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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

New group fighting for independent agencies wins big early support

A new group called the Federation of Independent Agents has been set up as a network of like-minded independent agents who can collectively enjoy some of...

Brexit backfires as it brings in flood of foreign buyers - new figures

If anyone thought Brexit may allow domestic buyers a bigger share of the market, think again: no fewer than 57 per cent of homes purchased in...

NAEA conference just "old white men with grey hair" says online boss

The head of an online agency has accused the National Association of Estate Agents’ conference of being “a sea of old white men with grey hair.” The...

Humberts claims that 'risks we took in 2018 are paying off in 2019'

The radically-restructured Humberts estate agency claims the risks it took last year in scrapping branches and moving to ‘hubs’ has paid off handsomely. The statement does not...

Property Jobs Today - all the latest moves (and a cake)

Hello and welcome to this half-term week’s PJT, your regular Monday opportunity to catch up with the key personnel changes in the industry. If you’re on the...

Homes are more affordable as wage growth outstrips price rises

The latest Rightmove price index suggests that homes are at their most affordable level for some years thanks to wage growth handsomely exceeding increases in the...

Agency launches specialist Help To Buy team

Property consultancy JLL has launched a specialised Help to Buy team in response to what it calls “the increasing demand for properties offering Help to Buy...

Is Savills about to be snapped up by US real estate company?

The Daily Telegraph has gone public with City speculation that Chicago-based real estate consultancy JLL may be interested in buying Savills. Both JLL and Savills are primarily...

Buying reform backed by conveyancing chief but government 'must get it right'

One of the country’s leading conveyancing chiefs has given his support to reforms to the house buying process. But Rob Hailstone - chief executive of the Bold...

Bye Bye Boards? Council considers blanket ban on all For Sale/To Let signs

A London council is considering a borough-wide ban on agents’ boards of all kinds. Labour-controlled Camden already has a ban for a limited period on specific roads,...

Scandal at surveying firm as court orders bosses to repay £182,000

A husband and wife pair of directors at a property valuation and surveying company have been ordered by the courts to pay back £182,000 having abused...

Agents Do Charity - thousands more raised for good causes

Hello and welcome to yet another Agents Do Charity - our tribute to the great work done by our industry in raising funds for good causes. Everyone...

Online agency business tries to avoid Emoov fall-out with ‘realistic’ crowdfund

The first major estate agency business to launch a crowdfunding bid since the controversial collapse of Emoov has emphasised its “realistic” valuation to potential investors. Appropriately enough...

Downbeat official house price figures - but do they show today's market?

Government figures show the UK’s annual house price growth now being down to 2.5 per cent - the lowest rate since July 2013. The official UK house...

Absolutely Love-ly: can any agency match this beautiful display?

It’s Valentine’s Day (have you remembered?) and at least one agency has decided that it’s pretty in pink to celebrate the special occasion. The Wetherell agency in...

Buy to let slump leads to small dip in prices of flats and maisonettes

The average prices of flats and maisonettes bucked the trend by falling very slightly in the year to December, according to official figures. The drop - just...

Buying service to focus on doer-uppers and pledges capital appreciation

A design and renovation business has set up a property sourcing business which will find homes requiring renovation. What’s more, it claims that if it is then...

Valentine's Day is really special for property guru who's beaten cancer

One of the country’s leading property auctioneers is back to the job he loves today after an absence of 12 months undergoing cancer treatment.  Rory Daly, chief...

Countrywide sales slump again but company hails "resilient" performance

A trading statement this morning from beleaguered agency group Countrywide reveals that its revenue is down again - but it insists its 2018 performance showed resilience...

New portal is free-to-list for agents and ready to launch in the UK

A new free-to-list property portal is launching in the UK, and has a pledge to serve over 20 counties by the end of this year. The site...

Agents criticised after ‘wrong advice’ given in bid to avoid stamp duty

A solicitor is warning estate agents and the public about allegedly wrong advice relating to the additional homes stamp duty surcharge. Julie Goodman, a senior associate solicitor...

PropTech Today: What Do Brexit and PropTech have in common?

What do BREXIT and PropTech have in common?  I got thinking about this question for a number of reasons this week but primarily because of a huge...

Have your say! Guild wants agent input on government’s reform agenda

The Guild of Property Professionals is seeking views from member agents on the government’s reform agenda.  The Regulation of Property Agents working group, or RoPA, was established...

More Brexit woe for prime London property as prices tumble 5.7%

New data from LonRes shows that prices of homes in three key prime areas of London tumbled 5.7 per cent last year. Over the fourth quarter of...

More equity release growth means fewer downsizers selling up

There’s been more growth in the equity release sector, suggesting that fewer older owners are downsizing and are instead using their existing homes to release money...

