Pennington News

News

  • Property hotspots: Manchester, Liverpool and Preston

    March 25, 2017

    The property market in northern England, supported in part by the Northern Powerhouse concept, has attracted a lot of recent media attention, not to mention both domestic and international investment, especially from China. This has helped to drive up transactions, property prices and rental values across many regions in the north, led by...

  • Stamp duty: A year on and the government has scored an own goal

    March 25, 2017

    A year ago, we were days away from the introduction of a 3% stamp duty surcharge on second homes – a move by the Government intended at stemming the popularity of the buy-to-let market which many felt was operating to the detriment of those trying to get a foothold on...

  • Lettings ban will cost lettings agents over £1 million in lost income

    March 20, 2017

    Letting agency clients of leading property software services provider, Eurolink, are calling on the lettings industry to unite to block the government’s proposed ban on lettings fees and help prevent lost income totalling over £1 million...

  • Brexit: Housing must not be ignored in the clamour

    March 18, 2017

    We’re almost nine months on from the EU Referendum and yet the issue remains the big divide across the nation: an issue that shows no sign of healing - with the future of housing one victim of the suspended animation that this country is in for the indefinite future. With Article...

  • Redressing the balance: why we need more women in agency

    March 18, 2017

    Earlier this week it was Dads4Daughters Day – a campaign that strives to promote gender equality in the workplace.  I have three wonderful daughters. Each has discovered their own strengths and capabilities and I like to think I have played my part in supporting their career choices.  Emily (27) is a Marketing...

  • Why ‘let only’ has been given the last rites

    March 18, 2017

    Dust off your black tie and grab a tissue as we’re entering a period of mourning. It’s a bold claim, but I think the ‘let only’ service offered by agents has been given the last rites.  The lettings industry is under attack and the ban on tenant fees the final nail...

  • Budget 2017: Pleas for reform fall on deaf ears

    March 11, 2017

    Chancellor Philip Hammond delivered his first Budget this week pledging extra funding for the NHS, transport in the Midlands and the North, maintenance of existing schools, among a host of other measures, while also unveiling forecasts for higher growth and lower borrowing, and reminding us that the UK’s deficit remains...

  • How can estate agents plug the gap in sales with financial services?

    March 11, 2017

    Recent stats from the Council of Mortgage Lenders show that last year 360,000 people moved homes, meaning the number has stayed roughly the same for three years.   In some areas, such as greater London, the number of home movers fell to its lowest level for 25 years, highlighting the acuteness...

  • How to find high quality local market intelligence – fast

    March 11, 2017

    The Office for Budget Responsibility, which released its latest economic forecasts on Wednesday, has adjusted its prediction for UK house prices…again.  It is now expecting prices to rise by 6.5%, up from 4% the last time it published on the subject.   Perhaps the new forecast is more correct than the previous...

  • Budget 2017 wishlist: Expectations from the property sector

    March 4, 2017

    Looking ahead to the Spring Budget next week, the Chancellor Philip Hammond will be obliged to face up to the implications of last June’s EU referendum vote, as well as address issues surrounding business rates, reliance on consumer spending and government borrowing. But leading property professionals believe that the upcoming statement...