3 THINGS ESTATE AGENTS DO IN YOUR INTEREST THAT YOU MAY NOT KNOW OF

There has always been speculation and negative talk on Estate Agents, but we’re here to turn that around as we work closely with the agents on our portal. We’ve now curated a list of 5 things Estate Agents do in your interest that you may not be aware of:

TIP #1: Area Research

Estate Agents make sure that they have an in-depth understanding and appreciation for the community they are serving, as this will better their chances in assisting you in either selling your property or buying one. Either way, them having a closer understanding of the area benefits you in general.

TIP #2: Market Research

Estate Agents strive to be on top of the property market as this will aid them in negotiating prices with Landlords or vendors as well as helping you to understand when is the best time to make an investment in regards to anything property related.

TIP #3: Support other local businesses

Agents are always getting involved in local community events or supporting other local businesses in the area via sponsorships, campaigns and etc. Doing this allows Agents to have a close tie with the community and also, in turn, become your tour guide into the community.

So these are just things that Agents do in your interest!

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Also if you have any tips that you could recommend to us, share them in the comments and we’ll be highlighting them in our upcoming articles on Estate Agents and their services.

 

WHAT BREXIT MEANS FOR THE PROPERTY MARKET

19 June was an important day for the history and future of the UK, as that is when the Brexit negotiations are to commence. One question that has been buzzing among the property sector and its followers is, ‘How will Brexit affect the housing prices and property market in the UK?’, and that is more than understandable.

So we’ve curated a short list of things that we are currently seeing and that we at Property Property Property believe we’ll be seeing soon, within the market:

Negotiations

As mentioned above, negotiations have taken place from Monday 19 June 2017 for the after-effects of the Brexit vote. These negotiations between the UK and EU will determine the state of the economy, which will also then determine the outcome of the housing market. However, we also believe there will be talk on trading, which may also affect the number of houses and flats springing from the ground in places such as London.

Market Fluctuation

As many people are wary about the value of their home or purchasing a property post-Brexit as they’re not too confident in what the market will hold, and neither are we as we are yet to see any significant difference in the market. However, reports have shown that the number of house purchases since the Brexit vote has dipped and we believe we’ll continue to see fluctuations in the market for the next few months until the economy has been stabilised.

Speculations

There has been some speculation within the property industry on what Brexit will actually mean and how it’ll affect us. However, a survey of forecasts was taken by the Investment Property Forum in the latter part of 2016, have shown that the capitals value in commercial real estate is predicted/expected to fall by 3.6 percent in 2017. On the country to that, rents have been predicted to remain high.

Nevertheless, these are all speculations and predictions based on the small changes that may have occurred the weeks leading to the Brexit vote and the weeks’ post-Brexit vote. What we are most concerned about is the future of our property market.

So at Property Property Property, we’ll like to know what your comments and thoughts are on Brexit and how it may change out property market.

New research – shortage of homes in England set to reach a million by 2022

New research shows England is set to reach more than a million by 2022 in a shortfall in new homes in as the gulf between building houses and demand from a growing population widens.

England has seen a cumulative shortfall of more than 530,000 new homes since 2005. With a projection for the next five years suggests that the situation is not going to get any better.

Search provider Search Acumen analysis from conveyancing using official figures from the Office for National Statistics (ONS) suggests that there is enough brownfield land to provide the space to meet housing demand. They compared the volume of new homes completed in England each year since 1976 with new dwellings needed to accommodate the growing number of households over the same period.

With an estimation household growth by assessing annual ONS birth, death and migration data, and used the ONS’ average annual number of people deemed a household to determine how many new homes would meet the extra demand.

Taking a closer look at the gap that developed after 2005, the data can estimate the shortfall in supply created by the slowdown in new house builds. Between 2005 and 2016, more than 530,000 too few homes were built to meet the growing demand.

Search Acumen’s research also projected how many homes would be completed each year and how many more households would be created. If trends do continue, England will need an additional 510,000 homes to meet demand. This, on top of the current shortfall, means England could have more one million too few homes by 2022.

More than one million homes additional homes may sound like a daunting proposal in a relatively small country and to illustrate the amount of space needed Search Acumen theoretically speculated as to the amount of potentially available land for housing development in England by assessing only available brownfield and green belt land.

Finally, Search Acumen estimated how much green belt land could be theoretically affected. The research found that if housebuilders continued to build 14 domiciles per hectare on the more than 1.1 million hectares of green belt land in England, only 14% of all greenbelt would have to be turned over to developers to meet cumulative demand into 2047.

The housing market in all corners of England has ground to a halt as people struggle to find a home that fits their needs and their budgets. Our research suggests that, even with housing supposedly higher up the political agenda, the pledges made at the last election won’t do the job of keeping up with demand in the long-term after years of under-investment into new housing,’ said Andrew Lloyd, managing director of Search Acumen.

As supply has weakened, demand continues unabated with more dispersed households, an increasing number of births, and net migration unlikely to be affected by Brexit and proposed changes to border controls,’ he explained.

We face a future where first-time buyers are further squeezed by rising prices, and where those already on the ladder looking for an affordable home simply cannot. To make up for years of undersupply, we need to embark on the greatest housing boom this country has seen in a century,’ he pointed out.

But it is possible. We have space, we have the desire and we have tens of thousands of housing professionals in the private and public sector ready to go. We just need our leaders to share our industry’s sense of urgency and begin laying foundations for economic success right away,’ he added.

HOW TO PERSONALISE YOUR RENTED SPACE

Making a rented space your home is a very tricky task especially as it isn’t your actual home, it’s someone else’s and your just renting it. But never fear Property Property Property is here with some tips and tricks on how you can convert your rented space from being just a rented space to your home.

Seek Permission from Landlord

First of all, make sure you have the permission of your Landlord. If you’re fortunate to have a flexible Landlord who doesn’t mind you suggesting and getting some paintwork and upscaling done on the space, then take advantage of that! However, if you’re Landlord is stricter and doesn’t allow permanent changes (even though painting isn’t permanent), still seek their permission for any changes you may be making to their property.

Now let’s begin….

1. Walls

A majority of the time we want to change and customise our walls, because of walls. So we recommend that your use removable wallpapers that reflect your personality in your rented space, as this will bring to life your character and make you feel homier. Also consider doing a faux wall DIY project, an amazing alternative.

2. Sticking stuff

If you’re into gallery walls or just having paintings/quotes stuck up on your wall for inspiration but your Landlord doesn’t want you nailing stuff on his walls, then we’ve got your back! Consider getting some double-sided tape, blu tack or specific customised adhesive tapes as this will ensure that you can get your gallery wall, without the expensive of drilled walls and an angry Landlord.

3. Flexible furniture

This is one of the most important things you can do! Get flexible furniture as you could easily move it around. If you’re tired of the way your space is set up, with flexible modular furniture you can just opt and switch up the structure and layout of your room at any time.

4. Decorate, Decorate, Decorate

Property Property Property advice you’re to Decorate Decorate Decorate! Adding textiles that interest you or changing the lighting accessories; anything that wouldn’t make permanent changes to your rented space but reflects your personality, you need it!

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Also if you have any tips that you could recommend to us, share them in the comments and we’ll be highlighting them in our upcoming articles in the ‘Home Improvement’ series.