BREAKING 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 ALREADY OVER 5,000 PLUS AGENTS ON BOARD
Just five-weeks since launch and around a quarter of agents have boarded the Boomin bandwagon. Add to this successful media campaign, (Zara loves the adverts on TV) and if I were behind the launch phase of this new enterprise, I would be feeling good about how things are going.
Adoption takes time, as does an understanding of what a thing does, take video conferencing, it had a niche marketplace, Covid struck, where would we be without it?
With its strap line ‘The game changing property search’ and ‘Home of Secret Properties and Matchmaker’ clearly it is on a mission to define a different path for all stakeholders. For those who have not visited make up your own mind https://www.boomin.com/
80% LOAN TO VALUE MORTGAGES AVAILABLE FOR LANDLORD LENDING
According to publication ‘Mortgage Solutions’ – Habito is now lending to landlords who have a 20% deposit, which is encouraging news as 25% of landlords are seriously looking at acquiring at least one new letting property this year.
CRYPTOCURRENCY DOGECOIN GETS BITTEN BY ELON MUSK COMMENT
Cryptocurrency, which is increasingly becoming a factor as one day buyers of properties may be using them for the purchase, had a setback recently thanks to Elon Musk. Speaking on Saturday Night Live (comedy programme) Mr Musk apparently referred to the currency as a ‘hustle’ leading to its value to drop by over 30%.
I am unsure if Elon is the brightest gent on the planet or a clown, but it does show that Influencer marketing has come a long way, and endorsement also has a double side to it – negative review, in this case software engineers Jackson Palmer & Billy Markus probably wished the digital coin which has a Shiba Inu dog face on it, had not been referenced.
FRONTED GETS ANOTHER £1M OF FUNDING IN LATEST CASH ROUND
Fronted, a Fintech/Proptech service that allows tenants to pay their deposit over a year, rather than take out a one-off insurance product to cover their deposit, as they can not afford it, has just had another round of funding. https://fronted.rent/
You May Also Enjoy
London’s rental market bucks the national trend
Higher mortgage rates put buyers in the driving seat
Prime London buyer demand cools in Q3
Breaking Property News 30/9/26
We’ve got the visitors. Now we need your listings.
