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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

Supply drought goes on as NAEA declares stock level 'a record low'

The number of properties available to buy on agents’ books decreased to 39 last month - the lowest amount recorded for March since National Association of...

London house price growth slumps to five-year low, says Hometrack

House price inflation in London continues to slow and has now reached 4.9 per cent year-on-year according to Hometrack. London is now among the five slowest growing cities,...

Guild's new chief exec goes on the road to meet agents across UK

The Guild of Property Professionals is holding its annual regional meetings next month at 10 sporting venues across the UK under the tagline ‘Fit for the...

Record number of agents sign up for PropTech conference

A record number of over 300 agents have so far signed up for next week’s FUTURE: PropTech conference, the largest event of its kind in Europe.   Agencies...

Agents Do Charity - the long Bank Holiday weekend edition

Many agents will be working hard all weekend but much of the country will be enjoying another long weekend - time, perhaps, for more fund-raising for...

Countrywide brand unveils video guides to online and full-service options

Countrywide’s Bairstow Eves brand has launched a series of video guides for customers using their £995 online agency service and for those who ‘upgrade’ to the...

Agency says some London boroughs seeing record low transactions

A London estate agency’s analysis of the latest Land Registry data suggests transactions in the capital are the lowest ever recorded.  Land Registry data for February shows...

PropTech Today: Generation Z are coming - agents, are you ready?

I was recently contributing to whitepaper by a major bank about the future of the property industry and, as I was writing, something struck me; just...

Two weeks to go... Your essential guide to The ESTAS 2017!

One of the biggest days of the year for agents takes place just two weeks tomorrow when The ESTAS take place on Friday May 12. Here’s all you...

Mortgage rates now at their lowest-ever level, says bank

Mortgage rates continue to fall with the average new lending rate at a record low of 2.2 per cent: as a result the average monthly payment...

Guild chief says "aggressive" online agency marketing "lacks integrity"

The new chief executive of the Guild of Property Professionals has accused some online agents of carrying out “aggressive” marketing campaigns that have been “lacking in...

Don't make stamp duty even worse, agency warns government

The government should resist any further increase in stamp duty not only to help the property market but to help guarantee revenue for public spending in...

Consumer group names "UK's best performing estate agent"

The HomeOwners' Alliance says it has identified what it describes as "the UK's best performing agent" based on how much it achieves above asking price for...

Agency chief retires after 38 years at firm and 26 years in charge

The agent working as both managing director and chairman of the Halls regional chain covering mid-Wales, the West Midlands and neighbouring counties is to step down. Peter...

Brexit forces many to reconsider property plans, says agency survey

Five per cent of homeowners say they will definitely not be buying a property until the Brexit process is over, while almost two thirds of those...

Purplebricks to be 'biggest UK agency by 2019' with 'share price up 50%'

A London investment broker says Purplebricks’ share price - currently around 300p - could rise another 50 per cent or more thanks to the hybrid’s expansion...

Ex-Countrywide MD takes charge of Lomond's latest acquisition drive

Lomond Capital has secured up to £37.5m for new acquisitions of sales and lettings agencies across the south of England - with a senior former Countrywide...

More price cuts likely in prime London, agency warns sellers

The snap General Election on June 8 adds to uncertainty but does not significantly worsen the market for prime properties in London and rural areas according...

PropTech group gets barrister's opinion over online agents' duties

As debate continues over the merits of upfront fees against post-sale commission for agents and consumers, the fledgling UK ProperTech Association has asked a barrister for...

Agency figures show many more first time buyers entering the market

First time buyer registrations in the past month have jumped nearly 20 per cent across the UK and almost 30 per cent in London according to...

'Star agent' hired to lead country firm's first prime central London office

Humberts - until now known as an agency operating predominantly in market towns across southern England - is opening a Mayfair office in a bid to secure some...

Firm offers online system for High Street agents to 'take on Purplebricks'

A firm is claiming to be allow high street agents to offer vendors an online sale services as well, without the expense of setting up their...

Rightmove reports another record high for asking prices

The price of property coming to the market has hit anoher record high, up 1.1 per cent over the past month according to Rightmove. The increase is...

Transaction volumes rally according to latest figures from HMRC

Property transactions rose marginally in March this year, up 0.5 per cent on February’s total according to figures from HM Revenue & Customs.  Even so March's seasonally...

Over 200,000 long-term empty homes in England - and not only in London

England has 200,145 long-term empty homes according to an analysis of government figures by an investment company.  In London alone, there were 19,845 homes sitting idle for...

