A think tank claims that ‘urban flight’ – when people leave cities and head for towns and villages – is merely a pipedream for less well off families. The Resolution Foundation says the pandemic has prompted… Urban Flight – move to rural homes only for well off, says think tank
House prices are 7.1 per cent above their level a year ago as the boom continues. The latest house price index, from the Nationwide, says it’s still the stamp duty holiday driving business. “Just as… Soaring house price index show market boom goes on
Online agency Strike has used specialist eye-tracking software to analyse what attracts a buyer’s attention when scrolling through homes online — and what aspects of home get missed, or even put viewers off. The experiment was… Revealed – what buyers look for when viewing properties online
The government has launched a formal consultation process on a new residential property developer tax which is to contribute towards cladding repair work. The proposed tax would apply only to developers’ profits over £25m –… New Property Tax – consultation begins on ‘cladding’ tax proposal
There’s a new warning that the estate agency industry may be in a more fragile financial condition than before the pandemic, despite the buying frenzy of recent months. Insolvency specialist Business Rescue Expert claims the… Urgent warning to agencies over repayment of Coronavirus debt
An insolvency specialist is warning that the real estate sector of the UK is seeing more firms in financial distress despite the soaring housing market. Begbies Traynor’s latest Red Flag report says: “Despite the booming… Red Flag! Insolvency firm warns of growing distress in property sector
The Nationwide Building Society has launched a product which, controversially, allows some first time buyers to borrow 5.5 times their income. From April 26 Nationwide’s Helping Hand product allows first timers the option of borrowing… First time buyers can now borrow 5.5 times their income
Momentum is building for agents to provide more information on property details and portals – not wait until a prospective buyer has expressed interest.Yesterday the National Trading Standards and Letting Agents Team announced a survey… Consumers demand upfront property details on portals
A major agency is reporting a “frenzy” with branches inundated with enquiries as soon as homes are listed. Nicky Stevenson, managing director of Fine & Country, says: “Demand is outstripping supply which is creating a frenzy… Stamp Duty deadline creating ‘frenzy’ over property listings
Rightmove has so far this year recorded 20 of its busiest ever days for visits to the site as the current buying frenzy appears to show few signs of abating. It set an all-time new… Rightmove flying with record visits as buying frenzy continues
