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KEYWORD "Downturn" - 128 RESULTS
What to consider when buying or selling an estate agency business

Estate agents might be expert at advising on buying and selling properties on their books but when it comes to buying...

13 February 2021

From: Features

Property Natter – will 2021 be the year of the merger?

At the back-end of last year and the start of this, the biggest news stories in town – besides debates over...

30 January 2021

From: Features

2021 to start with price corrections, predicts market index

A house price index that is routinely one of the most pessimistic about the market claims the New Year will see...

30 December 2020

From: Breaking News

Top pandemic tips for estate agents

Described on this site as a ‘powerful disruptor’ in March 2020, few would deny that the COVID-19 pandemic has impacted on...

16 December 2020

From: Sponsored Content

Covid-19 and the potential impact on the buy-to-let market

Property is considered to be a safe investment. The buy-to-let market is booming, fuelled by a generation unable to get on...

13 November 2020

From: Sponsored Content

House prices soar 7.5% in a year but it may all change soon

House prices by the end of October were running 7.5 per cent above their level a year ago - but the...

09 November 2020

From: Breaking News

London house prices over-valued despite Brexit doldrums - bank

London’s properties are “over-valued” according to a leading bank. UBS, which has what it calls a Global Real Estate Bubble Index, says...

07 October 2020

From: Breaking News

Now prices are going UP again, says latest Nationwide index

The Nationwide says annual house price growth has recovered to 1.5 per cent. Its July house price index says the fall in...

03 August 2020

From: Breaking News

Covid-19 is speeding up PropTech - what are you waiting for?

What do General Electric, IBM, Microsoft, and WhatsApp have in common? Yes, they are American companies that boasted revenues of $50...

29 July 2020

From: Features

Younger buyers’ moving plans hit by mortgage changes - Zoopla

A survey of 2,000 prospective movers by Zoopla shows the vast majority still intent on buying - but younger purchasers’ plans...

03 July 2020

From: Breaking News

Death of revered estate agent after amazing 6,000 house sales

The death has been announced of Colin Lowman, a veteran south London estate agent who had a 64 year career in...

08 June 2020

From: Breaking News

Downturn’s silver lining: our two cents on the property market

There’s no doubt we’re in a less-than-rosy phase of the property cycle. This, however, is not another doom and gloom piece:...

06 June 2020

From: Features

Over third of vendors expect price falls of 6% or possibly much more

A survey of sellers by a high-end agency suggests that around a third expect price falls of six per cent or...

02 June 2020

From: Breaking News

The three key factors influencing the UK property market

The outlook for the housing market is still taking shape, but here I take a look at three market indicators to...

30 May 2020

From: Features

Official house price index suspended but Bank warns of 16% drop

The government has temporarily suspended its official house price index as a result of the Coronavirus crisis. In a long and far-reaching announcement...

11 May 2020

From: Breaking News

2,000 vendors and buyers kept in touch via agency’s mass webinars

Savills has kept in touch with almost 2,000 of its vendors and prospective buyers through two mass webinars. Entitled ‘What COVID-19 means...

28 April 2020

From: Breaking News

Rightmove downgraded as bank warns of agency closures accelerating

Investment bank RBC Capital has downgraded its rating of Rightmove and is warning that the property market is entering a prolonged...

17 April 2020

From: Breaking News

Sales to crash by 60% says Zoopla: will estate agents survive?

New sales agreed have already plummeted by 15 per cent and over the next three months there’s going to be a...

26 March 2020

From: Breaking News

Why I've Quit Rightmove, by one of the country's top agents

One of Britain’s most outspoken and high profile agents has quit Rightmove in spectacular fashion, using an open letter to the...

19 March 2020

From: Breaking News

Foxtons warns of sales slump going on through 2020 despite Boris Bounce

Foxtons is warning that 2020 will be yet another difficult year for the agency despite the so-called Boris Bounce helping the...

28 February 2020

From: Breaking News

Property Natter: what has the last decade meant for the property industry?

Yes, believe it or not, we’ve nearly reached the end of a whole decade. And what an eventful decade it’s been. We’ve...

