View: All (27) Accounting and Finance (4) Commercial Property (8) Estate Agency (9) Executive Appointment (1) Facilities Management (1) General News (19) Land and Development (7) New Homes (9) Property Management (4) real estate finance (1) Secretarial Support (1)

Devrell Smith reports on Bank of England, housing market, mortgages

Bank of England Caps Home Loans

The Bank of England is making steps to cool the housing market. They have announced plans to cap the proportion of home loans and claim there will be tougher checks on whether people can repay their mortgages. The measures which will be put in action in October of this year will  only allow 15 percent of new mortgages to be at multiples higher than 4.5 times a borrowers’ income. Despite warnings from the IMF, Mark Carney,  BoE Governor stated he believed there was no immediate threat to the financial system from the rising… more
Estate Agency 26.06.14
property jobs, property career, deverell smith

How to change your career path in the property industry

The property industry offers a huge array of career opportunities and job types from the outgoing sales consultant in the fast paced estate agency or brokerage to the methodical fund analyst to the multi-tasking project manager; there really is a plethora of career paths, requiring a diverse range of skill sets, qualifications and personality types. But with such a range are you really in the role that is right for you? A surprising number of people admit that they are not happy with their career choice, but very few do… more
General News 24.06.14
simone mundy clowry real estate finance

London Residential Market Faces Dual Headwinds

There has been much commentary on London residential property prices and whether current elevated levels are in bubble territory or not. Historically, the Bank of England (BoE) has been reluctant to intervene, citing the use of monetary policy as too crude an instrument to intervene in the market: the consequences for the rest of the economy have always overridden any possible desire to use interest rates to slow down a housing boom. However, the current Governor, Mark Carney, has shown far greater willingness to intervene in the marketplace. Late on Thursday afternoon,… more
Commercial Property 16.06.14
home lending, uk house marketing, cml, mortgages

UK Home Lending Rises by 47% Compared with a Year Ago

Despite new mortgage application rules the number of loans to home movers increased by 47% in value compared with April 2013 and 30% in growth according to The Council of Mortgage Lenders (CML) latest data. The data shows that first time buyers and home movers continue to drive the growth of the UK mortgage market. The number of loans to first time buyers rose by 37% compared with April 2013 and  1%in the past month, indicating signs of stability. By value, lending to first-time buyers was up 3% on March… more
Accounting and Finance 12.06.14
Empty property, business rates, Deverell Smith, business rates jobs

Business Rates Reform Could Decouple the Charge from Retail Price Index

Reforms could be made to the controversial tax after a radical proposal made by the two leading property groups. The British Property Federation (BPF) and British Council of Shopping Centres (BCSC) have urged reform of the current system in a joint proposal to the business rates consultation issued by the Treasury and the Department for Communities and Local Government. The proposal calls for more frequent valuations, abolishing the current system of the RPI escalator to ensure business property charges accurately reflect rental values. The changes would help align business rates… more
Accounting and Finance 10.06.14
Queens Speech on coalition government housing pledges

Queens Speech Confirms Coalition Governments Housing Agenda

A house building drive and a pledge to keep mortgage and interest rates low have all been put on the agenda for the coalition in its last year. Among the changes set out in the Queens speech the coalition government has reversed their pledge to make all new homes “zero-carbon” by 2016. The new legislation would not apply to housing built in small developments and companies would be allowed to buy exemptions from new green standards. Developers can choose not to go “zero-carbon”, and build homes with emissions 44% lower… more
Estate Agency 04.06.14
construction employment jobs

Construction Industry Contributes £90bn to the UK Economy

According to the governments latest report the construction industry in the UK contributes £90bn to the UK economy, 6.7% of the overall total. 2.9 million jobs are filled in the industry, 17% of which are made up of surveyor, architects, town planners, executive and managerial positions. The report states that the global construction industry’s output is forecast to increase from around $8.5 trillion today to $12 trillion in 2025. To view the infographic click here.  Click here if you are seeking a new opportunity in land and development or commercial property.  … more
Commercial Property 27.05.14
commercial property recruitment, general practice, property recruitment, deverell smith

From Property Agent to Recruitment Consultant

Dan Moloney, former Retail Agent for Cushman and Wakefield and now Head of Commercial Property at Deverell Smith talks about his career and his decision to move into property recruitment. How did you begin your career in property? My family background was property with my Father running an Estate Agency business. I was keen to follow in his footsteps and pursue a career in the commercial property industry. I graduated with a Degree in Commercial Real Estate Management from Kingston University in 1995. At the time the market was still… more
Accounting and Finance 12.05.14
skills shortage for surveyors and construction

Demand Outstrips Supply – Skills Shortage for Surveyors and Project Managers

As the UK is on the brink of the biggest building boom in history, Deverell Smith’s latest report shows there is a skills shortage for property managers and surveyors. According to the property recruitment consultancy’s research the number of job roles in the residential development and new homes sector has risen by over 125% from 2008 to the end of 2013 and 74% in the past year. As demand continues to increase, Deverell Smith calls for more action to be taken by the government to attract; from all corners of… more
Accounting and Finance 24.04.14