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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

SDLT Bonanza! Mortgage enquiries and property portal visits soar

Evidence is pouring in that the stamp duty holiday introduced 48 hours ago has already produced huge levels of interest from prospective buyers. It’s now been revealed...

Prime central London prices to fall this year despite recent boost

Savills has revised its market forecast for the enclaves of prime central London and now says prices will fall by 2.0 per cent during 2020. This is...

Good news on mortgages - another rise in product choice

There’s been another increase in the number of mortgage products available to buyers and landlords - a sign of all aspects of the housing market slowly...

NAEA Propertymark in PropTech deal to promote start-ups

NAEA Propertymark is partnering with a service called REACH UK, to promote selected PropTech start ups to agents who may need help navigating through the plethora...

Agents Do Charity - no holiday for industry fund-raisers…

There are high hopes that the new stamp duty holiday will make an already busy market even busier - but not to frantic, we hope, that...

Branch closures announced as franchise agency links with building society

Six agency branches are being closed as a result of a partnership between franchise giant Belvoir and the Nottingham Building Society. Under the new agreement, the vast...

Stamp Duty mayhem? Conveyancers may not cope, warn agents

An estate agency is warning that the likely rush of transactions when the new stamp duty holiday ends next spring will be too big for conveyancers,...

Is Rightmove the biggest winner from the stamp duty holiday?

Chancellor Rishi Sunak - and the agency industry - will no doubt be delighted to know that visits to Rightmove soared 22 per cent in the...

Stamp Duty holiday unlikely to be replicated in Scotland

It looks like the stamp duty holiday for England and Northern Ireland, already in effect following yesterday’s announcement, is unlikely to be replicated in Scotland.  Chancellor Rishi...

RICS figures confirm short-term bounce but supply is very low

There’s more confirmation this morning that the housing market is enjoying a short-term bounce - and that’s before the effect of yesterday’s stamp duty initiatives. The latest...

Vendors on HS2 route must accept offers at 85% of asking price

The latest guidance from the government on the next phase of the HS2 high-speed railway confirms the previous demand that vendors must accept offers within 15...

Prices and sales volumes both improving in London - agency

The number of offers agreed on homes priced below £1m since mid-May is a healthy 41 per cent higher than the five-year average for the equivalent...

Stamp Duty changes and Furlough Bonus scheme announced by Sunak

Chancellor of the Exchequer Rishi Sunak has announced that there will be no stamp duty on homes selling for £500,000 or less; this temporary holiday will...

Stamp Duty cuts WON’T help the market - a contrary view

An industry analyst is challenging the long-established agents’ view that reducing or temporarily scrapping stamp duty would help the market. On the day that Chancellor Rishi Sunak...

Challenger portal offers agents free access to data on all UK homes

One of the many free-to-list portals now vying for attention is offering agents six months free access to a platform boasting a vast range of data...

Agents give better treatment to buyers with British accents - claim

A new study of British agents suggests that buyers with accents from most of the rest of the world receive less favourable treatment than those from...

PropTech Today: Software and portals destroyed the personal touch of agency

Have you ever wondered how industry-specific software and property portals have influenced the typical estate agency of today? A new book, which aims to help agency owners...

First-ever transaction with chain using Reservation Agreements

A PropTech supplier claims that an agency has secured the first ever transaction where the complete chain used Reservation Agreements.  Harrison Residential, a single-office agency at Sittingbourne...

Mortgage enquiries surge as prices dip slightly in latest index

Mortgage enquiries in June surged to double the rate of the previous month according to the latest halifax house price index. Although average house prices dipped by...

Stamp Duty dithering could kill the market, warn angry agents

Agents have spoken out angrily against any uncertainty in the market caused by government leaks about future stamp duty changes. In recent days many national newspapers have...

Almost 90% of sales could have zero stamp duty says Zoopla

One of the possible stamp duty options floated by Chancellor Rishi Sunak could mean 89 per cent of sales would be duty-free. “Temporarily removing stamp duty for...

“What I hate about corporate agencies” - hybrid chief tells all

The chief executive of a hybrid agency in London has revealed why he deserted big corporates to create his own company. Rollo Miles, a co-founder of hybrid...

Agency losing over 50 jobs says its brand is “very much alive”

The Andrew Grant regional estate agency brand is “very much alive” despite the firm which bore the name losing 54 jobs lost in recent weeks. Local media...

Agencies announce expansions despite Coronavirus crisis

Hunters has launched two additional franchise branches in Tower Bridge, London and Middleton, North Manchester, taking the company total to over 200. Hunters Tower Bridge will handle...

Agents stay open in future local lockdowns but auction houses shut

Government guidelines regarding future Leicester-style local lockdowns suggest that branches can remain open and viewings can continue. However auction houses must shut. So far Leicester is the only...

