Posts by Andrew Stanton
BREAKING NEWS – top 5 stories 06/04/2021
BOOMIN GOES LIVE LAUNCHES WITH TV AND MARKETING CAMPAIGN As of the 2nd of April Boomin is now live, and many will have seen the TV adverts that are hitting the screens, plus other advertising across the media. With the advent of a very different proposition for the B2B and B2C market, it will be…
Read MoreBREAKING NEWS – top 5 stories 31/03/2021
OVER 10% OF SALES AGREED IN FEBRUARY ACHIEVED MORE THAN ASKING PRICE According to recent figures – some key properties in key areas and price brackets are being fiercely fought over, leading to selling prices in excess of the marketing price. This re-enforces the message that at present the market is very much a sellers’…
Read MoreBREAKING NEWS – top 5 stories 30/03/2021
STEPLADDER LOOKS FOR FURTHER PEER TO PEER FUNDING Stepladder a platform that ‘helps’ buyers have a deposit for their home, via a collective/lottery style enterprise, and which was founded in 2015, and has already had over 1.25M of investment is now looking for another 10% via a peer-to-peer lender. As many know I am not…
Read MoreBREAKING NEWS – top 5 stories 29/03/2021
STOP PRESS! HOUSING MARKET HAS RUN OUT OF PROPERTY TO SELL BY 50% – IT IS OFFICIAL According to latest analysis by TwentyEA, the amount of housing stock available to sell is at an all time low. It reports that, ‘The South West has the lowest level of available stock at just 2.2 months and…
Read MoreBREAKING NEWS – top 5 stories 26/03/2021
RETAIL SALES ONLINE INCREASING FROM 20% LAST FEBRUARY TO 36% THIS FEBRUARY As reported in the Times, the amount of the complete spend in retail increased to 36% via online shopping an increase of 16%, from the 20% headline figure last February. Whilst real estate or estate agency may not see itself as in the…
Read MoreBREAKING 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…
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