BREAKING NEWS – top 5 stories 11/05/2021

Estate Agent Networking Breaking News

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/

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

New financial sanctions reporting obligations will apply to all letting agents

From 14 May 2025, financial sanctions reporting obligations will apply to all letting agents working throughout the UK as amended guidance and regulations made by the Office of Financial Sanctions Implementation (OFSI) come into force. Letting agents need to be aware that in contrast to the Money Laundering Regulations, the reporting obligations will apply to…
Read More
Estate Agent Talk

Can You Make Purchasing A Property Easier For Yourself?

Can you make purchasing property easier for yourself? Yes, you can. Despite what some people may think, there are various ways in which you can make yourself a more attractive buyer, and put yourself in a better position to be accepted for things like mortgages. It takes a fair amount of work though, and you’re…
Read More
Love or Hate Rightmove
Breaking News

Rightmove House Price Index: Decade-high choice to benefit Spring buyers who miss stamp duty deadline

  The average price of property coming to market for sale rises by 1.1% (+£3,876) this month to £371,870, in line with the long-term March average increase, as many new sellers price sensibly amid decade-high competition to sell: While new Spring buyers will not beat this month’s stamp duty deadline, they will benefit from the…
Read More
Love or Hate Rightmove
Breaking News

Searches surge for Moclín in Spain due to Amanda and Alan’s Spanish Job

Searches for Moclín, an area in the province of Granada in Spain, have surged due to the programme Amanda & Alan’s Spanish Job, hosted by Amanda Holden & Alan Carr The increase from 104 searches at this time in 2024, to more than 85,000 in 2025, equates to a more than 800 times surge in searches It is…
Read More
AI in estate agency letting agency property
MarketingProptech News

AI Services for UK Estate & Letting Agents:

Firstly, let us fully understand what AI is and how it can help within the UK estate and letting agency industry – Is it all that it’s cracked up to be as such?! It’s all about artificial intelligence operations of which most take over from and surpass human involvement: “Artificial intelligence refers to the capability…
Read More
Breaking News

Economic certainty needed to bolster builders, says FMB

The 0.2% fall in construction output in January 2025, according to new figures from the Office of National Statistics (ONS), is another indicator that the economy is struggling despite the Government’s strong commitment to back development, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said: “Winter is always a…
Read More