Hints and tips:
Related Special Reports
...The settlement is expected to cut fees on the average home sale by $5,000 to $13,000....
...But the latest survey showed a decline in agreed sales, with the reading falling to minus 5, down from minus 4 in February....
...Ryanair has cut its annual profit forecast after it was forced to lower fares to try to fill empty seats amid a row with online travel agents....
...In London, selling agents’ fees are typically quoted at 2 per cent, but are often bargained down closer to 1.5 per cent....
...Quoted mortgage rates have fallen from their peak last summer, helping the property market to recover from the squeeze of interest rates, which stand at a 16-year high of 5.25 per cent....
...But mortgage providers have cut the prices of their products since last summer on the back of expectations that the BoE will reduce its benchmark rate from its current 16-year high of 5.25 per cent to 4.5...
...The standard commission, 5 to 6 per cent of the purchase price, is split between the seller’s agent and the buyer’s agent. It is one of the world’s highest. But a long overdue shakeout is looming....
...Second, this market failure arises because consumers are not the all-knowing rational agents that they appear in economic models....
...“A year ago, homes were selling for the asking price; now they are going for 5 per cent to 10 per cent below, sometimes more,” says Tim Swannie, director of Home Hunts, an agent specialising in the south...
...The company increased its total revenue by 5 per cent to £147mn and adjusted operating profit by 2 per cent to £14mn....
...Rents shot up 5.5 per cent in London in July, another record rate since the data series for the capital began in January 2006....
...The agent is expecting a boost from home sales, too, driven in part by market share gains last year....
...Zillow, the online real estate portal, sank 13.5 per cent. The settlement leaves Berkshire Hathaway’s HomeServices as the only large broker that has not yet come to a deal in the litigation....
...“New buyers in private equity with decent bonuses are fed up with treading water for the past year and want to press on with the election looming,” says Miles Meacock of the agent Strutt & Parker....
...The company increased its total revenue 5 per cent to £147mn and adjusted operating profit by 2 per cent to £14mn....
...Average rates for a five-year fixed mortgage are 5.28 per cent, compared with a 6.37 per cent peak last August....
...A quarter (25.1 per cent) of London homes for sale have gone for more than their asking price in the first three months of this year, slightly ahead of the 24.5 per cent figure for England and Wales as a...
...Another brokerage group, Redfin Corp, dropped 5.7 per cent....
...Moving fees usually come in at €5,000-€8,000 per family, but for Jéronimo’s wealthy clients can run much higher....
...and €5,740 per sq m for houses, according to Notaires de France....
...The falling inflation rate and the prospect of Bank of England rate cuts lead some agents to say the outlook is brightening....
...They compared with an 8.5 per cent rise for January....
...Some 5.2mn returns were submitted directly on the HMRC website or app and 6mn via commercial software....
...Two-year fixed mortgage rates with a 60 per cent loan-to-value ratio eased from 6.2 per cent in July to 5.5 per cent in October, while rates on five-year deals have also declined since the summer, according...
...Here’s the full story. 5....
International Edition