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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

Ministry of Housing rebrands but it’s still a bit of a mouthful

The Ministry of Housing, Communities and Local Government (MHCLG) has changed its name to reflect the government’s levelling up agenda. The department’s name is still a mouthful...

Think tank rehashes ‘mansion tax’ to replace council tax and stamp duty

A think tank has proposed scrapping Council Tax and stamp duty in favour of an annual property levy.  The Institute for Public Policy Research (IPPR) claims the...

Housing Secretary ‘reviewing planning reforms’ amid donations scandal

New Housing Secretary Michael Gove is reported to be set to press ahead with plans to pause controversial planning reforms.  It came as Gove was caught up...

Asking prices hit record high as buyer demand heats up - Rightmove

Buyer demand per property for sale is more than double that of pre-pandemic levels, Rightmove claims. The property portal’s latest House Price Index for September suggests competition...

No-fee agent strikes £5 billion sales landmark

Strike chief executive Sam Mitchell has hailed the online agent’s no-fee model after reaching £5 billion worth of sales. The agency, previously known as HouseSimple, raised eyebrows...

Agents report record August for above asking price sales

Record numbers of properties sold above asking price in August, agents claim. Data from NAEA Propertymark shows that despite the summer lull, agents reported that 37 per...

Foxtons appoints former Hamptons man following 'investor pressure'

Following speculation overnight, Foxtons - one of London's leading and most high-profile agencies - has this morning announced the appointment of Nigel Rich CBE as Chairman with immediate effect...

Pincher survives as ruthless Johnson reshuffle concludes

Boris Johnson's sudden and unexpectedly ruthless Cabinet reshuffle, which drew comparisons with Margaret Thatcher's 'purge of the wets' in 1981, ended with most of the same...

A foot in the door - Savills welcomes young people for work experience

One of the property market's leading names has welcomed young people into its company for work experience through a partnership with a UK-wide social mobility charity. Savills...

Agents need a software system to match the changing working day, says provider

A cloud-based software provider has claimed that agents need to prepare for the future – and a very different working day – to ensure they aren’t...

ALEP welcomes ground rents action as Countryside scraps unfair lease terms 

The Association of Leasehold Enfranchisement Practitioners (ALEP) has become the latest body to welcome the decision by Countryside Properties to scrap the requirement to pay ground rent on leasehold properties shown to have...

Agents Do Charity – pies in faces, Agent Rainmaker and Three Peaks heroics

It’s been a dramatic week in the world of politics – and this has led to another new Housing Secretary, in the form of Michael Gove,...

Borders estate agent invests in ‘unique’ digital signage – is it the future?

A Borders estate agency business, Hastings Legal and Property, has invested in Halo Digital Signage – hailed as ‘the new generation of digital screen solutions’ –...

Reshuffle - Gove replaces Jenrick, but will Pincher survive?

In a day of unexpected drama, Boris Johnson carried out a surprisingly brutal and widespread Cabinet reshuffle which saw a number of major names removed or demoted. From...

Conveyancing – is industry-wide UPRN adoption on the cards?

Industry-wide adoption of Unique Property Reference Numbers could be one step closer after an announcement by a major trade body. The Conveyancing Information Executive (CIE) yesterday published...

Platform - proof of funds vitally important as stamp duty holiday end nears

Being able to show proof of funds in a quick, transparent and simple way is more crucial than ever to keep fall-throughs to a minimum as the...

National Leasehold Campaign backs latest CMA action on ground rents

One of the biggest campaign groups calling for leasehold reform has welcomed the action taken by the Competition and Markets Authority (CMA) with regards to onerous...

ESTAS Forum - can agents and conveyancers work better together?

The property market over the last 18 months has seen unprecedented activity - as a result of changed priorities, the stamp duty holiday and positive buying...

Stamp duty boost for first-time buyers? Not a bit of it, claims research

First-time buyers are £25,000 worse off thanks to the stamp duty holiday, according to estate agent comparison site GetAgent. The website revealed that the stamp duty holiday...

Robert Jenrick sacked as Housing Secretary; Michael Gove replaces him

Robert Jenrick has been sacked from his post as Housing, Communities and Local Government Secretary. He was the third major name to go, following the sackings of...

Leasehold victory – leaseholders with Countryside freed from costly terms

In what will be seen as the latest win for leaseholders across the UK, it’s been revealed that – following action by the Competition and Markets...

The Guild gets ready to go live with formal qualifications platform

The Guild of Property Professionals’ formal qualifications platform is set for launch this month. Agents will be able to access the platform to complete Ofqual-accredited qualifications. Registration for...

Mortgage lending hit record highs before stamp duty holiday ended

The value of mortgage lending hit a record high in the final months of the stamp duty holiday. Figures from the Bank of England show £89bn of...

The cheapest and most expensive areas by square footage revealed

Buyers are getting less square foot for their money when buying a property. Research by insurer Churchill has found that the average cost of a property in...

Agents - are you listing a buyer’s dream home?

