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Most owners in England now own outright

Thursday, 26 February 2015 Written by

The latest English Housing Survey, just released by the government, gives a startling insight into the housing market - including the revelation that for the first time the majority of owner occupiers own their homes outright, without a mortgage.



Reads 1766

Russians head London's property winners

Thursday, 26 February 2015 Written by

Data from Hometrack shows that Russians have been the big winners in the league table of foreign buyers who have snapped up homes in prime central London in recent years.



Reads 1457

There was a 16 per cent drop in the value of mortgage loans for buying in London in the fourth quarter of 2014, compared to the previous three months.



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Connells has announced pre-tax profits of £63.2m compared to £50.2m last year, allowing it to claim it is “the most profitable UK estate agency group.”



Reads 1241

Zoopla throws fines and damages scare at OTM

Wednesday, 25 February 2015 Written by

Zoopla says it has legal advice stating that the OnTheMarket portal and its member agents could face fines and claims for damages should some of its activities be declared to be infringing competition law by the Competition and Markets Authority.



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Keller Williams, the US-owned agency which next month formally opens its ‘soft launched’ office in London’s Victoria as well as one in Leeds, has recruited a senior London agent to head its UK sales and letting team.



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New warning over 'unstable' house prices

Wednesday, 25 February 2015 Written by

There is a new warning that Help To Buy may inadvertently lead to a price bubble which in turn could destabilise the economy.



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The National Association of Estate Agents says more regulation for agents and more appropriate taxation across the property industry are two key demands in its ‘2015 manifesto’ ahead of the May general election. 



Reads 1441

New TPO codes for Scottish agents

Wednesday, 25 February 2015 Written by

The Property Ombudsman has launched a new version of its Codes of Practice for estate agents operating in Scotland. 



Reads 1325

Portal Wars: next key date is Friday

Tuesday, 24 February 2015 Written by

The ongoing war between Rightmove, Zoopla and challenger portal OnTheMarket is likely to see its next battle on Friday.



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