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May 7, 2021

300,000 property transactions fall through every year

first_imgSome 300,000 property transactions collapse every year costing vendors £2,700 on average or £400m a year, it has been revealed.These costs include conveyancing fees, local search costs and subsequent lower offers on a property.The shocking figures come from research by YouGov which also reveals that 20% of sellers experience a sale collapse, 12% incur costs of more than £5,000 and that six percent of all sales breakdowns are down to agents not being able to find a buyer.But the vast majority – two  thirds – of the deals that collapse are down to buyers pulling out because they find a better property or can’t get a mortgage before going to exchange of contracts. And 8% of failed sales were down to gazundering, YouGov says.Seller confidenceAnd while these problems may be regular fayre for agents’ sales progression departments, it is also taking its toll on the selling confidence in the market.YouGov says a third of home owners are put off selling their home because they’re unwilling to face the horrors of a property chain breaking down.Contained within the Annual Homeower Survey that the polling organisation carries out on behalf of the HomeOwners Alliance, the research also reveals that property transactions require six viewings on average to achieve a sale.“The home selling system is so unreliable it’s deterring homeowners from selling – adding to the ongoing housing shortage crisis as a lack of suitable homes is one of the barriers to people moving up the property ladder,” says Paula Higgins, Chief Executive of the HomeOwners Alliance (pictured).“Buyers need to have a little more skin in the game too. An earlier commitment – for example through reservation agreements – would go some way to avoiding these situations.”HomeOwners Alliance gazundering yougov May 14, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » 300,000 property transactions fall through every year previous nextHousing Market300,000 property transactions fall through every yearFailed sales cost vendors £400m in total or £2,700 each on average, latest YouGov research reveals.Nigel Lewis14th May 201801,469 Viewslast_img read more

