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New Estate Agency Set Up By Electrician

A new Estate Agency based in the North has been set up by an entrepreneurial Electrician.

Karl Price, who also owns Bolton-based PC Electrical (UK) Ltd, is the entrepreneur behind new agency Price & Co, also in Bolton.

After 20 years in the electrical industry Price  started investing in Property

“As a landlord, I understand first hand, every element of the acquisition and lettings process and the support required from agents throughout.

“I felt that there is a real gap in the local market for an agency that provides a dedicated approach to both property management and sales and as a result I decided to set up Price & Co.

“It is my intention that we will provide customers with a much more personalised experience and unrivalled level of service whether they’re buying, selling or renting a property in the area.”

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Increase In Holiday Homes

Holiday home sales in one of the country’s most popular tourist destinations are on the rise, despite stamp duty and the age of austerity.

Figures prepared for the Daily Telegraph by Hamptons International show that back in 2010 seven per cent of properties bought in Cornwall were second homes.

In 2017 – despite the three per cent stamp duty surcharge introduced on additional homes in 2016, and steep council tax increases on second homes in parts of the county – that figure was up to nine per cent.

The high interest in second homes comes despite the St Ives referendum in 2016 which ended with a strong majority to ban the sale of future new-build houses and flats in the port to second homers.

Similar measures have been backed in more recent times in areas near Padstow which includes Rock.

Meanwhile the Cornwall Community Foundation, a charity set up in 2003 seeking to improve education and alleviate poverty in the county is encouraging such buyers to make a donation towards a range of community projects.

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New – Video Interviewing

We appreciate that this process can seem daunting at first but as a Market Leader in the property recruitment industry, we strongly believe this will help you find the right job.

 

In a busy world of early starts and late finishes we understand that trying to meet with your recruiter can be difficult and delays have been responsible for missed opportunities.

 

Magnus James has linked up with Sparkhire, a video interview software provider to help shorten the process and ultimately help find you the perfect job.

 

You will still have the personal conversation with one of our specialists, where they will gather the facts and figures about your move but now we can also get to know you in more detail, understanding what makes you tick. You will still have the power to say who and more importantly who not to approach, but you now have the ability to showcase yourself rather than relying on your CV.

 

With more and more of our clients opting to go down the route of using our Exclusive service, this video process will help you get a foot in the door with these clients and ultimately secure you the right job.

 

The Facts

 

  • UK job seekers have to apply for on average 27 positions to get 1 interview

 

  • UK wide 9 out of 10 interviews are unsuccessful

 

  • UK wide 6 out of 10 of these interviews have been unsuccessful due to personality fits

 

So why not increase your chances from the start and save time interviewing sometimes unnecessarily for jobs not right for you.

 

In a survey in our first 4 weeks of running our new video process we have seen a remarkable success in achieving interviews with 70% of candidates securing a first interview when submitting a video interview for a job and a 1 in 3 chance of securing the position itself.

 

Be part of this new and exciting concept and put yourself to the top of the clients wish list.

 

Call us today on 01285861896 or email property@magnusjames.com to register your interest.

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New Airbnb Initiative

Franchised agency network Hunters is piloting a scheme in Manchester that will enable its landlord and vendor clients to rent out their properties via Airbnb and other short-term rental sites.

The first properties to be offered for short-term rent are within Bracken House, a development of apartments within the city centre.

The new service is a partnership with Lavanda.co.uk, which has launched an agent version of its property management service to facilitate the deal.

Hunters says the Manchester pilot has been a “great success” and will be rolled across the national Hunters 200-branch network over the next 12 months.

Properties must be let out for a minimum of two nights and will be managed by Lavanda including a furnishing service for empty properties, tenant vetting, hotel-style housekeeping, face-to-face check-ins and a 24-7 concierge service.

Lavanda will also advertise the properties, it says, via all the major short-term rental websites including Airbnb, Booking.com, HomeAway and Expedia.

“Much to the frustration of vendors, the recent slow sales market has led to swathes of prime property sitting empty,” says Guy Westlake, CEO of Lavanda.

“This has not only resulted in landlords suffering a significant loss of income, but [for vendors] not facilitating a quick sale can also damage the agent’s reputation with their client.

“Lavanda AGENT solves this specific pain point, powering growth and profitability in our partners, whilst enabling them to delight their customers with a new, value-added service offering.”

Glynis Frew, Chief Executive of Hunters Property Plc , said: “We are delighted to be working in partnership with Lavanda and pioneering an innovative new service for customers that unlocks major value for our vendors and landlords.

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Connells off to a Flying Start in 2018

The Connells Group has revealed that more applicants are registering to buy homes with the company since the start of 2018.

