Online estate agents take 10% of market for first time within sub-£200k sector

first_imgOnline estate agents have taken 10% of the UK housing market at the lower end of the market for the first time, latest research by TwentyCI reveals.Its Property & Homebuyer report for the final three months of 2019 shows that online agents now have a market share of 10% for properties under £200,000 and an overall market share of 7.9%, a percentage which has held steady during the whole of last year.Also, TwentyCI says online estate agents hold in excess of 10% of the market in several key regions including in the North West, West Midlands as well as Yorkshire and the Humber.“This is a significant win for online agents, yet again demonstrating their appeal to the lower-value end of the housing market, however for Purplebricks to achieve their stated goal of 10% market share, a significant penetration into other populace regions of the UK and for properties greater than £200k is essential,” says Colin Bradshaw (left), Chief Customer Officer at TwentyCI.“Polarisation of their proposition will inhibit the strategic objective.”His company’s research also reveals that the ‘Boris bounce’ predicted by many agents and economists following the General Election win for the Conservative Party has yet to appear in the form of an increase in new instructions or average asking prices.“Consumers have still been behaving hesitantly when it comes to both buying and selling their homes, however with Brexit now planned for later this month, we could see a welcome boost to the slow-moving property market of 2019, at least in the short term as people look to get on with the job of moving house,” says Bradshaw.  Colin Bradshaw Purplebricks online agents TwentyCi January 15, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Online estate agents take 10% of market for first time within sub-£200k sector previous nextHousing MarketOnline estate agents take 10% of market for first time within sub-£200k sectorResearch by TwentyCI suggests online estate agents are gaining traction among budget home movers and particularly in the NW, West Midlands and Yorkshire.Nigel Lewis15th January 202001,843 Viewslast_img read more

Dutch schemes blame rising costs on performance fees, dealing costs

first_imgLCP found around half of the increase in costs was caused by higher performance fees, which rose by 32% to €2bn, while combined returns decreased to 5.7% in 2017 from 10.4% in 2016.Koopmans said lower returns do not necessarily mean lower fee ”as for a performance fee, the achieved returns only need to be better than the agreed benchmark”.Transaction costs climbed by €331m to €1.3bn, he said, amounting to 0.1% of total assets, pointing out that several pension funds indicated they had only last year started disclosing transaction costs in accordance with rules set by the Pensions Federation.According to LCP, higher asset management and transaction costs accounted for €819m of the total rise in costs last year of €968m, with changes in the asset mix as well as higher levels of assets under management behind the remaining €149m.Large pension funds in particular incurred higher costs last year, although more than 60% reported an average 8bps fall in costs.Meanwhile, the combined costs of pensions administration dropped 0.9% to €990m last year.Costs per active participant or pensioner fell from €115 to €111 per participant – a decrease of 3.3%.As in 2016, the cost of pension provision varied widely between the funds, with 55% posting increases of 12% on average and 45% reporting an average 8% fall.LCP noted that industry-wide schemes – which tend to be large – incurred much lower than average costs at €91 per participant on average. Company schemes and professional pension funds, on the other hand, reported average costs per participant of €258 and €422 respectively.Asset management costs and administration costs at general pension funds (APFs) were largely similar to costs at company pension funds.LCP said the 2017 survey was the first opportunity to compare eight of the 16 compartments at five APFs, as these had still been company schemes in 2016. Dutch pension funds saw their combined asset management and transaction costs rise by 14.7% to €7.6bn in absolute terms last year, on the back of increased performance fees and previously hidden dealing costs, according to LCP Netherlands.In a year that saw the schemes’ total assets under management grow 8% to €1.31trn, the average cost level rose by 6.2%, or from 54bps to 58bps, the consultancy’s survey of 222 annual reports reveals.This compares with a rise in costs of just 1% in 2016.Jeroen Koopmans, partner at LCP and author of the survey, said he was surprised by the scale of last year’s increase, even though asset managers often charge more if assets under management rise.last_img read more

