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Countrywide wins new deal with lenders to continue ‘turnaround plan’

In a trading statement this morning, Countrywide says it has “a new covenant package with lenders provides the financial flexibility to...

31 July 2019

From: Breaking News

Connells says it's UK's most successful estate agent despite profits dip

Connells Group has this morning announced a profits dip for the first six months of the year.  Its pre-tax profits were £26.2m...

31 July 2019

From: Breaking News

Agents beware as council cannot take search queries for six weeks

A local authority in the Home Counties says it will not be possible to accept search queries for six weeks starting...

31 July 2019

From: Breaking News

OnTheMarket offering more shares to long-term agency sign-ups

OnTheMarket has applied to the London Stock Exchange for the release of over a million new shares to agents who have...

31 July 2019

From: Breaking News

PropTech Today: Keller Williams proves transformation comes from the top

Keller Williams continues to drive culture, mentality, and process transformation by partnering with DocuSign to enable electronic signatures. It’s another lesson in...

31 July 2019

From: Breaking News

Prime Central London housing gloom may be lifting at last

There may be signs that the gloomy housing market which has hit Prime Central London for some years may finally be...

31 July 2019

From: Breaking News

easyProperty acquired by firm with backing of Stelios Haji-Ioannou

Online estate agency EasyProperty has been acquired by a firm with the backing of Sir Stelios Haji-Ioannou. easyProperty has been sold by the eProp...

30 July 2019

From: Breaking News

OnTheMarket boss tells agents not to increase Rightmove exec bonuses

A note sent out by OnTheMarket chief executive Ian Springett has suggested that the way estate agents work may directly lead...

30 July 2019

From: Breaking News

Branch closures boost profits at Your Move and Reeds Rains

LSL Property Services, parent firm of Your Move and Reeds Rains, says the company’s branch closure programme was a success with profits...

30 July 2019

From: Breaking News

Boris Johnson’s stamp duty chatter could paralyse market - fear

Housing experts have expressed their concerns that speculation about a radical stamp duty reduction to be introduced by Boris Johnson’s government...

30 July 2019

From: Breaking News

Supply dips but housing market stronger than expected say agents

The National Association of Estate Agents says that  both demand and particularly supply have dipped in the past month - but...

30 July 2019

From: Breaking News

Market stalls in south of England cities but north begins to boom

The average house price growth across southern cities is running at the lowest level recorded since January 2012, according to Zoopla.  Prices...

30 July 2019

From: Breaking News

Countrywide now “beyond salvation” says former chief executive

Countrywide is now “beyond salvation” according to former chief executive Harry Hill. The industry veteran, who also founded Rightmove, made the remark...

29 July 2019

From: Breaking News

Flipping Well: buy and sell within a year makes £30k on average

Those who bought and sold the same property in 2018 made an average of £30,150 - but the number who do...

29 July 2019

From: Breaking News

Property Jobs Today - we reveal who’s in and who’s out

Hello and welcome to the start of a new week and a new Property Jobs Today column, bringing you the industry’s...

29 July 2019

From: Breaking News

Up! Up! Up! UK house prices rise £11 a day … but London prices drop

British homes have increased in value by an average of £11 per day since the beginning of the year, but with...

29 July 2019

From: Breaking News

Equity release firm woos downsizers with claims of record high wealth

An equity release provider says there is now £382 billion worth of equity available within older homeowners’ properties following recent house...

29 July 2019

From: Breaking News

Rightmove: agency numbers fall 3% but profits and revenue soar 10%

Rightmove’s half year figures this morning continue to show strong growth in profits and revenue - but there are the first...

26 July 2019

From: Breaking News

Foxtons sales slump another 10% as agency says ‘lettings are our priority’

Foxtons’ sales slumped another 10 per cent and its total revenue dropped another 3.5 per cent according to figures released this...

26 July 2019

From: Breaking News

Agents charge average 1.2% but highest hits 2.9% says comparison website

Some estate agents are charging as much as 2.9 per cent commission according to a survey by comparison website GetAgent. While the...

