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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

Digital Earthquake as agents shift spending from portals to websites

A leading industry supplier says there’s been a jaw-dropping 495 per cent year-on-year increase in digital spend from agents - and that may be bad news for...

Portal Charges: cost-per-lead idea for new-build listings

Zoopla says house builders “are at the heart of everything we do” and it is revamping its New Homes marketing offer to woo them to use...

High profile agency chief steps down after 40 years in the business

The group chief executive of south east England’s largest independent agency is retiring. David Lench of Arun Estates has revealed that he is to step down this summer...

ESTAS 2021 - shortlist unveiling begins today at 4pm...

The ESTAS Awards ceremony is traditionally held each May but no prizes for guessing why this year, as with 2020, things will be different. Now the industry’s...

Propertymark chair takes up leadership role in Conveyancing body

The interim executive chair of Propertymark has now taken up a leading role in The Conveyancing Association Nicky Heathcote is becoming the non-executive chair of The Conveyancing...

Agents Do Charity - Carlisle to Zimbabwe via Yorkshire and Brum

Hello and if it’s the end of the week it’s time for Agents Do Charity -  your opportunity to respect all those doing great fund-raising. Come along...

Capital Gains Tax fear for properties with dedicated home offices

An agent has contacted Estate Agent Today to issue what he calls “an urgent alert” about the risk of Capital Gains Tax being levied on the...

Ambitious agency’s new branch is start of long-term national growth

London-based estate agency Orlando Reid is opening an additional office in Manchester - the start of a long-term growth programme for the company. Orland Reid has already...

Purplebricks reveals team taking over from departed sales boss

Purplebricks has revealed how it’s going to fill in following the departure of chief sales office Chris Beckwith last week for personal reasons. “He has decided he...

London agony goes on as sales in prime central area hit record low

The Prime Central London pain throughout the pandemic can be seen by new figures just released by an investment consultancy, showing the lowest volume of annual...

Agents invited to end their “misconceptions” about digital auctions

Estate agents are being invited to a webinar to end their apparent “misconceptions” about the controversial Modern Method of Auction. MMA has been criticised by some consumer...

Demand for prime country houses goes through the thatched roof

The so-called race for space as the pandemic drives buyers to reconsider their lifestyle options has led to prices for prime country houses in the regions...

Mortgage lending soars as stamp duty buying boom goes on

Mortgage lending has shown the biggest net increase on record according to the Bank of England.  Mortgage borrowing in March rose by a net £11.8 billion pounds,...

Stock shortage crisis as listings now down by 25 per cent

Parts of the UK property market face a supply shortage with a quarter fewer properties listed for sale in England and Wales in March this year...

Tragedy as footballer turned estate agent dies aged 58

A well respected professional footballer who became an estate agent in his adopted home town has died at the young age of 58. A statement by Shrewsbury...

Rejected - vast numbers of first time buyers turned down for mortgages

One one in five first time buyers have been able to get a mortgage on the first attempt over the past 15 months - a huge...

Politicians told: Do your bit for homes, owners, buyers, renters

The new Mayor of London, to be decided in an election tomorrow, has just received a six point set of demands from Propertymark. The Mayor - currently...

Agents rush to get qualified as restrictions start to ease

Propertymark Qualifications is reporting a surge in exams being taken and booked as restrictions ease allowing test centres to reopen. Since they were allowed to resume operating...

Rightmove wins! Hundreds of millions wasted trying to beat it - claim

One of the world’s leading analysts of portals has warned Boomin, OnTheMarket and others challenging Rightmove - millions have been spent so far on the attempt,...

Stamp Duty ‘not key factor in housing market now’ insists agency

A leading agency says the stamp duty holiday is not a big influence on the current housing market frenzy - and it hasn’t been for months. Getting...

Soaring house price index show market boom goes on

House prices are 7.1 per cent above their level a year ago as the boom continues. The latest house price index, from the Nationwide, says it’s still...

Agency is UK’s first to white-label sales-streamlining app

Century 21 UK is the first agency in the country to white label an app which covers transaction components from property viewings to signing documents to...

Urban Flight - move to rural homes only for well off, says think tank

A think tank claims that ‘urban flight’ - when people leave cities and head for towns and villages - is merely a pipedream for less well off...

RICS governance crisis - Leading lawyer wants your views

The independent review into the governance of the Royal Institution of Chartered Surveyors is calling for comments. Earlier this year RICS was the subject of allegations, chiefly in...

Free anti-money laundering training for Rightmove member agents

The anti-money laundering compliance service that is now part of data company LonRes is holding a training session for Rightmove member agents. The FCS Compliance webinar is...

