Breaking News
BREAKING NEWS – 5 top stories 15/02/2021
NAEA PROPERTYMARK YET ANOTHER SURPRISE RESIGNATION The NAEA Propertymark president Kirsty Finney has resigned from her position, this follows a long line of departures from the Propertymark family in recent months, the CEO Mark Hayward left and then returned with a new title – Chief Policy Advisor, the Chair left and of course David Cox…
Andrew Stanton
Advisory panel set up to recommend the future of Broadmarsh site
Creative vision for space will be published in Summer 2021 Independently chaired by Greg Nugent of The Nottingham Project, the panel will feature national experts including Sir Tim Smit of Eden Project, Jerome Frost of ARUP UK and urban designer Kathryn Frith who will help the city make the most of incredible opportunity Panel will…
EAN Content
Rightmove House Price Index – Upwards price pressure resumes as demand grows while new sellers pause
After three consecutive monthly falls the average price of property coming to market surprisingly increases by 0.5% (+£1,522) this month, as upwards price pressure resumes One in five buyers who agreed a purchase in July last year have still not completed more than six months later, with an estimated 100,000 buyers in total still likely…
Rightmove
BREAKING NEWS – 5 top stories 12/02/2021
LSL STRATEGY TO MOVE DEEPER INTO DIGITAL LENDING QUICKENS LSL property services, which has a broad portfolio of operations has now gained ownership of Mortgage Gym a digital platform that used code to dice and slice the acceptability of those in need of house funding. Mortgage Gym had previously gone into administration at a point…
Andrew Stanton
BREAKING NEWS – 5 top stories 11/02/2021
GOVERNMENT FUDGE CLADDING ISSUE 3.5BN into the war chest to help the cladding problem for high rise properties, leaves a huge swathe of lower lying properties in the mire, with loans to these stakeholders who have to fit the bill; a very partial solution to a huge crisis. Jenrick the housing secretary has responded to…
Andrew Stanton
BREAKING NEWS – 5 top stories 10/02/2021
CLADDING CRISIS DEEPENS The cladding crisis, a problem where buildings are not fit for purpose due to their construction methods and materials, and a change in thinking following the Grenfell disaster is now becoming more intense. With a government spat likely to kick off later today, the housing minister wants to keep the lid on…
Andrew Stanton
BREAKING NEWS – 5 top stories 09/02/2021
RIGHTMOVE DEFENDS PRICE INCREASES BY STATING IT IS GIVING ENHANCED SERVICES With even more agents saying they are being faced with a 10% increase in their fees to Rightmove, the portal is now pushing the agenda that they are offering enhanced services to agents. Having now been contacted by over 300 agents, I think that…
Andrew Stanton
BREAKING NEWS – 5 top stories 08/02/2021
NATIONAL RESIDENTIAL LANDLORDS ASSOCIATION CALLS FOR REDUCTION IN SDLT Ben Beadle the reactive and sensible voice of lettings, and CEO of NRLA, has asked that the government look again at removing the additional tax that Landlord’s pay when buying investment property. Citing it increases rental prices as its cost has to be mitigated, also it…
Andrew Stanton
BREAKING NEWS – 5 top stories 05/02/2021
RIGHTMOVE HIKES PRICE TO AT LEAST ONE AGENT BY 11% AND MAYBE GAINS MILLIONS We have had sight of a notice from Rightmove that the baseline monthly subscription fee will be rising by 11.27%, a £140 monthly hike, as agents have had such a bumper year in 2020. Doing the mathematics if this type of…
Andrew Stanton
Busiest January on record with new buyers undeterred by stamp duty holiday ending
Rightmove has recorded its busiest ever January, with visits to the site up by 39% on January 2020 and time spent on Rightmove up by 44% Prospective buyers contacting estate agents was up by 7% on January last year, and those enquiring about a property to rent was up by 14% The number of sales…
Rightmove
BREAKING NEWS – 5 top stories 04/02/2021
BARRATT HOMEBUILDER REVENUE INCREASES BY 10% IN LAST SIX MONTHS The head of the national housebuilders chief, David Thomas has reported growth in the past six months, and foresees that by June their year end completions will be at a comfortable level, ‘I would like to say a huge thank you to all of our…
Andrew Stanton
BREAKING NEWS – 5 top stories 03/02/2021
IS THE HOUSING MARKET STALLING? New analysis by a major lender is suggesting that the Propertymark in residential sales could be hitting the buffers, the economic advisor Robert Gardner for Nationwide building society has been quoted as saying that the muted January market, ‘reflects a tapering of demand ahead of the end of the stamp…
Andrew Stanton
BREAKING NEWS – 5 top stories 02/02/2021
GOVERNMENT DEBATE EXTENSION OF SDLT HOLIDAY There was a general consensus by those giving evidence, at the live debate yesterday that constituents and MP’s were generally in favour of an extension or tapering of stamp duty, though having watched the debate it again reminded me that the most informed individuals, people who are reading this…
Andrew Stanton
BREAKING NEWS – 5 top stories 01/02/2021
SDLT HOLIDAY EXTENSION DEBATED TODAY At 4.30 pm today the government will debate an extension to the ‘stamp duty’ holiday, the petition seeks to extend the present non-payment of the tax in its present form until the 31st of September. With Lockdown 3.0 and a large number of properties set to miss the present deadline, many…
Andrew Stanton
BREAKING NEWS – 5 top stories 29/01/2021
NEW INSTRUCTIONS AT A SEASONAL LOW Typically instructions start to come to the market from the second week of January, this trend has not occurred in 2021. Many agents are now scratching around for inventory to let and sell. One agent contacted today confirmed that fees were under huge pressure as the local agents were…
Andrew Stanton