GLNG JV commissions gas compression facility at Roma East project in Australia

first_img Image: The Roma East project will recover CSG from acreage situated north-east of Wallumbilla. Photo: courtesy of Michal Jarmoluk from Pixabay. Australian LNG firm Santos-led Gladstone Liquefied Natural Gas (GLNG) joint venture (JV) announced that the A$750m (£411.1m) Roma East natural gas development project in Queensland, Australia, is now fully operational with the commissioning of the natural gas compression facility.First gas from the Roma East field flowed earlier this year and the latest move marks a significant milestone in the project development.The Roma East greenfield project will recover coal seam gas (CSG) from acreage situated north-east of Wallumbilla.The recovered CSG will be exported through a remote Nodal Compressor Station (R-NCS-01) to the existing Roma Hub 02 and through to the GLNG Plant on Curtis Island.In addition to Santos, GLNG JV comprises Petroliam Nasional Berhad (Petronas), Total, and Korean Gas Corporation (KOGAS).Roma East Project to deliver 50PJ of additional gas production each yearSantos CSG developments vice-president Rob Simpson said: “The compression facility is now taking gas from the 200 new wells which have been brought online since the start of construction.“Production from Roma has been building nicely and is now about 118 TJ. I am particularly pleased that we were able to bring forward the expansion of 3G and 4G telecommunication services at Summer Hills.“This has fixed significant black spots in the country north of Wallumbilla and along the Warrego Highway, benefiting local residents.”The project, which is currently under development, is expected to add around 50 petajoules (PJ) a year to gas production in Queensland in 2020.The project involves bringing 480 wells online, drilling of 430 new wells which connect the existing appraisal wells, and includes 420km of water, gas gathering and other pipelines, 120 TJ per day of additional compression, 670km of power lines, 25km of fiber optic cables and a new water-handling facility for irrigation.Since 2011, Santos and GLNG partners have invested almost A$20bn (£10.9bn) in regional Queensland.Earlier this year, Santos secured approval for an environmental management plan (EMP) for the Tanumbirini 2H and Inacumba 1/1H wells in Exploration Permit 161 in the McArthur Basin.Exploration Permit 161 is located approximately 350km south-east of Katherine in the McArthur Basin, east of Daly Waters. Santos is the operator of the permit with 75% interest. Santos-led GLNG JV’s Roma East natural gas development project in Queensland is fully operational last_img read more

Hermitage Offshore Services announces sale of two anchor handling tug supply vessels

first_img Hermitage Offshore Services announces sale of two anchor handling tug supply vessels. (Credit: Pete Linforth from Pixabay) Hermitage Offshore Services Ltd. (NYSE:PSV) (“Hermitage Offshore,” or the “Company”) announced today that it has sold its two anchor handling tug supply vessels (the “Transaction”).The Transaction was consummated when one of the Company’s direct wholly owned subsidiaries (the “Seller”) sold the Seller’s two special purpose companies (together the “Owners”), each of which owned an anchor handling tug supply vessel, to an unrelated third party (the “Buyer”).The consideration for the Transaction consisted of the unconditional release of the Seller of all of its obligations under the $9.0 million term loan facility between the Owners, as borrowers and  DVB Bank SE, as lenders, facility agent and security agent in exchange for the transfer of all the shares of the Owners  (including the Owners’ related working capital) to the Buyer.  Following the Transaction, there is no outstanding liability of the Company or its subsidiaries under the $9.0 million term loan facility with DVB Bank SE.  The Company expects to record a loss of approximately $4.0 million as a result of the Transaction.The Company’s Board of Directors unanimously approved the Transaction. Source: Company Press Release The Company’s Board of Directors unanimously approved the Transactionlast_img read more

