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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

EXCLUSIVE: New national agency recruitment ‘ahead of expectations’

A new national agency concept - eXp UK - has told Estate Agent Today that its recruitment schedule is running “well ahead of expectations”. eXp UK is...

Purplebricks in Canada - is it the agency’s secret success story?

Controversy and Purplebricks have gone hand in hand since the agency was first launched in 2012, through its float on the London Stock Exchange three years...

Agency faced with £10,000 bill after vandal spray-paints the office

The police are looking for witnesses or anyone who can help identify the burglars accused of an extensive spray-paint attack on an agency office in Salisbury. Harding...

More regional housing markets ‘heading for price corrections’

The latest housing market snapshot from the listings website Home suggests more regional markets are heading for price corrections. Home says that while prices nationally are holding...

Agents Do Charity - and it’s a deal at last, isn’t it?

As the country nears a Brexit deal (maybe… perhaps… possibly) there’s time to reflect on a quite contrasting process - the no-nonsense approach of our industry towards...

Named and shamed: local councils with the slowest searches

A trade body has sharply criticised HM Land Registry for its slow progress on digitising local searches after a promising start 18 months ago. In November 2018...

New Countrywide board member is another with link to Tesco

Countrywide has named Amanda Rendle as a new independent non-executive director of the estate agency group; she joined the board yesterday. Rendle has over 30 years of...

Market optimism: Agents urge buyers to see beyond Brexit shambles

Agents have expressed quiet optimism that the market may be over the worst as it continues to show resilience in the face of the Brexit saga. Responding...

Free service for agents to identify mobile and broadband connectivity

A service has launched for estate and letting agents to copy and paste a widget into online advertisements free of charge. It will show mobile and broadband...

Over a year - that’s the average time to sell in parts of the UK

Data from an agency comparison website reveals that in the current market it takes well over a year for a home to sell in several parts...

Comfort for prime central London as transactions and instructions rise

Stories with good news about the prime central London market seem few and far between but the latest figures from B2B service LonRes suggests something to...

UK agents promised "true wealth" if they follow US-style industry training

The US-based real estate firm Keller Williams says it is aiming to be this country’s leading agency training organisation. Ben Taylor, who last year became Keller Williams’s...

PropTech Today: Sometimes, people don’t want technology

A few weeks ago, I came across a couple of really interesting articles which I immediately thought worth writing a piece about. Thing is, I found them...

Call to scrap stamp duty for so-called ‘last time buyers’

An equity release specialist says the scrapping of stamp duty for so-called last time buyers would lead to more downsizing, freeing up larger properties and allowing...

Government tells sellers how much green space adds to house values

This is stating the obvious to estate agents but the government has revealed that homes near parks, gardens, playing fields and other green spaces in urban...

Agent to combine property knowledge with PropTech in new venture

A new franchisee says she will combine 20 years of property knowledge with state-of-the-art PropTech to provide customers with what she calls a “revived estate agency...

Purplebricks: troubled investor Woodford slashes stake to under 5%

The troubled ‘star fund manager’ Neil Woodford has drastically reduced his stake in Purplebricks: he now owns less than five per cent of the hybrid agency. A...

Boost for Purplebricks and co as online market share rises

There has been a surprise, but small, increase in the market share of online estate agents according to the latest survey. Business consultancy TwentyCi says online operators’...

New multi-agency sales company already works with 40 agents

A relatively new company which signs up vendors and then effectively sub-contracts their sales to strongly-performing local estate agents says it has already worked with 40...

Reservation Agreements to be trialled in the New Year

Reservation agreements locking in buyers and sellers could be trailed with some agencies and conveyancers early in 2020, a government official has revealed. A two-page model agreement...

Will stamp duty reform be announced on November 6?

November 6 has been declared Budget Day - at least if there is a Brexit deal agreed in principle in the next week. If no deal is...

Upad closure shows PropTech isn’t enough by itself

A leading agent and property management expert says the shock closure of online agency Upad is a sign that technology alone is not enough when it...

OnTheMarket price slump despite startling claim about Rightmove

OnTheMarket is delivering agents “a higher marketing yield than Rightmove” according to an investment consultancy which works with OTM. Investors appear to disagree - on Friday, when...

Countrywide says fewer frustrated sellers now resort to letting out

There are fewer ‘accidental landlords’ - vendors who resort to letting out their homes because the sales market is difficult. That’s the view of Countywide: new research...

Agency urges rivals to price realistically (even if vendors want more...)

A London agent is urging rivals to provide realistic valuations, even if vendors want more and despite temptations to over-value to win instructions. Nic Pejacsevich, director of...

