The new Government’s plan to ‘Get Britain Building’ is ambitious, to say the least. And it is central to their mission, not...
Archive
20 July 2024
From: Features
![Homebuyers facing more mortgage choice but shorter shelf life](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageApplyNow_400x310.png)
The mortgage price war appears to have eased and the shelf life on home loans has hit a six-month low, Moneyfacts...
13 March 2024
From: Breaking News
![Housing Market Weak but cautious optimism from analysts](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyStats-400x310.png)
UK housing market activity "remains weak" according to the Nationwide. Its latest house price index shows that prices declined 5.3 per cent...
03 October 2023
From: Breaking News
![Transactions plummet to 15 year low according to e.surv](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceChange-400x310.png)
Transactions for the first half of 2023 are at their lowest level since the financial crisis of 2007-09 as a result...
14 August 2023
From: Breaking News
![Share Price plummets after agency group’s profits warning](/upload/images/shutterstock_1677222151.jpg)
The share price of LSL Property Services dropped around 16 per cent at one point yesterday following a profits warning given...
08 August 2023
From: Breaking News
![Purplebricks set for stock market exit](/upload/images/Stockmarket.jpg)
Purplebricks ended its life on the stock market with a share price of 0.30p. It comes as the controversial online brand officially...
16 June 2023
From: Breaking News
![Zoopla founder falls-off UK Rich List](/upload/images/Shutterstock-only%20images/Property%20Market/shutterstock_542055781.jpg)
Zoopla founder Alex Chesterman has fallen out of the 2023 Sunday Times Rich List while Foxtons supremo Jon Hunt has seen...
22 May 2023
From: Breaking News
![GetAgent offers Purplebricks vendors ‘£300 lifeline’](/upload/images/Shutterstock-only%20images/Property%20Market/3%20CoupleMakingOffer-400x310.png)
Estate agent comparison site GetAgent has handed a lifeline to struggling Purplebricks sellers. It has announced that it will give home sellers...
12 May 2023
From: Breaking News
![Purplebricks’ shares crash to new low after cash warning](/upload/images/Shutterstock-only%20images/Property%20Market/Bridging%20loan%20completions.png)
Investors were licking their wounds yesterday after the Purplebricks’ share price plummeted by 60% off the back of warnings that it...
10 May 2023
From: Breaking News
![Agents Do Charity - hitting new heights](/upload/images/Shutterstock-only%20images/Special%20Logo's/AgentsDoCharity.png)
Check out some of the latest charitable endeavours from agency and property brands this week. If you have a charitable event or...
05 May 2023
From: Breaking News
![Light-touch Budget is no bad thing for the housing market](/upload/images/Shutterstock-only%20images/Property%20Market/Property%20Budget.jpg)
When Jeremy Hunt sat down in the Commons after delivering his first Spring Budget, I imagine there were many who felt...
18 March 2023
From: Features
![Purplebricks share price plummets as former agent makes £1 takeover offer](/upload/images/Shutterstock-only%20images/Property%20Market/FinanceCalculator-400x310.png)
Purplebricks’ share price has continued falling after it informed the markets that it is up for sale last week. The beleaguered agency’s...
21 February 2023
From: Breaking News
![Agents facing falling demand as asking price cuts rise](/upload/images/Shutterstock-only%20images/Property%20Market/DemandDown-400x310.jpg)
Property demand has dropped while price reductions have increased in recent weeks, data shows. Two separate pieces of industry data give new...
04 October 2022
From: Breaking News
![Mortgage warning! Product choice is dropping as rates rise for homebuyers](/upload/images/Housing%20Market%20%26%20Property%20Images/Mortgage-image400x310.png)
The number of mortgages available to borrowers has hit the lowest level for more than a year, Moneyfacts has warned. Analysis by...
13 September 2022
From: Breaking News
![Cost of living crisis makes simple bills more crucial than ever for agents](/upload/images/Rental%20Market/PayingBills-400x310.jpg)
Unless you have been living under a rock since the end of last year, you won’t need to be told about...
29 June 2022
From: Features
![Over And Out - An Editor Departs…](/upload/images/Site%20logos/eat-logo-400x310.png)
For the record, this isn’t my last Industry Views for Estate Agent Today, although by the time you read this I'll be...
02 April 2022
From: Features
![Do estate agents need more help with their mental health?](/upload/images/library/MentalHealthImage-400x310.jpg)
A high profile London estate agency has appointed two so-called Wellness Ambassadors to look after the mental health and wellbeing of...