Rightmove claims to have identified the dream home for buyers. A survey of more than 2,000 visitors to the portal’s website has revealed what buyers really want. It...

Poor connection! A third of buyers would pull out of an offer over bad wi-fi

Picky buyers are walking away from property deals after realising the internet connection at a property is poor, research claims. A poll by broker First Mortgage has...

Under the hammer! Auction house basks in record summer for sales

Auction house iamsold has marked its best summer yet. The auction service said it sold £196m worth of property under the hammer during the summer months. It sold...

TPFG announces record interim results, boosted by Hunters acquisition

The Property Franchise Group (TPFG) – the umbrella property brand which incorporates well-known names such as EweMove, Ellis & Co, Martin & Co, Parkers, Whitegates and,...

Revealed! The cash buyer hotspots as London lags behind

Scotland and the south west of England have been identified as cash buyer hotspots. Analysis by Barrows and Forrester, found 27 per cent of homes sold so...

Retail guru moves in with home setup service

Veteran retail chief executive John Browett is joining home setup service Just Move In as chairman. Browett has been chief executive of major UK businesses including Tesco.com,...

Dramatic! Ex Emmerdale star is now an estate agent

A soap star has swapped scripts for property sales. Actor Marc Silcock was involved in one of ITV soap Emmerdale’s biggest storylines, playing Aaron Dingle’s boyfriend Jackson...

House price growth set to slow as stamp duty holiday ends

The property market is unlikely to enter a last-minute rush before the final stamp duty holiday ends in October, research claims. Analysis based on conveyancing quotes on...

Revealed: UK ranks just tenth for property price growth

Property values may seem high in the UK but spare a thought for buyers in other countries such as Israel, Switzerland and Germany where prices and...

Free parking & government support, study reveals what new build buyers want

Warwick Estates has revealed the most in-demand features for new-build buyers. The firm has analysed Rightmove data and found that those buying new build are more likely...

More energy efficient homes can attract high sale price - claim

Implementing measures recommended in an Energy Performance Certificate (EPC) could boost the sales price of a property for a vendor, the Property Energy Professionals Association (PEPA)...

Market insight - agent predicts brisk end to stamp duty holiday

Demand from buyers is set to be strong for the rest of 2021 as the stamp duty holiday unwinds but uncertainty remains over supply levels, Knight...

Dream job alert! Fancy being a mansion tester?

An online conveyancer is on the hunt for a mansion tester. My Home Move Conveyancing is seeking a mansion tester who will be tasked with staying at...

Agent comes up with solution to clear up offer confusion

A Midlands estate agency has come up with a solution to avoid confusion over property offers. Forget poor connections or bad handwriting that may scupper an offer, Nock...

Pandemic puts a dent in London’s prime sales but million-pound homes sell faster

Forget London, Scotland is now the fastest-moving market for million-pound properties. Analysis by Rightmove has found that million-pound homes are selling 25 days quicker on average north...

Mandatory housebuilding targets set for the scrapheap - reports

The government is reportedly planning to abandon its next stage of planning reforms. The proposals, previously under consultation, would have given councils mandatory housebuilding targets in an...

RICS Scandal - Senior figures quit but “no fraud or crime” says QC

The independent QC leading a review into the governance scandal at the RICS says there was “no fraudulent or criminal misbehaviour” at the organisation. Alison Levitt QC...

Interim RICS boss gives salary to charity as body seeks forgiveness

The independent review into the RICS scandal of recent months and how the governance of the body failed, has thrown up numerous recommendations. The main recommendation from...

Agency staff to get therapy help as they return to the office

A London agency has launched a Wellbeing At Work initiative to help agents and other staff as they return to the office.  JOHNS&CO, which has over 100...

PropTech during Covid has attracted younger property buyers - claim

The UK’s biggest property auctioneer is considering whether to bring its sales back into the auction room in the near future. Managing director Jeremy Prior says that...

Police probe into sacked Savills agent still ongoing

The police investigation into the Savills agents who allegedly racially abused England players on Twitter after the Euros 2020 final is still continuing. Andrew Bone - a...

Agents Do Charity - Golf, football and… er…. baking

Welcome to this week’s Agents Do Charity - another edition of good will and cheer generated by the industry’s fund-raising heroes. It’s especially diverse this week, but...

Savills sacks 'racist abuse' agent after Euros tweet

The Savills member of staff who allegedly racially abused England players online after the Euros 2020 final has been sacked. The Metro newspaper reports that Andrew Bone...

Shock call that stamp duty holiday should have been shorter - RICS

A surprise statement from the Royal Institution of Chartered Surveyors says the stamp duty holiday, which goes on until the end of this month in a...

Purplebricks reveals areas where external appointments needed

Purplebricks says it’s beginning interviewing this week for roles at three key levels where there were not enough ‘switchers’ willing to move from self-employed to employed...

House prices to fall next year if market cycle continues - agency

An estate agency says it’s analysed the housing market’s long term cycles and forecasts that house price rises will continue - but only until early summer...

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