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influences.
RICS COO QUITS UNEXPECTEDLY RICS COO quits unexpectedly. RICS COO Violetta Parylo has handed in her resignation and will leave the organisation today. Parylo’s sudden departure comes as a surprise, given that she has served on the executive team for over a decade. Rofi Ihsan, currently interim chief financial officer, will take up the role of interim COO on Monday. RENTAL MARKET OUTLOOK FOR 2021 Rental market outlook for 2021. As we look ahead to 2021, it’s worth considering how the rental market has changed over the last 12 months, most notably with the emergence of a “two-speed” market. On the ‘fast setting’ is most of the UK. Average rents outside London are up 1.7% on the year. Rental growth has been spurred on by the NOTICE PERIODS FOR TENANTS SET TO RETURN TO PRE-PANDEMIC Notice periods for private tenants will return to pre-pandemic levels from 1 October, subject to the public health advice and progress with the roadmap, the government has announced. As part of a phased approach, notice periods – previously extended to six months as an emergency measure during the pandemic – will be set at four monthsfrom
HOUSE PRICES SET TO BOOM OVER THE NEXT FIVE YEARS House prices look set to rise sharply over the next five years, Savills said as it upped its UK property market forecasts for 2021. Savills upgraded its UK house price forecasts for this year to growth of 4%, compared to its previous expectation that property values would remain flat in 2021. SPAT BETWEEN ‘PROPERTY GURUS’ HITS THE SUNDAY TIMES Spat between ‘property gurus’ hits the Sunday Times’ headlines. At the beginning of May, EYE contributor and head of PropertyTribes.com, Vanessa Warwick, posted a commentary on a YouTube video by self-made millionaire, Paul Smith of Touchstone Education. Smith appeared to advocate using government Covid crisis bouncebackloans to create
PURPLEBRICKS INSTRUCTED TO SELL CORONATION STREET’S ICONIC Corrie executive producer Iain MacLeod told the press: “The upcoming story around the sale of the Rovers Return stems from something exciting that happens between Jenny and Johnny – but it also led to an exciting opportunity to team up with Purplebricks to sell the nation’s most iconic pub. “The presence of a real Purplebrickssign
NEW-BUILD PREMIUM IS AN AVERAGE 29% MARK-UP The current average price of a new-build in the UK is £290,176, compared with £224,729 – a mark-up of 29%. The highest premium is in Scotland with new-builds costing 41% more than existing homes, dropping to 36% in Wales, 27% in England and 25% in Northern Ireland. In particular areas, the premiums soar. In Harlow, Essex, the averagenew
THE DEPOSIT DIARIES: WHEN MOTHS EAT THEIR WAY INTO A The Deposit Diaries: When moths eat their way into a landlord’s profits. The landlord’s claim, in this case, was for specialist treatment to deal with a moth infestation (£180), damage to carpets caused by the moths (£250) and for compensation to the new tenants(£80).
HOW HOUSE PRICES HAVE PERFORMED UNDER CONSERVATIVE AND Much of Labour’s gains in house prices came under Tony Blair between 1997 and 2007, up 140% with inflation. House price growth has been more subdued under recent Conservative leaders. The Help to Buy scheme may have been introduced under David Cameron, but house price growth was at zero in real terms or up 22% during his tenure between 2010 PROPERTY INDUSTRY EYENEWS ARCHIVECONTACT USADVERTISE New research identifies growing property buying trends. May 6, 2021. May 6, 2021. | Marc da Silva. Vanessa Hale at Strutt & Parker says unique cornerstones identified in 2014 – ‘demographics, finance, lifestyle and location’ – have been joined by four new majorinfluences.
