Breaking News
Leasehold law changes: how will the property market react?
The government has proposed the reform of leasehold laws, with new rules possibly arriving within two years. We analyse whether the prospect of the new rules will have an impact on the property market from today. What are the key proposals? There are three major proposed changes, further details of which are on the government…
EAN Breaking News
BREAKING NEWS – 5 top stories 08/01/2020
PROPERTY CLADDING SCANDAL CRISIS GROWS Yesterday there was joy with Leasehold reforms moving forward, which would free up homeowners living in properties that had become tainted and hard to sell, and of course meant ratcheting costs. But there seems no end to the chaos caused by the external cladding debacle which has left around 900,000…
Andrew Stanton
Busiest ever start to the year as home-hunters seek New Year moves
Rightmove has recorded its busiest ever start to a new year, with visits to the site up 30% on the same time period in 2020 Very early signs of activity continuing to grow during the new lockdowns in England and Scotland, with over six million daily visits to the site on Tuesday and Wednesday People…
Rightmove
Leasehold reforms are long overdue
Housing secretary, Robert Jenrick has announced leasehold reforms to end some of the bad practices seen in recent years, as well as make it easier for homeowners to buy their freeholds. Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “These long overdue changes must be the first of many to protect…
EAN Breaking News
BREAKING NEWS – 5 top stories 07/01/2021
WILL LOCKDOWN 3.0 EXTEND RISHI’S SDLT HOLIDAY? Many predict that in the early March Budget or just before the Chancellor may extend the 31st of March dead stop deadline for SDLT. With 50,000 plus signatures still needed on the petition pushing for an extension, which would then trigger a debate in the house of commons,…
Andrew Stanton
Peabody to acquire 142 affordable homes at Television Centre
Stanhope, Mitsui Fudosan and AIMCo (the joint venture “JV”) announce that they have exchanged contracts with Peabody who will acquire 142 new affordable homes in two new buildings at Television Centre, London, W12. The buildings form part of the wider Television Centre development which will eventually have c 950 homes in total. Stanhope is also…
EAN Breaking News
BREAKING NEWS – 5 top stories 06/01/2020
ONE IN FIFTY INFECTED BY COVID-19 With the head-line analytics that one in fifty are now infected with Covid-19, a large schism is appearing between agents who want to open with ‘safeguards’ and agents who want a blanket closure policy. With over 1.1M having the disease and one in 30 in London said to be…
Andrew Stanton
BREAKING NEWS – 5 top stories 05/01/2021
BUSINESS AS USUAL – NOT REALLY Boris has spoken and Lockdown 3.0 Lite is upon us, according to the government guidelines issued yesterday agents can trade, but last night of the fifty or so call I took from agents, I think over half will be closing their doors and only doing ‘virtual viewings and valuations.’…
Andrew Stanton
Property Industry remains open despite Tier 5 Lockdown
Another lock down and another tier extension. Just part of everyday life these days and it will pile on more misery and damage across the country both in business and at home. We can all see the figures for ourselves, yet the country is told to stay at home and only venture outside your home…
EAN Breaking News
Lomond Capital and Linley & Simpson £100m deal
In a supposed £100 million deal that includes injection of cash from LDC (private equity frim). Lomond Capital and Linley & Simpson among others had now partnered up so to form a stronger force between them to include a portfolio now to stand at over 20,000 properties across major towns and cities such as Leeds,…
EAN Breaking News
Global Residential Cities Index, Q3 2020
How did city house prices around the world perform in Q3 2020? Knight Frank’s Global Residential Cities Index tracks the movement in average prices across 150 cities worldwide. The index’s annual rate of growth increased by 4.7% in the year to Q3 2020, up from 4.1% in the 12 months to Q2 2020. After the…
EAN Breaking News
BREAKING NEWS – 5 top stories 04/01/2021
WILL THERE BE A SECOND LOCKDOWN FOR ESTATE AGENTS? Having watched Boris do battle with Andrew Marr on Sunday, and the defensive soundbites from the Prime Minister which seemed to say that deeper and wider curtailment of many businesses are likely, could January be a lockdown scenario for some agents? Kier Starmer is pressuring for…
Andrew Stanton
Reports that Ministry of Defence to sell 131 sites
I’m sure you will be forgiven if you automatically assume that Ministry of Defence sites simply are army barracks, air fields, army training ranges and very similar. I honestly thought this was the main style of property in their portfolio, but this recent decision to sell of sites includes impressive and listed manors, stately homes…
EAN Breaking News
A Force in Property widens it’s reach – Connells eats ups Countrywide
Take overs happen frequently across the business world from those simply prime for buy outs having impressed seniors above them to those finding themselves sinking and optimum for cash offers… The property industry is very much alive and kicking in this area with many such take overs and mergers in recent years. One big example…
EAN Breaking News
Governments confirms Estate Agency industry stays open in Tier 4
Recent updates from government puts more of the UK in to tier 4 and there is much fear of a tier 5 looming. It is still business as usual for the estate agency sector though as the official government website and guidelines set out: https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19/homes The news covers the work of estate agents who can…
EAN Breaking News