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Online agency reduced to shock tactics criticising High St firms

Nested is the latest online agency to base a marketing campaign around criticism of established estate agents.  In three 30-second TV ads...

12 March 2020

From: Breaking News

Latest Countrywide shambles sends share price tumbling

Countrywide’s share price fell by as much as 17 per cent at one point yesterday afternoon as investors assessed the latest...

12 March 2020

From: Breaking News

Savills the latest agency to warn of Coronavirus threat to transactions

Savills is the latest agency to warn about the possible threat of Coronavirus to its business activities and success this year. In...

12 March 2020

From: Breaking News

Agent training to include Modern Method of Auction compliance

Training operator The Able Agent is to include a module on the Modern Method of Auction in its future programme.  Charlotte Jeffry-Campbell,...

12 March 2020

From: Breaking News

Stamp duty is a Southern tax and won’t hurt wealthy foreign buyers

The stamp duty surcharge for non-resident investment buyers announced in yesterday’s Budget is dwarfed by discounts they receive thanks to the...

12 March 2020

From: Breaking News

RICS’ survey shows demand growing before virus worries hit

Sales in February grew, for the third consecutive month, according to the latest market snapshot from the Royal Institution of Chartered...

12 March 2020

From: Breaking News

Stamp Duty change and business rate holiday announced in Budget

There will be a two per cent stamp duty surcharge on the purchase of UK investment properties by non-resident overseas buyers...

11 March 2020

From: Breaking News

Countrywide admits major hold-up of 'vital' deal to sell commercial arm

Countrywide has revealed a major hold-up in its supposedly "vital" sale of its commercial arm - and it is now seeking...

11 March 2020

From: Breaking News

Emergency interest rate cut may help housing market weather Coronavirus

The Bank of England has announced an emergency cut in the base interest rate to shore up the economy during the Coronavirus...

11 March 2020

From: Breaking News

Coronavirus: mortgage holidays announced by some lenders

There has been broad support and relief amongst property industry players following announcements from several lenders that they would grant mortgage...

11 March 2020

From: Breaking News

PropTech Today: uncertain times to accelerate mergers and failures

We live in uncertain times. That I do not need to say to anybody. I am writing this piece aboard my...

11 March 2020

From: Breaking News

ESTAS 2020 Exclusive: Supplier Shortlist revealed today

There’s been another shortlist announced for The ESTAS 2020 - this time for the best suppliers to the estate and letting...

11 March 2020

From: Breaking News

Average sale price was 4% below asking in pre-Boris bounce period

Sellers in the past 12 months accepted an average of 96 per cent of their asking price according to new research. Comparison...

11 March 2020

From: Breaking News

Portal claims Coronavirus sparking Chinese interest in UK property

A property portal is making the controversial claim that the Coronavirus has led to an increase in online interest in UK...

11 March 2020

From: Breaking News

Facebook monthly compliance webinars for Guild agents

Monthly webinars via Facebook are being set up to discuss compliance issues with member agents of the Guild of Property Professionals. “Because...

11 March 2020

From: Breaking News

LSL warns over Coronavirus as takeover talks with Countrywide continue

LSL Property Services says the Coronavirus crisis has led to a softening of "lead sales indicators" - and it warns of...

10 March 2020

From: Breaking News

Rightmove growth at all-time low, despite its market dominance

Rightmove’s growth rate is at an all-time low, despite what some consider to be an unbeatable lead amongst portals in the...

10 March 2020

From: Breaking News

What should OnTheMarket do now? An analyst wants to know...

Prominent agency industry analyst Anthony Codling is asking agents whether the board of OnTheMarket did the right thing by firing Ian...

10 March 2020

From: Breaking News

NAEA to take US PropTech in landmark deal with realtors’ group

The National Association of Estate Agents has announced that it’s to offer US PropTech solutions to UK agents. The REACH programme has...

10 March 2020

From: Breaking News

OnTheMarket not revealing pay-off for sacked Ian Springett

OnTheMarket is not responding to requests to reveal details of any pay-off for its chief executive Ian Springett, who was sacked...

