STAY CONNECTED!
    
newsletter-button

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

Nationwide predicts 'drag' on transactions and prices for rest of year

The Nationwide is warning that a slowdown in household spending is likely in the near future, leading to a ‘drag’ on house buying and house prices...

Another fall in prime London prices as Savills downgrades forecast

Prime London house prices are now 5.3 per cent lower than at the time of the EU referendum admits Savills, following another fall in prices in...

Entries open for ground-breaking ESTAS Conveyancing Awards

Entries for the new ESTAS Conveyancing Awards are now open and you have just over a month to get nominations in for what promises to be...

More interest-only owners selling up, claims equity release operator

Estate agents are increasingly helping customers who have been forced to sell their homes to pay off interest-only mortgages ahead of looming repayment deadlines, an equity...

The nine week wait: sales fall through because of slow searches

Estate agents are angry over delays in processing land searches by a local authority in the south west. The average land search time by West Dorset district council...

Online platform aims to cut house buying time to ... just two days

A new PropTech venture aims to do what the ill-fated Veyo system failed to achieve -  creating an online platform bringing buyers, sellers, agents and conveyancers...

PropTech Today: UKPA, RICS and the vital need for open data

The UK PropTech Association (UKPA), of which I am a member of the steering committee, is an organisation with a purpose of representing and assisting companies...

General Election hurt demand and house prices, admits NAEA

The National Association of Estate Agents says the General Election led to a drop in the number of registered house hunters per branch by eight per...

New LonRes product aims to boost flagging new build sales in capital

LonRes has launched a new product which it says helps developers and agents ensure maximum exposure to previously untapped buyers. A new section of the LonRes database...

Independent agents' group carrying on - for now at least

The group seeking to represent independent agents says a recruitment meeting scheduled for tomorrow is carrying on despite growing doubts about the future of the organisation.   The...

Typical agent "light years behind" money launderers, security expert says

Estate agents complying with new anti-money laundering regulations introduced this week are unlikely to avoid falling foul of terrorists and criminal organisations, an expert claims.   Luca Primerano,...

Agents' new homes network to launch lead generation campaign this year

A network which helps estate agents win more instructions in the land and new homes sector is launching a lead generation campaign later this year.    The Land...

New housing minister to make first key industry speech this week

New housing minister Alok Sharma is set to make his first key speech this week, at the Housing 2017 conference in Manchester on Thursday.    Sharma’s appointment had been...

Anti-money laundering rules will slow buying process, lawyer warns

The new anti-money laundering regulations introduced this week will delay the routine buying and selling of homes, a lawyer warns - and they may cause headaches...

easyProperty says 500 new agency licences prove "naysayers" wrong

Over 500 members of the Guild of Property Professionals have requested an easyProperty licence following the merger between the two organisations.   The figure, revealed in a statement...

RICS debate urges industry to unite and simplify house buying process

A gathering of Royal Institution of Chartered Surveyors has called on the industry to unite and improve the buying and selling process for the public.   A Question Time-style...

Not just first timers - many 'second steppers' need parental help to buy

New research suggests the Bank of Mum and Dad is now helping so-called ‘second steppers’ - existing owners moving up the property ladder - as well...

New app launched offering news and views for rural agents

Fisher German is launching an app that will feature news feeds from the BBC, Farmers Weekly and from the agency itself in a bid to better...

Enjoy Glastonbury? Now one agent says it can boost house prices...

It’s the morning after the festival before for the 150,000 estimated revellers who enjoyed the Glastonbury Festival which drew to a close last evening - and...

Leading analysts fiercely critical of Guild merger with easyProperty

Two leading property analysts have written a fiercely critical assessment of the merger between easyProperty and the Guild of Property Professionals.   The merger, announced earlier this month,...

Over 285,000 use Help To Buy to purchase homes, says government

Figures released by the government suggest that over 285,000 people, including 240,000 first time buyers, have used one or more of the Help to Buy schemes.   The average...

Mortgage chiefs downgrade buy to let forecast for next 18 months

The Council of Mortgage Lenders’s buy to let forecast for 2017 and 2018 has been revised down from previous expectations at the end of last year,...

London price slowdown beginning to bottom out, claims Hometrack

The steep drop in price growth for homes across London is beginning to bottom out according to Hometrack, which says values will end 2017 some two...

Agents Do Charity - the longest list of heroes yet...

Today we’re publishing what we think is our longest-ever list of charitable activities being conducted by agents and their supporters - testimony to the unsung work...

Big rise in complaints and compensation says The Property Ombudsman

The Property Ombudsman’s annual report reveals a significant increase in the number of formal complaints resolved by the scheme and a record total of well over...

