Breaking News
Prices hit record high as properties sell at fastest pace ever recorded
National average price of property coming to market hits a new all-time high of £327,797, following a 2.1% (+£6,733) monthly jump Encouragingly, 145,000 properties were newly marketed this month, but not enough to meet buyer demand: Number of sales agreed up by 55% on same period two years ago, reducing the stock of properties that…
Rightmove
BREAKING NEWS – top 5 stories 16/04/2021
MORE THAN 6% OF THE PRS HAS BEEN ISSUED A SECTION 21 NOTICE IT IS ALLEDGED Due to Covid, at present the government and the courts are not moving forward with tenant evictions, which means bailiffs can’t remove tenants who might under normal circumstance be required to leave their rented accommodation. Though it is not…
Andrew Stanton
BREAKING NEWS – top 5 stories 15/04/2021
MORE THAN 6% OF THE PRS HAS BEEN ISSUED A SECTION 21 NOTICE IT IS ALLEDGED Due to Covid, at present the government and the courts are not moving forward with tenant evictions, which means bailiffs can’t remove tenants who might under normal circumstance be required to leave their rented accommodation. Though it is not…
EAN Content
BREAKING NEWS – top 5 stories 15/04/2021
STORM CLOUDS OVER FOXTONS BIG PAY TO CEO CEO Nic Budden is in the hot seat as he looks to scoop a pay package of around £1.6M, at a time that Foxtons took over £2.5M in business rates relief, and over £4m in furlough payments. This looks like a mis-managed situation that Foxtons would do…
Andrew Stanton
BREAKING NEWS – top 5 stories 14/04/2021
WE ARE DOWN TO OUR LAST FOUR SALEABLE PROPERTIES A Bedfordshire based Independent agent has stated yesterday that they only have four properties on their books that are saleable, as they have agreed sales on the others, or the other housing stock is ‘mot realistically priced’. The veteran agent said that the present hot market…
Andrew Stanton
Newquay hottest seller’s market with eight in 10 homes sold
Newquay in Cornwall has been named the hottest seller’s market right now, with 82% of all properties put up for sale this year already sold subject to contract City centres are still moving much more slowly, with Birmingham city centre the top buyer’s market, where only 18% of properties are sold subject to contract The…
Rightmove
BREAKING NEWS – top 5 stories 13/04/2021
STEPHEN MURPHY NAMED AS NEW CHAIR OF BOOMIN The C-suite of Boomin looks like it has gained a major coup with the appointment of Stephen Murphy (Ex-CEO Virgin), and there is also news of a £25M funding round. Both of these factors clearly show that Boomin is very much in it for the long haul,…
Andrew Stanton
BREAKING NEWS – top 5 stories 12/04/2021
72% INCREASE IN SALES AGREED IN MARCH 2021 VERSUS MARCH 2020 There are many agents now stating openly that there is not enough inventory to sell and also that heated bidding wars are breaking out on key properties in prime areas. According to TwentyEA data 162,000 sales were agreed in March 2021. That is a…
Andrew Stanton
BREAKING NEWS – top 5 stories 09/04/2021
HOUSING MARKET – WILL IT BE BOOM OR BUST? There are conflicting reports about which way the housing market of 2021 will go. Will it continue strong through the year or falter after June? Having been in that 1988 market and personally selling four properties a week consistently for a year, only to go on…
Andrew Stanton
BREAKING NEWS – top 5 stories 08/04/2021
COMPLETIONS IN MARCH – AT A HIGH POINT Data showing the amount of completions as recorded at HMLR for March show an uptick on previous records. Given that until the Chancellor’s intervention, March 31st was set to be the hard stop SDLT holiday deadline, this is to be expected. What will be of more interest…
Andrew Stanton
BREAKING NEWS – top 5 stories 07/04/2021
MANY CONVEYANCERS FEEL THAT JUNE SDLT EXTENSION DATE IS IMPOSSIBLE TO REACH According to a recent poll conducted by ‘Today’s Conveyancer’ over 60% of conveyancers who showed an opinion are now giving a full stamp duty quote to any new clients. This is in line with thinking that any new residential sales agreed will not…
Andrew Stanton
BREAKING NEWS – top 5 stories 06/04/2021
BOOMIN GOES LIVE LAUNCHES WITH TV AND MARKETING CAMPAIGN As of the 2nd of April Boomin is now live, and many will have seen the TV adverts that are hitting the screens, plus other advertising across the media. With the advent of a very different proposition for the B2B and B2C market, it will be…
Andrew Stanton
BREAKING NEWS – top 5 stories 31/03/2021
OVER 10% OF SALES AGREED IN FEBRUARY ACHIEVED MORE THAN ASKING PRICE According to recent figures – some key properties in key areas and price brackets are being fiercely fought over, leading to selling prices in excess of the marketing price. This re-enforces the message that at present the market is very much a sellers’…
Andrew Stanton
BREAKING NEWS – top 5 stories 30/03/2021
STEPLADDER LOOKS FOR FURTHER PEER TO PEER FUNDING Stepladder a platform that ‘helps’ buyers have a deposit for their home, via a collective/lottery style enterprise, and which was founded in 2015, and has already had over 1.25M of investment is now looking for another 10% via a peer-to-peer lender. As many know I am not…
Andrew Stanton
BREAKING NEWS – top 5 stories 29/03/2021
STOP PRESS! HOUSING MARKET HAS RUN OUT OF PROPERTY TO SELL BY 50% – IT IS OFFICIAL According to latest analysis by TwentyEA, the amount of housing stock available to sell is at an all time low. It reports that, ‘The South West has the lowest level of available stock at just 2.2 months and…
Andrew Stanton