Property Companies share prices plummet

  Share prices have been plummeting for the four key property firms in the last year. Savills’ share price has dropped 29%. Countrywide’s is a huge 53.72% decline. Foxtons share price has dropped 49.73%. So that’s the mini fleet renewal on hold for a while! LSL’s share price is 40.63% down.  

Rightmove profits increase (Estate Agents have to pay more!)

Rightmove this morning announced revenue and profits up for the first half of this year, driven by an increase in agents and a rise in what they are paying. In the six months to June 30, revenue was up 16%, to stand at £93.1m. Pre-tax profits shot up to £80,551,000 up from £66,622,000 for the…

Rental Market is busy post Brexit

#ARLA says that last month’s #Brexit result has not rocked the rental market. Month on month, demand for rental accommodation was up in June, as was the number of properties managed on letting agents’ books. There were 37 prospective tenants on average registered per ARLA member branch in June, up 12% from 33 in May….

Call for Stamp Duty abolishment

Calls for #Stampduty to be halved for residential sales & #BuyToLet 3% to be abolished. All rates of Stamp Duty should be halved immediately and then scrapped altogether, while the 3% surcharge on buy-to-let properties and second homes should be ditched without delay. The calls come from the influential TaxPayers’ Alliance, which is also demanding…

Top Ten Tips for Tenants

Renting a property can be exciting and daunting process, it can be simple and straightforward, these tips will help you in this transaction.

Top Five Tips for Landlords

There are two distinct types of landlords The Reluctant Landlord – an individual who has to rent out their property due to financial reasons, job relocation or not being able to sell.  Mainly rented out to cover all or part of the costs of keeping the property The Investor Landlord – an individual who runs…

Hello world!

Welcome to my little corner of the web, me being Jonathan Welford.  I’ve blogged before and I’m back again.  I’m a bit of a career polymath, being a property professional, social media manager and aspirational novelist.  This site is all about me and what interests me.