Hunters December Newsletter


Welcome to the final edition of Hunters News for 2014. This year has certainly been our busiest yet with the market seeing an upturn in activity, particularly during the first part of the year, and our network continuing to expand across the UK and abroad. See inside for our market roundup for 2014, join us in wishing a warm welcome to Hunters Alicante and find out some top tips to make your home cosy this winter.

Finally, we would like to wish all our readers a merry & bright festive season and all good wishes for 2015.

Hunters Marketing


Hunters 2014 overview of sales

The housing market has certainly been interesting in 2014, Martin Robinson gives us his summary of the year.

“To coin a footballing phrase, ‘it was a game of two halves’ or in Estate Agency terms a year of two halves. The first six months carried on where 2013 left off, prices were slowly rising on the back of consumer confidence, low interest rates and a shortage of supply. The highest demand came from investors, first and second time buyers who had been sat on their hands for quite long enough.

It was the sub-&300K market (town house terraces, semi-detached, apartments and small detached properties) that enjoyed the greatest price increase, approximately 6% nationally. This figure however does exclude London where price growth was nearer 20%.

From July onwards the story has been a little different, demand still outweighs supply although lenders feel (and rightly so), that there has been enough short term growth and it is time to turn the heat down so they have been more particular in their lending criteria. An election just around the corner and the uncertainty of who is going to be governing the country from May 2015, creates a more cautious public.

Our predictions for 2015 will be a slower start than that of 2014; however money is still cheap to borrow and supply is short and those two factors, once the election is out of the way, will make for a strong sales market in the second half of the year”.

If you are looking to buy, or sell click here to see how we can help.



Lettings overview 2014

2014 overall has been a good year for the lettings market, Glynis Frew Hunters Director gives her views on how the market has been:

"There have been many predictions and startling headlines this year about the Lettings Market. For example there will be an additional 1.2 million households in England & Wales in the private rented sector by 2019 meaning that 24 per cent of all homes will be privately rented (according to Savilles) and over half of UK homes will be rented by 2032 for the first time in sixty years if current housing trends go unchecked (according to a new report by the Intermediary Mortgage Lenders). Whatever the predictions and whatever the trends; renting has become and will remain a residence form of choice for many.

Recent research carried out on behalf of the Aviva insurance giant (by ICM) in September, interviewed 2,545 adults across the UK; of these 1,301 lived in homes which they owned with a mortgage, while 1,244 lived in rented accommodation. Homeowners had moved on average 1.8 times over the last 10 years, compared to private renters who had moved 3.0 times, demonstrating that people often choose to rent because of the freedom it represents, and additionally that lettings is an important and growing sector within the British property market.

The sales market has been strong and lettings have seen demand for properties high but supply low and so the annual growth in average rental values for the three months to October 2014 (7.8%) was higher than 2013 (4.8%), 2012 (2.9%) and 2011 (5.3%) and yet in the three months to October 2014, average tenant incomes were 6.3% higher than in 2013. Average rental values for new tenancies in London (&1,411pcm) were &123 more expensive per month when compared to average rental values in October 2013 (&1,288pcm). To provide the balance to that view the Joseph Rowntree Foundation is predicting increased risk in the private rented sector. In its latest research report, released earlier last month, it concluded that the private rented sector is projected to house 20% of the population in England by 2040 whilst social renting will simultaneously decline to just 10%. However, this increasing demand is expected to put upward pressure on rents which are predicted to rise by 90% between 2008 and 2040, increasing at twice the pace of tenants’ incomes. This would mean half of all private sector tenants ending up in financial difficulties by 2040, suggesting that increasing numbers will fall into rent arrears in the future. This combined with increasing and extensive legislative pressure on the industry makes in more important than ever to ensure compliance and the need to employ a reputable agent.

The continued rise though represents the market – supply versus demand. The outlook for the lettings market is good, providing landlords supply good standard properties to live in there is no shortage of prospective tenants waiting to move in. At Hunters we believe this trend will continue in 2015".

If you are looking to let or rent click here to see how we can help you.



Hunters York - New State of the Art Property Showroom

After 15 years in city centre Colliergate, our York branch and headquarters have moved.  Our new property showroom and Head Office in Eboracum Way is a state of the art facility that allows us to make the most of advances in technology and embrace the changes that have happened in estate agency over recent years, ensuring the service we offer remains at the highest possible standard to achieve the best result for our customers.

David Parker, Branch Manager at Hunters York says, "We're really proud of the great new showroom we have created to assist your move; the branch is easily accessible, just outside the city centre and offers visitor parking on site."

New address: Apollo House, Eboracum Way, York, YO31 7RE. Tel Sales: 01904 621026 Lettings: 01904 756100

If you wish to contact Hunters York, click here.

 



Hunters continue to expand

Hunters have experienced what is said to be the best year in history in growing our franchise network, Andrew Bushell, Franchise Sales Director comments on the growth of 2014 and how the outlook for 2015.

"It's been simply a phenomenal year; Hunters have almost completed their best year in history in growing the estate agency network. There have been 37 new locations trading in 2014 stretching across the UK from North Shields to Salisbury.

We have over 30 strong cases that we expect to open in quarter 1 of 2015 and with interest levels at a record high, I expect us to achieve 50 openings in the next year. We have a superb team here at Hunters supporting new operations throughout the country and expect to be opening at a rate of 1 branch per week.

Hunters plan to have a 500 strong branch business within the next 5 years; this really is an exciting time for everyone involved".

For further information on how you could be part of the on going success in Hunters please click here to visit out franchise website.



