Search Results for: 1.5 million new homes
-
Features
Regional round-up
Each month we visit three agents across the country to discover what is happening in their businesses and local markets. This month we visit Kent, London and the Isle of Wight.
Read More » -
Latest property news
November auction activity dips
Over the past 12-18 months rising house prices have been driving auction revenues skywards and the figures below show this trend continues with gains of 6, 12 and 15 per cent in the monthly, quarterly and yearly total raised comparisons. EIG’s David Sandeman (right) commented: “Activity in the residential auction market was largely comparable to November 2013, with lots offered slightly up [1.5 per cent] and lots sold marginally down [-1.9 per cent] on figures for 2013. The residential total amount raised increased by over 12 per cent in the monthly comparisons, and over 14 percent in the quarterly and yearly comparisons – the third consecutive month that we have seen double-digit rises in this regard.” Auction House Auction House saw an improved success rate of 76.2 per cent in November with 144 properties sold, raising a total of £12.9 million, the company’s latest figures show. In total, the firm achieved 2,659 sales in the first 11 months of 2014 with over £312 million raised. Auction House’s Roger Lake said: “To have posted cumulative sales up by over 15 per cent this year is really gratifying. It also shows that the auctions market is healthy and strengthening, which is good…
Read More » -
Latest property news
Stamp Duty Reform
Every buyer, seller and estate agent in the land would have liked to see Stamp Duty abolished but we all knew that wouldn’t happen. However, George Osborne, The Chancellor of the Exchequer, dealt a masterstroke to the Opposition party with his dramatic – and immediate – Stamp Duty reform. Thousands of pounds saved in Stamp Duty payments – for 98 per cent of all homebuyers – will give potential buyers a real impetus to move. It’s another way of clobbering the rich to butter up Middle England voters.” This was a carefully constructed bomb among a whole salvo of missiles aimed at the Labour Party’s election campaign. It will certainly catch the votes of most estate agents when it comes to the crunch next May. Vote-catching aside, this was a brave – and clever – way of reforming tax which removes the need for a Mansion Tax, while the wealthy (those able to afford more than £937,000 for a home) can console themselves that it is a one-off payment on purchase, rather than an additional annual tax. Changes in a nutshell Old regime: Stamp Duty applies to all properties over £125,000. It was calculated in bands and even if the…
Read More » -
Features
How’s business in Norfolk, Anglesey and Gwynedd and Staffordshire?
Each month we visit three agents across the country to discover what’s happening in their businesses and local markets. This month we visit Norfolk, Anglesey & Gwynedd and Sta ffordshire.
Read More » -
Agencies & People
Short cuts to success
Sheila Manchester explores the opportunities presented by franchises and similar business models.
Read More » -
Features
Is Pinterest of interest?
Tracy Falke, PROPERTYdrum’s resident social media expert, says Pinterest is great for property people.
Read More »