10 March 2020

From: Breaking News

New housing minister’s home has a roof “that leaks like a sieve”

Housing minister Christopher Pincher, who has been in the role for less than a month, has revealed that his home is...

10 March 2020

From: Breaking News

Ian Springett sacked by OnTheMarket board with immediate effect

OnTheMarket has announced this morning that it has given notice to its chief executive, Ian Springett, with immediate effect. The troubled portal's...

09 March 2020

From: Breaking News

Agent repays ‘non-returnable’ reservation fee after property row

An agency has repaid a £6,000 reservation fee to someone who thought they had purchased a property for £83,000 but was later...

09 March 2020

From: Breaking News

Agent Qualifications: ‘Get On With It’ says architect of reform

The author of dramatic reform proposals for estate agents has given a clear message to ministers - Get On With It!  Lord...

09 March 2020

From: Breaking News

Virus threat could kill off strong market start to year, warns agent

The agency behind a poll showing one in six buyers putting plans on hold because of Coronavirus is warning that if...

09 March 2020

From: Breaking News

Property Jobs Today - this week's movers and shakers in the industry

Hello and another Monday means PJT Day, your regular update on movers in the industry. You know the drill by now: if...

09 March 2020

From: Breaking News

The early agent catches the client through an online valuation…

Analysis by an online valuation and lead generation service shows that requests from prospective sellers and landlords are increasingly happening in...

09 March 2020

From: Breaking News

Mystery surrounds top agents quitting firm's landmark branch

Estate Agent Today understands that three senior figures have departed from a key central London branch of Knight Frank. Each of them was...

06 March 2020

From: Breaking News

Sellers desert online agents for High Street rivals, says Zoopla

Almost eight in 10 sellers have instructed High Street agents in the past year - a significantly higher figure than 12...

06 March 2020

From: Breaking News

Invested in Rightmove? Then you’re in the money…

Rightmove has seen one of the best returns on investment of any company in the FTSE indices according to an investment...

06 March 2020

From: Breaking News

Property Log Books - PropTech expert wants cross-industry support

The head of a firm that has been creating digital property log books for well over a decade says the house-moving...

06 March 2020

From: Breaking News

Agents Do Charity - wonderful sentiments in challenging times

Hello and because it’s Friday there are two pieces of good news: it’s nearly the weekend and it’s the day for...

06 March 2020

From: Breaking News

Trying to beat Rightmove is “at best expensive, at worst futile“

Any bid by Zoopla and OnTheMarket to displace Rightmove as the number one portal in the UK is at best expensive...

05 March 2020

From: Breaking News

Coronavirus deterring one-in-six buyers, warns agency’s survey

A survey shows over a sixth of buyers and sellers have already been deterred because of Coronavirus - and that figure...

05 March 2020

From: Breaking News

Ex-Purplebricks territory owner sets up latest hub for Keller Williams

Keller Williams has announced another new market centre, and this time its operating principal is a former Purplebricks territory owner.  JP Downes...

05 March 2020

From: Breaking News

Stamp Duty change set to take centre stage in Budget next week

Increasing numbers of reports suggest that the government will use next week’s Budget to confirm a three per cent stamp duty...

05 March 2020

From: Breaking News

UK interest in free-to-list global portal ramping up in 2020

There’s been a surge in UK enquiries to global free-to-list portal Residential People, and a comparable rise in interest from Chinese...

05 March 2020

From: Breaking News

Corporates lose more and more agents to self-employment - claim

There’s a growing trend for estate agents to quit big-name corporates and either go independent or join US-style brokerages, a top...

04 March 2020

From: Breaking News

ESTAS Exclusive - here’s the shortlist for the 2020 awards

The ESTAS today reveals its shortlist for the 2020 Awards which includes the Zoopla Xcellence Award - a special category that celebrates...

04 March 2020

From: Breaking News

Agents’ safety boosted by PropTech location alarm system

A PropTech firm claims it will improve the security of estate agents and other lone workers through a new app and location...

