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Countrywide meeting later this month to decide company fate

Countrywide is to hold a special general meeting on November 18 to consider its future ownership and structure. Last month Countrywide group...

02 November 2020

From: Breaking News

Purplebricks delays fees re-structuring again

Purplebricks has issued a statement to its shareholders saying it’s ‘never been more relevant’. However, the expected radical change to its fees structure appears...

02 November 2020

From: Breaking News

Phil Spencer: Conveyancing - don't battle what you can't control

We can all agree that the recovery of the property market since May has been outstanding. The latest data from Zoopla...

02 November 2020

From: Breaking News

Stamp Duty receipts up despite first time buyer exemption

Figures just released from HM Revenue & Customs show just how much stamp duty buyers pay, at least before the current holiday...

02 November 2020

From: Breaking News

Does being Covid-safe at home artificially lift house prices?

A leading market analyst says the widespread belief that we are ‘safe’ in our homes may indirectly lead to the recent...

02 November 2020

From: Breaking News

ESTAS and Agents Together form partnership to help industry

The ESTAS awards service and the Agents Together foundation are entering into a partnership. That means all ESTAS customer agents will be...

02 November 2020

From: Breaking News

Confirmed: Housing market stays open during national lockdown

The housing market is to remain open in the four week lockdown in England. The Ministry of Housing, Communities and Local Government...

31 October 2020

From: Breaking News

Market boom to carry on into 2021 as mortgage lending soars

The housing market boom looks set to continue for some months yet as mortgage approvals for home purchases hit their highest...

30 October 2020

From: Breaking News

OnTheMarket hands shares to agents on full-tariff long-term deals

OnTheMarket has handed out more shares to agencies signing long-term agreements with the portal. It was almost three years ago that OTM, then...

30 October 2020

From: Breaking News

Drastic consequences if stamp duty holiday ends in March - agents’ chief

The housing market’s recovery will be threatened with drastic consequences for buyers and sellers if the stamp duty holiday isn’t extended beyond...

30 October 2020

From: Breaking News

What do London buyers want? Agency says it has the answers

A London agency says it's discovered the five key priorities that buyers want, following a survey of its own database. “Lockdown and...

30 October 2020

From: Breaking News

Agents Do Charity - Fangs for all your good work…

It’s Halloween time, and while this year’s festivities may be muted there’s plenty to celebrate as far as agents’ good deeds...

30 October 2020

From: Breaking News

Mandatory qualifications for agents “within two or three years”

The mandatory qualifications expected of agents have not been forgotten and will come into effect in two or three years. That’s the...

29 October 2020

From: Breaking News

Redundancies and branch closures continue at Countrywide

An extensive culling of branches and staff continues apace at Countrywide as it significantly reduces the size of both its office...

29 October 2020

From: Breaking News

Boost for Foxtons as sales improve - but revenue still down on 2019

A trading statement from Foxtons this morning provides a rare piece of good news for the troubled London agency. It says business...

29 October 2020

From: Breaking News

Stamp Duty Holiday Mayhem - Sunak urged to avoid 'cliff-edge'

Chancellor Rishi Sunak has been told to avoid a stamp duty holiday cliff-edge next March at any price - because it...

29 October 2020

From: Breaking News

Agencies’ ‘hub’ business model may apply in other industries

The so-called hub model of estate agency adopted by a growing number of firms appears to be part of a wider...

29 October 2020

From: Breaking News

Big rise in sale of £1m homes despite Covid crisis - Rightmove

The rise and rise of £1m-plus homes continues apace with new research from Rightmove showing the biggest growth areas. Data released this...

29 October 2020

From: Breaking News

He’s back: ARLA’s David Cox joins Rightmove as compliance chief

David Cox is joining Rightmove next week in a dramatic return to the industry. Cox left the ARLA Propertymark in late July after...

28 October 2020

From: Breaking News

Conveyancer names and shames councils for delays in local searches

A conveyancing firm is blaming councils for delays in transactions. Conveyancers have themselves been sharply criticised in recent weeks as the sharp...

