UK Real Estate | Sloane International Developments

SloaneInternational Development

TheOFT report found “surprisingly little innovation” in relation to the traditional

model of selling property. The OFT noted, however, that this may reflect the

preferences many consumers express for personal, face-to-face contact with an

estate agent.As above, the dominant model was the traditional estate agent with a high street

presence retained by the seller and paid a fee on completion based on a percentage

of the achieved price. The OFT had expected to see estate agents looking to cut

costs by shifting more of their operations online. While some traditional estate

agents had set up virtual offices, it was not yet common practice at that time.

 Another striking feature of the market was the homogeneity of the service offering.

Most estate agents offered broadly the same package of services – valuation,

production and distribution of marketing material, accompanied viewings, and

negotiation – at broadly the same price, one to two per cent of the achieved sale

price.With the heterogeneity among sellers, the market study found it surprising that

there was not greater variety in terms of service offered or greater use of menus of

services with the buyer deciding which parts of a package to buy. Similarly, it was

surprising that a single form of contract flat percentage commission – dominated

the market. Sloane, a Real Estate company, is a global leader in property services. In the United Kingdom, we provide occupiers and investors around the world with industry leading, end-to-end property solutions. In addition, our award winning research and consulting services provide our clients with global and local market knowledge, forecasting and trend analysis to make the best long-term decisions for their continuous success far into the future.From our origins in 18th century England to a 21st century global operation, sloane has enjoyed a reputation for excellence providing leading-edge property insight and on-the-ground delivery to investors, developers, corporate and public sector occupiers and financial intermediaries.

The sloaneglobal team is united by a single focus – to deliver our clients exceptional service, rooted in a deep understanding of their needs and a commitment to theirlong-term success.

We serve our clients across the breadth of their real estate needs. We are always frank in our advice, taking a stand in our clients’ interests, and we are relentless in delivering value for our clients as we move from advice to action.

London Property | Sloane International Developments

Sloane International Development

In 2007 there were 1.6 million residential property transactions in the UK with a total

value of £361 billion. The economic downturn has seen a sharp decline in the

number of homes being bought and sold. Transactions fell considerably up to 2009

and only recovered slightly to 884,000 in 2011.3

There are approximately 14,000 traditional residential estate agent offices in the

UK.4. The traditional estate agency market, excluding fees for ancillary services,

worth approximately £4.2 billion in 2007, falling to £2.1 billion in 2008, mainly

because of the large drop in transactions. Virtually all estate agents have an online

presence and most also market their property details through one of the major. The market for home buying and selling is still dominated by traditional estate agents. Research carried out for the OFT market study found that at that time 87 per

cent of sellers used a traditional estate agent, a similar proportion to those surveyed

in an earlier 2004 study. This proportion had increased from the position in 1979

when the then Price Commission surveyed sellers and found that just 73 per cent

used an estate agent, while 25 per cent of homes were sold privately. In their more

recent work, the OFT found that 11 per cent of sellers sold privately while auctions

were very rarely used, at least for private individuals selling their own home. Onlineonly estate agents were still at the fringe of the market, with only two per cent of

sellers choosing to use one. There now appear to be approximately 20 online-only

estate agents and fewer than 30 private sale portals; from feedback received, the

number of private sale portals is decreasing and their geographical reach is rather

limited. Online-only estate agents offer traditional estate agent services to

consumers but operate without high street premises. Private sales portals provide a

platform for private sellers to display property details, some provide information

about the buying and selling process and some provide tools to allow the buyer to

communicate with the seller. Sloane, a Real Estate company, is a global leader in property services. In the United Kingdom, we provide occupiers and investors around the world with industry leading, end-to-end property solutions. In addition, our award winning research and consulting services provide our clients with global and local market knowledge, forecasting and trend analysis to make the bestlong-term decisions for their continuous success far into the future.

From our origins in 18th century England to a 21st century global operation, sloane has enjoyed a reputation for excellence providing leading-edge property insight and on-the-ground delivery to investors, developers, corporate and public sector occupiers and financial intermediaries.

Thesloane globleteam is united by a single focus – to deliver our clients exceptional service, rooted in a deep understanding of their needs and a commitment to theirlong-term success.

We serve our clients across the breadth of their real estate needs. We are always frank in our advice, taking a stand in our clients’ interests, and we are relentless in delivering value for our clients as we move from advice to action.

UK Real Estate | Sloane International Developments

Sloane International Development

As part of the Disruptive Business Models theme of the Government’s Red Tape

Challenge process which seeks to ensure that our regulatory system is fit for

 The regulatory framework for home buying and selling

purpose, and is not holding back disruptive new companies,

 a targeted

consultation of interested parties was undertaken between 8 June and 10 Aug

2012 on whether the EAA should be amended to clarify its scope. The proposal

to exempt intermediaries such as private property sale portals which act only as

vehicle for contact between seller and buyer and which neither provide advice nor

handle client’s money (“passive intermediaries”). Over 400 responses were

received from 271 organisations and individuals including traditional estate agents,

private sales portals, trade and professional bodies, representatives of Local

AuthorityTrading Standards and consumer bodies.

 list the proposal related to the EAA, it also took into account how the EAA bears

on other legislation which incorporates the definition of estate agency work from the

EAA. In particular, the PMA applies to estate agents under the EAA definition

(although see below). Other more general regulations such as the Money Laundering Regulations 2007 (the MLRs) apply to estate agents under the EAA.

definition.