Stamp Duty changes being considered by Sunak - but when?

Unnamed government sources quoted in many newspapers today suggest stamp duty reforms may be announced later this year. Chancellor Rishi Sunak is to unveil his latest Coronavirus recovery...

Phil Spencer: How can agents help sellers overcome unsettled buyer market?

The property market has been reopen for almost eight weeks now and during that time demand from prospective buyers has soared. Rightmove recorded 10 of its busiest...

Top agencies shut branches as industry adapts to 'new normal'

There are various reports of estate agencies closing branches - or not reopening them after lockdown - as they reduce the size of their networks. Knight Frank...

Should ‘Master' bedroom be dropped from property descriptions?

The Black Lives Matter debate has reached the property industry with some agents dropping the term ‘Master bedroom’ from descriptions. The Times over the weekend reported London...

London-based hub agency triples in size during lockdown

A London agency says it’s seen over 30 new agents join its hub franchise operation during the lockdown, taking the total to 50 - that’s three...

Property Jobs Today - latest movers into and across our industry

It’s a tough time for agents and our stories show a disturbingly high number of  branches closing - but there are good jobs news stories too. If...

Congratulations! ESTAS 2020 winners celebrate ‘virtual’ victories

The industry’s first virtual awards event has taken place with hundreds of agents participating courtesy of YouTube. Winners of the prestigious ESTAS Customer Service Awards 2020 have...

NAEA Propertymark chief executive to quit at the end of 2020

The chief executive of the National Association of Estate Agents, Mark Hayward, is to retire at the end of this year.  The move has prompted Propertymark to...

Agency closes 23 branches and employs 'Partners' working from home

Haart - one of the brands owned by Spicerhaart, which laid off staff in the first hours of the pandemic - has announced it's closing 23...

Purplebricks' latest TV advertising campaign starts today

Purplebricks is starting a new wave of TV advertisements today, continuing its theme from earlier this year as a sponsor of Team GB for the Tokyo...

How much do you earn? A personnel company wants to know

A personnel company wants agents to tell them how much they earn in another anonymous online survey. Rayner Personnel - which recently conducted two other online surveys...

Younger buyers’ moving plans hit by mortgage changes - Zoopla

A survey of 2,000 prospective movers by Zoopla shows the vast majority still intent on buying - but younger purchasers’ plans have been hit by mortgage...

Agents Do Charity - and the fund-raising goes on virtually...

Hello and welcome to our latest ADC, with more evidence that fund-raising goes on even with communal activity at a premium right now. If you’re doing fund-raising...

‘Property licence plates’ launched - agents should use them says Propertymark

Propertymark is calling in the government for agents to be trained in the use of software operating the Unique Property Reference Numbers system - similar to...

Revealed - the top three trends in the housing market right now

With the UK housing market now largely open - there are still restrictions in some areas on home moves to occupied properties - some key trends are emerging...

OnTheMarket bags another 500 branches with ‘welcome shares’

OnTheMarket says almost 500 branches have signed up in recent months, entitling their business owners to ‘welcome shares’. Of those branches signing up to the new listing...

Stamp Duty cut would NOT help the market, claims tax specialist

A prominent tax specialist has suggested that stamp duty cuts would not help improve the housing market, despite many agents suggesting otherwise. David Hannah, founder and principal...

Say No To Rightmove campaign chief signs up to new free-to-list portal

The estate agency group spearheading the Say No To Rightmove campaign has signed its 36 branches up to new portal Homesearch. The Acorn Group is ”a fully...

Agents remain calm in the light of latest house price dip

Agents have remained calm in the light of Nationwide’s house price index which shows the first annual fall for eight years - albeit a dip of...

Code of Practice for Estate Agents set to change industry forever

A new estate agency Code of Practice is to be written by a group set up by the Royal Institution of Chartered Surveyors and The Property Ombudsman. It...

Homesearch portal launches with two-week feedback period for agents

Homesearch, the long-awaited new free-to-list portal, launches today with a string of testimonials from supportive estate agents. The new portal announced at the end of last week...

PropTech Today: another attempt at solving a problem that doesn't exist?

"New property website launches. Not immediately sure what it does differently, what its USP is or who will use it, but good luck to those behind...

Leicester lockdown is warning to agents to abide by ‘new normal’

The return of non-essential businesses to lockdown in Leicester as a result of a localised spike in Coronavirus cases is a reminder to agents to follow...

New-build market bouncing back quicker than second-hand market

Buyer demand for new-build property has bounced back 66 per cent in the six weeks since the resumption of the housing market according to research from...

Purplebricks critic launches “agent-friendly” PropTech platform

A former City analyst best known for his scathing criticisms of Purplebricks has launched a PropTech platform that he describes as “agent-friendly” and focussing on buyers...

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