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Inflation or deflation?

As you may have read in the newspapers inflation is now at a record low, at near 0.5% and well below the Bank of England’s 2% target. With the oil price fall we might well move into deflation. What is driving inflation down? Bad deflation is when companies cut back, people lose jobs, demand falls […]

Newsletter and Prediction for 2015

The Christmas break is over, and business is back to usual, indeed the first 2 weeks of January have been a lot busier than expected; perhaps decisions are made in the “down time” of the Christmas break and new resolutions made to find a new managing agent! Like all the mugs at this time of […]

MERRY CHRISTMAS TO ALL

The final blog for 2014 and what an exciting year it has been for Osprey! Hard to think that 12 months ago Osprey, its logo, branding and staff were but a twinkle in the eye of our parent company, Residential Property Group Limited! Osprey offices were kitted out and ready for occupation in June, followed […]

NEWSFLASH: STAMP DUTY RATES

George Osborne announced a change to the way that Stamp Duty Land Tax is calculated as of midnight last night, in his words; “As a result, stamp duty will be cut for the 98% of homebuyers who pay it.” The headline numbers are: •             No tax on the first £125,000 paid •             2% on the […]

HOUSE PRICE RISES THROUGHOUT THE COUNTRY

Hometrack’s UK Cities House Price Index was published last week and showed that all the UK’s top 20 cities are registering annual house price growth of more than 5% for the first time since 2004. House price growth is more than 3x the current growth in average UK earnings (1.3%), as pent up demand has […]

HOUSE PRICE CRASH

Being intrinsically involved in the residential property market we are always keeping an ear to the press and market commentary as to house price growth and market sentiment. One cannot help feeling that the press overly dramatise the results of various house price indices, and play on our emotions as a nation of homeowners and […]

LOCAL NEWS FROM THE AREA

Kettering Town FC hopes to return home: Great to see this article in the press; http://www.stadiadirectory.com/kettering-town-to-bid for-rockingham-road Kettering Town’s board have confirmed they will be launching a bid to buy back Rockingham Road. The stadium went up for official sale last week, and its seller has invited any bids to be made before the end of […]

INTEREST RATE RISE: NOT IF BUT WHEN

There seems to be increasing pressure for an interest rate rise but some important factors mean the inevitable may be postponed for a while yet. Ever since interest rates hit their all time low there have been discussions about when interest rates will rise. This is not surprising it is a powerful macro economic tool […]

RECOMMENDATION FOR LANDLORDS TO CONTACT US

It was interesting to come across this news announcement; http://www.thurrockgazette.co.uk/news/11493294.Man_who_glued_his_hand_to_council_desk A DISGRUNTLED landlord had super-glued his hand to a desk at Thurrock Council’s offices. The Mr Lovitt, 60, of Chadwell St Mary, visited the council following a dispute with his tenant over rent.

LOCAL MARKET UPDATE

The Lettings market in general has been very buoyant in the first half of September with multiple viewings on many new listings. Osprey have already let 19 properties this month with further transactions in the pipeline. This very busy start to the month follows on from an active July and August and we can expect […]