HEAVILY FAVORED LORD NELSON ROLLS TO 2 ½ LENGTH WIN IN GRADE I, $300,000 SANTA ANITA SPRINT CHAMPIONSHIP; BAFFERT & PRAT COMBINE FOR SIX FURLONG WIN IN 1:08.80

first_imgWINNER IS GUARANTEED A FEES-PAID BERTH INTO $1.5 MILLION BREEDERS’ CUP SPRINT ON NOV. 5 ARCADIA, Calif. (Oct. 8, 2016)–Heavily favored Lord Nelson overhauled longshot All Run with a sixteenth of a mile to run and waltzed to an impressive 2 ½ length win in Saturday’s Grade I, $300,000 Santa Anita Sprint Championship, his fourth win in a row and his third consecutive Grade I triumph for B. Wayne Hughes’ Spendthrift Farm and trainer Bob Baffert. Ridden by Flavien Prat, the 4-year-old Pulpit colt negotiated six furlongs in 1:08.80.A Breeders’ Cup “Win and You’re In” Challenge race, the win assures Lord Nelson a fees-paid berth into the $2 million Breeders’ Cup Sprint at Santa Anita on Nov. 5.“I was a little worried about All Run pulling away from us and at the three eighths pole, I didn’t look like the winner,” said Prat, who rode the horse for the first time in taking the Grade I, six furlong Bing Crosby Stakes on July 31. “I think my horse is better going further. But, when he switched leads he just took off and we really started running.”Purchased by Hughes following a third place finish in the Grade I Malibu Stakes here Dec. 26, Lord Nelson has been perfect in four starts under the Spendthrift colors and was thus heavily favored at 1-2 in a field of five 3-year-olds and up. With a massive $699,812 bet to show (of a total show pool of $752,109), Lord Nelson paid $3.00, $2.10 and $2.10.“The (Breeders’ Cup) Sprint is a tough race to win, but if you have the right kind of horse you can do it and so far, Lord Nelson looks like the right kind of horse. He likes this track, he hasn’t lost this year.”With five wins from eight tries at Santa Anita, Lord Nelson now has seven wins from 12 overall starts and with the winner’s share of $180,000, he increased his earnings to $958,271.“My dad has a cold or he would’ve been here,” said Hughes’ daughter, Tammy Hughes Gustavson. “He’s here in L.A., but wasn’t feeling well enough to come. My husband and I left the S.C. (Trojan football) game to come out today. We’re looking forward to the Breeders’ Cup Sprint with this horse. We’ll be here and there’ll be a lot of people from the farm (Spendthrift, in Lexington, Ky.) as well.”Breaking from the rail, reformed claimer All Run was sent to the lead by Martin Garcia and proved tough to catch, despite setting blistering fractions of 21.37, 43.83 and 56 flat.“When a race like this is at six furlongs, you just keep it simple,” said Garcia. “With these kinds of horses, you need to just let it go unless the horse doesn’t break. My horse likes to run on the front end and I had to get after him a little bit early because my (post) position was number one…I just got beat by a better horse.”Off at 23-1, All Run finished 3 ¾ lengths clear of Jazzy Times and paid $8.80 and $2.80.Lord Nelson’s stablemate, lightly raced Jazzy Times, sat second to the winner through the first half mile but flattened out badly through the drive. Ridden by Rafael Bejarano, he was off at 3-2 and paid $2.10 to show.The Santa Anita Sprint Championship was run as the fourth race on a 10-race card Saturday. –30–last_img read more

