BREAKING NEWS – 5 top stories 11/02/2021

Estate Agent Networking Breaking News

GOVERNMENT FUDGE CLADDING ISSUE

3.5BN into the war chest to help the cladding problem for high rise properties, leaves a huge swathe of lower lying properties in the mire, with loans to these stakeholders who have to fit the bill; a very partial solution to a huge crisis.

Jenrick the housing secretary has responded to pressure, but like all policies that are done on the hoof it is far too little far too late. There will be a whole grouping of non-saleable properties in limbo for the next decade, putting a squeeze on the housing market which annually does not have enough stock to sell,

HOWSY CONTINUES ON ITS ACQUISTION TRAIL

The Happy Tenant is the latest brand to be absorbed into Howsy, the online letting agency management platform, as reported earlier in January 2021 will be the big year of consolidation, where capital pushes together like-minded businesses seeking to be the dominant player in each vertical.

NUMBER OF TENANCIES IN ARREARS IS PREDICTED TO REACH RECORD LEVELS IN 2021

A recent predictive modelling of the amount of tenancies in arrears is making worrying reading, with the possibility that the private rental sector PRS could see a 300% increase in arrears. The knock-on effect of this will if it happens be sector changing.

Balancing the needs of those unable to pay or unwilling to pay rent and being tenancies with tenants who are anti-social, is three strands, the logistical back log of court cases is another and the amount of landlords facing financial ruin is another.

FOUR-DAYS TO LARGEST ESTATE AGENCY IN THE UK BEING FORMED – WHAT IS ITS NAME?

On the 15th of February, the vote on Countrywide PLC will take place, if it is a yes – the creation of the largest agency in the UK will have happened, and Connells (Skipton) will be the proud owners in the driving seat – maybe the first question will be – what will it be called?

DIGITAL ID FOR THE PROPERTY SECTOR MOVES A STEP FORWARD

A digital framework for pushing on the concept of a digital ID for those doing property (and other tasks) is moving forward, Stuart Young of Etive Technologies, ‘This framework is key to developing a trusted digital identity market that will make people’s lives easier and save businesses time and money. We look forward to contributing further to these plans to help make sure the final framework works for everyone in the home buying and selling sector.’

For those readers wanting to know more the full statement on the project is on the government website –

https://www.gov.uk/government/news/government-sets-out-new-plans-to-help-build-trust-in-use-of-digital-identities

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More