The number of agents reporting listings selling for under asking price has hit its highest level this year as Propertymark warns of a mismatch in the...
Estate Agent Today - Breaking News
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
A turning point? House prices rise for third successive month
House prices increased for the third month in a row during November but are still down annually, Nationwide data shows. The lender’s latest House Price Index shows...
Rightmove predicts 1% asking price drop in 2024
Rightmove is anticipating a 1% average drop in national asking prices by the end of next year. The latest forecasts from the portal suggests motivated sellers are...
Hat and Home launches snowman-themed Christmas video - send us yours
Forget John Lewis or Marks & Spencer, the latest Hat and Home Christmas advert has been released. (Well it was released last month but this editor has...
Jonathan Rolande: How to maximise success in the property market this December
As the temperature drops outside, it can be tempting to think activity in the market is likely to freeze out entirely. And, of course, there’s little doubt...
Gazeal unveils conveyancing partnership
Reservation agreement provider Gazeal has partnered with Optimus, Landmark’s panel of conveyancers to offer its services as an option for home movers. The collaboration aims to ensure...
Takeover Panel rejects OTM critic's review request
OnTheMarket (OTM) critic Brett Stone has failed to get the Takeover Panel to intervene in the acquisition of the portal by CoStar. It comes as OTM shareholders...
Trading Standards unveils latest material information guidance, but how will it be policed?
Long-awaited guidance on material information in property listings was revealed yesterday but policing of the rules won’t be any different, it can be revealed. The National Trading...
OTM critic targets asset manager in latest CoStar takeover attack
OnTheMarket (OTM) critic Brett Stone is still making last-ditch attempts to stifle a takeover of the portal by CoStar UK. Stone, a partner at private investment partnership...
CTS in final phase of tackling cyber incident
Legal infrastructure provider CTS has said it is on the last phase of tackling a cyber-attack. CTS said last week that it is “urgently investigating” a cyberattack...
Agents Do Charity - popping up for good causes
Welcome to this week’s Agents Do Charity, our chance to salute those who do so much to help others. If your agency is doing a little charitable...
HMRC: October property market activity hits two-year low
HMRC recorded the slowest October for property sales since 2021 last month. The latest property transaction figures from the taxman estimates that there were is 82,910 home...
Material information rules: Rightmove and The Guild launch agency webinars
A series of webinars have been unveiled to help agents prepare for new material information rules. Rightmove said it is providing a range of resources to help...
Trading Standards unveils latest material information rules for agents
The National Trading Standards Estate and Letting Agency Team (NTSELAT) has published the long-awaited Parts B and C of material information rules. New guidance has been issued...
Rightmove mortgages brings ‘significant implications’ for agents – warning
Rightmove’s entry into the mortgage market presents a threat to financial services leads, agents have been warned. The portal said in a trading update this week that...
Mortgage approvals hit three-month high but buyer caution remains
The number of mortgage approvals for house purchase has hit a three-month high, Bank of England data shows. Figures from the Bank reveal there were 47,383 mortgage...
Winkworth launches franchisee talent drive
Winkworth has launched a talent drive to find rising stars to build a career and a business within the franchise network. The brand said it is searching...
LRG poaches Alexander Hall boss to new role
Leaders Romans Group (LRG) has poached former Alexander Hall boss Tom Davies to the newly created position of group financial services managing director. Davies has already resigned...
Former eBay boss named chairman of iamproperty
Proptech firm iamproperty has named a former eBay and MoneySupermarket executive as group chairman. Mark Lewis is the latest high profile recruit following investment in the brand...
Homebuyers postpone purchase plans after ‘disappointing’ Autumn Statement
Around half of homebuyers will continue to postpone plans to purchase a property after the Autumn Statement failed to provide sufficient housing market support, research suggests. A...
OnTheMarket secures Glass Lewis backing for CoStar takeover
OnTheMarket (OTM) has secured more support for a takeover by CoStar UK. Proxy adviser Glass Lewis has given its backing to CoStar’s acquisition of the portal. It comes...
Collapsed portals boost PropertyHeads' growth
Property social network and listings website PropertyHeads has staked a claim as the number four property portal in the UK. While much of the sector focuses on...
Agents urged to check PI cover amid rise in cyberattacks
The Guild of Property Professionals is urging estate agents across the UK to be on high alert as cyberattacks targeting the property sector continue to surge. It...
New build demand hits record low
Buyer demand for homes in England has hit its lowest recorded levels since 2015, according to the latest House Builders’ Survey from the Federation of Master...
PropTech Today - Balancing AI innovation with the human touch
Large language models, machine learning, artificial intelligence, artificial general intelligence, and 'the singularity' change everything, but there again, they change literally nothing. I love technology and am...
Alto integrates with Bridge AI to reduce agency admin
Alto has unveiled a new integration with Bridge AI – a system designed to streamline communication with applicants through their preferred channels such as WhatsApp or...
