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Profits jump by 61% at LSL Property Services
Profits at corporate giant LSL Property Services jumped by 61% during the first six months of the year to £14.3m from £8.9M, the company has reported. Unlike many of its PLC rivals including...
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Purplebricks shares drop by 6% following BBC investigation
Shares in hybrid estate agent Purplebricks dropped by nearly 6% following the BBC’s Your and Yours programme in which the company’s CEO Michael Bruce defended claims that it had made misleading claims...
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Why Foxtons’ results are even worse than its competitors
Proptech consultant James Dearsley (pictured, below) says Foxtons’ results revealed recently in its half-year results has been created by the legacy of its once might CRM system called BOS. The...
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Changes to the rules of longer tenancies
Longhold is not just an Assured Shorthold for the longer term. It is to provide conditions of tenure that would allow private rental property to be treated as a permanent home with the right to...
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Central London sales market turning a corner, claims LonRes
LonRes, the London property market fee sharing and data firm, says the capital’s central prime sales market is turning a corner after over three years of dipping transactions and prices. The company’s...
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OnTheMarket to end mutual status and float on AIM
The parent company of OnTheMarket.com, Agents’ Mutual, is to raise £50m on the Alternative Investment Market (AIM) of the London Stock Exchange 30 months after the mutually-owned property portal...
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Housing market needs 2 million new homes now to solve crisis
Former housing minister Grant Shapps has suggested that the time for radical solutions has come if the UK stands any chance of solving the current housing market problems. Shapps, who was housing...
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Dolls’ house listed by agent on Rightmove receives serious enquiries
If you think the pictures of this property for sale on Rightmove from Cotswolds and Warwickshire estate agent Peter Clarke & Co are a little odd, then you’d be right. Because the three-bedroom...
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Naming and shaming
There are three government approved redress schemes for estate and lettings agents; The Property Ombudsman (TPO), Ombudsman Services: Property and The Property Redress Scheme. It is a legal requirement...
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Rents rising again across the UK, index says
Average new tenancy rents in nine out of the UK’s 12 regions increased last month, according to the latest rental index from Homelet. The letting services firm says rents increased on average by 1.1%...
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ZeroDeposit start-up receives total £5m funding
Zero Deposit, the alternative tenant deposit scheme being set up by former ZPG commercial director Jon Notley has received a second round of funding taking the total invested so far to £5 million after...
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Sequence buys up its second agent in four weeks
Connells subsidiary Sequence has begun an aggressive push to buy up independent agents and has announced its second purchase this month via its main high street brand, William H Brown. Following the...
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ZPG says its vendor leads have surged by a third
ZPG has revealed that the number of vendor leads it has passed on to its agent customers has increased by a third just days after OnTheMarket announced it is to raise £50 via a flotation on the London...
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Barratt promises not to repeat ‘Stamp Duty paid’ claims
Developer Barratt London, which trades as BDW Trading Ltd, has been reported to the Advertising Standards Authority for an email it sent out to potential buyers. One of the recipients complained to the...
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Prime price discounts widening, says Home Owners Alliance
The extent of the pain being endured at the top of the sales market has been revealed by research from the Home Owners Alliance (HOA). Properties are being sold for up to 14.5% less than their asking...
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Do you want MORE?
Traditionally, agents rely on the big portals to promote their properties for sale or rent. This often generates enough interest. For some, however, it doesn’t bring the volume of enquiries they need,...
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First system of star ratings for letting agents launched
A council in London is to introduce the UK’s first local star ratings for letting agents. The London Borough of Newham is to publish a ‘star rate’ for all agents advertising properties for rent or...
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Rental market reform needs to go much further, say tenants
Three quarters of all tenants say banning fees should be just the start in the process of much needed rental market reform. Research by online letting agency LetBritain reveals that 67% of the 2,000...
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How to turn staff mugshots into great PR
“But I hate having my photo taken.” If I had a fiver for every time I’ve heard that from an estate agent I’d be writing this from a yacht in the Caribbean not my office in Eastbourne. Mr Angry: You may...
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UK increasingly a two-tier property market say surveyors
The Royal Institution of Chartered Surveyors (RICS) says the UK is becoming a two-tier property market featuring rising prices in Northern Ireland, the West Midlands and the South West but falling...
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