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Propertymark: The market is moving but below asking price

Agents are continuing to secure instructions and sales but transactions are mainly being done below asking price, data suggests. Agency trade body...

21 March 2023

From: Breaking News

OnTheMarket warns mortgage repricing will hit homebuyer and seller confidence

Homebuyers should prepare for short-term volatility as mortgage rates are currently being repriced, OnTheMarket chief executive Jason Tebb has warned. Tebb warned...

21 March 2023

From: Breaking News

Guild boss identifies housing market ‘green shoots’

Lower mortgage rates than the end of last year and slowing inflation should sustain the housing market as it enters the...

21 March 2023

From: Breaking News

Younger UK buyers lured by cheaper continental house prices - claim

Increasing numbers of young buyers are looking abroad to boost their chances of getting on the property ladder. New data from international...

21 March 2023

From: Breaking News

Agent explains why he is thankful for Purplebricks

A regional estate agent has outlined how the rise and fall of Purplebricks has actually been a good thing for high...

21 March 2023

From: Breaking News

New-builds overtake period homes in London's most famous postcode

Mayfair, London’s most famous address, is in a state of radical metamorphosis, a local agency brand claims. A new report from Mayfair...

21 March 2023

From: Breaking News

Rightmove: Top-end sellers may need to alter price expectations

Some sellers remain optimistic about their price expectations as sales at the top end of the market begin to lag, Rightmove...

20 March 2023

From: Breaking News

Knight Frank: Better economic climate won’t stop house price declines

House prices will still come under pressure despite a better-than-expected economic outlook, Knight Frank claims. New analysis from the property brand claims...

20 March 2023

From: Breaking News

New leasehold information form aims to simplify the selling process

The Home Buying and Selling Group (HBSG) has announced a new update to the Leasehold Property Enquiries (LPE1) form, which it...

20 March 2023

From: Breaking News

Fine & Country increases London presence

Premium estate agency Fine & Country has added a further office to the brand’s already strong London network.  Director Gareth Mozley of...

20 March 2023

From: Breaking News

Property professionals prepare for National Conveyancing Week

National Conveyancing Week has kicked off from today. The awareness-raising week features a series of in-person, online and pre-recorded events aimed at...

20 March 2023

From: Breaking News

New Homes Quality Board names accredited supplier for property contracts

Proptech firm Finch has been named as the latest supplier accredited by the New Homes Quality Board (NHQB). It joins other brands...

20 March 2023

From: Breaking News

Over-50s could make the best estate agents - claim

  The over-50s could make the best estate agents, an industry training platform has claimed. It comes as the Treasury unveiled plans for...

17 March 2023

From: Breaking News

Competitive mortgage market ‘may dampen downsizing boom’

A more competitive mortgage market may actually dampen hopes of a downsizing boom, an agent has predicted. Many property professionals last year...

17 March 2023

From: Breaking News

Agents Do Charity - egg hunting

Check out some of the latest charitable endeavours from agency and property brands this week. If you have a charitable event or...

17 March 2023

From: Breaking News

Savills expecting ‘challenging’ first half for 2023

Higher utility and staffing costs pushed profits down in Savills’ UK residential business last year. The property and agency brand revealed in...

17 March 2023

From: Breaking News

Fine & Country honours 'outstanding agents'

Hundreds of property professionals from international premium estate agency Fine & Country gathered in London for the brand’s annual conference and...

17 March 2023

From: Breaking News

Former Knight Frank executive reports strong start for buying agency

Newly established prime London property consultancy Tyburn, has reported the completion of multiple deals worth in excess of £60m in its...

17 March 2023

From: Breaking News

Budget 2023: Childcare reform could provide mortgage boost

Chancellor Jeremy Hunt’s first Budget yesterday failed to include any specific measures to boost the housing market but a mortgage broker...

16 March 2023

From: Breaking News

Purplebricks shares boosted by takeover rumour

News of a potential takeover gave Purplebricks’ share price a boost yesterday. Its share price rose 15.5% in a day after Estate...

