BREAKING NEWS – top 4 stories 02/07/2021

Daily bite-sized proptech and real estate news in partnership with Proptech-X. Today, Stanton looks at Strike, The Property Ombudsman, Grenfell, and more.

 

  • Online estate agents Strike scales up with 80 new hires
  • Property Ombudsman ejects agents due to failings
  • After Grenfell cladding failure, maybe training is key to future safety
  • SDLT gains wiped out by huge house price increases

 

Online estate agents Strike scales up with 80 new hires

In today’s news, the online estate agent Strike, which was previously House Simple before it re-trenched from its aspirations of being a national agent brand and concentrated on the north, is looking for fresh recruits.

Based on an agency model of being free, unlike the typical “no sale, no fee” model, or even the online model of Purplebricks’ “pay upfront, sale or not”, it may be hard to understand how these new starts are going to earn a living.

Maybe the top man Sam Mitchell knows. Worryingly, if you look on their website, you have to take a £699 option if you want accompanied viewings (not very free) and there does seem to be a heavy emphasis on “free mortgage advice”, which possibly means the service is a sales funnel for financial services revenue.

Maybe Strike can enlighten me as to how free the model is. After all, its slogan is “A transparent experience, from start to finish”.

 

Property Ombudsman ejects agents due to failings

Seven property companies have been found wanting after being struck off the Property Ombudsman’s list of competent agents. Given that there are over 24,000 estate agents in the UK, and over 69,000 front line agents, statistically this is a tiny amount to fall foul of the regulator.

 

After Grenfell cladding failure, maybe training is key to future safety

Tens of thousands of people are living in accommodation that can not be sold or even have a new mortgage put in place, why? Due to the way in which external cladding has been installed.

Taking a root and branch approach, The National Federation of Roofing Contractors is looking, with CITB-funding, to put a framework of competency in place with regard to correct procedures to install cladding. It may be closing the stable door after the horse has bolted, but it is a start.

 

SDLT gains wiped out by huge house price increases

In some parts of the UK, despite up to £15,000 of savings on stamp duty at a purchase price of £500,000, the fact the actual property was formerly worth £25,000 less just a few months earlier has meant movers are worse off.

In a booming market, it seems a win for all, but as the last year saw house prices rise by 10 to 12% regionally, saving a few thousand thanks to the Chancellor’s give away wheeze may be backfiring, especially if the market cools and prices go negative.

 

If you have a view – please let us all know by emailing me at [email protected] – Andrew Stanton Executive Editor – moving property and proptech forward.

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via [email protected]

You May Also Enjoy

Estate Agent Talk

How to Buy a Property in Today’s Competitive Market

Introduction It is common knowledge that the current real estate market is thriving, particularly in Florida. It is always highly in demand, and prices are rising due to the influx of people by the hundreds of thousands and even the millions. You are now perplexed about how you will ever be able to buy a…
Read More
US Flag
Breaking News

Is the state of Georgia a good place to retire?

Introduction Florida and Georgia have been friendly rivals for a long time, probably most famously on the football field where the universities of the two states compete against one another yearly. But Florida and Georgia are also engaged in a fresh competition over which state offers a superior environment for retirees. You are lucky since…
Read More
Overseas Property

Moving to Vancouver: Is living in Vancouver pricey?

Introduction One of the cities in Canada and all of North America with the highest population density in Vancouver. It is the most culturally and linguistically diverse city in Canada and the third-largest metropolitan area in the country. Since 2014, the city has been the permanent location for TED conferences and has hosted several international…
Read More
how to present your property for sale
Overseas Property

The Top 5 Real Estate Agents in Mississauga

Looking for a real estate agent in Mississauga? Look no further! We have compiled a list of the top 5 agents in the city, based on their experience and success rate. Whether you are looking to buy or sell property, these agents will be able to help you achieve your goals. Contact one of them…
Read More
Finance

Real Estate Copywriting Guide: 5 Tips For More Sales

Content related to real estate takes an important place in the thematic sections of copywriting. People always buy, sell or rent housing, which means this topic never loses relevance. However, real estate content cannot be called simple, but if you want big sales, you need to improve in this area, and you can learn how…
Read More
Breaking News

BREAKING PROPERTY NEWS – 05/08/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Half of tenants who fear never owning own home face uphill battle in pet-averse rented sector New research from animal welfare charity Battersea reveals that one in two tenants fear they will never buy a home, with the growing number of lifetime renters significantly…
Read More