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money-laundering21

Does Money Laundering effect you?

Monday 28 September 2015  / Ruth Montia

RICS has issued a statement regarding money laundering saying they want to see 'minimum competency' requirements for sales and letting agents controlled by the industry itself.Director of regulation for UK and Ireland at RICS, Luay Al-Khatib says...

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NAEA News

Friday 25 September 2015  / Ruth Montia

National Association of Estate Agents have indicated that the number of properties available to buy per estate agent branch has plunged worse now than in 11 years since January 2004. Last month there were 38 houses available per branch in August, compared...

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August saw more home sales since 2014

Wednesday 23 September 2015  / Ruth Montia

HMRC has released its seasonally-adjusted data that indicates more homes were sold in the UK in August than in any month since February 2014. They show that 106,480 homes were sold during that month.The latest Revenue figures show UK house prices...

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Loophole means buyer avoids £1m in Stamp Duty

 / Ruth Montia

The high-end north London estate agent Aston Chase, is promoting a 4,600 sq ft, five bedroom, grade II listed home in Regent's Park at £8.95m.This property is owned by an offshore company so, legally the company is for sale not the property. This...

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Agent demands revisions should be made to Money Laundering requirements

Tuesday 22 September 2015  / Ruth Montia

Sanfords estate agency is demanding that the NAEA and HMRC take action to revise requirements for sub- agent due diligence. The outcome of two investigations into allegations surrounding London property money-laundering is still awaited. After the Channel...

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Hamptons Predictions for house prices in 2016

Monday 21 September 2015  / Ruth Montia

High-end agency Hamptons International has predicted that the house prices in England and Wales are likely to rise by 5% in 2015 and by 4.5% in 2016.In December 2014 Hamptons estimated that prices across England and Wales would increase by 4.0% in...