Property Jobs Today - your Monday fix of who’s moving where

Hello, welcome to the new working week and the latest PJT. Before we kick off, a reminder to please let us know your appointments new by emailing...

Agency takes pioneering role during #MentalHealthAwarenessWeek

An estate agency service in the Lake District has rolled out a new benefit to all its staff - and in doing so is perhaps taking...

Legend of property journalism quits as editor of The Times’ Bricks & Mortar

One of the legends of property journalism, Anne Ashworth, has left her position as editor of The Times’ highly regarded Bricks & Mortar supplement. In her final edition...

Lifestyle estate agency recruiting new agents for global expansion

A high-end estate agency which describes itself as 'the world's only global lifestyle real estate company' is recruiting new partner agents. Quintessentially Estates, based in London, is...

Fewer property sales falling through despite uncertain market

Fewer property sales fell through before completion, despite uneasy market conditions, according to Quick Move Now. The home buying company's data shows that one in four (22.39%)...

First-night private chefs for buyers? Agency moves into luxury sales sector

Midlands estate agency Centrick has launched a new specialist division to focus on the luxury homes market across the West Midlands and Warwickshire. 'Signature Collection' will build...

Agents Do Charity - even a typhoon couldn't stop them!

England rugby fans will have been disappointed to find out that Saturday's planned World Cup group stage clash with France in Yokohama has been cancelled due...

Flying the nest - average age of first-time buyer revealed

The average age of a first-time buyer in the UK is 27, according to research from Nested.com. The online estate agency says that Edinburgh is the UK...

Zoopla hires creative agency in aim to become 'number one property destination'

Property portal Zoopla has hired a new creative agency to help it reach its goal of becoming the UK's 'number one property destination'. It will be working...

OnTheMarket: record traffic as agents take up low-cost, shorter contracts

OnTheMarket has this morning posted its latest results to the stock market. The portal reports that 2,346 branches had converted to full-paying contracts as of September 30,...

New online auction service launches, pledging a fairer service

A new online auction service has launched this week, pledging a fairer service for agent partners, as well as buyers and sellers. My Auction is distancing itself...

Regulation will drive more consumers to DIY approach, says agency boss

The boss of a 15+ branch estate agency group has explained how he thinks regulation could 'ruin' the estate agency industry. Simon Shinerock, chairman of Choices Estate...

50-year old regional agency group announces latest acquisition

A regional agency operating across Oxfordshire and Buckinghamshire has announced an acquisition which adds two branches to its network. This week, Alexander & Co has purchased Ella...

First-time buyers: 60% of all UK property is exempt from stamp duty

Of all the UK properties for sale over the last year, 59% would have been exempt from any type of transaction tax for first-time buyers. Zoopla has...

Countrywide share price steady following appointment of new COO

The share price of the UK's largest estate agency remained steady yesterday following its appointment of a new chief operating officer. Countrywide has hired Bruce Marsh, a...

10-branch agency rebrands to Hunters with plans to open central hub

An estate agency based in Cumbria has rebranded to Hunters following a management buyout. Cumberland Estate Agents has been purchased by its managing director Graeme Macleod (pictured...

PropTech Today: What is the point of industry collaboration? It’s a risk, surely?

I have been banging on about partnerships and collaborations for years now. Whether it’s between two real estate firms, two PropTech firms, or between a PropTech firm...

Auction House reveals record month and says agent sales 'won't deliver'

Auction House has reported a record number of sales for September, while its founder claims private treaty sales 'won't be able to deliver' before 2020. The UK's...

Consumer demand for new build homes at lowest level since 2013

Consumer demand for new build homes has dropped to a six-year low, according to the Federation of Master Builders (FMB). The organisation's House Builders' Survey reveals that small...

'Annual house price growth at six-year low' - Halifax

The latest figures from Halifax show annual house price growth has dipped to a six-year low. Average property price growth in September dropped to 1.1% -...

Housing crisis: Call for bungalows to house ageing population

A high proportion of over-65s would consider moving to a bungalow and believe more properties should be designed exclusively for older people. Some 60% of over-65s -...

Autumn breeze - Prime London market showing positive recovery signs

The property market in prime central London showed some impressive signs of recovery during the summer months, according to Knight Frank. The agency reports that its number of...

Most consistent agents to be recognised with special ESTAS award

The estate and letting agencies which have provided the most consistent levels of high customer service are to be recognised with a special new award at...

Halloween - we want to see your deadly decorations

Halloween is just over three weeks away and while the government prepares for the planned departure from the EU on the same day, we want to...

OnTheMarket takes on Rightmove with launch of market intelligence features

Property portal OnTheMarket has thrown down the challenge to Rightmove by launching two new features for its listing agents. The first, Market Intel, is a dashboard which...

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