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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.


Price is what you pay, value is what you get

Good income, good tenants and good service. That’s what landlords want, and it’s what we have been delivering for over 45 years now. Many agents claim to offer this, and sometimes for a small fee, but this unfortunately turns out not to be true most of the time. In recent months our Central Oxford office has helped out many landlords who had listed their properties with other agents who had quoted lower fees. Here are two examples:
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Business not as usual

 

It may feel an overstatement to describe 2019 as ‘extraordinary’, but it really has been an uncharacteristic year in terms of the Oxfordshire letting market. Across the county we’ve had weeks with lets into double figures followed by a week of little commitment from applicants. However, our letting teams continued to work hard to update and advise their landlords on a weekly basis, which has resulted in 627 lets this quarter – an increase of 4.7% on 2018. Here we look at trends from our eight offices across the county:
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Property Intelligence 2019

The 10th Annual Property Intelligence

Oxford University’s Mathematical Institute, September 2019

Since 2009 Finders Keepers has run an annual property seminar to educate and inform their clients about the latest trends and issues facing the property industry. This year we celebrated our 10th year of this flagship event, hosting at the impressive Mathematical Institute in Oxford.
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Lost in compliance fog?

Did you know that there are around 145 laws, and over 400 regulations that need to be followed to legally let a property in England1? Did you also know that, at present, anyone can operate as a letting agency without any qualifications or professional oversight?
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One Week To Go!

 

The name badges are being printed, the slides are being tidied up, the presenters are busy rehearsing…we are looking forward to welcoming over 175 people to the 10th Property Intelligence seminar on 11th September!

This annual seminar is intended to educate and inform our clients on the property market; Oxfordshire’s economy; legislative changes impacting
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Our charity of the year success story:

 

Our office in Summertown has been selling the book “It Never Rains in the Magic Wood” written by a local author. This has been a real success and the funds raised from sales of the book our charity of the year, Oxford Children’s Hospital, have manged to purchase a new robot for the school which is located within the Children’s Hospital.

Our Marketing team were delighted to have had the opportunity to visit the Children’s Hospital earlier this year. We had no idea that there were classrooms within the unit, and were very impressed by the way in which they accommodate and provide education to children with chronic illnesses. We were particularly impressed with the Telepresence robots and so we are very pleased that the book sales have enabled the hospital to purchase another.

More information about the robotic technology, in the words of Oxford Hospital:

‘They are Pioneering Technology’

When young patients can’t go to school because of chronic illness it can be devastating. Not only do they lose their interaction with mainstream education, but also their social relationships suffer too. But thanks to a pioneering project, the first of its kind in the UK, robotic technology is being used to keep children in touch with their teachers and classmates.

Telepresence robots allow their users to see, hear, move around and interact in real time with their classmates and teachers, despite not physically being there. The child operates the robot from their home or hospital bed, and can watch and take part in lessons through a camera and speaker. Classmates and teachers can see and speak to the pupil on a live screen feed, and the pupil can move the wheel-mounted robot around the school, between lessons and to the dinner hall, for example, to spend time with their friends.

After a successful pilot, two additional telepresence robots were purchased thanks to the support of Oxford Children’s Hospital Charity and two very special children’s books.

So far this year we have raised £6,262.10 and have more plans for fundraising over the next few months. We aim to raise £10,000 this year for Oxford Children’s Hospital.

Adapting produces better results than chance

At the time of going to print for our previous report we anticipated the outcome of the Brexit process to have been decided by now. While the air of caution has continued, we have also seen real decisiveness in pockets of the market. Aside from Brexit, we have seen some major changes to the market in Quarter 2 (April, May and June) with the introduction of the Tenant Fees Act. While it’s too early to tell whether this put moves on hold or whether rents will suddenly spike, we have noticed some interesting trends across our eight offices.


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