The News

See it, Snap it. Home Search Redefined by Gilli Estate Agents.

Gilli, Fulham-based estate agency, has announced the launch of Property Tag, a unique property marketing application based on the cutting edge Microsoft Tag technology. Gilli’s Property Tag will deliver property details directly to buyers and perspective tenants through a simple action of scanning tag codes with their Smart Phones.

By downloading a tag reader home hunters would be able to capture tag codes using smart phones such as Balckberry, Android and iPhone and instantly receive all particulars of advertised homes onto their phones. Gilli will integrate Property Tag into existing marketing campaigns in local newspapers and magazines, on ‘For Sale’ and ‘To Let’ boards, video ads and websites. As a result, prospective property buyers and tenants in Fulham, Chelsea, Battersea, Kensington areas would be able to get information about homes when they want it and where they want it, with full property details at their fingertips, including photos, floor plans, location maps and property descriptions.

Gilli Estate Agents is the first agency in London and one of the few in the country who have introduced this type of technology. We view Property Tag as a significant step in the development of modern estate agency and invaluable tool which improves efficiency and effectiveness of two-way communication with consumers.

In a highly competitive market, the successful estate agents are going to be those who are the fastest at delivering property information to prospective buyers and tenants and Property Tag gives Gilli advantage in this area. The application fits well into Gilli business model and underlines our philosophy of using the latest technology to deliver an excellent service offering the best value for money to our customers.

 
House prices up again PDF Print E-mail
Thursday, 10 September 2009 12:32

 House prices rose by 0.8% in August according to the latest Halifax House Price Index.

The Index shows that:

• House prices increased by 0.8% in August. This was the second successive monthly rise and the fourth in the first eight months of 2009.

• Prices largely unchanged over the first eight months of 2009 as a whole. The average house price in August was £160,973 compared to £160,861 in December 2008.

• Prices in the three months to August compared to the previous three months were 1.7% higher. This is the biggest increase on this underlying basis since July 2007.

• House prices in August were 10.1% lower on an annual basis. The annual rate of change (measured by the average for the latest three months against the same period a year earlier) improved for the fourth successive month and has fallen from -17.7% in April. It is at its lowest since July 2008 (-8.8%).

• The proportion of disposable earnings devoted to mortgage payments – a key affordability measure - has fallen significantly over the past 21 months. Nationally, typical mortgage payments for a new borrower have fallen from a peak of 48% of average disposable earnings in 2007 Quarter 3 to 29% in August 2009. Notably, mortgage payments relative to earnings are now below the long-term average of 35% recorded over the past 25 years.

Commenting, Martin Ellis, housing economist, said: "The average UK house price rose by 0.8% in August. This was the second successive monthly increase and the fourth in the first eight months of 2009. Overall, house prices nationally are very similar to the level at the end of last year.

“Demand for housing has increased since the start of the year due to better affordability and low interest rates. This, together with low levels of property available for sale, has boosted house prices over the last few months.”

Source: Mortgage Introducer
Last Updated on Thursday, 10 September 2009 12:37
 


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