Pin Oak Midstream acquires assets from Laurel Mountain Midstream in NW Pennsylvania

first_imgThe transaction adds to Pin Oak Midstream’s growing asset base within the Appalachian Basin Pin Oak Midstream acquires assets from Laurel Mountain Midstream in NW Pennsylvania. (Credit: Michal Jarmoluk from Pixabay) Pin Oak Midstream LLC (“Pin Oak Midstream” or the “Company”), a wholly owned subsidiary of Pin Oak Energy Partners LLC, announces the closing of a transaction with Laurel Mountain Midstream LLC (“LMM”), a joint venture between Williams Laurel Mountain, LLC and Chevron Northeast Upstream LLC, to acquire LMM’s Jackson Center assets (“Jackson Center”). Jackson Center includes over 1,050 miles of natural gas gathering pipelines and five (5) gathering compressor stations with a gathering capacity of over 50 MMcf/d and multiple interstate pipeline interconnects (both National Fuel Gas and Tennessee Gas Pipeline) with total interconnect capacities of almost 100 MMcf/d. The transaction adds to Pin Oak Midstream’s growing asset base within the Appalachian Basin.Brent Breon, President of Pin Oak Midstream LLC and Chief Commercial Officer of Pin Oak Energy Partners LLC, stated, “These assets in Mercer, Lawrence, and Crawford counties of Pennsylvania are a great fit to our expanding footprint and further bolster the Company’s midstream assets in the oil and wet gas windows of the Utica play in northwestern Pennsylvania. The Jackson Center assets currently gather conventional and unconventional gas from third party operators in the area and will allow Pin Oak Energy to connect and produce Utica wells currently waiting on pipelines. Additionally, Pin Oak remains committed to our ongoing efforts of executing our growth strategy through acquisitions even during these difficult times.”Pin Oak Midstream’s Appalachian Basin position consists of nearly 1,200 miles of pipeline assets; 13 interstate pipeline interconnections; gathering, processing and transportation dedications on more than 150,000 dedicated net deep acres (Marcellus and Utica) and current flowing volumes more than 15 MMcf/d. Source: Company Press Releaselast_img read more

