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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

Agency groups announce major mortgage acquisitions

The Belvoir Group has announced the acquisition of mortgage broker TIME. The agency franchise and financial services brand has acquired the entire issued share capital of The TIME...

Agents back claims that pay is too low, but how does it compare globally?

Almost three quarters of property professionals agree that estate agent pay is too low. A poll conducted by Estate Agent Today found 73% of readers believe agency pay...

Boomin reveals first SmartVal conversion data

Agents using Boomin have managed to convert more than 20% of SmartVal valuation requests into instructions. The challenger portal and lead generation platform said there have been...

Sales instructions hit new highs

Agency listings appear to be on the rise with major brands seeing a spike in valuations and instructions. Data from national agent Jackson-Stops shows its branches saw a...

Home movers back replacing stamp duty with capital gains tax charge

A survey among home movers has revealed support for making first-time buyers fully exempt from stamp duty and replacing the stamp duty tax with a capital...

Fine & Country reveals the secrets of premium estate agency

Fine & Country has been revealing the secrets of running an premium estate agency. The agency brand is currently hosting a Masterclass Series that taps into the...

Spicerhaart staff share emotional stories as conference returns

Spicerhaart’s annual conference and awards ceremony returned earlier this month after a three-year hiatus caused by the pandemic. The company’s two day Elevate Summit, held at the...

Property management group acquires Century 21 UK master franchise

Century 21 UK, the British arm of the US-based franchising agency, has been sold. Nicholas Faulkner, the owner of leasehold property management business Alexander Faulkner Partnership, has...

Homes going under offer faster than ever but market will moderate - Rightmove

Average asking prices have hit new highs but there are signs of the market easing, Rightmove claims. The portal’s latest listings data shows the price of property...

Ex-estate agent: 'Low pay and high pressure made me quit the sector'

An anonymous ex-estate agent has revealed how poor pay and high pressure forced them to quit the profession. The mystery agent said he was a senior sales...

My First Property Sale: 'There was a race to get the deal done by Christmas'

Many agents will remember the nerves and jubilation of their first property sale. Estate Agent Today has launched a new video series where property professionals can reminisce...

First-time buyers need a 112% larger deposit compared with 10 years ago

It is no longer significantly cheaper to rent compared with making monthly mortgage payments, Rightmove claims, but raising a deposit remains the biggest issue. Analysis of first-time...

New product aims to help homebuyers prove their commitment to a purchase

Proptech firm Gazeal is working on buyer-focused product that can be used to show a seller they are serious about a purchase. The product, called Preferred Buyer...

Under the hammer! Auctioneer marks record start to the year for agent sales

Auction house iamproperty is marking a record start to the year with landmark sales and fees raised for partner agents. The brand said its auction service iamsold...

Agents advised against cutting fees to attract stock

Estate agents are being urged to reassess their fee structure and not be afraid to reflect the time and level of work they are undertaking to...

Agency network aims to be first in the sector to go carbon neutral

The Federation of Independent Agents (FIA) is aiming to become the first carbon neutral estate agency network. It has teamed up with Carbon Neutral Great Britain and...

ROPA returns to Parliament but there is still no timeline for reforms

The issue of agency qualifications has finally been mentioned in the Houses of Parliament, almost three years since the landmark Regulation of Property Agents (ROPA) report. Unfortunately,...

By Royal Appointment: How are you marking the Queen’s Platinum Jubilee?

Excitement is building for the Queen’s Platinum Jubilee celebrations. A four-day Bank Holiday to mark the occasion will kick off on 2 June, including parades, services and...

Agents Do Charity - walking, running and kicking for Ukraine

Agents have been getting active in recent weeks to raise money for Ukrainian refugees. Fundraising activities range from office-based collections and referencing challenges to full-on football tournaments. Remember, if...

Regional agent offers to sell homes for free to mark new office

The Acorn Group has opened its 40th branch in Sevenoaks under its Langford Russell brand. It isn’t opening quietly though and is offering to sell local properties...

Property data company hits back amid watchdog's merger concerns

Property data company Dye & Durham has promised to “work collaboratively” with the Competition and Markets Authority (CMA) after the watchdog indicated that it would call...

Sellers 'snubbing' upfront agency fees

Homeowners may have become less willing to pay upfront fees to sell their home. Despite efforts by online-only brands such as Purplebricks and Doorsteps to change how...

Start of the slowdown? Land Registry records first dip in price growth in 2022

Agents have heralded the beginning of the house price slowdown. The latest Land Registry House Price Index yesterday showed values increased by 9.8% annually in March 2022...

Google is the battleground for vendor instructions - claim

Google rather than the portals is the starting point for sellers finding an estate agent, a survey claims. A survey among 2,000 property sellers by agency website...

Back of the net! Scottish agency partners with Premiership football club

Scottish estate and lettings agent Stonehouse has sealed a new partnership deal with Aberdeen Football Club. Stonehouse, an Aberdeen-based sister brand to the Lomond Group-backed DJ Alexander...

