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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

Strong trading update from Hunters, despite Norfolk troubles

National franchise giant Hunters has delivered a strong trading update, despite what it describes as 'challenging conditions'. Earlier this week, it was confirmed that 21 jobs have...

PropTech Today: 'We’re no longer real estate' says world’s largest real estate firm

Co-Founder Gary Keller has declared that Keller Williams (KW) is, 'no longer a real estate company...we are a technology company No. 1'.  As one of the world’s...

The ValPal Network launches products to make membership 'cost-positive'

A network of agents representing over 800 brands with over 4,000 branches has announced the launch of a host of new products for its members. The ValPal...

Digital-savvy movers favouring specialist conveyancers over local solicitors

Home movers are opting to use specialist conveyancers over local solicitors, according to new research. Conveyancing software firm InfoTrack says 43% of movers last year chose a...

Councils aim to address housing crisis with home ownership register

Three councils are encouraging local residents to sign a new register which aims to bring more quality homes for sale to the local area. Weymouth & Portland...

Ten-year fixed rates on the up as early interest rate rise looms

Over the last few weeks, mortgage lenders have started to adjust their pricing in anticipation of a further interest rate rise by the Bank of England. This...

GDPR Weekly: Taking the first steps towards compliance

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

Over 20 jobs lost as Hunters' Norfolk franchise goes under

Administrators have confirmed that 21 jobs have been lost due to the collapse of Hunters' franchise in East Anglia. At a creditors' meeting yesterday, Kudos Residential -...

Free service allows agents to advertise listings 'before leaving appraisals'

A new PropTech platform is providing a service to help agents market their new listings instantly across portals and social media. BestAgent says it can help agents...

Irish online auction firm names the date for first UK sale

Online auction house BidX1 has launched its first UK online auction following its acquisition of London-based auctioneer Andrews & Robertson. This is part of what BidX1 calls...

Average property selling for £10,000 over asking price, says Scottish portal

Scottish portal s1homes.com has reported that the average property in Scotland sold for £10,000 higher than its asking price during the final quarter of 2017. Analysing what...

Rightmove's best-ever visitor total indicates strong start to 2018 market

Rightmove says it has enjoyed its highest ever monthly number of visitors - 141 million in January. They spent a total of some 1.1 billion minutes on...

Struggling housing market blamed for falling conveyancing workload

Conveyancing volumes shrunk by 12 per cent last year, the first annual drop in workloads since 2011 - and the struggling housing market is being blamed. The...

Share price bounce reverses OnTheMarket’s post-float losses

OnTheMarket’s share price starts the week at almost exactly the same level as it was floated after a significant bounce-back on Friday. It closed on Friday at...

Mobile thieves target London agency branch for smash and grab burglary

The Putney office of estate agency Century 21 has been targeted by two thieves, one on a moped the other in a car.  The incident happened at...

Property Jobs Today - the latest news about agents on the move

Hello and welcome to the latest Property Jobs Today, our round-up each Monday of key job moves within estate and letting agencies and support positions in...

Consultation underway on first time buyer duty relief in Scotland

Scotland is considering giving first time buyers relief or exemption from Land and Buildings Transaction Tax - the replacement for stamp duty north of the border. The...

Government launches surprise consultation on property redress

The government has launched a surprise consultation on the creation of a new redress system for customers of agents and others in the property industry. In a...

OnTheMarket signs up 81 new listings agreements in first float week

OnTheMarket has told the City this morning that it has already signed up 81 new listing agreements by 5pm yesterday, completing the first week following floatation.  “There...

Online agencies' market share has increased 58% in one year - claim

A lengthy analysis of the online agency sector, based on material supplied by an online agent, suggests that its market share has risen 58 per cent...

Agency calls for EAT readers’ help after car crashes into office - twice

An estate agency has started a petition to get bollards erected outside its branch after two accidents, in each of which a car crashed through a...

Ex-Countrywide agent flocks to senior role at EweMove hybrid agency

EweMove has made a senior hire in the shape of Chris Webb, formerly of Countrywide and Winkworth.  He now takes up the role of performance director at...

PropTech: Online agencies the likely target for new investors in Pi Labs

One of the largest investment firms in the United States has taken a stake in the London-based venture capital firm Pi Labs. Pi Labs launched in 2014...

Agents Do Charity - running, cycling, painting and jet-washing...

Thanks once again for your contributions to this weekly round-up of agents’ good works; we love covering these stories which show a positive side of the...

OnTheMarket defiant after founding agency's high-profile return to Zoopla

OnTheMarket remains defiant despite the decision of Douglas & Gordon, one of its founder agencies, to list once again on Zoopla and Primelocation.  An announcement by ZPG...

Online agency platform claims it gets an average 98.6% of asking price

An online estate agency brand launched a year ago by a traditional high street agent to ward off competition has exceeded expectations according to its founders.  Mark...

