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Real Estate Blog |
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// Estate Agency News: News
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Providing Estate Agents, the very latest news from within the estate agency industry
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REASONS TO BE CHEERFUL?
THERE is a recession looming, housing market activity has slowed considerably and there are estate agency offices closing all around the country.
But hang on in there, for there is light at the end of the tunnel - that is the message from former National Association of Estate Agents president Melfyn Williams, who sees reasons for optimism in the medium and long-term future.
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'Still more help needed for FTBs'
FIRST time buyers are re-emerging into the market, according to the latest National Association of Estate Agents members' survey ? the first sign that the Government's decision to raise the lowest Stamp Duty level by GBP 50,000 for 12 months is having some effect.
But the Association has called for the new housing minister Margaret Beckett and the rest of the Government to keep taking action to restore confidence in the market.
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Job cuts as Rightmove 're-focus'
LEADING property portal site Rightmove is shedding a fifth of its staff and scaling back its overseas business in a bid to cut costs.
Reports suggest the cost savings will be GBP 5 million, with GBP 1 million more to be spent on marketing of its core UK business to maintain or even increase Rightmove's prime position and keep margins at the current level.
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Why more people are now looking to buy...
THE current state of the economy has the potential to be good news for estate agents, according to a new survey.
Badger Holdings, who have more than 40 offices in the South of England, most of them trading under the Townends and Regents banners, undertook market research on buyers' sentiment ? and found rich promise across the board.
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Be sure to make your advertising count...
DESPITE the media obsession with the national housing market, there is, in reality, no such animal.
The housing market is, and always has been, local. Any statistics based on totalling the figures drawn from the myriad of local markets are therefore pretty spurious.
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