14 December 2019

From: Features

General election 2019: The housing crisis remains a top issue

With Brexit still unresolved, the domestic agenda has been pushed from the headlines by the seemingly overwhelming public and political discord...

07 December 2019

From: Features

PropTech Today: The biggest mistake you can make is to do nothing

This line is one that I use a lot in my speeches and presentations, often as part of the final slide. I...

06 November 2019

From: Breaking News

Rightmove ‘abusing’ agents and should be legally challenged - top consultant

One of the industry’s leading consultants says Rightmove is in a form of abusive relationship with agents, who should consider legal...

22 October 2019

From: Breaking News

Property Natter - how to prepare for Generation Z and Alpha

They will be the doctors, lawyers, teachers, thinkers, leaders and captains of industry of the not too distant future, but is...

24 August 2019

From: Features

Halifax dismisses rumours of a housing market downturn

House prices fell unexpectedly for the second month in a row in July according to the Halifax - but the mortgage...

08 August 2019

From: Breaking News

The week’s biggest property story - and you probably missed it

I missed the biggest property story of the week and it’s only scant consolation that almost everyone else seemed to miss it...

03 August 2019

From: Features

Foxtons sales slump another 10% as agency says ‘lettings are our priority’

Foxtons’ sales slumped another 10 per cent and its total revenue dropped another 3.5 per cent according to figures released this...

26 July 2019

From: Breaking News

130 jobs at risk as agency and auction firm appoints administrators

It’s been reported that a Cheshire estate agent and auction house has gone into administration putting 130 jobs at risk. Around 40...

27 June 2019

From: Breaking News

New view of London market: lower-priced home sales worst hit, claims portal

A portal specialising in prime and super-prime London property has turned perceptions of the capital’s housing market on their head -...

06 June 2019

From: Breaking News

PropTech Today: Market transformation – deterring, championing and Purplebricks

I hope you had another wonderful Bank Holiday weekend; only three weeks to hold on until the next one. Personally, it...

08 May 2019

From: Breaking News

Massive discounts up to 21% for prime London homes, says bank

Some of the most expensive properties in London are selling typically between 13 and 21 per cent off the asking price. And...

07 May 2019

From: Breaking News

Foxtons: front-office headcount under review as branch closures save £3m

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

29 March 2019

From: Breaking News

Purplebricks reveals another major sports sponsorship deal

Purplebricks has become the major partner with a leading Australian rugby league team, Melbourne Storm. "Purplebricks is reshaping the real estate market...

12 March 2019

From: Breaking News

OnTheMarket blasts Rightmove with aggressive email to agents

OnTheMarket has stepped up its attack on Rightmove with a stridently-worded email to agents explaining how a drop in leads from...

05 March 2019

From: Breaking News

Why we need to be able to move when we want, not when we have to

A review of the housing market at present, particularly when it comes to purchase transactions, might not necessarily feel overly positive.  The...

26 January 2019

From: Features

Brexit: where does our industry stand? and where do you stand?

It’s the word on everyone’s lips: after two and a half years of debate, and months before that leading up to...

11 January 2019

From: Breaking News

PropTech Today: My predictions for 2019

It’s that time of year again where we start saying goodbye to 12 months of hard work and start looking forward...

12 December 2018

From: Breaking News

Property Natter: how much is that home in the window?

It’s the most obvious visual medium high street agents have at their disposal, and for many decades has been absolutely pivotal...

03 November 2018

From: Features

Agents want Budget to help remedy slump in mortgage approvals

Mortgage approvals fell again in September - this means that every month of 2018 so far has seen a drop against...

25 October 2018

From: Breaking News

Sales dip slightly says HMRC - but supply up according to NAEA

Data from HM Revenue & Customs shows some 98,400 homes were sold across the UK in September - that’s slightly lower...

24 October 2018

From: Breaking News

'Slump City' house prices set to rebound, claims agency

A city’s housing market that suffered badly because of the collapse in North Sea oil prices is now likely to rebound...

