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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

Boomin to hold strictly confidential webinars in bid to woo agents

Boomin, the new portal being set up by the founders of Purplebricks, is holding a series of confidential webinars next week to woo agents.  The events, on...

Agents, conveyancers and movers pledge greater sales transparency

The cross-sector group looking at reforming the sales process has agreed a new pledge which it says introduces greater transparency for consumers as well as industry...

Storming Ahead - high end properties still flying off the shelves

Two reports this morning suggest that activity in the most expensive sectors of the housing market is doing as well as the frenzied mid- and lower-end...

New sleaze allegation against Housing Secretary Robert Jenrick

The Times has revealed new allegations concerning the behaviour of Housing Secretary Robert Jenrick. The Cabinet member has been under the spotlight for some months following revelations...

Agents Do Charity - a reminder we’re here to help through the virus

Hello and welcome to the latest ADC, your regular Friday round-up of great work being done by agents, suppliers and others in our industry. The news this...

Agencies and businesses offered new tax and jobs schemes

Chancellor Rishi Sunak has outlined his measures to help agencies and other businesses survive Coronavirus. His announcements - endorsed by both the CBI and the TUC -...

Propertymark names new leader for revamped organisation

Propertymark, which will from later this year combine both the National Association of Estate Agents and the Association of Residential Letting Agents into one body, has...

Will agencies benefit from Sunak’s new ‘after-furlough’ measures?

Chancellor Rishi Sunak today reveals his latest measures to help businesses - including agencies, suppliers and other parts of the property industry - to weather the...

Self-employed agency model booming claims high end brand

The frenzied housing market and the uncertain wider economic outlook during the pandemic have combined to lead to a surge in agents wishing to become associates...

Portal promotes “free money” referral fees despite industry probe

One of the many new portals recently launched has made a pitch for agents to join because of its referral fees - and it describes these...

New PropTech products aim to help transparency and Covid safety

New PropTech products continue to appear, many aimed at enhancing transparency in buying and selling, or helping agents adopt new ways of working. One such product, just launched,...

Vendors spend extraordinary sums each day to sell their homes

Vendors spend an average £41 a day for 144 days when selling their home - but some spend a remarkable £140 a day on average. GetAgent, which compares...

Agents work just two-thirds of their maximum hours - claim

Figures drawn up by a property industry recruitment guru show that estate agents work only two thirds of the hours they could - and that’s sizeably...

Record figures for leads to agents, claims free-to-list portal

One of the growing number of free to list property portals, Residential People, claims a record-breaking number of sales and letting enquiries in August. The figures suggest...

PropTech Today - why do PropTech companies fail?

I was giving an interview this week for an upcoming conference - yet another to convert from a physical to a digital offering - and they...

Agency behind Say No To Rightmove reveals High Street expansion

The regional agency group which master-minded the Say No To Rightmove campaign has made a big commitment to the future of High Street branches with a...

Government claims credit for housing market boom

The government claims its stamp duty holiday has supported nearly 750,000 jobs thanks to the ripple effect in the economy. A statement from HM Treasury says house sales rose...

Confirmed: Agents WILL have to wear masks in branch offices

Prime Minister Boris Johnson has announced that all retail staff will be obliged to wear masks when working - and it's now been confirmed that this applies...

Agents back Rightmove allegation of logjams in conveyancing

Two agencies have entered the debate on whether the current frenzied housing market is seeing delays in completions. Yesterday EAT reported that Rightmove had noted delays of...

Purplebricks and Foxtons lead share price falls amid Covid worries

Share prices for many quoted estate agencies and property portals fell in trading as fears grew about Coronavirus. London-focussed agency Foxtons was one of the larger fallers, down nine per...

Top agency emphasises importance of High Street branches

Connells Group has revealed seven appointments to its board of directors which it links directly with a target to grow presence and market share on the High...

Most owners believe their house price is static or falling - survey

A survey of over 2,300 home owners across the UK suggests market sentiment is mixed, with most doubting house prices have risen. The survey was conducted just before...

Independent expands with new branch in key south of England location

Independent agency Sawyer & Co has announced the opening of a new branch in the Preston Park area of Brighton - one of the south of...

Vendors Beware! Sales taking month longer than usual to complete

Logjams in the mortgage, conveyancing and removal stages of house moving mean sales are taking much longer than usual, according to Rightmove. The portal, in its latest...

Top agent becomes growth and compliance head in franchise group

The Property Franchise Group has named high-profile industry veteran Eric Walker as managing director of Martin & Co (South and Scotland).  Walker - who hinted of a...