16 March 2023

From: Breaking News

Almost half of withdrawn properties set to relist in next two years – claim

Almost half of sellers who took their homes off the market in 2022 will relist them in the next two years,...

16 March 2023

From: Breaking News

South East remains busiest housing market as ‘green shoots’ emerge - claim

The South East of England continues to lead the way as TwentyCi revealed its latest statistics on property market activity. The property...

16 March 2023

From: Breaking News

New agency software aims to automate vendor and viewer feedback

New software has been launched to help estate agents collect feedback on viewings. Feedback Enterprise, from the Cumbrian communications specialists SMS Speedway,...

16 March 2023

From: Breaking News

Conveyancing technology firm wins grant to develop AI tools

Collaborative Conveyancing has won an Innovate UK grant in partnership with the Hartree Centre research facility and completed a fundraising round...

16 March 2023

From: Breaking News

Budget 2023: OBR revises house price forecasts

The Office for Budget Responsibility (OBR) has increased its expectations of a house price decline. The OBR, which keeps an eye on...

15 March 2023

From: Breaking News

Purplebricks confirms interest from Strike

Purplebricks has confirmed that it has been in discussions with online agency rival Strike regarding a potential takeover offer. As reported by...

15 March 2023

From: Breaking News

Strike ‘interested’ in Purplebricks takeover

Online agency brand Strike is believed to be considering a bid for beleaguered rival Purplebricks. A source close to the talks has...

15 March 2023

From: Breaking News

Budget 2023: Property groups call for Stamp Duty overhaul

A property group is the latest to call for a Stamp Duty overhaul in today's Budget. The National Association of Property Buyers’ (NAPB)...

15 March 2023

From: Breaking News

Mortgage lending drop could force sellers to drop prices - claim

Sellers resistant to cutting asking prices may soon be left with little choice if the mortgage market remains depressed, a broker...

15 March 2023

From: Breaking News

Savills: Bank of Mum and Dad set for busier 2023

It was a busy 2022 for the so-called Bank of Mum and Dad and 2023 could be more manic for parents,...

15 March 2023

From: Breaking News

Number of homes under offer rises despite market uncertainty

The number of properties listed as sold subject to contract (SSTC) has increased by 5% so far this year versus the...

15 March 2023

From: Breaking News

Homebuyers £500 better off each year than renters - claim

Homeowners are now almost £500 better off annually than renters, new research suggests. Analysis by Halifax shows the monthly cost of owning...

15 March 2023

From: Breaking News

Housing market is stirring from its slumber - claim

The property market looks to have avoided ‘heading over a cliff,’ Knight Frank suggests. Analysis by the agency brand suggests the further it...

14 March 2023

From: Breaking News

LonRes: Asking price discounts are widening

The average discount to asking price on a sold property has almost doubled since last July as sellers are becoming ‘more...

14 March 2023

From: Breaking News

Agents rank property portals and people as their most important assets

Agents may hate portal fees but have ranked property websites such as Rightmove and Zoopla as their most important digital asset. A...

14 March 2023

From: Breaking News

Pattinson Auction goes international

Pattinson Auction has gone international by opening up in Spain. After growing its UK portfolio to almost 3,000 partner agents, it will...

14 March 2023

From: Breaking News

First-time buyers still hoping to meet Help to Buy deadline

First-time buyers are persisting with Help to Buy purchases as cut-off-point approaches for the housing support scheme. To be eligible for an...

14 March 2023

From: Breaking News

National Conveyancing Week hopes to ‘shine light on home-moving issues’

Agents are being encouraged to get involved in National Conveyancing Week. The awareness week will start on 20 March and features a...

14 March 2023

From: Breaking News

Downsizing incentives and first-time buyer support top Budget wishlist

From first-time buyer support to Stamp Duty changes or just doing nothing at all, there is plenty that agents and property...

13 March 2023

From: Breaking News

Survey highlights lack of consumer awareness about Propertymark

Propertymark needs to do more to promote the value of its agents and to ensure people know it exists, property commentator...

