Breaking News
Will High Streets Become Homes?
The government is planning on removing the red tape so that boarded up shops and abandoned offices can be turned into homes without the need for full planning permission, under new laws being introduced today. It will make it easier for developers to switch shops to homes without needing to submit a planning application. Builders…
EAN Breaking News
APPG for SME builders report highlights best builders
The All Party Parliamentary Group (APPG) for SME House Builders has released its report, ‘Ways to improve the planning system in the UK’, which identifies many of the barriers small and medium sized housebuilders (SMEs) face when entering, engaging with and navigating the planning system. Richard Beresford, chief executive of the National Federation of Builders…
Christopher Walkey
House Price Index – Unexpected mini-boom pushes prices to record high
Britain gets moving – unexpected mini-boom pushes prices to record high Average asking price of property coming to market in Britain hits a record this month, 2.4% (+£7,640) higher than in March pre-lockdown, and the 3.7% annual rate of increase is the highest since December 2016 Mini-boom gathers momentum as all nations reopen and…
Rightmove
Record rents outside London, though landlord shift from holiday lets sees capital’s rents fall
Asking rents outside London hit a record of £845 per month, up 3.4% on the same time last year, the highest annual rate since Q2 2016 Record rental demand as phone and email enquiries to agents hit a new all-time high on Monday 6th July, and rental demand is now 40% higher than this time…
Rightmove
Boost for southern commuter belt as demand jumps 49% for £400k-£500k homes
Since the stamp duty holiday announcement there has been a 49% surge in enquiries to agents for homes priced between £400,000-£500,000, compared to an overall uplift of 14% The tax saving of £15,000 has also increased demand for properties priced £500,001-£750,000, with enquiries up 40% Sales agreed in the week following the announcement saw the…
Rightmove
Augmented, Virtual Reality will Emerge as the New Normal in Real Estate
Virtual reality and real estate are going to become much more closely linked in the coming years. With the advent of 5G, it is expected that there will be a rise of 3D models that bring virtual reality planning and viewings to the real estate and property sector. VR has already proven to be a…
EAN Breaking News
What does the term ‘Fleecehold’ mean?
Though a word that have been around and discussed, usually with concern, fairly often we are now seeing a new trend of property appearing with the word ‘Fleecehold’ in the legal paperwork. So, what exactly does Fleecehold mean? Typically when you are purchasing a property it will be either leasehold or freehold. Leasehold means you…
Christopher Walkey
Stamp duty holiday helps the wider construction industry
Many people have criticised the Chancellor’s stamp duty holiday for including second home owners and investors and while this appears an oversight on the part of the Government, those critics should think more deeply about this decision. Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “The 3% surcharge on those who…
National Federation of Builders
Stamp duty holiday set to save homebuyers £15k in these areas
Chancellor of the Exchequer, Rishi Sunak, has today announced a stamp duty holiday for homebuyers, meaning any purchase up to £500,000 will be exempt from paying any tax. Estate agent, Barrows and Forrester, has looked at what this means for homebuyers across the nation. See the full data set for stamp duty savings at local…
Properganda PR
Stamp duty changes – Rightmove reaction and latest figures
There are over 510,000 properties that are under £500,000 on Rightmove in total, making up 81% of all properties for sale in England Over 291,000 properties under £500,000 are currently available for sale on Rightmove, making up 78% of all properties available for sale in England (i.e. they have not yet found a buyer) People…
Rightmove
Willenhall fastest moving market as upper end Inner London takes slow lane
Over half of all newly listed properties for sale since the market reopened have already found a buyer in the Midlands market town of Willenhall, making it the fastest moving market in England The study reveals the slower markets are in Inner London and a few southern commuter towns including South Kensington, Paddington, Sunbury-on-Thames and…
Rightmove
Record day for overseas home-hunting as travel restrictions are eased
Searches for property overseas hit an all-time high as the government announced plans to relax blanket restrictions on non-essential overseas travel The surge in interest for homes abroad equated to more than one million searches in a single day – the first time Rightmove Overseas has surpassed this milestone This pent-up demand converted into enquiries…
Rightmove
NFB members are ready to ‘Build, Build, Build’
Prime Minister Johnson has announced that the Government is ready to ‘build, build, build’ and unlock a raft of opportunities through planning, investment and funding. Richard Beresford, chief executive for the National Federation of Builders (NFB), said: “The Prime Ministers speech is exactly what was needed. NFB members have been calling for Government intervention…
National Federation of Builders
Contract take-up and record leads
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that almost 500 estate agent branches are now contracted under the Company’s most recent listing offers, which issue welcome shares to each business owner. Contract take-up Of the branches signing up to the new listing agreements, more than 60% are currently contracted to either…
Vikki Bennett
Initial cost of renting up 24% in parts of the nation despite tenant fee ban
The initial financial hurdle of securing a rental property has increased by as much as 24% in some parts of the national property market, according to rental deposit replacement scheme Ome. Ome looked at the current initial cost of securing a rental home, based on one month’s rent plus a deposit of five weeks’ rent…
Properganda PR