The National Association of Estate Agents (NAEA) has today revealed property transactions slumped to an 8-year low in December. The severe wintry weather and the traditional slow Christmas period led to sales falling to their lowest level since January 2003. According to the Association, the average estate agent branch sold four properties in December 2010. [...]
A new licensing scheme for estate agents is to be launched. aimed at protecting consumers from unqualified estate agents. According to the National Association of Estate Agents (NAEA), most estate agents are reputable but anyone can start up as an estate agent in the UK without qualifications or formal checks. The new scheme was described [...]
The UK property market experienced a seasonal bounce last month, with estate agents reporting more properties for sale alongside a rise in the number of house-hunters. According to the National Association of Estate agents (NAEA), the stock of homes for sale in March was at its highest for six months, and although first-time buyer interest [...]
First-time buyers were in short supply during November, according to the National Association of Estate Agents (NAEA). Figures from the body show only 19% of house sales involved those getting a foot on the property ladder, a substantial drop from a May peak of 45%. The proportion is also at its lowest since December 2008, [...]
For every property on the market there are five potential buyers looking to snatch it up, new research has discovered. A study by the National Association of Estate Agents (NAEA) found estate agents had an average of 287 prospective buyers on their books in October. The average number of properties available at estate agents was [...]
The National Association of Estate Agents (NAEA) is calling on the Government to extend the stamp duty holiday on properties worth up to £175,000. The threshold at which one per cent stamp duty is paid was raised from £125,000 to £175,000 in September of last year, creating an opportunity for homebuyers to save up to [...]
In its August housing market survey, the National Association of Estate Agents (NAEA) reveals that the expected summer dip in the UK housing market has been less than expected. The number of prospective purchasers registered with estate agents decreased to 238, compared with 292 in July, and the average number of sales agreed per branch [...]
The National Association of Estate Agents (NAEA) has reported that the average difference between asking and selling prices fell to 1.9% in June, down from 6.3% in May. The Association’s members also reported “continued strong sales”, although falling stocks resulted in “slightly fewer people” searching for a new home. Agent had 64 properties for sale [...]
The National Association of Estate Agents (NAEA) has reported a surge in the number of potential house purchasers registering with its members. NAEA firms reported an average 299 househunters signing up in May, the highest level since September 2007. However, last month the number of properties on estate agents’ books fell to an average of [...]
The National Association of Estate Agents (NAEA) has reported that its members sold more houses in April than in any month since October 2007. The average estate agency branch sold ten properties last month, up from eight in March and a record low of five in August 2008. The Association’s chief executive, Peter Bolton King, [...]
Figures from the National Association of Estate Agents (NAEA) have revealed that the number of properties changing hands rose slightly in October, for the second consecutive month. The NAEA’s survey found that the average estate agent sold seven properties in October, up from six the previous month. The slight rise is attributed to the fact [...]
Rightmove is cutting staff numbers by 20% and making 60 people redundant. The property website, which advertises around 90% of homes for sale in the UK, has seen sales plummet and is now joining High Street estate agents in laying-off staff. The company says that while these are the first redundancies it has made as [...]
The National Association of Estate Agents (NAEA) is demanding a review of Home Information Packs (Hips) because the slowdown in the housing market means that some of the packs are out of date before a property is sold. The packs were intended to simplify and speed up the house selling process but the majority of [...]
The National Association of Estate Agents (NAEA) is launching a website that will allow its 10,000 members to advertise properties at no charge. The site should be up and running in October and aims to bring solace to a profession that has been hard hit by the credit crisis. It may also provide strong competition [...]
The National Association of Estate Agents (NAEA) has reported that first-time buyers are making a tentative return to the housing market. In a survey of its members, the NAEA found that in June first-time buyer sales represented 11.8% of the housing market as compared with 9.8% a year earlier and up from 10.6% in May [...]
The National Association of Estate Agents (NAEA) is urging prospective house purchasers into action, as a record number of homes languish on estate agents’ books. Last month, property website Rightmove calculated that there were over one million homes for sale in England and Wales and the NAEA is pointing out that buyers can no longer [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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