There are many who would argue that an auction is the best way to establish ‘market value’ despite the fact that the only people who can bid must be ‘cash’ buyers with borrowings in place if necessary but with the ability to put down 10% when the gavel goes down and to pay the balance and complete usually 28 days later. This excludes bidders who […]
I’m flattered to be included in the Prime Resi list of Top 40 Buying Agents they have just published. With reports that a third of buying firms giving up over the past year it is a relief to find so many of friends and colleagues still busy and flying the flag for our side of the business. You can find the full list here.
Earlier this year I added a ‘Quick Check’ service to my more formal buying agency business. Costing clients just £100 (inc VAT) I check a property that someone is thinking of buying to make sure their biggest single purchase isn’t their most expensive. I wasn’t sure if it would take off but I’ve been doing two or three a week. With 100,000 people buying a […]
A couple of statistics out this week may surprise you but may give frustrated buyers some optimism. Half of all homes for sale fail to sell. You won’t find many estate agents admitting this and of course each will claim that their own statistics are much better. There are some regional differences inevitably but there are around 650,000 homes in total for sale today across […]
Using articles by Anna White, Prudence Ivey, and James Pickford and quotes from Lonres and Savills I have tried to look back at the faltering market of the past two years and at the impact of the Brexit vote. Produced using Apple’s Keynote software
Back in 2007 I explained to the FT that after years of rising house prices I felt that the market had peaked. Professional colleagues like those at RICS dismissed the suggestion little knowing that we were about to live through the most frightening economic time in decades. If you’ve watch The Big Short you’ll have an idea of what part housing in America played in the […]
My holiday in Italy this year was not exactly what I had booked. We now make our annual pilgrimage to Umbria staying for as long as we can in an area we now know well and that is starting to know us. We’re very fortunate. This year was not a complete break with invitations as in previous years to do live interviews with the Today […]
James Pickford has summarised last weekends FTWeekendLive debate in todays paper with a good look at the state of the London property market. Last Saturday at Kenwood House in North London 20,000 Weekend FT readers gathered to hear some of their favourite reporters and contributors discussing everything from the price of potatoes (on the Food & drink stand) to the shape of the London housing […]
Rightmove have published their latest asking price index which shows a slight fall in seller expectations just as it always does at this time of year. Here’s my 2’30” summary of prices and some fascinating data from National Association of Estate Agents on the business done by its members.
The Bank of England have cut interest rates to their lowest in 368 years. Base rates are now at 0.25% and a further £60bn of ‘Quantitive Easing’ was also promised with the suggestion that rates could be trimmed yet further by the year end. Some economists suggest that this is needed and welcome, others are less sure but on Radio 2 I was asked for […]