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Shocking story of agency owing thousands ‘asking sellers to pay upfront’

A sales and lettings agency which has entered insolvency is reported by a local newspaper to have offered vendors cut-price fees...

23 September 2019

From: Breaking News

Agents should routinely tell buyers about air pollution, says NAEA

Last week we covered a story, broken by The Times, about a new website allowing users to discover the air quality...

23 September 2019

From: Breaking News

Property Jobs Today - this week’s news and moves in the industry

Hello and welcome to your regular Monday PJT, the essential guide to who’s moving where in our industry. Everyone mentioned here got...

23 September 2019

From: Breaking News

Former Emoov agency fined for anti-money laundering breaches

HM Revenue & Customs has revealed that the original Emoov online agency has been fined for breaches of money laundering regulations. HMRC...

20 September 2019

From: Breaking News

All eyes on Purplebricks to see if share changes continue

All eyes will be on Purplebricks today to see if there is further development in what some believe is a long-term...

20 September 2019

From: Breaking News

Brexit No Deal means interest rates ‘could go either way’

The Bank of England has once again maintained base rate at 0.75 per cent - but it is warning that the...

20 September 2019

From: Breaking News

The public 'underestimate agency fees by almost £6,000' - claim

A quick move company claims that the general public underestimate estate agents’ fees by around £6,000.  A survey of 2,000 home owners...

20 September 2019

From: Breaking News

Social media and marketing take centre stage at NAEA Conference

The first speakers have been announced for the 2020 conference of the National Association of Estate Agents, to be held on...

20 September 2019

From: Breaking News

Agents Do Charity - and it’s a big kick-off this weekend…

All eyes are on Japan for the Rugby World Cup beginning this weekend…but there’s still time for our industry to raise...

20 September 2019

From: Breaking News

 Purplebricks: Woodford sells another slice prompting new speculation

Troubled star fund manager Neil Woodford has sold another slice of his share in Purplebricks, prompting further speculation about the future...

19 September 2019

From: Breaking News

Countrywide’s new Property MOT resembles old Home Information Pack

A property MOT being launched by Countrywide and described as “game changing” for the house buying process will include survey and...

19 September 2019

From: Breaking News

Is stamp duty to blame for a 20% drop in transactions in some areas?

An estate agent is linking a drop in transactions of as much as 20 per cent with the stamp duty increases...

19 September 2019

From: Breaking News

Seven Year Hitch: House price growth now slowest since 2012

The annual rate of growth of UK house prices has slowed to its lowest level since September 2012. Official government data from...

19 September 2019

From: Breaking News

PropTech link up for sales progression tool and property management firm

Property management service Move with Us has announced a new partnership with chain management service View My Chain. Move with Us, founded...

19 September 2019

From: Breaking News

Missing Links: London's golf courses have land to house a million people

It’s bizarre but true (apparently). London’s golf courses could provide the land for homes that could house a million people. An interesting...

19 September 2019

From: Breaking News

Hybrid agency brand seeks to spread nationwide with franchisees

A hybrid estate and lettings agency operating currently in Manchester, Liverpool and others parts of the north of England has told...

18 September 2019

From: Breaking News

Good news for agents as first time buyer numbers improve

There's good news for the market in at least one sector - mortgages offered to first time buyers. Latest figures from the...

18 September 2019

From: Breaking News

PropTech Today: Is PropTech about to burst?

There are those who say that PropTech is at risk of becoming a bubble market, and others who say bubbles don’t...

18 September 2019

From: Breaking News

MPs slam Help To Buy for aiding only those who could buy anyway

A report by the influential Public Accounts committee of MPs has been highly sceptical of the effectiveness of Help To Buy. It...

18 September 2019

From: Breaking News

How much do first timers know about buying a home? Not a lot...

A study from Santander Mortgages has blown the cover on first time buyers, suggesting they know almost nothing and research very...

18 September 2019

From: Breaking News

House values could plummet 20% in pollution hotspots, new service claims

It’s been revealed this morning that the organisation behind a new clean-air website is encouraging buyers to seek reductions of as...