17 October 2018

From: Breaking News

Emoov boss in Twitter outburst describing Mark Carney as dangerous

Bank of England governor Mark Carney says a no-deal Brexit exit could lead to a 35 per cent house price crash. The...

14 September 2018

From: Breaking News

Market woe as prices dip further - but there is some good news too

House prices fell further this month as the slowdown tightened its grip according to he latest data from property platform Home. It...

13 September 2018

From: Breaking News

New property listings plummet for third month claims online agency

New data reveals that new property listings have fallen for three successive months - and that includes a huge 17.1 per...

13 September 2018

From: Breaking News

Property Natter: a changing of the guard?

The big story to break this week in the property world was the announcement by the new owner of Humberts that...

28 July 2018

From: Features

Making conveyancing quicker and better - that’s the promise...

The Law Commission has unveiled proposals that it claims could stop property fraudsters in theirb tracks and improve conveyancing at the...

24 July 2018

From: Breaking News

40% of central London new-builds sold with large bulk discounts

A report in the Financial Times lays bare the scale of the housing market downturn in central London - it suggests...

19 July 2018

From: Breaking News

 Property Natter: what has 2018 brought so far?

First things first, I have to mention the World Cup. The dream is over, football’s not quite coming home (not until...

14 July 2018

From: Features

Brexit and political fears now key drivers of prime London says agency

The battered prime central London market is now suffering from the UK’s wider political volatility, the lack of stability of the...

13 July 2018

From: Breaking News

PropTech Today: The estate agent in 2050 - utopia or dystopia?

By now we’ve all seen news about the long-term decline in property sales and competition from online alternatives leading to ‘more...

04 July 2018

From: Breaking News

Estate agency as it used to be - EAT looks back at 2008

Estate Agent Today is 10 years old this weekend. We hope you’ll agree that’s a cause for celebration and a great...

29 June 2018

From: Breaking News

Purplebricks rejects claims of bullying Local Property Experts in Australia

Purplebricks says it completely rejects any claim of bullying its representatives in Australia. The Australian Financial Review, which last week reported the...

26 June 2018

From: Breaking News

Property Natter – marketing magic, Mr T and GDPR fever

Last time out I looked at the growing importance of content, social media and design – but these should only form...

02 June 2018

From: Features

Property Natter: agents bucking the high street downturn

Maplin, Toys R Us, Carpetright, Warren Evans – what do they have in common? All are well-known high street chains that...

21 April 2018

From: Features

First time buyer numbers still 11% below pre-recession levels

The proportion of first time buyers in the market is still 11 per cent below the level seen before the 2008...

11 April 2018

From: Breaking News

Purplebricks: boards up, shares down?

Why I won’t buy Purplebricks shares and why if I had any, I’d sell fast… In its latest adverts, Purplebricks attempts to...

13 February 2018

From: Features

Five things that didn’t happen in 2017

It’s traditional before Christmas to either review the year past or anticipate the one ahead - but I’m intrigued about what...

16 December 2017

From: Features

'Agents worried about 2018 should sell up now' advises analyst

An industry analyst says some agents may find it tough to survive in 2018 if they’re hit by a double whammy...

24 October 2017

From: Breaking News

New-build glut adds volatility to improving central London market

Respected buying agency Black Brick says there is evidence that prices in prime central London may be stabilising and transactions volumes...

06 October 2017

From: Breaking News

SOS: are you a business in distress?

Despite the fact that eight out of 10 statistics are reportedly made up (if you can believe that figure), I bet...

02 September 2017

From: Features

London agent defies downturn by opening new office next month

Marsh & Parsons will be opening a new office in Islington on September 4 - defying many analysts who say the...

07 August 2017

From: Breaking News

Property Natter - a short history of estate agency

Property has been changing hands for centuries, but when did estate agents as we know them today – with their branches,...

04 August 2017

From: Features

Savills says credit crunch still shapes housing market, 10 years on

High end estate agency Savills says the credit crunch - roughly 10 years old next month - is still having an...

27 July 2017

From: Breaking News

Your Move says General Election exacerbated market downturn

Your Move says the surprise General Election and the creation of a weaker minority government has exacerbated the slowdown in the...