26 July 2019

From: Breaking News

New portal snaps up early PropTech listings site Nethouseprices

One of the earliest property websites, nethouseprices.com, has been acquired by fledgling property portal OneDome.  Nethouseprices was set up in 2004 and...

26 July 2019

From: Breaking News

Fifth of house moves delayed by uncleared funds or slow sellers

Some 115,000 house moves are delayed annually because of funds not being cleared on time or because sellers have not vacated...

26 July 2019

From: Breaking News

Agents Do Charity - the Phew What A Scorcher edition...

Welcome to this week’s ADC…and what a week it’s been. Politics? No, hot air of a different kind - the weather.  Yet...

26 July 2019

From: Breaking News

High profile housing minister named - but how long will she last?

Esther McVey is to be the new housing minister - one of the most seasoned politicians to take the job in...

25 July 2019

From: Breaking News

Agents warned to be in a redress scheme for ALL aspects of their work

Estate and letting agents are being urged to check that they are signed up with an approved redress scheme that covers...

25 July 2019

From: Breaking News

70% of agents fail to use video or a YouTube channel for marketing

Seven in 10 agents fail to use video or YouTube to assist in their marketing according to an analysis by free-to-list...

25 July 2019

From: Breaking News

The market’s in good shape, new mortgage figures suggest

Data from UK Finance, which represents most of the country’s lenders, shows that gross mortgage lending across the residential market in...

25 July 2019

From: Breaking News

Prime London transactions improve - so do we need stamp duty reform?

Transactions in the troubled prime London market have actually increased year on year according to Knight Frank’s latest market snapshot. The agency...

25 July 2019

From: Breaking News

Esther McVey is Housing Minister; Robert Jenrick is Housing Secretary

The new Secretary of State for Housing, Communities and Local Government is the relatively unknown Robert Jenrick -  but his new housing...

24 July 2019

From: Breaking News

Shock figures show agents’ pay has collapsed one-third in 10 years

Estate agents are amongst the workers to suffer the worst fall in wages over the past 10 years according to shock...

24 July 2019

From: Breaking News

Treat Johnson’s stamp duty promises with caution, say top agents

One of the country’s most respected agents has advised the agency industry to treat Boris Johnson’s pledges with real caution. Black Brick buying...

24 July 2019

From: Breaking News

PropTech Today: UK government is beginning to take PropTech seriously

I feel I am in a fortunate position. I have been central to the PropTech movement for a number of years,...

24 July 2019

From: Breaking News

Early challenge for Johnson: “scary” transactions drop, prices set to fall

London and South East England are to see house price falls this year and only “very modest” growth in 2020 -...

24 July 2019

From: Breaking News

 Backfired! Ban on new-build second homes leads to higher house prices

A bid to ban the building of new homes for out-of-town buyers has backfired on a Cornish community - and now...

24 July 2019

From: Breaking News

What now for the agency industry as Boris Johnson takes over?

Our own industry’s upheaval over recent years has been no less dramatic than the turmoil at Westminster. The political earthquake has seen...

23 July 2019

From: Breaking News

Industry has learnt two lessons from online, says High Street agency chief

The chief executive of Hunters franchise operation, Glynis Frew, says online estate agencies have given the industry two ‘positives’ - but...

23 July 2019

From: Breaking News

Online firm says its agents could earn ‘unlimited monthly income’

An online agency which last autumn said it wanted to have as much as a three per cent market share of...

23 July 2019

From: Breaking News

Today may be final day in office for current housing minister

This may be the final full day in office for Kit Malthouse, the latest politician to occupy the short-term position of housing...

23 July 2019

From: Breaking News

Over 12 agencies named as latest members of independents’ group

The fledgling Federation of Independent Agents has revealed a list of agents which have joined the scheme.  The very latest is Oakwood...

23 July 2019

From: Breaking News

London agent says worried Hong Kong investors already fleeing to UK

High end London estate agency Aston Chase says there’s already been a surge in interest in property in the UK capital...

