Breaking News
BREAKING NEWS – top 5 stories 28/04/2021
BSI LOOKS TO NEW CODE TO SALVE THE WOES CAUSED BY CLADDING CRISIS The government which has had several debates regarding the problems associated with cladding, sparked by the Grenfell tragedy, has now tasked the British Standards Institution to take evidence and formulate a ‘code’ that will act as a roadmap moving forward for all….
Andrew Stanton
Rents across two thirds of London lower than five years ago
Asking rents in almost two thirds (65%) of areas in London are lower than they were five years ago, compared to just 4% of areas with lower rents across the rest of Great Britain London is the only region where asking rents are lower than five years ago, down by 2.3%, while the East Midlands…
Rightmove
BREAKING NEWS – top 5 stories 27/04/2021
MORTGAGE PRISONERS GIVEN NO HELP BY GOVERNMENT The government as predicted voted against setting a safeguard interest rate for tens of thousands of people with high loan to value mortgages, who coming out of lower interest deals faced their mortgage payments in some cases doubling. There was an effort to change the FS bill in…
Andrew Stanton
BREAKING NEWS – top 5 stories 26/04/2021
SELLERS MARKET CONTINUES According to Propertymark, in March 16% of the housing stock sold for more than the asking price and the market as a whole is as buoyant as it was in 2007 (the year before the banking crisis of 2008) which saw a stalled market for some years. ZOOPLA BUYS PROPTECH COMPANY YOURKEYS…
Andrew Stanton
BREAKING NEWS – top 5 stories 23/04/2021
PROPERTYMARK TO GAIN INSIGHT FROM PROPTECH COMPANIES Mark Hayward, ex CEO and now Chief Policy Advisor for Propertymark, is to talk to five of the seven Proptech companies in the REACH UK accelerator. This can be nothing but a good thing, as definitely the world is now digital and it is time that real estate…
Andrew Stanton
BREAKING NEWS – top 5 stories 22/04/2021
CURATED BY KIKO THE FIRST EVER TENANT SATISFACTION SUMMIT – 29th APRIL Taking place on April 29th, the first ever Tenant Satisfaction Summit is launching virtually with 50+ industry leading speakers who will discuss how focusing on improving the resident experience will define the next decade of residential housing. The Summit brings together landlords, property…
Andrew Stanton
BREAKING NEWS – top 5 stories 20/04/2021
FIRST TIME BUYERS CAN BORROW 5.5 TIMES THEIR INCOME ON 10% DEPOSIT Nationwide have unveiled a new mortgage that goes live on the 26th of April, which allows first time buyers to get a mortgage based a multiple of five and a half times their income, with only a 10% deposit. This is in response…
Andrew Stanton
BREAKING NEWS – top 5 stories 19/04/2021
NATIONAL NEW HOMES DEVEOPER KIERS SELL OFF ANNOUNCED In a deal worth £110M in cash, Kier has done a deal with Foster Bidco, to sell off its housing division so it can focus on its other core functions. With possibly a volatile housing market in the tail end of 2021, this may prove to be…
Andrew Stanton
Prices hit record high as properties sell at fastest pace ever recorded
National average price of property coming to market hits a new all-time high of £327,797, following a 2.1% (+£6,733) monthly jump Encouragingly, 145,000 properties were newly marketed this month, but not enough to meet buyer demand: Number of sales agreed up by 55% on same period two years ago, reducing the stock of properties that…
Rightmove
BREAKING NEWS – top 5 stories 16/04/2021
MORE THAN 6% OF THE PRS HAS BEEN ISSUED A SECTION 21 NOTICE IT IS ALLEDGED Due to Covid, at present the government and the courts are not moving forward with tenant evictions, which means bailiffs can’t remove tenants who might under normal circumstance be required to leave their rented accommodation. Though it is not…
Andrew Stanton
BREAKING NEWS – top 5 stories 15/04/2021
MORE THAN 6% OF THE PRS HAS BEEN ISSUED A SECTION 21 NOTICE IT IS ALLEDGED Due to Covid, at present the government and the courts are not moving forward with tenant evictions, which means bailiffs can’t remove tenants who might under normal circumstance be required to leave their rented accommodation. Though it is not…
EAN Content
BREAKING NEWS – top 5 stories 15/04/2021
STORM CLOUDS OVER FOXTONS BIG PAY TO CEO CEO Nic Budden is in the hot seat as he looks to scoop a pay package of around £1.6M, at a time that Foxtons took over £2.5M in business rates relief, and over £4m in furlough payments. This looks like a mis-managed situation that Foxtons would do…
Andrew Stanton
BREAKING NEWS – top 5 stories 14/04/2021
WE ARE DOWN TO OUR LAST FOUR SALEABLE PROPERTIES A Bedfordshire based Independent agent has stated yesterday that they only have four properties on their books that are saleable, as they have agreed sales on the others, or the other housing stock is ‘mot realistically priced’. The veteran agent said that the present hot market…
Andrew Stanton
Newquay hottest seller’s market with eight in 10 homes sold
Newquay in Cornwall has been named the hottest seller’s market right now, with 82% of all properties put up for sale this year already sold subject to contract City centres are still moving much more slowly, with Birmingham city centre the top buyer’s market, where only 18% of properties are sold subject to contract The…
Rightmove
BREAKING NEWS – top 5 stories 13/04/2021
STEPHEN MURPHY NAMED AS NEW CHAIR OF BOOMIN The C-suite of Boomin looks like it has gained a major coup with the appointment of Stephen Murphy (Ex-CEO Virgin), and there is also news of a £25M funding round. Both of these factors clearly show that Boomin is very much in it for the long haul,…
Andrew Stanton