Data Deluge: More Numbers Predict Crushing Amounts of Information

first_imgJust when people are becoming familiar with the concept of a terrabyte and are starting to see references to petabyte-sized storage systems, the world is moving up to the next level up of storage, the exabyte, that’s 1,152,921,504,606,846,976 bytes.Exabyte are to be followed by Zettabyte and Yottabyte.  The names for byte volumes are crazy and will become ever more confusing as information volumes grow.  It is inevitable that some alternative naming convention will take over.  But until then, we are entering the world of the exabyte.The address space for 64-bit architectures is 16 exabytes.  All words ever spoken by human beings can be represented in 5 exabytes of data.  In 1999 the total volume of information generated was estimated as 2 exabytes.  In 2006, the volume grew to 161 exabytes.The numbers are becoming unimaginable.  161 exabytes is 3 million times all the information in books ever written, or 12 stacks of books each extending 92 million miles from the earth to the sun.In a report from IDC, they estimate that information will grow at a compound annual growth rate of 57 percent, hitting 988 exabytes in 2010. Digital images are one big reason why we’re seeing such torrid growth in information volume.  By 2010, the number of images captured by digital cameras will exceed 500 billion.  In 2006 there were more than 150 billion digital cameras worldwide and 1.6 billion mailboxes sending and receiving emails. We may outgrow 64-bit architectures a lot faster than anyone would have thought.last_img read more

Money Is An Outcome

first_imgEverybody wants more money. Most people are not willing to do what it takes to make more money. And the people who want money the most are often mistaken about what they need to attract the money they want. Much of what they do repels money from them.People Are the EndIf you put money before people you will have trouble making money. This does not mean that you should not run a profitable business, that you should not care about your fiscal responsibilities, or that you should not have goals and targets.By treating people as a means to an end that is money, you set priorities in such a way that money becomes difficult to gain. By treating people as an ends in and of themselves, you make it easier to acquire money.Clients Are the EndIf you put money before your clients or customers you will have a tough time “extracting” the money you want from their checkbooks.Putting your customers before money doesn’t mean that you should reduce your price to win the clients you need. Valuing your current clients more than you value money does not require that you make unnecessary “investments” in buying the business. What it means is that by valuing your clients more than you value money, you make money easier to acquire.The Money FollowsMoney, especially profit, accrue to those who create value for others. Those who create greater value make greater money. Those who create greater value for even more people, make even more money.Revenue is the result of selling well and taking care of your clients. Gross profit is the result of a good business model. Net profit is the result of excellent leadership, good management, and fiscal discipline.In business, increasing revenue and profit is the result of doing 1,000 things right, chief among those are valuing people and teaching them to do purposeful and meaningful work for clients about whom you care deeply.Money, in all its various forms, is an outcome.last_img read more

SP seeks Shivpal Yadav’s disqualification from UP Assembly under anti-defection law

first_imgThe Samajwadi Party (SP) has moved an application seeking the disqualification of Shivpal Singh Yadav from the Uttar Pradesh Assembly under the anti-defection law. Shivpal Yadav, the estranged uncle of SP president Akhilesh Yadav, was elected from the Jaswantnagar Assembly constituency in the 2017 State elections. He floated a new party Pragatisheel Samajwadi Party (Lohia) and had contested the recent Lok Sabha elections on its symbol. The application from the leader of the SP in the Assembly, Ram Govind Chaudhary, has been received and a letter seeking Mr. Yadav’s reply has been issued, sources in the Assembly said. Speaker Hriday Narain Dixit will take a decision on the matter after receiving Mr. Yadav’s reply, they said. Pragatisheel Samajwadi Party (Lohia) spokesman C.P. Rai said before contesting the Lok Sabha elections, Mr. Yadav had informed the Speaker about his new party and he will say the same in the reply.last_img read more

a month agoBarcelona chief Grau has pop at Juventus defender De Ligt

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Barcelona chief Grau has pop at Juventus defender De Ligtby Carlos Volcanoa month agoSend to a friendShare the loveBarcelona chief Oscar Grau has had a pop at Juventus defender Matthijs de Ligt.Grau insists the former Ajax defender chose to go for the money.“We made him an offer, but he preferred to go to Juve, where Italian taxation allows him to earn a higher net salary,” said Grau.Barca also tried for PSG star Neymar.”We made a very big effort for him,” Grau said.“The club did everything possible with two offers, one with and one without players in exchange but still sustainable.“The feeling, however, is that PSG never really opened up to a sale.” last_img read more

