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Breaking Property News – 13/12/23

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   Propflo secures £860k to develop ‘Retrofit-as-a-Service’ for mortgage industry PRESS RELEASE Bristol, December 2023. Propflo, an AI property platform, has been awarded over £860,000 by Innovate UK to further develop advanced data-driven portfolio approach to net zero and scale its ‘Retrofit-as-a-Service’ solution for lenders, intermediaries and…

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Andrew Stanton

Love or Hate Rightmove

Boxing Day Bounce: New properties to market triple since pre-pandemic

 

New Rightmove analysis ahead of the festive period reveals that the number of homes being listed by estate agents on Boxing Day has nearly tripled (+173%) since pre-pandemic 2019 Last year, a record number of new sellers came to market on Boxing Day, 46% higher than 2021 Sellers who list on Boxing Day are in…

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Rightmove

Love or Hate Rightmove

Average 5 year fixed mortgage rate drops from 6.11% at peak to 5.07% – Rightmove’s weekly mortgage tracker

 

Matt Smith, Rightmove’s mortgage expert said: “No news is often good news when it comes to the mortgage market, and yet another week – the 20th in a row – of marginal percentage point drops is positive news for home-movers. Swap rates have also remained steady this week, but fell further on the back of…

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Rightmove

Breaking Property News – 12/12/23

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   Purplebricks.2 now sells your home for free – but at what cost to the backers? PRESS RELEASE Solihull, 12 December 2023 – Purplebricks, the UK’s most popular estate agency1, will disrupt the housing market by allowing customers to sell their homes for free as part of a…

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Andrew Stanton

Breaking Property News – 11/12/23

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   Paul Starkey – Reflections on what good looks like in Agency & Agency Technology from the man in the know For those who do not know Paul Starkey, maybe it is time that you should, I have in the past years asked Paul as an…

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Andrew Stanton

Love or Hate Rightmove

Rightmove House Price Index: Signs of family movers returning as market stabilises

 

Average new seller asking prices drop by 1.9% (-£6,966) this month to £355,177. Prices usually fall in December due to seasonal factors, but this month’s drop is bigger than the previous 20-year average of 1.5% as sellers get more competitive The 2023 market was more resilient than many predicted as it continued its slow transition…

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Rightmove

Breaking Property News – 07/12/23

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   Blend of short-tail and long-tail lead generation strategies is crucial for estate agents In the ever-evolving estate agency sector, the game-changing role of digital marketing is more evident than ever. Recognising the significance of a well-rounded approach, today’s estate agents are urged to embrace…

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Andrew Stanton

Love or Hate Rightmove

Rightmove’s weekly mortgage tracker – 06/12/23

 

The average 5-year fixed mortgage rate is now 5.11%, down from 5.36% a year ago The average 2-year fixed mortgage rate is now 5.52%, down from 5.61% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.20%, down from 5.37% a year ago The average 60% LTV 5-year fixed mortgage rate…

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Rightmove

Love or Hate Rightmove

Rightmove Happy at Home Index 2023: Richmond upon Thames named happiest place to live by residents

 

The borough of Richmond upon Thames in London has been crowned the happiest place to live in Great Britain, followed by Winchester in Hampshire: It’s the first time a London location has topped Rightmove’s Happy at Home Index, now in its 12th year Monmouth in Wales takes third place, the first time an area from…

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Rightmove

Breaking Property News – 05/12/23

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   Stafford Railway Building Society partners with climate and energy Proptech PropEco UK-based lender The Stafford Railway Building Society (SRBS) has partnered with leading climate-tech company PropEco, enhancing its ability to assess energy performance and anticipate the potential impacts of climate change across its mortgage portfolio. Through the partnership, PropEco will…

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Andrew Stanton

Breaking Property News – 04/12/23

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   OnTheMarket has a new owner CoStar Group who looks to become the UK’s number one property portal With more than nine out of every ten existing shareholders in OnTheMarket, the present third largest property portal in the UK, voting to accept the sale of…

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Andrew Stanton

Love or Hate Rightmove

Rightmove 2024 forecast: prices to drop by 1% as competition increases among sellers

 

Rightmove predicts that average new seller asking prices will be 1% lower nationally by the end of 2024, as the market continues its transition to more normal levels of activity following the frenetic post-pandemic period.  Motivated sellers are likely to have to price more competitively to secure a buyer in 2024, and agents will work…

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Rightmove

Breaking Property News – 01/12/2023

 

Daily bite-sized proptech and property news in partnership with Proptech-X. Full material Information Guidance B & C published by NTSELAT all you need to know New guidance for sales and letting agents covers all three phases of programme Aim is to help agents to meet their existing legal requirements under the CPRs Material information guides…

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Andrew Stanton

Breaking Property News – 30/11/2023

 

Daily bite-sized proptech and property news in partnership with Proptech-X.   iamproperty announces appointment of Mark Lewis as New Group Chair Press Release London 29th November 2023: iamproperty is pleased to welcome Mark Lewis as Group Chair. The appointment comes at a key time for the business, with work well underway to deliver its vision of an integrated ecosystem…

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Andrew Stanton

November’s Top 10 Celebrity Real Estate News: Julia Roberts, Katy Perry & Rihanna

 

Julia Roberts Sells San Francisco Home In 8 Days Julia Roberts sold her San Francisco home for $11.3 million in just eight days. Julia bought the Presidio Heights five-bedroom home with 6,300 square feet in 2020 for $8 million. Fortunate Son Gets Deal On Sly Home Sylvester Stallone has sold his LA mansion to Credence…

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