Stamp Duty change whips up a storm

first_imgREPORT HEADLINESRightmove: “Buy-to-let ignites chain reaction, driving prices to record high.”NAEA: “Glimpse of light at end of the tunnel for first time buyers.”RICS: “Buyer demand contracts as April Stamp Duty deadline passes.”Nationwide: “Annual pace of house price growth moderates in April.”Halifax: “Annual house price growth eases to 9.2 per cent.”LSL Acadata HPI: “London house prices break through the £600k barrier.”Hometrack: “City level house price inflation accelerates as investors rush to beat stamp duty deadline.”Land Registry: “The annual price change now stands at 6.7 per cent.”LATEST NATIONAL MARKET MOVEMENTSKate says: Well Mr Osborne and Mr Carney… that didn’t go quite according to plan! The rationale for the introduction of the new 3 per cent Stamp Duty for second home owners, especially aimed at buy-to-let investors, was to reduce the impact of a potential ‘bubble’ in house prices, which would worsen the effect of a recession on house prices in general. Instead, what appears to have happened to date is succinctly put by the CML, “The distortion caused by this stamp duty change appears to be larger than any previous stamp duty change we’ve seen.” Oops! As we can see the price growth (bar Halifax) pretty much caused, albeit in the short term, exactly what it was supposed to have prevented!The distortion caused by this stamp duty change appears to be larger than any previous stamp duty change that we have seen.However, it was all pretty good news for the industry with transactions being more of a driver of performance than property prices. According to Nationwide, “There were 165,400 transactions in March, an all-time high, some 11 per cent higher than the previous peak of c149,000, recorded in January 2007.”And it doesn’t seem to be having a tremendously bad effect on April’s sales, in fact in some regions landlords are now coming to them, moving away from London/South to invest, as stamp duty bills are lower, while others are using the 3 per cent stamp duty hike as an opportunity to negotiate money off the purchase. So far, so good for the industry, although the treasury will benefit from extra funds to invest in first time buyer initiatives, it doesn’t appear to have dampened investors’ enthusiasm to purchase more property.However, a slowdown may just not have filtered through the figures yet, as the Halifax reports that confidence in the UK housing market “is at its lowest level in over a year.” (Halifax Housing Market Confidence Tracker).REGIONAL PRICE DIFFERENCESRICS: “Most parts of the UK report price increases with London and the North of England the only exceptions. London reported a second, albeit modest monthly decline, while prices in the North of England remained broadly unchanged.”LSL Acadata HPI: “London led the way this April, with the value of the average home in the capital breaking through the £600,000 barrier. The average house price in London has almost doubled over the past seven years, up from £321,917 in April 2009.“This is the first time nine regions have broken records in the same month since October 2007 at the height of the boom – as the market has now fully recovered from the crash.”Hometrack: “The highest increase in house prices in the last quarter was recorded in Liverpool as prices rise off a low base, closing the gap to other major cities such as Manchester and Leeds where house price growth is running at over 7 per cent per annum – the highest year on year growth since 2007.”Land Registry: “The region with the most significant annual price increase is London with a movement of 13.9 per cent. The North East saw the only annual price fall with a movement of -0.7 per cent. Yorkshire & the Humber saw the most significant monthly price decrease with a movement of -2.6 per cent.”Kate says: Never before have I seen a time when the agent is crucial in determining the value of a property, for me, their local expertise is essential. This is good news for the agents that can market this knowledge to their advantage.”LSL ACADATA HPIHeat Map of the annual change in the average house price, by region, March 2016DEMAND FOR PROPERTYNAEA: “Sales to first time buyers (FTBs) increased in March, with 28 per cent of total sales made to the group; an increase from February, when 24 per cent of sales were to FTBs. The number of sales agreed on average per branch increased in March, rising from nine last month to 10 this month.”RICS: “New buyer enquiries declined during the month, with the fall widespread across the UK and only Scotland and East Anglia seeing some modest growth. While reduced demand from buy to let and second homes appears to have been the main cause of this fall, it may also reflect some uncertainly beginning to enter the market in the run up to the UK’s referendum on its EU membership.”Nationwide: “There was a surge in the number of residential property transactions in March ahead of the introduction of the additional stamp duty levy. There were 165,400 transactions in March, an all-time high, c11 per cent higher than the previous peak of c149,000 in January 2007.”Agency Express: “National data recorded by the Property Activity Index revealed a decline in properties ‘sold’ with figures falling by -1.5 per cent. Across the UK the regions recording the largest month on month increases included the South East +4.6 per cent, East Anglia +3.5 per cent, Wales +3.1 per cent, Yorkshire & Humber +2.3 per cent and North West +1.7 per cent.”Bank of England: “The number of loan approvals for house purchase was 71,357 in March, broadly in line with the previous six months.”BBA: “Gross mortgage borrowing of £17.1 billion in March was 64 per cent higher than a year ago and the highest borrowing since April 2008 following a reported sharp increase in purchase of buy-to-let and second homes, ahead of the increase in stamp duty. The number of mortgage approvals in March was 20 per cent higher than a year ago; remortgaging up 25 per cent and house purchase up 14 per cent.”Land Registry: “In October 2015 to January 2016, sales volumes averaged 74,374 transactions per month, an increase from the same period a year earlier, when sales volumes averaged 73,744 per month.”Kate says: Most of the indices this month point to a change in demand in the market place following one of the biggest transaction months for some time in March. Rightmove talks about far more people ‘trading up’ and there is an expectation and some evidence from the NAEA that first time buyers are seizing on the idea that less buy to let investors are buying, and coming back to see what the competition to buy is like. However, so far there doesn’t seem to be a substantial fall in buy to let investors and in some cheaper areas some agents are reporting more enquiries.SUPPLY OF PROPERTYNAEA: “The number of properties available soared by 54 per cent in March to 54 per branch – up from 35 in February.”RICS: “Supply conditions remain tight with 8 per cent more surveyors reporting a fall in new instructions to sell rather than a rise. This decline was quite widespread with the majority of areas seeing a decrease in the number of new properties coming onto agents’ books.”Agency Express: “After a slowdown during March, April’s property market bounced back with national new listings ‘for sale’ figures rising by 8.2 per cent. Across the rest of the UK, nine of the twelve regions recorded reported increases in new listings ‘for sale’ with the South East reporting their largest increase in new listings up by 25.3 per cent. The other regions recording the largest month on month increases include London +16.1 per cent, Yorkshire & Humber +12.4 per cent, South West +10.8 per cent and Wales +10.7 per cent.”Kate says: Mixed indices feedback this month, with the NAEA suggesting a surge in March of 54 per cent for stock per branch and Agency Express seeing huge growth in London and the South East, although sold numbers were down a bit. The RICS however, reports the opposite, with a rise in the number of surveyors saying new instructions have fallen, although this could be due to the huge rises experienced in March/early April, and supply has fallen back since.The good news too is that the HBF are working more transparently with the government and local authorities to help reach the target of one million more homes by 2020. Now, therefore, new build has to be a core part of any agent’s strategy.”Kate Faulkner, Property Market Analyst and Commentator www.propertychecklists.co.uk Email: [email protected] Telephone: 01652 641722market movements property taxation kate faulkner property indices regional price differences stamp duty supply of property taxes demand for property June 27, 2016The NegotiatorWhat’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 » Stamp Duty change whips up a storm previous nextRegulation & LawStamp Duty change whips up a stormDesigns on Property tracks and summarises the monthly property indices. Kate Faulkner says, “Even the higher taxes haven’t dampened investors’ enthusiasm.”Kate Faulkner27th June 20160666 Viewslast_img read more

