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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

Countrywide's future uncertain as shareholders reject Connells bid

Countrywide has this morning rejected an £80m offer made for it by Connells Group. On November 23 Connells announced that its due diligence work on Countrywide had...

Michael Bruce bats away accusation of “bullying tactics”

Purplebricks founder Michael Bruce has batted away a stinging attack on him made by allAgents, a review website. allAgents has set up a profile for users to...

Boomin wants founder agents on boards leading the portal

Upcoming portal Boomin has written to its founder agents inviting one of them to take up a seat on the main board; three other founder agents...

PropTech Today: Weak leadership threatens innovation

After you. No, after you. That is often how innovation seems amongst the real estate elite. And this week I see it in the statistics too and...

NAEA chief delays retirement to help restructure Propertymark

Mark Hayward, who was scheduled to retire at the end of this month, is to stay on at NAEA Propertymark as chief policy advisor.  Hayward has been...

Your Christmas office pics - two crackers start the festive season

We’re off and running with our annual showcase of the decorations and festivities in agency branches and for those working from home this Christmas season. Please send...

Housing market defies gravity as prices now hit five year high

Annual house price inflation is now running at 6.5 per cent according to the latest Nationwide index after a 0.9 per cent rise in November alone. With...

Lessons for estate agents from Sir Philip Green’s fall from grace

One of the hybrid agency sector’s leading agents says there are key lessons our industry can learn from the collapse of Sir Philip Green’s Arcadia group. Topshop,...

Boom still not over as mortgage approvals hit 13-year high

The housing market may be slowing as we enter December but the latest snapshot suggests there’s still momentum with mortgage approvals at a 13 year high. According...

Backer of self-employed agent model admits: ‘There are risks’

One of the biggest supporters of the self employed estate agent business model admits there are risks and it’s not for everyone. Nicky Stevenson, managing director of...

PropTech product for independent agents claims to slash 'lost business'

The Federation of Independent Agents trade group has unveiled a new automated nurture product available exclusively to members - and it claims to slash the volume of...

So this is … time for your Christmas pictures and videos

It’s already a cliche to say that Christmas will be a little different this year - and in reality it will probably be a lot different....

Brexit and Coronavirus? Housing market sentiment strong despite crises

Public sentiment over the housing market remains stable despite the Coronavirus crisis and the possibility of a No Deal Brexit. That’s the conclusion of the Halifax, which has...

Stamp duty clampdown revealed by HMRC and advertising watchdog

HM Revenue and Customs and the Advertising Standards Authority are working together to cut out misleading marketing by promoters of stamp duty and other tax avoidance...

Referral Fees - agents should disclose them up-front insists Ombudsman

The Property Ombudsman has joined calls for greater disclosure of referral fees by agents.  The issue has become a hot topic in recent months after the submission...

Tragedy as young branch manager dies from Coronavirus

A young Kent estate agent has died after contracting Covid 19 at the age of 28.  Chris Cane was branch manager of Wards estate agents in Birchington...

Property Jobs Today - the latest movers and shakers

We are on the threshold in December with the pandemic still dominating but we’re delighted there is still positive jobs news to share with the industry. If...

Hundreds of agents sign up to free-to-list portal group

Free-to-list portal group OneDome claims 425 estate agency branches joined its listing services last month,  OneDome Group operates two portals, OneDome and Nethouseprices, which it says generate...

Agents still worried about cliff-edge threat to stamp duty holiday

NAEA Propertymark has renewed its warning that a cliff-edge threatens housing market stability as the stamp duty holiday ends. The organisation’s outgoing chief executive Mark Hayward says: “The...

Boomin wins backing of ‘anti-Purplebricks’ industry guru

One of the highest profile figures in the agency industry - and a past critic of Purplebricks - has come out as a vociferous supporter of the new portal...

“Knackered” Countrywide suffers media onslaught

Criticism of the management of Countrywide has reached new levels of derision as the mainstream media have attacked the chaos surrounding the agency group.  The Times’ business...

Valuations and transactions cooling as tougher Tiers arrive

The housing market in England and Wales is stabilising, according to analysis of web traffic from a property advice site.  Valuation requests on Property Price Advice are...

Agency wins key role in growing retirement community sector

The high profile Yorkshire agency chain Dacre, Son & Hartley has been appointed by the largest charity care provider for older people in England, Scotland and...

Agents Do Charity - from Christmas parties to Christmas carols

We’re just a few days from December so why not get into the festive spirit a little early and get some yuletide fund-raising underway? That’s what several...

Property tax rises and falling house prices coming in 2021

Property tax rises and falling house prices look as if they are on the way according to the small print accompanying yesterday’s Spending Review by Chancellor...