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December 18, 2019

Africa is open for business

first_imgPresident Jacob Zuma opened the Tradeand Investment Conference andExhibition 2012 on Wednesday atSun City in the North West province.(Image: GCIS)MEDIA CONTACTS• Zanele Mngadi The Presidency+27 82 330 1148mediaclubsouthafrica.com reporterSouth African President Jacob Zuma opened the International Trade and Investment Conference in the North West province on Wednesday.High-profile local and international government and business representatives are attending the two-day event, under the theme The African Dialogue, which is underway at Sun City.In his speech, Zuma said that there would be no stopping the rise of Africa – six of the world’s 10 fastest-growing economies were now African and the continent had grown faster than East Asia in eight of the past 10 years.The text of the address follows below:Ladies and gentlemen,It is my honour to join you today at this 4th International Trade and Investment Conference hosted by our government through the Department of Trade and Industry.By being here, you are joining a remarkably diverse group of premier leaders in both government and industry, from across the world, to discuss the vast array of opportunities in Africa.There is no doubt that over the past decade, Africa has come from being the so-called ‘hopeless Continent’ to being a rising star.Profound changes have taken place which have brought about this turnaround.We can count the fact that Africa has come from being the notorious continent with 16 raging wars in 2002, to a continent which is fast achieving peace and stability.Around two thirds of governments in Africa are democratically elected, compared with just eight in 1991. The newest democratic states are Guinea Conakry, Niger and Cote d’Ivoire.The spread of peace and good governance is providing Africa’s entrepreneurs with the necessary conducive environment to promote themselves and establish their industries.They can now turn their ideas into major projects.These new developments are backed up by growth figures. According to the International Monetary Fund figures, region-wide GDP growth has averaged 5.5% from 2000 to 2010, more than double the rate we had in Africa during the 1980s and 1990s.It is remarkable that six of the world’s fastest ten growing economies were African. In eight of the past ten years, Africa has grown faster than East Asia.Naturally, we all want to see Africa’s growth acceleration being widespread and also fairly inclusive, with the poorest seeing significant improvements in their lives.Steady progress has also been made in education, health, sanitation, and in empowering women but as the progress with the implementation of the Millennium Development Goals shows, the continent has a long way to go. But it is good that progress is being made economically, as this will produce the resources we need to achieve economic growth and improve the quality of life.Ladies and gentlemen,As you can appreciate, we are standing in an incredibly privileged position today, where we can witness Africa’s epic comeback.We are all aware of Africa’s history. Many of us have even been closely intertwined with Africa’s struggles, pain and suffering. But today we can stand here and proudly watch Africa finally rising.There is no doubt that these are only the first rays of light, glorious Africa is yet to reveal itself.But despite all the good news, companies have been slow to enter Africa. Some executives are still missing the signals. Others question whether Africa’s surge is just the result of a one-off lift by the global commodities boom, or whether it is really a sustained economic take-off?“Will Africa continue to rise,” they wonder, as the Economist asked last year?The answer to this is widely found. I expect that over the next two days this question will be answered numerous times, each time giving the same answer. Yes, – undoubtedly yes. Africa will continue to rise.But what Africa needs, is to have her own people to believe this, and to spread this powerful positive message using all the tools and information at our disposal. We need Africans to stop being pessimistic about their continent, and to be the leading spokespersons and ambassadors.If we do not believe what we see and experience, the rise of our beloved motherland, why should the rest of the world?I challenge all Africans today to accept the fact that their continent is changing. They must release themselves from the shackles of self-doubt and celebrate these new developments.Many reports have been produced by reputable think tanks pointing to the rise of Africa.Some are busy studying what makes Africa finally succeed.In the 2010 McKinsey Global Institute report, which I suspect you are all aware of, Lions on the move: The progress and potential of African economies, it was found that natural resources explain only a part of the African story.It said natural resources account for just about a quarter of GDP growth from 2000 through 2008, while other industries, particularly manufacturing and services, contributed the rest.A further answer to the rise of Africa can be found in the current activities and developments taking place in Africa.Firstly, the African Union has taken a conscious decision about integration and to promote intra-African trade. Because of costly barriers, intra-African trade is unusually low. It averages 10%, which is less than half the level in other emerging market regions.Creating larger regional markets will increase specialisation and competition and boost manufacturing.A continental free trade area is being established.And at a regional level, the Tripartite Free Trade area, bringing together COMESA, SADC and the East African Community will create a market of 26 countries, with a population of about 600-million people and a combined GDP of R7.9-trillion (US$1-trillion). This augurs well for the economic future of these regions.Secondly, the infrastructure developments that have been undertaken in Africa will eliminate most of the hindrances to growth.It is widely known that Africa’s inadequate infrastructure is one of the main factors inhibiting trade, integration and economic development.It has been calculated that if the continent continues to narrow its infrastructure gap, economic growth will receive a further large boost – perhaps by as much as two percentage points a year.In view of this, the AU has set up the Presidential Infrastructure Championship Initiative, a continental committee of eight Nepad heads of state and government, to champion infrastructure projects at the highest level.South Africa is also chair and champion of the North-South Road and Rail Corridor project.This corridor cuts across eight countries in eastern and southern Africa and aims to facilitate trade by upgrading road, rail, power and port facilities. It also aims to simplify cross-border regulatory procedures. This will enable producers and traders to access regional and international markets more easily.The projects have already passed the feasibility studies phase and should be at the implementation phase by 2016.Encouragingly, Africa is now able to spend about R575-billion ($72-billion) a year on infrastructure, but there remains a R3.8-trillion ($480 billion) shortfall over the next decade to provide for unmet needs, particularly in water, power and transportation. There is much scope for private participation and investment in this area.Domestically, you would be aware of our own massive infrastructure development programme, which I announced in February this year.We are on course to spend billions of rand on infrastructure in the coming years, focusing on rail, roads, energy, water, sanitation and the communication sectors throughout the country.The plan also includes the building and refurbishment of universities, further education and training colleges, schools and hospitals. We have been working hard to unpack the projects and development implementation timelines.This week the three spheres of government are meeting to discuss implementation. The programme will change the South African landscape as it will boost job creation, improve access to basic services and boost the competitiveness of our economy. You will get details later today in this conference.I invite you to join us on this infrastructure journey and find areas in which you can participate.Thirdly, ladies and gentlemen, on why Africa is succeeding: Africa’s demographic composition is bound to fuel long term growth. In 2010, 42% of Sub-Saharan Africa’s population was younger than 14 years old.By 2050, the continent will be home to one in five of the planet’s young people and will have the world’s largest workforce of 1.2 billion. In that year, one in four workers in the world will be African, compared to one in eight from China, reversing today’s balance.While other regions rapidly age, Africa will enjoy a demographic competitive advantage of young, energetic and increasingly educated workers to power the continent’s services and manufacturing sectors.Finally, the growth of the information and communications technology sector in Africa has been phenomenal.The number of mobile phone users has multiplied 33 times to 316 million users since the year 2000.The internet is spreading around Africa at an even faster pace. These trends have strong positive effects on growth.For example, for every 10 new mobile phones per 100 people a country adds, GDP is likely to increase by 0.8 percentage points.Due to the lack of fixed line internet infrastructure, roughly 39% of mobile users access the internet via mobile. This has opened an entire new portal for assistance in health and education, in especially the most rural areas.Ladies and gentlemen, indeed Africa is rising, and the signs are there for all to see.What is left is for the business sector to grab the opportunity and reap the rewards of this growth, in a manner that promotes inclusive growth, and which creates decent work for the African people.Africa is indeed open for business.It is my pleasure to declare this Africa Dialogue Conference officially open!I thank you.last_img read more

