Breaking News
New sellers spring into action and new record for home-hunter visits
The spring selling season has started at a level not seen in a decade, with the number of sales being agreed on Tuesday 23rd March being the highest daily number recorded over the past ten years A new record was set for visits by home-hunters to Rightmove this week, with over 9.1 million visits on…
Rightmove
BREAKING NEWS – top 5 stories 26/03/2021
RETAIL SALES ONLINE INCREASING FROM 20% LAST FEBRUARY TO 36% THIS FEBRUARY As reported in the Times, the amount of the complete spend in retail increased to 36% via online shopping an increase of 16%, from the 20% headline figure last February. Whilst real estate or estate agency may not see itself as in the…
Andrew Stanton
Jump in chain-free homes as owners sell up and rent in short-term
One in five (21%) available properties on Rightmove are now chain-free, a jump from around one in six (15%) this time last year as sellers look to take advantage of record buyer demand The percentage of chain-free homes available is up in all regions and the biggest shift is in London, jumping from 12% of…
Rightmove
BREAKING NEWS – top 5 stories 25/03/2021
MORE POSSIBLE PROPERTYMARK SPIN FROM INTERIM CEO NATHAN EMERSON Apparently, the new CEO of Propertymark who is keeping the seat warm is trying to launch a charm offensive saying that Propertymark is transparent and losing 15% of the c-suite is normal churn. My thoughts are we have now all entered the ‘twilight zone’ some more…
Andrew Stanton
BREAKING NEWS – top 5 stories 24/03/2021
CHANCELLOR FAILS TO WEILD THE TAX KNIFE ON HOUSING MARKET Yesterday – Tax Day – a separate day set aside to deal with possible changes to the fiscal policies of the government, it had been expected that Rishi would possibly change two key areas in property taxation. The first was to further play around with…
Andrew Stanton
BREAKING NEWS – top 5 stories 23/03/2021
ANOTHER NATIONAL HOUSE BUILDER EYES LARGE PROFITS LATER IN THE YEAR Crest Nicholson looks set to achieve a £85M pre-tax profit by October, which is higher than was expected. This anticipated cash fillet has been pushed on by the pandemic, the amount of people reserving new homes whilst locked down, and the push to beat…
Andrew Stanton
£12.3m energy-efficient makeover for hundreds of Nottingham homes
Almost 700 homes across Nottingham are set to benefit from state-of-the-art measures that will make them warmer and more energy efficient. Nottingham City Council has secured Government grants totalling £9m to carry out a range of improvements in social and private housing which will give residents warmer homes and low energy bills. The remainder of…
EAN Content
BREAKING NEWS – top 5 stories 22/03/2021
HUNTERS NOW OFFICIALLY PART OF THE PROPERTY FRANCHISE GROUP The sales of the Hunters Group to the TPFG was finalised last week, growing the footprint of the group, Hunters has within it a number of successful brands including Countrywide Properties. ON THE MARKET TO ACQUIRE ALL OF GLANTY Already owning 20% of the company Glanty,…
Andrew Stanton
BREAKING NEWS – top 5 stories 19/03/2021
PURPLEBRICKS HAS NEW HIRE – BUT WILL IT BE ENOUGH TO SAVE THEM? Chris Beckworth has now joined Purplebricks as CSO – Chief Sales Officer, I wish him good luck as Purplebricks is going to need extra revenue to keep going. Despite a financial pundit recently stating that with 100M in the bank and 115…
Andrew Stanton
BREAKING NEWS – top 5 stories 18/03/2021
YOTI AND CONNELLS ANNOUNCE TIE UP I must declare an interest here as with my other hat on as Founder and CEO of Proptech-PR YOTI are a client, but the news that Connells has switched to using their services is without doubt a winner for all parties. Without boring everyone the capabilities and pricing and…
Andrew Stanton
BREAKING NEWS – top 5 stories 17/03/2021
WILL THE GOVERNMENT REFORM CAPITAL GAINS TAX? Despite the 3rd of March budget, CGT is still a hot potato with consultation taking place at present to see what is ‘best policy’. The ramifications for the property industry could be severe, as presently the tax payable on a second property at point of disposal is 28%…
Andrew Stanton
BREAKING NEWS – top 5 stories 16/03/2021
ANTI-MONEY LAUNDERING COMPLIANCE NOT JUST A PROPERTY PROFESSIONALS OBLIGATION NatWest bank has had criminal proceeding brought against it by the FCA, over the receipt of just one amount totalling £264M. The actual alleged offence dates back four years, but now NatWest may find itself in the dock. Given that the real estate sector in the…
Andrew Stanton
BREAKING NEWS – top 5 stories 15/03/2021
MODERN METHOD OF AUCTION – MILTON RODOSTHENOUS AIRS HIS VIEW A debate is developing regarding exactly who benefits from the Modern Method of Auction, an alternative to the mainstream sale by private treaty process. Founder of Lets Bid, Milton Rodosthenous has stated that some using the system charge large non-refundable deposits, whereas his company is…
Andrew Stanton
Rightmove House Price Index: Strongest spring sellers’ market in the past decade
Greatest excess of demand over supply over the past ten years, pushing up the average price of property coming to market by 0.8% (+£2,484) this month: Number of potential buyers enquiring about each available property in the month is at a record, and is 34% higher than the same period a year ago, which was…
Rightmove
BREAKING NEWS – top 5 stories 12/03/2021
SAVILLS SEES PROFITS HIT Pre-tax profit fell by 28%, down to £96M from £115M, Savills are bullish about the coming year, but clearly there are clouds on the horizon with a raft of Nom-Dom taxes on the horizon from April. Clearly, they have a global brand, but in an uncertain world, financial liquidity is certainly…
Andrew Stanton