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The Mood of the Industry – Concerns Remain Unchanged. But…
Fortuitously, Josh Rayner’s second temperature check on the sentiment of the estate agency industry has been carried out straddling a week where agents remained incarcerated and also a week where the sector was unleashed by the Housing Secretary. Therefore, we expected to see a change in the attitude of negotiators, branch managers and listers and,…
Properganda PR
No, unemployment hasn’t increased according to the ONS
The latest unemployment figures from the ONS show that there have been 856,000 extra unemployment claimants vs an anticipated 660,000. However, while the claimant count has increased by over 800,000, according to the ONS notes themselves, this is because people are now eligible for benefits due to the CV19 crisis that previously were not, but…
Properganda PR
The deposit gap: First-time buyers need additional £12,000 for 15% deposit
As the housing market reopens in England new analysis by Rightmove shows the average first-time buyer 10% deposit is currently £24,189, jumping to £36,284 if a 15% deposit is needed The current average asking price of a typical first-time buyer property in England is £241,891, which is 2% higher than this time last year. There…
Rightmove
Estate Agency Industry Sentiment Survey: New and Improved – Round Two
You may remember that Josh Rayner was the first to consider the question of estate agents’ Coronavirus crisis job sentiment in his ‘State of the Industry’ poll that was widely reported upon two weeks ago. The poll’s sensational outcome, taken several weeks into lockdown, was that 66% of agents said that they were considering a…
Properganda PR
Rightmove House Price Index – First day traffic up on last year, indicating demand to support price stability
With the reopening of the housing market in England, first day activity on Rightmove shows a release of pent-up home-mover momentum: Home-mover visits to Rightmove back to pre-lockdown levels on Wednesday 13th May with almost 5.2 million visits, up 4% on the same day a year ago Sales demand (unique enquiries) doubled from Tuesday to…
Rightmove
Market kick starts with rise in visits, new listings and enquiries to agents on Rightmove
Visits to Rightmove were up 45% on Wednesday morning compared to the previous day following the government’s surprise announcement to reopen the housing market1 Email enquiries sent to agents rose by 70% now that physical viewings can again take place2 New listings are also starting to rise, with 2,115 new properties added in just five…
Rightmove
CIL changes ‘welcome relief’ now time to extend planning permissions
The National Federation of Builders (NFB) has welcomed the Government’s announcement that it will amend the Community Infrastructure Levy (CIL) Regulations to give much needed relief to small and medium sized housebuilders. The Ministry of Housing, Communities and Local Government has said it is changing the regulations to encourage local authorities, who are responsible for…
National Federation of Builders
3… 2… 1… Go! It’s back to work for Estate / Letting Agents:
With over 300,000 property transactions in the pipeline and delayed since the COVID-19 lockdown, it is now all systems go in the English estate agency / letting agency world. The easing of restrictions for many businesses starts today and that will include the property market. “From today anyone in England can move home if they…
Christopher Walkey
Home-movers determined to move post lockdown & buyers look out-of-city
94% of buyers and sellers currently in market say they’re going ahead with sales already agreed or plan to continue post lockdown1 Visits to Rightmove are up over 20% when compared with the first few days of lockdown as more people staying at home start to think about moving2 Signs of a shift in prospective…
Rightmove
March 2020 Price Paid Data from HM Land Registry
Please note, due to the impact that the COVID-19 situation has had on HM Land Registry’s operational services the figures for this month may not be a complete picture and will be updated in future releases. Most expensive residential property sold in March was in Kensington and Chelsea for £4,500,000 Cheapest residential property sold in…
EAN Content
Takeaways hurt house prices
The latest research by estate agent comparison site GetAgent, has found that areas with a lower density of takeaways are home to house prices as much as 75% higher than areas with a larger number. With many of us turning to takeaways during the lockdown as the next best thing to eating out, a high…
Properganda PR
National Federation of Builders (NFB) Plays a Key Role in COVID-19 Communication
NFB is playing a key and active role in providing valuable information to its members. With information it can be difficult for businesses to find industry specific and appropriate advice that meets their business needs. Richard Beresford, Chief Executive of the federation, comments ‘The NFB has played a critical advice line to its members by…
National Federation of Builders
Construction Minister tells NFB that infrastructure will be crucial to economic recovery
Addressing members attending the National Federation of Builders Large Contractors Forum, the Construction Minister Nadhim Zahawi said that he was looking to bring forward infrastructure projects to support the construction sector’s economic recovery, after the COVID-19 crisis. After speaking of the Government’s recent announcement to proceed with HS2, the Minister said: “I’m talking to other…
National Federation of Builders
Buyer demand climbed in Q1 ahead of pandemic market freeze
The latest buyer demand index from GetAgent.co.uk has revealed that buyer demand climbed in Q1 of this year, up 2% when compared to the previous year and on the previous quarter alone, while in London demand lifted by 7% annually and 3% quarter to quarter. Both nationally and in London, Q1 of this year saw…
Properganda PR
Rental searches for homes with gardens hit record high for the year
Searches by renters looking for a garden are the highest they’ve been this year on Rightmove, and are now almost double the level compared to the first week of lockdown: Total rental searches dropped 35% as lockdown began and physical viewings were put on hold Since then rental searches have been recovering and are now…
Rightmove