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Here is today’s Breaking News from the estate agency world. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Complete Overhaul of EPCs demanded by key consumer body

An influential consumer body is demanding a complete overhaul of Energy Performance Certificates. Which? says that with millions of households across the UK concerned about how to...

Interest Rate Cut - Experts downplay chances for next week

Prominent housing and mortgage experts are downplaying the chance of an interest rate cut following the Bank of England monetary policy committee meeting next week. Sarah Coles,...

PropTech partnership promises lead generation for agents

The ValPal Network has partnered with agency software provider Street.co .uk. This will facilitate the integration of Street’s CRM with TVPN’s lead generation and nurturing system, MovePal. The...

Battle of the Self-Employed Brokers - more recruits

Yesterday we covered the story of self-employed estate agency brokerage eXp revealing three new agencies to have taken on the corporate version of its business model...

PropTech Today - Three Ways To Win In A High Reduction Market

Choosing the right prospecting software can be the difference between finishing the year on a high or finishing it below target. Although we’re just four months into 2024,...

Jonathan Rolande - More To Be Done To Address Housing Imbalance

A recent announcement by housing giants Persimmon has been heralded as a welcome boost to the property sector. In a trading update they indicated they were on track...

Mortgage Misery as yet more lenders hike rates

Just as the Nationwide showed the impact of rising mortgage costs on house prices, so another raft of lenders have made the situation worse by increasing...

Self employed brand reveals more agencies signing up

Self-employed agency brand eXp UK has named a second wave of estate agencies to adopt its new business model. The brand’s ‘brokerage’ model is for traditional high...

MPs demand scrapping of ground rents on leasehold properties

Sky News is reporting that up to 30 Conservative MPs are threatening to rebel against the government’s approach to ground rents on leasehold properties. In a letter...

Ban Gazumping - strong public support for new law

A survey of homebuyers has found overwhelming support for a legal ban on gazumping. A mortgage lender - MFS - spoke with over 1,100 homeowners in England...

Free Property Report tool rolled out to Alto users

Alto is rolling out free Property Valuation Reports for agents.  The tool can be accessed directly from individual property record pages, and includes sales history; price analysis;...

Only Realistic Sellers succeed in today’s market - leading agent

Only realistic sellers willing to negotiate prices are successful in the current market, says one of the country’s leading estate agents. The comment came following the surprise...

Surge in agents’ Suspicious Activity Reports filed to National Crime Agency

There’s been a significant rise in the number of so-called Suspicious Activity Reports concerning money laundering and the agency industry. Suspicious Activity Reports (SARs) alert law enforcement...

New mortgages target buyers with defaults and County Court Judgements

A specialist lender is reintroducing a suite of mortgage products aimed at what it call “overlooked customers”. It turns out these are buyers who have credit histories...

Portal claims 40 new agency sign-ups since start of 2024

A locally-owned property portal called Propertynews says it’s signed up over 40 more agents to list properties since New Year. More than 400 agents in total now...

Eco Retro-fitting Homes - call for consumer protections

A coalition of organisations representing consumers, financial institutions and energy suppliers has written to the Department for Energy Security and Net Zero urging a complete review...

New CEO replaces Jerry Lyons at Content Club

Industry partner the Estate Agent Content Club (EACC) has announced a new chief executive, replacing high profile founder Jerry Lyons. Amanda Bower has taken over as CEO...

Trio of new staff after agency makes 10th acquisiton

North East estate agency group My Property Box has welcomed Nicola Nicholson, Georgia Greenstreet and Georgia Richardson to its team following a raft of recent acquisitions. Nicola...

Purplebricks launches Mortgage division

Purplebricks has launched launched a mortgage divison, known formally as Purplebricks Mortgages Limited This will see a team of more than 150 people operating under the Purplebricks...

Stamp Duty Revolution - call for sellers to pay instead of buyers

A prominent estate agent has started an online petition to reverse stamp duty so it is paid by the vendor, not the purchaser. Simon Gerrard of Martyn...

Stamp Duty causes Sales Slump for investors in southern England

The proportion of buy to let properties purchased in Southern England fell to a record low last year, continuing a trend seen since the Stamp Duty...

Cash for agents after record numbers of properties sold at auction

The Iamproperty service says it’s seen £450m of sales in the first three months of 2024 - a record quarterly figure. Between January and March, iamproperty sold...

London’s next Mayor should build more affordable homes and back landlords

Propertymark, the leading membership body for property agents has written to London Mayor candidates highlighting proposals to tackle the unique housing challenges that the capital experiences.  Londoners...

Asking price cuts fail to win sales for two-third of homes - claim

Some 36% of all homes which have had asking prices cut this year are now listed as sold subject to contract.  GetAgent analysed current market stock levels...

