Estate agents mislead sellers on valuations and promise unachievable prices

In this current subdued market, new instructions have become even more valuable for estate agents, and the game of taking them on is even more competitive. But with the pool of sellers being much smaller, foul play is being seen as the tactic by some to win over new business. A recent article by The…

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It’s a first-time buyers’ market

According to recent data from Halifax, first-time buyers now make up the largest demographic of purchasers in the UK property market. In 2018, the number of first time buyers reached a total of 372,000, which accounted for the majority of home purchases for the first time in 23 years, since 1995. The first-time buyers shift…

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Is this the bottom of the market?

The property market is showing signs of bouncing back. We have registered over 120% more buyers in the last month compared with the same period in 2018 – and other agents in Fulham report similar activity. And with many sellers holding off until after Brexit, right now suddenly seems like the best time to buy…

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Emoov’s collapse – what can we learn?

Before Christmas it was announced that Emoov – one of the leading online estate agents in the UK – has gone into administration. Difficult news for all involved with Emoov, and a shock to the wider property industry. The cause of Emoov’s collapse was said to be attributed to investors unexpectedly pulling out, possibly due…

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Fulham’s sales market is broken – Only 16% of properties sold this year

In January of this year, the Financial Times called Fulham ‘ground zero of London’s slowing property market’, citing examples of great properties that have been on the market for over a year, with several price reductions, yet have still failed to sell. To establish whether these examples were still commonplace in Fulham in this current…

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Why are more and more people choosing to sell off-market?

The current property market structure can be a nightmare for both sellers and buyers, particularly in an unfavourable economic climate. Sellers are often forced to accept frustrating price cuts to their property in a bid to attract more buyers and achieve a sale.¬† Listings that are not snapped up quickly can significantly lose value while…

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London’s market at a glance

How’s London’s activity doing right now? According to the Financial Times, the average price of prime central London property has now increased to just under ¬£2 million, a rise of 12.5% from last year. However total transactions in these prime areas have in fact decreased by 8.3% in a tender market. Several experts speculate that…

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Are sellers shifting away from estate agents?

Until recent years there was one way to sell your home, and it was through an estate agent. Traditional bricks and mortar estate agents dominated the market, and the biggest became household names which ruled the roost. But now times are changing and there are new players in the game. While traditional estate agents still…

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Property exchanges are up and levels of growth are showing – here’s all you need to know about Q1.

TwentyCi recently published their Property & Homemover Report for Q1 2018, which, comprised of a wide range of sources,¬†details a thorough review of the state of the UK market and covers almost 100% of property movements in the UK so far this year. We’d like to share a few of their key findings over the…

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Is it better to buy or rent in the current climate?

There’s no disputing the fact that it’s becoming far harder to move up the property ladder as quickly as it used to be, especially in the capital. Transitioning from the rental market to owning your own home can be a huge struggle as prospective first-time buyers’ savings are squeezed by landlords. The increase in rent…

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