Consumer group criticises estate agency industry awards

A consumer group says it is giving what it calls “the top 1,000 estate agents in England and Wales” badges to display in their windows for...

Uncertainty over government 'aim' to streamline house buying process

The detailed paperwork accompanying the Queen’s Speech includes the Conservative party manifesto pledge to streamline house buying - but gives no details nor allocates any parliamentary...

Prime sector - London prices fall; agency rebrand; new office

Average prices in prime central London remained flat in May but are down 6.6 per cent on the year according to Knight Frank.   The agency says the...

Another report urges Bank of Mum and Dad to fund next generation

A new report, conducted by the Centre for Economics and Business Research for the financial services group Legal & General, claims almost 450,000 first time buyers...

Will it work? Owner bids to sell home via Facebook Live viewing

Online estate agency Housesimple says it is aiming to sell the first home in the UK via a viewing on Facebook Live conducted by the owner. The...

Another Guild link-up - this time it's with an online auction firm

The Guild of Property Professionals, which earlier this month merged with easyProperty, has now announced a new link up, this time with the online uaction service...

PropTech Today: Google building homes - another act of ultra-diversification

It was only a couple of weeks ago that I was writing about the Google City, in Toronto, and now the tech giant is making property...

Conveyancers set out their ideas for leasehold reform

A cluster of conveyancing and legal experts, known as the Legal Sector Group, has published a raft of proposals on leasehold reform. The leasehold sector has been...

Ad watchdog 'partly upholds' complaint over leasehold flat

The Advertising Standards Authority says it has “partly upheld” a complaint regarding a claim that a leasehold property was Sold STC. Greenslade Taylor Hunt - a firm...

Serious doubts over future of independent agents' group CIELA

The fledgling and highly vocal CIELA group says it is possible it may not launch this autumn after all despite months of high-profile comments by some founding...

Industry veteran Harry Hill slams "crass" housing minister appointment

Harry Hill - former chief executive of Countrywide and founder of Rightmove - has sharply criticised the appointment of Theresa May’s latest housing minister, Alok Sharma. In...

'Eye-tracking technology' reveals what buyers look at during viewings

A study using ‘eye-tracking’ technology has revealed what prospective buyers pay most attention to during viewings and shows critical differences between male and female viewers.  The study,...

Traditional agents won't disappear completely says Sarah Beeny

TV property expert and online agency owner Sarah Beeny says there will always be some sellers who prefer to use traditional agents - but she insists...

Foxtons says Brexit destabilising sales but allowing lettings to thrive

The managing director of lettings at Foxtons says Brexit and domestic political uncertainty have become ‘the new norm’ in the London property market. Ed Phillips warns that...

'Sales agreed up, but asking prices down' - Rightmove

The latest Rightmove figures show that the number of sales agreed by agents over the last month is up 7% when compared to 2016.   This is...

New NAEA and ARLA Propertymark presidents appointed

Industry trade bodies NAEA and ARLA Propertymark have announced the appointment of their new presidents. At an AGM on Friday, Katie Griffin was appointed president of NAEA...

Fledgling trade body partners with Feefo for pre-launch period

A trade body which has been founded to represent the interests of independent estate agents has partnered with consumer reviews platform Feefo. The Charter for Independent Estate...

Chain management tool helping agents to deal with onliners

An estate agent claims that chain management tool View My Chain has helped his firm to deal with chains involving online and hybrid estate agents. Darren Hunt,...

Luxury global agency brand expands in Italy as market recovers

Luxury global estate agency Sotheby's International Realty has expanded its operation in Italy. The firm has opened a new office in the Lake Garda region which will...

Online estate agent secures another £1.2 million in funding

Online estate agency Settled has raised £1.2 million in funding to further develop its product. Settled describes itself as a 'powerful digital alternative' to estate agents and...

Seller valuations now represent less than a third of the overall market

Just 27% of property valuations in May were requested by prospective home sellers, according to the latest data from Connells Survey & Valuation. The proportion of seller...

Agents agree on downsizer shortage but disagree over attachment theory

The vast majority of estate agents believe that not enough people are downsizing to free up family homes, according to conveyancing firm My Home Move. This is...

Agents Do Charity – even with sunburn

As the UK is gearing up for a weekend of BBQs, beach visits and sunburn, property professionals have continued to do their bit for a range...

Independent network launches campaign against 'call centre agents'

A network of almost 80 independent estate agency offices has launched what it calls a hard-hitting campaign against 'internet-based call centre agencies'. The Experts in Property -...

Purplebricks share price dips following California launch announcement

The share price of hybrid estate agency Purplebricks dipped yesterday after it announced its US expansion will begin in California. Purplebricks' share price started the day on...

imgcollapse