Fees complaint to ASA highlights new ‘hybrid’ landlord

first_imgThe Advertising Standards Authority (ASA) today published a complaint about Ace Relocations, a hybrid HMO landlord that offers professional renters in London rooms within shared properties and blocks of flats and calls itself a ‘house share company’.The complaint was about an advert that the company had place on Spareroom.com, which stated that all bills were included and a cleaner provided. The ASA considered that the advert was likely to have breached its advertising code because “it does not make it clear that the cleaner, and some other costs, are not included in the monthly rent despite the main claim made in the ad”, the ASA said.Ace Relocations agreed to amend both its current website listings and any future adverts, and the ASA file case was closed.What this highlights is the emerging world of hybrid-landlords-cum-property-managers like Ace Relocations. It offers agents and indirectly landlords the opportunity to rent properties outside the traditional tenancy model. Ace Relocations says it is ‘not an estate agent’. It rents properties directly from agents via a ‘commercial contract’ and then rents them to professional tenants.The company doesn’t describe itself as a landlord but, like one, collects the rent and holds the deposit while, like an agent, it charges agency fees when tenants move in. On the other hand it also fulfils the role of a managing agent on behalf of the original landlord because it cleans the property and manages repairs and maintenance.Ace Relocations does not mention deposit protection on its website but the company’s relocation manager Greg Elliot (pictured) says “all our deposits are held legally”.“We also employ the most established property lawyers in the country – Anthony Gold – at great expense in order to ensure that we work strictly within the law. They create all of our licences, deeds, company contracts and advise us of any impending legislation way in advance so we can prepare and adapt to any situation.“Also, we work closely with the National HMO Network and in particular, [consultant] Michele Glazebrook…who has been very impressed with how seriously we take the law and regularly comments on how she wishes other company’s would care and operate like we do.”The company was set up just under three years ago by managing director Christopher Florence, who on the company’s website says he established Ace Relocations because he believed ‘the lettings market was outdated and recognised the ever growing demand for all-inclusive living for professional people in London’.hybrid letting agent ace relocations advertising standards authority December 14, 2016Nigel 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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Fees complaint to ASA highlights new ‘hybrid’ landlord previous nextAgencies & PeopleFees complaint to ASA highlights new ‘hybrid’ landlordAce Relocations is part landlord, asset manager and tenant finder in oneNigel Lewis14th December 201601,842 Viewslast_img read more

