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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

Sales plummet thanks to Brexit and taxes says investment guru

Transactions across England and Wales in September dropped 7.6 per cent year on year while Prime Central London now sees fewer than 70 sales a week -...

Coup for OnTheMarket as it signs Britain's biggest franchise agency

OnTheMarket has this morning announced that franchise giant Belvoir will list all of its 300-plus branches on the challenger portal.  This includes the full range of Belvoir...

New online agency says it wants to expand across the UK

A new online agency says it is currently focussing on one large city but will expand to cover the whole of the UK.  Indlu calls itself “the...

Tragedy of estate agent’s death turns into the gift of life for others

An estate agent in London has received a posthumous honour as an organ donor. The Chiswick W4 Local news website says Jordan Walker - who worked as...

Hired not fired! Apprentice estate agents come a step closer

A new junior estate agent apprenticeship standard has been launched with skills being offered for residential, commercial and auction sectors. Created by an employer group led by...

Action pledged on mobile homes - but government gives no timetable

The government says mobile home residents are to receive greater protection from dishonest site owners seeking to make a profit at their expense - but there...

Fees Shock: Sole agency commission plunges 34% since 2011

New research by TheAdvisory consultancy, shared exclusively with Estate Agent Today, reveals exactly how fees have fallen for traditional agents in recent years. The key headlines are...

Rightmove: estate agents "really p****d off" says Emoov boss

Outspoken online estate agency chief Russell Quirk says the estate agency industry is “really p****d off” with Rightmove trying to ride two different horses in two...

Hubs not branches the future, says agent who rejected easyProperty

An agent in the Guild is launching a ‘hub’ style operation from December 1 and says the concept of traditional estate agency branches “is a little...

Second EU Referendum would help housing market, claims agent

A London buying agent has called for a second referendum on Britain’s EU membership, suggesting that it would give more certainty to the housing market. Caroline Takla,...

Cash buyers plummet - they're now only 30% of the market

Cash used to be king in the housing market but new figures released today show that in the first half of this year only 29.6 per...

Property Jobs Today - catch up with key moves within the industry

If it’s Monday it must be Property Jobs Today, your round up of the industry’s key moves. Are you changing jobs yourself? Or are there new faces...

Bailiff’s notice in agency window signals another London branch closure

Another high profile estate agency office in London has closed - this time a branch of Winkworth.  The Richmond branch has been shut for some days and...

Stamp Duty - is it as big a problem as we think?

Few things anger the industry more than the effect of stamp duty and other costs on property transactions (well, maybe Purplebricks is more provocative - but...

Valuation tool earns £363m commission for agents in two years

Almost one in five online sales valuations generated by The ValPal Network over a two-year period resulted in a completion with HM Land Registry. The ValPal Network...

What's in a domain name? Your chance to own Property.co.uk

What may just be the UK’s ultimate property domain names have come up for sale - property.co.uk and realestate.co.uk. Both domains, which have been in the same...

Agents Do Charity - and there isn't a backstop in sight...

Bored with Brexit? Baffled by the backstop? Troubled by the transition period?  Well here’s a promise - there’s no mention of the top political story in this...

Ditching the High Street and launching 'The Hub' pays off for Humberts

The estate agency group Humberts, which narrowly avoided collapse early this year, now claims to have turned around its fortunes thanks to the controversial ditching of...

Young online agency boss in the running for top entrepreneur award

Akshay Ruparelia, the young founder and head of the online agency Doorsteps, has been shortlisted for one of the most prestigious entrepreneurial awards in the UK. He...

Surge in overseas buyers ahead of latest stamp duty surcharge

A leading London estate agency is reporting a surge in overseas buyers sealing deals ahead of the government’s new stamp duty surcharge on foreign purchases. Prime Minister...

Taxi! New agency takes buyers for a ride (but in a good way)

A new estate agency has come up with a novel way of taking prospective purchasers around its patch - by using a London cab.  Suffolk Coastal has...

Market value of homes typically 59% higher than rebuild cost, claims insurer

An insurer claims there is a huge gulf between the cost of rebuilding a house and its market value because around two fifths of the market...

More market mayhem? Fall-Throughs rise as uncertainty grips buyers

The number of house sales falling through before completion is on the increase according to data collated by a home buying company.  Quick Move Now says there...

New portal claims to offer an alternative to part-exchange

A service which describes itself as an alternative to part exchange has been launched to facilitate sales to ‘corporate property buyers’. It’s called To Move Now and...

PropTech Today: Understand real estate robotics and we better understand tech

The last couple of weeks’ articles were penned very much for a specific agent readership, something I am trying to be sure to do most of...

