- Real estate agents are the most sleep deprived workers. According to a new survey, the average British estate agent doesn’t even get six hours of shut-eye each night, even lorry drivers and taxi drivers do better than that. Read more at theRatandMouse. And clink virtual coffee cups with stressed and sleepy agents everywhere!
- Wealthy move out of property to shelter in cash. A large number of GRI’s (gorgeously rich individuals) have been selling out of property holdings and piling into cash and fixed-income securities, according to new research. Property assets are becoming a much more minor part of the portfolio, reflecting the volatility in house prices. Read more at the FT.
- British landlords told to lower unrealistic rents. A rush of new rental instructions has left estate agents having to tell landlords to lower their rents, whilst some are even being turned away. Savills has stopped taking on new rental stock at its Canary Wharf office all together, and Knight Frank said up to 40% of its London rental properties were over-priced by 5-10% as landlords pushed for unrealistic rents. Read more at the FT.
- Private jet access with house. I'm getting addicted to incentives stories, most days I seem to be writing about the latest buy my house and get XYZ free trend. The latest incentive story seems to be lifetime membership of a private jet club with multiple free flights per year. The property in question is a £3.15 million six-bed home in Surrey, the vendor refuses to cut the price. As anyone working in real estate knows, if a property is priced right, it won't need any fancy incentives to lure in buyers. Read more at The Observer.
- Deven’s property listing at Trulia and Craigslist. On Friday I posted about the Floridian real estate agent who is selling her lurrrve along with her house, well now I’ve found the ads themselves if anyone wants a peek. They're here at Craigslist and Trulia.
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