RICS COO QUITS UNEXPECTEDLY RICS COO quits unexpectedly. RICS COO Violetta Parylo has handed in her resignation and will leave the organisation today. Parylo’s sudden departure comes as a surprise, given that she has served on the executive team for over a decade. Rofi Ihsan, currently interim chief financial officer, will take up the role of interim COO on Monday. RENTAL MARKET OUTLOOK FOR 2021 Rental market outlook for 2021. As we look ahead to 2021, it’s worth considering how the rental market has changed over the last 12 months, most notably with the emergence of a “two-speed” market. On the ‘fast setting’ is most of the UK. Average rents outside London are up 1.7% on the year. Rental growth has been spurred on by the NOTICE PERIODS FOR TENANTS SET TO RETURN TO PRE-PANDEMIC Notice periods for private tenants will return to pre-pandemic levels from 1 October, subject to the public health advice and progress with the roadmap, the government has announced. As part of a phased approach, notice periods – previously extended to six months as an emergency measure during the pandemic – will be set at four monthsfrom
HOUSE PRICES SET TO BOOM OVER THE NEXT FIVE YEARS House prices look set to rise sharply over the next five years, Savills said as it upped its UK property market forecasts for 2021. Savills upgraded its UK house price forecasts for this year to growth of 4%, compared to its previous expectation that property values would remain flat in 2021. SPAT BETWEEN ‘PROPERTY GURUS’ HITS THE SUNDAY TIMES Spat between ‘property gurus’ hits the Sunday Times’ headlines. At the beginning of May, EYE contributor and head of PropertyTribes.com, Vanessa Warwick, posted a commentary on a YouTube video by self-made millionaire, Paul Smith of Touchstone Education. Smith appeared to advocate using government Covid crisis bouncebackloans to create
PURPLEBRICKS INSTRUCTED TO SELL CORONATION STREET’S ICONIC Corrie executive producer Iain MacLeod told the press: “The upcoming story around the sale of the Rovers Return stems from something exciting that happens between Jenny and Johnny – but it also led to an exciting opportunity to team up with Purplebricks to sell the nation’s most iconic pub. “The presence of a real Purplebrickssign
NEW-BUILD PREMIUM IS AN AVERAGE 29% MARK-UP The current average price of a new-build in the UK is £290,176, compared with £224,729 – a mark-up of 29%. The highest premium is in Scotland with new-builds costing 41% more than existing homes, dropping to 36% in Wales, 27% in England and 25% in Northern Ireland. In particular areas, the premiums soar. In Harlow, Essex, the averagenew
THE DEPOSIT DIARIES: WHEN MOTHS EAT THEIR WAY INTO A The Deposit Diaries: When moths eat their way into a landlord’s profits. The landlord’s claim, in this case, was for specialist treatment to deal with a moth infestation (£180), damage to carpets caused by the moths (£250) and for compensation to the new tenants(£80).
HOW HOUSE PRICES HAVE PERFORMED UNDER CONSERVATIVE AND Much of Labour’s gains in house prices came under Tony Blair between 1997 and 2007, up 140% with inflation. House price growth has been more subdued under recent Conservative leaders. The Help to Buy scheme may have been introduced under David Cameron, but house price growth was at zero in real terms or up 22% during his tenure between 2010 CAPITAL GAINS TAX REFORMS PROPOSED 1 day ago · The Office of Tax Simplification (OTS) has released proposals to simplify capital gains tax in a new report following on from its review into CGT requested by the chancellor Rishi Sunak lastyear.
UPDATED COVID-19 ADVICE FOR ESTATE AND LETTING AGENTS Updated Covid-19 advice for estate and letting agents. The Ministry of Housing, Communities and Local Government updated its guidance document yesterday setting out general advice and information for the housing industry and those moving home in accordance with the national lockdown announced earlier this week. ROGUE DEVELOPER GETS 14-YEAR BAN FOR ‘PONZI’ PROPERTY 1 day ago · Rogue property developer Mitchell Mallin has been banned from acting as a director for 14 years after heading up a £13m property ‘ponzi’ scheme. THE GUILD ENDORSES NEW DIGITAL ONBOARDING PLATFORM FOR A new digital onboarding platform enabling estate agents to complete property transactions end to end has officially has been officially endorsed by the The Guild of Property Professionals. PETER DENTON JOINS HOMES ENGLAND 1 day ago · Peter Denton, chief executive of the Hyde Group, has been confirmed as the new Chief Executive of Homes England. He will join the government’s housing delivery agency later this year following the departure of Nick Walkley in February. ZOOPLA UNVEILS A RAFT OF NEW INNOVATIONS Zoopla has this morning unveiled a series of new innovations, including ‘In Search Ads’, My Home, and an improved homepage experience, as it looks to deliver added value to agents, as well as housebuilders and consumers. RICS COO QUITS UNEXPECTEDLY RICS COO Violetta Parylo has handed in her resignation and will leave the organisation today. Parylo’s sudden departure comes as a surprise, given that she has served on the executive team for over adecade.