Grass fire off 271 Road spreads over half a kilometre due to

first_imgFORT ST. JOHN, B.C. — Fire crews in Charlie Lake needed backup in dealing with a fast-moving grass fire that started west of Fort St. John yesterday afternoon.The Peace River Regional District’s Protective Services Manager Deborah Jones-Middleton said that the Charlie Lake Fire Department was called out to the fire just north of IPAC Services on the 271 Road at around 5:00 p.m. Wednesday. Jones-Middleton said that upon arrival, fire crews noted that the fire was spreading extremely quickly due to high winds and dry conditions. Charlie Lake Fire Department crews battle a fire off the 271 Road on Wednesday evening. Photo submitted by Ryne Mott via Facebook. Charlie Lake Fire Department crews battle a fire off the 271 Road on Wednesday evening. Photo submitted by Ryne Mott via Facebook. Burn marks in a field off the 271 Road seen Thursday morning. Photo by Chris Newton Burn marks in a field off the 271 Road seen Thursday morning. Photo by Chris Newton According to Jones-Middleton, the Charlie Lake Fire Department called in additional fire crews from Taylor and Hudson’s Hope since sparks from the fire had started a spot fire roughly half a kilometre away. She said that 30 firefighters battled for roughly six hours, with the fire deemed under control by 11:30 p.m. However, Jones-Middleton added that at least one firefighter was monitoring through the overnight hours to ensure the fire did not flare up again. Jones-Middleton said that no properties were damaged by the fire, but she was not able to provide an estimate on the final size of the fire. At this point, there’s no word on what caused the fire, but Jones-Middleton did add a reminder that despite the sogginess of the ground, dead and dry grass and trees can spread fire incredibly quickly in windy conditions.last_img read more

HCL Tech inks managed services pact with Xerox

first_imgNew Delhi: Indian IT company HCL Technologies announced Tuesday that it has signed a managed services agreement with Xerox worth USD 1.3 billion over multiple years. “This seven-year agreement for an incremental USD 1.3 billion continues to build on the success of the Xerox-HCL relationship, which began in 2009 with product engineering and support services,” HCL Tech said in a statement. HCL Tech will manage portions of Xerox’s shared services, including global administrative and support functions, including selected information technology and finance functions (excluding accounting), it added. The IT firm currently manages aspects of Xerox’s mechanical, electrical and software engineering activities for printer and imaging product lines. Together, the two companies have delivered 215 US patents and have created research and development (R&D) labs that are tightly integrated with Xerox.last_img read more

1322 industrial units switch to PNG

first_imgNew Delhi: The Delhi Pollution Control Committee (DPCC) on Wednesday said it made 1,322 industrial units switch to PNG fuel from other liquid fuel out of a total 1,467 units identified for conversion. On the direction of the National Green Tribunal (NGT), the DPCC has also asked all non-bedded health care facilities to obtain authorisation by April 25 under Bio-medical Waste Management Rules 2016 or face closure. “To improve air quality in Delhi, DPCC has got converted 1,322 industries to PNG fuel from other liquid fuel out of total 1,467 industrial units identified for conversion,” it said in a statement. Also Read – After eight years, businessman arrested for kidnap & murderIt also said that environmental compensation of Rs 5,00,000 each has been levied on South Delhi Municipal Corporation, Public Works Department and District Level Monitoring Committee (South East) for illegal dumping of bio-medical waste in Barapullah Nallah. The DPCC has imposed Rs 50,000 environmental damage compensation on municipal corporations for unauthorised dumping of garbage in 10 drains at 38 places. In the statement, the anti-pollution body also said South MCD along with the Delhi Police and SDM (Delhi Cantt) took massive action of removal of encroachments in Mayapuri Industrial Area to stop unauthorised scraping of vehicles. “DPCC imposed Environmental Compensation Damages (EDC) of Rs 1 lakh each on 785 occupiers found during a survey by the Special Task Force,” it added. On Tuesday, the DPCC had slapped fine on over 1,500 units for pollution.last_img read more

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