17 September 2019

From: Breaking News

Is mis-measurement of homes by agents the next PPI scandal?

A PropTech company is suggesting that property mis-measurements and resulting over-valuations may be the next PPI scandal. The firm - Spec, which...

17 September 2019

From: Breaking News

Government ‘trying to put a lid on house price rises’ admits minister

The new housing minister has admitted that her party has tried to “put a lid” on house price rises and has...

17 September 2019

From: Breaking News

Sales progression even more vital with Brexit and election imminent

Continuing political uncertainty over Brexit and now a significant chance of an autumn or winter General Election makes the case for...

17 September 2019

From: Breaking News

Market news: Three bedroom homes sell quickest this autumn

New research shows that three bedroom homes are the quickest selling property type this autumn. After a series of sluggish house price...

17 September 2019

From: Breaking News

Click & Collect! PropTech firm offers online buy, refurb and let service

A PropTech start-up says its service allows investors from anywhere in the world to buy property in the UK which can...

17 September 2019

From: Breaking News

Ex-Purplebricks boss says High Street fees could rise if agents prove they're worth it

Former Purplebricks chief executive Lee Wainwright says the problem for estate agents maintaining a strong level of fees isn’t competition from...

16 September 2019

From: Breaking News

Brexit hurting the south while north prices rise, says Rightmove

A pessimistic set of figures on asking prices, transaction volumes and stock levels culminates in Rightmove urging vendors to be willing...

16 September 2019

From: Breaking News

Former Savills duo set up new agency in “most desirable county”

Two former directors of Savills in Cornwall have set up their own agency based near the county capital, Truro. Shore Partnership has been...

16 September 2019

From: Breaking News

Rock bottom supply levels help reinvigorate London’s sales market

A rock bottom supply of homes on sale is helping to reinvigorate London sales according to a market monitor. The website Home...

16 September 2019

From: Breaking News

Stamp Duty: would these three radical reforms work?

A blog for the British Property Federation has come up with three radically different proposals for stamp duty, providing food for...

13 September 2019

From: Breaking News

OnTheMarket beats Rightmove for generating leads, claims City advisor

A banking company used by OnTheMarket has issued a note to its investor clients claiming the portal “arguably beats its peers...

13 September 2019

From: Breaking News

Great news: Agents' charges fall despite higher cost of moving house

The typical estate agency fee paid by a seller has actually fallen one per cent in the past year according to...

13 September 2019

From: Breaking News

Ex-Foxtons agent launches first-ever buying service just for first timers

A former Foxtons estate agent has set up a property finding service which is exclusively for first time buyers - believed...

13 September 2019

From: Breaking News

Connells appeals for independent agencies wanting to sell up

Connells Group has announced its acquisition of an independent Cambridgeshire agency - and it says it’s on the look out for...

13 September 2019

From: Breaking News

Agents Do Charity - and it’s very hot stuff this week

Our first wonderful fund-raising agents this week are walking over hot coals - now that’s a dare for you. But you don’t...

13 September 2019

From: Breaking News

Branch closures: Large number of offices quit the High Street

A comprehensive report into the changing complexion of the High Street suggests that some 143 estate agents’ offices closed in the...

12 September 2019

From: Breaking News

Catch her if you can: latest housing minister makes key speech today

Who knows how long any housing minister will last, especially with a General Election widely expected in the coming months. So Esther...

12 September 2019

From: Breaking News

Agency downgrades London and UK market forecasts

Cluttons has downgraded its forecasts for the housing markets in London and the rest of the UK for the remainder of...

12 September 2019

From: Breaking News

Winkworth sales dip but new franchisees knocking on the door

Winkworth’s trading statement for the first half of 2019 show the company’s revenue and pre-tax profit both dipping slightly - but...

12 September 2019

From: Breaking News

One of country’s oldest independents snapped up by fast-growing agency

The independent Seel and Co, one of Cardiff’s and Wales’ oldest independent agencies and auction houses, has been acquired by Jeffrey...

