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Alice Robinson has been recently presented with her recently gained accreditation from the Relocation Agent Network U.K. Training Manager, Errol Dyer.

Alice RAN 2

Each Relocation Agent Network member has been handpicked by Cartus, the premier provider of global relocation. With an expansive global footprint, providing services in over 185 countries, Cartus moved more than 163,000 customers, worldwide in 2016. In the UK alone, Cartus has over 35 years' experience in the residential property market and knows what makes a good estate agent.

Cartus is highly selective when choosing each Relocation Agent. Membership is based on criteria such as: Quality of service

Local knowledge and Professionalism. This strictly, invitation-only membership means Cartus can be confident that each Relocation Agent Network member is the Local Expert in their area.

Partner of Philip Martin Sean Johnston said “For Sellers, each Relocation Agent works with fellow members, to help relocating families move across the UK, which means our members have access to buyers who are moving into towns and cities nationwide - giving you an additional channel in which to sell or rent your home.”

“For Buyers moving out of an area, you can go to your local Relocation Agent, who will pass on your details to the agent in your destination location. This Relocation Agent can then supply property details and concise area information about the area you are moving to. If you are planning on buying or renting a property closer to home, then our Relocation Agents are your Local Expert and can guide you through the moving process. So whether you are moving five or 500 miles, you have access not only to your local estate agent, but to the entire Relocation Agent Network across England, Scotland and Wales.”

Sean also commented “We are very proud of Alice, she has done so well to earn this award and we are very lucky to have her.”  

SPRING PROPERTY REVIEW

As part of our Spring Review we have studied the latest data and price indices which continue to paint a picture of sustained activity during the first months of 2017. The housing market experienced significant influences during 2016. Firstly, the stamp duty change for buyers looking to purchase buy to let property; there was a surge in market activity before the change and a decrease immediately after the 1st of April. In the TR2 postcode 36 properties sold in March compared to 15 sales in April, quite a difference. This decrease in the number of sales maintained into June but rather surprisingly the stamp duty alteration did not affect the market during the second half of the year with a rise in sales during August, September and October. 

Leading up to the EU referendum there was a spike of new instructions in the postcode TR2 with a total of 72 new properties coming to the market in May, however this dipped substantially during June with only 25 new instructions. The air of uncertainty that was felt just before, during and that which followed the EU referendum result has had little impact to date with the markets re-gaining strength ever since and with interest rates remaining at low levels we have noticed an influx of buyers moving their money into property. Long term property investment has proven its reliability.

Spring is the best time of year to sell property. Following the winter months, spring is a welcome reprieve with the longer days, warmer temperatures and the abundance of young wildlife and budding trees, it’s a fantastic time of year to be on the Roseland. Spring has always had a positive impact on people and therefore on the property market. As the Roseland begins to stir from hibernation we see an influx of visitors as well as the annual nautical enthusiasts beginning their preparations to transport their vessels out of winter moorings into the harbours. We notice our St Mawes office springing into life as we experience an injection of motivated buyers looking to The Roseland market during March and April in readiness to buy during the spring and summer period.

The average house price in the South West stayed consistent from February 2016 to January 2017 at £284,736 with a slight decrease to £284,691. However, we note that since the beginning of January 2017 to February 2017 there has been an increase in the average house price of 2.5% to £291,885. With the slower rate of price increases it makes it riskier for sellers to over-price their property and analysis shows sellers are 40% more likely to sell if priced right when they first come to market.

As mentioned in our Autumn Review Philip Martin had a very successful 2016 and we can now report that by the end of 2016 we had recorded our best ever year with our highest ever level of property transactions since Philip founded the business in 1986. This has continued into 2017 which shows that the Roseland is still one of the most desirable areas in which to live.

Amongst our sales in the final quarter of 2016 and the first two months of this year we have sold a range of different property on the Roseland. Tregisswyn Farmhouse with seven acres of land at Ruanhighlanes sold for £785,000, on the edge of St Mawes the property Pulpry sold for £935,000 and Melior at Rosevine with sea views sold at £680,000. A brand new house at St Just In Roseland made £840,000 whilst the thatched cottage Marthas sold for £415,000. The well-known Merrose Farm sold for £1,050,000 at the end of 2016 and Josie Cottage in St Mawes sold in excess of the guide price of £350,000. Tregenna Farm near Portloe made £650,000, Lanhoose House near Portscatho sold for £965,000 and Pencoise Farmhouse near St Ewe made over £750,000. As demand remains strong we can only recommend that now is a great time to sell your property. During 2016 Philip Martin sold over 52 million pounds worth of property in Cornwall, indeed we know property, we know Cornwall and this is what we do.

The majority of sales in St. Mawes during the last year were terraced properties, selling for an average price of £494,212. Detached properties sold for an average of £1,187,939, with flats fetching £323,411. St. Mawes, with an overall average price of £704,025 was more expensive than nearby Falmouth (£281,761), and Devoran (£396,450). 

 

HOW TO AVOID THE ROGUE LETTING AGENT

In a recent BBC television programme a Letting Agent has been exposed as owing thousands of pounds to landlords and tenants for unpaid rents and deposits. Despite numerous attempts by all parties to recover the funds they still remain unpaid with very few avenues available to them.

In an industry that remains relatively unregulated and mainly relies on voluntary membership of trade and professional bodies, landlords and tenants may find themselves wondering who they can trust.

Luckily despite all the horror stories there are still plenty of good letting agents around which offer a high level of protection to landlords and tenants and with a little research a good level of service and security can be found.

At Philip Martin we are an independent firm made up of four Cornish Partners, two of which are members of the Royal Institution of Chartered Surveyors (RICS). As a result our business is regulated by the RICS which means that we are subject to very strict compliance and accounting regulations. In respect of tenants deposits and landlords rent, both of these are held in designated client accounts which are “ring fenced” and hence are not part of our business accounts. In the unlikely event of our business failing these funds are protected and are not available to any creditors. We carry out daily reconciliations of these accounts as well as submitting an annual client money return and in addition RICS carry out regular on site audits and compliance visits. Another requirement of RICS is that we have to hold mandatory Professional Indemnity Insurance and complete a minimum of 20 hours training known as Continuing Professional Development each year. All of our tenants deposits are protected by one of the three approved deposit schemes with the vast majority under the Tenancy Deposit Scheme (TDS).

Failure to comply with RICS bye laws can result in serious penalties ranging from fines for minor breaches right through to expulsion and even being banned from practicing for serious issues. As a result we take our obligations very seriously putting our landlords and tenants needs before our own and always providing the very best service that we can offer.

Obviously all of these measures are costly to implement on our part and to a degree are reflected in our fee structure which we still keep as competitive as possible. However there are always unregulated agents who are prepared to undercut our fees but as the saying goes “If it sounds too good to be true it probably is”.

For further information and advice on rental and property management issues call us on 01872 272716 or visit our website www.philip-martin.co.uk