22 March 2022
From: Breaking News
![Purplebricks shares hit new low as Ukraine fears hit UK property sector](/upload/images/Logos/Purplebricks-2019Logo-400x310.jpg)
Share prices of estate agencies and property companies plummeted yesterday as tensions continued to rise following the Russian invasion of Ukraine. Purplebricks...
25 February 2022
From: Breaking News
![Purplebricks admits uncertainty ahead after sharp drop in revenue](/upload/images/library/Purplebricks-2019Logo-400x310.jpg)
Purplebricks says there’s an uncertain period ahead following a sharp loss of revenue in the first half of its trading year. In...
31 January 2022
From: Breaking News
![Stock and appraisals plummet AGAIN according to RICS analysis](/upload/images/Logos/RICS-logo400x310.png)
There’s been yet another month of declining property listings according to the latest Royal Institution of Chartered Surveyors market snapshot. Those responding...
09 December 2021
From: Breaking News
![No good wishes from Purplebricks for outgoing top executive](/upload/images/Logos/Purplebricks-2019Logo-400x310.jpg)
Purplebricks’ official statement on the departure of chief marketing officer Ben Carter merely says he’s leaving at the end of the...
07 December 2021
From: Breaking News
![Purplebricks marketing chief quits after little more than a year](/upload/images/library/PurplebricksLogo2020-400x310.jpg)
Purplebricks chief marketing officer Ben Carter is quitting the company; he was appointed late last year. Carter tweeted this afternoon: “Some personal...
06 December 2021
From: Breaking News
![Propertymark blasts government as house building figures plummet](/upload/images/Politics%20(MPs%2C%20party%20logos%2C%20etc)/BorisJohnson-4-400x310.jpg)
Propertymark has criticised the government over poor house building figures. New figures from the Department for Levelling Up, Housing and Communities show...
01 December 2021
From: Breaking News
![Property sales plummet - but there’s nothing to worry about…](/upload/images/Housing%20Market%20%26%20Property%20Images/UK-Housing-1-400x310.jpg)
There’s been a dramatic 48.4 per cent fall in the number of property sales between September and October, reflecting the end...
24 November 2021
From: Breaking News
![Lies, Damned Lies, and House Building Targets](/upload/images/BTR%2C%20PBSA%2C%20Co-living/build-to-rent400x310.png)
We’ve probably all learned to be a little less cynical about politicians in recent weeks, given the tragic events. We perhaps...
30 October 2021
From: Features
![Fall-throughs plummet but market crash possible, warns analyst](/upload/images/Housing%20Market%20%26%20Property%20Images/HousingMarket-1-400x310.jpg)
Remarkably, just 11 per cent of property sales fell through in the third quarter of this year as buyers raced to beat...
13 October 2021
From: Breaking News
![Agency staff to get therapy help as they return to the office](/upload/images/Housing%20Market%20%26%20Property%20Images/MillennialAgents-Meeting-400x310.jpg)
A London agency has launched a Wellbeing At Work initiative to help agents and other staff as they return to the...
10 September 2021
From: Breaking News
![It’s over: Market frenzy settles down to near-normal business](/img/default/eat.png)
Agents are reporting fewer sales and fewer deals above the asking price, as summer and the tapering stamp duty holiday take...
20 August 2021
From: Breaking News
![Size Matters: Houses get smaller as prices soar](/img/default/eat.png)
The average size of homes in England has plummeted by over 10 per cent in the past four decades. Research from ElectricalDirect...
17 August 2021
From: Breaking News
![Still a Seller's Market - demand dips but supply shrinks further](/img/default/eat.png)
Yet another housing market snapshot is reporting the stock of property for sale plummeting further downwards. Property website Home says that while...
13 August 2021
From: Breaking News
![Conveyancing leader wants much slower phase-out of stamp duty holiday](/img/default/eat.png)
The head of one of the UK’s largest conveyancing legal practices is warning the property market could “fall off a cliff...
24 May 2021
From: Breaking News
![2020 review - property market survives everything that’s thrown at it](/img/default/eat.png)
Well, what a year it has been for everyone, including the property market. I don’t think there’s anyone out there who...
19 December 2020
From: Features
![Would YOU say this to vendors? “Sell now before prices crash”](/img/default/eat.png)
An estate agent in Liverpool has adopted the unusual technique of urging vendors to sell now “before prices crash.” Clearly unworried about...
05 October 2020
From: Breaking News
![Redundancies, PropTech and furlough cash help Hunters recover](/img/default/eat.png)
Franchise network Hunters has recorded strong figures for the first half of 2020 but a trading statement reveals the measures it...
