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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

Countywide 'encouraged by early progress' despite new income fall

Countrywide, the troubled agency group which today holds its annual general meeting, says it is “encouraged by the early progress that is being made in sales...

Transaction volumes now “a little scary” warns leading market analyst

Leading housing analyst Kate Faulkner says the current low transaction level is “a little scary” because with so few sellers, buyers are put off and so...

London homes now take 17 weeks to sell thanks to market over-supply

New figures from Hometrack show that a typical home in Greater London now takes 17 weeks to find a buyer - if it sells at all.  The...

PropTech Today: Selling my flat - community vs systems

I have total transparency. I love that.  I know how the portals are doing, I know how many people are clicking on my adverts, I see the...

Four agencies open new branches - including one in the Scandi-style...

Four estate agencies have opened new branches, either as a result of expansion or because of acquisitions. Homes4u has opened a futuristic branch in Manchester city centre’s...

Mortgage costs fall in first quarter of 2018, despite base rate worry

A new survey suggests that despite many lenders increasing their rates, most mainstream mortgages are down compared to the start of the year. For example, the cost...

Estate agency industry faces "worst staffing crisis for a generation"

The estate agency sector “is experiencing the worst staff shortages in a generation at a point when the property market is going through a very challenging...

The Property Ombudsman waives joining fee for redress rival’s agents

The battle to become the single ombudsman service after the government rationalises the redress system across housing has taken an unexpected turn. Now The Property Ombudsman, the...

GDPR Weekly: Unsolicited emails and letters - what do you need to know?

Coming into force on May 25, the General Data Protection Regulation (GDPR) - which replaces the Data Protection Act 1998 - is something which all businesses...

Agency hit by penalties because it didn't produce waste disposal paperwork

An estate agency has been ordered to pay £841 to a council - because it failed to provide paperwork about its waste. Anglowide Estates in Dagenham failed...

Study exposes how little first time buyers actually know about buying

A new study reveals precisely how little first time buyers apparently understand about the buying process.  In a survey of 500 people planning to buy their first...

Warning issued about "many years" before leasehold reform becomes law

A leasehold reform campaigning group is warning that “it is likely to be many years” before promised leasehold reform becomes law. Leasehold Solutions says it welcomes the publication...

War of words goes on between Purplebricks and allAgents

The long running spat between review website allAgents and hybrid agency Purplebricks reignited over the weekend following a Facebook post. A Purplebricks area manager posted on Facebook:...

Emoov woos developers with online package to sell new homes

Hybrid agency Emoov is now offering a tailored sales package aimed at attracting developers listing and selling new homes. Rather than paying a commissioned-based fee for each...

Property Jobs Today - who’s on the move in our industry?

Hello and welcome to this week’s PJT, the regular Monday update on who’s moving where within our industry. Let us know what’s happening with your colleagues and...

London homes to be raffled by start-up entrepreneur for £5 a ticket

A flat in Brixton is being raffled for £5 a ticket by a start-up entrepreneur who claims this is just the first of a series of...

Agency spills secrets about one of UK’s smallest and most exclusive markets

Scottish high-end agency Galbraith has revealed how one of the smallest and most exclusive property sectors in Britain - Scottish country estates - is moving increasingly...

ESTAS Awards 2018 winners announced - here are the results...

The scores are in and the results announced for the 2018 ESTAS Awards - and the winner of the coveted Grand Prix title is Nottingham-based agency...

Searches ‘very rarely the cause of delays in transactions’ claims industry group

An umbrella body representing search organisations says searches “are very rarely the cause of delays” in transactions. The Council of Property Search Organisations says recent statements from...

Purplebricks: the 25 questions asked of its customers

The assessment by an investment consultancy that Purplebricks sells some 76 per cent of the homes it lists may have made an easy headline, but the...

Average viewings per sale soar to 19, says buying company

The average number of viewings received by properties before a sale is agreed has risen from 11 in 2015 to 19 now. The data, from buying company...

Purplebricks finance chief quits to join US company

Purplebricks’ finance chief Matthew Farrow is reported to have left the company to join IT and cloud communications company Timico. Just over a year ago financial website...

Future:PropTech hits 1,200 delegates with new speakers and launches announced

The Future: PropTech conference takes place in under a fortnight’s time on May 2 and over 1,200 delegates have now been confirmed, coming from over 31...

Agents Do Charity - the best-foot-forward-in-the-sun edition...

It’s London Marathon weekend and it’s set to be hot, hot, hot for those agents and other brave industry folk running in this great event. It’s not...

Agents warn of two-tier market as London falls but rest of UK booms

Average house prices in the UK have increased 4.4 per cent in the year to February according to the latest official house price index from the...

