Archive for the ‘General’ Category

Homeowners encouraged to up their asking prices

Wednesday, January 20th, 2010

Homeowners encouraged by the lowest stock levels for ten years have begun to increase their asking prices, property website Rightmove said today.

Optimistic sellers listing their properties in the New Year have been demanding 0.4% more than those who advertised in December.

According to Rightmove, the average asking price for UK properties fresh on the market is now £222,261, compared with £221,463 last month.

The property website said that an increasing number of buyers fighting for a very small number of properties has allowed sellers to jack up their asking prices as those looking for home removals strive to find a bargain.

‘The rise in asking prices is an early indicator that new sellers in 2010 have the confidence to try for a higher price,’ said Miles Shipside, Rightmove’s commercial director.

‘We are now seeing the lowest number of properties on the market this century.

‘Buyers have little choice in popular areas, and while this continues sellers have a window of opportunity to obtain a higher price and a speedier sale.’



Importance of good customer service highlighted by OFT research

Monday, January 11th, 2010

OFT research shows customers will return if a complaint is successfully and carefully handled, highlighting the importance for the highest levels of customer service and protection for both consumers and businesses.

New research published by the Office of Fair Trading (OFT) shows that making a complaint about an organisation can be stressful for British consumers. The research has been launched to mark the fifth anniversary of the first OFT Approved Code, which offers consumers the highest level of customer service and complaints procedures, should they need it.

The research showed that more than two thirds of consumers who have made a complaint found the experience stressful, and half of these consumers said that they were unhappy with the outcome. As a result, almost half would not choose to use the business again.

But despite this, the research shows that customer satisfaction was much greater where businesses had an easy to follow complaints procedure in place. In addition, nearly three quarters of British consumers who were satisfied with the outcome of their complaint said they would do business with the firm again suggesting that an effective complaints procedure can help businesses to retain customers.

The advice from consumer champion Lynn Faulds Wood is: “The average value of complaints is £934 – I recommend people get to know the OFT Approved Code sign and buy from companies where they should be less likely to have complaints as businesses in the Code scheme operate to higher standards.”

The Consumer Code of Approval Scheme (CCAS) is a series of codes that OFT has developed with industry bodies, such as British Association of Removers (BAR) on behalf of their members.

BAR members signed up to its Code commit to delivering the highest standards of customer service in the removals industry and to providing an easily-accessible and robust complaints resolution procedure when required. This means that when consumers do need to complain, the experience should be less stressful and time-consuming.



House prices to rise by around 2% early next year

Tuesday, December 22nd, 2009

House prices will edge up only slightly in 2010 amid continued economic uncertainty, the Royal Institution of Chartered Surveyors (RICS) predicts.

The average cost of a new home will be up by just 1% to 2% by the end of the year, RICS said. House prices to rise 1% to 2% in 2010, RICS says

However RICS also thinks that monthly home sales in the final quarter of the year will rise to around 70,000 from the current level of 55,000 to 60,000. It predicts that a shortage of homes available for sale will squeeze prices higher in the early part of 2010 so if you’re looking to buy, it might be worth calling the removals company sooner rather than later.

‘However, the combination of more available property and the beginning of the exit strategy from the big stimulus programs that have helped support the economy will gradually exert a greater influence,’ said Simon Rubinsohn, RICS chief economist.



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