Breaking News
BREAKING NEWS – top 5 stories 23/03/2021
ANOTHER NATIONAL HOUSE BUILDER EYES LARGE PROFITS LATER IN THE YEAR Crest Nicholson looks set to achieve a £85M pre-tax profit by October, which is higher than was expected. This anticipated cash fillet has been pushed on by the pandemic, the amount of people reserving new homes whilst locked down, and the push to beat…
Andrew Stanton
£12.3m energy-efficient makeover for hundreds of Nottingham homes
Almost 700 homes across Nottingham are set to benefit from state-of-the-art measures that will make them warmer and more energy efficient. Nottingham City Council has secured Government grants totalling £9m to carry out a range of improvements in social and private housing which will give residents warmer homes and low energy bills. The remainder of…
EAN Content
BREAKING NEWS – top 5 stories 22/03/2021
HUNTERS NOW OFFICIALLY PART OF THE PROPERTY FRANCHISE GROUP The sales of the Hunters Group to the TPFG was finalised last week, growing the footprint of the group, Hunters has within it a number of successful brands including Countrywide Properties. ON THE MARKET TO ACQUIRE ALL OF GLANTY Already owning 20% of the company Glanty,…
Andrew Stanton
BREAKING NEWS – top 5 stories 19/03/2021
PURPLEBRICKS HAS NEW HIRE – BUT WILL IT BE ENOUGH TO SAVE THEM? Chris Beckworth has now joined Purplebricks as CSO – Chief Sales Officer, I wish him good luck as Purplebricks is going to need extra revenue to keep going. Despite a financial pundit recently stating that with 100M in the bank and 115…
Andrew Stanton
BREAKING NEWS – top 5 stories 18/03/2021
YOTI AND CONNELLS ANNOUNCE TIE UP I must declare an interest here as with my other hat on as Founder and CEO of Proptech-PR YOTI are a client, but the news that Connells has switched to using their services is without doubt a winner for all parties. Without boring everyone the capabilities and pricing and…
Andrew Stanton
BREAKING NEWS – top 5 stories 17/03/2021
WILL THE GOVERNMENT REFORM CAPITAL GAINS TAX? Despite the 3rd of March budget, CGT is still a hot potato with consultation taking place at present to see what is ‘best policy’. The ramifications for the property industry could be severe, as presently the tax payable on a second property at point of disposal is 28%…
Andrew Stanton
BREAKING NEWS – top 5 stories 16/03/2021
ANTI-MONEY LAUNDERING COMPLIANCE NOT JUST A PROPERTY PROFESSIONALS OBLIGATION NatWest bank has had criminal proceeding brought against it by the FCA, over the receipt of just one amount totalling £264M. The actual alleged offence dates back four years, but now NatWest may find itself in the dock. Given that the real estate sector in the…
Andrew Stanton
BREAKING NEWS – top 5 stories 15/03/2021
MODERN METHOD OF AUCTION – MILTON RODOSTHENOUS AIRS HIS VIEW A debate is developing regarding exactly who benefits from the Modern Method of Auction, an alternative to the mainstream sale by private treaty process. Founder of Lets Bid, Milton Rodosthenous has stated that some using the system charge large non-refundable deposits, whereas his company is…
Andrew Stanton
Rightmove House Price Index: Strongest spring sellers’ market in the past decade
Greatest excess of demand over supply over the past ten years, pushing up the average price of property coming to market by 0.8% (+£2,484) this month: Number of potential buyers enquiring about each available property in the month is at a record, and is 34% higher than the same period a year ago, which was…
Rightmove
BREAKING NEWS – top 5 stories 12/03/2021
SAVILLS SEES PROFITS HIT Pre-tax profit fell by 28%, down to £96M from £115M, Savills are bullish about the coming year, but clearly there are clouds on the horizon with a raft of Nom-Dom taxes on the horizon from April. Clearly, they have a global brand, but in an uncertain world, financial liquidity is certainly…
Andrew Stanton
BREAKING NEWS – top 5 stories 11/03/2021
RIGHTMOVE ON THE BLINK Last week I noticed that my local agent was having problems uploading new stock to Rightmove. Having made an investigation into it – Rightmove suggested it was an isolated incident and it was possibly the agent and their system that created the problem. Now from information that Rightmove has sent out…
Andrew Stanton
Ropa Old Before Its Time & Propertymark – Project Fear
The chief architects of RoPA are over 80 years old and 75 years old. Real estate is nearer the needs and buying habits of Gen-Z who now populate over three quarters of the global population. Maybe instead of trying to reverse engineer real estate, and put in place a set of gatekeepers, kick over the…
Andrew Stanton
BREAKING NEWS – top 5 stories 10/03/2021
FINANCE CHIEF OF PROPERTYMARK RESIGNS – SEVEN DEPARTURES IN 10 MONTHS Following on from our reporting yesterday Kate Hawkins Chief Finance Officer has resigned to ‘seek other opportunities’. Also a non-executive Helen Herniman has resigned, this means that in the last 10 months;- the Chair has left, David Cox has left, Mark Hayward has left,…
Andrew Stanton
Rental searches surges in Zones 1 & 2 as renters seek return
There are signs renters are taking advantage of falling prices by planning a move to Zones 1 & 2, with searches on Rightmove doubling in areas like Nine Elms, Battersea, and Clapham All of Rightmove’s top 10 latest rental hotspots are in Zones 1 & 2, a stark contrast to last August’s rental searches, when…
Rightmove
BREAKING NEWS – top 5 stories 09/03/2021
PROPERTYMARK – THE FARCE CONTINUES In a desperate attempt to claw back some form of authority, following the numerous mysterious departures, and financial irregularity over non-payment of VAT. Propertymark has just issued a four-point vision of itself and its future. My advice is that it should put their own house in order before pontificating to…
Christopher Walkey