23 July 2019

From: Breaking News

Pundit Henry Pryor says he offers 'media balance' against estate agents

Property pundit Henry Pryor says he is invited on TV and radio in order to provide “balance” against estate agents who...

22 July 2019

From: Breaking News

Crooked swindler estate agent jailed - and the police are delighted

An estate agent who ruthlessly used his position as a prominent figure in the community to win the trust of vulnerable...

22 July 2019

From: Breaking News

Property Jobs Today: your Monday round up of industry moves...

Hello and welcome to this latest edition of PJT, your regular weekly column giving all the key appointments news in the...

22 July 2019

From: Breaking News

Name change for franchise agency to reflect diversification

Belvoir, the UK's largest property franchise, has changed its name - at least slightly - from Belvoir Lettings to Belvoir Group.  In...

22 July 2019

From: Breaking News

New industry regulations: clarity and speed are vital

A leading figure in the PropTech sector says clarity and speed are vital to ensure agencies can adequately prepare for a...

22 July 2019

From: Breaking News

Agency welcomes 20-fold increase in mortgages running 40 years or more

The number of UK residential mortgages approved with a term of 40-years or more jumped over 20-fold in 2018. London estate agency...

22 July 2019

From: Breaking News

Huge fine for estate agency after data breach

The Information Commissioner’s Office has fined a London estate agency £80,000 for leaving 18,610 customers' personal data exposed for almost two years. The security...

19 July 2019

From: Breaking News

Reforms win industry support as trade groups jostle for influence

Trade bodies and property firms have strongly welcomed the recommendations for root and branch reform of the agency industry - and...

19 July 2019

From: Breaking News

Shifting stamp duty away from buyers will boost market, says top agent

One of the country’s leading estate agents says shifting the burden of stamp duty away from the buyer - which is...

19 July 2019

From: Breaking News

New evidence suggests equity release hurting transaction volumes

There’s more ammunition today for those agents who argue that equity release stops people moving and thus cuts the number of...

19 July 2019

From: Breaking News

Government pledges to beef up anti-money laundering elements of new Bill

The government has published its response to an MPs’ committee’s comments on overseas buyers of properties in the UK - and...

19 July 2019

From: Breaking News

Agents Do Charity - a constant source of pride in the industry…

The trade headlines may be dominated by a revolution proposed for how agents are regulated, licensed and trained but one thing...

19 July 2019

From: Breaking News

All Change: new regulator, licensing and qualifications proposed for agents

The government has published proposals for far-reaching changes to the way estate and letting agents are regulated, trained and licensed. The proposals...

18 July 2019

From: Breaking News

Agents urged to ‘get ahead of the game’ on mandatory qualifications

Trade organisations including the National Association of Estate Agents have welcomed today’s publication of the report of the Regulation of Property...

18 July 2019

From: Breaking News

Agents say official house price figures don't reflect recent market boost

Agents have put a brave face on official government figures which have shown a shock fall in London house prices and...

18 July 2019

From: Breaking News

‘Good communication helps keep vendor expectations in check’

Improved communication and increased transparency throughout the buying process can manage vendors’ expectations, improve satisfaction scores and create long-term clients. That’s the...

18 July 2019

From: Breaking News

US high rollers buy London homes expecting post-Brexit bounce

A leading London estate agency with US connections says there has been a surge in high net worth American buyers in...

18 July 2019

From: Breaking News

‘Safer Property Search’ scheme to prioritise agents covered by TPO

A trade association of agents selling properties overseas has launched a new feature which it claims will give buyers greater security...

18 July 2019

From: Breaking News

Online agencies in the doldrums as market share stalls

There’s more bad news for online estate agencies this morning as a survey reveals that they have only a seven per cent...

17 July 2019

From: Breaking News

PropTech Today: Rightmove fails to understand first rule of innovation

The recent announcement of a clicktopurchase partnership demonstrates some much-needed progression from Rightmove. In doing so, however, it could be said it...