13 March 2023

From: Breaking News

Tory MP seeks protection for paper-based conveyancing

The property industry may be going to great effort to digitise and improve the process of buying and selling a home...

13 March 2023

From: Breaking News

Landlords using cash ‘to avoid failing stress tests’ on buy-to-let purchases

Higher mortgage rates have meant that new buy-to-let purchases are increasingly being funded by cash rather than a mortgage, new research...

13 March 2023

From: Breaking News

New AI tool aims to create better and faster property listings

Proptech firm ValPal has entered the artificial intelligence (AI) sphere with a new tool to help agents write better quality and...

13 March 2023

From: Breaking News

Agent explains why TikTok beats Rightmove views

A Keller Williams (KW) agent has hailed the success of TikTok as a marketing tool just 18 months into her role. Tanya...

13 March 2023

From: Breaking News

FCA ‘less bleak’ about struggling mortgage borrowers

The financial regulator has revised its own data on how many mortgage borrowers may face repayment difficulties as it calls on...

10 March 2023

From: Breaking News

'We won't see a crash': Quirk addresses house prices in new TV show

Online agency boss-turned-media-pundit Russell Quirk has been given his own money-focused TalkTV programme, with the first focusing on the hot topic...

10 March 2023

From: Breaking News

Agents Do Charity - making waves

Check out some of the latest charitable endeavours from agency and property brands this week. If you have a charitable event or...

10 March 2023

From: Breaking News

Knight Frank wins award for customer service

The UK residential division of property consultancy Knight Frank has been awarded for its customer services. The agency brand won the ‘Best...

10 March 2023

From: Breaking News

Time for the hard sell on Buy To Let

You don’t need me to tell you that buy to let has had a torrid time of it lately. For agents trying...

10 March 2023

From: Breaking News

Zoopla arranges market update for agents

Zoopla is set to host a 2023 market update later this month for agents. Hosted by Zoopla’s executive director of Research, Richard...

10 March 2023

From: Breaking News

RICS highlights ‘tentative signs’ of recovery in buyer demand

A more stable picture of the housing market may be emerging, the Royal Institution of Chartered Surveyors (RICS) has suggested. It comes...

09 March 2023

From: Breaking News

Search Acumen integrates ChatGPT to reduce conveyancing workload

Search Acumen has begun beta-testing of ChatGPT within its data platform for conveyancers, which it hopes will reduce working times and...

09 March 2023

From: Breaking News

Home-movers will still spend despite cost of living crunch, claim

Home-movers have been identified as one of the most attractive consumer groups during the cost-of-living crisis, contributing an estimated £29 billion...

09 March 2023

From: Breaking News

PropTech Today - Simpler, faster, cheaper – three characteristics of a tech solution

As is generally the case, we didn’t start out with solutions, we started with questions…. two, actually. The first was, ‘Why does...

09 March 2023

From: Breaking News

Spectre unveils new software to chase lost agency fees

Agents are being offered a new tool to help them reclaim fees they are owed following a vendor’s withdrawal from the...

09 March 2023

From: Breaking News

Gallagher secures insurance partnership with Knight Frank Finance

Gallagher has agreed a partnership to offer its products to customers of Knight Frank Finance. The partnership will see Gallagher offering insurance...

09 March 2023

From: Breaking News

Halifax: ‘House prices are up despite downward trend’ 

The latest Halifax House Price Index is set to add fuel to the fire of the ongoing market crash debate. The lender’s...

08 March 2023

From: Breaking News

Hamptons: Homes are taking longer to sell but prices are improving

Last month marked the slowest February to sell a home since 2013 but prices are improving, new analysis claims. Insight from agency...

08 March 2023

From: Breaking News

Simplify brands receive new homes accreditation

Move with Us and Moving Made Easy have been awarded the New Homes Quality Board (NHQB) accreditation for their part-exchange and...

08 March 2023

From: Breaking News

International Women’s Day: Female agents highlight importance of girl power

Female estate agents have shared the highs and lows of working in the property industry to mark International Women’s Day (IWD). The...

