News

East of Exe agrees purchase of Partridges Estate Agent in Exminster

16/11/17

East of Exe have announced a friendly takeover of the leading Estate Agent west of the river through the acquisition of Partridges Estate Agents.  Based in Exminster for over 20 years the company has been the leading agency in the area for both sales and lettings and represents a significant step for East of Exe in its rapid growth from when it was started by Chris Taylor…

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Property beats cash savings over the past decade

17/10/17

With interest rates at record lows for almost a decade, saving has been a tough business: however, new government figures show property prices have risen substantially in that time, despite the economic downturn. A south west homes cost £2,175 per square metre back in 2007; 10 years on it costs almost £2,500 per square metre; that’s a rise of very nearly 15 per cent. Although property prices can…

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New figures show strong housing market in the southwest

17/10/17

House prices in south west England have risen 3.6 per cent in the past year – that’s more than in the south east or London. The figures come from the latest house price index produced by Rightmove. – a year ago a typical south west home cost £298,087; – today that home would cost £308,275; however, the market is tightening with homes taking a little longer to…

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LETTINGS NEWS :- Government unveils more new rules for the rental sector

11/10/17

It’s been almost non-stop change in the private rental sector in recent years and now the government has revealed more new regulations and laws. Details will come later this year but from some point in 2018 these new policies come into effect: all landlords must join an approved Ombudsman-style redress scheme; there will be incentives to offer tenants longer tenancies; all letting agents must be registered before…

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SALES NEWS:- House prices set to rise long-term as demand exceeds supply

11/10/17

There’s been a big rise in local house building recently – Exeter is one of the country’s fastest-growing cities – but a new survey by a property consultancy shows demand still outstripping supply with one inevitable consequence: house prices rising in the long-term house-building has increased 49% in the past three years; but Britain still needs over 100,000 more new homes a year; the biggest need is…

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SALES NEWS :- Buyers now have a vast choice of mortgages

12/09/17

This month there are more mortgage products available for buyers than at any time for well over 10 years according to Moneyfacts, an independent firm which monitors the mortgage market. It says: on September 1 there were over 4,500 mortgage products available; mortgage choice has increased in each of the past 16 months; back in 2009 there were only 1,209 mortgage products for buyers.But one part of…

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Sales News :- Autumn market starts with stable house prices and rents

12/09/17

New indices looking at the housing market show stable prices and rents as the autumn sales season gets underway – and they reveal a chance for shrewd sellers to take advantage of a shortage of homes up for sale. The latest snapshots show: UK house price inflation is 2.6% per year says the Halifax, Rents are unchanged from a year ago according to lettings group ARL, Estate…

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LETTING NEWS: Boom in Staycations means more business for holiday homes

05/04/17

Two new reports into the leisure industry provide a boost for owners of holiday homes in this country, or those considering buying one in the near future. For in addition to being able to enjoy the home yourself, there looks set to be an increase in demand for homes let out in popular holiday locations such as the south west. Around 20 per cent more Britons are…

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SALES NEWS: Housing market completely calm despite Article 50

05/04/17

The extensive publicity surrounding Brexit and triggering Article 50 appears to have made absolutely no impact on the housing market, either across the country or in Exeter and East Devon. Several independent measures show that buyers and sellers are undeterred by the move and estate agents are preparing for ‘business as usual’. The National Association of Estate Agents says the number of homes sold in the past…

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NEWS: More good news – Exeter now a major UK digital economic centre

30/03/17

Exeter’s position as the leading city in the south west continues to strengthen with another report showing growth – this time amongst digital companies. The assessment was conducted by TechCityUK, an economic think-tank, which says the city’s digital firms generated £150m worth of business in 2016 – 15 per cent more than in the previous year. It says: no fewer than 82 new ‘start up’ digital businesses…

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