Property

High level of buyer interest in The Point

The new apartments at The Point, on Exmouth’s seafront are generating high levels of interest from prospective buyers. Reservations have already been taken for two of the two- bedroom apartments overlooking the estuary.

Over 50 people attended an initial sales event held at Exmouth Quay. Those present had the opportunity to view the plans and specifications, look at the 3D online model and meet the developers Eagle One Residential and the agents, Bradleys.

Chris Fayers, Director of Eagle One Residential said: “It is always worthwhile to be able to talk people through the...

Buying older properties

Authored by News Desk
Posted: Mon, 10/31/2016 - 10:28am

If you’re a sucker for character, then you’ve probably considered buying an old house. Period features make excellent selling points, and things as simple as open fires or exposed wooden beams can really add to property value. Here’s our advice on what you need to know when purchasing an older property.

Check its condition

Old houses are more likely to be rough around the edges than more modern properties. There might be structural damage, asbestos, or any number of other problems which could cause a headache later. Be sure to check for rodents too – they have a habit of...

Exwick is the new property hotspot

Authored by News Desk
Posted: Fri, 07/15/2016 - 11:00am

Having traditionally been an area where homeowners have largely purchased property as buy to let investments, Exwick is now seeing a shift in buyer attitudes as young people are realising the value of living in the Exeter suburb and picking up properties for as little as £140,000.

According to Hatched’s newly appointed Exeter specialist, Michael Parsons, who has lived in and around Exeter all his life and has worked in estate agency for 15 years, a new generation of buyers are disregarding the rental history of the area in a bid to snap up more affordable first homes.

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Brexit uncertainty dampens activity in SW housing market

Uncertainty fuelled by the EU Referendum has resulted in a marked drop in activity in the South West housing market, according to the RICS UK Residential Market Survey, June 2016.

New buyer enquiries declined significantly across the UK in June, with 36% more chartered surveyors nationally reporting a fall in interest - this is the lowest reading since mid-2008. The South West fared somewhat better however, with just 4% more respondents reporting a decline in buyer demand (as opposed to a rise). Nevertheless, this does follow a particularly steep decline during May.

The...

Rogue traders jailed for ripping off victims

Authored by News Desk
Posted: Wed, 07/06/2016 - 12:49pm

Two rogue traders who conned vulnerable pensioners out of almost £100,000 have been jailed.

Following a joint investigation by Warwickshire County Council Trading Standards and Devon and Somerset Trading Standards, Hughie Fury, 33, of Gospel Oak Lane, Pathlow and Clayton Foster, 33 of Pathlow Park, Pathlow, Warwickshire were both jailed for two years at Warwick Crown Court.

The pair worked together to defraud elderly residents out of £96,200. Their victims will receive a full refund.

Both Fury and Foster pleaded guilty to fraud and conspiracy to defraud and were...

Exeter property expert says Brexit brings 'uncertainty'

Authored by News Desk
Posted: Fri, 06/24/2016 - 10:36am

The vote for Brexit brings a new dawn for Britain, with considerable uncertainty and no real precedent.

Tim Western, head of the Exeter office of JLL, commented: "Even if it is effectively ‘business as usual' for the UK in terms of trade and legislation until 2018, such a major change will inevitably create uncertainty in the economy and real estate markets. In the event of a well-managed exit these impacts will be largely confined to the UK.

"In the short term we may see a weakening in occupier demand. The impact on rents may be limited by tight supply, but activity will...

SW house prices 'set to falter'

Near term expectations for South West house prices turned slightly negative for the first time since 2013 according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

The survey shows house prices in central London falling while prices are continuing to climb modestly across the rest of the UK. In the South West 25% more respondents said prices had risen rather than fallen over the last three months. This figure has fallen in each month since February when 73% more respondents reported a rise rather than a fall in prices.

However, price...

The Point at Exmouth Quay takes shape

Authored by Mandy Pearse
Posted: Tue, 06/07/2016 - 10:00am

A giant skeleton steel frame is rapidly rising near Exmouth Quay as The Point waterside apartments take shape. Over the next six weeks, the frame currently at the first floor, will reach its full height of 20 metres.

The Point is being developed by Eagle One Homes and will deliver fourteen high quality waterside apartments by the end of the year.

The steel frame sits on a solid concrete foundation on top of piles up to 21 metres deep. In all over 60 tonnes of European manufactured steel will be used and up to 60% of the steel is recycled making it a very sustainable option...

Teignbridge to host free landlord open evening

Authored by Mary Youlden
Posted: Thu, 05/12/2016 - 11:17am

Teignbridge District Council is holding a free open evening for anyone interested in letting property.

The event covers all areas of buy to let and brings together experts and industry providers under one roof, giving landlords the opportunity to network and gain all the information they need to run tenancies effectively.

Open to all Teignbridge landlords, the free open evening takes place on Thursday 19 May at Old Forde House from 4.30pm-8pm.

No booking is required, with free parking and refreshments provided.

Featuring over 30 exhibitors, trade stands and...

Brexit fears fail to slow international commercial investment in South West

International businesses are postponing investment in Britain in the wake of EU uncertainty a new paper by the Royal Institution of Chartered Surveyors (RICS) has revealed.

The RICS EU Referendum Paper which examines the pros and cons of the UK remaining and exiting Europe includes new survey data showing that there has been a steady easing in international demand for UK office, industrial and retail property since the referendum was confirmed in Q2 2015. However, the demand indicator among international investors for South West commercial property shows 17 per cent more members...

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