TheNews MAJOR APPOINTMENTS PBK goes global for RICS
Three weeks after announcing his departure from the National Federation of Property Professionals (NFoPP), generating considerable consternation and surprise, The Negotiator hears that Peter Bolton King, former Chief Executive, has moved to RICS as Global Residential Director. Peter, an RICS member since 1979, was NFoPP’s Group Chief Executive for nine years. Now, based in RICS’ Parliament
Square office, Peter will work alongside the institution’s other professional group teams, tasked with further increasing the RICS presence in the residential sector and promoting the role of RICS Residential globally. He will replace Group Director David Dalby who retires in July. Peter Bolton King has
represented the UK property industry at the highest level on both the UK and international stage, during boom times in property where membership of
MARKET REPORTS
Estate agents record increase in first time buyers
Property sales rose to their highest level in four months during February, according to the latest NAEA market report which is collated from the number of sales made at member branches across the UK. While there was some regional fluctuation, an average seven sales were recorded per branch for the month, up from six in January and the highest figure since October 2011 (average of eight sales). The
NAEA
President Wendy Evans-Scott
proportion of sales made to First Time Buyers remained on par with January at 23 per cent. NAEA agents cited
the imminent end of the Stamp Duty holiday for properties under £250,000 as a key reason for continued buyer interest from this section of the market.
6 l May 2012 l TheNegotiator
Peter Bolton King
NFoPP grew and onwards into the challenging times of recession. He has received numerous brickbats along with bouquets but has always risen to the challenges and presented a strong, polite and positive face – no easy feat. Prior to joining NFoPP, Peter
was with Bradford and Bingley and Black Horse Agencies, having started in agency at Locke and England in Warwickshire. Ken Creighton, RICS Director of
Professional Standards, said, “We are absolutely delighted to have appointed Peter as Residential
Professional Group Director. Peter’s vast knowledge and experience will prove invaluable to our members, the institution and the property industry as a whole.” Peter said, “I am very pleased to accept this exciting role. The last nine years with NFoPP have been very enjoyable, but I am looking forward to bringing to the RICS the UK and Global experience I have gained to help the institution meet its ongoing objectives and strategy.” Outgoing Director, David Dalby,
added, “Having someone of Peter’s calibre taking over this role demonstrates RICS’ commitment to raising standards and professionalism in this vital economic sector. I look forward to working with him during the hand-over period, to establish a framework to take RICS Residential to the next level, in terms of influence and global reach.”
MARKETING
Free fees from Chancellors
In the recent Budget the Chancellor didn’t give anything away, but property people must just be a nicer breed. Chancellors (the estate agents) have for the second year running launched their ‘Fees for Free’ incentive. During March, Chancellors
gave every client that booked a free market appraisal for the sale or let of their property the opportunity to be entered into a free draw. The winner will receive Chancellors’ services to sell their property or let for the first 12 months for free. What do you offer to bring in those instructions? Let us know!
For all the latest news visit us at
www.the-negotiator.co.uk
available in February 2011. Demand for property also
rose during February. On average, the number of house-hunters registering with an agent increased from 260 in January to 293 in February. Compared with year-on-year data, buyer interest is considerably higher than in February 2011, when just 268 house-hunters registered. NAEA President Wendy
Evans-Scott says, “These latest figures show that there is demand for property, especially at the lower end of the market, which, if supported in the right way can lead to increases across supply and sales. “It is a tragedy to see that the
“The fragile housing market needs all the assistance it can get.”
Supply levels across the
country increased slightly with NAEA agents reporting an average 63 properties available
per branch, up from 60 in January. This is, though, still lower than year-on-year figures, with an average 70 properties
Stamp Duty exemption has now been removed. Not only that, but the Chancellor’s Budget announcement last week that a seven per cent tax rate at the upper end of the market is to be introduced, hits house-hunters at both ends of the spectrum. “The fragile housing market
needs all the assistance it can get to generate sustained growth, but the Chancellor’s current policy will certainly dampen hopes of a rapid recovery.”
www.the-negotiator.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44