04 March 2020

From: Breaking News

Move Over Men: the national agency with over 60% female staff

Hunters has become one of the first major agencies to reveal the gender balance of its staff - and 60 per...

04 March 2020

From: Breaking News

Boris Bounce subsides as agent admits London sales slump

There are fears that the so-called Boris Bounce which saw a surge in activity after the General Election may be hitting...

04 March 2020

From: Breaking News

Affordability crunch means most first time buyers quit home towns

A survey suggests that 77 per cent of first time buyers do not purchase their initial property in the same town...

04 March 2020

From: Breaking News

Knock Knock: Ex-Purplebricks duo pledge to “shake up industry”

A new hybrid set up by ex-Purplebricks territory owners says it wants to "redefine estate agency in the customer's favour." Knock Knock...

03 March 2020

From: Breaking News

Coronavirus “a real issue” hurting the market says another agent

A second prominent agent has broken cover to say Coronavirus is slowing the market. Jess Simpson - an ex-Savills and ex-Strutt and...

03 March 2020

From: Breaking News

Stamp Duty must be cut says Boris Johnson’s ‘own’ magazine

The right wing political magazine that Boris Johnson used to edit has called on him to cut stamp duty. The Spectator says...

03 March 2020

From: Breaking News

Trading Standards demands “material information” in property details

Trading Standards says agents must include more “material information” in property details even if this may not be a wholly positive...

03 March 2020

From: Breaking News

Four-year high for mortgage approvals in pre-virus period

Mortgage lenders approved the highest number of loans for house purchase in nearly four years in January, according to Bank of...

03 March 2020

From: Breaking News

Housing Minister launches 'home of the future' competition

The government has launched a competition to attract what it calls “the best and brightest talents of the housing industry” to...

03 March 2020

From: Breaking News

Purplebricks banked £18m fees for unsold homes in 2019 - claim

Purplebricks banked more than £18m in fees for thousands of homes it did not sell last year according to this morning’s...

02 March 2020

From: Breaking News

Phil Spencer: Communication is king – how can agents wear the crown?

Agents are consistently being told that they need to get on board with change. And one could quite easily make the...

02 March 2020

From: Breaking News

Coronavirus fears hitting enquiry levels says leading agent

Agents and senior industry figures fear Coronavirus may derail the strong start to the  2020 housing market. One of the country’s leading...

02 March 2020

From: Breaking News

Online agent who swindled pensioner of £5,000 escapes jail

An estate agent who swindled a 69 year old woman out of £5,000 has escaped jail - and has been ordered...

02 March 2020

From: Breaking News

Brexit clarity allows house price leap - but Brexit uncertainty returns

House prices have risen 2.3 per cent in the past year - the strongest rate of inflation for property since July...

02 March 2020

From: Breaking News

Property Jobs Today - new moves on the March...

Hello and another Monday means PJT Day, your regular update on movers in the industry - and it’s March already. If there...

02 March 2020

From: Breaking News

Industry welcome for clampdown on developers’ leasehold sales

There’s been a broad welcome from agents and other industry organisations for the latest report from the Competition and Markets Authority...

02 March 2020

From: Breaking News

Rightmove loses agents as latest figures show huge rise in fees and profits

Rightmove has released another stonking set of results - but there are signs that some agents are defecting from the ever-more-expensive...

28 February 2020

From: Breaking News

Transaction times slashed and fall-throughs cut by new agents toolkit

The National Association of Estate Agents has launched its Sales Protocol Toolkit, in a bid to reduce fall-throughs and dramatically improve...

28 February 2020

From: Breaking News

Referral Fees: No change “for a while” but reform coming

The Trading Standards report on the future of referral fees is almost completed and will be sent to government next week. However, James...

28 February 2020

From: Breaking News

Foxtons warns of sales slump going on through 2020 despite Boris Bounce

Foxtons is warning that 2020 will be yet another difficult year for the agency despite the so-called Boris Bounce helping the...

