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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

Rightmove reveals how much money it makes from agents

Rightmove has revealed its figures for the full year 2020 - down in terms of profit and revenue because of the impact of the pandemic, but flying...

Boomin blasts Rightmove as bleak, broken and bloated

An open letter from Boomin chief executive Michael Bruce shows how fierce the competition is going to be in the portal field in the months and years...

Every Stamp Duty cliff-edge fall-through costs an agent over £4,000

New research from Propertymark suggests a typical fall through costs an agent £4,123.  The association says that if the stamp duty holiday - set to be extended...

Independent agents’ group reveals entry criteria for new members

The Federation of Independent Agents has released details of the entry criteria for agencies interested in joining the growing group. “We’re already recognised by the quality of...

Hundreds of agents sign up to free virtual viewings service

Zoopla says over 250 agents have now signed up to its partnership deal with PropTech firm FocalAgent, set up by former Purplebricks UK chief executive Lee...

Agents Do Charity…as we can see a roadmap to freedom…

Hello, welcome to our latest charity roundup, and as the weather improves and the vaccine roll-out lifts the spirits, so we have a larger than usual...

Bad Idea? Stamp Duty Holiday extension could backfire...

A prominent conveyancer has hit out at the extension to the stamp duty holiday, which is now ending in late June and not on March 30. “The latest...

Agents’ delight as stamp duty extension helps another 300,000 deals

Much of the agency industry has reacted with delight at the extension of the stamp duty holiday deadline until June. Rightmove estimates an additional 300,000 property transactions...

Reapit deal set to bring Australian PropTech to UK agents

CRM supplier Reapit, backed by private equity funding, has entered into an international deal to acquire a leading Australian PropTech provider - and it might bring...

Conveyancers call for less aggression in house buying process

A conveyancing trade publication wants those involved in residential transactions to be kind to each other - especially as the stamp duty holiday adds to the pressure. Today’s...

Popular agency websites supplier wins international PropTech funding

Agency websites supplier Property Webmasters has secured a substantial but undisclosed cash injection to expand internationally. The investment comes from Net Ventures and follows Property Webmasters’ recent deals...

Stamp Duty Holiday allows older owners give more help to younger

Older homeowners gifted an average of £42,500 to younger relatives to help them buy in the past year, according to new research. This is almost two-thirds of...

Industry veteran takes over Propertymark as interim leader

Propertymark has named a veteran industry figure as interim chief executive - and says it has a "new strategy." Nathan Emerson has some 30 years experience in lettings,...

Stamp Duty Holiday extension agreed - but is it a new cliff edge?

Chancellor Rishi Sunak will extend the stamp duty holiday deadline until the end of June - a three month extension. The lead story in The Times this morning says...

Connells says it's UK's leading agency even before Countrywide acquisition

Connells Group says it is the UK's largest estate agency group by market share - and that's before the Countrywide acquisition is taken into account. In a...

Stamp duty surge shows signs of weakening says HMRC

Transaction totals took a tumble last month for the first time since last summer as HMRC figures suggest the stamp duty frenzy is ending.  There were 98,830...

Controversial Modern Method of Auction wins £80k for Zoopla agents

Zoopla says it has so far delivered almost £80,000 in agent fees through its access to the Modern Method of Auction. MMA allows buyers to bid on...

Agents won’t lose investment buyers after SDLT holiday - claim

A new study suggests that the end of the stamp duty holiday should not significantly dent the purchasing pattens of buy to let investors.  Mortgage advisers’ opinions...

Conveyancing work output surges despite ‘creaking processes’

Conveyancing volumes rose 27 per cent in just one month as the sector attempts to cope with huge demand prompted by the stamp duty holiday. Data from...

Connells buys Countrywide - five reasons why it will be a success

The acquisition of Countrywide by Connells might just be the deal of the century in the British estate agency industry. That’s the view of Adrian Gill, former...

Boomin’s Michael Bruce says: “We’re ready to launch”

The Bruce brothers’ latest project, Boomin, is “ready to launch” some two months after it was expected to see the light of day. In a trade ad...

Covid-19 testing for agents available within days - government

A trade body says it’s been contacted by the government explaining how agencies can get Coronavirus asymptomatic testing for staff. The Guild of Property Professionals says the Ministry...

Fraudster agent escapes prison after scamming insurance company

An agent working for a Countrywide brand in Lancashire has been given a suspended jail sentence after being found guilty of scamming an insurance company for £25,000. Adam...

150,000 and rising! Stamp Duty Extension petition wins more support

The online petition which prompted a debate by MPs has now won the support of around 150,000 signatures. Typically public support for such petitions fizzles out after...

OnTheMarket to boost investment in new products

OnTheMarket says it’s going to increase investment in new products and services, and invest further in ‘internal website development resources’. In a trading statement to shareholders, the...

