Breaking News
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
BREAKING NEWS – top 5 stories 11/03/2021
RIGHTMOVE ON THE BLINK Last week I noticed that my local agent was having problems uploading new stock to Rightmove. Having made an investigation into it – Rightmove suggested it was an isolated incident and it was possibly the agent and their system that created the problem. Now from information that Rightmove has sent out…
Andrew Stanton
Ropa Old Before Its Time & Propertymark – Project Fear
The chief architects of RoPA are over 80 years old and 75 years old. Real estate is nearer the needs and buying habits of Gen-Z who now populate over three quarters of the global population. Maybe instead of trying to reverse engineer real estate, and put in place a set of gatekeepers, kick over the…
Andrew Stanton
BREAKING NEWS – top 5 stories 10/03/2021
FINANCE CHIEF OF PROPERTYMARK RESIGNS – SEVEN DEPARTURES IN 10 MONTHS Following on from our reporting yesterday Kate Hawkins Chief Finance Officer has resigned to ‘seek other opportunities’. Also a non-executive Helen Herniman has resigned, this means that in the last 10 months;- the Chair has left, David Cox has left, Mark Hayward has left,…
Andrew Stanton
Rental searches surges in Zones 1 & 2 as renters seek return
There are signs renters are taking advantage of falling prices by planning a move to Zones 1 & 2, with searches on Rightmove doubling in areas like Nine Elms, Battersea, and Clapham All of Rightmove’s top 10 latest rental hotspots are in Zones 1 & 2, a stark contrast to last August’s rental searches, when…
Rightmove
BREAKING NEWS – top 5 stories 09/03/2021
PROPERTYMARK – THE FARCE CONTINUES In a desperate attempt to claw back some form of authority, following the numerous mysterious departures, and financial irregularity over non-payment of VAT. Propertymark has just issued a four-point vision of itself and its future. My advice is that it should put their own house in order before pontificating to…
Christopher Walkey
BREAKING NEWS – top 5 stories 08/03/2021
BOOMIN TO LAUNCH ON 2ND OF APRIL Nobody’s fool, Boomin swerve the 1st of April, as they announce the 2nd of April 2021 to launch. As the founders of Boomin have reportedly said and as they say they are not looking to win the big three portal race, they are in a different event altogether,…
Andrew Stanton
BREAKING NEWS – top 5 stories 05/03/2021
BUDGET MEANS FULL STEAM AHEAD FOR HOUSING MARKET – IS THAT A GOOD THING? The Chancellor’s budget with an extension of the SDLT holiday until the end of June, and a further tapering of no SDLT in the 125,000 to 250,000 banding, for a further three-months until September, has created a stampede to do all…
Andrew Stanton
BREAKING NEWS – top 5 stories 04/03/2021
STAMP DUTY HOLIDAY EXTENDED 3-MONTHS As many pundits predicted the cliff edge of the 31st of March, has been replaced by the cliff edge of the 31st of June, thanks to the Chancellor. And for the following three-months, ending on the 31st of September there will be no SDLT payable in the £125,000 to £250,000…
Andrew Stanton
Our Mortgage Calculator jumped by 25% states #Rightmove
Within five minutes of the Chancellor’s announcement the use of our mortgage calculator jumped by 25%. On the announcement to extend the stamp duty holiday until the end of June: The average stamp duty saving in England is £5,802 People enquiring about properties under £500,000 on Rightmove makes up 84% of all buyer enquiries in…
EAN Breaking News
Chancellor of the Exchequer Rishi Sunak latest updates:
Stamp Duty holiday will end at the end of June 2021 instead of March 2021. Tax free income threshold to be frozen at £12,500 until 2026. 5% deposit mortgages for first time buyers backed by a Govt guarantee. 100% business rate holiday for qualifying sectors will continue until June. Businesses will be given incentive payments…
EAN Breaking News