Cedar House, Caen St, Braunton EX33 1AH

20th September 2021

Ministry of Housing rebrands but it’s still a bit of a mouthful

The Ministry of Housing, Communities and Local Government (MHCLG) has changed its name to reflect the government’s levelling up agenda. The department’s name is still a mouthful and a nightmare for journalists trying to keep to tight word counts, though. It will now be called the Department for Levelling Up, Housing and... Source: Estate Agent...

Think tank rehashes ‘mansion tax’ to replace council tax and stamp duty

A think tank has proposed scrapping Council Tax and stamp duty in favour of an annual property levy.  The Institute for Public Policy Research (IPPR) claims the council tax system favours wealthy homeowners as valuations were set 30 years ago and the charge hasn’t kept up with the rise in property... Source: Estate Agent...

Housing Secretary ‘reviewing planning reforms’ amid donations scandal

New Housing Secretary Michael Gove is reported to be set to press ahead with plans to pause controversial planning reforms.  It came as Gove was caught up in a donations scandal just days into the role.  Critics have called for him to return £100,000 in donations from property developer Zachariasz Gertler in August... Source: Estate Agent...

Asking prices hit record high as buyer demand heats up – Rightmove

Buyer demand per property for sale is more than double that of pre-pandemic levels, Rightmove claims. The property portal’s latest House Price Index for September suggests competition for properties is “hotter than ever.” Average time to secure a buyer was 37 days in August, down from 53 in the same month of... Source: Estate Agent...

No-fee agent strikes £5 billion sales landmark

Strike chief executive Sam Mitchell has hailed the online agent’s no-fee model after reaching £5 billion worth of sales. The agency, previously known as HouseSimple, raised eyebrows among the property industry in 2018 when it shifted to a no-fee model. Its main form of revenue is by selling extras such as marketing... Source: Estate Agent...

Agents report record August for above asking price sales

Record numbers of properties sold above asking price in August, agents claim. Data from NAEA Propertymark shows that despite the summer lull, agents reported that 37 per cent of properties sold for more than the original asking price. This is up from 31 per cent in July and the highest figure for... Source: Estate Agent...

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