BREAKING NEWS – top 5 stories 24/03/2021

Estate Agent Networking Breaking News

CHANCELLOR FAILS TO WEILD THE TAX KNIFE ON HOUSING MARKET

Yesterday – Tax Day – a separate day set aside to deal with possible changes to the fiscal policies of the government, it had been expected that Rishi would possibly change two key areas in property taxation.

The first was to further play around with SDLT, perhaps abolish it and have an annual tax on the property assets that any person has, so if you own a second or third home you would pay extra.
The second area, was around CGT Capital Gains Tax, where it was thought that the tax paid when a second property owned by an individual was sold would increase – to 20% for lower tax payers, and a huge 40% tax increase for higher tax earners, this would have been a big money spinner but maybe an election loser.

As it turns out – both these sacred cows – were, for now, left alone, instead focus was put on new taxation for New Home Developers to put their hands in their pockets to help with paying for the ‘cladding scandal.’ So, the housing market moves on.

COADJUTE GAINS MOMENTUM

Coadjute a company that I have knowledge of and are looking to be the default operating system of the real estate sector, based upon a blockchain model, has just announced some big enlightened big hitters jumping onboard. These include Search Acumen.

Headed up by Dan Salmons CEO, the seasoned development team have in an almost stealth type of mode been covering much ground in 2020, and with recent investment it will be interesting to see if they become the huge business, they have potential to become.

Certainly, there is a need for a secure joined up solution, and the pandemic has focused all stakeholders in the real estate sector to try to work out the future path to take.

PURPLEBRICKS AND ADVERTISING STANDARDS ANOTHER SPAT

Purplebricks have had to take down claims that they sell properties at a better price, all of this was agreed in an amicable fashion with the ASA. Our thoughts are they should focus on their strengths for example they list (not sell) more properties annually than in 2020, the top three agents by volume listed – added together.

ASKING PRICES CONTINUE TO RISE

A study carried out in February shows that not only did a record amount of completions take place in the month, in certain price sectors the listing prices of property jumped also. Anecdotally agents are saying that in the present seller’s market, key property types have many more potential buyers fuelling this housing inflation.

LANDLORDS UNDER INCREASING FINANCIAL PRESSURE

The pandemic is squeezing some landlords who are finding it increasingly hard to deal with tenants unable to pay the rent or part of the rent. Courts are moribund, and the new ‘breathing space’ provisions are leaving many landlords boxed in. The recent budget offered in England no respite and it is going to be a long summer if there is not some strong messaging from the government.

 

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