Stamp Duty: no change imminent, predicts Communities Secretary

Anyone hoping that the General Election could herald an immediate change of heart by the Conservatives on high levels of stamp duty levied on more expensive...

Strutt & Parker: local offices outside London 'may not be part of sell-off'

A well-informed industry article on the possible sale of Strutt & Parker to French bank BNP Paribas suggests that the deal, if it happens, may not...

Regulator to probe lenders who offer just interest-only mortgages

The Financial Conduct Authority says it is to review lenders offering solely interest-only mortgages to home owners. In its business plan for the coming year it says:...

Agencies round-up: Purplebricks, Harrison Murray, Heaton, and more

The aftermath of Easter and shock announcement of a snap General Election have done little to stop the industry making plenty of staff and other moves...

Agents Do Charity - the never-mind-the-ballots edition

There’s no sign yet that the snap General Election is distracting our industry from continuing its fine record of doing good work for others - perhaps...

Housing market good news: price growth over 10% by end-2020

Average UK house price growth will reach 2.2 per cent this year, a rise of £4,460 that will see the average home worth £210,400 by next...

Agents 'must advise on property decisions - not just sell homes'

A prominent housing expert says estate agents must not merely sell homes but should become “lifelong consumer property advisors.” Kate Faulkner - creator of Propertychecklists, a consultant...

Top PropTech influencers target agents and others with new venture

Two figures with high profiles in the world of PropTech have formed a consultancy to try to sell their services to agents and others in the...

James Dearsley: Trussle and Revolut bring FinTech and PropTech together

News was released this week of a new PropTech partnership: banking disrupter Revolut has joined up with mortgage brokerage, Trussle, to offer broking directly to customers.  In my line...

#GE2017: Housing minister will leave his post on May 3

Yesterday’s decision by MPs to agree to Theresa May’s snap General Election on June 8 means that the current government - including the housing minister role...

First-ever electronic e-signature exchange of contracts

The first ever electronic e-signature exchange of contracts for a residential property transaction in the UK has been completed this month, it has been revealed. The exchange...

Agents back likely Conservative victory in June General Election

Estate agents have been broadly supportive of the decision by Prime Minister Theresa May to push for a snap General Election on June 8. The decision, likely...

New marketing chief for Savills-backed online agency YOPA

The new chief marketing officer of online estate agency YOPA is a figure with over 20 years experience with brands such as Paddy Power, O2 and Guinness. Gav...

Nearly half the public want help for downsizers to move home

A survey from a financial organisation suggests that nearly half of the UK public says they would support a government incentive to encourage older homeowners to...

Agency basement reopens 16 months after devastating flooding

Work has been completed on the £300,000 refurbishment of the lower ground floor of city living specialist estate agency Morgans in the centre of Leeds. Its Dock...

Agents broadly welcome election despite short-term uncertainty

The industry has broadly welcomed the shock announcement of a June 8 General Election as a chance to end long term Brexit uncertainty and give the...

Independent agencies' group pledges to attack 'fake agents'

The first meeting of fledgling trade group CIELA has ended with a pledge to expose what it calls ‘fake agents’ which charge for listing properties for...

Ex-Countrywide figures emerge in roles at rival companies

More former Countrywide figures have emerged in new roles at rival organisations. Darren Bowles, former regional sales manager at Countrywide’s Bridgfords brand, has joined the lead control...

Zoopla gets it claws out with new Crab-theme advertising campaign

Zoopla has launched a new advertising campaign to promote its usefulness to house movers as told through the eyes of hermit crabs – apparently the world’s...

Annual house prices up just 3.3% in England and Wales says agency

Your Move’s latest house price index shows that the average house price in England and Wales is now £301,278 after a slowing 3.3 per cent increase...

ESTAS reveal new sponsor for inaugural conveyancer awards

Legal Eye has been announced as the latest organisation to support the new customer service awards for the conveyancing sector launch by The ESTAS Group. The ESTAS,...

New property search engine seeks investment from agents

A controversial new search engine claiming to be in the later stages of development is seeking investment from estate agents, corporates and software developers. Proptyle - which has...

Hunters profits up 31% in agency's first year on the stock market

Hunters has told investors that its revenues rose 15 per cent to £13.8m in the year to the end of December, with pre-tax profits up 31...

'Stagnating' housing market say surveyors and listings website

The website Home, which monitors asking prices, says prices have rallied strongly in the last month but thanks to growing inflation at 3.5 per cent “UK...

Auction sector 'leading post-referendum sales recovery' - claim

A series of strong sales performances at recent auctions has led one firm to claim the sector is leading the residential industry’s recovery after last year’s EU Referendum. Auction...

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