Following the passing of the Homes (Fitness for Human Habitation) Act 2018 into law, as of the 20 March 2019 it will be a legal requirement for all social and private sector landlords, or agents acting on their behalf, to ensure that a property is fit for human habitation at the beginning and for the duration of the tenancy.
Published by on 07 Mar 2019 16:48
This week, LSL one of the largest estate agents in the UK announced the closure of 124 of their High Street offices. It has been widely reported that the reasoning behind the closures of so many of their branches was down to the rise of the Online Estate Agent
Published by on 14 Feb 2019 10:07
PG Estates is delighted to announce that it has acquired the business of Urban Habitat
Published by on 23 Jan 2019 17:35
Talk to any professional gambler, and they will tell you to look at trends: 'A horse aged 7 has won 9 out of the last 10 meetings'. 'Every winner of this race has come off the back of a previous win'. '6 out of the last 7 games between these sides have ended in draws'. There's endless trends for each race/fixture to analyse. People talk to me on a daily basis about the 'risk' of buying in the current market like they're taking a punt on the 100/1 shot at The Grand National! Maybe they should be analysing the trends of the property market.
Published by on 28 Nov 2018 14:10
This week, Phillip Hammond delivered a budget that was in the majority, well received by the electorate
Published by on 31 Oct 2018 13:36
Finally.... the UK government has said something positive about landlords!
Published by on 22 Oct 2018 10:17
Welcome to my weekly property blog... this week, we are going to take a look at property markets around the world and why London is (or is not) overvalued.
Published by on 03 Oct 2018 14:33
This week, Theresa May announced that she would be investing 2BN to tackle the affordable housing problem in the UK.
Published by on 21 Sep 2018 17:41
As you are probably already aware, Mark Carney (The Governor of the Bank of England) today warned that 'a chaotic no-deal Brexit could mean that property prices fall by as much as 35%'.
Published by on 17 Sep 2018 09:26
With Halifax releasing its monthly report on the UK property market, it's time to review the results and attempt - however in vain it may be - to predict what's in store next.
Published by on 10 Sep 2018 12:04
It's been a busy month for our lettings team in the Islington and Spitalfields offices with a record number of properties let in August.
Published by on 03 Sep 2018 12:22
PG Estates has recently acquired well-established Shoreditch agent, PJ Morgan. Paul House, of PJ Morgan, who is retiring said, "I strongly believe that the best letting agents are the independents where there is an ethos of good, long term service to their clients, their tenants and their properties. As such, I have decided to sell to another local, privately owned and run firm...
Published by on 20 Jul 2018 11:38
It's interesting how the whole Brexit vote is casting an increasingly large, rather dark shadow over everything at the moment. It is obviously very difficult to extrapolate fully the effects of an Out vote on the London property market (or even an In one), and more specifically the Lettings market. Even if we do vote Out it's difficult to know the time frame and process of what happens next and if we vote In by a narrow margin will that lead to significant fissures .....
Published by on 20 Jul 2018 11:29
As the staff begin to decorate the office and the streets around us start to twinkle with little fairy lights I know it is that time of year again to put down my thoughts and reflections on another year embedded in the London residential property market.
Published by on 20 Jul 2018 11:24
Welcome back to the working world; and what a one January has thrown up for us. Donald Trump is now the leader of the free world and is setting a cracking pace at reducing that freedom. The complete reversal of what was, I thought, widely accepted social, economic and diplomatic norms seems to be the order of the day.
Published by on 20 Jul 2018 10:54
We are cracking on with various areas of the business at the moment. In terms of lettings, we saw a gentle slowdown towards the end of last month (which is seasonal and pretty normal) and then this month has picked up a bit as the month has progressed - but it is important to highlight properties do have to be keenly priced to secure an offer without things getting protracted.
Published by on 20 Jul 2018 10:32
As I sit and write this I have had to close the curtain to block the bright sunshine streaming in through my sittingroom window. What a welcome problem to have at last.
Published by on 20 Jul 2018 10:26
Although this is our April newsletter, I realise I am running a little late and this has, in fact, snuck in to May so I hope, if you are in the UK at least, you are enjoying a restful Bank Holiday.
Published by on 20 Jul 2018 10:21
I have been putting off writing this newsletter because I was waiting for the election to pass, to let a period of calm settle, and from that period of calm, be able to draw some conclusions from its result to then begin to assess the future. Clearly, sadly and also, in light of other events, tragically, that period of calm has not come.
Published by on 18 Jul 2018 09:41