17 July 2019

From: Breaking News

Agency super-merger as regional independent firms link-up

Two of the highest profile independent estate agencies in the north of England have merged following a spectacular acquisition. Linley & Simpson...

17 July 2019

From: Breaking News

Update Rightmove listings more promptly, watchdog tells corporate

Connells Group-owned Sequence UK has been told by the Advertising Standards Authority to update Rightmove listings more promptly after properties are...

17 July 2019

From: Breaking News

Price falls ahead for overheated London and south east - warning

Online estate agency Yopa is warning of price falls ahead in London and south east England - although price rises elsewhere...

17 July 2019

From: Breaking News

Charge! New homes set to have compulsory car-charging points

All new-build homes could soon be fitted with an electric car charging point. The government has issued a consultation on the move,...

17 July 2019

From: Breaking News

Boris Johnson considers asking SELLERS to pay stamp duty

Conservative Party leadership contender Boris Johnson has expressed an interest in switching the stamp duty burden from buyers to sellers. Until now Johnson’s comments on...

16 July 2019

From: Breaking News

OnTheMarket AGM today expected to hear latest conversion figures

Shareholders at today’s annual general meeting of OnTheMarket will hear the latest conversion figures showing how many agents on free or...

16 July 2019

From: Breaking News

Sellers taking homes off the market still lose £1,200 on average

A new survey claims that 28 per cent of those who have put their home up for sale in past five...

16 July 2019

From: Breaking News

Market monitor shows signs for optimism in some parts of UK

Home, the property platform that often produces downbeat market forecasts, now says there are signs of improvement in London at least.  It...

16 July 2019

From: Breaking News

Franchisee snaps up independent agency in popular seaside town

Winkworth has a new office in its network, in the fashionable Suffolk town of Southwold. Independent agency Halford Wetmore has been acquired...

16 July 2019

From: Breaking News

Radical reform for agency industry to be signed off by minister today

Some of the most radical reforms ever proposed for estate and letting agents are expected to be signed off today by...

15 July 2019

From: Breaking News

Boris Johnson stamp duty plans disastrous for one part of the country

A leading agent has suggested that some parts of the UK would face “a property exodus” if Boris Johnson’s proposals for...

15 July 2019

From: Breaking News

Brexit blues mean it's becoming a buyer's market, warns Rightmove

The price of property coming to market fell by 0.2 per cent or an average of £656 in the past month...

15 July 2019

From: Breaking News

Property Jobs Today - all the latest industry moves and news

Hello and welcome to this latest edition of PJT, your Monday catch-up on all the key appointments news in the industry. Please...

15 July 2019

From: Breaking News

Nationwide building society goes into house-building

The Nationwide building society is to go into house building. It has received planning permission to build 239 new homes for sale...

15 July 2019

From: Breaking News

Shock as Land Registry admits big delay in search digitisation

The city of Norwich has become the sixth part of the UK to switch from council Local Land Charges to digital...

12 July 2019

From: Breaking News

Purplebricks and Foxtons could be big winners if BoJo becomes PM

Now could be the time to buy shares in Purplebricks and Foxtons if one stock market pundit turns out to be...

12 July 2019

From: Breaking News

Free-to-list portal claims 800 new enquiries for agents in four weeks

A new global free-to-list property portal says it has secured 800 new property enquiries for estate agents in the last four...

12 July 2019

From: Breaking News

PropTech v Traditional: Auction houses fight for market share

Auction companies have issued statements boasting of their own performance as old school companies and new entrants vie for market share. Firstly...

12 July 2019

From: Breaking News

Agents Do Charity - on our greatest summer weekend of sport…

Once a year you might be perfectly justified in putting your feet up for a weekend and enjoying some great sport...

12 July 2019

From: Breaking News

Clampdown on agents - Ombudsman to refer more to Trading Standards

The Property Ombudsman will in future refer more estate agents to the National Trading Standards Estate and Letting Agent Team if...