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December 17, 2019

Nokia Phones to Aid Against Malaria Deaths

first_imgdana oshiro Why Tech Companies Need Simpler Terms of Servic… Tags:#health#NYT#web A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hosting “Cell counting is the main thing we have done,” Says Fletcher. “Additional things could include annotating an image to point out a problem or a question to be answered by a doctor at a central hospital.” If cell images are coupled with patient details and locations, the CellScope can help reduce disease-based death rates by guiding grassroots health workers in deploying resources, treating those affected and stopping the spread of disease across townships. For more mobile phone based health solutions, check out NetSquared’s list of projects. 8 Best WordPress Hosting Solutions on the Market This weekend millions of North American children diligently completed their homework, did their chores and stayed on their best behavior in the hopes that they’d attend Harry Potter and the Halfblood Prince in theaters. Meanwhile, half way around the world, thousands of children work for the magical protections of mosquito nets and running water. Their Voldemort is malaria. Between 1-3 million malaria deaths happen every year with the majority of the victims being young children in Sub-Saharan Africa. Nevertheless, thanks to the work of a Berkeley research team, help may be on its way. In so many malaria-endemic countries, the lack of health personnel, equipment and accessible hospitals are a major barrier in ensuring timely diagnosis. But Daniel Fletcher and his team at the University of California in Berkeley have modified a Nokia N73 phone in the hopes that it will alleviate resource issues and aid in early detection of malaria. With the N73 as the kernel, the team added a battery-powered LED lamp and a series of filters. The result is an extremely inexpensive portable microscope with the potential to detect malaria, sickle-cell anemia and tuberculosis from fluid smears. Microscopy-based detection of malaria is possible by taking a pinprick from a patient, smearing their blood onto a treated glass slide, and examining it under a microscope. Malaria parasites are detectable when they react to the treatment on the glass (Giemsa stain). According to a New Scientist article published this morning, the modified phone or “CellScope” makes it possible for field doctors to test for the disease as well as send their images to labs via a wireless network. Related Posts last_img read more

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December 1, 2019

State vows to fight for Ambedkar museum in London

first_imgThe State government on Friday said it would take all possible steps to stop the closing down of London memorial of Dr. B.R. Ambedkar through an appeal that has already been lodged against the local council’s decision to reject application to convert a residential property in to an official museum. This move comes after the Camden Council recently rejected an application by Indian authorities to convert this residential property into a museum, reportedly following complaints by locals who are not pleased with the throng of tourists on a quiet residential street. In February 2015, the Maharashtra Cabinet had sanctioned the purchase of the house at 10 King Henry’s Road in Northwest London as it was the residence of Dr. Ambedkar during his student days at the London School of Economics in 1921-22. Prime Minister Narendra Modi had visited the house in November 2015 during his U.K. trip. A statement issued by the Chief Minister’s Office on Friday said, “The Indian High Commission in London renovated the property on behalf of Maharashtra government after its purchase. All necessary procedure has been followed.” It has engaged Singhania & Co as solicitors and appointed planning experts to present the government’s side to the Independent Inquiry Panel of Camden, which will hear the appeal on September 24. “We are keeping a close watch on developments and are hopeful that we will be able to satisfy the local council on each and every objection raised,” it said. Meanwhile, opposition parties too have asked the government to take a strong stand and ensure that the memorial does not lose permission. Former Mumbai Congress president Milind Deora said he has written to Georgia Gould, leader of the Camden Council, appealing to “look in to the matter and grant necessary permissions required to maintain Dr. Ambedkar’s former residence as a museum”.“Dr. Bhimrao Ambedkar was not only the father of Indian Constitution but also one of the world’s most prominent social justice crusaders,” the letter said. The museum, he wrote, will serve as an important centre to educate future generations from around the world about Dr. Ambedkar’s struggle against discrimination. “It will also add a lot of value towards enhancing Camden’s tourism potential,” he said in the letter.last_img read more

