Search Results for: landlords selling
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Housing Market
Regeneration of a leading city
Marc Da Silva discovers that there is now a very lively property market in Leeds.
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Uncategorised
Frozen Britain
Report Headlines Rightmove: “Home-owner confidence sets the scene for higher prices in 2016.” NAEA: “Sales to first time buyers highest in six years.” RICS: “No easing in supply constraint.” Nationwide: “Slight softening in house price growth in November.” Home.co.uk: “Stock of property for sale hits new low.” Hometrack: “Prices accelerate in large regional cities.” Land Registry: “October data shows a monthly price increase of 0.4 per cent.” Kate says: “The property market used to be relatively easy to predict from a business perspective. Things were often quiet for the first few weeks of January then the rush began to the end of May, quiet-ish summers, a flurry of activity post summer holidays and a quietening down to Christmas. Not anymore! Since the credit crunch, from one month to the next, we are never quite sure what is going to happen. This difficulty in forecasting the short and long term future of the property market from an industry perspective is now exacerbated by one government housing announcement after another, many of which are being made at too short notice, causing mayhem in the market! The main game changer though, is that both George Osborne (Chancellor) and Mark Carney (Governor of the…
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Latest property news
EasyProperty set to launch online property auctions
The property market is now full of online ‘disrupters’ claiming to be the next generation of estate agent but EasyProperty, backed by billionaire Stelios Haji-Ioannou, is taking its online battle to auctioneers too. The company, whose website shares the same orange branding as its airline stablemate, has revealed that it is to start selling property through online-only auctions this Spring. Nigel Lewis met EasyProperty’s CEO Rob Ellice to hear about the plans. “The technology will be ready to go in February and then we’ll start running up a book and get it in place and the first auctions will be this Spring,” says Rob (left). “I think the success of Ebay suggests that in order to have an auction, it doesn’t have to be in a room so we’ll be taking on the existing auctions houses – who aren’t too happy. Many of them, who I’ve known for years, have come back to me and said ‘hang on, what are you doing’?” Offering public online auctions that are easy to sell through and, he claims, much cheaper for both vendor and buyer, is a significant challenge to the traditional auction model. At the moment most non-professional home sellers and buyers…
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Agencies & People
Leaders moves into Warwickshire
Leaders has continued its expansion with the addition of two new branches in Leamington Spa and Kenilworth after completing the acquisition of Heritage Property, which traded from premises in the two Warwickshire towns. A total of 11 new businesses and 32 additional branches have been secured by the company over the course of 2015 – meaning the last 12 months have been its most active yet in the acquisitions market. The Leaders network now spans some 113 branches across the UK. This year’s acquisitions mean that Leaders now has a presence in 22 counties, having moved into Worcestershire, Leicestershire, Derbyshire, Nottinghamshire and Warwickshire for the first time this year. The company now has in excess of 45,000 tenanted properties on its books and handles in the region of £28.5 million in rent every month. Matthew Light (left), Acquisitions Director at Leaders, said, “We have spent more than £25 million on acquiring new businesses this year, which has helped to take our branch network beyond 100 locations. “With so much experience in this area, more vendors are now viewing us as the perfect acquirer of their company when they decide to sell. We have shown we always deliver on our promises,…
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Agencies & People
Life’s a beach
Life’s a beach …or it could be, if Belvoir – or any other business-hungry buyer – came knocking on your door. Nigel Lewis speaks to Commercial and Franchise Director Dorian Gonsalves.
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Products & Services
Sofa, so good for Build to Rent?
As tenants move into the UK’s first Build to Rent apartments, Nigel Lewis discovers that in this new sector it’s not just the flat that your rent, it’s the whole shebang.
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Marketing
#Get moving. #Get social. #Get it right.
Look at some estate agents’ Facebook pages and you can see they think social media is just about posting their listings; you can’t tell the difference between their Facebook page and Rightmove, says Andrea Kirkby.
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Housing Market
Jeremy Leaf
Has the Summer Budget busted buy-to-let? George Osborne’s changes to mortgage interest relief and tax could have a serious effect on the market, says Jeremy Leaf.
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Products & Services
The game-changer
Technical development never stops, so how is estate agent software evolving? Sheila Manchester asks the leading innovators.
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Latest property news
Buy-to-let mortgages to be overseen by BoE
Growth in the buy-to-let sector could soon come to a very abrupt end if the Chancellor George Osborne presses ahead with plans to regulate those mortgages available to landlords. The Chancellor announced late last week during a Treasury Committee hearing that he intended to give the Bank of England (BoE) additional powers to regulate the buy-to-let mortgage market. While the stock of owner-occupier mortgage lending has risen by just 2 per cent since 2008, buy-to-let mortgage lending has increased by more than 40 per cent over the same period. But growth could come to an end after the Bank, which already has the power to regulate the wider the residential mortgage market, was also given the authority to regulate the buy-to-let sector too, should it wish to do so. BoE warned last month that Britain’s buy-to-let market poses an increasing threat to financial stability because rising property prices expose vulnerabilities that could magnify a housing market crash. The Financial Policy Committee, led by Governor Mark Carney, said landlords were more sensitive to booms and busts, often buying property when prices increase but also selling homes swiftly during a downturn. Peter Williams (left), Executive Director of the Intermediary Mortgage Lenders Association…
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