Breaking News
Breaking Property News – 06/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. 4Sale – Kuwait’s classifieds platform launches online Real Estate Brokerage ‘4Sale Realty’ Premium digital experience is looking to shake up Kuwait’s $12 billion real estate market, offering commercial and residential property for anyone to buy, rent, and sell effortlessly in Kuwait PRESS RELEASE Kuwait City,…
Andrew Stanton
Breaking Property News – 03/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Radius Agent raises £10.68M to help American Real Estate agents become Brokerage Owners Presently the company helps more than 85,000 agents save 6-8 hours per transaction and earn £20.5B in referrals. Press Release 02/11/2023 San Francisco, CA – Radius Agent, a US based agent-centric real estate company,…
Andrew Stanton
Single first-time buyers unable to afford 75% of homes using mortgage guarantee scheme
New analysis using the latest earnings data from ONS shows single first-time buyers on the average salary could not afford to use the government’s 95% mortgage guarantee scheme on three quarters of properties in the typical first-time buyer market In London, a single first-time buyer on an average London salary could afford only 2% of…
Rightmove
Breaking Property News – 02/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Property sales drop by 17% and other key indicators show a declining marketplace Against the same three-month period last year the number of properties that completed in the UK dropped by 17%, analysis from HMRC reveals. This alone would be cause for concern, but…
Andrew Stanton
Breaking Property News – 01/11/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. tlyfe tenant App proves to be winning combination for tenants and letting agents Full disclosure – I have in my role as a consultant to Proptech Founders been involved with Adam Pigott CEO of Openbrix/tlyfe and the rest of his team for some years. At…
Andrew Stanton
Lowest 85% mortgage rate drops below 5% for the first time since June
Headline stats The average 5-year fixed mortgage rate is now 5.36%, down from 5.97% a year ago The average 2-year fixed mortgage rate is now 5.81%, down from 6.22% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.44%, down from 6.00% a year ago The average 60% LTV 5-year…
Rightmove
Rightmove’s weekly mortgage tracker 01/11/23
Headline stats The average 5-year fixed mortgage rate is now 5.38%, down from 6.02% a year ago The average 2-year fixed mortgage rate is now 5.84%, down from 6.24% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.48%, down from 6.01% a year ago The average 60% LTV 5-year fixed…
Rightmove
Breaking Property News – 31/10/2023 – Happy Halloween
Daily bite-sized proptech and property news in partnership with Proptech-X. Bank of England decides on 2nd of November what happens to lending rates After moving upwards 14-times, the Bank of England failed to increase the base rate when it last met in Sptember 2023, but will this Thursday see rates, rise, stay the same…
Andrew Stanton
WEEKLY NEWS ROUND UP – 27/10/23
A roundup of the week’s top property and proptech news stories in partnership with Proptech-X CoStar Group looks to acquire OnTheMarket and topple Rightmove Backed by Costar Group’s fortress balance sheet, the acquisition seeks to create number one UK property portal by combining the strengths of leading commercial property site, CoStar, with OnTheMarket’s large network…
Andrew Stanton
Breaking Property News – 26/10/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Property Inspect reviews three types of shared rental accommodation for landlord investors The increasing cost of living and inflated mortgage interest rates are causing more people to consider the option of shared rental accommodation, which is giving landlords and property investors something to think about…
Andrew Stanton
Rightmove’s weekly mortgage tracker 25/10/23
Rightmove’s mortgage expert Matt Smith says: “Last week’s inflation numbers have not had any material impact on rates, and they’ve continued to slowly creep downwards. It could be just a matter of days before we start seeing sub 5% rates in the higher Loan-To-Value (LTV) brackets, which would be a first since June and could…
Rightmove
Breaking Property News – 25/10/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Ascendix thought leadership on real estate software and commercial real estate trends Wes Snow CEO of Ascendix shares once again more thoughts and analysis, giving his personal overview on real estate software and commercial real estate technologies that simplify workflows and soften the challenges in adopting great products….
Andrew Stanton
Breaking Property News – 24/10/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Bricks&Logic on how innovative data analysis creates trusted housing market oversight Michael Joyner, Chief Data Scientist at Bricks&Logic explains in this thought leadership commentary how the company utilises data in an innovative process which guarantees accurate market oversight that occurs in real time. Explaining in…
Andrew Stanton
Rightmove to host webinars with Google and the Bank of England
The latest guests to join Rightmove’s Autumn webinar schedule include a Generative AI expert from Google (today), and representatives from the Bank of England (Tuesday 7th November). Generative AI: agents’ questions answered – Today (Tuesday 24th October), 10am Generative AI expert Michelle Liu will be taking part in a live Q&A for agents. …
Rightmove
Breaking Property News – 23/10/2023
Daily bite-sized proptech and property news in partnership with Proptech-X. Chesterons UK acquired by Proptech Emeria Proptech – Property technology – the digital transformation of real estate – it is quite a simple formula – instead of trying to sell into and then retrofit piece by piece new operating models and software into disengaged…
Andrew Stanton