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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

Purplebricks: investment bank refutes allegation of bias against agency

A leading business consultancy which advises clients on investments has refuted a claim by a prominent media analyst that it is biased against Purplebricks. Mike DelPrete, a...

Full-service agents achieve over 5% higher sale price, research shows

Research in the United States shows that traditional full-service estate agencies achieve better sale prices than the biggest alternative in that market - For Sale By...

No crash but London market stalls 'thanks to Brexit, economy, taxes'

Ten out of 14 economists surveyed by Bloomberg News say Brexit and economic uncertainty are likely to stall London’s housing market for some years to come...

Agents broadly welcome better-than-expected mortgage data

New data from UK Finance - previously the Council of Mortgage Lenders - paints a relatively optimistic assessment of the UK-wide housing market. Figures show that home...

Ombudsman warns that expelled agency may be trading illegally

The Property Ombudsman has expelled a London lettings and estate agency for a year and is warning that the firm may be trading illegally.  TPO says Premier...

Another online agency advert banned over misleading wording

For the second successive week the Advertising Standards Authority has banned an online estate agency’s advertisement.  Last week it was HouseSimple and this week it is Connells-owned...

PropTech Today: Demand for ‘robo-advisors’ is increasing

As someone who spends his days peering into the PropTech world, one thing I’ve observed is the way in which certain tech prompts a race to arms, where...

New agency operates online but says 'we're no budget company'

An estate agency that has just launched in south Devon says it is giving its customers the advantages of a 24-hour service via the internet and...

First time buyers more active, says Connells, but Brexit clouds linger

Almost half of all property purchase valuations last month were conducted on behalf of first-time buyers according to Connells - well above the five-year average for...

Transactions down says Lloyds, while HMRC data shows static market

The number of existing home owners moving house fell two per cent in the first six months of 2017 compared with the same period in 2016,...

OnTheMarket: no comment on 'deferred debt for Yes votes' claim

OnTheMarket is declining to comment after suggestions were floated that some debts by its member agents could be deferred, or in some way lessened, if those agents...

Fine & Country says Mayfair office stays - but more focus on B2B

Fine & Country and the Guild of Property Professionals are to keep their current Mayfair office on London’s Park Lane - contrary to some industry speculation...

Agents' Mutual using same float advisers as Purplebricks

The investment consultancy chosen by Agents’ Mutual to advise on its float plans - Zeus Capital - is the same one that assisted Purplebricks to float...

'Expect big news soon' says online chief after cash injection

The chief executive of online estate agency eMoov - which has raised £9m in its latest investment round - says “more big announcements” are to be...

Call for more women to enter agency and rest of property industry

The Royal Institution of Chartered Surveyors says more women should enter estate agency and other property sectors across the land and construction sectors as well. Fewer than...

Countrywide says Brexit is "biggest risk" to housing market

Countrywide has issued forecasts for the housing market over the next two years amidst a warning that Brexit volatility is the biggest risk to performance.   It says...

Tory-led body says second home owners should be penalised more

A think tank says the penalties now levied against second home owners - such as the stamp duty surcharge and phasing out of buy to let...

New tool allows portal searches by lifestyle needs, not by property

OneDome has launched a new online tool that allows users to scour Rightmove, Zoopla and OnTheMarket by setting up lifestyle criteria, instead of finding a property...

Agency with online option amongst new members of regional group

Experts in Property - the network of independent estate agencies across Cornwall, Devon, Dorset, Somerset and Bristol - has revealed two new members.   One is Harding &...

Asking prices fall - but that's in line with the seasonal norm

The typical asking price of a home coming on sale has fallen by 0.9 per cent, equivalent to £2,758 - precisely in line with the summer...

Latest Countrywide restructure gives more work to chief executive

Countrywide has announced another management restructure, this time with chief executive Alison Platt appearing to take on additional responsibilities. The announcement makes no reference to the departure...

Status, shares and subscriptions dominate Agents' Mutual roadshow

The roadshow of presentations of Agents’ Mutual’s plans to float on the stock market have just passed the half-way mark. Remaining sessions are scheduled today at Swansea...

Purplebricks: interview gives insight into LPE recruitment structure

An interview in an online magazine aimed at the small business sector lifts the lid on some of the structure surrounding Purplebricks’ Local Property Experts. The SMEWeb...

Cyber attack - small agencies accused of being unprepared

An insurance provider says small estate agencies are peculiarly vulnerable to cyber attack yet are amongst the least prepared amongst their business peers. PolicyBee asked 500 small...

100th agency branch partner named by Network Auctions

Network Auctions has revealed its 100th partner estate agency office ahead of its next auction in three weeks’ time. Rolfe East in Sherborne makes it 100 not...

