Archive

Strike remained in the red in the run up to its acquisition of Purplebricks last year and has new financial backing...

Agents faced more complaints and paid out higher levels of redress last year, industry data shows. Annual figures from the Property Redress...

Savills has claimed most of the property markets It operates in are past “peak uncertainty” after posting lower revenues and profits...

Property market conditions in the new-build sector are likely to remain subdued this year. Persimmon has claimed. An outlook in the house...

Analysts have given their backing to Rightmove’s stock market prospects but there are warnings that it can’t “rest on its laurels”...

Rightmove has reported a 7% rise in operating profit despite losing agents last year. The portal’s latest annual report released this morning...

Lloyds Bank is predicting a “more modest” fall in house prices during 2024. The lender had predicted in September that average prices...

Dexters has hinted at more acquisitions, particularly around greater London. Andy Shepherd, chief executive of the London agent, suggested the brand is...

The Property Franchise Group (TPFG) has described its sales business as ‘operationally challenging’ for last year despite posting a record financial...

LSL Property Services’ share price dipped yesterday after posting an operating loss in its 2022 annual accounts. Its results showed a group...

Belvoir is seeking more acquisitions this year, the agency franchise brand has revealed. The company revealed in its annual results yesterday that...

Higher utility and staffing costs pushed profits down in Savills’ UK residential business last year. The property and agency brand revealed in...

House prices could drop by almost 25% ‘start-to-trough’ or by as much as 40% in severe circumstances, Lloyds Banking Group has...

The Government has been urged to revise its plans for affordable housing as MPs warn it is set to fall short...

One of the UK’s leading property companies has appointed marketing firm alan. agency to launch a crucial annual report.    Knight Frank...

Housing Secretary Michael Gove and minister Stuart Andrew are set to be grilled by MPs on their property market plans today. The...

The Queen’s Speech has unveiled proposed overhauls on planning, consumer and economic crime laws that could all have an effect on...

What a difference two months and some local elections make. Cast your minds back to March 9 and the annual report of...

The number of complaints about estate and letting agents increased last year but fewer gripes were upheld. Data based on members of...

Winkworth agents posted record sales income last year, attributed to the stamp duty holiday. The London-listed agent franchise group revealed in its...

The Property Franchise Group (TPFG) is planning more acquisitions after a busy 2021 for buying-up agencies. The umbrella property brand, which incorporates...

More acquisitions are being predicted at agency franchise group Belvoir. It comes as the listed brand yesterday reported record group revenue of...

Shareholders in Purplebricks have given overwhelming backing to the company’s remuneration policy - including substantial bonuses for senior executives which had...

Day in, day out, I see how good estate agents really are.  Whether it’s in my day job on Location, Location, Location...

A date has been set for Purplebricks’ shareholders to give their verdict on a controversial remuneration package given to the agency’s...

The Property Ombudsman says there’s been a big increase in enquiries to its service in recent months, despite the pandemic.  In its...

Purplebricks’ annual report has revealed that a short term bonus scheme to provide incentives for executive directors to meet financial and...

The annual report of a major estate agency has revealed that its chief executive took two large cuts to bonus payments...

It’s fair to say that UK estate agents don’t have the best of reputations, often featuring in the lists of the...

If anyone thought the days of Purplebricks bosses making millions were in the past,  think again. The chief executive and chief finance...

Foxtons - which has recently closed branches and furloughed staff - has described a shareholder rebellion over senior management bonuses and pay...

There’s been a substantial 20 per cent rise in formal complaints about agents taken up by The Property Ombudsman.  The figures refer...

OnTheMarket is not responding to requests to reveal details of any pay-off for its chief executive Ian Springett, who was sacked...

Agents are consistently being told that they need to get on board with change. And one could quite easily make the...

Rightmove has been given the green light to continue using the claim that “every second someone contacts an estate agent about a...

Controversy and Purplebricks have gone hand in hand since the agency was first launched in 2012, through its float on the...

Purplebricks - which is at the centre of a string of controversies - has joined the growing campaign for stamp duty...

‘Workers of the world, unite. You have nothing to lose but your chains’. So is written on the tombstone of the father...

Purplebricks has spent £26.7m on marketing in the past year - that represents £382 per instruction.  The figures, revealed in the agency’s...

A note sent out by OnTheMarket chief executive Ian Springett has suggested that the way estate agents work may directly lead...