28 October 2020

From: Breaking News

Busiest Ever Autumn? Buyers up, prices up, delays up, supply up

There are 140,000 more buyers waiting to complete on their properties right now than there were this time last year. The claim, by...

28 October 2020

From: Breaking News

SDLT holiday could be tapered or restricted to first timers - top agent

One of Britain’s most respected agents is suggesting Chancellor Rishi Sunak could ‘taper’ the stamp duty holiday to avoid a cliff-edge...

28 October 2020

From: Breaking News

Regulation of Property Agents - update for industry expected today

A progress report on the Regulation of Property Agents recommendations will be made today by a key RoPA committee member, Mark...

28 October 2020

From: Breaking News

Deferred-payment scheme for high-price London homes

A developer operating in prime central London is offering buyers a deferred-payment scheme. K10 Group says it’s doing this because of the...

28 October 2020

From: Breaking News

Facebook users to be targeted with properties matching their likes

A new tool which identifies preferences of Facebook users and then targets them with ads for appropriate homes on sale, is...

27 October 2020

From: Breaking News

Agency new recruits given just three or six month contracts

An agency recruitment firm says there’s been a big rise in short-term vacancies being offered since lockdown restrictions were lifted in the...

27 October 2020

From: Breaking News

Tinder-style new portal offers agents 12 months free listings

A new property portal that operates a Tinder-style ‘swipe’ app is offering agents 12 months free listings. MoveStreets operates like the dating...

27 October 2020

From: Breaking News

Boomin’s Backers: national and regional agencies are new founder members

Yet-to-launch portal Boomin has secured the support of 10 more estate agencies, one of them the national chain Humberts. In its third...

27 October 2020

From: Breaking News

New stamp duty surcharge may push up house prices - claim

The new two per cent stamp duty surcharge applying to non-resident buyers may cause a wide range of properties to be...

27 October 2020

From: Breaking News

Mortgage struggles and house-buying complexity hit first timers

A new survey reveals the uphill struggle first time buyers appear to be having in securing a mortgage. A study of 1,000...

27 October 2020

From: Breaking News

Many Countrywide branches now shut permanently

Estate Agent Today can reveal that a string of Countrywide offices across the country have been closed in recent weeks - but...

26 October 2020

From: Breaking News

Chaos” ahead when stamp duty holiday ends, warns NAEA chief

The outgoing chief executive of the National Association of Estate Agents is warning that the sales system continues to struggle with...

26 October 2020

From: Breaking News

Property Jobs Today - the inside track on who’s going where

Hello and welcome to a new week - and evenings that get darker earlier.  As winter approaches we’re continuing to bring you...

26 October 2020

From: Breaking News

Property Logbooks: New bid to make them part of sales process

Another attempt is being made to introduce property logbooks to the selling and buying process, and agents are invited to play a...

26 October 2020

From: Breaking News

It's a cover up! Free face masks from Propertymark's charity

They’ve got it covered - the charitable arm of Propertymark is offering free face coverings to member agents. The Arbon Trust is...

26 October 2020

From: Breaking News

Sunak tells estate agents: I'm helping to keep you in a job

Chancellor Rishi Sunak is taking credit for saving thousands of agency jobs through increased transactions prompted by the stamp duty holiday. A...

23 October 2020

From: Breaking News

Countrywide branches close ahead of private equity investment bid

At least two branches of a Countrywide agency have been closed, shortly before news broke of a proposal for a large...

23 October 2020

From: Breaking News

Agency launches first-ever radio and podcast ad campaign

Knight Frank has launched a new radio advert for the first time. The rollout marks the firm’s fourth phase of its “partners...

23 October 2020

From: Breaking News

Covid-inspired career change for independent estate agent

A reassessment of an independent agency’s activities during the Coronavirus crisis has led to it merging with a local franchise operation. Maison...