17 July 2017

From: Breaking News

London’s prime housing market is no longer roaring

Being a leading world-class city comes at a price – they are the most expensive for occupiers and the most lucrative...

14 July 2017

From: Features

Forget stamp duty reform - There’s a new tax on the horizon

When it comes to provoking anger in property professionals, taxation takes some beating. Press releases are still arriving berating the December...

01 July 2017

From: Features

House prices down for third month in a row - first time since 2009

House prices recorded their third consecutive monthly fall in May says the Nationwide. It's the first time this has occurred since 2009, and...

02 June 2017

From: Breaking News

Transaction levels to remain sluggish this year, warns top agency

Savills is warning that while low interest rates will probably keep house prices relatively static, transaction volumes are likely to remain...

11 April 2017

From: Breaking News

London house price inflation at lowest level for 42 months

Hometrack data suggests that annual house price inflation in London has fallen to 6.4 per cent, the lowest level since June...

24 February 2017

From: Breaking News

Foxtons network is now 67 despite London slowdown

Foxtons says its branch network is about to hit a record high of 67 despite the downturn in central parts of...

08 February 2017

From: Breaking News

Market boost as mortgage lending rises - with further to go

Gross mortgage lending reached a remarkable £246 billion in 2016 - that’s 12 per cent higher than the previous year and...

27 January 2017

From: Breaking News

Total number of homemovers fell during 2016

There were an estimated 354,000 homemovers in 2016, a fall of 4% compared to the 367,000 recorded the previous year. Analysis by...

25 January 2017

From: Breaking News

Analyst heaps praise on only UK property stock I'd ever buy...

An American investment analyst has used the Motley Fool online city column to give a glowing endorsement to one of the...

19 January 2017

From: Breaking News

Agency's new office launch defies prime London slowdown

Prime central London’s housing market may be suffering a well-publicised downturn but one agency has defied the negative mood by launching...

17 January 2017

From: Breaking News

Agents' call for stamp duty reform backed by business chiefs

The Treasury should review the impact of stamp duty on London's market given recent political and economic changes according to London...

16 January 2017

From: Breaking News

Farewell to 2016 and a cautious welcome to 2017

There is no doubt that 2016 managed to catch the world by surprise on more than one occassion.  But will 2017 be...

14 January 2017

From: Features

Number of agency offices in London increases, despite downturn

New research suggests there has been a slight increase in the total number of estate agency offices in Greater London this...

21 December 2016

From: Breaking News

Another agency cuts London staffing because of sales slump

Knight Frank is the latest agency to cut staff on the prime London sales side because of the downturn. In an announcement...

01 December 2016

From: Breaking News

Market defies Brexit for now - but 2017 will be 'notably slower'

Estate agency Knight Frank says that the UK housing market has rebounded more strongly than expected after the Brexit referendum -...

01 December 2016

From: Breaking News

Agents finalise their wish-list ahead of this week's Autumn Statement

Estate agents have spent the weekend finalising their wish-list and lobbying MPs and government ahead of Wednesday’s Autumn Statement. Top of the...

21 November 2016

From: Breaking News

Whither Countrywide

Although Brexit, portal juggling and portal wars have stolen property industry headlines in recent months, there's been one story almost constantly...

05 November 2016

From: Features

Leeds eyes sustainable ripple effect

As many northern cities struggled to recover from the 2008 global financial crisis, the north-south divide returned to plague the British...

28 October 2016

From: Features

Rising number of High Street agency offices despite online 'threat'

Despite the much-publicised 'threat' of online estate agency there were more high street offices opened in the first half of this year...

26 October 2016

From: Breaking News

Agency says London homes under £120,000 on verge of extinction

The average house price in London is now £484,700 - over twice the national average - and property in the capital...

18 October 2016

From: Breaking News

20% Brexit exchange slump but agency partners get bonus boost

Knight Frank has reported a four per cent rise in annual revenues to £461m but a five per cent drop in...