Market share of self-employed agents ‘rapidly growing’ – research
The market share of self-employed agents has grown by a third in the past year and by 500% since 2018 even as online brands decline, new...
Asking price discounts hit five-year high - Zoopla
Agents and sellers are taking an average 5.5% discount on listings to secure a sale, new Zoopla data shows. The portal’s latest House Price Index shows homebuyers...
Rightmove signals move into mortgages as agency revenues rise
Rightmove is expecting more money from agents this year and is also looking to grab a slice of the mortgage market. A trading update from the portal...
Agent launches referral app to secure leads from the public
Self-employed estate agency brand iad UK has launched a consumer app that lets anyone earn money through word-of-mouth referrals. Propertips is an automated business referral app, free...
Independent agent acquire rival after owners retire
Pattinson Estate Agency has acquired a rival brand. The independent agency has announced the takeover of Ryedales Estate Agents, a well-established agency in Cramlington. There will be a...
The Guild hails success of virtual Autumn Tour
The Guild of Property Professionals successfully hosted its annual Autumn Tour virtually last week, allowing member agents from across the UK to participate in the event. The...
Long-awaited leasehold reform laws to be unveiled today
The long-awaited Leasehold and Freehold Bill is set to be unveiled in Parliament today. The Bill aims to make it cheaper and easier for existing leaseholders in...
Proxy share vote adviser backs CoStar OTM deal
Proxy adviser Institutional Shareholder Services (ISS) has recommended that shareholders back the CoStar UK takeover of OnTheMarket (OTM). The independent advisory firm said shareholders should vote for...
Conveyancers urged to check client files for cyber-attack risks
The Council for Licensed Conveyancers (CLC) has urged members to check their client files to see if they may have been affected by a cyber-attack that...
Street.co.uk and Global 4 partner to boost agency services
CRM provider Street.co.uk has unveiled a new partnership that will see technology firm Global 4’s 8x8 hosted telephony directory made available to agents. The integration means users...
Agency rebrands two years after takeover
Robinsons Tees Valley Estate Agents is changing its business name following a change of ownership that actually took place two years ago. The brand will become Smith...
LRG launches employee fertility benefit for staff
Leaders Romans Group (LRG) has launched a new staff benefit to support employees undergoing fertility treatment. The benefit allows staff time off - unpaid for those with...
Legal tech firm investigating cyberattack that could scupper sales
Legal sector infrastructure specialist CTS has said it is “urgently investigating” a cyberattack on its services that could impact property exchanges and completions. Hundreds of conveyancers and...
Lack of communication slowing down sale completion times - claim
Estate agents spend almost half their working day chasing or being chased for issues as a new report highlights concerns about communication within the housing sector. The...
Jonathan Rolande: A Prosecco rather than Champagne Autumn Statement
It wasn’t exactly a champagne statement. More like Prosecco. But, nevertheless, there are reasons to be cheerful in the wake of Jeremy Hunt’s speech in the Commons...
Agents Do Charity - strong foundations
Welcome to this week’s Agents Do Charity, our chance to salute those who do so much to help others. If your agency is doing a little charitable...
Rightmove launches consumer compliance course for agents
Rightmove has launched a course for estate and letting agents to help them understand and remain compliant with the Consumer Protection from Unfair Trading Regulations (CPRs). The...
Propertymark unveils 2024 regional conference dates
Propertymark has revealed details of its 2024 regional conference programme. The agency trade body said it will visit 19 regional locations next year and is even promoting...
Agency supplier wins franchising award
Agency Express has won the Franchisor of the Year – Gold award at the 2023 British Franchise Association (BFA) HSBC British Franchise Awards. The agency boards provider...
Autumn Statement: Treasury pledges £3m to ‘improve homebuying process'
The Autumn Statement ended up being silent on Stamp Duty reforms and direct housing market stimulus but there were some nuggets hidden in the Treasury’s documents...
OBR expects 7.6% 'peak to trough' house price dip
House prices will fall 7.6% 'peak to trough' by the end of 2024, the Office for Budget Responsibility (OBR) has claimed in its latest economic forecasts. The...
Agent sacked by eXp after TV allegations
Self-employed agency brand eXp has terminated the contract of agent Ian Wyn-Jones following allegations about his working practices. Wyn-Jones, who joined eXp in January 2021 and previously...
Agency sanction screening drops despite rising geopolitical tensions
Estate agents are among falling numbers of regulated firms that aren’t checking sanctions and politically exposed persons (PEP) lists, research suggests. A survey of more than 500...
Spicerhaart achieves armed forces accolade
Spicerhaart has been awarded the Ministry of Defence’s Silver Award in its Employer Recognition Scheme. The agency brand has achieved the title after positioning itself as an...