30 September 2020
From: Breaking News
![Profits and revenue slump for Winkworth as franchise interest slows](/img/default/eat.png)
Franchise giant Winkworth has reported an 11 per cent drop in gross revenue and profit plummeting 20.2 per cent in the...
10 September 2020
From: Breaking News
![How could the recession affect the property market?](/img/default/eat.png)
It was officially announced last week that the UK is in recession for the first time since 2009, and although this...
22 August 2020
From: Features
![Chinese buyers surge to UK - because of stamp duty or Hong Kong?](/img/default/eat.png)
The stamp duty holiday running until March next year has triggered a surge in interest in UK property from Hong Kong...
21 August 2020
From: Breaking News
![Fewer jobs advertised for agents as industry climbs out of lockdown](/img/default/eat.png)
The number of jobs advertised as available in the UK real estate sector plummeted from 14,000 at the end of the...
13 August 2020
From: Breaking News
![First time buyers lose out whatever happens to house prices - claim](/img/default/eat.png)
Many young people are stuck unable to purchase their first home even if house prices fall in the wake of the...
13 August 2020
From: Breaking News
![Purplebricks delays changes to fees structure until the autumn](/img/default/eat.png)
Purplebricks says changes to its fees structure - possibly becoming less reliant on controversial upfront charges - has been delayed until...
03 August 2020
From: Breaking News
![Younger buyers’ moving plans hit by mortgage changes - Zoopla](/img/default/eat.png)
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
![New homes delivery to plummet by a third despite high demand](/img/default/eat.png)
There’s been a big rise in demand for new-builds since the lockdown according to figures from Knight Frank - but the...
23 June 2020
From: Breaking News
![Horses for courses - the rise of the personal agent](/img/default/eat.png)
The phrase ‘game-changer’ has been hugely overused. But when applied to how Covid-19 is changing the way estate agents will work...
20 June 2020
From: Features
![The stricter the lockdown ‘the faster housing market recovers’](/img/default/eat.png)
An analysis of seven countries which underwent different forms of lockdown during the pandemic suggests the British and Italian housing markets...
21 May 2020
From: Breaking News
![Demand plummets for ultra-expensive London homes, says agency](/img/default/eat.png)
London estate agency Benham & Reeves says there’s been a sharp fall-off in demand for ultra-expensive homes in prime suburbs of...
21 May 2020
From: Breaking News
![The final stages of Section 24 – where does this leave the PRS?](/img/default/eat.png)
This month saw the introduction of the final stages of the Section 24 tax changes, first introduced in April 2017. Whereas buy-to-let...
18 April 2020
From: Features
![Agents Jobs At Risk: furlough scheme must be longer says industry chief](/img/default/eat.png)
A high number of agents across the country have been furloughed in recent weeks and are now at risk of losing...
16 April 2020
From: Breaking News
![New listings on portals plummet to under 10% of previous levels](/img/default/eat.png)
One of the first analyses of portal listings since the start of the Coronavirus crisis shows that new listings have plummeted...
09 April 2020
From: Breaking News
![Sales to crash by 60% says Zoopla: will estate agents survive?](/img/default/eat.png)
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
![Foxtons chairman to stand down next week](/img/default/eat.png)
Foxtons has this morning announced that chairman Garry Watts is to retire from his position on March 1. He is also quitting...
20 February 2020
From: Breaking News
![Foxtons: another big sales slump revealed in trading statement](/img/default/eat.png)
Foxtons's trading statement this morning reveals another huge slump in sales - but no new announcement about future branch closures after a spate...
30 January 2020
From: Breaking News
![Home ownership amongst young people up after a decade of decline](/img/default/eat.png)
The proportion of 25 to 34 year olds who own their own home in England has risen for the first time...
24 January 2020
From: Breaking News
![Corbyn Road homeowners say they fear a price fall](/img/default/eat.png)
Home owners on Corbyn Road in a Midlands town are seeking a name change because they fear house prices will plummet. The...
16 December 2019
From: Breaking News
![Prime London new build sales plummet even before SDLT surcharge](/img/default/eat.png)
The latest figures from investment consultancy London Central Portfolio suggests new build sales have plummeted in prime areas of the capital...
28 November 2019
From: Breaking News
![Supply plummets 10% across the UK - and crashes 30% in London](/img/default/eat.png)
The listings website Home, which conducts a monthly survey of asking prices and wider market monitors, is reporting a show 10...
15 November 2019
From: Breaking News
![Shock advice to buyers: Consider waiting in case Labour scraps SDLT](/img/default/eat.png)
Until now General Election pledges of stamp duty reforms were restricted to the Conservatives - but now a tax consultancy says...