“We are delighted to be entering 2018 with a pipeline that is up compared to last year, and we are confident that, through our breadth of experience, we will continue to build on the success of 2017 and further increase our market share in 2018,” says David Plumtree, Connells Group Estate Agency Chief Executive

Connells also says the company increased its market share last year by 4% despite official figures likely to reveal a 10% decrease in the number of people moving home during 2017, it says.

Despite the sales slowdown, Connells says the number of properties it sold decreased by only 3% last year and that “clearly the increase in our share of the new instruction market has enabled us to fare better than the market as a whole in respect of our sales results,” says David Plumtree.

Connells results are in stark contrast to its main rival in the market, Countrywide, which yesterday revealed that its income from sales and lettings decreased by 14% last year.

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Latest on House Prices

House price growth has been strongest in the north west of England according to the latest government figures from the Office for National Statistics. Prices rose 7.3 per cent in the year to the end of September in the north west and 5.6 per cent in the south west; London, by contrast, saw a rise of just 2.5 per cent – the lowest of any UK region.

The average UK house price according to this index is now £226,000.

“The [North West] region, which is home to major cities including Manchester, Liverpool and Chester, has risen up the ranks in terms of annual house price growth, surpassing the likes of the East Midlands and the East of England which have performed exceptionally well across 2017” according to Nick Leeming, chief executive of Jackson-Stops.

“With the average house price in the North West around £100,000 less than across England as a whole, is it not surprising to see buyers turning their attention to the region’s property stock. The increase in demand means we will likely see accelerated growth here in 2018” he says.

Jeremy Leaf, north London agent and a former RICS residential faculty chairman, adds that: “Of course, there is no average UK price and the UK market reflects all different areas working at various paces, the trend in London is quite different where an excess of supply and weak demand are combining to reduce prices consistently with no real prospect of an increase until early next year at the soonest.”

 

High angle view of a smiling young couple in meeting with a financial adviser at home

Conveyancing to Speed Up

Traditional conveyancing searches can take several days even a week or two to complete so when search company ‘ Big Property Data’ have promised to revolutionise the way these searches are conducted to speed up the process the industry has welcomed this with open arms.

Big Property Data says it is working with 15 major institutions to provide automated property reports aimed at speeding up conveyancing. The organisations include the Land Registry, the National Land Information Service, the British Geological Survey and Ordnance Survey.

BPD claims to have amassed over 150 different datasets, containing more than three hundred million points of information which are accessible in 60 seconds on average, dropping the resulting reports directly into a client’s account or email inbox.

The service has been co-founded by former Apple employee Lorenzo Tejada-Orrell and Nick Miller, a solicitor and entrepreneur.

“Today’s online generation simply won’t tolerate waiting weeks for something that can take a matter of seconds – they want their property transactions to be as straightforward as every other aspect of their lives, from shopping to socialising, and that’s what BPD offers, while also reducing costs” says a spokesperson.

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Chairman Celebrates 40 years at the Top

Starting out as a trainee negotiator straight from school Connells Chief Excecutive Stephen Shipperley certainly has something to be proud of as he celebrates 40 yearsat the top in one of the country’s most successful agencies.

Stephen quickly became Branch Manager by the age of 21 for Connells High Wycombe, the office which would become the most profitable in the company under his leadership.

He became Connells chief executive in 1990 and Connells Group chairman in 2008. What was a 20 branch business with 150 employees has now become an agency and property services group with a branch network totaling nearly 600 and 7,000 employees.

“Over the last 40 years, the industry has seen many changes and challenges, but the culture and ethos that I found when starting my career with Connells – one of entrepreneurship, innovation and a clear focus on attracting and retaining good people – still very much exists today,” says Shipperley.

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Surge in Volume of Properties Coming to Market

A survey conducted by HouseSimple suggests that there has been a 20% rise in properties coming on to the housing market within the last month and a huge 44% increase in London.

Kensington and Chelsea saw an even bigger hike in new property listings, more than doubling (108.5 per cent).

These rises are said to be the biggest seen in just a month for around two years.

HouseSimple chief executive Alex Gosling says this is the first sign that sellers may be moving on from the June General Election. “Although we are still no clearer as to how a post-Brexit Britain might look, enough time has passed since Article 50 was triggered, and the country hasn’t plummeted into recession. Property prices have remained reassuringly stable and that has probably given sellers the confidence boost they needed to re-engage with the market” he says.

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Hybrid Offices Growing

Horton Estate Agents is a hybrid agency which is hoping to expand into 15 new areas by this time next year.

The firm, which began in January was set up by 24 year old Adam Horton, started selling homes in Leicester, the plan is to now grow into Nottinghamshire which will then will be followed by 15 new territories over the next 12 months.

The firm only charges clients once they’ve delivered a successful sale. “In addition to this, clients are given a dedicated property expert with the aim of providing a more personal service” says the firm.