Urgent warning to agencies over repayment of Coronavirus debt

There’s a new warning that the estate agency industry may be in a more fragile financial condition than before the pandemic, despite the buying frenzy of...

Agency Consolidation - Rival commuter belt brands join forces

Hertfordshire based agency Ashtons has acquired an independent agency operating in the same county, Aitchisons Residential. Aitchisons’ offices in St Albans and Berkhamsted will now join Ashtons’...

The Homesearch portal 12 months on - the inside story

This time last year the industry was awaiting the launch of a new portal - the free to list public site proposed by data consultancy Homesearch. At...

New Property Tax - consultation begins on 'cladding' tax proposal

The government has launched a formal consultation process on a new residential property developer tax which is to contribute towards cladding repair work.  The proposed tax would...

Revealed - what buyers look for when viewing properties online

Online agency Strike has used specialist eye-tracking software to analyse what attracts a buyer’s attention when scrolling through homes online — and what aspects of home get...

Agents Do Charity - now, where are my Plus Fours?

Hello and welcome to Agents Do Charity as we are on the threshold of May why not get on to the golf course? Or get running?...

Top Agency’s New Idea - selling houses is NOT the top priority

Britain’s second largest estate agency has outlined radical new plans to shift direction, making financial services and not sales or rentals its future primary activity.  LSL Property...

New guidance to agents over Dual Fees and vendor dis-instruction

Agents are being advised on what course of action they should take to safeguard their right to fees should they be dis-instructed by a vendor. The Guild of...

Nicky Stevenson – how do we encourage more women into senior roles?

In this week’s In Conversation Today, I chat with Fine & Country UK’s managing director Nicky Stevenson, one of the most high-profile and senior female figures...

Warren Buffett UK agency empire expands with historic acquisition

The UK affiliated agency of Warren Buffett’s global real estate company has acquired a historic independent company operating in prime central London. Berkshire Hathaway Homes Services Kay...

Appeal to self-employed agents to join hub-style operation

One of the earliest London agencies to adopt a hub-style operation with self-employed agents working on a high commission basis, has announced an expansion. Harding Green was...

Conveyancing: what can be done? Answers expected today…

Propertymark is staging a webinar today tackling the challenging issue of conveyancing - just as the market is at its busiest for years, with pressure on...

Ex-Foxtons man slams “relentless culture” of some agencies

A former senior Foxtons and Douglas & Gordon agent has hit out at “the relentless key performance indicator culture” of some agencies. Matthew Thompson has quit Douglas &...

Stamp Duty Petition: should holiday apply when contracts exchange?

A new petition has been launched asking the government to make the stamp duty holiday apply when contracts are exchanged, rather than at the point of...

Furlough funding refunded to government by major agency group

Another major agency group has agreed to repay substantial sums it claimed under the government's Coronavirus Job Retention Scheme, introduced to help companies through the pandemic. The...

Hybrid EweMove booming with sales and pipeline soaring

The Property Franchise Group’s hybrid agency EweMove more than doubled its income in 2020 to £5m, according to a statement to shareholders.  The sales agreed pipeline at...

Increased focus on financial services helps LSL’s strong figures

An increased focus on the provision of financial services has helped boost the trading figures released today by LSL Property Services, owners of Reeds Rains and...

Records tumble as agents see soaring demand hit reduced stock

One in six properties sold for over the original asking price last month, higher than the proportion in February and another sign of the frenzied housing market.  The...

Land Registry says info change will speed applications

New Land Registry rules mean conveyancers and solicitors must have written evidence to show they have tried to resolve a request for information before an extension...

Is this the beginning of the end for the portals?

It’s hard to remember a time at any point in the last 20 years when agents have been looking for a way to remove their reliance...

Two of UK’s largest agency groups in mortgage link-up

The Property Franchise Group and LSL Property Services are linking up mortgage and related activity. This agreement means that LSL will be providing digital and face-to-face mortgage...

Ditch digital - use handwritten letters to win business, say agents

The estate agency industry is besotted with digital canvassing to try to win business - but that’s the wrong approach to take right now, according to two...

High profile agency adopts franchise system for major expansion

Independent estate agency Dacre, Son & Hartley plans to significantly grow its franchise network across Yorkshire and beyond. Dacres currently employs 125 property professionals across its residential,...

Agents’ performance measured by PropTech firm’s new dashboard

Software provider Rex has launched three new live dashboards for agencies, one of which covers agent performance. Rex says the dashboards - which also cover current inventory...

Boom! One in every 50 homes in UK has been sold this year

New figures from Zoopla today emphasise just how frenzied the housing market remains. Here are the figures: - so far in the first 15 weeks of this year...

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