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January 2021

40% price fall and 54% price rise – Prime London snakes and ladders

An international property and residency consultancy claims the sold prices of homes in some prime London locations have collapsed by up to 40 per cent during the pandemic. Meanwhile other prime London postcodes have seen sold prices soar – in one case by 54 per cent. Astons has analysed sold prices across… Read More »40% price fall and 54% price rise – Prime London snakes and ladders

Failed Sales fear as Stamp Duty Holiday cliff edge approaches

A large majority of estate agents fear a surge in ‘failed sales’ as the stamp duty holiday cliff edge gets ever-closer. The latest National Association of Estate Agents Propertymark market snapshot comes with a warning from chief policy advisor Mark Hayward that: “We are increasingly concerned about the pressure … on the… Read More »Failed Sales fear as Stamp Duty Holiday cliff edge approaches

Not coping with Covid? Shock figures about agents’ mental health

A new working group on mental health in the agency industry is being set up following a poll revealing 62 per cent of individual agents reporting problems. The charity Agents Together – set up last year by Michael and Kenny Bruce with prominent industry consultant Sarah Edmundson as chief executive –… Read More »Not coping with Covid? Shock figures about agents’ mental health

Soaring distressed property firms are ‘just tip of large iceberg’

Despite the booming housing market the whole property sector – a key indicator of the economy’s performance – has seen 11,000 additional businesses enter significant distress in the past three months. In total there are over 53,000 property businesses classified this way. The figure – from corporate business recovery service… Read More »Soaring distressed property firms are ‘just tip of large iceberg’

Stamp Duty Holiday: Did market need it? Have buyers really benefitted?

A leading analyst is questioning whether buyers have benefitted from the stamp duty holiday because demand has purshed up prices far beyond the savings possible. Anthony Codling – the former Jefferies analyst who now leads PropTech platform Twindig – says London provides a good example, but is by no means the… Read More »Stamp Duty Holiday: Did market need it? Have buyers really benefitted?