The government has published proposals for far-reaching changes to the way estate and letting agents are regulated, trained and licensed. The proposals...

The head of the Property Redress Scheme is urging agents to prepare for yet more regulation and legislation changes likely to...

The trade body representing so-called quick sale companies is marking five years in business with two feathers in its cap. Firstly the...

The Property Ombudsman (TPO) has released its annual report for 2018, showing a 16% rise in the number of complaints made...

When they first came onto the scene, online-only estate and lettings agents were predicted to swiftly spell the end for traditional...

Foxtons has revealed that its six branch closures announced towards the end of last year will save the company £3m in...

Countrywide’s share price dipped to its lowest ever level yesterday, below 8p before recovering a little ground later in the day. The...

The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to...

Recent years have seen tighter regulation and new legislation hit the lettings industry. Combined with the fee ban, there is no...

The Guardian is this morning reporting that “a major estate agent” has been accused of involvement in corruption with the house...

From where I’m standing there’s a lot in common between the debate between online and traditional agents, and the argument over...

The latest figures from Purplebricks, contained within the agency’s annual report released this week, claim that 81 per cent of its...

In our previous 2 blogs we have covered the definitions of the Consumer Protection from Unfair Trading Regulations (CPRs) and what the practical...

The UK division of US-based estate agency Keller Williams says agents need access to internal training if service levels across the...

The Property Redress Scheme says it’s recruited another 1,750 members following the shake-out last week when one of its rival redress...

At first sight, to suggest this is a good time for an agency business to go for an IPO - that...

Another update from OnTheMarket this morning claims the portal is now listing over 550,000 UK residential property listings, in excess of...

A leading property industry analysts says Rightmove may be amongst the top portals in the industry worldwide, but it is facing...

The Property Ombudsman has issued its annual report for 2017 and there’s good news for the estate agency side of the...

The annual report from the Advertising Standards Authority and the Committees of Advertising Practice, out today, shows that the estate and...

The Property Redress Scheme - one of the three government-approved redress schemes handling complaints about sales and lettings agents - has...

Foxtons says its long-term branch expansion programme is now “largely complete” and it is shifting its attention to using technology to...

Countrywide has revealed precisely how many brands, branches and staff it has following the extensive and multiple restructurings of recent years. In...

Countrywide’s 132-page annual report, released today, has given details of the management and restructuring costs incurred by the company during its...

ZPG has revealed its 2017 annual report this morning with a stream of records - 648 million visits to portals, revenue...

A large part of the DCLG’s Call for Evidence on the home buying and selling process focuses on the role of...

The Property Ombudsman’s annual report reveals a significant increase in the number of formal complaints resolved by the scheme and a...

Brexit and the economic uncertainty since the EU Referendum have not prevented Connells delivering overall growth in 2016 - despite a...

The National Trading Standards Estate Agency Team based in Powys has revealed that its cases under investigation include apparent offences of...

The Advertising Standards Authority has explained to Estate Agent Today why many of the complaints made against estate and letting agents...

eMoov founder and chief executive Russell Quirk has launched another online petition, this time calling for mandatory licensing of estate agents. The...

The Property Ombudsman scheme’s annual report, just released, reveals that there has been a dramatic 32 per cent surge in the...

A fine of £735,000 imposed on an association of estate and letting agents and a local newspaper publisher has been described...

Complaints made against adverts issued by property firms have increased by 10% in the last year. The Advertising Standards Authority (ASA) reports...

Winkworth, the franchise giant with most offices concentrated in or close to London, says the high-end of the capital’s prime market...

Controversial online estate agent and industry commentator Russell Quirk has hit out at the fee structure of traditional agents, claiming it...

The analyst who has claimed that Rightmove may be seeking to ‘embed’ itself into estate agencies’ day-to-day management has now told...

One of the property portal sector’s leading analysts is suggesting that Rightmove may be about to increasingly involve itself with services...

Countrywide has given what it admits is a “mixed performance” in 2015 with a major reduction in operating profits, although it...

It was an end of an era in the property world this week. Christopher Hamer stepped down as the Property Ombudsman...

The fines issued by the Competition and Markets Authority on a local association of estate agents and three of its members...

The first annual report from Property Redress Services, one of the three government-approved redress schemes applying to both the sales and...

There was a whopping 42 per cent rise in referrals to The Property Ombudsman last year according to the annual report...