A look at the market in Preston Road & Harrow on the Hill

Welcome to Hunters Preston Road & Harrow on the Hill

With the recent world class regeneration of Wembley, the area has become a unique overnight investment 'hot spot'. Only 13 minutes to Baker Street and attracting the professional market looking for easy yet affordable access to the City and attractions, Wembley is now home to the new London Designer Outlet the only outlet centre within the M25 offering the ultimate retail, restaurant and lifestyle destination.

The regeneration has attracted an influx of international investment and creation of new jobs and demand for accommodation. There has been an explosion of contemporary new build luxury apartments, together with a new state of the art civic centre and library facilities. Moreover, the much anticipated opening of the French Lycee Charles de Gaulle is popular with super rich French expatriates and celebrities fleeing to London to escape tax hikes, and is attracting cash buyers.

Wembley today is a must for investors. Rents and property prices are continually rising and demand is outstripping supply.

Our Harrow on the Hill office, now in the second year of trading, is going from strength to strength and we are amongst the most established and leading agents in the area. Together with its plethora of outstanding state and independent schools, Harrow has also hugely benefitted from the rise in the fortunes of Wembley.

Since the branch branded from Winkworth to Hunters in April 2012, we have established ourselves as a highly respected, local agent operating in the Brent and Harrow area.

Hari Patel, MNAEA, MARLA of the Preston Road office, sums up what the network is all about. “We are a local, long established agent with expert knowledge of the local area, supported by a highly communicative and established network of over forty offices in and around the capital. We pride ourselves in forming personal and long standing relationships with our landlords, purchasers and investors. I have worked in the area for 21 years and there has never been a more exciting time for Wembley and Harrow.”

Operating in residential sales, lettings and auctions Hunters have been offering a highly personal service to all its clients and will continue to do so into the lead to Christmas and beyond.



Hunters cross-London network and unique marketing knowledge and capabilities, including the multi-functional huntersnet.co.uk means that every property can be seen by a wider range of buyers.

We are very much at the heart of our community, in which we are proud supporters of Pinner United FC and St Luke’s Hospice Kenton.

Click here to contact Hunters Harrow on the Hill, or alternatively click here to contact any of our other branch across our network.



Alicante Office Now Open

Hunters International has opened the doors on it's second branch in Alicante, Spain.  Fergal Murray, Branch Manager, introduces himself and his team at the branch.

“I have been living in Los Montesinos and working in the Orihuela costa in Alicante for 11 years with my wife and three boys. I got involved in real estate 11 years ago and have witnessed the recession in Spain first hand. Spain is definitely turning the corner and now is a great time for people to invest in property here; the price is at an all-time low but is gradually rising. With the strength of the pound against the euro you are always going to get value for money.

The second member of my team here is Helen Rebera. Helen has enjoyed living on the Costa Blanca since 2001. She has a great knowledge of the area and plenty of experience in the property market having worked in real estate; selling, designing, renting and managing properties for over 10 years in the Vega Baja.

Even though letting and selling is our main business we will do everything possible to make the sale as stress free as possible. If you need any help in finding builders, plumbers, electricians, furniture etc. we have the best available. Whatever the customer’s need we cater for it.”

We hope everyone will join us in welcoming Fergal and Helen to the Hunters Team!

To contact this branch please click here



Auction News!

Many properties that have either been on the market for some time or have recently been acquired due to bereavement can be sat empty over winter. For a house not in use, the New Year often brings further bills to a sometimes already stretched household, including an additional council tax bill in some cases. For anyone with their own home to run alongside, things can get expensive and sometimes out of control.

Before resorting to desperate measures to sell, Hunters Auctions can achieve the best price, sale and completion in an 8-10 week timescale. Our successful department will market your property intensely leading up to the auction date. A sale in the room provides an exchange of contracts, a 10% deposit and completion 28 days later. Our first auction of 2015 is to be held on 25th February. A successful sale at this auction would mean the completion funds are yours by Easter.

Properties in need of modernisation or refurbishment always attract lots of interest at auction. Our auction catalogue mailing list alone includes 6,000 investors, developers and cash buyers looking for any property that needs work. Selling on the open market can prove difficult with any property needing work as although they are often popular with plenty of viewings, a failed survey can potentially leave the property un-mortgagable. By this point, solicitors are instructed and costs have escalated, only to have to start again.

Because we work very closely with our network of branches across the country, you get both a local and national approach to marketing, which is hard to match with other auction services. Alongside properties needing work, we also successfully sell commercial property, land, building plots and any investment property.

If you are interested in what our Auctions department have to offer you or would like to find out more click here or call us on 01904 756116



How to make your home cosy this winter

Read more to find out ways to make your home lovely and cosy during this cold winter.
Click here to read How to make your home cosy this winter.



Hunters Wetherby getting into the Christmas spirit!

Hunters Wetherby have been involved in their local Christmas light switch on event. They had a stall in which they handed out goodie bags and also held a competition with Tadcaster Albion. For the competition you had to take a picture with the Taddy bear and Tweet this picture on Twitter which would give you a chance to win tickets to a match.

The event was a huge success for everyone involved and the winner of the tickets was announced last month, congratulations from all at Hunters!



Luxury Pennine Lodges

Phase 1 will consist of 14 'Westfield' Luxury lodges of timber construction, single storey, 40" x 20" with 3 bedrooms and external decking, hot tub and TV as standard.

Pleasington Lakes is an exciting new leisure village situated in Lancashire, close to the M65 network and within 1 hours drive of Manchester, The Lake District and Leeds.

The accommodation will comprise of Open plan lounge with French doors onto decking, dining area and modern fitted kitchen, 3 double bedrooms master having en-suite, and family bathroom.

Each lodge will be fully furnished including electrical appliances and soft furnishing.

Once fully developed the scheme will include 94 lodges and proposed leisure facilities and in addition there will be 3 man-made lakes on this 112 acres site.

 

Click here to contact our Oldham branch for more information.




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