23 October 2020

From: Breaking News

Agents Do Charity - and it’s a big one as the clocks go back…

Shorter days and darker nights deflate the spirits, especially in today’s challenging circumstances, but there’s some bright news - a large...

23 October 2020

From: Breaking News

Major Countrywide shareholder rejects investment proposal

One of Countrywide’s largest shareholders has come out against a £90m investment package in the company proposed by a private equity...

22 October 2020

From: Breaking News

Countrywide gets £90m lifeline and top management clear-out

The troubled Countrywide group has announced a £90m investment by Alchemy Partners, a private equity company that specialises in investing in...

22 October 2020

From: Breaking News

Purplebricks’ big new idea - meditation for movers

Purplebricks is the first estate agency in the country to launch a meditation service to ease “the emotional rollercoaster felt by...

22 October 2020

From: Breaking News

Speed of conveyancers and lenders will decide short-term market - claim

Savills says the shape and size of the housing market in the coming months will be determined by the capacity of conveyancers...

22 October 2020

From: Breaking News

Soon-to-launch Boomin portal not just for sellers and buyers - claim

One of the latest 10 agents joining the still-to-launch Boomin portal says it could be the go-to website for all property...

22 October 2020

From: Breaking News

Tax expert claims buyers of homes-with-annexes may pay excess SDLT

A tax expert says his research suggests some buyers of homes with annexes may have paid too much stamp duty on...

22 October 2020

From: Breaking News

London buyers flee centre for outer areas, reports Rightmove

A new analysis of searches and leads to agents by Rightmove suggests buyers in London are deserting central locations in favour of...

22 October 2020

From: Breaking News

Lockdown Plea: Let agents work in offices, not at home

One of the industry's senior agency leaders says it would be a mistake for agents to be stopped from working in...

21 October 2020

From: Breaking News

Boomin names another 10 founding member independent agencies

Boomin, the still-to-launch portal created by the founders of Purplebricks, has named another 10 founding member agencies. Like the initial 10 they...

21 October 2020

From: Breaking News

PropTech Today: ‘Don't blame us, we are not the problem - you are’

I had a wry smile when I read the article on Monday from the conveyancers complaining about people getting off their...

21 October 2020

From: Breaking News

Only 10 days left to beat stamp duty holiday deadline - claim

Delays across the house buying sector mean those wanting to benefit from the stamp duty holiday need to begin the buying...

21 October 2020

From: Breaking News

Working From Home - what buyers want, and where they want to be

Agents in some parts of the country may be able to make use of data from utilities comparison service uSwitch, which...

21 October 2020

From: Breaking News

Modern Method of Auction: market leader claims record month

Online auction service Iamsold secured £52.7m in total for vendors in September, an increase of 16 per cent on the same period last...

21 October 2020

From: Breaking News

Over 700 agency branches fail to reopen after spring lockdown

Some 713 estate agency branches have failed to reopen following the spring lockdown according to a business consultancy. TwentyCi says that is the...

20 October 2020

From: Breaking News

Portal wants to list appraisal properties, not just formal instructions

Another new property portal has been launched, this one - Mutual - describing itself as the ‘Pre-Portal Property Platform for estate...

20 October 2020

From: Breaking News

London’s Foreign Buyers: surprise country heads global league table

The country producing the largest number of buyers of prime London properties is not China, nor from north America or the...

20 October 2020

From: Breaking News

£1m-plus sales soar but will future buyers beat stamp duty deadline?

Sales of £1m-plus homes have surged since lockdown as affluent buyers seek more space and lifestyle changes.  An average of 868 £1m-plus...

20 October 2020

From: Breaking News

Call for mortgage guarantee scheme plus longer stamp duty holiday

The National Association of Estate Agents wants the government to initiate a mortgage guarantee scheme to encourage more 95 per cent...

20 October 2020

From: Breaking News

Lockdown Announced - agency branches in Wales to shut for two weeks

Most agents' branches in Wales are expected to close for just over two weeks from 6pm this Friday, October 23 - moving...