THE PROPERTY FRANCHISE GROUP CONTINUES TO EXPAND ACROSS Parkers, part of The Property Franchise Group (TPFG), is continuing to expand across Berkshire with the opening of a new branch in Caversham. Owner Craig Pearson, who already operates Parkers offices in Reading, Earley and Woodley, has opened the door to his fourth office. STAMP DUTY CLIFF EDGE Agents urged to manage client expectations over SDLT. If the busy property market and the stamp duty holiday was like running a marathon, most involved in the home buying and selling process are now about to hit the wall. AGENTS ‘STILL MARKETING PROPERTIES AS AVAILABLE AFTER Agents ‘still marketing properties as available after offers accepted’. The Property Ombudsman has rejected claims that the new Code is unclear as to whether properties that are SSTC or Under Offer should be labelled as such when marketing continues. Eye asked for clarification following suggestions that some agents are eitherfinding the
PROPERTY INDUSTRY EYENEWS ARCHIVECONTACT USADVERTISE New research identifies growing property buying trends. May 6, 2021. May 6, 2021. | Marc da Silva. Vanessa Hale at Strutt & Parker says unique cornerstones identified in 2014 – ‘demographics, finance, lifestyle and location’ – have been joined by four new majorinfluences.
RICS COO QUITS UNEXPECTEDLY RICS COO quits unexpectedly. RICS COO Violetta Parylo has handed in her resignation and will leave the organisation today. Parylo’s sudden departure comes as a surprise, given that she has served on the executive team for over a decade. Rofi Ihsan, currently interim chief financial officer, will take up the role of interim COO on Monday. RENTAL MARKET OUTLOOK FOR 2021 Rental market outlook for 2021. As we look ahead to 2021, it’s worth considering how the rental market has changed over the last 12 months, most notably with the emergence of a “two-speed” market. On the ‘fast setting’ is most of the UK. Average rents outside London are up 1.7% on the year. Rental growth has been spurred on by the NOTICE PERIODS FOR TENANTS SET TO RETURN TO PRE-PANDEMIC Notice periods for private tenants will return to pre-pandemic levels from 1 October, subject to the public health advice and progress with the roadmap, the government has announced. As part of a phased approach, notice periods – previously extended to six months as an emergency measure during the pandemic – will be set at four monthsfrom
HOUSE PRICES SET TO BOOM OVER THE NEXT FIVE YEARS House prices look set to rise sharply over the next five years, Savills said as it upped its UK property market forecasts for 2021. Savills upgraded its UK house price forecasts for this year to growth of 4%, compared to its previous expectation that property values would remain flat in 2021. UPDATED COVID-19 ADVICE FOR ESTATE AND LETTING AGENTS Updated Covid-19 advice for estate and letting agents. The Ministry of Housing, Communities and Local Government updated its guidance document yesterday setting out general advice and information for the housing industry and those moving home in accordance with the national lockdown announced earlier this week. NEW ‘LIFETIME’ DEPOSITS PLAN FOR RENTERS Private renters are to be offered access to a new “lifetime deposit” to help with the costs of moving home. The new initiative was announced yesterday in the Queen’s speech, among a raft of measures to reform the renting sector. On average, renters have to put down a £1,054 deposit to secure a tenancy, according to the Officefor
STAMP DUTY HOLIDAY FUELS HOUSE PRICE BOOM Stamp duty holiday fuels house price boom. Residential property prices increased at their fastest pace in more than 17 years in April following the government’s decision to extended stamp duty relief on property purchases, the latest index shows. Property prices increased by 2.1% in April, which was the biggest monthly rise since February2004.
LLOYDS BANK PLANS TO BECOME A LARGE PRIVATE LANDLORD Lloyds Bank is planning to move into the residential property market as a large private landlord, according to The Financial Times. The bank, which is Britain’s biggest mortgage lender, is reportedly looking for new sources of revenue with interest rates at record lows. BUYERS CAN “LOCK IN” THE STAMP DUTY HOLIDAY ON NEW HOMES Despite widespread calls for Rishi Sunak to extend the stamp duty holiday, the chancellor has so far ruled out extending the tax break he introduced in July to keep the housing market going through thepandemic.
