Breaking News
House Price Index – Prices up as activity bounces back but 175,000 sellers missing from the market
Average asking price of property coming to market in England up by an average of 1.9% (+£6,266), compared to March before the housing market was put on hold Over 175,000 missing sellers that couldn’t come to market from 24th March to 12th May, but they’ve sprung into action with record number of owners asking for…
Rightmove
NFB calls for major reform of CITB and no delay to consensus
Following mounting concerns from members, the National Executive Board of the National Federation of Builders (NFB) has unanimously called for major reforms to the CITB in order to support skills in the sector. The decision, made last week, follows concerns raised by the NFB’s Major Contractors Group (comprised of main contractors with a turnover of…
National Federation of Builders
Plans submitted for new apartments in Nottingham
Nottingham City Homes (NCH) has submitted a planning application for 48 new apartments in St Ann’s. If given the go ahead, the flats will go to people on the council house waiting list and will be built on the site of the former care home at Oakdene. If given planning permission, NCH expect to appoint…
EAN Content
NFB Events – Face to Face v Virtual
COVID-19 impacted every sector and everyone in the UK and across the world. Sporting events, concerts and all social contact was stopped or minimised. The National Federation of Builders event programme was no exception. Events planned needed to be postponed or the way they were delivered to members changed. The COVID-19 crisis meant that NFB…
National Federation of Builders
Flats drop out of most sought after property types as home-hunters seek more space
The most sought after property types being enquired about on Rightmove are now all houses and bungalows, with all types of flat dropping out of the top five: Renters looking for a garden has led to studio flats being replaced with two bed houses as the most sought after property type Buyers on the hunt…
Rightmove
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