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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

Rightmove reveals more agents, more visits and more profits in past year

Rightmove has released its figures for 2016 and as predicted they show the portal streaking ahead of all rivals. It reports record advertiser numbers with agency and...

Purplebricks value 'same as Countrywide and Foxtons combined'

The Purplebricks stock market bull run took yet another huge leap forwards yesterday with its share price up 20 per cent at one point after confirmation...

London house price inflation at lowest level for 42 months

Hometrack data suggests that annual house price inflation in London has fallen to 6.4 per cent, the lowest level since June 2013.  Compared to 2009, house prices...

Martin & Co wants name change to Property Franchise Group

Martin & Co wants its shareholders to agree that the firm’s name should be changes to The Property Franchise Group.  A note sent to shareholders yesterday said...

Agents Do Charity - in a big week for the industry

This week has seen the estate agency industry demonstrating just how big it is these days with Purplebricks raising £50m in a matter of hours to...

Purplebricks: high praise for agency from ex-Countrywide chief

Harry Hill - former chief executive of Countrywide and the founder of Rightmove, and one of the most respected figures in the agency industry - has heaped...

Purplebricks to expand into the United States later this year

Purplebricks has raised £50m through a share issue to fund expansion into the United States later this year. In an announcement to shareholders and the City yesterday, the firm...

Portal for property investors launches with £500k funding

A data portal called REalyse and aimed at professional property investors is launching today after raising £500,000 in seed capital.  The site allows investors and residential developers...

London market: fewest mortgages for buyers since 1991

The number of home buyers in London dropped to a four-year low in 2016 while the number of loans taken out by purchasers plummeted to its...

Future:PropTech2017 unveils sponsors - including Angels Media

Organisers of the Future:PropTech2017 conference on May 4 have revealed new sponsors involved with the event - including Angels Media, publisher of Estate Agent Today, which...

Exclusive: another Countrywide chief quits to join independent

Another senior Countrywide figure is leaving the organisation to join an independent agency - itself set up by a former Countrywide executive. An announcement is to be...

Watchdog orders online agency not to re-run TV advert

Online agency HouseSimple has been told that by the Advertising Standards Authority that its TV advertisement including the claim ‘sell your home for just £495’ “must...

What can we learn from the Property Week Awards PropTech shortlist?

So, Property Week has announced its Property Awards shortlist for 2017. Looking at the entries for PropTech Company of the Year, I'm surprised to see who has, and...

Portal's 'win a house' competition ad banned by watchdog

A competition organised by Real Hot Property - which says it “aims to be Europe’s largest property portal” - has been sharply criticised by the Advertising...

Agency disputes rival firm's claim that it 'sells homes faster'

An estate agency in the north of England has complained to the Advertising Standards Authority about a rival firm’s claims saying it took on more properties...

New property portal unconcerned about OnTheMarket rule

A new regional property portal aiming to sign up 80 per cent of agencies in Yorkshire says it is unconcerned about OnTheMarket’s controversial ‘one other portal...

Connells still looking for 'selective acquisitions' in 2017

Connells Group’s estate agency business recorded an eight per cent increase in exchanges in 2016 over the previous year, and says it is still in the...

Government bags £394m 'enveloped dwellings' tax since 2013

A London property investment firm says the government has enjoyed a tax take of £394m since introducing the Annual Tax for Enveloped Dwellings in 2013.  Introduced by...

Questions asked over government's '1m new homes' figure

A trade publication claims the UK’s statistics watchdog is to hold talks with a Whitehall department about the government’s much-vaunted 'one million new homes' target. Inside Housing says...

Developer to build fewer homes after 'poor quality' issues

A house builder has set aside £7m to spend on repairs to its own new properties after a series of complaints from buyers - and this...

Another Rightmove record - 131 million visits last month

Rightmove secured over 131m visits last month, an all-time high for January. The 131m total was some three per cent above January 2016 - and this was...

Online operators in firing line of independent agents' group

The Charter for Independent Estate and Letting Agents, which is to be set up formally from next week, has set out seven challenges that it wishes...

Money Laundering: HMRC to work closely with Trading Standards

HMRC and the National Trading Standards Estate Agency Team have agreed new procedures to “enhance and ease the current flow of information on estate agency businesses...

Widening property pay gender gap labelled 'disheartening'

The Royal Institution of Chartered Surveyors says it is “disheartening” that the gender pay gap is widening in some aspects of the property industry. RICS says male...

A-ha! Agency gives public chance to name a block of flats

What would Norwich’s own Alan Partridge say? An estate agency in the city is offering residents a one-off opportunity - the chance to name a brand...

