Breaking News
VAT Reverse Charge delay is common sense
The Treasury have announced that the introduction of the ‘VAT Reverse Charge’ is now going to be delayed for a further five months, to 1st March 2021. Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “Despite covid-19 dominating their focus, the Government has stayed on top of their brief, listened to…
National Federation of Builders
Navigating Roby Through The Covid Crisis
Tom Reiss, CEO of Roby.ai Like every business operating within the property sector, we started the year in vastly different circumstances to the ones we now find ourselves in. The outlook for us was really positive, actually great. We were meeting our targets, generating new leads and building our presence within the marketplace. Then in…
EAN Content
Release of pent-up demand leads to busiest ever day as more home-movers enter market
Rightmove records busiest ever day on Wednesday 27th May, surpassing six million visits for the first time and up 18% on the same Wednesday in May last year Search is turning into action with record levels of people phoning and emailing estate agents through Rightmove, also up 18% on the same day last year Over…
Rightmove
OnTheMarket Launches Search Option For Properties With Online Viewings
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket property portal, is pleased to announce it has introduced a new filter which allows users to limit their search to properties which have an online viewing option, either a virtual 3D tour or a video tour. Video tours and 3D tours have long been provided by…
Vikki Bennett
First week of housing market reopening in England – the stats so far
First week in the rental market DEMAND Demand for rental property is up 33% compared to this time last year as the market reopens and renters jump into action, with Monday 18th May seeing the highest level of rental demand ever recorded in one day on Rightmove STOCK & LET AGREED …
Rightmove
The Mood of the Industry – Concerns Remain Unchanged. But…
Fortuitously, Josh Rayner’s second temperature check on the sentiment of the estate agency industry has been carried out straddling a week where agents remained incarcerated and also a week where the sector was unleashed by the Housing Secretary. Therefore, we expected to see a change in the attitude of negotiators, branch managers and listers and,…
Properganda PR
No, unemployment hasn’t increased according to the ONS
The latest unemployment figures from the ONS show that there have been 856,000 extra unemployment claimants vs an anticipated 660,000. However, while the claimant count has increased by over 800,000, according to the ONS notes themselves, this is because people are now eligible for benefits due to the CV19 crisis that previously were not, but…
Properganda PR
The deposit gap: First-time buyers need additional £12,000 for 15% deposit
As the housing market reopens in England new analysis by Rightmove shows the average first-time buyer 10% deposit is currently £24,189, jumping to £36,284 if a 15% deposit is needed The current average asking price of a typical first-time buyer property in England is £241,891, which is 2% higher than this time last year. There…
Rightmove
Estate Agency Industry Sentiment Survey: New and Improved – Round Two
You may remember that Josh Rayner was the first to consider the question of estate agents’ Coronavirus crisis job sentiment in his ‘State of the Industry’ poll that was widely reported upon two weeks ago. The poll’s sensational outcome, taken several weeks into lockdown, was that 66% of agents said that they were considering a…
Properganda PR
Rightmove House Price Index – First day traffic up on last year, indicating demand to support price stability
With the reopening of the housing market in England, first day activity on Rightmove shows a release of pent-up home-mover momentum: Home-mover visits to Rightmove back to pre-lockdown levels on Wednesday 13th May with almost 5.2 million visits, up 4% on the same day a year ago Sales demand (unique enquiries) doubled from Tuesday to…
Rightmove
Market kick starts with rise in visits, new listings and enquiries to agents on Rightmove
Visits to Rightmove were up 45% on Wednesday morning compared to the previous day following the government’s surprise announcement to reopen the housing market1 Email enquiries sent to agents rose by 70% now that physical viewings can again take place2 New listings are also starting to rise, with 2,115 new properties added in just five…
Rightmove
CIL changes ‘welcome relief’ now time to extend planning permissions
The National Federation of Builders (NFB) has welcomed the Government’s announcement that it will amend the Community Infrastructure Levy (CIL) Regulations to give much needed relief to small and medium sized housebuilders. The Ministry of Housing, Communities and Local Government has said it is changing the regulations to encourage local authorities, who are responsible for…
National Federation of Builders
3… 2… 1… Go! It’s back to work for Estate / Letting Agents:
With over 300,000 property transactions in the pipeline and delayed since the COVID-19 lockdown, it is now all systems go in the English estate agency / letting agency world. The easing of restrictions for many businesses starts today and that will include the property market. “From today anyone in England can move home if they…
Christopher Walkey
Home-movers determined to move post lockdown & buyers look out-of-city
94% of buyers and sellers currently in market say they’re going ahead with sales already agreed or plan to continue post lockdown1 Visits to Rightmove are up over 20% when compared with the first few days of lockdown as more people staying at home start to think about moving2 Signs of a shift in prospective…
Rightmove
March 2020 Price Paid Data from HM Land Registry
Please note, due to the impact that the COVID-19 situation has had on HM Land Registry’s operational services the figures for this month may not be a complete picture and will be updated in future releases. Most expensive residential property sold in March was in Kensington and Chelsea for £4,500,000 Cheapest residential property sold in…
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