Countrywide's earnings could be lower than expected, warns Jefferies

City broker Jefferies is warning that Countrywide’s earnings as calculated through the EBITDA measure could drop to as little as £50m - down from an estimate of almost...

Yopa follows other online agencies with launch of No Sale, No Fee option

Yopa, the online agency with financial backing from Savills and LSL Property Services, is the latest online firm to launch a No Sale, No Fee option. Emoov...

First time buyers "back to the market in a big way" claims agent

The number of first-time buyers has increased 16 per cent in the past month and 10 per cent year on year according to figures released from...

OnTheMarket founding agency returns to Zoopla

One of the founding agencies behind OnTheMarket has returned to listing on Zoopla. A statement from ZPG, parent company of Zoopla and PrimeLocation, issued this afternoon says: ...

Advertising watchdog rules on another complaint about Purplebricks

The Advertising Standards Authority has ruled on another complaint lodged about Purplebricks. Although the latest appears minor it adds to a lengthy list of complaints about the hybrid...

PropTech Today: Agents don’t hate agents, so stop stirring the pot

And now, as if the friction between property and PropTech wasn’t difficult enough, estate agents are turning on estate agents.  We are all collectively trying to find...

So much for a slowing market - house prices are up more than expected

Despite a string of property pundits suggesting the market is slowing down, new figures from the Office for National Statistics show a gentle increase.  Prices increased 5.2...

Don't bend the rules - Uri Geller promotes lottery of new-build flat

Readers of a certain age may remember the spoon-bending eccentric Uri Geller, self-proclaimed friend of Michael Jackson and an almost permanent fixture on TV shows in...

Winkworth opens two out-of-London branches with new franchisees

Franchise giant Winkworth, which opened seven new branches in 2017, has announced two new office openings this month.  They are at Banstead in Surrey and Poringland in...

TV ad campaign to emphasise online agency's 'full service' for sellers

House Network, which describes itself as the UK’s first online estate agency, is using TV advertising to promote a new "20-point customer promise”.  The agency started in...

Purplebricks ads confront 'best price' issue and mock High Street rivals

Controversial new Purplebricks advertisements on social media mock traditional estate agents who “twiddle their thumbs” in offices and claim the hybrid agency is incentivised to get...

Property deals account for one-third of all money laundering alerts

Almost a third of all ‘Suspicious Activity Reports’ concerning possible anti-money laundering infringements and reported to the National Crime Agency have involved property deals. Figures from data...

Agency claims prime central London market has bottomed out

The latest data from Knight Frank suggests that average prices in prime central London dropped 0.7 per cent in the year to the end of January. The...

OnTheMarket share slide takes its market capitalisation to under £90m

OnTheMarket’s share price fell just over five per cent yesterday, continuing its troubled launch on to the London stock exchange. It lost around 10 per cent...

Tepilo unaffected by Trinity Mirror's swoop on Northern & Shell

Tepilo has told Estate Agent Today that it will be unaffected by the sale of Northern & Shell Ventures’ publishing activities to the rival Trinity Mirror...

OnTheMarket said to have lost 19% of listings - and 10% share price

The bank Morgan Stanley says OnTheMarket’s listings have fallen 19 per cent in the past year. In a note to investors issued on Friday - the day...

Bad news for Purplebricks? New analysis favours traditional agencies

Traditional solicitor estate agents north of the border have a higher success rate than any other estate agency model. The claim comes, perhaps unsurprisingly, from the Solicitors Property...

Property Jobs Today - our weekly round-up of agents on the move...

Hello and welcome to Property Jobs Today; this is the latest of our weekly round-ups of key job moves within estate and letting agencies and support...

ZPG claims record January traffic across digital platforms

ZPG has revealed that it had 58m visits to its property websites, Zoopla and Primelocation, last month. This is 10 per cent up year-on-year with mobile devices accounting...

Price falls spread from London to two other regions, says LSL

House price falls have been recorded in London, the South East and the North East according to data from LSL Property Services, analysing the market in England...

Exclusive: Top London agent joins 'freelance' agency project

Estate Agent Today can exclusively reveal that well known London estate agent Patricia Farley has joined the new ‘freelance’ agency Harding Green. Farley has enjoyed a long...

All eyes on Agents' Mutual as it floats on London stock market

All eyes are on Agents’ Mutual’s first day of trading on the London stock exchange - just over five years after the company was first formed. The...

Connells Group claims 22 per cent rise in new homes instructions

Connells Group - which includes Connells, Sequence and other brands - says it recorded over 9,000 new homes sales in 2017. This represents a 15 per cent...

40 per cent increase in new vendors coming to market, agency claims

There has been a 40 per cent increase in new vendors registering their properties for sale according to an online estate agency which monitors the wider...

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