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A decade in the Portsmouth property market
What has happened to the local Portsmouth property market in the last decade? The average Portsmouth property has risen in value from £165,400 to £240,900 in the last 10 years … meaning each Portsmouth homeowner has seen a profit of £145.19 per week for those last ten years. Rolling the clock back to the start […]
Is the Portsmouth property market bouncing back?
The Halifax announced in early January that there was a bounce in the national property market as they stated national property values soared 1.7% in December 2019 – the biggest rise since the 1.9% month on month rise in February 2007 (a few months before the Global Financial Crisis aka the Credit Crunch). The Halifax […]
HISTORIC RISE OF PORTSMOUTH HOUSE PRICES
In 1980, the average Portsmouth household income was just under £6,000 per annum and the average Portsmouth house price was £18,115; whilst today, the average Portsmouth household income is £33,066 per annum, yet the average household value is £241,900, meaning… The average value of a Portsmouth home was 3 times more than the average household […]
BRAND BUILDING FOR ESTATE AGENTS; COMPANY VS PERSONAL
Do we give too much weight to company brands? Both as agents and as consumers I feel that we get ‘lost’ in the brand. It’s extremely rare to come across a brand that transcends itself and genuinely becomes a living part of the fabric of a company and everyone that works there. Apple and Nike […]
IS IT TIME TO INNOVATE THE LISTING PLATFORM?
As with everything in life, things change. They progress, develop, pivot and streamline. All in the name of greater efficiency. Industries have an obligation to lead the charge in this respect and the world is now full of companies striving to provide frictionless choice to its consumers. Why then, has the listing portal model remained […]
IS IT TIME TO INNOVATE THE LISTING PLATFORM?
IS IT TIME TO INNOVATE THE LISTING PLATFORM? As with everything in life, things change. They progress, develop, pivot and streamline. All in the name of greater efficiency. Industries have an obligation to lead the charge in this respect and the world is now full of companies striving to provide frictionless choice to its consumers. […]
Leveraging your capital
The famous phrase “don’t put all of your eggs in one basket” is ever popular during life but not with many once investing in property. I often put my head in my hands with clients who wish to make the highest annual income but decides to buy outright in cash and not leverage their capital […]
ARE YOU AT RISK BECAUSE OF YOUR AGENT?
Too many times recently properties have been seen being advertised illegally with landlords being put at huge risk of large fines. This begs the question; Is the agent aware of the risk they are exposing their landlord to or are they in the game for quick buck? The illegal properties are not just from the […]
HIGH STREET AGENCY OFFICES
The debate of high street vs online estate agency will continue for some time i’m sure, and the debate will evolve as the high street model moves away from the rigid structure of multiple branches and multiple overheads. But there is one core aspect of high street agency that baffles me; high street agents have […]
“IT’S THE FIRST TIME I’M SEEING THIS PROPERTY TOO”
The most depressing thing an estate agent can say when you turn up to view a property you’re interested in purchasing – “it’s the first time I’m seeing this property too”. Unfortunately, this happens over and over again in this country, and all because we’ve built an agency model where individuals aren’t responsible for property […]
ONLINE ESTATE AGENTS; IF ALL ELSE FAILS, THROW MORE MONEY AT IT
The disruptive impact from the wave of online agents is now coming to a head. The disruption has been clear and in many ways has been a long time coming. The industry as a whole has grown up a lot since the first wave of online estate agents began hitting the market.
Open All Hours
Being a twenty-four-hour estate agent would be a daunting prospect for the majority of individuals working in this sector, especially considering that generically, estate agents already work significantly more hours than the national average. Already an incredibly tough, competitive marketplace, a stress-free week is a near impossibility if you factor in the unavoidable obstructive aspects […]