High house prices and leasehold abuse are key worries for public - survey

Stubbornly high house prices and concerns over leasehold-related charges top the list of worries amongst the public about the housing market. That’s the view of the HomeOwners’...

Revealed - ye very first olde housing bubble...

The Henley Business School is often identified with cutting edge forecasts - but now it has revealed the history of what might just be this country’s...

Auction firm says first quarter sales show improvement on 2017

The UK’s largest property auctioneer says its first quarter’s sales figures for 2018 are ahead of those for the same period last year.  Auction House says it...

Big surge in equity release as more older owners choose not to downsize

There has been a big rise in activity in the equity release market based on data from the first quarter of this year. Owners aged 55 and...

99.98% of Purplebricks shareholders back new investment programme

Purplebricks has issued a statement saying that 99.98 per cent of its shareholders have backed the new investment to expand its services. At a general meeting held...

Agents’ qualifications will cut competition and increase fees - claim

Estate agent licensing will reduce competition, make buying and selling homes more expensive, and add another layer of red tape to people wanting to get a...

Tepilo and Homewise revise online adverts after watchdog intervenes

Online estate agency Tepilo and over-60s ‘life plan’ property sales service Homewise have been rapped over the knuckles following complaints made to the Advertising Standards Authority. Firstly,...

PropTech Today: Selling my flat part three - putting the onus on the individual

I’m writing this a week into my instruction decision. It has been a fascinating journey to date. As I discussed last week, I decided to put some...

Another regional agency chain rejoins ZPG, stays on Rightmove and OTM

Manning Stainton, one of the major estate agency chains operating across North Yorkshire, is to return to listing on ZPG. It will continue to list on Rightmove...

Surprise boost for housing market as mortgage volumes soar

Property purchases for buyers requiring mortgages reached 50,000 in February, the highest level for the month since 2007.  The data, from mortgage lenders’ trade organisation UK Finance,...

HouseSimple becomes first online agency to completely scrap upfront fees

Online agency HouseSimple has become a completely No Sale No Fee agency - and is thought to be the only online operator not to offer any...

Exclusive: high-profile housing research guru leaves Countrywide

Estate Agent Today can reveal that one of the industry’s best known research experts, Johnny Morris, has left Countrywide.  Morris joined Hamptons International in 2013, becoming head...

Buying agent claims she was offered bribe to secure a higher offer on house

A central London buying agent says she was once offered a bribe by an estate agent to try to persuade a client to submit a larger...

GDPR Weekly: Legitimate interest for estate and letting agents

Coming into force on May 25, the General Data Protection Regulation (GDPR) - which replaces the Data Protection Act 1998 - is something which all businesses...

Trial for man accused of assaulting estate agent in office

A man who is accused of assaulting an estate agent is to face trial. The Bournemouth Daily Echo reports that Marc Skelton, of no fixed abode, has...

Guild celebrates strong field for special ESTAS Awards category

The Guild of Property Professionals has given details of a strong field of potential winners in this week’s ESTAS awards.  This year the award ceremony, which takes...

Purplebricks comes out fighting on behalf of all online and hybrid agencies

Purplebricks has returned to the fray after recent controversies with a claim that home owners saved themselves over £140m in commission fees last year by opting...

Rightmove visits reach record highs - and so do asking prices

Prices of new-to-the-market property rose by a modest 0.4 per cent over the past month says Rightmove - but that’s enough to push the national average...

Property Jobs Today - who’s on the move within our industry?

Hello and welcome to this week’s Property Jobs Today - our regular Monday look at who’s moving where within our industry. You can share your news by...

“Red warning lights” for London and SE markets, warns website

A website that monitors house prices says “red warning lights are flashing as market conditions in London and the South East deteriorate”.  Home says prices in those...

Row rumbles on over Raab’s comments about immigration and house prices

The government has published data related to a claim by housing minister Dominic Raab, who prompted controversy last week by suggesting immigration had led to house...

Capital Gains change could create “compliance nightmare” warns tax expert

A proposal by HMRC to speed up HMRC Capital Gains Tax payments for residential property sales could create a “compliance nightmare.” The claim comes from Nimesh Shah...

Big rise in complaints to Property Redress Scheme ombudsman service

The Property Redress Scheme - one of the three government-approved redress schemes handling complaints about sales and lettings agents - has reported a significant rise in...

Hunters says recent franchisees have ‘beaten the market’

Franchise giant Hunters says independent agencies which joined the firm in recent years have typically beaten the performance of the housing market. Chief executive Glynis Frew, in a...

Mortgage numbers dip but market ‘stronger than in late 2017’

The latest mortgage snapshot from e.surv has reinforced recent claims from other sources that London’s housing market remains the most difficult anywhere in the UK. Yesterday the...

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