Homeowners and estate agents get new ‘dating’ website

A new ‘dating’ website aimed specifically at matching UK homeowners and estate agents is now online at www.placeonthemarket.co.uk

It’s estimated that the UK now has around 800,000 available homes for sale or to rent at any given time and Place on the Market aims to make it easier for owners and estate agents to get together. “We believe the right relationship with your estate agent makes you happy,” says a spokesperson for Place on the Market. “And everyone needs a little happiness during moving home, one of the most stressful periods of your life.” Continue reading

Downsizing windfall rises to over £100,000 in 2014

The latest Downsizers Report from Lloyds Bank shows how trading down from a detached house to a bungalow or a semi-detached house could raise a significant amount of cash.

Those moving to a bungalow can free up £103,715 on average, with those moving to a semi-detached house standing to raise even more money, up to £121,686. Continue reading

Gross lending remains steady in December

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.5 billion in December. This remained unchanged month-on-month compared to November but down 1% compared to December 2013.

This means the gross lending estimate for the fourth quarter of 2014 is £51.6 billion, down 8% on quarter three but up 1% on the fourth quarter of 2013. Overall, for 2014 the gross lending estimate is £205.6 billion, up 17% on 2013’s £176 billion gross lending figure. Continue reading

House prices in Balham boosted £415 a day

Property prices in Balham outpaced the rest of London in 2014 with 21% annual growth, according to estate agent Marsh & Parsons’ latest London Property Monitor. 

The average Prime London home has risen in value by £95,000 in the past twelve months – however house prices in cheaper Balham have jumped £152,000 over the same period. Continue reading

Property portal Zoopla reports record start to 2015

Zoopla Property Group (ZPG) has reported record levels of both website and mobile activity during the period 1 January to 13 January, with new highs seen in the number of visits across its platform.

On Tuesday 13 January the ZPG sites saw a record level of traffic at just under 2m visits in a single day, with traffic for the period up 7.3% over the same period last year. Continue reading

“OnTheMarket – Is it worth the move?”

Today, Monday 26th January 2015 sees the launch of controversial new property portal OnTheMarket.com

Founded by; Savills, Knight Frank, Strutt & Parker, Chestertons, Douglas & Gordon and Glentree Estates this new entrant is their attempt to break the duopoly currently held over estate agents by Zoopla & Rightmove. Continue reading

High house prices breed a new generation of renters

Almost a million more people in England rent their home than they did five years ago, and new research shows that many of them are stuck in a cycle of short-term lets that leaves them unable to put down roots or plan for the future.

The National Housing Federation has found that private renters are now nine times more likely to have moved in the past year than homeowners, and reveals that more than one in four (28%) private renters feel that they can’t put down roots because they might have to move again soon – rising to almost one third (32%) among renters with children in the household. Continue reading