11 July 2019

From: Breaking News

New industry regulator and qualifications ‘in place within two years’

A new industry regulator is likely to be in place within two years according to the chair of the government’s Regulation...

11 July 2019

From: Breaking News

Countrywide sets next key progress date following minor share recovery

The next key date to measure the progress of Countrywide’s controversial Back To Basics programme is at the end of this...

11 July 2019

From: Breaking News

Housing market - steady as she goes, suggests RICS

A more stable trend is now emerging in the UK housing market, according to the latest results for the RICS UK...

11 July 2019

From: Breaking News

Praise for estate agency diversifying into equity release

Specialist providers catering for the over-50s has welcomed a move by high-end estate agency Knight Frank to move into equity release. Commenting...

11 July 2019

From: Breaking News

Countrywide brands join forces to create ‘airspace’ division

Two Countrywide brands have joined forces to launch Airspace Exchange – a service to push the idea of constructing homes and...

10 July 2019

From: Breaking News

New off-market website wants agents to promote properties for 14 days

A new website devoted solely to prime off-market properties is looking for agents who will use it to find buyers seeking...

10 July 2019

From: Breaking News

PropTech Today: How will estate agents win and lose talent?

The PropTech era is changing the way in which employees decide where they are going to work. As CBRE has discovered in...

10 July 2019

From: Breaking News

He’s Hired! Apprentice estate agent star sets up property consultancy

Jamie Lester, the London estate agent who starred in The Apprentice almost a decade ago, has set up a property industry...

10 July 2019

From: Breaking News

Agency removes claim about Zoopla after complaint to watchdog

An estate agency has removed a claim that it uploads its properties to Zoopla and PrimeLocation after a complaint to the...

10 July 2019

From: Breaking News

Boris Johnson's stamp duty plans could revive prime property market

Conservative leadership frontrunner Boris Johnson's plans to reverse stamp duty changes could help to kickstart the prime property market, according to...

09 July 2019

From: Breaking News

Anti-money laundering: agents must carry out independent audits

Estate agents have been urged to ensure they are carrying out an annual independent audit of their anti-money laundering (AML) processes. ID...

09 July 2019

From: Breaking News

Vendors urged to sell now as prospect of no deal Brexit looms

Property sellers have been urged to list their properties now in the hope of selling their properties for maximum value within...

09 July 2019

From: Breaking News

Global franchise giant opens 49th high street branch

Century 21, the global estate agency franchise, has opened its latest high street branch in Cheltenham.  The franchise, Century 21’s 49th in...

09 July 2019

From: Breaking News

Ex-Purplebricks boss defends 'nightmare' stories of LPEs earning 'peanuts'

The former chief executive of Purplebricks has defended claims that some Local Property Experts are underpaid, saying that success comes through...

08 July 2019

From: Breaking News

Rightmove trials digital offers for commercial buyers – is this the future?

Property portal Rightmove has confirmed that it is trialling an option which allows buyers of commercial properties to submit offers online...

08 July 2019

From: Breaking News

104 viewings in one day and 22 offers - is this a record in a 'slow' market?

Stories of a slow property market due to an ongoing lack of supply and Brexit woes have been well-documented in recent...

08 July 2019

From: Breaking News

Property Jobs Today - your weekly update of key industry moves

Welcome to the latest edition of Property Jobs Today. It's the time of the week when you can catch up with...

08 July 2019

From: Breaking News

Police investigate estate agency over fraud and theft allegations

The police have opened an investigation after a number of complaints have been made about the financial affairs of a sales...

05 July 2019

From: Breaking News

70 former customers have relisted with Emoov since relaunch

The new owners of Emoov have confirmed that 70 previous customers have opted to re-list their homes with the firm since it...

05 July 2019

From: Breaking News

Competitive bidding and sealed bids make ‘surprise return’ to Prime London

The practices of competitive bidding and sealed bids have made a 'surprise return' to the Prime Central London (PCL) property market,...

05 July 2019

From: Breaking News

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