Nottingham lettings agents are managing an average of 31.4 available rental properties each, more than double the national average across major British cities. Analysis of 21 major cities found significant regional disparities in agent workloads. The post Nottingham lettings agents handle twice national average appeared first on...
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More than one in three estate agency proposals are sent after the six-hour window associated with higher instruction conversion rates, according to research analysing over 123,000 proposals. The study found regional variations, with the North West achieving the fastest turnaround at 2 hours 41 minutes, while Scotland took 5 hours 21 minutes. The post Over a third of agents miss six-hour proposal window...
Prime Minister Andy Burnham has confirmed that Stamp Duty will not be reformed in the upcoming Budget, dismissing weekend reports suggesting the tax was under review. The decision follows concerns that speculation about potential changes could freeze the housing market. The post Burnham rules out Stamp Duty changes in next Budget appeared first on...
A private landlord has been fined £5,600 by Blackburn magistrates after failing to comply with an improvement notice for a Clitheroe property. Wajid Mahmood pleaded guilty to the offence after council inspections found multiple hazards including no hot water, damp, mould and faulty electrics. The post Lancashire landlord fined £5,600 for repair failures appeared first on...
Landmark Information Group has introduced a search bundle designed to assist estate agents and property professionals in preparing for the Government's proposed home buying and selling reforms. The Sales Pack Ready kit combines searches and property information as transaction times reach 123 days on average. The post Landmark launches search bundle for property reforms appeared first on...
The Bank of England is anticipated to maintain interest rates at 3.75% when the Monetary Policy Committee announces its decision on Thursday, though geopolitical tensions are introducing fresh uncertainty. Most economists predict a 7-2 vote split in favour of holding rates, following June inflation data showing CPI at 2.6%, its lowest level for 15 months. The post Bank of England expected to hold rates at...
Homebuyers in the UK could reduce property costs by up to 47% by purchasing in postcodes adjacent to the country's most expensive areas, according to research from Lloyds Bank. The study found that homes in neighbouring areas cost 28% less on average nationally. The post Buyers could save 28% by purchasing in neighbouring postcodes appeared first on...
The property industry lacks independent data on out-of-hours enquiries, with widely cited figures ranging from 26% to 91% based on suppliers' own datasets. Analysis reveals commonly quoted portal statistics are misinterpreted, whilst independent research shows peak enquiry activity occurs at 8:48pm, creating a mismatch with agent availability. The post Out-of-hours property enquiry data reveals industry...
Property transaction platform Gazeal has secured sign-ups from over 200 estate agents for its upfront seller survey service, which provides buyers with accredited surveyor reports before offers are made. The service operates through a network of more than 1,000 surveyors covering nearly all UK postcodes. The post Gazeal attracts 200 agents to upfront survey service appeared first on...
More than a third of landlords have increased their asking rents in the months following the introduction of the Renters' Rights Act, according to research from estate agent Chestertons. The firm's latest quarterly report found a 36% annual increase in landlords raising their initial marketing prices. The post Landlords raise asking rents following new legislation appeared first on...