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Industry bosses face a changed workforce after crisis, reveals poll
Two thirds of estate agents are now considering changing jobs following the Coronavirus crisis and six percent are contemplating leaving for good, a poll of 6,500 employees across the sector has...
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OnTheMarket offers joining estate agencies free listings and shares sweeteners
OnTheMarket is offering joiners a four-month ‘free listings’ deal alongside an enhanced shares package and sweeteners to persuade them not to list with other portals. Contracts issued to joiners will...
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373,000 SSTC properties waiting for Coronavirus lockdown to end
Estate agents worried about their cashflow can take some refuge in data released today that shows 373,000 properties have been frozen by the crisis with a combined commission value of £1.47 billion...
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HSBC pulls the plug on Buy to Let mortgages
HSBC has pulled the plug on its BTL lending, but there are still 42 active lenders in the business, even at the peak of the Covid-19 epidemic – according to Mortgages for Business, saying that, at the...
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New market insights service claims it will be first warn agents market is...
A group of leading property industry tech firms have united to offer agents a unique new – and free – property market insights service which, it is claimed, will be the first to spot when the sales...
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Mediation service launches to keep landlords, agents and tenants out of court
A unique mediation service to help landlords, letting agents and tenants resolve disputes without having to resort to courts has been launched by the Property Redress Scheme. The launch had been...
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Say No To Rightmove leader denies he’s working for other portals and calls...
The figurehead of the Say No To Rightmove campaign has faced down the criticisms levelled against him and the organisation including how he must be in the pay of OTM or Zoopla, is about to launch his...
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Petition launched to demand Rightmove is denied government bailout funds
A lettings agent has launched a petition calling on the government not to give funds to Rightmove following its announcement yesterday that it is now eligible for Coronavirus ‘big firm’ funding....
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1.6 million mortgage holders given payment holidays so far
Lenders have revealed that 1.6 million mortgage holders have been given payment holidays, or one in seven households with a home loan, since the scheme began in early March. The majority of these...
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UPDATE: Estate agencies who took CBILS loans not eligible for extra Bounce...
HM Treasury has released more details of its ‘bounce back’ Coronavirus loans system which SME estate agencies and other similarly-sized property industry companies will be able to access next week....
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Meet the social Swede helping agents find lock-downed buyers and sellers
Estate agents hoping to market their businesses via Instagram and Facebook as the nation hunkers down at tome to flick through their social media feeds are being offered a new system that’s already a...
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10% of agents have already left Rightmove, says poll of campaigning firms
A survey of members within the four ‘agents unite’ groups lead by Rob Sargent’s Say No To Rightmove Campaign has revealed that 10% have already left the portal. Also, a further two thirds will leave...
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Will lettings or property sales dominate the post-Coronavirus market?
Levels of private renting and mortgaged owner-occupation are changing due to a combination of structural and short-term drivers. Lucian Cook, Director, Residential Research at Savills has been...
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‘First Friday after lockdown will be busiest in letting industry’s history’
The first Friday out of lockdown could be one of the biggest moving days in the lettings industry’s history, predicts ARLA Propertymark’s Chief Executive David Cox. With the next crisis recovery...
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Haart launches service to help vendors get offers despite lockdown
Estate agency Haart has launched an online service that claims to help vendors receive offers on their homes despite the lockdown. Called Off Market it brings together vendors, their Haart agent and...
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‘Why we signed lease for a 10,000 sq ft new branch in middle of pandemic’
As most estate agencies hunker down during the Coronavirus lockdown, one company in Wales has taken the brave decision to lease a 10,000 sq ft new headquarters. Sales and lettings agency Jeffrey Ross,...
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‘Coronavirus is a unique opportunity to come together and bring Rightmove to...
The four ‘rebel’ estate agents leading the effort to bring Rightmove under control have called for agents to come together and collectively face down the portal, bring it under control and, if it...
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Exiting Rightmove agents share details of ‘bland’ emails sent urging them not...
Dozens of estate agents were busy yesterday sharing details of the impersonal emails they’ve been sent by their Rightmove account managers following their decision to quit the portal. Many claim to...
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Strong optimism among agents that frozen sales pipelines will convert post...
An ongoing poll of estate agents has revealed so far that up to a third of agent believe that between 61% and 80% of their frozen property sales pipeline will eventually exchange and then complete...
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Number of property sales dropped by 40% during March, official figures show
Everyone in the industry has been expecting it, but the latest official property sales figures from the Land Registry covering the first month of the Coronavirus crisis have been revealed. But...
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