Estate Agency Market News | Property Market News - Estate …
Renters seek renovations as ‘affordable route’ to homeownership. Government slammed as it shuts Office for Place. AI property search app unveils travel time feature. Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.
Keep calm and carry on, say industry experts - Estate Agent Today
Andy Morrison reported seeing a vast increase in demand for £1m+ homes in commuter towns, especially from younger buyers. Nigel Lewis said, “broadly speaking, it’s politicians and interest rates that do damage to the property market. Once those are overcome, property markets flourish…there are too few homes to satisfy demand, so the ...
What Home Buyers and Sellers Need Most From Their Estate …
This anxiety manifests in a constant need for reassurance, leading buyers and sellers to bombard estate agents with calls and emails seeking updates. Moneybox’s 2024 study also found that 28% of recent homebuyers cited solicitors not getting back to them as the top cause of stress. This constant need for information translates into a deluge ...
House prices to grow by 6.3% by end of 2025 - Estate Agent Today
A new house price forecast by peer-to-peer real estate investment platform, easyMoney, reveals that recent optimism in the UK property market could be well-founded, as it predicts house prices to grow by an average of 6.3% by the end of 2025. easyMoney has analysed historic sold prices from the Gov UK House Price Index* as well as mortgage approved house prices from the Nationwide House Price ...
Boom or blip? Are agents heading for an awesome Autumn?
In contrast, over the past 10 years between the Autumn months of September to November, prices have typically declined by 0.1%, with the same rate of growth also observed over the winter months of December to February. This is before positive growth returns during the spring months of March to May with an average increase of 1.1%.
Trading Standards unveils latest material information rules for …
The National Trading Standards Estate and Letting Agency Team (NTSELAT) has published the long-awaited Parts B and C of material information rules. New guidance has been issued for agents this morning that aims to improve material information disclosure in property listings. Part A was announced last year and includes council tax band or rate ...
Preparing for 2022 – How current trends will affect estate agencies
This is leading to rising salaries and increased competition for good talent, which means an increase in salary and recruitment costs for agencies; if a member of staff leaves the team it can cost 20-30% more to replace them. As many agencies reduced headcount over the course of the pandemic, this pay rise is likely to affect the market and ...
Is virtual reality to become the norm for estate agents?
Immersive experiences the norm by 2070. AI predicts that by 2070, it will be standard practice for agents across the UK to be using advanced technology such as Virtual Reality (VR) or Augmented Reality (AR). We are already seeing emerging technologies that offer new consumer experiences, such as virtual property tours.
Beat the Budget – How to sell property before 30 October
The Labour Prime Minister Keir Starmer has warned that the 30 October Budget is “going to be painful” and “difficult to hear”. Changes to Capital Gains Tax and Inheritance Tax are expected and it is impacting client behaviour; those with second homes or …
Self Employed Estate Agency to ‘reach 50% by 2030’
In contrast, self-employed agents are able to offer exactly that—a personal, one-on-one service—which tends to be of a higher quality. With this in mind, I believe that by 2030, more than 50% of property transactions will be handled by self-employed agents.”. The Estate Agency is committed to leading the charge in this exciting shift ...