Log In

Subscribe

PrimeResi is the journal of luxury property; the leading news, insight & opinion resource for the UK’s prime residential sector.

Published online daily, and in print quarterly.

Required reading for: luxury developers, buying agents & property finders, high-end estate agents,real estate investors,  and anyone professionally involved in the luxury property sector.

Find out more about monthly, annual and corporate subscription packages here.
 

Search Tools

Search by Article Type

Search by Location

Search by Month


Search Everything

Translate

PrimeResi Directory

Who to know; who to recommend; who to call...
A directory of the prime movers at the top of the property market.

Featured Listings

Showing 1 - 7 of 436 results

Visit the main Directory page here

Appointments

The home of luxury property careers

Latest Opportunities

RSS ____________________________

  • Head of Marketing
    “This is a unique opportunity to join a dynamic and effective team and help one of England’s leading public bodies achieve its important mission.” Full details and how to apply here
  • Negotiator
    Carter Jonas is recruiting for a Lettings Negotiator to join its Knightsbridge and Chelsea office. Full details and how to apply here
  • Negotiator
    Based in our Virginia Water office, the Residential team are recruiting for a Negotiator. Full details and how to apply here
  • Lettings Negotiator (Maternity Cover)
    Ashdown Marks are looking for someone who takes pride in their work, is organised and committed to delivering the highest level of service to tenants and landlords The role will involve: 1. Proactively researching the local market and establishing ways to develop a competitive advantage through local networking. 2. Ensuring that legal tenancy agreements are
  • Senior Sales Negotiator/Associate
    Chestertons is recruiting for a Senior Sales Negotiator to join its Westminster office. Full details and how to apply here
  • Development Surveyor (Associate Partner)
    An opportunity has come up to join the Carter Jonas London Development Team. Full details and how to apply here
  • Sales Manager
    Knight Frank’s City and East Residential Development team are looking for a Sales Manager to run one of the most prestigious development sites in the country. Full details and how to apply here
  • Senior Sales Negotiator
    Due to an internal promotion, an opportunity now exists for a Senior Sales Negotiator to join this leading brand in one of their Country Sales offices, covering Haslemere and the surrounding areas. Full details and how to apply here
  • Senior Sales Negotiator
    An opportunity has arisen for a highly experienced senior sales negotiator to join this high profile London estate agency with an excellent location and enviable market share in their Kensington office. Full details and how to apply here
  • Account Executive/Senior Account Executive/Account Manager
    We are an award-winning property and travel PR agency with offices in Richmond, south west London, and have a position available for an Account Executive/Senior Account Executive/Account Manager. We are looking for a smart and organised go-getter to assist with our portfolio of accounts that includes international and UK property developments, hotels, resorts and tourist

Free email newsletters

Please let us know which email address you would like newsletters to go to, and how often you would like to be kept updated.

* indicates required
Which newsletters would you like to receive?

Already signed-up? You can change your preferences by clicking the "Update your email newsletter preferences here" link at the bottom of the latest Bulletin or Briefing you received from PrimeResi.com. Or just put your email in again above and follow the links...

PrimeResi Quarterly Journal

The handbook of the luxury property industry

Click on the cover to find out more

PRQ7

Paper Fail: ‘If tax doesn’t kill the market, red tape will’

“If tax doesn’t kill the market, red tape will,” growls Alan Page, as a deal becomes mired in an absurd paperwork swamp. As the rather derisory offer for our...

“If tax doesn’t kill the market, red tape will,” growls Alan Page, as a deal becomes mired in an absurd paperwork swamp.

As the rather derisory offer for our house stutters somewhat lifelessly towards a still very unpredictable conclusion, it’s no longer Osborne’s rip-off tax-take that’s likely to kill it. It’s the unbelievable volume of red tape.

Like most things, property has become mired in a bog of meaningless paperwork designed, apparently, to protect a feckless population from its own common sense.

Obtaining a mortgage is now a Kafkaesque farce (or should that be nightmare). Even successful city types with bonus-pots to die for face a wall of inane enquiries utterly irrelevant to their ability to maintain the monthly repayments. These are people who on a daily basis probably invest multiple millions, but are not trusted to know their own position well enough to borrow even a relatively small percentage of a property’s value.

Things may have been in need of a slight tightening after the “crash”, but this is murderous strangulation.

When it comes to the property itself, the level of paperwork sought by ever more zealous lawyers is bordering on the insane.

I would not be in the least surprised to be asked to guarantee my buyer’s happiness in the house.

Asked for a warranty on the whole heating system (bear in mind that this is a small, two bed house) I simply replied – yes, I guarantee that it has one.

I’ve heard of insulating a property, but now it seems the buyer must be insulated too – from every known risk, every known potential problem, every known unknowable.

We have supplied planning permissions, building regs certification, electrical safety certification, gas safety certification… and still the requirements keep coming in.

“Did you have Conservation Area permission to replace the roof?”. Well, you pointless box-ticking robot, I’ve given you a ten year roof guarantee and, if we hadn’t replaced it, the thing would probably have collapsed on your buyer’s head. So, what would you prefer? I bit of A4 paper, or a rather beautiful new roof?

In truth, our transaction is not remotely complex or fraught with too many problems. There is absolutely nothing that a conversation face-to-face between myself and the buyer could not iron out.

But no, that’s simply not the “done thing”. So we’ll keep bouncing bits of digital paperwork around the global servers of Google until some sort of conclusion is finally reached.

What that will be I have absolutely no idea. And it certainly doesn’t come with a guarantee.

kafka groven

Image by Harald Groven: Author Franz Kafka and sociologist and founder of bureacuracy research Max Weber (CC by SA 2.0)

Catch up on all the latest from the Doer Upper (a.k.a. Alan Page) at his blog here, or follow him on Twitter @beachcomberpage

The views of contributors are not necessarily those of PrimeResi or its publishers.

Sections
- Opinion -Editors' ChoicePolicy
The Autumn Journal
Media Partner
SHARE THIS ARTICLE

MORE STORIES

PrimeResi Cookies Policy

Our website uses cookies to improve your experience. By continuing to use this site, you are essentially agreeing to this. Please visit our Terms & Conditions page for more information about cookies and how we use them.