Estate Agent Industry Headlines [News Round-Up #3]

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This month, headlines include new research unit "CaCHE", the first electronic signature use in exchange of contracts marking a significant step for e-convayancing and Airbnb causing concern for London Councils...  

Launch of new independent housing research unit

The Collaborative Centre for Housing Evidence (CaCHE) will be launched this summer. It will be formed of nine universities and four non-higher education organisations, with the aim of advancing knowledge of the housing market and providing evidence to inform housing policy and practices in the UK. 

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NAEA backs new proposal for 'beneficial owners' list

The Government move to create a register of overseas companies that own property in the UK has been backed by the National Association of Estate Agents. The register will aim to help reduce money laundering activities and set a standard for transparency, to enhance the reputation of the UK property market as a place to conduct business.

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Land Business Transaction Tax questions raised in Scotland

The Scottish Government were recently asked about the impact of the LBTT, which replaced UK stamp duty in Scotland in April 2015. Initial claims suggested that 9 out of 10 taxpayers would be better or no worse off under the new system, and aimed to help first time buyers enter the property market. 

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First ever e-signature used in exchange of contracts

Convey Law, the conveyancers and their clients, used Bonafidee e-signature system to sign the contract for sale and purchase element of the exchange on Thursday 6th April. The system provides confirmation the document has been read and signed with a code taking the place of a signature. Legal Director Gareth Richards says that this is "a step in the right direction in relation to e-conveyancing".

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"Growing concerns" over short terms lets

Kensington and Chelsea council have setup a series of hotline services and a working party to investigate short term lets and any issues they are causing, including rubbish, noise and planning breaches. Airbnb have recently changes their systems to automatically limit the listings of whole flats and houses in Greater London to the statutory maximum of 90 nights a year.

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Posted on

20/04/2017 by TwentyEA

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