12 September 2019

From: Breaking News

Purplebricks spends £382 per instruction on marketing alone

Purplebricks has spent £26.7m on marketing in the past year - that represents £382 per instruction.  The figures, revealed in the agency’s...

11 September 2019

From: Breaking News

PropTech Today: Maybe the portals should just take over?

I remember the day well; the day we all fell foul of addiction, the day our website was launched. Until then, at...

11 September 2019

From: Breaking News

Referral Fees: Guild backs tighter rules and is checking members for compliance

The Guild of Property Professionals has welcomed government steps to provide buyers and sellers with greater transparency in transactions - and...

11 September 2019

From: Breaking News

Portal says it can add to client databases depleted by GDPR

A free-to-list portal says it’s an ideal way to capture potential leads so as to augment agents’ client databases that have...

11 September 2019

From: Breaking News

Barratt is first house builder to list on OnTheMarket

Barratt Developments’ three consumer brands - Barratt Homes, David Wilson Homes and Barratt London - are the first developers to list...

11 September 2019

From: Breaking News

PropTech duo use podcasts to tell agents how to improve business

Two PropTech advocates have launched a podcast series telling agents how to improve their businesses. One of the couple is Mark Worrall,...

11 September 2019

From: Breaking News

New blow for Purplebricks as City expert claims it's grossly over-valued

Purplebricks’ recent strong share price rise is not a good sign for the agency but an indication that it may be...

10 September 2019

From: Breaking News

EweMove hybrid defends recruiting franchisees with no agency experience

The parent company of franchised hybrid estate agency EweMove says that experienced estate agents outperform inexperienced franchisees - but only for...

10 September 2019

From: Breaking News

Agency boss-turned MP will resign Tory whip if government breaks law

Hunters chairman Kevin Hollinrake, who is also a Conservative MP, has given notice that he would resign the party whip if...

10 September 2019

From: Breaking News

Agents urged to work with businesses on urban regeneration proposals

A £3.6 billion Towns Fund to support towns across England to build prosperous futures through innovative regeneration is a perfect chance...

10 September 2019

From: Breaking News

Jail for fake estate agent who conned thousands out of women

A fraudster who claimed to be an estate agent has been jailed for four years after conning vulnerable women into giving...

10 September 2019

From: Breaking News

Three top online chiefs abandon sector and buy into full-fee agency

Three former online estate agency founders - including the controversial Russell Quirk - are going into mainstream full fee agency. They are...

09 September 2019

From: Breaking News

Referral Fees: government amends guide for buyers and sellers

The government has issued a revised version of its official How To Buy and How To Sell documents, aimed at consumers...

09 September 2019

From: Breaking News

Property Jobs Today - the news you need on the industry’s top moves

Hello and welcome to the latest PJT, your weekly opportunity to catch up on key moves within the industry. Everyone mentioned here...

09 September 2019

From: Breaking News

Agents praise “remarkable” market for staying strong despite Brexit

Another house price index has suggested the housing market continuing to show great resilience despite the continuing economic and political uncertainty. The...

09 September 2019

From: Breaking News

Stamp duty and easier mortgages help first time buyers select larger homes

First time buyers will constitute the largest single group of purchasers in 2019, despite the apparent difficulties of deposits and securing...

09 September 2019

From: Breaking News

Dodgy survey boosts online agents - including one that doesn’t exist

A survey claims that millions of potential sellers would use online estate agents - and bizarrely, this includes an online agency...

06 September 2019

From: Breaking News

Estate agency’s administration to be extended for another year

A business site says an agency’s administration has been extended as insolvency specialists try to find its former owner to claim...

06 September 2019

From: Breaking News

Will sellers come back to the market this month after the August lull?

The number of new property listings in the UK fell by a whopping 13.2 per cent in August according to online...

