Alex Gosling
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Agencies & People
Co-founder of Purplebricks’ parent company Strike quits
Alexander Gosling has left his role as a director and President of Strike bringing to an end his 18-year involvement with the firm.
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Latest property news
Third of all asking prices have been lowered, says online agent
Online agent HouseSimple reckons a third of properties for sale in the UK have had their asking prices reduced since they were first marketed, based on listing data is obtained from Zoopla. The agent looked at 100 large towns and cities across the UK and found that in eight the percentage of homes reduced was in excess of 40%. All are in the north or Scotland and include Stockton-On-Tees, Aberdeen, Halifax, Middlesbrough, Blackburn, Rotherham and Darlington. Only one city in the south experienced asking price drops in excess of the 31.3% average – Oxford – where HouseSimple says 36.8% of homes for sale have had their price lowered. Of the three largest cities in the UK, London has the highest percentage of properties currently being marketed (30%) that have had a price reduction since they were initially listed. This compares with 27.6% in Birmingham and 19.9% in Manchester. HouseSimple says this “suggests that estate agents in the Capital are finding it harder to secure a sale and are having to drop asking prices to attract buyers”. “Price reductions can indicate that there are too many sellers and not enough buyers, but actually there has been a lack of stock coming…
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Agencies & People
Spot the difference
Marc Da Silva talks to the CEO of one fast-growing online agency and asks what they have to offer over High St agencies – besides the obvious!
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Housing Market
The growing supply-demand imbalance is pushing up residential property prices
Residential property prices look set to increase further this year, as demand from buyers continues to heavily outstrip the supply of homes coming on to the market, the latest residential market survey from the Royal Institution of Chartered Surveyors (RICS) has revealed. The report shows that while 44 per cent more chartered surveyors saw prices rise in July, the supply of homes coming onto the market continued the drop with 22 per cent more surveyors reporting a decline in fresh instructions. Furthermore, the shortage of housing inventory worsened further during July, with the average volume of homes for sale per surveyor falling to an all-time low. As a result, all areas of the UK are now expected to witness property price growth over the next 12 months, with the greatest level of confidence currently being seen in East Anglia and Northern Ireland. RICS expect home prices to be pushed higher on the back of the growing supply-demand imbalance, with 41 per cent of members expecting prices to continue to appreciate over the next three months. Increasing prices does not appear to have deterred buyer interest, with new purchaser enquiries growing for the fourth consecutive month, with 25 per cent of…
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Agencies & People
The big debate: traditional agent vs online agent?
Traditional agent Lee James Pendleton makes the case for the traditional model while Alex Gosling bats for the online agent model.
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