Tributes to well-known estate agent – a director who even tried to buy the Humber Bridge
The former agent has died in hospital after a short illness.
Marc da Silva
‘The most important thing we can all do now is not talk the market down’
Will the housing market crash? MAB's Ben Thompson hopes the recent property sector turmoil is rectified, “and we return quickly to a normal market”.
Liz Truss set for emergency talks with OBR after failing to calm markets
The prime minister is under growing pressure to change course on her tax and borrowing plans.
Well-established franchise holder makes maiden acquisition
The firm has grown its managed portfolio by 66% following their acquisition of properties from the well-established independent agency.
BTL landlords urge the chancellor to adopt a cost-of-living plan for the PRS
Tenants and landlords face ever growing costs.
Conveyancers step up push for home-buying reform
The government needs to step in to mandate reforms that promise to revolutionise the home buying and selling process, a roundtable organised by the CLC has heard.
‘It’s a buyer’s market now’ as purchasers negotiate down asking prices
Home buyers are successfully renegotiating asking prices down by up to 10% over concerns of mortgage payments increasing, brokers say.
House prices could drop by up to 15% amid fears of interest rate hikes, analysts warn
Analysts have warned further interest rate increases may cause house prices to tumble as increased monthly mortgage costs slash home buyers’ spending power.
Comings & Goings
Snippets of property industry news: Senior changes at Chestertons; Knight Frank reveals replacements for departing head; Restructure of directorship at NEXA.
Spike in asking price reductions as higher mortgage rates reduce buying power – Zoopla
Property purchasers with mortgages face major hit to buying power as interest rates rise .
Interest rate hike motivates home movers to act now
UK property sellers have cited rising interest rates as a top motivator for deciding to put their home on the market now.
Chancellors to open a new branch in Worcester
The new Chancellors office will be the network’s 58th branch.
Rental stock dwindles despite high demand from tenants
The supply shortage will inevitably lead to rising rent values.
New short-term lets charter launched
The charter is a set of guiding principles for property owners, managing agents or hosts.
OnTheMarket’s TecLet partners with removals service
OnTheMarket joins forces with AnyVan.
Mortgage lenders pull deals and increase rates amid interest rate chaos
A number of lenders have now suspended mortgage deals after a drop in the pound fuelled forecasts of rising interest rates.
New tax rules for homebuyers announced
The changes have been brought forward as a result of changes to stamp duty land tax announced by the UK government in last week’s financial statement.
Government warned that sweeping changes could see ‘more landlords leaving the market’
Buy-to-let landlords are already under immense pressure owed to tax and legislative changes.
An interest rate rise to 6% would hurt homeowners, says Rightmove
Rightmove has warned that the average monthly mortgage payment for a household buying a first-time buyer home would rise to £1,302 if the average mortgage rate rose to 6%.
Best Estate Agent Guide website launched
The 2023 Best Estate Agent Guide has launched online today.