Agents Do Charity - the 'so much for a quiet August' edition...

Remember when August used to be quiet with not much news? This year, whether it’s industry upheavals at Countrywide, Purplebricks and Agents’ Mutual, or global news from...

Countrywide: architect of 'online option' is latest to leave

Sources within Countrywide say the latest senior management figure to leave the company is Sam Tyrer, who under her title of ‘Managing Director Retail’ was effectively...

Exclusive: Speculation grows over future of senior Countrywide director

Speculation is growing that one of the most senior executives in the Countrywide management team may be leaving the organisation. Countrywide and the individual have been contacted...

Online sales and lettings agency seeks six-figure crowdfunding cash

An online estate agency with a website claiming “a saving of 50 per cent” on local agents, is seeking £100,000 to £250,000 new investment via a crowdfunding...

Charity blasts stamp duty critics 'wanting to sell £1m-plus mansions'

Shelter, the campaigning charity that has been hugely critical of private landlords and letting agents in recent years, has now launched a fierce attack on those...

Regional agency snaps up another independent business

Regional agency Manning Stainton has completed its second acquisition in the last four months with the purchase of independent agency Clear Properties. Clear Properties, established in 2004,...

Quiet at the back - agency reveals noise issues which deter buyers

Jackson-Stops & Staff has revealed what it believes to be the main noise problems that deter buyers and distress existing owners. A survey of 1,000 people reveals...

Banned! Online firm claimed High Street agents "charge 1.5% to 4%"

The Advertising Standards Authority has banned online agency HouseSimple from claiming that High Street agents charge “1.5% to 4% (plus 20% VAT)” after upholding two complaints...

PropTech Today: Two new solutions prove property is ready to go mobile

I’m excited to write this piece. I love it when something comes along and delivers that genuine thrill; the thrill of experiencing a game changer.   Last...

Not just stamp duty: Treasury gets record Inheritance Tax income

An analysis of data from HM Revenue and Customs reveals that inheritance tax paid by UK families has topped £5 billion a year for the first...

Housing market stable across UK although London still lags

UK house prices grew by 4.9 per cent in the year to the end of June according to the government’s official index.  This is a tiny 0.1...

UK home ownership "is in structural decline" warns Barclays bank

The price of houses in the UK will remain high because a “structural decline” means fewer homes are being sold and let, thus fuelling an excess...

EweMove boss named as part of Property Franchise Group new blood

A new managing director has been named for EweMove - with the promise of more high-level appointments to come for the Property Franchise Group which owns...

Agency sorry after email about home that "didn't look like much"

Savills has apologised to a potential client who accidentally received emails between agents saying one was “lumbered” with an enquiry about a home coming to the...

Humberts could extend online option to sales, after evaluation

Humberts, which yesterday launched an online-only option for landlord clients, says it is “not closing the door” on expanding the idea to sales, too. Yesterday Humberts revealed...

Buying agency turnover triples as focus shifts to owner-occupiers

Black Brick says its turnover in 2016 tripled to £3m with new business so far this year focussing increasingly on owner-occupier clients wanting to purchase in...

Two weeks to go before annual estate agency 'call chaos day'

You might have thought the week after Christmas or the day after Easter would be when agents receive the most calls into the offices - but...

OnTheMarket member agency claims it can list online-only properties

Humberts, a member of Agents’ Mutual, is today launching an online-only option and claims it can list online-only properties on OnTheMarket. Such listings appear to contradict the...

Sell Purplebricks shares, urges writer as sales data mystery remains

The Sunday Times made uncomfortable reading for Purplebricks yesterday as the newspaper raised more questions about the number of homes the hybrid agency actually completes on...

OnTheMarket founder backs agencies offering online-only options

One of the founding figures behind OnTheMarket, which currently bans listings from online agencies, now says bricks and mortar agencies that offer online-only options to sellers...

Newspapers ramp up pressure for further reform of stamp duty

Stamp duty has become the latest weapon in the ongoing war of words between different wings of the Conservative party, as newspaper readers will have seen...

Jail for investor who did not declare capital gains when selling up

A Hampshire property investor who failed to declare Capital Gains Tax from the sale of properties evading £157,725, has been jailed for two years and three...

Estate Agent Today Panel - Agents’ Mutual: the arguments continue

No one can say Agents’ Mutual has failed to provoke debate within the industry. The project was the centre of fierce argument when it began in 2013,...

NTSEAT and TPO warnings after police probe quick sale company

The police are investigating a quick sale company after a claim by an individual that he received less than half of the sum his property was...

Savills suffers fall in sales in London, country and new-build sectors

Savills has reported strong figures for the first half of 2017 across its worldwide activities, but its UK residential divisions have bucked the trend with significant...

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