Crisis What Crisis? Trying to Make Some Sense of the Current UK Housing Market.
With the stamp duty holiday now a distant memory and interest rates on the rise, the property market still continues to boom – at least for the foreseeable future. Although this phenomenon now solely appears to be fuelled by a shortage in the supply of new...
Why Purplebricks Is Merely The Story of Property Market Evolution And Not Revolution
Has it really only been five years or so since PB’s were the darlings of “The City”, with blue chip funds queuing up to invest, and financial journalists pronouncing the “death of High Street estate agency”? Boy, how time flies. By comparison, PB’s share price today...
Selling Sunset Or Selling Ourselves Short? Why UK Estate Agents Need To Be More Skilled and Better Paid
I am sure that I would not be alone in being seduced by the glamorous lifestyle of the Oppenheim Group, as featured in the hit Netflix series “Selling Sunset”. After all, what’s not to like about a TV show showcasing the day to day selling of high end property in Los...
UK Property Market 2022 – Can We Trust House Price Forecasts?
In June 2020, the Centre for Economics & Business Research (CEBR) forecast that UK residential house prices would fall by 8.7% that year, when in fact they rose by 8.5% (according to the Office for National Statistics). Again in September 2020, the same...
Thinking of Selling your Estate Agency Business? Some Points to Be Aware of Before Making Your Decision
Does your business qualify for “Business Sale Relief”? When you sell a business, your proceeds of sale are likely to be subject to Capital Gains Tax (CGT). However, if your business qualifies for “Business Sale Relief, the reduced rate of 10% will apply on all gains...