BREAKING NEWS – top 5 stories 13/04/2021

Estate Agent Networking Breaking News

STEPHEN MURPHY NAMED AS NEW CHAIR OF BOOMIN

The C-suite of Boomin looks like it has gained a major coup with the appointment of Stephen Murphy (Ex-CEO Virgin), and there is also news of a £25M funding round. Both of these factors clearly show that Boomin is very much in it for the long haul, all which comes less than a fortnight after their official launch on the 2nd of April.

THOUGH OFFICIALLY THE UK ECONOMY HAS SHRUNK – HOUSING STILL GOING STRONG

Economic indicators given by the Office for National Statistics show that the economy shrank by nearly 8% comparing February 2020 to February 2021. Clearly not a good headline figure. The property market though is of course at present bucking that trend.

LONDON SUPER PRIME MARKET ROARS AHEAD IN IT IS OFFICIAL

Recent statistics show that despite the pandemic, lockdown, the inability for non-domiciles to fly into the UK to buy, London still led the world in the number of properties sold above the £7M price tag.

With just over 200 of such sales, it outpaced Hong Kong which only managed around 170 sales. The big question will be in 2021 which way will this market perform? Many pundits feel that the super-rich, have not really been touched by the pandemic, and with many in tech related verticals they are personally seeing a boom time in their earnings and ability to buy big ticket items.

AVERAGE HOUSE PRICE IN MARCH HITS NEW HIGH OF £254,606

Figures just released show that the average house increased again by over 1% in March, which now means that on average a typical property is worth over a quarter of a million pounds.

FEWER RENTAL PROPERTIES CHANGED HANDS IN 2020

Unsurprisingly, 2020 was a record year for the fewest number of rental properties sold, clearly the lockdowns, rent arrears and lack of court action effectively meant that even if some landlords wished to sell their inventory 2020 was not the year.

Records show that around 130,000 rental properties got sold last year, the lowest number for eight years. Though of course with rising rents maybe some landlords are thinking that holding on may be a better gambit than selling and paying the tax if the exit the market.

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

Estate Agent Talk

3 ways a new-build could boost your purchasing position

The latest internal data release from award-winning mortgage adviser, Alexander Hall, has revealed that it’s not just younger, first-time buyers taking advantage of new-build benefits to buy one-bed flats. Multiple homebuyer demographics are purchasing at all levels of the property ladder, buoyed by improvements to the mortgage market landscape, which have seen lenders offer greater…
Read More
Estate Agent Talk

‘Outdated’ mainstream homebuying can learn from auctions to give security to buyers and sellers

Andy Thompson, Director at Eddisons part of Begbies Traynor Group, said: “Buying and selling through auctions prioritises speed, transparency and security. By front loading elements such as legal documents, background checks and searches, both buyers and sellers have confidently and fully committed to the transaction, which means when the hammer falls, contracts are exchanged and…
Read More
Breaking News

What the 2025 Party Conferences Told Us About Property

Inventory Base, the UK’s leading platform for property reporting and compliance, has today released its analysis of key housing and property policy developments from all four major UK political party conferences, revealing a clear divide between those prioritising hard targets and those favouring deregulation. With housing a central issue on the national agenda ahead of…
Read More
Breaking News

Home sellers could struggle with problem properties

Sellers could struggle with problem properties, as government moves to force homeowners to list property issues upfront The latest research from nationwide cash buying company and quick sale specialists, Springbok Properties, has found that sellers could face a tougher time finding a buyer, as government plans to force them to list known issues with their…
Read More
Damaged timber from Dry Rot
Estate Agent Talk

Mould and damp – what you need to know ahead of winter

With the winter months just round the corner, problems with damp and mould can become far more prominent. Autumntime is when many people turn on central heating systems and choose to close windows, preventing fresh air ventilation needed to allow damp air to leave a property. Unfortunately, the combination of warm and damp air can…
Read More
Breaking News

Rental price and average salary tracker – September 2025

London and South East see biggest dips in required rental salary year-on-year London and the South East saw the sharpest dips year-on-year in the average salary needed in order to rent the average home in that area. London saw a 4.2% drop, whilst the South East saw a decline of 2.9%. Yorkshire and Humberside saw…
Read More