Breaking News
Record number of homes selling for asking price or above
The latest available sold price data from Land Registry reveals more than a third of homes have achieved their final asking price or above (37%), the highest percentage recorded by Rightmove This is a jump from 28% in January 2020, and significantly higher than the long-term average of 23% between 2005 and 2021 The frenetic…
Rightmove
BREAKING NEWS – top 5 stories 24/06/2021
CMA TURNS UP THE HEAT ON NEW HOME LEASEHOLD SCANDAL After two years of setting up an investigation, where the CMA (competitions and Marketing Authority) looked closely into the widespread practice of making some new homes subject to a leasehold agreement, where charges could be racked up, making some properties unsaleable, and owners facing huge…
Andrew Stanton
BREAKING NEWS – top 5 stories 23/06/2021
CONNELLS & YOTI IN TIE UP OVER DIGITAL IDENTIFICATION YOTI who specialise in a digital solution to identifying an individual, so that everyone can deal with that person knowing they are actually doing so, have recently acquired Connells as a client. Though I must disclose that YOTI are a client of my company Proptech-PR, having…
Andrew Stanton
BREAKING NEWS – top 5 stories 22/06/2021
IS AIRBNB KILLING THE PRIVATE TENTAL SECTOR According to a report in the Guardian recently, they found that though there were only 62 properties in the Cornwall are listed on Rightmove for rent, Airbnb by contrast had over 10,000 listings for accommodation in the same area. So two things at play, holidaymakers seem to be…
Andrew Stanton
BREAKING NEWS – top 5 stories 21/06/2021
JUST EIGHT WORKING DAYS TO END OF STAMP DUTY HOLIDAY The 30th of June 2021, is the hard stop date for the full SDLT ‘holiday’ that the Chancellor put in place, and it coming upon all of the those in the sector at a pace. To get the benefit, up to £15,000 of relief, properties…
Andrew Stanton
BREAKING NEWS – 18/06/2021
RICS INDEPENDENT REVIEW FINDINGS NOW LIKELTY TO BE PUBLISHED A MONTH LATE It would appear that the RICS review is running behind again, it was originally derailed by the original person looking into the matter not being able to finish the review, which meant that Ms Levitt was put into bat as the second option,…
Andrew Stanton
BREAKING NEWS – top 5 stories 17/06/2021
HOUSING MARKET FLYING AHEAD – BUT PRIVATE RENTAL MARKET HAS 800,000 IN ARREARS It may be Boom time for the residential housing sector, but the National Residential Landlords Association feels that as many as 0.8M tenants are behind with the rent to their respective private landlords. The pandemic is seen as the common factor, with…
Andrew Stanton
BREAKING NEWS – top 5 stories 16/06/2021
BIG DEVELOPER SETS ASIDE OVER £10M TO COVER POSSIBLE CLADDING AND FIRE ISSUES Willmott Dixon has put another £5M plus in a fund that already had almost the same amount in it, specifically to be used to deal with any upcoming problems relating to buildings they erected which may need remedial work. The monies will…
EAN Content
BREAKING NEWS – top 5 stories 15/06/2021
FENTON WHELAN PRIME DEVELOPMENT STARTS SUCCESFULLY SELLING VIA DIGITAL STRATEGY Personally, knowing that last year 60% of property investors buying in the UK bought ‘off plan’ so virtual ‘digital marketing’ of a development is a perfect solution, which saves time and builds in efficiency. The ‘Park Modern’ development of Prime properties located in London, were…
Andrew Stanton
BREAKING NEWS – top 5 stories 14/06/2021
RESEARCH SUGGESTS GOVERNMENT BACKED 95% LOANS FOR FTB’s DISTORTS HOUSING MARKET Recent analysis suggests that Landlord’s are finding it harder to buy housing stock, as a swathe of FTB’s are using the new funds that the government has set aside in a new scheme. The scheme underwrites the risk element in 95% loan to value…
Andrew Stanton
BREAKING NEWS – 11/06/2021
ONE OF THE BUSIEST SALES MARKETS IN HISTORY “No one would have predicted that 2021 to date, would be one of the busiest sales markets in history, with properties flying off our agents’ books,” says Iain McKenzie, CEO of The Guild of Property Professionals. “Life is once again starting to resemble some sort of normality…
Andrew Stanton
BREAKING NEWS – top 5 stories 10/06/2021
YOTI HOSTS FREE LIVE -‘TECHNOLOGY TRENDS AND STRATEGY’ – WEBINAR – 8th JULY 2021 For anyone interested and those who are not, digital transformation abounds in real estate. On the 8th of July, YOTI who are ahead of the curve with regard to providing a digital unified truth around the identity of a person, the…
Andrew Stanton
BREAKING NEWS – top 5 stories 09/06/2021
COMPLETIONS UP BY 25% IN FIRST THREE MONTHS OF 2021 The results are in and according to HMLR completions are up by nearly a quarter to over 240,000 in Q1, as opposed to only 190,000 plus completions in Q4 2020. Obviously, there is a lag here between fresh sales agreed and exchange and completion, so…
Andrew Stanton
Biggest sales pipeline in a decade & buyers undeterred by stamp duty holiday ending
More than 700,000 homes are marked Sold Subject to Contract and going through the sales process, the highest number Rightmove has recorded over the past ten years and 78% higher than in May 2019 New research among buyers expecting to benefit from the stamp duty holiday has found only 4% would abandon their plans to…
Rightmove
BREAKING NEWS – top 5 stories 08/06/2021
ONLY 17-WORKING DAYS TO COMPLETE TO BEAT PAYING EXTRA SDLT There are, for a large amount of people who have not yet exchanged, and only 17-working days to get to exchange and completion in time to embrace the Chancellors’ SDLT holiday. With tens of thousands of sales still not over the line, it is going…
Andrew Stanton