BREAKING NEWS – top 5 stories 29/06/2021

June 29, 2021
Estate Agent Networking Breaking News

DOORSTEPS – AKSHAY RUPARELLA CEO RESIGNS FROM ONLINE AGENT

Is the online agent party over – Akshay Ruparella has been shown the door.

HOUSING MARKET OVERHEATS WITH 13% PLUS ANNUAL PRICE INCREASE

They say the property market goes from boom to bust, let us hope this is not the case. Nationwide has just produced figures suggesting that in the last year property prices have risen by 13.4%.

As an estate agent who knew the 1988 boom, where nearly two million people bought a property in one year, double the usual amount, it worries me there then followed four years of the most difficult market that I had for the next 30-years.

PROPERTYMARK STRENGTHENS ITS BOARD ROOM TEAM

It looks like Propertymark are making all the right moves with the appointment of two key non -executive directors, Paul Helmsley, and Karen MacArthur. Who will be adding their insight and experience. This will help the new CEO Nathan Emerson as he brings his vision alive.

HUGE UPTICK AS MORE TENANTS REGISTER FOR A NEW PROPERTY TO RENT

According to the most recent data, by ARLA, the average number of new tenants registering their needs to rent a property surged by 12%, if this continues May 2021 could show as much as a 30% increase on May 2020.

WRONG TYPE OF GREEN TENANT GROWS A BIG PROBLEM FOR LETTING AGENT

Anisi Hamollari was sentenced to 18-months in prison for growing cannabis in a rented property in Exeter, whilst it is sadly not unusual that this type of crime happens, causing many questions to be asked.

One feature of the trail was the fact that Anisi tried to bribe the upstanding letting agent to overlook the canopy of green foliage, stashed in the residence.

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

How Technology is Changing the Prime Property Viewing Experience

The world of luxury real estate has always been about delivering a premium, personal experience. But in today’s rapidly evolving digital landscape, even the most traditional sectors are being reshaped by technology—and prime property viewings are no exception. From augmented reality to AI-driven virtual tours, the way buyers interact with high-end properties has changed dramatically.…
Read More →
Love or Hate Rightmove
Breaking News

Average two-year fixed mortgage rate for 60% LTV now cheaper than five-year rate

The average two-year fixed mortgage rate for those with a 40% deposit (60% LTV) is now cheaper than the average five-year fixed equivalent, the first time this has happened since the mini-Budget The average two-year fixed, 60% LTV mortgage rate is now 4.18%, while the five-year equivalent is 4.19% The gap between average two-year fixed…
Read More →
Overseas Property

How UK Property Investors Can Manage Exchange Rate Risk When Buying Off-Plan Overseas

Off-plan purchases are especially common in developing overseas property markets with a high proportion of international investors. In these less mature markets, a significant share of stock is sold directly by developers, making off-plan transactions a natural sales model. These opportunities appeal to international buyers because they typically require less upfront cash due to extended…
Read More →
Breaking News

Foxtons Lettings Market Index – March 2025

London rental market gains momentum as new rental listings surge, Foxtons data shows   March saw a 14% increase in new rental listings across London compared to February Applicant registrations rose by 11% month-on-month in March. Year on year, demand was stable, tracking just 2% below March 2024 levels The average rent in March stood…
Read More →
Breaking News

UK’s mid-market firms show improved business growth in March but economic uncertainty continues

Key findings: NatWest’s Mid-market Growth Tracker shows improved business growth in March, led by a strong service sector performance SMEs register a softer decline in output levels during March Market conditions remain challenging and we could see continued challenges in the coming months   Mid-market businesses continued to outperform the wider UK economy in March,…
Read More →
Breaking News

ONS Private rent and house prices UK – April 2025

The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. Main Headlines Average UK monthly private rents increased by 7.7%, to £1,332, in the 12 months to March 2025 (provisional estimate); this annual growth rate is down from 8.1% in…
Read More →