PROPERTY INDUSTRY EYENEWS ARCHIVECONTACT USADVERTISE New research identifies growing property buying trends. May 6, 2021. May 6, 2021. | Marc da Silva. Vanessa Hale at Strutt & Parker says unique cornerstones identified in 2014 – ‘demographics, finance, lifestyle and location’ – have been joined by four new majorinfluences.
RICS COO QUITS UNEXPECTEDLY RICS COO quits unexpectedly. RICS COO Violetta Parylo has handed in her resignation and will leave the organisation today. Parylo’s sudden departure comes as a surprise, given that she has served on the executive team for over a decade. Rofi Ihsan, currently interim chief financial officer, will take up the role of interim COO on Monday. RENTAL MARKET OUTLOOK FOR 2021 Rental market outlook for 2021. As we look ahead to 2021, it’s worth considering how the rental market has changed over the last 12 months, most notably with the emergence of a “two-speed” market. On the ‘fast setting’ is most of the UK. Average rents outside London are up 1.7% on the year. Rental growth has been spurred on by the NOTICE PERIODS FOR TENANTS SET TO RETURN TO PRE-PANDEMIC Notice periods for private tenants will return to pre-pandemic levels from 1 October, subject to the public health advice and progress with the roadmap, the government has announced. As part of a phased approach, notice periods – previously extended to six months as an emergency measure during the pandemic – will be set at four monthsfrom
HOUSE PRICES SET TO BOOM OVER THE NEXT FIVE YEARS House prices look set to rise sharply over the next five years, Savills said as it upped its UK property market forecasts for 2021. Savills upgraded its UK house price forecasts for this year to growth of 4%, compared to its previous expectation that property values would remain flat in 2021. UPDATED COVID-19 ADVICE FOR ESTATE AND LETTING AGENTS Updated Covid-19 advice for estate and letting agents. The Ministry of Housing, Communities and Local Government updated its guidance document yesterday setting out general advice and information for the housing industry and those moving home in accordance with the national lockdown announced earlier this week. NEW ‘LIFETIME’ DEPOSITS PLAN FOR RENTERS Private renters are to be offered access to a new “lifetime deposit” to help with the costs of moving home. The new initiative was announced yesterday in the Queen’s speech, among a raft of measures to reform the renting sector. On average, renters have to put down a £1,054 deposit to secure a tenancy, according to the Officefor
STAMP DUTY HOLIDAY FUELS HOUSE PRICE BOOM Stamp duty holiday fuels house price boom. Residential property prices increased at their fastest pace in more than 17 years in April following the government’s decision to extended stamp duty relief on property purchases, the latest index shows. Property prices increased by 2.1% in April, which was the biggest monthly rise since February2004.
LLOYDS BANK PLANS TO BECOME A LARGE PRIVATE LANDLORD Lloyds Bank is planning to move into the residential property market as a large private landlord, according to The Financial Times. The bank, which is Britain’s biggest mortgage lender, is reportedly looking for new sources of revenue with interest rates at record lows. BUYERS CAN “LOCK IN” THE STAMP DUTY HOLIDAY ON NEW HOMES Despite widespread calls for Rishi Sunak to extend the stamp duty holiday, the chancellor has so far ruled out extending the tax break he introduced in July to keep the housing market going through thepandemic.
UPDATED COVID-19 ADVICE FOR ESTATE AND LETTING AGENTS Estate agents. Estate agency offices can remain open to the public. Estate agents should inform customers and their own staff about their Covid-19 procedures, so that they are safe throughout the sales process. + Agents should ask whether any party is showing symptoms or has been asked to self-isolate before going ahead with any viewing, or NORTH EAST ESTATE AGENT OPENS NEW OFFICE 1 day ago · youngsRPS has opened a new office in Darlington, taking the property group to five branches. The new office will cover the wider Teesside area, with the company providing a wide range of land and property services but mainly focus on residential and commercialsales and lettings.
SOLICITORS ‘UNDER PRESSURE’ AS STAMP DUTY DEADLINE LOOMS Stressed and under-pressure solicitors have been working late into the night and over weekends, to ensure property transactions are able to complete ahead of the 30 June stamp duty holiday deadline, accordingto the Law Society.
