The rental market is “completely broken” and is a “disaster for first-time buyers” unless they can rely on the bank of mum and dad, the chief executive of @PurplebricksUK has said.
In the latest episode of Boardroom Uncovered, @SamMitchTweets, speaking with City AM's UK Editor, @JonRobinsonNews, said that even that method of getting on the housing ladder is “becoming much harder”.
The CEO also revealed how he bought his first house after joining two friends, getting £10,000 loans to buy cars and a three-bedroom house in London in their early 20s – plus more.
Special thanks to Boardroom Uncovered's sponsor, @blackbaud!
Watch the full episode here 👇
https://t.co/9ml0XEEsF6
In a letter to the @FT, @SamMitchTweets, CEO of @PurplebricksUK, explains why increasing #CGT will hurt #landlords, renters and #FirstTimeBuyers.
He also shares progressive measures the government could implement instead of an "anti-landlord tax".
https://t.co/FnrWmnct8v
OPINION || The recovery in the UK housing market recovery is redundant while the rental sector remains in pieces, writes Purplebricks CEO @SamMitchTweets ✍️
https://t.co/RonsbM1lhA
I looked into "list your house for free" and Strike came up again and again as someone disrupting the industry. They saw the problem I saw, and came up with a solution to help people like me to list on rightmove without having to pay a penny! So I signed up to @we_are_strike !
Happy International Women’s Day.
Celebrating the achievements of women in our industry, but also recognising there’s more that we can all do to embrace equality.
Particular "doth of the cap" to all those involved in last week's Women in Estate Agency Conference.
How to make rental housing affordable? a) build more social housing b) Encourage BTR c) Stop discouraging Landlords.
https://t.co/jmYRGSaT89
@MrBoxpark Could you see a residential block BoxPark working?
Listening to @tomfordyce and @ethan_hayter on @GTCyclingClub talking about his aunt @louhayter_ and @wearenypc felt like worlds colliding (my wife's artwork was on the front cover of their Ice Cream LP and used throughout the music video) https://t.co/DaA8GYlRd0
💥Scoop: London's most expenisve mansion (£210mn!!) is owned by Evergrande chairman - once China's richest man, now staving off a crisis at his heavily indebted company.
@primroseriordan@cynthiao and I dug into a secretive property deal. 👇 (1/5)
https://t.co/AbvgsPw535
13 housing ministers in 12 years, the last one lasted 62 days..... Former estate agent named as new housing minister ahead of government plans to cut stamp duty https://t.co/ceTBIr9sYj A career path from Estate Agent to Banker to Politician.... not afraid to be unpopular then!
I'm not sure many/any of us were calling for this, bit if it is to happen it needs to be a permanent change not a time limited boost.....Stamp duty to be cut in Friday’s mini-budget https://t.co/TSJNFPIC3C