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Features
Bottom line boosters
As well as the time-honoured ways for agents to earn extra revenue, Lisa Isaacs discovers some new propositions that can generate passive income.
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Latest property news
Zoopla unveils its annual ‘State of the Property Nation’ survey
Report says that agent confidence in the market has reached a three-year high, having surveyed 6,000 people and 650 agents across the UK.
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Features
A new source of revenue for estate agents
Richard Jacques, the former Lettings Director at Purplebricks, was on a roll on the day I went to meet him at a flexible workspace near Oxford Street. Richard was in full swing, launching his investment platform Investerge on that same day with several colleagues in tow – explaining how his new venture will, it is claimed, revolutionise the property investment market. Platforms like his are not usually of much interest to estate agents; they cream off some investors from the auction market and others from new build sales but, while some agents are more than happy to help clients build up portfolios, in most areas it’s a relatively niche part of the market. A new source of revenue for estate agencies However, the reason we’re here is that Investerge claims to be a new a source of revenue for agents in today’s more challenging times. Jacques says that Investerge will create a level playing field for investors and claims it’s already initiated property deals worth ‘multi millions of pounds’. We provide agents with a way to work on their own database of clients for whom they may not have properties today. Jacques says his platform will introduce investors to properties…
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Housing Market
Significant rise in residential property transactions
There has been a sharp increase in the volume of residential property transactions in the UK in the last five years, according to Ludlow Thompson. The company report that transactions have risen by 37 per cent in the last five years, from 878,720 in 2010-11 to over 1.2 million in 2014-15, helping to boost the wider economy. HM Revenue and Customs data reveals that over £10 billion has been raised in revenue from stamp duty on property and land over the past 12 months, which is more than capital gains tax and inheritance tax collectively. Stephen Ludlow, the company’s Chairman, commented, “Not only does the increased activity show that the residential property market is booming, the increased revenue from stamp duty is hugely beneficial in putting the UK on a firmer financial footing.” Last week, HMRC data revealed that the number of residential property transactions reached 100,790 in March, down 2.4 per cent compared to the corresponding month in 2014. “House sale completions are limping along as we approach the final furlongs before the election,” said Adrian Gill (left), Director of Your Move and Reeds Rains estate agents.” But while many prospective buyers are currently dragging their heels, Gill expects…
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