STAMP DUTY CLIFF EDGE Agents urged to manage client expectations over SDLT. If the busy property market and the stamp duty holiday was like running a marathon, most involved in the home buying and selling process are now about to hit the wall. ZOOPLA UNVEILS A RAFT OF NEW INNOVATIONS 1 day ago · Zoopla has this morning unveiled a series of new innovations, including ‘In Search Ads’, My Home, and an improved homepage experience, as it looks to deliver added value to agents, as well as housebuilders and consumers. MAJOR INVESTOR CALLS FOR ‘RADICAL BOARD-LEVEL CHANGE AT Foxtons’ largest shareholder is calling for a ‘radical’ shake-up at the company, starting with wholesale board changes. Hosking Partners, run by Jeremy Hosking, the investment tycoon, owns an 11.2% stake in Foxtons, and is said to be unhappy at Foxtons’ dwindling share price and executive pay. THE PROPERTY FRANCHISE GROUP CONTINUES TO EXPAND ACROSS Parkers, part of The Property Franchise Group (TPFG), is continuing to expand across Berkshire with the opening of a new branch in Caversham. Owner Craig Pearson, who already operates Parkers offices in Reading, Earley and Woodley, has opened the door to his fourth office. FEWER VENDORS WILLING TO NEGOTIATE ON ASKING PRICES AS 1 day ago · The number of sellers in London willing to drop their asking price has dropped by a fifth, as the market recovery continues. With demand rising sharply and limited supply, the housing market boom continues to surge forward, placing upward pressure on propertyprices, with
EYE CORRESPONDENT
Price growth will ease from current levels during the course of 2021. BOOMIN FOUNDER MICHAEL BRUCE RESPONDS TO NEGATIVE Where. oh where, is the balance in this whole argument? No doubt it’s true that Boomin’s reviews leave a lot to be desired, but if this is the measure of value we’re choosing to use, it’s important to note that the other portals can hardly be labelled bastions ofexcellence.
PROPERTY INDUSTRY EYENEWS ARCHIVECONTACT USADVERTISE New research identifies growing property buying trends. May 6, 2021. May 6, 2021. | Marc da Silva. Vanessa Hale at Strutt & Parker says unique cornerstones identified in 2014 – ‘demographics, finance, lifestyle and location’ – have been joined by four new majorinfluences.
RENTAL MARKET OUTLOOK FOR 2021 Rental market outlook for 2021. As we look ahead to 2021, it’s worth considering how the rental market has changed over the last 12 months, most notably with the emergence of a “two-speed” market. On the ‘fast setting’ is most of the UK. Average rents outside London are up 1.7% on the year. Rental growth has been spurred on by the NOTICE PERIODS FOR TENANTS SET TO RETURN TO PRE-PANDEMIC Notice periods for private tenants will return to pre-pandemic levels from 1 October, subject to the public health advice and progress with the roadmap, the government has announced. As part of a phased approach, notice periods – previously extended to six months as an emergency measure during the pandemic – will be set at four monthsfrom
HOUSE PRICES SET TO BOOM OVER THE NEXT FIVE YEARS House prices look set to rise sharply over the next five years, Savills said as it upped its UK property market forecasts for 2021. Savills upgraded its UK house price forecasts for this year to growth of 4%, compared to its previous expectation that property values would remain flat in 2021. LLOYDS BANK PLANS TO BECOME A LARGE PRIVATE LANDLORD Lloyds Bank is planning to move into the residential property market as a large private landlord, according to The Financial Times. The bank, which is Britain’s biggest mortgage lender, is reportedly looking for new sources of revenue with interest rates at record lows. SPAT BETWEEN ‘PROPERTY GURUS’ HITS THE SUNDAY TIMES Spat between ‘property gurus’ hits the Sunday Times’ headlines. At the beginning of May, EYE contributor and head of PropertyTribes.com, Vanessa Warwick, posted a commentary on a YouTube video by self-made millionaire, Paul Smith of Touchstone Education. Smith appeared to advocate using government Covid crisis bouncebackloans to create