28 February 2020

From: Breaking News

Reservation Agreement trials delayed until late spring

Trials of reservation agreements for buyers and sellers have been delayed until the late spring. Statements last year from the Ministry of Housing, Communities...

28 February 2020

From: Breaking News

Trading Standards to probe house raffle problems

Future complaints about property raffles by individual home owners seeking to avoid estate agency fees will in future be handled by...

28 February 2020

From: Breaking News

Agents Do Charity - running hard to fund-raise more…

Hello and welcome to this week’s ADC - a sure sign that it’s the end of the week and time to...

28 February 2020

From: Breaking News

Coronavirus prompts agency to quit property conference

The threat of Coronavirus is beginning to make an impact in the world of property. The Cushman & Wakefield agency announced overnight that...

27 February 2020

From: Breaking News

Challenge to Purplebricks and Countrywide ‘top agency’ claims

Purplebricks and Countrywide have each recently claimed to be the biggest agency group in the UK but now Connells says that...

27 February 2020

From: Breaking News

High profile Savills veteran joins OnTheMarket board

Rupert Sebag-Montefiore has this morning been named as a non-executive director of OnTheMarket. He will also serve as chairman of the portal’s...

27 February 2020

From: Breaking News

Woman says she had ‘no idea’ about £505,000 stolen from Yopa

A woman claims she had no idea that her husband stole almost £1.5m from two high-profile employers - one of them...

27 February 2020

From: Breaking News

Market surge as buyers soar over a fifth despite winter weather

New figures from the National Association of Estate Agents show a big surge in demand despite the winter weather since the...

27 February 2020

From: Breaking News

Agency is one of the best to work for - for the sixth year!

Regional estate agency chain Ashtons has been listed in the Sunday Times 100 Best Small Companies to Work for, for the...

27 February 2020

From: Breaking News

Apartments branded ‘least popular’ property type based on sales

A PropTech website has broken down the sales recorded by HM Land Registry in 2019 into property types - and apartments...

27 February 2020

From: Breaking News

Lawyer warns online agency clients to beware of email signatures

Buyers and sellers using online estate agencies could inadvertently sign contracts if they carelessly use email signature blocks. Blocks are the ‘auto-signatures’...

26 February 2020

From: Breaking News

First merger disclosure forms filed by Countrywide and LSL

Both Countrywide and LSL Property Services have submitted early online paperwork to The Panel on Takeovers and Mergers, an independent body...

26 February 2020

From: Breaking News

New Rightmove tool shows price per square metre falling in real terms

Forget the Boris Bounce - this might be the Rightmove Retreat. A new tool produced by the portal measures price per...

26 February 2020

From: Breaking News

OnTheMarket share price falls to equal lowest-ever level

The share price of challenger portal OnTheMarket has fallen to its equal lowest-ever level after a drop of over five per cent...

26 February 2020

From: Breaking News

PropTech Today: Agency mergers and new business models

What an interesting few days it’s been. I don’t think the topic of this week’s column is doing anything good for our...

26 February 2020

From: Breaking News

Ban on new-build second homes going to a vote tomorrow

Another westcountry town may ban new-build homes being sold as holiday properties, even though the idea has backfired elsewhere. Fowey in Cornwall -...

26 February 2020

From: Breaking News

Agents asked to confess if their firm has been price-fixing

A new call has been issued this morning by the Competition and Markets Authority for estate agents to confess if their...

25 February 2020

From: Breaking News

Underpaid agents told: ‘You can earn £200k a year in a hybrid firm’

An estate agent who has himself made the move from the High Street to a hybrid operation has urged anyone in...

25 February 2020

From: Breaking News

Social Media: Agent sells home off-market via Instagram teaser images

An estate agent has sold a home off-market by posting teaser photographs on Instagram.  The buyer - who was in the French...

25 February 2020

From: Breaking News

Countrywide faces crunch deadline for decision on its future

It’s been revealed that under takeover rules, LSL Property Services and Countrywide have until March 23 to make merger or takeover...