11 October 2016

From: Breaking News

Bank warning that Brexit could burst central London housing bubble

One of the world’s leading financial institutions, UBS, says any sustained economic recession triggered by Britain’s departure from the EU could lead...

28 September 2016

From: Breaking News

Housing must remain top of the government’s agenda

With the number of new homes being built across the UK still significantly below the level needed to meet demand, housebuilders...

16 September 2016

From: Features

Sharp drop in high-LTV mortgage choice for first time buyers

The number of 95 per cent loan to value mortgages available for first time buyers has dwindled 16 per cent in...

24 August 2016

From: Breaking News

More Brexit bad news: consultancy says house prices to flatline

The investment advice company UBS Wealth Management says it is likely that UK house prices will flatline by the end of...

23 August 2016

From: Breaking News

Buyers now have over 23,000 mortgage products to choose from

The number of mortgage products available is now over 23,000 - a figure last seen during the heady days just before...

22 August 2016

From: Breaking News

Agencies announce expansions across UK and across all sector

Several agencies have unveiled expansion plans despite the EU referendum, economic uncertainty and fears of a major downturn in the London...

19 August 2016

From: Breaking News

What has been the Brexit impact on the housing market so far?

The morning after the EU referendum, and Westminster, Britain, Europe and the world were left in shock at the news that...

05 August 2016

From: Features

Brexit could wipe 30% off London house prices, warns major bank

A note to investors sent out yesterday by the international bank Societe Generale is warning that Brexit could wipe 30 per...

19 July 2016

From: Breaking News

Bank says online agents are growing, but warns on Purplebricks value

Swiss bank UBS has given an upbeat assessment of online estate agencies in the changing housing market - but it warns...

14 July 2016

From: Breaking News

Brexit may trigger prime London slump - but not for 'the global elite'

A leading London buying agency is warning that some areas of prime central London could face a downturn following the Brexit...

30 June 2016

From: Breaking News

The only certainty is uncertainty. So what next for the industry?

One estate agency leader - you’d all recognise his name - described the victory of the Leave camp in the referendum...

24 June 2016

From: Features

Supply drought not enough to prevent price falls, warn industry experts

Three separate surveys appear to suggest that even a long-term shortage of homes on sale is not enough to stop a...

10 June 2016

From: Breaking News

20% rise in transactions by 2020 - if only things hadn't changed...

Conveyancing firm My Home Move has come up with an interesting view of how the housing market could look if -...

19 May 2016

From: Breaking News

Stamp duty rises create 'era of low transaction volumes' in London

The stamp duty increases introduced in late 2014 are still having an impact on prime areas of London and have heralded...

05 May 2016

From: Breaking News

Mortgage data reveals drop-off in buy to let deals as SDLT deadline neared

Buy to let mortgage sales - one of the key indicators of buy to let property sales - fell drastically in...

21 April 2016

From: Breaking News

London agency tries fixed-fees and a contest to lure £1m-plus vendors

We’re used to agents in the provinces having to initiate incentives to attract vendors but the state of the high-end London...

07 April 2016

From: Breaking News

The rise of an increasingly unpredictable market

Property has long been a safe investment. Before the downturn in 2008, sellers were able to gain a healthy capital return.  Post-economic...

25 March 2016

From: Features

Rightmove visits up 14% as the average asking price exceeds £300,000

Rightmove says the average asking price of a property coming to market in England and Wales has now passed £300,000 for the...

21 March 2016

From: Breaking News

Big rise in mortgage lending on back of more jobs and higher wages

Data from the Council of Mortgage Lenders shows that gross mortgage lending reached £17.6 billion last month - that's the highest...

18 March 2016

From: Breaking News

Market boost as buyers get best choice of mortgage products since 2007

Consumer choice of mortgage products has reached a near-eight-year high with 17,132 products available on the market. This is the highest number...

23 February 2016

From: Breaking News

Academics warn of possible London house price bubble by end of 2016

London is heading for a house price bubble by the end of the year according to figures produced by academics at...

05 February 2016

From: Breaking News

Knowing too much about property can be a disadvantage

Public relations used to be a minor part of estate agency, something only ‘the big boys’ paid for and with little...

