News feeds

Yes creates housing uncertainty - but so does No

Estate Agent Today - 17 September 2014 - 1:00am

A Yes vote in tomorrow’s Scottish referendum would create over a year on uncertainty in the housing market - but a No vote would still leave people unsure how the Scottish economy may change as a result of additional devolution.

That is the view of LSL Property Services, which says over half of Scotland’s property prices fell in July leaving the country still on average some 0.6 per cent below the 2008 peak, with transactions still 30 per cent lower than six years ago.

 

The new figures are not all bad news. There were 9,285 transactions in July, climbing five per cent from June to reach the highest monthly total since July 2008. And in two particular areas prices reached new high - major employment centres Aberdeenshire and Edinburgh.

 

But on the other side of the coin, uncertainty is leaving its trace according to Gordon Fowlis of Your Move, one of LSL’s agency brands. 

 

“Depending on the outcome of the referendum, there is a chance of a mass take-off and sale of investments, which would disrupt house prices in the short-term.  Ambiguity surrounding Scotland’s future isn’t helping. We are in the throes of the longest period of sustained monthly house price growth since February 2007, but only time will tell whether this recovery will be derailed” says Fowlis.

 

“A Yes vote would usher in a further sixteen months of uncertainty. A Scotland outside the UK would open the floodgates to the real questions of currency, exchange rates, mortgage risk, and property taxation. Many mortgage holders could see their LTV shoot up as the implications of borrowing from a bank in a foreign country are unmasked. A No vote doesn’t guarantee clarity either – but the mist of ambiguity would clear sooner” he says.

 

 

  • scotland
  • Referendum
  • LSL Property Services
Categories: News feeds

Agents secure 'cherished' estate deal

Estate Agent Today - 17 September 2014 - 1:00am

In a coup for Strutt & Parker and small Devon agency Michelmore Hughes, the much-publicised Bantham Estate has been sold in accordance with the wishes of its owners and, unusually, its existing residents.

The estate won substantial publicity in the spring because residents in the 21 homes on the estate - along with conservation and other groups - wanted the entire estate to remain as one. This includes the residential element, 716 acres, two main boat houses, a harbour and an 18-hole golf course, on sale for OIEO £11.5m.

 

Together they are considered to be one of the most uniquely diverse and unspoilt villages in the UK. But it was feared that there may be no single buyer willing to take on the entire offer, and to manage it as now.

 

However, the two agents have secured a deal with Nicholas Johnston who already owns the Great Tew Estate in Oxfordshire. 

 

Johnston’s statement says:“I am delighted to have agreed and concluded the purchase of the beautiful Bantham Estate in Devon. I would hope that our existing Estate at Great Tew in Oxfordshire and the long term, coherent and considerate management of this equally beautiful village, farmland and landscape would reassure those genuinely concerned about the future of Bantham. We look forward to bringing another long period of family ownership to this unique estate.”

 

  • strutt & Parker
  • Michelmore Hughes
  • Devon
Categories: News feeds

Century 21 opens fifth office in one month

Estate Agent Today - 17 September 2014 - 1:00am

The franchise firm which calls itself the world’s largest residential estate agency has opened its fifth UK office in one month, in the London borough of Islington. 

As is usually the case with Century 21, it will be operated by an existing local agent - in this case Hannah Little - but taking up the full branding of the franchise.

 

“We were drawn to Century 21 for many reasons. Firstly, it is a major international brand, secondly those international links provide a range of property opportunities for clients, and also the major investment and commitment from Shepherd Direct” says Little. 

 

Century 21 began in the US and claims to be the world’s largest residential agency with some 7,000 franchise offices and over 100,000 agents in 77 countries. It is part of a group including the well-known US realtor brand Coldwell Banker, and Sotheby’s International Realty, which has a UK office in Mayfair.

 

Some 18 months ago Shepherd Direct acquired the licence to operate the Century 21 sales and lettings brand across the UK and Channel Islands; its headquarters are in Scotland and central support services for franchisees are based in Nottingham.

 

  • Century 21
  • london
  • Franchise
Categories: News feeds

Live Q&A on Renting & Sharing

Property 118 - 16 September 2014 - 3:03pm

What are today’s landlords and tenants struggling with? We’re running a live Q&A in partnership with Shelter, helping everyone to get answers to their burning questions on renting and sharing. We’ve invited people to send in their questions in advance and the range and depth of what we’re getting in already is quite astonishing. We’ll... Read more

The post Live Q&A on Renting & Sharing appeared first on Property118.com.

Categories: News feeds

Values for Success

Residential Landlord - 16 September 2014 - 2:14pm
Make this year your most successful with 6 values from wealth expert, John Lee of Wealth Dragons.   New York, New York -- Jan 14, 2014 /
Categories: News feeds

Estate agents behaving badly

Daily Telegraph - 16 September 2014 - 1:16pm
A London estate agent has been sacked after stealing a bar of chocolate from a tenant's flat. When else have the people 'looking after' your property behaved out of line?






Categories: News feeds

Our lips are sealed?

Property 118 - 16 September 2014 - 1:07pm

After 7 years living abroad we are moving back to the UK in the next couple of months. Before we left in July 2007, in the dim distant days of self certified buy to lets and sub prime lending, we transferred the mortgage on our home from a repayment to a buy to let mortgage.... Read more

The post Our lips are sealed? appeared first on Property118.com.

Categories: News feeds

Top areas for rental income

Residential Landlord - 16 September 2014 - 11:09am
It’s a commonly known fact that London provides the UK’s highest rental income for landlords, and it seems its influence is spreading. Commuter belt cities
Categories: News feeds

10 of the most beautiful holiday homes for sale

Daily Telegraph - 16 September 2014 - 7:00am
Always dreamt of having a hideaway in Somerset or Devon? We've picked 10 of the best on the market in the West Country






Categories: News feeds

Inheritance tax and stamp duty are unjust taxes

Daily Telegraph - 16 September 2014 - 6:10am
Telegraph View Inheritance tax and stamp duty are now penalising those who could not be described as rich






Categories: News feeds

Two thirds of first time buyers rely on bank of mum and dad

Daily Telegraph - 15 September 2014 - 8:15am
Number of young professionals relying on the bank of mum and dad to buy their first home doubles in five years






Categories: News feeds

Why is Britain so terrible at domestic architecture?

Daily Telegraph - 15 September 2014 - 7:52am
The real disasters of British architecture are the majority of houses built in the last 50 years, says Alex Proud






Categories: News feeds

Love food? Best West Country homes near top restaurants for sale

Daily Telegraph - 15 September 2014 - 7:00am
The West Country is a gastronomic paradise, according to the 'Good Food Guide'. Graham Norwood picks homes on the doorsteps of the region's best restaurants






Categories: News feeds

A generation to miss out on owning homes

Daily Telegraph - 15 September 2014 - 6:00am
Number of young professionals relying on the bank of mum and dad to buy their first home doubles in five years






Categories: News feeds

Nearly 70,000 homes came close to gas disaster

Daily Telegraph - 15 September 2014 - 6:00am
New figures show that 68,000 homes had narrow escapes from deadly gas incidents in the past year alone






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