QUEEN’S SPEECH TO FEATURE PLANNING REFORMS TO HELP BOOST Today’s Queen’s Speech is expected to include a new planning bill aimed at increasing home ownership across the north and the Midlands. The move is said to be part of a bid by the Tory party to strengthen their position in traditional Labour heartlands following last week’s election success. PURPLEBRICKS INSTRUCTED TO SELL CORONATION STREET’S ICONIC Corrie executive producer Iain MacLeod told the press: “The upcoming story around the sale of the Rovers Return stems from something exciting that happens between Jenny and Johnny – but it also led to an exciting opportunity to team up with Purplebricks to sell the nation’s most iconic pub. “The presence of a real Purplebrickssign
‘FREE’ AWARDS SCHEME FOR AGENTS LOOKS SET FOR EXPANSION An awards scheme for agents looks set to expand this year. The British Property Awards, which ran for the first time last year apparently without any advertising or publicity, is free to enter. Agents in towns across Britain are automatically entered but are sent emails to opt out. EYE became aware of it after an agent told us that they have MORE LANDLORDS THAN LETTING AGENTS ARE FACING THE WRATH OF More landlords than letting agents are facing the wrath of Rent Smart Wales. Just three Welsh letting agents have had their licences revoked in the first years of the Rent Smart Wales scheme. Under the scheme since November 2016, all lettings agents and landlords must be licensed. Any landlords self-managing their property must alsoregister
PROPERTY INDUSTRY EYENEWS ARCHIVECONTACT USADVERTISE New research identifies growing property buying trends. May 6, 2021. May 6, 2021. | Marc da Silva. Vanessa Hale at Strutt & Parker says unique cornerstones identified in 2014 – ‘demographics, finance, lifestyle and location’ – have been joined by four new majorinfluences.
RENTAL MARKET OUTLOOK FOR 2021 Rental market outlook for 2021. As we look ahead to 2021, it’s worth considering how the rental market has changed over the last 12 months, most notably with the emergence of a “two-speed” market. On the ‘fast setting’ is most of the UK. Average rents outside London are up 1.7% on the year. Rental growth has been spurred on by the NOTICE PERIODS FOR TENANTS SET TO RETURN TO PRE-PANDEMIC Notice periods for private tenants will return to pre-pandemic levels from 1 October, subject to the public health advice and progress with the roadmap, the government has announced. As part of a phased approach, notice periods – previously extended to six months as an emergency measure during the pandemic – will be set at four monthsfrom
HOUSE PRICES SET TO BOOM OVER THE NEXT FIVE YEARS House prices look set to rise sharply over the next five years, Savills said as it upped its UK property market forecasts for 2021. Savills upgraded its UK house price forecasts for this year to growth of 4%, compared to its previous expectation that property values would remain flat in 2021. LLOYDS BANK PLANS TO BECOME A LARGE PRIVATE LANDLORD Lloyds Bank is planning to move into the residential property market as a large private landlord, according to The Financial Times. The bank, which is Britain’s biggest mortgage lender, is reportedly looking for new sources of revenue with interest rates at record lows. SPAT BETWEEN ‘PROPERTY GURUS’ HITS THE SUNDAY TIMES Spat between ‘property gurus’ hits the Sunday Times’ headlines. At the beginning of May, EYE contributor and head of PropertyTribes.com, Vanessa Warwick, posted a commentary on a YouTube video by self-made millionaire, Paul Smith of Touchstone Education. Smith appeared to advocate using government Covid crisis bouncebackloans to create
QUEEN’S SPEECH TO FEATURE PLANNING REFORMS TO HELP BOOST Today’s Queen’s Speech is expected to include a new planning bill aimed at increasing home ownership across the north and the Midlands. The move is said to be part of a bid by the Tory party to strengthen their position in traditional Labour heartlands following last week’s election success. PURPLEBRICKS INSTRUCTED TO SELL CORONATION STREET’S ICONIC Corrie executive producer Iain MacLeod told the press: “The upcoming story around the sale of the Rovers Return stems from something exciting that happens between Jenny and Johnny – but it also led to an exciting opportunity to team up with Purplebricks to sell the nation’s most iconic pub. “The presence of a real Purplebrickssign