ESTAS announce new PropTech headline partners for 2024

The ESTAS, the customer review and awards platform, has unveiled new headline partners for 2024. Reapit and PayProp will become the Headline Partners of ESTAS with immediate...

Startling figures show mortgage costs holding back house prices

Higher mortgage rates are a drag on house price growth says Zoopla - and it’s produced startling figures to prove it. The average home buyer using a...

Sales volumes boom despite interest rates soaring - new Zoopla figures

UK house prices may be broadly static but sales volumes are up 12% year on year according to Zoopla data out this morning. House price inflation is...

Upcoming Stamp Duty Change may spur sales in short term

An expert says a change in Stamp Duty Land Tax, coming into effect on June 1, will alter how investors and landlords purchase properties.   From June...

Big Demand for Small Properties as budgets tighten

Big demand for small properties has helped to drive growth in UK property prices in the early months of this year, according to new research by...

Expansion and key hires announced by high end agency

Knight Frank says it’s opened six new offices over the past two years, and hired 14 new partners, as part of an expansion plan targeting rural...

Housing costs still a major concern for majority of UK adults

The cost of housing continues to be a major concern to the majority of adults in the UK, according to the latest social trends survey by...

Mortgage lender wants stamp duty rebate and cash help for owners

Stamp duty rebates and cash to improve energy efficiency are being demanded by one of the country’s biggest mortgage lenders in a bid to help the...

Tributes paid after popular agent, 41, passes away

Touching tributes have been paid to long-standing estate agency franchisee Camran Ishaq, who has passed away at the age of 41. Ishaq had run the Dewsbury branch...

High profile agency hangs its hat on Guild of Property Professionals

The fast-growing high profile Hat and Home agency has joined the Guild of Property Professionals. Founded in December 2020, Hat and Home has rapidly established itself as...

Prop X - landmark event announced by Propertymark Trust

The Propertymark Trust has launched Prop X, its first-ever fundraising event, scheduled for Birmingham in September.  A statement from the trade body says Prop X “will offer...

Huge survey to assess housing problems in ‘crunch county’

Thousands of people will be invited to take part in new research to help provide information on why one particularly badly hit county is facing unprecedented...

Stock supply soars - Zoopla and Rightmove data under the spotlight

An analysis of Rightmove data shows that sale stock levels were up 9.2% across England during the first quarter of 2024, compared with the same period...

New high end agency puts emphasis on lifestyle presentation

A new agency has launched, describing itself as being “dedicated to creating extraordinary marketing for extraordinary homes across Hampshire, Surrey and Berkshire.” In an online launch statement...

Mortgage rates hit six month high after recent bank hikes

An analysis by Rightmove reveals that the average interest rate for a two year fixed mortgage at 95% loan to value mortgage is now above 6%. It’s...

PropTech product claims to convert past contacts into future instructions

Homesearch is launching a new product designed to help agents convert past contacts into future instructions.  The PropTech company says its Re:Contact tool helps agents engage with...

Three interest rate cuts and house prices to rise - Lloyds Bank

Lloyds Bank has issued figures showing a 28% profits plunge for the first quarter of the year - but it nonetheless has good news for the...

Sales Boost at last for Prime Central London - agency data

The JLL Prime Central London Index saw signs of improvement in the first quarter of this year, with 4.5% more properties being sold compared to Q1...

House prices fall for 15 months in Wales - now transactions down too

The average price of a home in Wales fell to £229,263 in the first quarter of 2024, making this the fifth consecutive quarter that prices have...

Coup for Self-Employed Agency Brand as high flying agent joins

An agent with 15 years experience at high end agencies Hamptons and Knight Frank has joined a self-employed brokerage brand. Sally Jane Hobson, who previously worked at...

Radical reform of Right To Buy demanded by industry group

A property industry group has called for a reduction in the discounts available for council tenants buying their own home, after finding that homes in weaker...

Call for improved training for Energy Performance Certificate assessors

A property consultancy is calling for improved accreditation for Energy Performance Certificate assessors. Re:solve Real Estate - which specialises in commercial property - claims it consistently sees...

Training service expands activities with two agent certificates

The Able Agent - the online property training service which recently launched in Scotland - has now expanded to Wales as well. Welsh agents are now able...

Housing Market Update - slowest and fastest sales so far in 2024

Detached homes in Wales are the slowest property types to sell across the UK and take an average of 92 days - 18% more than the...

They’re Open! Are you entering the industry’s Fundraising Awards?

Agents Giving says its Fundraising Champions of the Year Awards 2024 are now open for entries. You can enter the awards yourself or nominate someone you know...

Vast majority of agents are proud of their profession - survey

Some 83% of estate agents are proud of their profession, says a new survey. The poll of 1,728 estate agents, commissioned by GetAgent, found that 69% of...

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