Breaking News
BREAKING NEWS – 5 top stories 10/02/2021
CLADDING CRISIS DEEPENS The cladding crisis, a problem where buildings are not fit for purpose due to their construction methods and materials, and a change in thinking following the Grenfell disaster is now becoming more intense. With a government spat likely to kick off later today, the housing minister wants to keep the lid on…
Andrew Stanton
BREAKING NEWS – 5 top stories 09/02/2021
RIGHTMOVE DEFENDS PRICE INCREASES BY STATING IT IS GIVING ENHANCED SERVICES With even more agents saying they are being faced with a 10% increase in their fees to Rightmove, the portal is now pushing the agenda that they are offering enhanced services to agents. Having now been contacted by over 300 agents, I think that…
Andrew Stanton
BREAKING NEWS – 5 top stories 08/02/2021
NATIONAL RESIDENTIAL LANDLORDS ASSOCIATION CALLS FOR REDUCTION IN SDLT Ben Beadle the reactive and sensible voice of lettings, and CEO of NRLA, has asked that the government look again at removing the additional tax that Landlord’s pay when buying investment property. Citing it increases rental prices as its cost has to be mitigated, also it…
Andrew Stanton
BREAKING NEWS – 5 top stories 05/02/2021
RIGHTMOVE HIKES PRICE TO AT LEAST ONE AGENT BY 11% AND MAYBE GAINS MILLIONS We have had sight of a notice from Rightmove that the baseline monthly subscription fee will be rising by 11.27%, a £140 monthly hike, as agents have had such a bumper year in 2020. Doing the mathematics if this type of…
Andrew Stanton
Busiest January on record with new buyers undeterred by stamp duty holiday ending
Rightmove has recorded its busiest ever January, with visits to the site up by 39% on January 2020 and time spent on Rightmove up by 44% Prospective buyers contacting estate agents was up by 7% on January last year, and those enquiring about a property to rent was up by 14% The number of sales…
Rightmove
BREAKING NEWS – 5 top stories 04/02/2021
BARRATT HOMEBUILDER REVENUE INCREASES BY 10% IN LAST SIX MONTHS The head of the national housebuilders chief, David Thomas has reported growth in the past six months, and foresees that by June their year end completions will be at a comfortable level, ‘I would like to say a huge thank you to all of our…
Andrew Stanton
BREAKING NEWS – 5 top stories 03/02/2021
IS THE HOUSING MARKET STALLING? New analysis by a major lender is suggesting that the Propertymark in residential sales could be hitting the buffers, the economic advisor Robert Gardner for Nationwide building society has been quoted as saying that the muted January market, ‘reflects a tapering of demand ahead of the end of the stamp…
Andrew Stanton
BREAKING NEWS – 5 top stories 02/02/2021
GOVERNMENT DEBATE EXTENSION OF SDLT HOLIDAY There was a general consensus by those giving evidence, at the live debate yesterday that constituents and MP’s were generally in favour of an extension or tapering of stamp duty, though having watched the debate it again reminded me that the most informed individuals, people who are reading this…
Andrew Stanton
BREAKING NEWS – 5 top stories 01/02/2021
SDLT HOLIDAY EXTENSION DEBATED TODAY At 4.30 pm today the government will debate an extension to the ‘stamp duty’ holiday, the petition seeks to extend the present non-payment of the tax in its present form until the 31st of September. With Lockdown 3.0 and a large number of properties set to miss the present deadline, many…
Andrew Stanton
BREAKING NEWS – 5 top stories 29/01/2021
NEW INSTRUCTIONS AT A SEASONAL LOW Typically instructions start to come to the market from the second week of January, this trend has not occurred in 2021. Many agents are now scratching around for inventory to let and sell. One agent contacted today confirmed that fees were under huge pressure as the local agents were…
Andrew Stanton
BREAKING NEWS – 5 top stories 28/01/2021
ZPG LOOKS TO PIVOT ZOOPLA PORTAL MODEL In what has been widely signalled Zoopla is looking to refine its business model, with a bigger focus on nurturing prospective vendors looking to move, building in functionality around sales control and provide agents with a marketing suite. This move very much takes it into CRM territory and…
Andrew Stanton
When is Rent Arrears not Arrears? When it is a Moratorium Debt!
From 4 May 2021 landlords, in common with others owed money by individuals living in England and Wales will need to consider the effect of debt moratoriums. The new Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 come into force as from 4 May 2021 and will apply to…
EAN Breaking News
BREAKING NEWS – 5 top stories 27/01/2021
MONDAY 1ST FEBRUARY WATCH SDLT HOLIDAY DEBATE LIVE After immense pressure, the government is now allowing a debate on the extension of the SDLT holiday until the September, for those who are keen to see how it plays out, tune in https://www.youtube.com/watch?v=0420gQEA9Hs&feature=youtu.be. THE RELOCATION NETWORK CHANGES HANDS Richard Tucker who headed (RAN) is stepping down and the…
Andrew Stanton
City centre rents suffer as tenants look to suburbs
Asking rents in some of the UK’s biggest city centres saw annual falls of up to 12% in the last quarter of 2020 as some tenants swapped centres for suburbs Inner London has been hardest hit with average asking rents falling annually by 12.4%, followed by Edinburgh city centre down 10% and Manchester city centre…
Rightmove
BREAKING NEWS – 5 top stories 26/01/2021
CAN AGENTS SMOKE ON A ZOOM CALL IN THEIR OWN HOME? It is not clear what if any fallout can come from smoking in your own property, but if you are undertaking company business on a video conference call and you light up, will you fall foul of company procedures and be reprimanded? An owner…
Andrew Stanton