Regional agency staff celebrate combined 75 years of service

Sussex-based estate agent Mishon Mackay is celebrating 25 years of sevice each for three of its staff members. Sarah Fitzgerald, Sarah McCarthy, and Angela Farthing celebrated 25...

Competition watchdog blocks property data merger

The Competition and Markets Authority (CMA) has warned that it may block the merger of two property search firms as it could lead to a worse...

Would fewer emails and more lunches boost agent and conveyancer relations?

Referral fees, lack of trust and too much email have been identified as barriers to greater collaboration between conveyancers and estate agents. Property data company tmgroup sought...

Industry charity aims to boost agent focus on wellbeing

Industry charity and mentoring group Agents Together is planning to help firms prioritise mental wellbeing. It has developed a checklist that agents can use to promote wellbeing...

PropTech Today - which are genuine, which are pure money-making machines?

With new and exciting PropTech solutions approaching the market, Nathan Emerson, CEO of Propertymark, discusses some of their relevance and whether they are being built to...

Former Zoopla sales director among new high profile GetAgent recruits

Property industry veteran Mal McCallion is among two new high-profile recruits for GetAgent. McCallion, who helped launch Primelocation in 2000 and was Zoopla’s original sales director between...

Buyers ‘willing to pay more’ for most energy efficient homes

Almost half of buyers would be willing to pay more for a property with a high energy efficiency rating, research suggests. It is the latest evidence of...

First-time buyers ‘don’t know enough about mortgages’

A lack of mortgage knowledge could be holding buyers back, research claims. A survey of more than 1,000 consumers by Nottingham Building Society found gaps in awareness...

HMRC shows its teeth with bumper AML fines for agents

More than 30 agents and property firms such as auction houses and valuers were reprimanded by HMRC for anti-money laundering breaches last year, official data shows. The...

Industry data suggests spring supply boost but fewer sales agreed

Supply is slowly increasing but there are signs that buyers are now biding their time. Analysis by property data company TwentyCi shows the number of new instructions...

Mortgage data suggests buyer demand is waning - claim

A property lender claims to have identified signs that the property market is slowing. Analysis of Bank of England mortgage approval data by Octane Capital suggests the...

Regional agent goes musical for its latest move

Independent Kent agent Miles & Barr took a musical approach to an office relocation last weekend. Miles & Barr, which has 12 sales and three lettings branches...

Hamptons boosts international offering with new acquisition 

Hamptons has created a new international department after its latest acquisition. The agent this week revealed it has acquired Venres, a specialist agency promoting residential developments and...

Proptech firms partner to boost agency offerings

Agency proptech supplier Muuvo has partnered with Canopy to provide its RentPassport and RentTracking products. Muuvo provides software for agents to help buyers, sellers, landlords and tenants...

Sales slowdown? Portal data suggests transactions are taking longer

There are signs that properties are starting to take longer to sell. A lack of stock in recent months has meant agents have often been able to...

Home hunters urged to go offline to find agency stock

Buyers are being urged to ditch their laptops and hit the streets to find a property. The property market is currently hampered by a lack of stock,...

Knight Frank warns property market against talking itself into recession

Buyers and sellers should focus on the Bank of England’s actions rather than words when it comes to the housing market, analysis suggests. Knight Frank has released...

Trade body hopes empty homes clampdown will boost agency stock

Propertymark has expressed hope that the Levelling Up and Regeneration Bill will help boost much needed agency supply. The trade body has taken some credit for measures...

Pandemic helps push up the number of half a million-pound hotspots

The number of areas where the average house sale price exceeded £500,000 has surpassed 15% of Great Britain for the first time. Research by Savills found 10.1%...

Agency proptech supplier's new CTO promises 'innovative' products

PropTech supplier nurtur.group has appointed Damon Bullimore BriefYourMarket co-founder Damon Bullimore as chief technology officer (CTO). It follows nurtur.group’s acquisition of the marketing and data service in...

Peer calls for agency regulations to apply in leasehold sector

A high-profile peer has questioned why estate agency regulation wasn’t extended to property management companies in the Queen’s Speech this week. Lord Truscott, formerly a Labour member...

Agents urged to go 'further and faster' on upfront information

A senior industry figure has called for upfront information changes to move faster to boost market confidence amid the cost of living crisis. Bryan Mansell, founder of...

NI agent offers short-term accommodation to reduce fall-throughs

A County Down-based estate agent has acquired a local rival and launched a new “stop-gap” accommodation service for buyers and sellers to preserve chains. Quinn Estate Agents,...

Agents Do Charity - bikes, boats and Bond

Fundraising efforts featuring bikes, boats and James Bond all feature in this week's edition of Agents Do Charity. Remember, if you have charitable exploits you want the...

Hybrid agent hits the road to attract more recruits

Hybrid agent eXp UK is embarking on a national roadshow this month to showcase its US-inspired business model. It will visit London, Birmingham, Manchester, York, Bristol and...

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