Breaking News
Stamp duty holiday helps the wider construction industry
Many people have criticised the Chancellor’s stamp duty holiday for including second home owners and investors and while this appears an oversight on the part of the Government, those critics should think more deeply about this decision. Richard Beresford, chief executive of the National Federation of Builders (NFB), said: “The 3% surcharge on those who…
National Federation of Builders
Stamp duty holiday set to save homebuyers £15k in these areas
Chancellor of the Exchequer, Rishi Sunak, has today announced a stamp duty holiday for homebuyers, meaning any purchase up to £500,000 will be exempt from paying any tax. Estate agent, Barrows and Forrester, has looked at what this means for homebuyers across the nation. See the full data set for stamp duty savings at local…
Properganda PR
Stamp duty changes – Rightmove reaction and latest figures
There are over 510,000 properties that are under £500,000 on Rightmove in total, making up 81% of all properties for sale in England Over 291,000 properties under £500,000 are currently available for sale on Rightmove, making up 78% of all properties available for sale in England (i.e. they have not yet found a buyer) People…
Rightmove
Willenhall fastest moving market as upper end Inner London takes slow lane
Over half of all newly listed properties for sale since the market reopened have already found a buyer in the Midlands market town of Willenhall, making it the fastest moving market in England The study reveals the slower markets are in Inner London and a few southern commuter towns including South Kensington, Paddington, Sunbury-on-Thames and…
Rightmove
Record day for overseas home-hunting as travel restrictions are eased
Searches for property overseas hit an all-time high as the government announced plans to relax blanket restrictions on non-essential overseas travel The surge in interest for homes abroad equated to more than one million searches in a single day – the first time Rightmove Overseas has surpassed this milestone This pent-up demand converted into enquiries…
Rightmove
NFB members are ready to ‘Build, Build, Build’
Prime Minister Johnson has announced that the Government is ready to ‘build, build, build’ and unlock a raft of opportunities through planning, investment and funding. Richard Beresford, chief executive for the National Federation of Builders (NFB), said: “The Prime Ministers speech is exactly what was needed. NFB members have been calling for Government intervention…
National Federation of Builders
Contract take-up and record leads
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that almost 500 estate agent branches are now contracted under the Company’s most recent listing offers, which issue welcome shares to each business owner. Contract take-up Of the branches signing up to the new listing agreements, more than 60% are currently contracted to either…
Vikki Bennett
Initial cost of renting up 24% in parts of the nation despite tenant fee ban
The initial financial hurdle of securing a rental property has increased by as much as 24% in some parts of the national property market, according to rental deposit replacement scheme Ome. Ome looked at the current initial cost of securing a rental home, based on one month’s rent plus a deposit of five weeks’ rent…
Properganda PR
Where is the property market winning 100 days into lockdown?
The latest research from leading estate agent comparison site, GetAgent.co.uk, shows that the number of listings added per week continued to exceed pre-pandemic levels, as does the average views each listing receives while property related searches and home seller leads have also continued to climb. With the 100 day mark since we entered lockdown approaching…
Properganda PR
Buy-to-let yields remain flat year on year – Here are the property pockets bucking the trend
The latest research from peer to peer investment platform, Sourced Capital, has revealed that buy-to-let rental yields have remained largely flat, up just 0.1% year on year. In England, they’ve fallen by -0.1% while regionally London has seen an even greater decline with a drop of -0.2%. However, this hasn’t been the case everywhere. The…
Properganda PR
“Two Years is Too Long” – NFB issues verdict on CITB Consensus Delay
The National Federation of Builders (NFB) has expressed significant concern at the proposals issued today by CITB for supporting the industry’s training and skills delivery. The proposals suggest that the construction sector, which is taxed by CITB to support the delivery of training, will not hold its key consultation programme this year or next, despite…
National Federation of Builders
Which industry is paying the biggest monthly furlough wage bill?
The latest research by leading property recruitment specialist, Rayner Personnel, has looked at which industry is currently relying on the Government furlough scheme the most and what this equates to as a monthly wage cost. Across all UK industries, 30% of the nation’s workforce is on furlough. That’s nearly 11 million people at a cost…
Properganda PR
Record membership growth despite COVID-19
Since March 2020 the UK has seen an unprecedented period where COVID-19 has impacted the construction sector, with many construction businesses, large and small, being put in very difficult operational positions. Every construction business needed to act differently and change the way they operated. From a multinational to a small start-up business, NFB has been…
National Federation of Builders
Most in-demand coastal locations – Oh we do want to be by Whitby seaside
A new study from Rightmove reveals the most in-demand coastal locations1, with Whitby in North Yorkshire topping the list followed by Whitley Bay in Tyne and Wear There is a difference of over £1 million between the cheapest and most expensive coastal areas: Sandbanks in Poole tops the pricey list with average asking prices of…
Rightmove
Agent Support Package Extension and Record Leads
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces today an extension to the payment support initiative for its agent customers to help ease the continuing impact of the COVID-19 situation. 2 month discount extension On 19 March 2020, OnTheMarket announced a 3 month discount to listing fees to assist agent customers who…
Vikki Bennett