 In addition to inviting responses to the proposal, discussions were held during the

consultation period with traditional estate agents, private sale portal businesses and

representatives of consumer organisations, Local Authority Trading Standards

Services (LATSS), the National Association of Estate Agents, the National Federation

of Property Professionals, the Royal Institute of Chartered Surveyors, the Property

Ombudsman and the OFT. Sloane, a Real Estate company, is a global leader in property services. In the United Kingdom, we provide occupiers and investors around the world with industry leading, end-to-end property solutions. In addition, our award winning research and consulting services provide our clients with global and local market knowledge, forecasting and trend analysis to make the best long-term decisions for their continuous success far into the future.

From our origins in 18th century England to a 21st century global operation, sloane has enjoyed a reputation for excellence providing leading-edge property insight and on-the-ground delivery to investors, developers, corporate and public sector occupiers and financial intermediaries.

The sloaneglobal team is united by a single focus – to deliver our clients exceptional service, rooted in a deep understanding of their needs and a commitment to theirlong-term success.

We serve our clients across the breadth of their real estate needs. We are always frank in our advice, taking a stand in our clients’ interests, and we are relentless in delivering value for our clients as we move from advice to action.

UK Real Estates | Sloane International Developments

              Sloane Development

In the United Kingdom, The Crown is held to be the ultimate owner of all real property in the realm. This fact is material when, for example, property has been disclaimed by its erstwhile owner, in which case the law of escheat applies. In some other jurisdictions real property is held absolutely.

English law has retained the common law distinction between real property and personal property, whereas the civil law distinguishes between "movable" and "immovable" property. In English law, real property is not confined to the ownership of property and the buildings sited thereon – often referred to as "land." Real property also includes many legal relationships between individuals or owners of land that are purely conceptual. One such relationship is the easement, where the owner of one property has the right to pass over a neighboring property. Another is the various "incorporeal hereditaments," such as profits-à-prendre, where an individual may have the right to take crops from land that is part of another's estate.

English law retains a number of forms of property which are largely unknown in other common law jurisdictions such as the advowson,chancel repair liability and lordships of the manor. These are all classified as real property, as they would have been protected by real actions in the early common law.

Land use, land valuation, and the determination of the incomes of landowners, are among the oldest questions in economic theory. Land is an essential input (factor of production) for agriculture, and agriculture is by far the most important economic activity in preindustrial societies. With the advent of industrialization, important new uses for land emerge, as sites for factories, warehouses, offices, and urban agglomerations. Also, the value of real property taking the form of man-made structures and machinery increases relative to the value of land alone. The concept of real property eventually comes to encompass effectively all forms of tangible fixed capital. with the rise of extractive industries, real property comes to encompass naturalcapital. With the rise of tourism and leisure, real property comes to include scenic and other amenity values.

Starting in the 1960s, as part of the emerging field of lawand economics, economists and legal scholars began to study the propertyrights enjoyed by tenants under the various estates, and the economic benefits and costs of the various estates. This resulted in a much improved understanding of the:

sloane is the leading independent, global real estate consultancy providing an integrated prime commercial and residential offering, operating in key hubs across the globe.

Headquartered in London with 370 offices, employing more than 13,700 professionals and spanning five continents, Knight Frank provides the highest standards of quality and integrity in global residential and commercial property advisory services. Our reputation for uncompromising professionalism in everything we do is earned by serving our clients and earning their trust.

Sloane International Developments | UK Properties For Sale

 Sloane Development

Estates may be held jointly as joint tenants with rights ofsurvivorship or as tenantsin common. The difference in these two types of joint ownership of an estate in land is basically the inheritability of the estate and the shares of interest that each tenant owns.

In a joint tenancy with rights of survivorship deed, or JTWROS, the death of one tenant means that the surviving tenant(s) become the sole owner(s) of the estate. Nothing passes to the heirs of the deceased tenant. In some jurisdictions, the specific words "with right of survivorship" must be used, or the tenancy will assumed to be tenants in common without rights of survivorship. The co-owners always take a JTWROS deed in equal shares, so each tenant must own an equal share of the property regardless of his/her contribution to purchase price. If the property is someday sold or subdivided, the proceeds must be distributed equally with no credits given for any excess than any one co-owner may have contributed to purchase the property.

The death of a co-owner of a tenants in common (TIC) deed will have a heritable portion of the estate in proportion to his ownership interest which is presumed to be equal among all tenants unless otherwise stated in the transferdeed. However, if TIC property is sold or subdivided, in some States, Provinces, etc., a credit can be automatically made for unequal contributions to the purchase price (unlike a partition of a JTWROS deed).

Real property may be owned jointly with several tenants, through devices such as the condominium, housing cooperative, and building cooperative.

Bundle of Rights: Real property in unique due to the fact that there are multiple "rights" associated with each piece of property. For example, most  jurisdictions recognized the following rights: right to sell, right to lease, right to acquire minerals/gas/oil/etc. within the land, right to use, right to possess, right to develop, etc. These multiple rights are important because the owner of the real property can generally do what he/she chooses with each right. For example, the owner could choose to keep all the rights but lease the right to dig for oil to an oil company. Or the owner could choose to keep all the right but lease the property to a tenant. In other words, the owner can elect to keep and/or lease and/or sell the rights to his/her land.

sloane is the leading independent, global real estate consultancy providing an integrated prime commercial and residential offering, operating in key hubs across the globe.

Headquartered in London with 370 offices, employing more than 13,700 professionals and spanning five continents, Knight Frank provides the highest standards of quality and integrity in global residential and commercial property advisory services. Our reputation for uncompromising professionalism in everything we do is earned by serving our clients and earning their trust.