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October 24, 2019

Alignment of Political Perspective Brings Projects to Fruition – PM Holness

first_img Prime Minister Holness said the new facility is an example of what can be achieved through collaboration from both sides of the political fence. Prime Minister Andrew Holness has highlighted that the alignment of political perspectives can bring about greater and faster success for the economy. Story Highlights The Prime Minister’s comments came today (Wednesday, September19) as he launched the FESTO FACT Training Centre at Caribbean Maritime University (CMU). Prime Minister Andrew Holness has highlighted that the alignment of political perspectives can bring about greater and faster success for the economy.The Prime Minister’s comments came today (Wednesday, September19) as he launched the FESTO FACT Training Centre at Caribbean Maritime University (CMU).Prime Minister Holness said the new facility is an example of what can be achieved through collaboration from both sides of the political fence.“Projects of this magnitude can only come to fruition when there is an alignment of political perspectives. These partnerships will ensure that capacity for Jamaica is secured in the area of Science, Engineering and Technology,” said Prime Minister Holness.In that regard, the Prime Minister indicated that the FESTO FACT centre is a dream that could not have been possible without many important partnerships and collaborations from the private and public sectors and academia.The CMU has partnered with the world-leading provider of Mechatronics training and certification and the FESTO which is one of the world leaders in industrial Automation to train and certify over 4000 learners per year.Prime Minister Holness said the partnership “is a historic achievement and a mammoth step in terms of education and modernization not only for Jamaica but also for the wider region”.Prime Minister Holness also said the Centre is unique in its establishment and represents the country’s goal.“The opening of this unique facility accurately represents and depicts our nation’s goal; our national outlook and our commitment as a country to develop our human resources so they are second to none and to develop our institutions so that they are modern and internationally competitive,” said Prime Minister Holness.In the meantime, Prime Minister Holness noted he hopes that the graduates of the centre will be instilled with analytical and creative habits of thinking and an aptitude for discernment and sound judgement that can guide them through a lifetime of achievement and success.“It is through equipping our human resources to be productive and competitive that we will attain the potential and will for positive growth and development,” said Prime Minister Holness.The Centre is the first of its kind in the English speaking Caribbean and will deliver international certification in Mechatronics and Automation to meet the changing needs of the engineering industry.last_img read more

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September 10, 2019

The Luxman P750u headphone amp is truly droolworthy


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September 5, 2019

Vidya Balan hosts new radio show Dhun Badalke Toh Dekho with Vidya


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August 19, 2019

Atout France marks 70 years of French tourism promotion in Canada

first_img Monday, October 23, 2017 TORONTO — The first France Tourism offices opened their doors in 1947 on Drummond Street in Montreal. Seven decades later the country attracts more than 85 million visitors, making it the most popular country for tourism in the world.In 2009 Maison de la France and ODIT France merged to create Atout France, the sole operator of the French State for development and promotion of tourism French tourism.Canada’s love of France has grown steadily over the years, says Atout France. From 1998 to 2008, trips with night stays have increased from 452,000 to 807,000. In 2014, a turning point was reached with 1,023.000 Canadian visitors to France.Despite the 2015 terrorist attacks that severely impacted France and the recent storm that caused major damages to Saint Martin island, France “stands tall”, says Mélanie Paul-Hus, the new Director for Atout France in Canada.Many more consumer campaigns and trade shows are scheduled in order to reconquer the heart of Canadian and international clientele, she adds.More news:  Beep, beep! Transat hits the streets with Cubamania truckAnd looking forward, notably to 2024, when the Olympic Games will return to Paris, the momentum that carries the tourism development of the country “is undeniable”, says Paul-Hus.For the Consul General of France in Toronto, Marc Trouyet, giving new impetus to the French tourism industry is a major priority of the Ministry of Europe and Foreign Affairs.The Government has set an annual target of 100 million international tourists by 2020, and expects revenues generated by tourism to reach 50 billion euros (approximately Cdn$76 billion) annually by the end of the decade. Travelweek Group Posted by Atout France marks 70 years of French tourism promotion in Canadacenter_img Share Tags: Atout France << Previous PostNext Post >>last_img read more

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August 9, 2019

Rep Bellino testifies on bill package to end driver responsibility fees

center_img Legislator says fees do nothing to improve driving skillslast_img

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August 7, 2019

Ono had attracted 34000 TiVo customers by the end


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