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It’s Facetime
Innovation initiated by technology – and specifically the rise of proptech – has inevitably brought with it an impact on how we buy and sell homes today. The majority of us are familiar with property...
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Ending Section 21 evictions will be a disaster, agents and landlords warn
The largest ever poll of landlords and letting agents conducted in recent times has found that 46% are expecting to scale back their activity in the private rental sector if the government ends...
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Rumours circulate that major US equity firm considering Purplebricks purchase
Rumours are beginning to circulate in the City that major US private equity fund Francisco Partners is considering buying the UK operation of Purplebricks. The hybrid agency’s share price spiked...
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Architect of Humberts’ hub strategy promoted to CEO
Tim Simmons, the co-architect of Humberts ‘hubs’ strategy, has been made its CEO after a six month stint as its Chief Operating Officer. Simmons worked closely with the CEO of Natural Retreats Matt...
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Jackson-Stops expansion continues with new Cheshire branch
Jackson-Stops is continuing with its plans to expand outside London with a new office in the celebrity-soaked Manchester commuter town of Alderley Edge in Cheshire. A former wine shop in the town is...
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Property transactions hold steady ‘despite Brexit’ worries
The latest property transactions report from HMRC covering April have revealed a small month-on-month dip in the number of residential sales to 99,420 but, when seasonally adjusted, show sales...
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Arun’s mortgage arm wins ‘local hero’ title
Mortgage Matters Direct, the mortgage arm of the Arun Estates Group, has been named one of the big winners in the inaugural NatWest Intermediary Solutions ‘Local Hero’ Mortgage Awards. Announced at a...
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Zoopla reveals major shake-up for its software services
Zoopla has revealed that it is to roll all its agent software offerings into a single, mobile enabled platform for its 10,000 estate agent customers over the next few years. The ‘new direction’ will...
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I know my rights! Increase in awareness of redress drives significant...
More and more consumers are now aware of their right to compensation when things go wrong in the property market which has helped double the number of cases handled by the UK’s leading redress scheme...
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Campaign grows to ban controversial short-let management agency’s tube ad
An advertising campaign launched by a controversial Airbnb management company has prompted an MP to write to Mayor of London Sadiq Khan to remove the poster ads from the city’s Underground stations....
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Purplebricks shares rally following rumours of US fund takeover
Following our story yesterday that major US equity fund Francisco Partners may be considering a takeover of Purplebricks, the agency’s shares staged a significant rally on the London Stock Exchange...
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Agent fined £3k after a tenacious Local Authority wins case
The Property Ombudsman has reminded all agents to ensure they have the correct redress membership to cover the work they undertake, after a letting agent was issued with a £3,000 penalty by their...
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JOHNS&CO partners with Richard House Children’s Hospice
JOHNS&CO, a London new homes agency, has announced its charity partnership with a local children’s hospice, hoping to raise £10,000 for Richard House Children’s Hospice in the Royal Docks. When...
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New homes coming in Powys
A highly desirable residential development opportunity has come to market in an idyllic village in Powys. The site situated in Llanddewi currently comprises five newbuilt houses and has planning...
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Tenant sues Savills for £100,000 after falling off security gate
Savills is being sued by a tenant for more than £100,000 after he fell off a security gate (pictured) at a property in North London. 49-year-old City financial sector worker Carlos Reguero Perez...
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Knight Frank reveals it uses Instagram as much as magazines for marketing
Knight Frank has revealed that it now has a small army of agents who use Instagram as ‘part of they day job’ across its business to service the agency’s growing customer base of social-media obsessed...
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Agents who break competition rules to face huge fines
The Competition and Markets Authority (CMA) has revealed that it intends to introduce substantial fines for the directors of estate agencies who are involved in illegal cartels. At the moment senior...
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Referral fees must be revealed after June 1st, says ombudsman
Ist June 2019 will go down in residential lettings history, as the Tenant Fees Act comes into force. But they won’t be the only new rules being introduced. The Property Ombudsman (TPO) scheme’s...
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Time taken to evict tenants increases by seven days to over 17 weeks
The time it takes landlords and letting agents to evict a tenant through the Section 21 notice eviction process is getting longer, official figures show, throwing the government’s plan to ban ‘no...
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Professional protection
All sales and lettings agencies must have Professional Indemnity (PI) to join The Property Ombudsman and any Client Money Protection scheme. It is also a pre-requisite of joining professional bodies...
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