Agent predicts average price for London two-bed will hit £1m
According to research from estate agent Marsh & Parsons the average price of a two-bedroom property in London could hit £1m by next March. Their research shows that following a 14% appreciation over the last year the current average value for a two bed in “prime London” is £909,203. If growth continues at this rate, […]
Estate agent insolvencies up 57%
Over the last 12 months to June the number of estate agent insolvencies increased 57%, from 49 to 77 firms. According to research from accountancy firm Wilkins Kennedy LLP the increasing number of estate agents becoming insolvent is due to prolonged stagnation in the property market. Wilkins Kennedy says that the need for High Street […]
Law Society launches PII cover offering
The Law Society has unveiled Chancery Pii, a joint venture between the Society and Miller Insurance Services LLP, which will provide PII cover for firms with between one and four partners. Chancery Pii will provide direct access to insurers with at least A- (Standard & Poor’s) or equivalent financial security rating. The Law Society believes […]
First-time buyers strengthen London market
11,200 loans for house purchase were granted to first-time buyers in London in the second quarter of 2013, the largest quarterly figure since the end of 2007. According to new data from the CML, these figures helped to further strengthen a positive quarter for the London housing market. The 11,200 loans marked an increase of […]