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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

Class action against Purplebricks to be triggered this month

A pressure group says it's ready to take legal action against agents including Purplebricks.   Contractors for Justice is pursuing a proposed Group Litigation Order against certain online estate...

Masks: Agents should wear them even if public not in branch - call

Agents are being advised to wear face masks at work - even if no member of the public is present.  Paul Offley, compliance officer at The Guild...

Higher taxes will curb house price rises in 2022 - Rightmove

House prices will rise next year says Rightmove - but it warns that tax hikes will curb price rises, particularly later in 2022. In its annual forecast, the...

PropTech cuts home moving time by 50% and wins cash boost

Coadjute, the PropTech platform that aims to slash the length of property transactions, has announced a further £6m investment. Coadjute is a blockchain network that enables software used...

Yopa secures yet more investment as it reveals ‘reduced losses’

The investment arms of Savills and the Daily Mail General Trust have pumped more cash into online agency Yopa which has announced ‘reduced losses.’ Yopa says revenues were up 73 per...

Propertymark blasts government as house building figures "plummet"

Propertymark has criticised the government over poor house building figures. New figures from the Department for Levelling Up, Housing and Communities show that the number of dwellings...

Day and night, this is a beautiful Christmas estate agency

We have a day and night version of today’s beautifully-decorated Christmas estate agent branch, courtesy of the good people at RH & RW Clutton.  Senior associate Sam...

Covid Reminder - Face masks legally required in all agents’ offices

Face masks are legally required in estate and letting agents from today according to new government guidance released overnight. The guidance makes explicit reference to estate and...

Fast-growing London agents make strategic acquisitions

Two London agencies have announced acquisitions as consolidation in the capital continues apace. Dexters has six new branches after the acquisition of rivals Peter James and Sebastian...

EPC Hot Air? Most owners don’t even know their rating - survey

The government’s plan to put Energy Performance Certificates at the heart of its bid to reach Net Zero has hit a stumbling block. For while ministers want to...

Labour changes shadow housing minister after just six months

Labour leader Sir Kier Starmer has promoted housing minister Lucy Powell to a more senior position after just six months. This leaves the housing portfolio with Mike...

Unsustainable! Agents’ chief speaks out about lack of supply

The chief executive of Propertymark says the number of homes on sale has fallen to an average of just 21 per branch. “Figures from October show a continuing picture...

How many animals can you spot in this estate agency?

Here’s a super way to get into the Christmas mood - checking the window displays at Diggins & Co, an agency at Rayleigh in Essex. Branch administrator...

Rightmove training for agents on how to win more instructions

Rightmove has launched its second modular training course for agents, a sale skills exercise with high profile trainer Josh Phegan. The course is available for agents in four...

Purplebricks in new share collapse as Omicron spooks investors

Purplebricks share price collapsed by another 9.6 per cent on Friday. This means the agency has lost half of its share price in the last month alone,...

Famous Foxtons veteran rejoins the agency after 16 years

Foxtons has this morning announced that former managing director Peter Rollings is rejoining the agency 16 years after his departure. Rollings was at Foxtons between 1997 and...

New build prices may soar to cover raft of energy efficiency moves

The price of new build homes could soar if developers are expected to pay for additional energy efficiency measures not necessarily seen in other types of...

It's not Greenwash - another agency goes carbon neutral

An agency that operates across and around Bristol is the latest to declare its commitment to go carbon neutral. The associate director of Ocean agency, Andy Norris,...

Amazing - One in every 16 homes has been sold this year

By the end of 2021, one in 16 homes will have changed hands, making it the busiest property market since 2007 according to a Zoopla analysis. The...

Government must help agents meet AML obligations - expert

The perception of the housing market, especially in London, being awash with ‘dirty’ money is a problem that needs to be tackled by more government action...

Christmas decorations on this office look just Fine (& Country)

With December just days away we’re receiving more videos and images to entertain the industry in the countdown to Christmas. Today’s is from Daniel Madden, managing director of...

Another agency switches to self-employed broker business model

A London agency has undergone what it calls a ‘genteel’ rebrand with a subtle change of name - but a major shift in its business model. STANLEY...

Want an online agency franchise? Then make me an offer, says boss

The Good Estate Agent, set up in 2010, is slashing its franchise fee - it claims the reductions are for Black Friday and next week’s Cyber...

Relocation Agent Network ponders global options for growth

Relocation Agent Network, the network of primarily independent agencies, says it’s looking at global options for growth thanks to its relationship with US-based Dwellworks. The network -...

Forget Help To Buy Equity Loan - welcome to Deposit Unlock

A housebuilding-led mortgage indemnity scheme called Deposit Unlock has now been launched nationally with 17 major developers taking part. Nationwide is the latest and arguably the highest-profile...