Good news for first time buyers - terrible news for buy to let sector

Figures from the mortgage lenders’ umbrella group, UK Finance, suggest the government desire to see more first time buyers and fewer buy to let purchasers is...

'Slump City' house prices set to rebound, claims agency

A city’s housing market that suffered badly because of the collapse in North Sea oil prices is now likely to rebound as the energy industry emerges...

Another estate agency snapped up by ex-Countrywide team

London agency Stirling Ackroyd has announced its third acquisition in the course of a year. It’s only 15 months ago that Stirling Ackroyd itself was acquired by...

"Ridiculous" moving day delays hit almost one-in-five buyers - claim

Just under one in five buyers in the past two years have suffered moving day delays, either because funds have been late arriving with conveyancers or...

Agency drops traditional branch in favour of serviced office

An estate agency is moving from its traditional branch to new city centre serviced offices as it expands. East of Exe - which specialises in property sales...

Buyers 'taken for a ride' as new-build leasehold house prices soar

The cost of new-build leasehold properties has surged 16 times faster than freeholds according to research from property investment platform. The revelation comes as the government has...

Help To Buy - will it continue? (and does it deserve to?)

Is Help To Buy going to remain in existence for much longer? Question marks over the scheme’s future are being raised through a number of quarters with...

Purplebricks has 70% of UK online market and confirms expansion

Purplebricks says its performance in the UK “is currently showing double-digit growth year-on-year in monthly instructions.” In a brief UK trading update - attached to confirmation that...

Online agency smashes crowdfund target - with two weeks to go

Doorsteps, the online agency founded by a teenager, has raised over £700,000 - that’s 175 per cent of its original £400,000 target, and there are still two...

Whatever happened to the autumn price bounce? asks Rightmove

We’re sorry to be starting the week with more evidence of the housing market in the doldrums, but Rightmove’s latest index results do little to lift...

Property Jobs Today - all the industry's key moves in recent days

Hello and welcome to PJT, our weekly round up of key moves within the industry. Let us know what’s going on with your agency, supplier or property-related...

Price cutting ‘the new norm’ as supply outstrips demand

Price cutting is becoming the new norm as the market adapts to reduced interest from buyers, according to property listings platform Home.  It says a glut in...

Agents want help for existing leaseholders as well as new ones

The National Association of Estate Agents has welcomed the government’s move to ensure most future new-build houses are sold as freehold with ground rents for new...

Government to make new homes freehold with ground rents capped

The vast majority of new-build houses are to be sold as freehold with ground rents for new leases capped at £10 under new government proposals. Housing Secretary James...

Government unveils new body 'to raise agency standards'

The government has unveiled a new body which, it claims, will raise agency standards. There is a long-standing commitment from the government to reform and further regulate...

OnTheMarket 'not profitable until 2021, but share price could rise 35%'

One of the brokers working with OnTheMarket says the portal will not be profitable until 2021, but predicts that its target share price is 35 per...

"Queer kiss-in" held outside agency branch by LGBT campaigners

Activists from the Lesbian, Gay, Bisexual and Transgender movement are reported to have staged what they called a “queer kiss-in" outside a north London estate agency.  A...

Brexit to blame for two-year pause on growth in prime markets - Savills

Savills is warning that heightened uncertainty around Brexit negotiations will delay recovery in the prime central London housing market for up to two years. It adds that...

Read all about it: Property supplement publisher up for sale

Johnston Press, the company which owns the i national newspaper and some 200 local titles - many with property supplements carrying agents’ advertisements - is for...

Agents Do Charity - and if it's Friday, it must be fund-raising...

Hello and welcome to another Agents Do Charity - your opportunity to salute those in our industry working hard for great causes. If you drop an email...

Emoov chief calls for radical 'blend' of online and traditional agency models

The chief executive of Emoov, Russell Quirk, has suggested that the unexpectedly low take up of online agents may mean that it’s time to propose a...

Brexit and Carney are to blame for slowing house sales, claims RICS

The latest market snapshot from the Royal Institution of Chartered Surveyors suggests the number of properties on estate agents’ books is now nearing record lows - with worse...

OnTheMarket figures reveal staff growth and 'New & Exclusive' emphasis

OnTheMarket’s trading figures for the six months to the end of July show, as predicted, losses while the company is building its portal’s listing agreements and...

Revealed - what buyers should have checked on a viewing but didn't

A new survey claims to have found the five issues that prospective buyers wish they had checked out ahead of purchase but failed to do. Most of...

Agency sells home via first-ever Artificial Intelligence auctioneer

A platform which previously offered online private treaty exchanges says a sale of a home in the Republic of Ireland has been the first to use...

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