‘FREE’ AWARDS SCHEME FOR AGENTS LOOKS SET FOR EXPANSION An awards scheme for agents looks set to expand this year. The British Property Awards, which ran for the first time last year apparently without any advertising or publicity, is free to enter. Agents in towns across Britain are automatically entered but are sent emails to opt out. EYE became aware of it after an agent told us that they have MORE LANDLORDS THAN LETTING AGENTS ARE FACING THE WRATH OF More landlords than letting agents are facing the wrath of Rent Smart Wales. Just three Welsh letting agents have had their licences revoked in the first years of the Rent Smart Wales scheme. Under the scheme since November 2016, all lettings agents and landlords must be licensed. Any landlords self-managing their property must alsoregister
COMINGS AND GOINGS
7 hours ago · New MD of Fine & Country Notting Hill and Chelsea. Damien Jefferies. Damien Jefferies has been appointed managing director of Fine & Country Notting Hill and Chelsea. UPDATED COVID-19 ADVICE FOR ESTATE AND LETTING AGENTS Estate agents. Estate agency offices can remain open to the public. Estate agents should inform customers and their own staff about their Covid-19 procedures, so that they are safe throughout the sales process. + Agents should ask whether any party is showing symptoms or has been asked to self-isolate before going ahead with any viewing, or SOLICITORS ‘UNDER PRESSURE’ AS STAMP DUTY DEADLINE LOOMS 1 day ago · Stressed and under-pressure solicitors have been working late into the night and over weekends, to ensure property transactions are able to complete ahead of the 30 June stamp duty holiday deadline, according to the Law Society. STAMP DUTY CLIFF EDGE Agents urged to manage client expectations over SDLT. If the busy property market and the stamp duty holiday was like running a marathon, most involved in the home buying and selling process are now about to hit the wall. MOVING THE TAX YEAR COULD SAVE AGENTS MONEY 7 hours ago · Moving the tax year from 5 April to 31 March would prove beneficially for estate agents and other businesses, and should be agreed as soon as possible, according to Blick Rothenberg. RICS COO QUITS UNEXPECTEDLY RICS COO Violetta Parylo has handed in her resignation and will leave the organisation today. Parylo’s sudden departure comes as a surprise, given that she has served on the executive team for over adecade.
ZOOPLA FOUNDER ALEX CHESTERMAN INVESTS IN NEW PROPERTY Zoopla founder Alex Chesterman is among a group of investors to back an Instagram-friendly decorating start-up that has raised around 15.5m to fund expansion.EYE CORRESPONDENT
Price growth will ease from current levels during the course of 2021. BOOMIN FOUNDER MICHAEL BRUCE RESPONDS TO NEGATIVE Where. oh where, is the balance in this whole argument? No doubt it’s true that Boomin’s reviews leave a lot to be desired, but if this is the measure of value we’re choosing to use, it’s important to note that the other portals can hardly be labelled bastions ofexcellence.
HOW EASY IS IT TO FAKE A TENANT Agencies and landlords are relying on these references to decide if a tenant can afford to rent a property, and yet they actually prove very little. If you’re not yet convinced how easy it is, I urge you to look into ‘inspect element’ – a function built into most webbrowsers. It
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TOP NEWS STORIES
HUNTERS CONFIRM TAKEOVER TALKS WITH TPFG December 4, 2020December 4, 2020| Marc da Silva
Hunters has received a preliminary approach from The Property Franchise Group, which has until 1 January to confirm its offerformally.
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3,680 | 6 Comments
WILL CONNELLS COME BACK FIGHTING FOR COUNTRYWIDE? December 4, 2020December 4, 2020| Paul Smith
It was no surprise that Countrywide rejected Connells’ rather derisory bid of £82m. Continue Reading ...Views:
3,546 | 20 Comments
THE PROPERTY FRANCHISE GROUP BEGINS MOVE TO ACQUIRE HUNTERS December 4, 2020December 3, 2020| Marc da Silva
Hunters, chaired by Conservative MP Kevin Hollinrake, is in takeover talks with The Property Franchise Group. Continue Reading ...Views:
1,484 | 3 Comments
THE RISE OF THE LET-TO-LET MARKET December 4, 2020December 4, 2020|
Richard O'Neill
Estate agents should educate buyers to make them aware of the benefitsof this process.