19 October 2020

From: Breaking News

Foxtons data breach but “no sensitive data compromised”

Foxtons is alleged by a newspaper to have suffered a malware attack and data breach which closed its MyFoxtons client website. The...

19 October 2020

From: Breaking News

Down-valuation shock - half of buyers hit by lenders’ bad news

A mortgage service claims 46 per cent of buyers have had their prospective property down-valued by lenders - often forcing them...

19 October 2020

From: Breaking News

Conveyancers tell agents - don’t blame us for transaction delays!

Conveyancers are sending a blunt message to estate agents: transactions will take longer than usual and don’t chase us with queries and...

19 October 2020

From: Breaking News

Property Jobs Today - latest news on the movers and shakers

Hello and welcome to the start of a new week and a new edition of Property Jobs Today, your chance to...

19 October 2020

From: Breaking News

Why we’re backin’ Boomin - top agents speak out for new portal

The senior management from four of the agencies announced as founding members of Boomin have spoken out in favour of the...

19 October 2020

From: Breaking News

Some sellers are now asking too much, reveals Rightmove

The latest Rightmove asking price index shows the extraordinary market and amazing times we are living through. The average price of property coming...

19 October 2020

From: Breaking News

Top Ten! Boomin portal reveals high profile founding agencies

The new Boomin portal being launched shortly has named 10 high profile agency chains as founding members. The 10 give the new portal...

16 October 2020

From: Breaking News

Zoopla offers agents free virtual viewings in new PropTech deal

Zoopla has linked with a PropTech company led by the former boss of Purplebricks to offer agents free virtual viewings services. The...

16 October 2020

From: Breaking News

Industry Redundancies: Agents Together launches support programme

Agents Together, the wellbeing and mentorship service which came into existence earlier this year, is launching what it calls a Redundancy...

16 October 2020

From: Breaking News

There may be trouble ahead…Mortgage lending to get tougher

A Bank of England survey suggests it may be more difficult for prospective buyers to get a mortgage later this year. In...

16 October 2020

From: Breaking News

Agency bought by hotel group pledging jobs growth

An estate agency in Lancashire has been taken over by a hotel group, which pledges to expand and create more jobs. Mikhail...

16 October 2020

From: Breaking News

Agents Do Charity - even as things get just a little tougher…

Let’s be honest: things are getting just a little tougher aren’t they?  We’re delighted to say that the spirit of the industry...

16 October 2020

From: Breaking News

Online agents and deals run bigger money laundering risks - government

The government has issued new guidance to estate and lettings agencies on their obligations regarding money laundering issues - and online...

15 October 2020

From: Breaking News

Howzat! Online agency’s latest agents are professional cricketers

The latest agency recruits for online firm easyProperty are batting for the company in more ways than one - they are...

15 October 2020

From: Breaking News

Purplebricks claims buyers want more PropTech in property details

Online agency Purplebricks says an absence of technology in property details is one of the biggest turn-offs for potential buyers. A survey...

15 October 2020

From: Breaking News

Free health and well-being package offer to smaller agencies

A health business is offering a free support package to estate agencies with between three and 100 employees, to help staff...

15 October 2020

From: Breaking News

Offers and instructions show signs of promise in Prime London

New instructions almost doubled across prime areas of London in September compared to the same period a year ago, while the...

15 October 2020

From: Breaking News

Market Shock - “Severe correction” for London as most of UK soars

A prominent housing market analyst is warning that in 14 years of studying prices and transactions he has never seen the...

14 October 2020

From: Breaking News

Marketing shift for OnTheMarket towards more social media

OnTheMarket’s acting chief executive says the portal will embrace more social media and innovative marketing strategies in the coming period. Yesterday the...

14 October 2020

From: Breaking News

From valuer in 2014 to chief executive in 2020 - new agency boss named

One of the country's largest group of independent agencies has named its new chief executive officer - and says it’s a...

14 October 2020

From: Breaking News

Cut The Delays! Conveyancers urged to work with search providers

With many transactions now delayed by up to three weeks by slow searches, a body representing local search providers is urging...

