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NEWS - Tax and Landlords

From our experience we are seeing more landlords than expected being affected by this months changes to taxation laws. As from the 1st April the governments new rules on landlords means that they can no longer deduct mortgage interest from their taxable income. As reported by lettings agent news, Axa has carried out a survey which suggests up to 40 % of landlords will be affected, the government...

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Market Comment April 2017

Another very busy month for March and the months prior, with several sales being agreed, some only after a short time on the market. This coincides with the NAEA property market research which has been reported that over the recent weeks a large number of properties were sold and broke some historical property records. First time buyers however were reduced in number by 22%! We haven’t seen any...

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Welcome to the Lettings Team - Sarah Campbell

We are pleased to announce that Sarah Campbell has joined our Property Management team at John Smale & Co. Having 17 years’ experience managing her own properties and 8 years as a professional property agent we feel confident that Sarah will be a great asset to the company.   Sarah is qualified with the National federation of property professionals; The Technical Award, which is a nationally...

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The Spring Budget and Property – March 2017 Market Comment

Market Comment from David Edwards, Managing Director. There wasn’t a great deal said by the Chancellor in the recent budget that is going to assist the property market. There were hopes that with the market suffering from low levels of transactions and a lack of confidence the Chancellor would assist the market, so we were a little disappointed. There was some hope of some help to buy...

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Nick Churton - Mayfair Office January 2017 Market Comment

Homance Nick Churton of John Smale and Co, Mayfair Office, offers some timely estate agent matchmaking advice as we head towards Valentine’s Day. Hard as it might be to believe good estate agents can be perfect sweethearts.  It is always best to have someone by your side who values you, who will fight for you, who won’t argue (much), who will only hang around your house when you want them to, and...

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Market Comment January 2017

With all that’s going on in the world I am guessing people want to know what’s happening at the coal face of the property industry. We certainly felt the impact of change last year but have not seen a dampening of confidence since we have been back at work in the New Year, far from it. People seem to be fairly bullish and activity is good with several sales being agreed. There is still a shortage...

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Market Comment for 2017

Here we go again! Christmas is now over and a time now to stop eating and drinking so much, but anyway it was fun!   So what do we think will happen for the New Year? If anything the signs from the activity in the Christmas week are very promising, usually the week before Christmas is a very slow time for us, but literally up to the Friday before the phone was ringing and people were looking for...

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Nick Churton - Mayfair Office December 2016 Market Comment

"Ask Hillary" Nick Churton from the Mayfair Office looks at some fast changing attitudes in the property market. The presidential election result in America reminded us – if we needed any reminding - that we live in a time of massive immediate and fundamental change. A point not lost on us here in the UK after Brexit. In the property industry even Budget tax changes can alter buying and selling...

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Market Comment December 2016

David Edwards, Managing Director, John Smale and Co. The end of the year rapidly approaches! It has certainly been a year with some surprises and legislation that has been testing for the property industry. It has not been a smooth year. In terms of sales the last three months for us has been very good, for the buyer there is a current shortage of available stock, so vendors have been able to...

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Market Update - Sales to First Time Buyers at Highest Level on Record

A third of total sales made in October were to first time buyers (FTBs). A nine per cent rise from September and the highest number since records began 16 years ago.   Supply and demand also increased this month. Available properties were up to 43 on average per branch, an increase of 7.5%, and the number of prospective buyers on estate agent’s books jumped 32% from September up to 440.   “This...

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