Hamptons International
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Latest property news
Company landlords on the rise, says Hamptons
International Monthly Lettings Index shows that 12% of rented homes are at the highest level in eight years.
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Latest property news
Fewer people are renting, reveals new research
Analysis of 90,000 lets last year across the UK by a leading estate agency within the Countrywide group reveals several surprising trends.
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Latest property news
Hamptons International kicks off celebrations for 150 years in business
Hamptons International has revealed extensive plans to celebrate its 150th year in business during 2019 including an extra day’s holiday for all its 1,000+ staff, a fleet of branded London black cabs, plans to raise £150,000 this year for Cancer Research UK and the introduction of a ‘green plan’ for the business. Also, the 150th property to be sold or let this year will be commission-free for the client involved and all its branches now have ‘150 years’ window stickers (see above). Hamptons International was established in 1869 by George Hampton at an office on Cockspur Street in Pall Mall, central London although his original business, a furniture shop, was started up in 1830 in North London. The property business was sparked into life employing eight staff when the furniture business and all its records burned down. The firm endured several challenges including being bombed out of its premises during WWII but by the mid-1930s was successful enough to be separated off from the parent company, and during the 1980s was bought by Abaco Investments for £15 million and then sold to Bristol & West building society in 1990. Challenges A less happy period ensued for the company during which…
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Latest property news
London exodus gathers pace as first time buyers flee high house prices
The capital’s crazy house prices are forcing more Londoners to look further afield when buying their first home, it has been revealed. Last year they bought property worth a combined total of £30 billion outside of the capital, the highest level since 2007. This includes 74,350 homes, 3.8% higher than in 2017, the research by Hamptons International shows. It also reveals that one in five Londoners moving out of the capital chose to settle in the Midlands and North. This compares to 15% in 2015 and just 7% in 2008. But three quarters of first-time buyers escaping London’s high house prices stayed in the South of England, where the most popular town was Broxbourne in Hertfordshire. This was followed by Sevenoaks in the South East, Bath in the South West and Daventry in the Midlands. The allure of moving out of London for first time buyers is easy to see; while the average price of a home in London is £629,012, according to Rightmove, the average price of a home bought by fleeing Londoners outside its borders was £398,910 in 2018. But this is 37% higher than in 2007, despite considerable softening in house prices within the capital recently. “Historically most…
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Latest property news
Number of overseas landlords halves to 5.5% of buy-to-let market
The proportion of overseas landlords within the UK buy-to-let property market has halved to 5.5% this year, half the figures in 2010.
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Charity
Hamptons sponsors Eventing at Gatcombe Park
Hamptons International was delighted to be a sponsor at the Magic Millions Festival of British Eventing in August – its 15th year of supporting the annual horse trials.
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Charity
Hamptons International’s 10k run raises £7,000
Hamptons International has raised £7,000 for its charity partner, Cancer Research UK, by taking part in the Virgin Sport British 10k run.
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Latest property news
So that’s where Marsh & Parson star Liza-Jane Kelly went!
Senior industry veteran Liza-Jane Kelly has joined Savills to head up the company’s prime London market sales team just over a year after her shock departure from London agency Marsh & Parsons. She helped grow M&P from a minor operator to one of the capital’s fastest-expanding agents, enlarging it from seven to 27 branches. Kelly led a management buyout of M&P in 2005 with fellow director Peter Rollings, backed by Irish firm Sherry Fitzgerald, growing the company partly through the acquisition of local competitor Vanstons in 2006. But after LSL bought the company in 2011, Kelly unexpectedly left the company to “pursue other career opportunities” in May last year. Before joining M&P she had worked initially for Sherry Fitzgerald in Ireland before moving to London to work for Hamptons International. Kelly has been biding her time, waiting for the ideal opportunity to present itself, and her new role at Savills is one of the most prestigious and challenging within the estate agent industry. “I’m delighted to be joining the team at Savills, a company and brand I have long admired,” she says. Savills reveals she will be working with and evolving existing teams and concentrating on London’s core prime markets…
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Charity
The gloves are on for Grant
A Sales Manager is stepping out of his comfort zone and into the boxing ring to raise money for charity.
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Uncategorised
How long does it take first time buyers to save up?
Shocking figures just out reveal that it takes five and a half years for the average couple to save up for a deposit while it takes singleton savers ten years. The data from the London market is even more hair-rising. There, couples are taking on average nine years to save up a deposit while single savers require 14 years, says Hamptons International. This is despite recent help for from the Bank of England, which announced a cut in interest rates in early August. This has been passed on by lenders in recent weeks including to first time buyers (FTBs) and, if they shop around, rates for ‘discounted mortgage’ products can be found for under 3% while several two-year fixed rates are available at 3.5%. Overall, August’s 0.25% cut to interest rates, if fully passed on, mean that mortgage payments could on average be £244 a year lower for the average first-time buyer home in England and Wales. In London, the agent says, mortgage payments would be £518 lower. But despite the long wait to gather a deposit, enthusiasm for property ownership is not waning; figures from the National Association of Estate Agents show that the number of sales to FTBs has…
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