06 November 2019
From: Breaking News
![Agents Do Charity - as temperatures plummet](/img/default/eat.png)
It may only be October 4, but temperatures have already started to drop this week as preparations for winter begin. As we...
04 October 2019
From: Breaking News
![House values could plummet 20% in pollution hotspots, new service claims](/img/default/eat.png)
It’s been revealed this morning that the organisation behind a new clean-air website is encouraging buyers to seek reductions of as...
17 September 2019
From: Breaking News
![London is only region to see rise in repossessions](/img/default/eat.png)
A new analysis of privately owned homes with mortgages outstanding shows repossessions have risen in London - but they’re down in...
29 August 2019
From: Breaking News
![Third of London vendors slash asking prices pre-Brexit, says agency](/img/default/eat.png)
The London market has “plummeted” because almost a third of vendors have cut their asking prices in anticipation of Brexit. Using data...
27 August 2019
From: Breaking News
![Now is not the time for ‘BoJo Bravado’](/img/default/eat.png)
If you’d asked me at the start of the year how I thought the political landscape might look now, I wouldn’t...
03 August 2019
From: Features
![Flipping Well: buy and sell within a year makes £30k on average](/img/default/eat.png)
Those who bought and sold the same property in 2018 made an average of £30,150 - but the number who do...
29 July 2019
From: Breaking News
![The market’s in good shape, new mortgage figures suggest](/img/default/eat.png)
Data from UK Finance, which represents most of the country’s lenders, shows that gross mortgage lending across the residential market in...
25 July 2019
From: Breaking News
![Cash buyers pull out of property as Brexit worries bite](/img/default/eat.png)
The number of cash buyers in London has recently plummeted by very nearly a fifth - and every other part of...
26 June 2019
From: Breaking News
![Transactions plummet - agents' fingers crossed for rest of 2019](/img/default/eat.png)
The number of residential property transactions in May was a thumping 11.3 per cent lower than the same month last year,...
24 June 2019
From: Breaking News
![Property Natter - talking women in property, Brexit investment and PropTech](/img/default/eat.png)
In the first Q&A Natter for a while, I catch up with Angelica Donati - CEO of Donati Immobiliare Group, PropTech...
01 June 2019
From: Features
![Countrywide’s biggest critic says: “Here’s my plan to save the firm”](/img/default/eat.png)
Countrywide’s shares took another battering yesterday as they plummeted below the psychologically-painful 5p mark - reflecting a 95 per cent loss of...
30 May 2019
From: Breaking News
![What would a Corbyn government mean for sales and lettings?](/img/default/eat.png)
While media attention has been on Theresa May, Brexit and the Tories, chatter in the agency industry has been about what...
25 May 2019
From: Features
![Brexit snub: EU movers' interest in UK plummets since 2016](/img/default/eat.png)
Home movers from the European Union have become less interested in moving to the UK, according to new research. Analysis of over...
14 May 2019
From: Breaking News
![“Sales go on falling and falling” warns London property consultancy](/img/default/eat.png)
Respected investment consultancy London Central Portfolio is warning that “sales go on falling and falling” across the capital, fuelled by Brexit...
30 April 2019
From: Breaking News
![Stamp Duty plummets by £1 billion following surcharge backfire](/img/default/eat.png)
New figures from HM Revenue and Customs suggest that stamp duty receipts have fallen by no less than £1 billion. The drop...
25 April 2019
From: Breaking News
![Some London houses 25% below peak as transactions plummet - new index](/img/default/eat.png)
It’s a new index but it tells an old story - how prime central London prices have dropped significantly since their...
25 April 2019
From: Breaking News
![Another property tax backfires on government as revenue plummets](/img/default/eat.png)
HM Revenue & Customs is set to pocket £60m less from one of its property taxes than it forecast. An analysis of...
10 April 2019
From: Breaking News
![Instructions dip 4% across UK but plummet 19% in London](/img/default/eat.png)
Latest data from property platform Home suggests that instruction numbers across the UK as a whole are down four per cent...
13 March 2019
From: Breaking News
![Foxtons rules out new branch closures but suffers huge fall in transactions](/img/default/eat.png)
Foxtons has ruled out further branch closures as it continues to struggle against what it calls “the continued weakness” of the...
28 February 2019
From: Breaking News
![Prime Central London transactions now only 50% of 2013 levels](/img/default/eat.png)
Strutt & Parker says transaction levels in Prime Central London, already at a low ebb, plummeted a further nine per cent...
08 February 2019
From: Breaking News
![Foxtons could blossom 'by moving beyond London and going online' - Quirk](/img/default/eat.png)
The former chief executive of Emoov says he has the answer to Foxtons’ current downbeat performance - it should exploit its...