Stamp duty holidays don’t help market, claims tax expert

Stamp duty breaks have historically done little to help the housing market - and it’s the same now. So says David Hannah, principal consultant at Cornerstone Tax.  “Throughout...

Agency opens in what may be Britain’s most-mocked location

A new estate agency in one of the country’s most widely-mocked towns has opened its doors - and is not afraid to have an affectionate dig...

Multiple tough lockdowns have not deterred this housing market

Average house prices in Wales have risen three per cent in the past year, despite multiple difficult lockdowns considered more severe than those seen in England. In...

Online network now has Modern Method of Auction link

Online network love2move - which gives partner High Street agents an option to offer vendors an online sales service - is now linking with iamsold. iamsold promotes...

Sunak pledges new homes but does not hike property tax - yet

Chancellor Rishi Sunak has resisted changing any property taxes in the short term, but has used his Spending Review statement to introduce substantial spending on housing. In...

Boomin now claims 40% of the top 100 UK agencies

The soon-to-launch Boomin portal has signed up a national firm and now claims to have recruited 40 per cent of the country’s top 100 agencies. Boomin, set...

Lobby your MP over stamp duty holiday extension, says Guild

The Guild of Property Professionals is urging the industry - all agents, not just its own members - to lobby MPs to have the stamp duty...

Boom market to go on into 2021 - but then expect bumps in the road

Zoopla’s research team is anticipating the first quarter of next year will see the current boom continue as 100,000 additional sales try to complete ahead of...

PropTech: New agents' CRM launches after three years in development

A high-profile publicity campaign has culminated in the launch of a new CRM which calls itself as “a transformative new technology, empowering estate agents, creating efficiencies, cutting...

Sunak’s Big Day: “Don’t make knee-jerk property tax rises” he’s told

Today sees the government’s Spending Review, with Chancellor Rishi Sunak taking centre stage as he presents a 12 month spending plan to MPs. Although traditionally such spending reviews...

Rightmove finds its happy (there are pasties and cream teas)

What’s the happiest place in Britain? Rightmove has the answer. In a new ‘Happy At Home’ index calculated by the portal and tapping into the current Coronavirus...

Countrywide senior management in shock decision to quit the company

A statement this morning from Countrywide's board says both its executive chairman and its group managing director are leaving the company.  It has also rejected a proposal...

Agency launches huge recruitment drive with jibe at Countrywide

Connells Group has announced a major recruitment drive as it looks to create 250 new agents' positions - and it’s launched the campaign with a veiled...

Corona Update: Agents seeking urgent guidance from government

Propertymark is in touch with the government to see how the new Tier structure being introduced on December 3 will affect agents. A statement from the organisation...

Business Interruption Insurance Scandal - agents go on waiting

Agents anxious to know if they will receive a payout from their Business Interruption Insurance will have to wait still longer - possibly until the New...

Bring on agency regulation and training, say new industry chiefs

The agency industry’s new leaders for the coming year have expressed strong support for reform recommendations promoted by the Regulation of Property Agents’ working party, currently...

PropTech link-up aims to speed up transaction times

Two prominent suppliers have teamed up to offer customers instant visibility of chain lengths, details of agents connected to properties being sold, and the ability to...

Revealed - where it takes over 200 days to complete a house sale

A survey of completion times for house sales over the past four years suggests that the worst performing local authority area in the UK has a...

Countrywide faces multiple risks if it doesn’t sell to Connells - claim

Connells has increased the temperature in its bid for Countrywide with a surprise statement this morning outlining risks run by Countrywide if it stays a standalone company. In particular,...

Tougher Corona restrictions: Agents to be told how market will work

Agents should know in the next 36 hours how new Coronavirus restrictions will affect how they work. The Prime Minister is announcing tougher Tier restrictions to operate from...

Countrywide brand unveils “transformational” new image

One of Countrywide’s two up-market brands, Hamptons International, has unveiled a new look which it describes as part of “a transformational brand refresh.”  The new logo will...

Flipping makes a comeback with big profits made by investors

The mixture of the stamp duty holiday and generally fast-rising house prices has led to a resurgence of flipping. Data released this morning by Hamptons International shows...

Will relaxed EWS1 safety checks allow thousands of flats to be sold?

Safety checks which are apparently now preventing thousands of owners selling flats are to be eased - but there is confusion over how this will help...

Price rises overtake stamp duty holiday savings in many places

It may make little difference to agents but a leading analyst suggests thousands of buyers have effectively lost money on their purchase - even if they complete...

Market boom goes on according to strong mortgage search figures

A mortgage technology platform has released figures suggesting the housing market remains strong, with high numbers of searches by buyers for the best loans. Twenty7Tec’s latest figures...

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