Another agency group returns to Zoopla as portal celebrates growth

Another regional agency group has returned to Zoopla, attributing the move to the portal's “receptive audiences” amongst the house buying and renting public. Charters is one of the...

Franchise agency wants to sell £1m home for £1 - but with extras

A family-run agency which last year asked people to “make an offer” to buy a franchise is now claiming it will sell one vendor’s home for...

House ‘sold’ in six days with no agent fees, claims quick buy firm

A quick buy firm boasting it has ‘sold’ a home within six days also says it now takes 140 days on average to sell through a...

First time buyer affordability index may be most authoritative yet

A new league table drawn up by a property advice website may be the most authoritative yet for first time buyers who want to assess the...

Absurdities of council tax laid bare in new league table

The irrationality of Britain’s council tax system has been laid bare in a new league table drawn up by estate agency Coulters Property.  The agency’s research looks...

Third of sellers won't budge on asking price despite buyer requests

Almost a third of property sellers (29%) say they won't accept a lower offer for their property, according to new research. Online estate agency Strike reports that...

Anti-Money Laundering: FCA criticised over lack of enforcement

The Financial Conduct Authority (FCA) has been criticised for its lack of enforcement of anti-money laundering (AML) legislation so far in 2020. A Freedom of Information request...

Star agent capitalises on post-lockdown relocations with new business

A highly-experienced former Savills agent has launched his own buying agency focusing on the prime country market in Surrey. The new company, Richard Winter - Surrey Property...

Office to residential conversion: new development is 'vote of confidence'

The green light for a vacant office building in the capital to be redeveloped into residential housing has been given after it was acquired by a...

Agents Do Charity - during an Indian summer...

Hello and welcome to the start of the weekend and that means it's time for Agents Do Charity. Each week, we publicise the great work agents and...

No cuts: properties twice as likely to sell if asking price doesn't change

Property sellers are twice as likely to find a buyer for their property if the original asking price does not change, according to Rightmove. Analysis of over...

Forty year-old regional agency reveals new name and branding

A North East agency, which first opened in 1977, has revealed a new identity with a new name and fresh branding. Thirlwells will now be known as...

Auction march continues - record summer for UK's largest auctioneer

The strong performance of the auction market in recent months has been reinforced by the latest figures from iamsold, the UK's largest property auctioneer. The firm has...

Agents warned over dark web password sales and data breaches

Estate agents and small businesses are being warned to take greater care over passwords to stop hackers breaking into their systems. David Nicholls, managing director of Better-IT,...

Bucking the office trend: national agency secures huge Birmingham space

National property consultancy Carter Jonas has bucked the trend of remote working and closing branches to announce it has secured 12,000 sq ft of office space...

Agents tell Housing Minister to 'get empty homes back in use'

NAEA Propertymark has written a letter to Housing Minister Christopher Pincher, asking what measures the government is taking to get more empty homes back into use. The...

House price growth could be halted by oversupply of property

The strong house price growth experienced in recent months could soon be 'marred' by oversupply, according to Home.co.uk. The property website says the problem could be worse...

Independent agency launches new brand to honour former boss

Independent estate agency Heywoods has undergone a major rebrand in honour of its former boss Chris Stops. Stops, 57, passed away in June after being diagnosed with...

Revealed - worrying number of buyers don't know what conveyancers do

Almost two fifths of property buyers don't know what conveyancers and solicitors do, according to new research. My Home Move Conveyancing's survey of 1,500 purchasers, carried out...

Business Interruption Insurance: High Court rules in favour of agents

The result of a test case over Business Interruption Insurance involving agents has been handed down by the High Court. It has ruled in favour of the...

Stamp duty: 'Zero likelihood' tax rise for overseas buyers will be scrapped

A tax expert says that there is 'zero likelihood' of the government changing its mind on stamp duty changes for overseas buyers coming into force next...

Can iBuyer technology repair chains and reduce fall-throughs?

Ahead of the launch of a new iBuyer platform later this year, agents are being invited to attend two webinars hosted by the Guild of Property...

Auction PropTech startup aims to streamline legal process for buyers

A new PropTech startup is giving prospective buyers the opportunity to receive due diligence at a fraction of the time and cost of hiring a solicitor. Aucspace...

Market records summer holiday slowdown following post-lockdown boom

The property market experienced a slowdown last month as a result of more people going on summer holidays, according to the latest data from Agency Express. Its...

A third of home buyers denied a mortgage, new survey reveals

The scale of the problems facing many prospective buyers has been set out in a survey showing as many as one-third have been denied a mortgage.  On...

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