06 September 2019

From: Breaking News

Hunters branch network hits 200 with emphasis on IT and local expertise

Franchise giant Hunters says its branch network has now hit 200 following a spate of acquisitions in the first half of...

06 September 2019

From: Breaking News

Foreign buyers in London enjoy 25% off pre-referendum prices

High end agency Knight Frank says prices in prime central London have fallen again - although the 4.4 per cent drop...

06 September 2019

From: Breaking News

Agents Do Charity - forget the election, what about the fund-raising?

There’s plenty of action in and around Westminster these days, but while the political temperature rises, the marvellous work of agents,...

06 September 2019

From: Breaking News

Zoopla wins back one of Britain’s largest regional estate agencies

One of the country’s largest regional estate and lettings agencies has now fully rejoined Zoopla. Yorkshire-based Dacre, Son & Hartley brings its...

05 September 2019

From: Breaking News

Property ‘social network’ portal prepares for formal launch this month

A portal which describes itself as a social network and which has been operating on a soft launch basis for many...

05 September 2019

From: Breaking News

Trying Times: Agent’s rugby marketing wheeze could cost him £250,000

An estate agent in Cardiff has come up with a marketing wheeze in a bid to win more instructions - but...

05 September 2019

From: Breaking News

High end agency opens new training centre in London branch

Knight Frank has expanded its residential London network with the addition of a new South Bank office. While many agencies have shut...

05 September 2019

From: Breaking News

PropTech firm launches anti-money laundering audit checks for agents

A PropTech firm is marketing anti-money laundering audit checks for agents to help the industry comply with tighter regulation. Identity verification business...

05 September 2019

From: Breaking News

London market improves thanks to buyers returning at last

A housing market monitor that for some months has been pessimistic about London and the rest of the England and Wales...

05 September 2019

From: Breaking News

Purplebricks’ US boss seeks UK backing for new online agency

Former Purplebricks US chief executive officer Eric Eckardt is seeking some £6m in funding from across the world for his latest...

04 September 2019

From: Breaking News

PropTech Today: Has Airbnb met its match, what could this mean for agents?

I suspect that at some time we have all rented an Airbnb (I am sitting on the couch of one as...

04 September 2019

From: Breaking News

‘Property Marketplace’ allows sellers to invite agents to pitch for business

A new PropTech online platform called BestAgent Property Marketplace is to launch next year following a series of 12 meetings this autumn. It...

04 September 2019

From: Breaking News

OnTheMarket fee freeze challenged by new portal saying ‘Why Pay At All?’

OnTheMarket’s selective fee freeze for agents has been challenged by a new portal which asks agents: ‘Why pay at all?’ OTM revealed...

04 September 2019

From: Breaking News

Agent stands up for industry as MPs squabble over Brexit and election

A leading London estate agent has written to The Times dismissing MPs who have been squabbling over Brexit and a possible...

04 September 2019

From: Breaking News

It's not so bad for First Time Buyers as affordability improves

No less than 56 per cent of properties across the UK are in areas that are affordable for first time buyers...

04 September 2019

From: Breaking News

Online boss slams ‘disorganised’ and ‘cloaked’ estate agency industry

A new online estate agency has attacked the industry for being “largely cloaked and ambiguous” - and says that of all...

03 September 2019

From: Breaking News

OnTheMarket snipes at Rightmove as it reveals price freeze for some agents

OnTheMarket says it will not increase listing charges in 2020 for any agents currently paying full fees, while agencies which list on only...

03 September 2019

From: Breaking News

Stamp duty shift from buyer to seller ‘could offset Brexit price fall’

Pressure continued to mount on the government to clearly address the issue of stamp duty as a leading business consultancy suggested...

03 September 2019

From: Breaking News

Tragedy as Suzy Lamplugh Trust chief executive dies aged 42

The chief executive of the Suzy Lamplugh Trust, set up to commemorate the murdered estate agency, has died at the age...

03 September 2019

From: Breaking News

Old-style auction claims “tremendous success” despite problem for sector

Pattinson Auction has claimed its latest live non-online event was a “tremendous success” despite what it calls “misconceptions” about this way...