Average salary in property is now £58,633 and grew 12% last year, it is claimed

first_imgHome » News » Agencies & People » Average salary in property is now £58,633 and grew 12% last year, it is claimed previous nextAgencies & PeopleAverage salary in property is now £58,633 and grew 12% last year, it is claimedSalary research by RICS also reveals that gender pay gap at junior levels has narrowed to 3.5% but on average across industry remains shockingly high.Nigel Lewis12th March 20180814 Views A salary poll of property professionals has revealed that pay rises for qualified estate agents are currently at a ten-year high and that the gender pay gap is narrowing among junior agents, but still shockingly wide at the top.These claims are made by the Royal Institution of Chartered Surveyors (RICS) after it canvassed 7,000 professionals across all sectors of the property industry including sales and lettings agents, valuers and block managers.RICS says that across the industry the average salary for its members grew by 12% or £6,271 last year – when total remuneration packages are taken into account – to an average of £58,633.The extra cash is being spread across all regions of the UK, too, with Northern Ireland enjoying the steepest pay rises, followed by London and the South East.Bonuses levels increased last year too and now average £15,703, says RICS.The RICS & Macdonald Salary Survey also looked at the gender pay gap within the industry. Last year female property professionals under 26 years old were paid 3.5% less than their male counterparts, but overall the gender pay gap across the industry is 30%.The property sector also appears to be in relatively rude health. Half of the respondents to the survey said their company was expecting to increase headcount this year.Average salary in property“More employers are placing [a] greater focus on attracting and retaining talent, with attractive pay and benefit packages,” says Barry Cullen, RICS’ Diversity and Inclusion Director.“For the property profession to be a world leader in Diversity and Inclusion we need to place diversity at the heart of an organisation and ensure we retain our talent and build off the great advances we are seeing with our younger professionals.”RICS doesn’t say how many women versus men work in the industry. But if last year’s The Negotiator conference is an indicator, then women are still a minority within the industry.Of all the delegates visiting the conference, registration records suggest two thirds were male. March 12, 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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Norfolk estate agency criticised by industry ombudsman after sale falls through

first_imgHome » News » Norfolk estate agency criticised by industry ombudsman after sale falls through previous nextRegulation & LawNorfolk estate agency criticised by industry ombudsman after sale falls throughVendor is awarded £700 in compensation after Williams’ Way is told off for ‘lack of diligence’ when checking buyers’ finances.Nigel Lewis7th May 201901,187 Views A vendor has been awarded £700 in compensation by The Property Ombudsman (TPO) after a sale fell through because, it is claimed, his estate agent had failed to check the financial situation of the buyer adequately, breaching one of TPOs codes of conduct.Alander Walker turned to the ombudsman over the failed sale after putting his property in Tavernham in Norfolk up for sale via local agency William’s Way for £250,000.The agency found a buyer for the property and, because he was in a hurry to move to Scotland and look after his ill mother, Walker accepted their offer of £242,000.But after six weeks the deal fell through after it transpired that the buyers did not have adequate finances lined up to purchase the property. Mr Walker then turned to an agency based in Norwich and received six offers including one in excess of the original asking price.In its adjudication TPO says during enquiries it found that William’s Way had “not taken adequate steps to advise the complainant fully of the potential purchasers’ financial position.”“Due care and attention was not taken…I would criticise William’s Way for lack of diligence”.A spokesperson from William’s Way told local media that: “We wish the house buying and selling process offered more guarantees, but unfortunately that is not the case here in England and there is always risk involved.“Having started the business just over three years ago we were bitterly disappointed to receive our first and only complaint to date.”The Property Ombudsman TPO awards to complainants William’s Way May 7, 2019Nigel 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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Lancashire estate agent faces social media storm over ‘dreadful’ tweets