25 February 2020

From: Breaking News

Agencies back traditional branches with new office deals

Two agencies are looking to the future with optimism, and striking new deals for their own premises. Vickers & Barrass is reported...

25 February 2020

From: Breaking News

New Homes Ombudsman announced (again) with banning powers

The government has - once again - announced the introduction of a New Homes Ombudsman.  The news came yesterday when Housing Secretary...

25 February 2020

From: Breaking News

Confirmed: Countrywide admits ‘mega merger’ talks with LSL underway

Countrywide and LSL Property Services have this morning confirmed that talks are underway about a possible mega-merger. This confirms the speculation yesterday that...

24 February 2020

From: Breaking News

Blood and branches will be shed in Countrywide merger, experts predict

Some of the biggest figures in the industry have given Estate Agent Today their reaction to the news - broken yesterday...

24 February 2020

From: Breaking News

Property Information Form in spotlight after sellers face £285k bill

Sellers who failed to mention a motel and diner being constructed nearby have been ordered by a court to pay £285,000...

24 February 2020

From: Breaking News

Up, Up, Up: transactions surge in early 2020 says HMRC

There’s been a significant rise in the number of transactions recorded in January - another sign of an improving housing market...

24 February 2020

From: Breaking News

Big win for Zoopla as large historic family agency lists on portal

Boydens, a seven branch family-owned business that dates back to 1852, has become the latest agency to join Zoopla. It will list...

24 February 2020

From: Breaking News

Property Jobs Today - who’s moving where, why and when

Hello - it’s Monday and so it’s PJT, where you can catch up on the industry major moves of recent days. Please...

24 February 2020

From: Breaking News

Countrywide and LSL planning £500m 'super-agency' merger - claim

Sky News claims that Countrywide and LSL Property Services are discussing a merger to become a £500m super-agency.  In an exclusive it...

23 February 2020

From: Breaking News

Rightmove charges blamed for helping some agents go bust

A free-to-list portal says the costs of listing on the established sites - especially Rightmove - are contributing to estate agencies...

21 February 2020

From: Breaking News

Conveyancer claims pioneering app will speed up transactions

A conveyancing firm has launched what it claims to be one of the first ever apps for vendors and buyers in...

21 February 2020

From: Breaking News

Flooded houses could suffer 30% hit on asking prices, says agent

Buying agents are making waves about the hit on asking prices suffered by properties that have been flooded or are at...

21 February 2020

From: Breaking News

“Fat cat freeholders” would be stopped by Commonhold - claim

The government is being urged to make commonhold ownership compulsory on all new apartments - and the move could even begin a...

21 February 2020

From: Breaking News

Agents Do Charity - from Down Under to the London Marathon…

Hello and welcome to the end of the week…which must mean Agents Do Charity. There’s plenty to admire in this week’s entries;...

21 February 2020

From: Breaking News

Over 50 agents join new national agency in first three months

A new national agency concept - eXp UK - has revealed that it has recruited over 50 agents in its first...

20 February 2020

From: Breaking News

Top agency’s new franchise operation gets ready for roll-out

Estate agency Chestertons has named the new chief operating officer for the roll out of its UK and Europe franchising operation. Some...

20 February 2020

From: Breaking News

Foxtons chairman to stand down next week

Foxtons has this morning announced that chairman Garry Watts is to retire from his position on March 1. He is also quitting...

20 February 2020

From: Breaking News

460 jobs lost in 2019 Your Move/Reeds Rains branch closures

It’s been revealed that the branch closure programme by Your Move and Reeds Rains last year resulted in 460 lost jobs...

20 February 2020

From: Breaking News

Nice Try! HMRC challenge stops bid to win stamp duty discount

A legal challenge by HM Revenue and Customs has stopped a bid to secure a stamp duty discount on a property. The...

20 February 2020

From: Breaking News

Every region seeing house price rises for first time in two years

In another positive sign for the housing market, every region of the UK has seen a price rise according to the...

20 February 2020

From: Breaking News

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