   “We do not chose to sell property by this method” – Spencers Property “We appreciate it’s a different option for a seller however it merely ensures the buyer pays more and due to current supply and demand the agent earns a higher fee down to the desperation of the buyer!” - Outlook Estate Agents   Now Creasy, who has campaigned on this issue under the banner of ‘Home Sweet Home’, is urging buyers and sellers in her constituency to ask the remaining estate agents who have not yet responded to these concerns if they use such contracts.    “And if they do use them, how they justify ripping off consumers in this way” she adds.   For Sale By TenderStella Creasydouble charging]]>

"Exceptional circumstances impacting housing market" - mortgage chief  30 Oct 14

The Intermediary Mortgage Lenders Association says “exceptional circumstances” are impacting the housing market making it impossible to assess what conditions will be like in the long term following the Mortgage Market Review. Charles Haresnape, the chairman of IMLA, says that with mortgage approvals having hit almost 125,000 back in January - three months before MMR took effect - it was entirely predictable that numbers would fall as mortgage constraints took effect later in the spring.    However, to most observers’ surprise, mortgage approvals reached another peak in July followed by two months of decline. September’s figures, released yesterday by the Bano of England, were particularly severe.   They showed mortgage approvals were at the lowest level since July 2013; just 61,247 were given the go-ahead in September, down from 64,054 in August.   “Clearly there are exceptional circumstances still impacting the market, with the arrival of lending caps and higher stress tests hot on the heels of MMR. With base rate speculation also impacting consumer appetite and product pricing, there have been forces pulling in opposite directions” says Haresnape.    “What’s clear is that house prices are not causing the same concerns that they were at the beginning of summer and mortgage businesses have also negotiated a period of significant change without the market falling away” he says.    “What must now follow is a period of review to ensure that the recovery remains on track and that brokers are still equipped with the products they need to meet customer needs.”    housing marketMMRMortgage Lending]]>

More evidence of 'subdued' London market  30 Oct 14

Move with Us says the average asking price of homes on sale across Britain rose by just 0.85 per cent with the Greater London market standing out as “subdued” after huge rises in the early part of the year. The average asking price across Britain is now £265,545 with the largest rise in the third quarter of the year being the East Midlands - although its rise was a modest 1.36 per cent in the third quarter.   Greater London saw a rise of just 1.03 per cent with average asking prices settling at £466,147.   Average asking prices fell in two regions - north east England by 0.10 per cent and Scotland by 0.22 per cent.    Here’s the full regional breakdown:   Greater London - Despite expectation of strong price increases expected for the Greater London market, the average asking price levelled in Q3 2014 for the first time since November 2012, finishing the quarter at £466,147. Year on year, however, the average asking price in the region has increased £87,636 (18.80%).   South West - The average asking price in the South West peaked at a record high of £282,093 in July. It then adjusted downwards slightly and stabilised in August and September, sustaining the increases seen in Q2 2014. By the end of Q3 2014 the average asking price in the region was £281,985, just £1,043 (0.37%) higher than Q2 2014.   South East - The market experienced a slight downward adjustment in August, despite a growth of £11,144 between April and July. This is not unexpected on the back of such strong price increases. By September, prices were rising once more albeit at a slower pace. At the end of Q3 2014 the average asking price in the area was £344,414, the highest on record. This is an increase of £33,925 (9.85%) in a yearly comparison. Despite these strong figures, prices in the South East grew minimally in a quarterly comparison in line with the national trend.   East Anglia - The average asking price in East Anglia levelled in August before increasing again in September to end Q3 2014 at £281,831. This is the highest average asking price on record for the region.   East Midlands - After increasing sharply in Q2 2014, the average asking price increased steadily throughout Q3 2014. The region saw the biggest percentage increase of any region in Britain in Q3 2014 of 1.36% (£2,621). By September the average asking price broke the record reaching £192,787.   West Midlands - The average asking price increased steadily throughout Q3 2014. By September it had reached £203,397, a quarterly increase of £1,464 (0.72%). However, this rise is minor compared to the strong growth the region has seen in recent quarters. Despite this modest growth, the asking price hit a record high in the region, increasing by a noticeable £8,929 (4.39%) in an annual comparison.   Yorkshire & Humber - After increasing in April and May, the average asking price in Yorkshire and Humber stood strong in June and July. It then increased again in September to reach £173,771, the highest it has been for five years. The average asking price in the region has increased £4,379 (2.52%) when compared to the same time last year.   North West - After increasing in April and May, the average asking price here has seen very little movement. It rose by just £196 (0.11%) in a quarterly comparison. Looking at the year on year comparison, however, the average asking price grew by £4,593 (2.58%) to £178,004 indicating a stable market that’s growing at a steady pace.   North East - This is one of only two regions in Britain which experienced a dip in the average asking price in Q3 2014. This is, however, minimal at just £154 (0.10%) and the average asking price increased modestly each month in Q3 2014. In a yearly comparison, asking prices rose by £894 (0.58%) to £154,073 and as such the region can be seen as broadly stable.   Scotland - Despite fewer new listings coming to the market each month in Q3 and a reduction in the average asking price in June, average asking prices in Scotland remained stable throughout Q3 2014, finishing at £161,397 in September. This indicates that the market didn’t fully accept the higher average asking price, despite lower competition amongst sellers.   Wales - The average asking price in Wales has increased steadily in the last six months. By the end of Q3 2014, it reached £181,650, the highest since 2009. This upward trend is set to continue as the number of new listings reduced each month, decreasing competition amongst sellers.   Move with Uslondonhousing market]]>

Exclusive: 'Beeny Bounce" gives online agents spike in traffic  29 Oct 14

The publicity given to online estate agency in Sarah Beeny’s Channel 4 show How To Sell Your Home has led to significant boosts in traffic. The Channel 4 series airs on Monday evenings. Two of the six shows have now been transmitted and figures suggest that after the first programme, on October 20, online agents enjoyed a major increase in interest.   “Traffic was up 39.5 per cent on October 20 and 21 against the same period the previous week” says Russell Quirk, chief executive of eMoov, adding: “Our busiest period of the month was the 24 hours between 8.30pm last Monday and 8.30pm Tuesday.”   HouseSimple, one of the agents selling a property on the first programme, says its traffic for the entire day of October 20 doubled within one hour of the programme being transmitted.   Hatched.co.uk claims traffic was up a remarkable 680 per cent compared to the previous Monday at the same time, while iProperty suggests a more modest 18 per cent spike around the time of the show being transmitted.   The Home Owners’ Alliance, a pressure group, has recently published on its website a comparative guide to the major online estate agencies and says its traffic to the guide was up 41 per cent around the time of the first programme.   Sarah BeenyOnline AgentsChannel 4]]>

 
©2011-2014 DAVIES White & Perry | All Rights Reserved.
Web Design by Source