first_imgHome » News » Agencies & People » Lancashire estate agent faces social media storm over ‘dreadful’ tweets previous nextAgencies & PeopleLancashire estate agent faces social media storm over ‘dreadful’ tweetsGary Kay now faces possible police investigation after posting ‘obscene’ tweets mocking the death of footballer Emiliano Sala using an account linked to his business.Nigel Lewis29th April 201903,312 Views An estate agent in Lancashire has been banned from his football team’s home ground after posting an ‘obscene series of tweets’ about the death of Cardiff player Emiliano Sala from a Twitter account linked to his business.36-year-old Gary Kay, who runs an estate agency in Burnley, used his Twitter account following a match between Burnley FC and Cardiff FC to mock Sala’s death, saying “We all live in a Sala submarine…. the latest number 1 in Cardiff”.The 28-year-old Argentinian player died in January when the Piper PA-46 Malibu light aircraft he was travelling in crashed into the sea north of Guernsey, killing both him and the pilot.The comments enraged many on the social media platform including Welsh politician Neil McEvoy who said he had reported “this dreadful abuse” to the Football Association, and Kay was interviewed voluntarily by Lancashire police.Zero toleranceOfficials at Burnley FC, which is in the Premiership, have now said that Kay is banned from its Turf Moor ground (pictured, above) pending the outcome of the police investigation and that it had a “strict zero tolerance policy to any racial or discriminatory behaviour” by fans.Following the tweets, Kay subsequently said on Twitter that he regretted making the remarks, saying that: “I would like to take the opportunity to apologise unreservedly for any offence caused to Cardiff City, Cardiff City fans or anyone affected by the recent post yesterday on this profile”.Kay and his estate agency have now both deleted their Twitter accounts.burnley Cardiff twitter April 29, 2019Nigel 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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

On track for tackling poor financial management

first_imgNew proptech start-up, Track, has announced its full app launch to help young homeowners improve how they manage home finances.The new generation of homeowners can now also manage household finances from one simple mobile app.Sky-high house prices have forced many to co-finance the purchase with partners and parents, but while shared finances among younger homeowners is commonplace, there’s a growing desire to maintain financial independence.Co founder Byron McCaughey says, “It struck us that there is nothing out there for our biggest and most personal asset: our home. We built Track to give young homeowners a sense of empowerment, ease and above all else, to take the emotional stress out of money management.”Track provides young homeowners with features including:Property Dashboard: AI-powered home valuations (3x more accurate than Zoopla), realtime equity, contributions to purchase tracker, and advanced planning tools.Multi-person Access: everyone involved in the household finances gets access.Living Expenses: tracks individual contributions to the home from multiple bank accounts, giving transparency on spending, in one place.www.wearetrack.com managing home finances Property Dashboard Living Expenses home finances app Byron McCaughey Track proptech January 31, 2020Jenny van BredaWhat’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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » On track for tackling poor financial management previous nextProptechOn track for tackling poor financial managementThe Negotiator31st January 20200193 Viewslast_img read more

Rightmove to introduce big changes to agents’ property details pages

first_imgHome » News » Marketing » Rightmove to introduce big changes to agents’ property details pages previous nextMarketingRightmove to introduce big changes to agents’ property details pagesPortal says it has already introduced them at its oversesas business and that the pages are quicker and generate more leads.Nigel Lewis5th August 202001,985 Views Rightmove is upping its game with an overhaul of its website as its discounted fees period comes to an end this month following the Covid lockdown.This is designed, it claims, to increase estate agents’ branding and details within listings and featuring better video content.The portal says agents will soon notice extensive changes to their property details pages following consultations with the industry.These changes are already evident on its overseas property pages which have been used as test-bed for the modifications since May, and will be introduced within its main website for lettings next week and for sales properties later this year.Key differencesThe key difference appears to be that there are now three pictures for browsers to look on the main property details page, extra space on this carousel for videos to play and that the agent’s contact details and logo remain on the page as browsers scroll and up and down the page.The portal also says the new-look pages are also faster than previous versions, and that they are prompting visitors to send more enquiries thanks to a new Whatsapp option on its mobile app.Rightmove says agents can preview the new look pages now and give feedback, before Rightmove starts testing with a small number of users from next week.“Initial results from the Overseas launch shows home-hunters are spending longer looking at the pages, engaging more with video, sending more enquiries and sharing more properties,” a Rightmove spokesperson says.property details Rightmove Rightmove Overseas August 5, 2020Nigel 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 2021last_img read more