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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

Stamp Duty chaos as new Chancellor denies he wants sellers to pay

If anyone thought a Boris Johnson government would be more decisive than Theresa May's when it came to housing policies, the last 72 hours may have been...

Countrywide takeover? Mystery firm considering a move, says report

A media report suggests a mystery ‘predator’ is attempting to acquire Countrywide.  The Daily Mail this morning, quoting unnamed “City sources,” says a potential buyer is considering making an...

Homes “stuck in the legal log-jam” reach five year high says Rightmove

Rightmove says the number of homes stuck in what it calls “the legal log jam” is at its highest for over five years. It says a key...

Property Jobs Today - all the late-summer moves in our industry...

Hello and welcome to the final PJT before September - yes that means summer is almost over.  Yet even during the holiday season there’s been plenty of jobs...

It's a fur cop: how a Zoopla listing landed a seller in court

Advertising on Zoopla is a must-have for most sellers but for Susan Tate in Anglesey it meant she ended up in court. For the photographs of Tate’s...

Brexit not deterring first time buyers - but mortgage length is soaring

Brexit is not deterring first time buyers this year according to an analysis by the Yorkshire Building Society. It says that despite huge political and economic uncertainty...

Purplebricks: an insider’s story of what it was REALLY like

A former Local Property Expert and manager at Purplebricks has gone on record to reveal what it was really like to work at the controversial company. Cameron Carter...

Average exchange of contracts takes over five months - claim

A sales progression tool is urging property professionals and consumers alike to do more to speed up typical transaction times, and claims that on average the...

Rawlings Roadshow pledges no-holds-barred inspiration for agents

Richard Rawlings’ annual roadshow opens on September 3 with the first of 17 stops across the UK, each giving a three hour presentation to agents -...

Here they are - the four regions where housing market slowdown is worst

The property website Home has identified the four regions of the UK where it says the current market slowdown is at its worst. Home analyses around 500,000...

Agents Do Charity… A real credit to the industry

What a credit to the industry so many agents, surveyors and suppliers are: this week’s ADC shows the diverse range of good causes that so many...

More portals needed to disrupt Rightmove and Zoopla says new rival

A free-to-list property portal says that contrary to opinion within parts of the agency industry, the more portals there are the better. Residential People - which says...

Tragedy as daughter of top industry supplier is found dead on holiday

The teenage daughter of the co-founder of telephone answering service Moneypenny has been found dead on holiday on Mallorca. Sky News reports that Josie Clacher was staying...

No Deal jitters batter housing market according to government figures

Average house prices in the UK increased by a mere 0.9 per cent in the year to June - the lowest annual rate since the Brexit...

Millionaire online agency owner says: 'Don't worry about exam results'

Akshay Ruparelia, the 21 year old who founded the online agency Doorsteps while he was still in sixth form, has called for a change to the “monotone...

Capital Crash: Some London prices 20% below 2014 peak, says top agency

Prime Central London’s average prices remain 20 per cent below their 2014 peak according to high end estate agency Strutt & Parker. “Stock remains stubbornly low and...

Off-market service launched in bid to combat sales slowdown

Prime London subscription-based property platform LonRes has launched an off-market service for its subscribers. It says that as transactions across prime London have slowed, so agents’ reliance...

Countrywide insider claims up to 250 branches may have closed

Countrywide’s branch closure programme, shrouded in secrecy even to shareholders, may have involved shutting 250 offices according to an insider. The individual contacted Estate Agent Today with...

Some homes worth 44% less than in 2008 claims comparison service

Some homes in the UK are now worth 44 per cent less than they were a decade ago, claims the estate agency comparison website GetAgent.  The site...

Modern Method of Auction firm has sold 16,500 homes in a decade

iamproperty, parent company of IAMsold, says it now works with 2,500 estate agency branches nationwide and has sold over 16,500 properties through auctions. Newcastle-based IAMsold is considered...

PropTech Today: three holiday books and why you might want to ignore them

This week, you find me in Italy. Now that we’ve entered that languid month of August, where all of real estate enters its four-week siesta, it’s...

Developer that offered its boss £75m asks the public what it thinks

Is this the ultimate in accountability or a desperate bid to win back public support for a company damaged by the leasehold scandal and fat cat...

Council takes 50 working days to complete a search

A London council admits that it typically takes 50 working days for a search - which means a Local Land Charge submitted today would be answered...

Agents slammed for “exaggerated valuations” and “disservice” to sellers

Estate agents have collectively been fiercely criticised for allegedly exaggerating valuations to win instructions, doing a disservice to vendors and not taking into account the damage...

Independent agency extends patch by acquiring nearby firm

A Leicestershire estate and lettings agent has expanded after buying Barrow Upon Soar-based Strawberry Lettings and Sales.  Berkley Estate & Letting Agents is an independent company which...