Online agency Yopa launches new ‘Smooth Move’ campaign

The UK’s second-largest online estate agency, Yopa, is this month launching a new advertising campaign under the title ‘Smooth Move’. The agency - enjoying hefty financial backing...

New stamp duty surcharge: consultation starts over foreign buyers

The government has launched an official consultation about a new stamp duty surcharge - the long-awaited additional one per cent for non-UK residents and companies buying...

Connells-owned office promotes its entire staff after profits success

Every staff member at a branch of the Connells-owned William H Brown agency has been promoted, after it was voted one of the best offices in...

80 and still paying a mortgage? No problem, say lenders

Mortgage lenders are relaxing age limits so that house buyers can still be paying off their home loan well into their 80s. During the 2008 financial crisis,...

Long-standing independent agency snapped up - but brand name remains

Northwood has hoovered up Humphreys of Chester, which it describes as one of the city’s “most reputable and well-established estate agencies.” Jim Cameron, who co-owns Northwood Chester...

Rightmove watch out! OnTheMarket to offer 'back office' tools to agents

OnTheMarket says one of its key aims for 2019 is to match Rightmove’s product offer to agents. “We’re looking to match Rightmove’s product set that it provides...

Agent "bruised" by malicious and false reviews posted online

An estate agent says he’s “bruised” by recent mysterious negative online reviews he has received - shortly after he posted positive testimonials on Google. Iain Bainbridge, who...

Mystery surrounds broad daylight theft of cash from agency branch

Mystery surrounds the details of an apparent theft of thousands of pounds by three men who walked into an estate agency office in Essex on Friday...

Property Jobs Today - your one-stop-shop for the industry's jobs news

Hello and welcome to this week’s PJT, your regular catch-up on key appointments news in our industry. It’s been a difficult seven days; it’s never good news...

First online-only auction for company results in 100% sales rate

The first online-only property auction held by a large provincial auction house resulted in a 100 per cent sale rate.  The residential properties under the hammer -...

Agent avoids fall-throughs by making sellers and buyers shake hands on deals

A London estate agent says his system of ‘moral agreements’ between sellers and buyers prevents chains collapsing and means his company has “the lowest fall-out rate from...

Boris visits an estate agency - not his special place in hell, presumably

He may not yet have had time to produce a Brexit plan but Boris Johnson has at least had a few minutes to visit a highly...

Agents shrug off gloomy New Year price figures from Halifax

Agents have suggested that the latest price figures from the Halifax may be masking increased activity in the market in recent weeks. The Halifax says house prices...

Prime Central London transactions now only 50% of 2013 levels

Strutt & Parker says transaction levels in Prime Central London, already at a low ebb, plummeted a further nine per cent in 2018 and now stand...

Agents Do Charity - and is there a Spring in our step?

The end of the snow has given way to warmer weather, and while it’s a little early to speak of spring there’s definitely an optimistic feeling...

Trustpilot changing review system to disclose 'suppressed' complaints

The review website Trustpilot is to make it easier for the public to see whether companies have tried to stop complaints being published. Trustpilot is used by...

Your Move insists “No breach of data” after documents taken from branch

The beleaguered Your Move estate agency insists there was no breach of customer privacy after an ex-employee reportedly took confidential data including customers' contact details from a...

Purplebricks still in charge but online market share drops back

The latest analysis of the performance of the top 10 online estate agencies shows that their market share of new listings over the past two weeks...

Countrywide brand backs review website set up by former agent

A review website has launched that describes itself as “a new and powerful research and marketing tool in the residential property sector” and has been set...

Agency reform chief to speak at The Property Ombudsman conference

The Property Ombudsman’s annual conference is to hear from the chair of the government’s ‘Property Agents Working Group’ - just days before it is expected to...

'New build market as important as sales and lettings' says Winkworth

Winkworth has set up a dedicated land and new homes division. The franchise agency, which has most of its offices in and close to London, is setting...

OnTheMarket listings now 80 per cent of Zoopla, 60 per cent of Rightmove

New figures released this morning from OnTheMarket claim its listing inventory bis now over 80 per cent of the size of Zoopla and 60 per cent...

Consultations start on ‘500’ Your Move and Reeds Rains jobs at risk

Formal consultations have started concerning the job losses and branch closures for Your Move and Reeds Rains, revealed yesterday by their parent firm LSL Property Services. "The...

No Sale, No Fee - how EweMove bucked the online sector's stagnation

The Property Franchise Group says its online/hybrid agency EweMove traded profitably throughout  last year and will show “a significant improvement” over 2017. The group’s full-year results for...

PropTech Today: new key to agent success is a threat to the big portals

At the end of January the Asian PropTech company PropertyGuru announced the imminent launch of beta-phase testing of its cutting-edge new product, PropertyGuru Lens. This is an innovation which combines Augmented...

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