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1,811 | 5 Comments
REAPIT IS NOW SHOWCASE READY December 4, 2020December 4, 2020| Marc
da Silva
Vyomm is integrating their technology with Reapit. Continue Reading ...Views:
817 | Leave a comment FIRE SAFETY BILL RISKS FUELLING THE CLADDING CRISIS December 4, 2020December 4, 2020| Marc da Silva
Proposed law could worsen cladding crisis that has paralysed parts ofthe housing market.
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871 | 3 Comments
PETITION CALLING FOR EVICTIONS AFTER TWO WEEKS’ RENT ARREARS HITS10,000 SIGNATURES
December 4, 2020December 4, 2020| Marc da Silva
Property investor Ranjan Bhattacharya wants an Australian stylesystem.
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7,601 | 11 Comments
COMINGS AND GOINGS
December 4, 2020December 3, 2020| Marc da
Silva
Yopa names new MD; Blue Alpine appoints Richard Morgan; Former CBREdirector joins TRP;
Continue Reading ...Views: 580 |
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UK HOUSING MARKET SET TO EXCEED 1 MILLION SALES IN 2020 December 4, 2020December 4, 2020| Marc da Silva
The high level of transactions was “pretty much unthinkable sixmonths ago”.
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673 | 1 Comment
UPDATED COVID-19 GUIDANCE FOR LANDLORDS AND TENANTS December 4, 2020December 3, 2020| Marc da Silva
The guidance applies to England only. Some of the measures referred to also apply in Wales. Continue Reading ...Views:
7,088 | 1 Comment
TOUGHER EVICTION BAN TO BE INTRODUCED IN SCOTLAND December 4, 2020December 4, 2020| Marc da Silva
New measures to protect renters unveiled. Continue Reading ...Views: 337 | Leave
a comment
AGENTS GIVING ACTS OF KINDNESS AWARDS 2020 WINNERS TO BE NAMED TODAY December 4, 2020December 4, 2020| Marc da Silva
The online awards event takes place today from 3.45pm. Continue Reading ...Views:
191 | 1 Comment
ALCHEMY ‘COULD STRUGGLE’ TO GET COUNTRYWIDE DEAL OVER THE LINE December 3, 2020December 3, 2020| Marc da Silva
Alchemy’s latest proposal should “not be considered a slam dunk” for the private equity group, source says. Continue Reading ...Views:
3,137 | 17 Comments
BELVOIR TO REIMBURSE STAFF AFTER COVID-19 PAY CUTS December 3, 2020December 3, 2020| Marc da Silva
Strong trading has expanded in recent months. Continue Reading ...Views:
1,512 | 5 Comments
STAMP DUTY EXTENSION PETITION PASSES 10,000 MARK December 3, 2020December 3, 2020| Marc da Silva
Reaching 10,000 signatures means the government must now respond tothe petition.
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12,809 | 4 Comments
LONDON COUNCIL SAYS BUYERS WILL MISS STAMP DUTY DEADLINE DUE TO DELAYS December 3, 2020December 3, 2020| Marc da Silva
Residential property searches by local councils have surged of late. Continue Reading ...Views:
903 | 5 Comments
COMINGS AND GOINGS
December 3, 2020December 3, 2020| Marc da
Silva
Venmore’s new branch manager; Legal & General-backed firm appoints CFO; Ed Davidson joins RO Group. Continue Reading ...Views: 680
INVENTORY CLERKS CAN HELP AGENTS CARRY OUT RETROSPECTIVE RIGHT TO RENTCHECKS
December 3, 2020December 3, 2020| Marc da Silva
Clerks could conduct in-person Right to Rent checks when completing aninventory check-in.
Continue Reading ...Views:
574 | 4 Comments
35 => 27 => 5 => 6 => 0 => 12 => 2020 => 340 => Sunday => December => 1607232455 ) "> More StoriesCOMMENT OF THE WEEK
_“We are an industry who in the main has been allowed to operate almost near to normal in many aspects throughout the pandemic. So much so, we have actually had a much easier time than most other sectors…It’s now time for us to agree that we have had a huge helping hand over the last nine or so months, and we now have to step up and maintain our businesses without more Governement hand-outs; and allow the Chancery to aid other businesses in order that the employees within these sectors have the money and the means to look to move home in the future, which in turn will again be good for us.”_ ‘bestandfinal51’ gives a counter-view to calls for another extension to the SDLT holiday.Read Story
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