Foxtons in talks to buy rival London agency chain

Foxtons is in talks to takeover rival London agency Douglas & Gordon. A statement from Foxtons to shareholders this afternoon says: "Further to recent press speculation, Foxtons confirms...

Lobby your MP over stamp duty holiday extension, agents told

Propertymark - still reeling over two senior resignations in less than a week - says its lobbying sessions with politicians are influencing policy. It now wants to...

OnTheMarket trails in value-for-money portal league table

A report drawn up by a software firm analyses sales, lettings and valuation leads from agents listing on Rightmove, Zoopla and OnTheMarket - and the results...

One in eight sellers will pull out if they miss stamp duty holiday

Some 12 per cent of buyers will pull out of their transaction if it does not complete in time for their stamp duty exemption. That’s the finding of...

Agency claims it’s No 1 seller of prime central London property

An agency says it now sells more prime London properties than any of its rivals. Chestertons makes the claim based on figures provided by data company LonRes. Chestertons...

Portal hits record number of users since start of 2021

OneDome says it’s seen a surge in consumer activity in 2021, culminating in its two websites growing to a combined visitor total of 2.7m per month. In...

Biggest stamp duty savings identified by estate agency

A study by estate agency Coulters has revealed which areas of the country make the biggest savings courtesy of the stamp duty holiday. Currently the holiday will...

Scam Alert! Fake agent lists on Zoopla and joins redress scheme

A high-profile London agency is asking the police and property industry bodies including Trading Standards to investigate a fake company posing under a similar name. Base Property Specialists,...

Dexters wins private equity investment - NO it’s NOT been sold

Wild speculation about the sale of Dexters yesterday turned out to be plain wrong - and instead the company has landed substantial investment. Oakley Capital, a London-based private equity firm, has invested...

Ex-Reapit and ex-Boomin star joins Connells to spearhead tech drive

Former Reapit chief Gary Barker is to join Connells Group, just as the company is taking over Countrywide. Barker - who last year departed from still-to-launch portal Boomin...

Stricter EPC targets will deter buyers from moving - warning

Propertymark has slammed government energy efficiency proposals as being “unrealistic, too simplistic and could deter people from moving home.” A formal consultation process from government closed earlier...

Lawyers demand stamp duty action to stop dream homes being lost

The Law Society for England and Wales says it wants action now to prevent tens of thousands of  transactions collapsing at the cliff-edge end of the...

Agents Do Charity - and an agent with Covid raises thousands…

Hello and welcome to Friday, the day when we highlight agents’ great work to raise funds for good causes despite the continuing challenges of Coronavirus. As we await...

Game Over for Propertymark? What future after shock resignations?

Members of Propertymark are left wondering today what if any future there is for the industry’s trade body. The shock resignation yesterday of Tim Balcon comes four...

Sarah Beeny – Will she be returning to estate agency after Tepilo?

This week’s In Conversation Today interviewee needs no introduction. One of the property industry’s most recognisable names, she has been a familiar face on our TV...

Accountant steals agency cash leading to firm’s closure

An agent has told a court she was 'heartbroken' to discover her accountant had stolen cash from her business, which then had to fold. Kendra Jacob -...

London still dominates sales market despite ‘exodus to the countryside’

London still dominated the league table of locations with the highest volumes of sales by value in 2020, despite the apparent exodus to the countryside. An analysis...

Good news for first time buyers as lenders allow smaller deposits

First time buyers with just a 10 per cent deposit - for long almost excluded from the mortgage market - now find many more lenders competing...

How the other half borrow - wealthy purchasers denied mortgages

High net worth individuals are struggling when it comes to successfully applying for a mortgage, according to a lender.  Research by Butterfield Mortgages involving 2,008 adults, including...

Propertymark chief executive resigns after just four months

An announcement from Propertymark this afternoon says: The Board of Propertymark has accepted the resignation of its CEO, Tim Balcon. Following four months in the role Tim...

Who’s trusted more - Rightmove, Zoopla or OnTheMarket?

A survey of portal usage shows a low level of trust and customer satisfaction from agents, and a majority of agencies saying they will not use the soon-to-launch...

New Propertymark CEO Balcon stays silent on leadership resignation

The new chief executive of Propertymark has declined to answer questions relating to the resignation of the NAEA president only half way through her term. Kirsty Finney’s...

Six week stamp duty holiday extension would help 160,000

The Chancellor’s rumoured six week extension to the stamp duty holiday has been backed by Rightmove. Over last weekend the Daily Telegraph, quoting an unnamed government source,...

New self-employed agents must choose optimum PropTech tools - claim

Estate agents quitting companies and setting up on their own will prosper only by tapping into the most appropriate level of PropTech, it has been suggested. In...

Free welcome boxes available for agents to give to movers

A new service is offering agents free welcome boxes which can be passed over to buyers and tenants who move in. The boxes contain branded small treats...

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