30 January 2016

From: Features

First time buyer numbers buoyant, despite substantial house price rises

The number of first time buyers is estimated to have totalled 310,000 in 2015, virtually unchanged over the past year despite...

12 January 2016

From: Breaking News

47% fewer homes for sale in England and Wales than in December 2007 - claim

There are 47 per cent fewer properties for sale across England and Wales than in December 2007 with the general shortage...

15 December 2015

From: Breaking News

Praise for agency diversification to cut damage from housing downturn

Investors’ Chronicle, the weekly investment magazine published by the Financial Times Group, has lavishly praised high-end agency Savills for diversifying its...

14 December 2015

From: Breaking News

High-value southern cities see largest property churn

Homes in the South East, South West and London change hands much more frequently than those in other parts of England.  Analysis...

13 November 2015

From: Breaking News

Housing stock's value up 53% in 10 years, despite downturn

The value of Britain's housing stock has risen 53 per cent over the past decade, despite most of that time being...

12 November 2015

From: Breaking News

Foxtons founder is now worth a cool £1.186 billion

Jon Hunt, the property billionaire who founded, ran and then sold Foxtons, is worth a cool £1.186 billion - yet is...

02 November 2015

From: Breaking News

Land Registry says 10% slump in sales but prices up 5.3% over a year

The Land Registry says the average house price in England and Wales now costs £186,553, an annual increase of 5.3 per...

29 October 2015

From: Breaking News

Stock coming to market down as much as 74% on pre-downturn levels

Property portal Home says in some regions of the UK the number of properties coming to the market is 74 per...

14 October 2015

From: Breaking News

Price rises for flats far exceeds other property types over 10 years - Halifax

The average price of an apartment has risen by 60 per cent over the past 10 years, far ahead of the...

07 October 2015

From: Breaking News

Another agent blames stamp duty for poor prime central London market

Knight Frank has become the latest high-end agency to admit that the prime central London market is in the doldrums, with...

05 October 2015

From: Breaking News

Is 2015 the year that changed property?

There was once a time when you knew where you were in the year by virtue of what was happening in...

02 October 2015

From: Features

More homes sold in August than any month since February - HMRC

HMRC says that more homes were sold in the UK in August than in any month since February last year. The Revenue...

23 September 2015

From: Breaking News

Green Belt new home building levels halve in 20 years

New research from Countrywide reveals the homes built on the Green Belt surrounding towns and cities over the last 20 years...

16 September 2015

From: Breaking News

High Street agent cautions against offering 'fixed fee' sales

A High Street estate agent has cautioned others within the industry against being tempted to go down the route of charging...

10 September 2015

From: Breaking News

Record conveyancing in second quarter claims search firm

Conveyancing activity broke records between April and June 2015, according to analysis of Land Registry data by search provider Search Acumen.  Total...

19 August 2015

From: Breaking News

Land Registry: prices finally above pre-slowdown level

Data for June from the Land Registry shows that the annual price increase of 5.4 per cent takes the average property...

29 July 2015

From: Breaking News

TV Dragons demolish property crowdfunding guru

Frazer Fearnhead, a founder of The House Crowd property crowdfunding platform, has been sharply criticised in a ‘car crash’ moment on BBC...

14 July 2015

From: Breaking News

LandReg says prices still below pre-downturn peak

The Land Registry says the average price of homes across England and Wales remain below the pre-downturn peak recorded in November...

29 June 2015

From: Breaking News

THE TEMPORARY ‘PARALYSIS’ OF LONDON’S LUXURY HOUSING MARKET REFLECTED WITH 41% DROP IN VALUATION CALLS TO HIGH-END AGENTS

As the nation finally gets to cast its vote at the polling booths, telephone answering specialist, Moneypenny has reported a dramatic...

07 May 2015

From: Sponsored Content

Mystery surrounds closure of 'top 20' estate agency

A firm described as one of the country’s 20 best small estate agencies has closed both of its offices. Estate Agent Today...

06 May 2015

From: Breaking News

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