haart
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Movers & Shakers
Haart establishes a new region: Warwickshire
Haart is to set up a new region covering Warwickshire, run by new recruit Vanessa Milward.
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Latest property news
All rise: haart reports February market surge
Instructions, viewings, transactions, new buyers, house prices, rents, new tenants and purchasing landlords all rose in February 2018, with 15 buyers chasing every property for sale.
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Latest property news
Snow debate about the timing… SpicerHaart send staff on Alpine driving course just before storm Emma
Thursday and Friday last week were quiet days for many agents as viewings, appraisals and tenant check-ins proved difficult to get to as the beast from the east roared in. But one set of 24 SpicerHaart agents will have had fewer excuses than most for cancelling appointments, as they had recently completed a course in the Austrian alps designed to sharped up their snow and ice driving skills. The top-performing agents from several of the company’s agencies including haart, Chewton Rose, Felicity J Lord, Darlows and Haybrook were in Austria three weeks ago on a glacier near the ski resort of Sölden. It’s some 3,000 metres above sea level and the highest driver training camp of its kind in the world. The course, which was provided by BMW, included instruction on how to avoid skidding into walls of ice, breaking and steering on snow, as well as avoiding steep drops down the mountainside.4 The trip was part of SpicerHaart’s ongoing programme of taking its brightest stars on foreign jaunts. “It was a brilliant trip, absolutely fantastic [and] we all now know how to drive properly in the snow,” said Mel Mills (pictured, above), Branch Manager of haart in Bury St…
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Latest property news
Official house price index highlights sales slide in London and beyond
The total fee slice taken by London estate agents each month dropped by over £20 million between 2015 and 2016, the latest house price index reveals. Today’s figures from the Office of National Statistics (ONS) reveal that the number of completed sales during November 2016 compared to November 2015 fell from 9,800 to 6,400. This, based on an average fee of 1.5%, saw agents’ total revenue for the two Novembers dip from just over £67 million in 2015 to £47 million last year. Completed house sales across England also reduced during the same period, down by 21.2% to 62,500 from 79,300. This reduction in supply is the main driver behind buoyant house price figures, most commentators agree. The figures for completed sales, also released today, show prices rising by 6.2% over the past year. The average price for a property in London is now £490,700 compared to £234,800 in England and £145,900 in Wales, the index says. “With only a week to go until Article 50 is triggered, house prices remain indestructible as the average person is paying £13,000 more to own a home than the same time last year, reflecting the health and buoyancy of the UK economy seen in…
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Movers & Shakers
New Regional Partner joins haart
haart estate agents has appointed Kieran Hogan as its new Regional Partner for South London.
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Latest property news
‘Bank of mum and dad’ backed first time buyers driving property market, it is claimed
If you’re wondering which way the property market is moving, then be heartened by the Council of Mortgage Lenders (CML). It says that while the number of home loans dropped 1% year-on-year, the number of first-time buyer loans has increased by 9%, driven in part by parents re-mortgaging to help their offspring get on the property ladder, it has been claimed. The number of first time borrowers in the market hit 337,000 last year, the highest level in any twelve month period since the financial crash of 2008, the CML says. Re-mortgaging activity in the property market increased by 54% between December last year and January this year, and although this is driven in part by competition among lenders to offer lower and lower rates, agent Haart says it’s also driven by ‘bank of mum and dad’ parents. “We are seeing more and more parents on the ground looking to release equity in their homes to support increasing numbers of young people who are leaning on their parents for support to get onto the property ladder,” says Haart’s CEO Paul Smith (pictured, left). “With rents sent to increase as landlords are squeezed, and ONS figures showing that house prices have reached 10 times the average…
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Latest property news
Will Hammond rescue faltering London market?
Haart today revealed that its branches within the M25 recorded an increase in sales activity of just 1.1% month-on-month during September compared to a 75% increase for its branches 100 miles or more outside the capital, painting a worry picture of the struggling London property sales market. “The evidence from our branches is that areas around 100 miles from the capital are where the market is reviving, and this is spreading towards the South East and London – a complete reversal of the traditional ‘London first’ pattern we’ve grown used to,” says Haart CEO Paul Smith (pictured). Land Registry data shows that the number of homes sold in London reduced by two-thirds between March and June this year, before the Brexit vote. The slump has been blamed by agents such as JLL squarely on the recent increases in Stamp Duty and Land Tax (SDLT) at the top end of the market. Homes for sale over the SDLT threshold of £925,000 now make up 34% of all homes for sale in London so the changes have been keenly felt in this price band, plus many agents blame the extra 3% SDLT for hammering the number of landlords buying property there too.…
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Guest Blogs
Lets be transparent about lettings fees
Paul Smith, CEO of haart, says that agents need to be totally transparent about letting fees.
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