Author: Benjamin

[openai_chatbot] rewrite this content and keep HTML tags as is: John Quemard Estate agents in Jersey are being encouraged to join an industry association to help protect islanders in the property market. The Jersey Estate Agents’ Association said it wanted all estate agents in the island to join. It highlighted that every member was required to belong the Property Ombudsman Scheme, which allows complaints about an estate agent’s service to be escalated if they are not satisfied with the handling of an issue. President John Quemard said: “Buying a property is one of the biggest investments a…

[openai_chatbot] rewrite this content and keep HTML tags as is: The UK property auction market saw a dip in monthly year-on-year activity last month, with lots offered down 2.7% and sales falling by 7.7%, the latest data from the Essential Information Group has revealed. The national success rate dropped to 68.7%, with the residential sector accounting for much of the decline. Despite this, the total raised was only slightly lower, down 1.1%, suggesting that well-priced stock continues to perform. The market remains active, but buyers are becoming more selective and are less likely to engage where pricing doesn’t meet expectations.…

[openai_chatbot] rewrite this content and keep HTML tags as is: Verona Frankish YOPA has recorded a a strong increase in year-on-year revenue and a further trend towards profitability as part of their five-year strategy implemented in October 2022. The latest accounts filed at Companies House, for the year ending September 2024, show that the hybrid estate agency saw revenue increase by 22% from £17.3m in the 2023 financial year to £21.2m in 2024. Since 2022, under the stewardship of CEO Verona Frankish, YOPA has slashed inherited losses by 48% from £6.1m in 2021/22, and signs are this trend could improve…

[openai_chatbot] rewrite this content and keep HTML tags as is: Emoov founder Russell Quirk predicted in 2013 that a third of all UK homes sold would ultimately be via online agents [/openai_chatbot] #OPINION Source link

[openai_chatbot] rewrite this content and keep HTML tags as is: Sam Mulhall Former Stirling Ackroyd sales director joins Moveli  Ex-Stirling Ackroyd sales director, Sam Mulhall, has joined self-employed estate agency Moveli. Mulhall has more than 14 years experience as an agent, and previously worked for Stirling Ackroyd for almost eight years as their new homes sales director. Moveli’s co-founder, Ben Littlewood, said: “Sam is a fantastic addition to Moveli, further enhancing our presence across the Home Counties and beyond. We’re focused on continued growth by bringing in experienced agents operating in the upper end of the market nationwide. At the same time,…

[openai_chatbot] rewrite this content and keep HTML tags as is: UK Finance has released its interest-only mortgages data for 2024 revealing a significant drop in in interest-only mortgage stock of 17% over the year. This analysis covers pure and partial interest-only homeowner mortgages as well as maturity and loan-to-value (LTV) profiles. The same review criteria also revealed a reduction by 78% in number and 61% in value since 2012, the first year this data was collected. The research also found that there were 541,000 pure interest-only homeowner mortgages outstanding at the end of 2024, 18.5% fewer than in 2023. In…

[openai_chatbot] rewrite this content and keep HTML tags as is: Glenigan has released its widely anticipated UK Construction Industry Forecast 2025-2027, predicting that housebuilding and other sectors will see a resurgence of activity over the next couple of years. Private housing starts have already shown marked improvement during the first four months of 2025, bolstered by more favourable market conditions. While a brief retrenchment is anticipated in Q2, this is expected to be temporary. Encouragingly, the housing market is forecast to strengthen considerably during the latter half of 2025 and throughout 2026, driven by rising household incomes, reduced mortgage rates…

[openai_chatbot] rewrite this content and keep HTML tags as is: The Annual Property Market Report has been published by Registers of Scotland (RoS) revealing that in the last 10 years the value of the Scottish residential property market has increased by 45%, from £15.7bn to £22.7bn. According to the latest research, the average price of a residential property in Scotland reached 190,000 in 2024-25, an increase of 3% from £185,000 in 2023-24. Some 99,975 residential property sales were recorded in Scotland, an increase of 7% on 2023-24, while the total value of residential property sales in Scotland – £22.7bn – represents an increase…

[openai_chatbot] rewrite this content and keep HTML tags as is: Welcome to the latest episode of the UK Property Market Stats Show, your go to weekly ‘TV show’ on the UK Property Market. This week, I am joined by Steph Walker-Vass, boss lady of TAUK, as we delve into the key property market headlines for 23rd week of 2025 ending on the 15th June 2025.     ✅ Listings (New Properties on the Market) 37.6k new listings this week (last week 39.3k) YTD 5% higher than Week 23 of 2024 YTD and 8% higher YTD compared to 2017/18/19. ✅ Price Reductions (% of…

[openai_chatbot] rewrite this content and keep HTML tags as is: The Bank of England left interest rates on hold at 4.25% yesterday, but the property industry has broadly welcomed signals of further cuts in the cost of borrowing, which could come as soon as August, after “clearer evidence” of growing unemployment amid a slowing economy. Uncertainty facing the economy led to interest rates being held this month, with six members of the Bank’s nine-member monetary policy committee (MPC) voting to keep rates on hold while three preferred a reduction to 4%, to add to the four quarter-point cuts since last…