03 September 2019

From: Breaking News

Stamp Duty: will conveyancers help buyers wanting to pay less?

A London estate agency says one of its buyers wants to delay completion until November 1 “just in case stamp duty...

02 September 2019

From: Breaking News

Countrywide launches game changing” property MOT

Countrywide’s surveying division says it’s found a “knowledge gap” in existing surveys after a study involving over 15,000 buyers. The agency group...

02 September 2019

From: Breaking News

Property Jobs Today - we’re back with the latest industry moves

It’s been two weeks since our last PJT, thanks to the Bank Holiday, so there’s plenty of news in today’s edition. If...

02 September 2019

From: Breaking News

Market may stall ‘with Boris loose at the wheel’ warns senior agent

A senior estate agency director is warning that house price growth could continue to stall “with Boris loose at the wheel”. Benham...

02 September 2019

From: Breaking News

New home registrations fall 9% in just one year

The number of new homes registered to be built in the UK during July was nine per cent lower than a...

02 September 2019

From: Breaking News

PropTech firm wants to clean up image of Modern Method of Auction

A company operating the controversial Modern Method of Auction says it is trying to improve the sector’s image after a series...

30 August 2019

From: Breaking News

Agency chief blasted for backing Boris Johnson, Brexit and homes policy

Estate agent turned Conservative MP Kevin Hollinrake has provoked a furious response on social media by coming out in favour of...

30 August 2019

From: Breaking News

Dress to impress! Veteran agent says banning ties is knot the answer

A veteran estate agent has got hot under the collar about a London firm which has ordered its negotiators and other...

30 August 2019

From: Breaking News

OnTheMarket ads return to promote ‘new and exclusive’ feature

OnTheMarket TV adverts return on Monday with what the portal calls “a refreshed version” giving more prominence to its ‘new and...

30 August 2019

From: Breaking News

Agents Do Charity - as the second half of the year begins…

Some may say that we’re almost in the ninth month of the year but for many, August Bank Holiday heralds the...

30 August 2019

From: Breaking News

No Deal Brexit will create “feeding frenzy” of foreign buyers, says agent

An independent estate agency says a No Deal Brexit will prompt a “feeding frenzy” of foreign buyers who are already “piling...

29 August 2019

From: Breaking News

“Unworkable” government housing tweaks widely criticised by industry

There has been a sceptical response by agents and others in the property industry to the government’s latest headline-grabbing tweaks to...

29 August 2019

From: Breaking News

Viewings - these problems deter would-be buyers

A new survey claims to have discovered the sights and experiences that most deter would-be buyers when they view homes on...

29 August 2019

From: Breaking News

NAEA wants a single Ombudsman to cover all housing issues

The National Association of Estate Agents has told the government that it wants one single Ombudsman to provide redress across all...

29 August 2019

From: Breaking News

London is only region to see rise in repossessions

A new analysis of privately owned homes with mortgages outstanding shows repossessions have risen in London - but they’re down in...

29 August 2019

From: Breaking News

Top agent tells PM that stamp duty chatter is causing market “paralysis”

A well-respected agent who was president of the NAEA just five years ago has written to Prime Minister Boris Johnson asking...

28 August 2019

From: Breaking News

Housesimple boss renews his attacks on High Street agents

The head of online agency Housesimple has made another strident attack on the integrity of High Street agents by saying some...

28 August 2019

From: Breaking News

First time buyers may get discounts if they buy locally, government says

The Housing Secretary says he wants to make home ownership more affordable for first time buyers - which could mean discounts...

28 August 2019

From: Breaking News

PropTech Today: Are we hiring the wrong people?

As real estate firms begin to execute their Q3 strategies and think more closely about Q4, there is one major question...

28 August 2019

From: Breaking News

Data service to reduce free info for agents and introduce subscription option

A new service which launched in June and pledged to provide estate and letting agents with “game changing” access to property...

28 August 2019

From: Breaking News

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