05 February 2019
From: Breaking News
![Agents' fees unchanged in past year but moving costs hit record high](/img/default/eat.png)
An annual study of transaction charges shows that house moving costs are now at a record average high of almost £10,000...
05 February 2019
From: Breaking News
![Foxtons sales plummet but lettings keep it above water](/img/default/eat.png)
Foxtons has reported further small slides in both revenue and profits for 2018 - but sales income plummeted from £43m to...
31 January 2019
From: Breaking News
![Online agents’ share of market collapses to well under 5%](/img/default/eat.png)
New figures show that online agencies’ share of listings of homes for sale has plummeted to 4.6 per cent. This is well...
20 December 2018
From: Breaking News
![Are online agencies in trouble? Investors will decide](/img/default/eat.png)
However mild the weather may have been for most of us, it’s a cold autumn for the online estate agency market...
10 November 2018
From: Features
![Market gloom from Savills: London, SE and Buy To Let downbeat for years](/img/default/eat.png)
Savills has issued its forecast for the housing market for the next five years, and while it highlights some bright spots...
02 November 2018
From: Breaking News
![Sales plummet thanks to Brexit and taxes says investment guru](/img/default/eat.png)
Transactions across England and Wales in September dropped 7.6 per cent year on year while Prime Central London now sees fewer than...
23 October 2018
From: Breaking News
![Cash buyers plummet - they're now only 30% of the market](/img/default/eat.png)
Cash used to be king in the housing market but new figures released today show that in the first half of...
22 October 2018
From: Breaking News
![More market woe as sales to first time buyers plummet to three-year low](/img/default/eat.png)
Sales of properties to first time buyers have hit their lowest level for three years according to data from the National...
01 October 2018
From: Breaking News
![New property listings plummet for third month claims online agency](/img/default/eat.png)
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
![Devastating impact of stamp duty revealed in buying agency's data](/img/default/eat.png)
Data from the buying agency Black Brick reveals just how big an impact has been made by the additional homes stamp...
22 August 2018
From: Breaking News
![Boris Johnson wants absurdly high stamp duty to be cut](/img/default/eat.png)
Boris Johnson is calling for a cut to Britain’s “absurdly high” stamp duty. Writing in this morning’s Daily Telegraph - the same newspaper...
13 August 2018
From: Breaking News
![Stamp duty receipts plummet £317m over the past year](/img/default/eat.png)
An analysis of HMRC stamp duty statistics for the second quarter of this year suggest that receipts are down 13.8 per...
03 August 2018
From: Breaking News
![Countrywide share price plummets after rescue plan announcement](/img/default/eat.png)
Countrywide's share price has dropped sharply following the announcement of the company's rescue plan - but the firm itself says this...
02 August 2018
From: Breaking News
![PropTech Today: What do Rightmove and WeWork have in common?](/img/default/eat.png)
There have been two stories dominating the PropTech headlines over this past week. As WeWork places a gentle arm around the...
01 August 2018
From: Breaking News
![Estate agency as it used to be - EAT looks back at 2008](/img/default/eat.png)
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
![Call for Countrywide management to quit after huge share price slide](/img/default/eat.png)
Senior management at Countrywide came in for a pasting on Twitter yesterday as TV market commentator and buying agent Henry Pryor...
26 June 2018
From: Breaking News
![Transactions plummet across UK and particularly London](/img/default/eat.png)
Transactions across Greater London have plummeted - they were down 7.9 per cent over the past three months and a whopping...
26 June 2018
From: Breaking News
![Countrywide share price plummets over 20% to lowest level ever](/img/default/eat.png)
Countrywide’s share price has taken a massive hit this morning - down well over 20 per cent - following a surprise...
25 June 2018
From: Breaking News
![Good news as mortgage arrears plummet to record low](/img/default/eat.png)
The housing market may have seen some depressing figures of late but there’s good news about mortgage arrears - they’re at...
11 May 2018
From: Breaking News
![OnTheMarket share price slides again - but that might mean nothing](/img/default/eat.png)
The share price of OnTheMarket slipped again on Friday - down around five per cent on the day and ending at...
26 March 2018
From: Breaking News
![Confidential Countrywide memo warns of 'challenging reaction' to figures](/img/default/eat.png)
The Countrywide chief executive, Alison Platt, is said to have warned staff that the reaction from the markets and shareholders to...
22 January 2018
From: Breaking News
![Branding - game, set and match to the onliners?](/img/default/eat.png)
According to The Branding Journal, a brand is “a name, term, design, symbol, or any other feature that identifies one seller's...