Buyers want agents to become eco-experts about their stock

A new survey by Leaders Romans Group shows a significant majority of buyers wanting homes to be more energy efficient - however the results do not...

Agents Do Charity - as wintry weather bites...

Well it’s about time isn’t it? We mean winter - it’s here at last, with white, wintry weather that gets us in the mood for Christmas. But...

Agency closure blamed on online agents’ rock bottom fees

A long-standing estate agency with three major branches has shut after 27 years of trading - blaming online competition and ‘race to the bottom’ fees. Maitlands Estate...

Self-employed broker agency reveals plan for multiple franchisees

One of the first companies to promote the self-employed ‘broker’ business model has announced its first franchise agreement - and says there are four more to...

Agency makes commitment to become carbon neutral

Buying agency Middleton Advisors has made a commitment to go carbon neutral - and its method may be a template for others in the industry.  The agency...

Pilot scheme announced to limit second home ownership

A pilot scheme has been announced to test ways of limiting second home ownership and reducing the impact additional properties have on local areas. The Welsh Government...

First Time Buyer Crisis: finding a deposit seems harder than ever

High house prices relative to average earnings make raising a deposit a big barrier for first time buyers, a new study shows. A 20 per cent deposit...

New build sales fail to live up to frenzy seen elsewhere in market

Data released by Zoopla suggests that demand for new builds outside London remains above the five year average, but has failed to match the frenzy of...

Corporate agents miss out on their kids growing up, says hybrid rival

The head of a small hybrid firm that describes traditional agencies with offices as “antiquated” says property professionals working for corporates miss out on real life,...

Rightmove marketing boost to agents working in ‘happy’ locations

Rightmove claims to have found the happiest place in the UK - and it’s in Northumberland. The market town of Hexham has topped Rightmove’s annual Happy at...

Agents in part of the UK advised to work from home again

Estate agents and other workers in Northern Ireland are being urged to work from home "where possible" in a bid to curb the spread of Covid-19. Current...

Property sales plummet - but there’s nothing to worry about…

There’s been a dramatic 48.4 per cent fall in the number of property sales between September and October, reflecting the end of the stamp duty holiday...

Interest rate hike won’t hurt housing market, lenders claim

Figures from the Building Societies Association show continued momentum in the housing market, with gross lending by building societies up 22 per cent in the third...

Premier Properties' doorway decoration feels festive

We’re delighted to have received images of another agency’s fantastic - should that be Santa-stic? - Christmas decorations.  These images are from Alan Keddie, director of Premier...

Cyber-Attack: Agents must learn from Simplify IT catastrophe

Agents must have a robust plan in place in case they are subjected to a ransomware cyber attack, says the Guild of Property Professionals. Although it does...

Conveyancing IT Attack: gradual improvement reported by Simplify

The Simplify Group’s latest statement on the ongoing IT problem suggests a gradual improvement in services to agents and other clients. It was back on November 7...

Boomin upgrades SmartVal pledging it makes “everything easier for agents”

Boomin has revealed an upgrade to its SmartVal feature, which tries to blend real-time online valuations with local expertise from member agents.  The portal says over 40,000...

Politicians to set limits on second homes, with higher council taxes

It appears almost certain that there will be limits imposed on the number and location of second homes in Wales, following a deal struck by the...

Will surge in Equity Release help or hinder housing market?

The equity release market is on course for a record year after customers took out £1.049 billion in property wealth in the three months to the...

New transaction forms to be introduced in early 2022

Some 14 trade bodies in the estate agency, conveyancing, property management and surveying industries have jointly launched new upfront documents which will come into effect on...

Another London agency snapped up by firm on sale for £100m

Chestertons, which is itself currently on sale, has snapped up independent London Residential, a firm operating in the north west of the capital.  The deal, for an...

Police probe conveyancing cyber-crash as it begins third week

The police have been called in to investigate the ongoing cyber-security incident which has led to many firms in the Simplify Group being unable to process...

Too many homes built on at-risk floodplains, government told

The government should reset planning policy and scrap proposals for thousands of new homes in high-risk flood areas. The think-tank Localis, in a new report called 'Plain...

Blighted! Hundreds of homes on scrapped HS2 route turn agents angry

The scaling back of HS2 in the north of England, contained in the government's new Integrated Rail Plan, means hundreds of homes are lying empty and being...

Hybrid franchise agency opens ‘Not On The High Street’ office

A family franchise agency that prides itself on saving costs associated with traditional High Street premises has nonetheless opened a new office -  although it's in a...

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