Purplebricks: 'formal complaint' from independent agents

The fledgling group being set up to represent independent estate and letting agents is preparing a formal complaint about Purplebricks based on what it claims to...

Rightmove reminder on 14-week anti-portal juggling time limit

Rightmove has reminded agents of its new 14-week re-listing timescale, first announced just before Christmas as part of its crackdown on portal juggling. Under the new rule,...

Agents' Mutual one other portal hearing: no immediate decision

The Competition Appeals Tribunal hearing between Agents’ Mutual and Connells-owned agency Gascoigne Halman is to be concluded on Monday - but the result may not be...

Over 40% of buyers view six or more homes, major survey shows

A survey of 5,000 people by agency chain Your Move reveals that 80 per cent of buyers view three or more properties and no fewer than...

Agents Do Charity - the half term edition...

Let’s not be distressed that we’re already over 10 per cent of the way through the year - yes, really - but this half-term week has...

Countrywide completes merger of two major agency brands

The much-discussed merger of Countrywide’s John D Wood & Co with Faron Sutaria brands - with the latter’s name apparently disappearing - has now been completed. A...

House prices "going nowhere in real terms" warns latest index

The property website Home is warning that while prices may show an early spring uplift there’s a long-term slowing of the market underway - and increasing inflation means...

Agencies appear on government's 'name and shame' wage list

At least one estate agency and one letting agency have been listed on a ‘name and shame’ roll-call of companies not paying at least the legal...

Mortgage rep in each agency branch boosts Connells figures

Connells Group’s mortgage services wing has recorded a 10 per cent increase in the number of mortgages in 2016 and has generated £10.3 billion worth of lending. The...

Borrowing by first time buyers hits record high

First-time buyers borrowed £5.1 billion from mortgage companies in December, far above the same month in 2015, and the highest December figure since the CML's records began...

Agents blasted by Which? for asking price 'over-valuations'

The consumer body Which? claims that 19 per cent of properties sold in the year to September went for prices five per cent or more below...

A new way to buy? Mortgage lender offers to pay stamp duty

One of Britain’s biggest mortgage companies has come up with a new way to try to boost buying across the housing market - paying stamp duty...

James Dearsley: Why agents need to look closely at this business model

London based property management startup Airsorted has raised £1.5m in a funding round led by Concetric and the ever present PiLabs.  What could this be telling us...

Unlikely location was UK's house price rise hotspot of 2016...

It is perhaps a sign of how difficult it is to read the UK housing market right now that the latest government figures show the location...

Countrywide: London auction homes to be sold via outside firm

Countrywide’s London properties are in future to be sold via the Auction House UK company - and the Countrywide-branded auction which was to have been held...

TPO spells out when pre-contract deposits may be acceptable

The Property Ombudsman has reiterated its new guidance in relation to agents accepting pre-contract deposits in certain circumstances. Estate Agent Today reported early last week that some...

Flurry of new appointments made by estate agency groups

Marsh & Parsons has expanded its Residential Development & Investment team - just one of a number of agencies to announce staff changes this week.  Rory Cramer...

Agency hires Aussie TV property pundit for staff training

Spicerhaart has signed what it describes as one of the world’s top estate agency mentors to work with its teams across the UK. Tom Panos, based in...

Countrywide loses another long-standing director

Estate Agent Today understands that Vince Corley, a senior director at Countrywide, is leaving the company. He is one of the longest-standing senior figures at the company,...

Three new franchisees for home-based estate agency

HomeXperts says it has recruited new franchisees covering Dorset, Gloucestershire and Oxfordshire. Some 18 months ago the chain - which then had fewer than 30 franchisees -...

Connells claims record business for new homes division

Connells Group says its Land and New Homes divisions enjoyed record performances in 2016.  The group, which includes Connells and Sequence along with a number of other...

Agency says average home in England and Wales is now £300,000

The market got off to a strong start in 2017 with prices growing 0.3 per cent in January to push the price of a typical homes...

Auction House claims record high number of lots

Auction House claims it has set a new UK auction record, after entering 703 lots into its February auctions. The number instructed beats the figure listed in...

Housing minister tells agents: 'no quick fix' for homes shortage

Housing minister Gavin Barwell has told the NAEA conference that there is no quick fix for the country’s housing shortage - and he effectively admitted his...

Crisis? What Crisis? Mortgage arrears plunge to 35-year low

The number of properties taken into possession last year declined by almost 25 per cent and has hit the lowest level in 35 years. Data from the Council of...