08 March 2023

From: Breaking News

Homebuyers are becoming more flexible on property features - claim 

More than half of homebuyers have become more willing to compromise in the search for their next home, new research reveals. Analysis...

08 March 2023

From: Breaking News

The Guild celebrates hitting reviews milestone

The Guild of Property Professionals has achieved the milestone of more than 11,000 ESTAS reviews. The network has revealed it has reached...

08 March 2023

From: Breaking News

Purplebricks backer removes board representative

A representative of major Purplebricks shareholder Axel Springer has stood down from the online agent’s board. It comes as the beleaguered brand...

07 March 2023

From: Breaking News

Foxtons: We need to rediscover our DNA

Foxtons has lost its DNA, its chief executive has warned. It comes as the company published its first annual results under new...

07 March 2023

From: Breaking News

Agency listings rise but where are firms most busy?

Estate agents have been bringing more listings to the market since the start of the year but professionals in the north...

07 March 2023

From: Breaking News

International buyers returning to prime markets but remain below pre-Covid levels

International buyers appear to slowly be returning to the prime central London (PCL) market, according to Hamptons data. Figures released by the...

07 March 2023

From: Breaking News

Homeowners delaying next move due to cost of living crisis - claim

More than a tenth of homeowners expect to delay buying or selling a home this year due to the cost of...

07 March 2023

From: Breaking News

Women in Estate Agency celebrates record first conference

Safety, support, health, wealth and happiness were the key firms of the inaugural Women in Estate Agency group conference last week. The...

07 March 2023

From: Breaking News

Reapit unveils latest acquisition 

Reapit has acquired agency software provider Inspect Real Estate (IRE). The service, already used by more than 3,000 real estate customers to...

07 March 2023

From: Breaking News

HMRC deadline looms for companies to revalue UK residential properties

Companies that own UK residential properties have under a month to revalue and tell HMRC if any are worth more than...

07 March 2023

From: Breaking News

Estate agents 'entering rocky period' for insolvencies

Estate agents are entering a ‘rocky period,’ an accountancy firm has warned, as research shows insolvencies in the sector are on...

06 March 2023

From: Breaking News

Rightmove market position boosted by ‘estate agent reliance’

Agents may have been slightly put out by Rightmove reporting a boom in user fees despite a drop in members, but...

06 March 2023

From: Breaking News

Reader poll: Is the dress code dead?

Around a third of agents still have some sort of dress code at work while almost half are kust expected to...

06 March 2023

From: Breaking News

Propertymark starts search for next leadership team

Propertymark has made its annual call for new property professionals to join its leadership team and ambassadorial positions. The agency trade body...

06 March 2023

From: Breaking News

Hunters’ duo acquires trio of franchise businesses

Hunters has welcomed two new franchise partners who have acquired the Hunters Scarborough, Bridlington and Filey businesses. Sam Lakin and Pete Croft have...

06 March 2023

From: Breaking News

Yorkshire agents announce merger to become leading brand

Two well-known East Yorkshire estate agents have joined forces to merge their businesses with a new name and branding. Stanifords and Grays...

06 March 2023

From: Breaking News

Rightmove agency fee income rises but member numbers dip

Rightmove has reported its second highest year for average revenue per advertiser (ARPA) despite agency branch membership dipping slightly. The portal revealed...

03 March 2023

From: Breaking News

Agents being trained for 'normal sales market'

Agents are being trained in how to operate in a ‘normal’ sales market, a senior industry executive has revealed. Gareth Samples, chief...

03 March 2023

From: Breaking News

Legal body: Land Registry ‘must get house in order’ after strikes

Conveyancers are warning that this week’s Land Registry strikes could have a knock-on effect on property sales once staff return to...

03 March 2023

From: Breaking News

Agents Do Charity - showing support for good causes

Check out some of the latest charitable endeavours from agency and property brands this week. If you have a charitable event or...

