Posts by Andrew Stanton
BREAKING NEWS – top 5 stories 25/03/2021
MORE POSSIBLE PROPERTYMARK SPIN FROM INTERIM CEO NATHAN EMERSON Apparently, the new CEO of Propertymark who is keeping the seat warm is trying to launch a charm offensive saying that Propertymark is transparent and losing 15% of the c-suite is normal churn. My thoughts are we have now all entered the ‘twilight zone’ some more…
Read MoreBREAKING NEWS – top 5 stories 24/03/2021
CHANCELLOR FAILS TO WEILD THE TAX KNIFE ON HOUSING MARKET Yesterday – Tax Day – a separate day set aside to deal with possible changes to the fiscal policies of the government, it had been expected that Rishi would possibly change two key areas in property taxation. The first was to further play around with…
Read MoreBREAKING NEWS – top 5 stories 23/03/2021
ANOTHER NATIONAL HOUSE BUILDER EYES LARGE PROFITS LATER IN THE YEAR Crest Nicholson looks set to achieve a £85M pre-tax profit by October, which is higher than was expected. This anticipated cash fillet has been pushed on by the pandemic, the amount of people reserving new homes whilst locked down, and the push to beat…
Read MoreBREAKING NEWS – top 5 stories 22/03/2021
HUNTERS NOW OFFICIALLY PART OF THE PROPERTY FRANCHISE GROUP The sales of the Hunters Group to the TPFG was finalised last week, growing the footprint of the group, Hunters has within it a number of successful brands including Countrywide Properties. ON THE MARKET TO ACQUIRE ALL OF GLANTY Already owning 20% of the company Glanty,…
Read MoreBREAKING NEWS – top 5 stories 19/03/2021
PURPLEBRICKS HAS NEW HIRE – BUT WILL IT BE ENOUGH TO SAVE THEM? Chris Beckworth has now joined Purplebricks as CSO – Chief Sales Officer, I wish him good luck as Purplebricks is going to need extra revenue to keep going. Despite a financial pundit recently stating that with 100M in the bank and 115…
Read MoreBREAKING NEWS – top 5 stories 18/03/2021
YOTI AND CONNELLS ANNOUNCE TIE UP I must declare an interest here as with my other hat on as Founder and CEO of Proptech-PR YOTI are a client, but the news that Connells has switched to using their services is without doubt a winner for all parties. Without boring everyone the capabilities and pricing and…
Read MoreBREAKING NEWS – top 5 stories 17/03/2021
WILL THE GOVERNMENT REFORM CAPITAL GAINS TAX? Despite the 3rd of March budget, CGT is still a hot potato with consultation taking place at present to see what is ‘best policy’. The ramifications for the property industry could be severe, as presently the tax payable on a second property at point of disposal is 28%…
Read MoreBREAKING NEWS – top 5 stories 16/03/2021
ANTI-MONEY LAUNDERING COMPLIANCE NOT JUST A PROPERTY PROFESSIONALS OBLIGATION NatWest bank has had criminal proceeding brought against it by the FCA, over the receipt of just one amount totalling £264M. The actual alleged offence dates back four years, but now NatWest may find itself in the dock. Given that the real estate sector in the…
Read MoreBREAKING NEWS – top 5 stories 15/03/2021
MODERN METHOD OF AUCTION – MILTON RODOSTHENOUS AIRS HIS VIEW A debate is developing regarding exactly who benefits from the Modern Method of Auction, an alternative to the mainstream sale by private treaty process. Founder of Lets Bid, Milton Rodosthenous has stated that some using the system charge large non-refundable deposits, whereas his company is…
Read MoreBREAKING NEWS – top 5 stories 12/03/2021
SAVILLS SEES PROFITS HIT Pre-tax profit fell by 28%, down to £96M from £115M, Savills are bullish about the coming year, but clearly there are clouds on the horizon with a raft of Nom-Dom taxes on the horizon from April. Clearly, they have a global brand, but in an uncertain world, financial liquidity is certainly…
Read MoreBREAKING NEWS – top 5 stories 11/03/2021
RIGHTMOVE ON THE BLINK Last week I noticed that my local agent was having problems uploading new stock to Rightmove. Having made an investigation into it – Rightmove suggested it was an isolated incident and it was possibly the agent and their system that created the problem. Now from information that Rightmove has sent out…
Read MoreRopa Old Before Its Time & Propertymark – Project Fear
The chief architects of RoPA are over 80 years old and 75 years old. Real estate is nearer the needs and buying habits of Gen-Z who now populate over three quarters of the global population. Maybe instead of trying to reverse engineer real estate, and put in place a set of gatekeepers, kick over the…
Read MoreThe Problem With Propertymark
Do I like the idea of an organization that nurtures and helps its membership, who defends its interests, listens to its members needs and is the torch bearer of truth, integrity and is above approach with regard to its financial probity, especially as it may sell guidance to its membership on this very topic? The…
Read MoreBREAKING NEWS – top 5 stories 10/03/2021
FINANCE CHIEF OF PROPERTYMARK RESIGNS – SEVEN DEPARTURES IN 10 MONTHS Following on from our reporting yesterday Kate Hawkins Chief Finance Officer has resigned to ‘seek other opportunities’. Also a non-executive Helen Herniman has resigned, this means that in the last 10 months;- the Chair has left, David Cox has left, Mark Hayward has left,…
Read MoreBREAKING NEWS – top 5 stories 08/03/2021
BOOMIN TO LAUNCH ON 2ND OF APRIL Nobody’s fool, Boomin swerve the 1st of April, as they announce the 2nd of April 2021 to launch. As the founders of Boomin have reportedly said and as they say they are not looking to win the big three portal race, they are in a different event altogether,…
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