Agents say ‘staged’ homes sell three times faster - report

A property industry trade body claims 85 per cent of agents believes a ‘staged’ property sells three times faster than a non-staged home. The Home Staging Association...

Online agency says first time buyers no worse off than a generation ago

An online agency has struck out against the conventional wisdom that it’s tougher than ever before for first time buyers to afford to get on the...

OnTheMarket founder Savills ‘no comment’ on future return to Zoopla

Savills says it’s not commenting on whether it will list on Zoopla in the future. Last week Knight Frank - which in 2018 signed a five year...

Crowdfunding site used by agents claims “it’s business as usual”

A newspaper claims that a crowdfunding site used by some estate agencies and other property industry companies has suspended trading on a secondary market as it...

Property Jobs Today - the industry's latest moves and appointments

Yes it’s Monday, so it’s another edition of PJT, your guide to the key moves and changes in the agency and supplier industries. Please let us know...

Regulation of agents: government still pondering next steps

There’s been only a vague government response to the recommendations for an estate and lettings agency regulator. Last month the Regulation of Property Agents working group -...

Big jump in repossessions but lenders try to calm market fears

The number of owners' properties being repossessed jumped 15 per cent year on year in the second quarter of 2019. There were 1,270 repossessions of mortgaged properties...

Online agents undervalued, underpaid and 'not really self-employed' - guru

One of the most experienced and high profile figures in the industry says individual agents working for online companies are typically suffering from low income, struggle...

Brexit worries mean Savills’ UK residential profits plunge 44%

Savills, once a safe bet for year-on-year growth, has seen its underlying UK residential profits plunge 44 per cent with economic and political uncertainty caused by...

PropTech: Zoopla claims massive surge in number of app users

Zoopla claims its new app has a huge level of what it calls “user engagement” within a month of launching. It’s hit a total of 11.9m downloads...

Buyers advised to check charges and clauses in retirement schemes

A retirement development specialist is warning buyers on such schemes to beware unexpected clauses or restrictions which they may not have expected. John Lavin of Cognatum -...

Agents Do Charity - come rain, come sunshine, come storm

A distinctly autumnal storm seems to be gripping the UK for the early part of the weekend but as ever, nothing dampens the spirit of fund-raising...

OnTheMarket founder agency returns to Zoopla after five years

One of the agencies most active in the creation of OnTheMarket is trialling a return to listing on Zoopla after an absence of five years. A report...

Index claims house prices rose six per cent in ONE month alone

A new house price index that in June predicted big house price rises over the summer has now repeated its claim, and says there will be...

Good News: Agents’ fees not considered a key worry for consumers

One of the largest surveys of housing concerns amongst consumers suggests that agents fees - once a major issue - is no longer of great significance. The...

Buyer must explain how she bought six properties worth £3.2m

A Northern Irish woman with suspected links to serious organised crime has been ordered to explain how she financed the purchase of six properties worth £3.2m...

Halifax dismisses rumours of a housing market downturn

House prices fell unexpectedly for the second month in a row in July according to the Halifax - but the mortgage lender insists that speculation of...

Gloomy outlook for prices and sales volumes in latest RICS report

The latest survey from the Royal Institution of Chartered Surveyors suggests that last month’s optimistic assessment of the housing market has gone into reverse. RICS says that...

Zoopla tool will capture leads from Facebook and Instagram

Zoopla is mining data from users of its website to target sellers on Facebook and Instagram, producing leads and making it unnecessary for agencies to use external marketing firms. The portal...

Treasury grabs record Capital Gains Tax after buy to let sell-off

A record £8.2 billion was paid in Capital Gains Tax in 2017/18 - over £1 billion more than the year before.  The figures comes from private wealth...

PropTech Today: why are the wrong people driving our innovation agenda?

I wrote last week about Keller Williams and how their leader, Gary Keller, is doing an admirable job of driving innovation through the company by leading from...

Stamp duty uncertainty could bring market ‘to a grinding halt’ says online boss

Speculation surrounding whether Boris Johnson will honour his pledge to reduce stamp duty risks bringing the housing market “to a grinding halt” warns the head of...

Boris Johnson urged to legislate against tiny ‘Hobbit Homes’

A leading figure in urban design is urging new Prime Minister Boris Johnson to stand up for the pioneering space standards he introduced as London Mayor. When...

Property Tax reform - don't stop at stamp duty, Boris Johnson urged

Prime Minister Boris Johnson has been urged to go further with property tax reform and not just stop at reducing stamp duty. London Central Portfolio - an...

London alarm - more price and supply problems hit prime areas

Despite optimistic reports on prime London’s housing performance from some sources in recent weeks, figures from subscription service LonRes paint a familiar downbeat picture. LonRes splits prime...

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