03 March 2023

From: Breaking News

Former Knight Frank-brand plans major expansion

Newly-independent estate agency North Residential has unveiled new expansion plans with the opening of at least three new UK locations per year and...

03 March 2023

From: Breaking News

Upmarket agency branches out to Dubai

Premium property agency Prestige & Village is expanding beyond its home base in the South East of England. It has launched the...

03 March 2023

From: Breaking News

Conveyancing firm seeks agents to trial ‘sell-ready’ packs

AVRillo is seeking agents to help test a new product that aims to provide upfront material information to buyers at the...

03 March 2023

From: Breaking News

Could ChatGPT replace conveyancers and improve home-moving advice?

A conveyancing firm has put the popular artificial intelligence tool ChatGPT to the test to see if it can rival legal...

02 March 2023

From: Breaking News

Annual house price growth turns negative - Nationwide

Annual house price growth has fallen for the first time since June 2020 and is now at its weakest level since...

02 March 2023

From: Breaking News

Agents need to sell listings in nine to 14 days for optimum price - claim

Properties need to be listed for at least nine to 14 days to achieve their optimum selling price, new research claims. The...

02 March 2023

From: Breaking News

Winkworth aims to unlock new homes opportunities in London and beyond

Winkworth is expanding its operations to focus on land and new homes opportunities across London. Dominic Agace, chief executive of Winkworth, said...

02 March 2023

From: Breaking News

Connells Group 'remains optimistic' despite drop in profits and sales

The Connells Group has said it remains optimistic about the year ahead after reporting falling profits and a decline in exchanges...

02 March 2023

From: Breaking News

Zoopla’s software becomes accredited supplier of New Homes Quality Board

Zoopla has become the latest accredited supplier of the New Homes Quality Board (NHQB) for its software that supports housebuilders. It come...

02 March 2023

From: Breaking News

Purplebricks has received 'credible expressions of takeover interest'

Purplebricks has received “several credible expressions of interest” since putting itself up for sale last month, the online agent has revealed. The...

01 March 2023

From: Breaking News

Agents wanted! Research reveals where new talent is most needed

The South East of England is currently most in need of an estate agency personnel boost, new research claims. The analysis, by...

01 March 2023

From: Breaking News

Broker warns mortgage rates may have bottomed-out already

Mortgage lenders may have been grabbing the headlines in recent weeks with rates below 4% but a broker has warned this...

01 March 2023

From: Breaking News

Competition watchdog turns attention to housing market

The competition watchdog is set to shine a spotlight on property, with investigations into the housebuilding market and a separate project...

01 March 2023

From: Breaking News

Rightmove to launch property estimate tool for ‘non-active vendors’

Rightmove is set to launch a new property estimate tool for homeowners who are not actively looking to sell right now. The...

01 March 2023

From: Breaking News

Agents benefit as auction sales rise

Agents working with iamproperty sold more than 7,000 properties through its auction service last year, the proptech firm has revealed, as it...

01 March 2023

From: Breaking News

Propertymark backs leaseholder building safety protections

Agency trade body Propertymark has backed calls for greater leaseholder protections as the Levelling Up and Regeneration Bill proceeds through Parliament. The...

01 March 2023

From: Breaking News

Estate Agents, get ready to be inspired!

In this latest article from the team at Iceberg Digital, they preview Estate Agency X 8, 2023 Estate Agency X is back and better...

01 March 2023

From: Breaking News

Zoopla: Asking price cuts hit five-year high 

Sellers are cutting asking prices by an average 4.5% discount to achieve a sale, Zoopla claims. The figure is the highest for...

28 February 2023

From: Breaking News

Mortgage-free buyers boost prime London markets – Knight Frank

Prime London demand and supply is on the rise but mainly for those without the need for a mortgage, new data...

28 February 2023

From: Breaking News

Douglas & Gordon administration is confirmed

Estate agency brand Douglas & Gordon was confirmed to have entered administration yesterday. There were rumours over the weekend that the well-known...

28 February 2023

From: Breaking News

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