14 October 2020

From: Breaking News

LSL expanding with new London branch for Marsh & Parsons brand

There’s to be a new Marsh & Parsons office in London as the LSL-owned brand expands its network to Acton in...

14 October 2020

From: Breaking News

Going up north: it's not just the south seeing demand soar

The south of England is not the only region to benefit as city-dwellers search for more greenery and outdoor space, says...

14 October 2020

From: Breaking News

Part-time agent outperforms full-time counterpart with Lifesycle

Lifesycle, the platform built by Iceberg Digital to help estate and letting agents work smarter, continues to launch new features and...

14 October 2020

From: Breaking News

Big revenue rise for OnTheMarket but agent numbers stalling

OnTheMarket’s latest trading update shows a significant rise in revenue but agency branch membership numbers stalling. Revenue was up 28 per cent...

13 October 2020

From: Breaking News

Homes can sell two months quicker, claims 'intermediary' platform

A platform which signs up vendors and allocates their sale to a high-performing local agent says it sells property two months...

13 October 2020

From: Breaking News

Agencies open offices out-of-town - a sign of the times?

Two agencies have announced the opening of offices in out-of-town-centre locations with easy parking. In Loughborough, well-known local agency Andrew Granger &...

13 October 2020

From: Breaking News

New agency software provider launching with ambitious claims

A new Proptech platform is launching next month with claims it will “up-end the way agents do business” and that it will...

13 October 2020

From: Breaking News

Prices up in Prime Central London but recovery is fragile - warning

It’s not a big rise, but price growth has returned to the Prime Central London sales market for the first time...

13 October 2020

From: Breaking News

New “sellers portal” pledges to improve on Rightmove and Zoopla

A new portal-style PropTech product has launched and wants to recruit estate agents to its fold - despite describing the way...

12 October 2020

From: Breaking News

Agency abandons online-only strategy by opening High St office

An estate agency in the south of England has abandoned its online-only strategy and has decided to open a physical office...

12 October 2020

From: Breaking News

Are you steering clear of new Boomin portal? agents asked

A PropTech platform wants to find out agents’ views on a range of industry issues - and that includes whether they...

12 October 2020

From: Breaking News

Countrywide’s new team caters for Covid house moving trend

Countrywide’s high-end brand John D Wood and Co has launched a new country house department, to take advantage of growing demand...

12 October 2020

From: Breaking News

Property Jobs Today - movers and shakers in their new roles

Hello and welcome to PJT, our Monday feature giving you the inside track on major moves in and across our industry. Let...

12 October 2020

From: Breaking News

MBE awarded to Purplebricks founder Bruce

One of the founders of Purplebricks, and now a founder of the portal Boomin, has been awarded an MBE in today’s...

10 October 2020

From: Breaking News

Agents are ’spivs with tape measures’ says angry press article

A right wing magazine once edited by Boris Johnson has called estate agents “spivs with tape measures” who conceal information from...

09 October 2020

From: Breaking News

Market Boom: Sales agreed so far in 2020 surpass last year’s figure

The total Sales Agreed in 2020 so far has overtaken Sales Agreed up to this point in 2019, despite the Coronavirus...

09 October 2020

From: Breaking News

Agents told off for not being ready for Anti-Money Laundering regs

A security company says it is “disappointing” the estate agency industry is only around 55 per cent through preparations to cope...

09 October 2020

From: Breaking News

What next for UK side of US agency as chief exec quits?

Gary Keller is stepping down from his post as chief executive of the global Keller Williams estate agency empire. Although operating chiefly...

09 October 2020

From: Breaking News

Agents Do Charity … walking, in the mud, and with the Bulls

Hello again - the good news is it’s Friday and even better news is it’s Agents Do Charity, celebrating the industry’s great...

09 October 2020

From: Breaking News

Rightmove wins fees war as opponents raise the white flag

The Say No To Rightmove campaign has admitted that getting the number one portal to change its fee structure “may take...

08 October 2020

From: Breaking News

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