Posts by Andrew Stanton
BREAKING NEWS – top 5 stories 27/05/2021
BARRATT DEVELOPMENTS IN HUGE FLAT BUY BACK DEAL A development of nearly 100 units that had all been sold by Barratt developments, have now all been bought back from the leaseholders, due to large scale problems with the construction of the build. The problems with the building came to light as part of the nationwide…
Read MoreBREAKING NEWS – top 5 stories 26/05/2021
WHY ARE PROPERTY PORTALS SUDDENLY BECOMING PROPTECH INNOVATORS? Since early 2017 I have been a great advocate of Proptech, having formally been an analogue agent for the previous three decades, I went on to be a Proptech Influencer and analyst, then setting up Proptech-PR. Since then I have met and listened to over 370 Proptech…
Read MoreBREAKING NEWS – top 5 stories 25/05/2021
FIXFLO EXIT TO AAEON AG AFTER A DECADE BUILDING THE BUSINESS Most Proptech enterprises have two exit strategies the IPO route, becoming a listed company and floating or being bought up by a company with deep pockets, usually so the company can further develop the business, usually retaining the team in place. Rajeev Nayyar &…
Read MoreBREAKING NEWS – top 5 stories 24/05/2021
LANDLORDS RE-INVEST IN THEIR PROPERTY PORTFOLIO According to a recent survey it has been found that over three quarters of landlords put some of their cash from letting their properties back into the property asset each year. The typical spend per landlord being in excess of £8,000 per year. INSTRUCTION LEVELS FOR AGENTS IS WORST…
Read MoreBREAKING NEWS – top 5 stories 21/05/2021
GETAGENT OMITS PURPLEBRICKS FROM ITS AGENCY LEAGUE TABLES – AS NOT PROPER AGENT GetAgent founder and CEO Colby Short has gone on record that he feels that online agents are not proper agents, and he recently has produced league tables that omit their existence. I am surprised as Purplebricks in 2018, 2019 (and for most of…
Read MoreBREAKING NEWS – top 5 stories 20/05/2021
3% OF HOUSEHOLDS OWN A SECOND PROPERTY IN THE UK According to the most recent figures issued by the government, up to just over a year ago nearly 2.4M property owners had at least one other home. A large swathe of these were rented out, but interestingly enough over 770,000 homes were not. Given the…
Read MoreBREAKING NEWS – top 5 stories 19/05/2021
WILL INDIAN VARIANT COOL HOUSING MARKET IN COMING MONTHS? It has been disclosed that the government is making contingency plans should the Indian Variant of Covid-19 leads to another lockdown, be it a national one or a more localised approach. Clearly it is a wait and see approach at present, but mixed messages are now…
Read MoreBREAKING NEWS – top 5 stories 18/05/2021
TELEGRAPH RUNS CRYOTO CURRENCY TALE OF WOE FOR WOULD BE £1M HOME BUYER A recent article in the Daily Telegraph tells of how a buyer wished to use the profit from their cryptocurrency holdings to buy a prime property, but the solicitor’s and also lenders are wary of large sums that are not easily traced…
Read MoreBREAKING NEWS – top 5 stories 17/05/2021
THREE YEAR INNOVATION PARTNER TIE UP ZOOPLA & LRG Charlie Bryant, CEO of Zoopla and Peter Kavanagh, CEO of the Leaders Roman Group have announced a three year tie up, where LPG will become the latest Innovation Partner. This symbiotic arrangement will give the LGR a close in to new innovation and a front seat…
Read MoreBREAKING NEWS – top 5 stories 14/05/2021
ALPHALETZ WINS ‘BEST GLOBAL-BASED PROPERTY MANAGEMENT PLATFORM 2021 Building on the success of their initial launch, Alphaletz has further enhanced their product offering, and are today announcing the launch of their new mobile and online app in conjunction with the award for ‘Best Global Cloud-Based Property Management Platform of 2021’ The award has been won…
Read MoreBREAKING NEWS – top 5 stories 13/05/2021
THE OPEN PARTNERSHIP £19BN OF MORTGAGES LAST YEAR, ALREADY £5.7BN IN Q1 2021 Staggeringly, TOP did nearly £6BN of mortgages from January to March this year, which is a standout record. The big question is will the bubble burst as we see a tailing off of activity in the housing sector? Obviously re-mortgage business will…
Read MoreBREAKING NEWS – top 5 stories 12/05/2021
QUEENS SPEECH HAS NEW PLANNING BILL AT ITS HEART Following yesterday’s Queens speech, a bill likely this autumn will look at ending section 106 agreements, utilise a coding system, with councils having to zone land as renewal, protection, or growth, with growth meaning that ‘automatic’ outline planning would be implicit. Clearly this is going to…
Read MoreBREAKING NEWS – top 5 stories 11/05/2021
AVERAGE RENT IS NOW ALMOST £1,000 PER MONTH According to an index of data, which includes the London PRS sector, the average rent per month in the UK is £996, take London out of this index it is £853. Perhaps a reason many look to buy rather than rent when they can. BOOMIN FIVE-WEEKS IN…
Read MoreBREAKING NEWS – top 5 stories 10/05/2021
GRENFELL TYPE CLADDING IN SECOND TOWER BLOCK INFERNO Ballymore the property developer had an external fire on their five-hundred- and fifty-nine-unit site, specifically one of its tower blocks at its New Providence Wharf development in East London. The ACM cladding, identical to that of the Grenfell blaze was on the list to be removed, but…
Read MoreBREAKING NEWS – top 5 stories 07/05/2021
BANK OF ENGLAND BASE RATE REMAINS AT 0.1% The BoE committee has had its monthly meeting and the base rate remains at it’s a tenth of a percentage point, which should be a good thing for those looking for mortgage finance, but of course bad news for savers, as inflation is in reality giving zero…
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