Breaking News
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
BREAKING NEWS – top 5 stories 12/04/2021
72% INCREASE IN SALES AGREED IN MARCH 2021 VERSUS MARCH 2020 There are many agents now stating openly that there is not enough inventory to sell and also that heated bidding wars are breaking out on key properties in prime areas. According to TwentyEA data 162,000 sales were agreed in March 2021. That is a…
Andrew Stanton
BREAKING NEWS – top 5 stories 09/04/2021
HOUSING MARKET – WILL IT BE BOOM OR BUST? There are conflicting reports about which way the housing market of 2021 will go. Will it continue strong through the year or falter after June? Having been in that 1988 market and personally selling four properties a week consistently for a year, only to go on…
Andrew Stanton
BREAKING NEWS – top 5 stories 08/04/2021
COMPLETIONS IN MARCH – AT A HIGH POINT Data showing the amount of completions as recorded at HMLR for March show an uptick on previous records. Given that until the Chancellor’s intervention, March 31st was set to be the hard stop SDLT holiday deadline, this is to be expected. What will be of more interest…
Andrew Stanton
BREAKING NEWS – top 5 stories 07/04/2021
MANY CONVEYANCERS FEEL THAT JUNE SDLT EXTENSION DATE IS IMPOSSIBLE TO REACH According to a recent poll conducted by ‘Today’s Conveyancer’ over 60% of conveyancers who showed an opinion are now giving a full stamp duty quote to any new clients. This is in line with thinking that any new residential sales agreed will not…
Andrew Stanton
BREAKING NEWS – top 5 stories 06/04/2021
BOOMIN GOES LIVE LAUNCHES WITH TV AND MARKETING CAMPAIGN As of the 2nd of April Boomin is now live, and many will have seen the TV adverts that are hitting the screens, plus other advertising across the media. With the advent of a very different proposition for the B2B and B2C market, it will be…
Andrew Stanton
BREAKING NEWS – top 5 stories 31/03/2021
OVER 10% OF SALES AGREED IN FEBRUARY ACHIEVED MORE THAN ASKING PRICE According to recent figures – some key properties in key areas and price brackets are being fiercely fought over, leading to selling prices in excess of the marketing price. This re-enforces the message that at present the market is very much a sellers’…
Andrew Stanton
BREAKING NEWS – top 5 stories 30/03/2021
STEPLADDER LOOKS FOR FURTHER PEER TO PEER FUNDING Stepladder a platform that ‘helps’ buyers have a deposit for their home, via a collective/lottery style enterprise, and which was founded in 2015, and has already had over 1.25M of investment is now looking for another 10% via a peer-to-peer lender. As many know I am not…
Andrew Stanton
BREAKING NEWS – top 5 stories 29/03/2021
STOP PRESS! HOUSING MARKET HAS RUN OUT OF PROPERTY TO SELL BY 50% – IT IS OFFICIAL According to latest analysis by TwentyEA, the amount of housing stock available to sell is at an all time low. It reports that, ‘The South West has the lowest level of available stock at just 2.2 months and…
Andrew Stanton
New sellers spring into action and new record for home-hunter visits
The spring selling season has started at a level not seen in a decade, with the number of sales being agreed on Tuesday 23rd March being the highest daily number recorded over the past ten years A new record was set for visits by home-hunters to Rightmove this week, with over 9.1 million visits on…
Rightmove
BREAKING NEWS – top 5 stories 26/03/2021
RETAIL SALES ONLINE INCREASING FROM 20% LAST FEBRUARY TO 36% THIS FEBRUARY As reported in the Times, the amount of the complete spend in retail increased to 36% via online shopping an increase of 16%, from the 20% headline figure last February. Whilst real estate or estate agency may not see itself as in the…
Andrew Stanton
Jump in chain-free homes as owners sell up and rent in short-term
One in five (21%) available properties on Rightmove are now chain-free, a jump from around one in six (15%) this time last year as sellers look to take advantage of record buyer demand The percentage of chain-free homes available is up in all regions and the biggest shift is in London, jumping from 12% of…
Rightmove
BREAKING NEWS – top 5 stories 25/03/2021
MORE POSSIBLE PROPERTYMARK SPIN FROM INTERIM CEO NATHAN EMERSON Apparently, the new CEO of Propertymark who is keeping the seat warm is trying to launch a charm offensive saying that Propertymark is transparent and losing 15% of the c-suite is normal churn. My thoughts are we have now all entered the ‘twilight zone’ some more…
Andrew Stanton
BREAKING NEWS – top 5 stories 24/03/2021
CHANCELLOR FAILS TO WEILD THE TAX KNIFE ON HOUSING MARKET Yesterday – Tax Day – a separate day set aside to deal with possible changes to the fiscal policies of the government, it had been expected that Rishi would possibly change two key areas in property taxation. The first was to further play around with…
Andrew Stanton
BREAKING NEWS – top 5 stories 23/03/2021
ANOTHER NATIONAL HOUSE BUILDER EYES LARGE PROFITS LATER IN THE YEAR Crest Nicholson looks set to achieve a £85M pre-tax profit by October, which is higher than was expected. This anticipated cash fillet has been pushed on by the pandemic, the amount of people reserving new homes whilst locked down, and the push to beat…
Andrew Stanton