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Purplebricks shares continue dramatic slide
Purplebricks shares nosedived by nearly eight percent yesterday, continuing a downward trend that has seen its shares drop from an all-time high of £5.13 each in July to £3.18 at close of business...
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Has a Welsh lettings industry consolidation begun as regulation bites?
The impact of greater regulation of the Welsh lettings sector via Rent Smart Wales and a likely copycat lettings fee ban in the pipeline appears to have persuaded one agent in Wales to offload its...
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Key TPFG shareholders support Belvoir merger talks
The merger of two of the UK’s largest lettings agencies took a step forward today after two key shareholders in The Property Franchise Group (TPFG), which owns Martin & Co, said they supported the...
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GoCompare board rejects offer by ZPG to buy company
ZPG has confirmed it has made an offer to buy insurance, mortgages and loans comparison site GoCompare.com but, after the deal was leaked yesterday, is now “considering its position”. Both ZPG, the...
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Salford landlord licensing scheme launch pushes UK total to over 530
Salford near Manchester is the latest council to go live with a Selective Licensing Scheme after launching its fourth scheme covering 23 roads in the Charlestown and Lower Kersal areas of the city....
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“Ill judged” Strutt & Parker advice to Millennials stirs up a Twitter storm
Strutt & Parker has prompted a Twitter storm today after releasing a report that suggested Millennial young couples should give up six ‘luxuries’ to save up enough money to get on the property...
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Letting agent defends sending out pre-emptive eviction notice letters
The letting agent that sent pre-emptive eviction notices out to all its tenants has defended his actions and said that “we had no other choice, my business could go bust” and that his business is...
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Regulator prosecutes its first non-compliant letting agent in Wales –£4,600...
The first letting agent in Wales fined under the recently-introduced Rent Smart Wales scheme must now pay over £4,600 in fines after a hearing at Cardiff Magistrates Court. As we have reported before...
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It’s over! Belvoir pulls out of merger attempt with Martin & Co parent company
Franchise letting agency giant Belvoir has ended its attempted takeover bid for rival The Property Franchise Group (TPFG), parent company of Martin & Co and five other brands including hybrid...
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OnTheMarket takes legal action to prevent agency’s return to ZPG
OnTheMarket has taken legal action against one of its departing agents just hours after it had announced a return to ZPG’s portals. West-Sussex 15-branch agency Henry Adams had announced it was to...
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Trainee letting agent spared jail after stealing £2,300 from tenants
The industry’s urgent need for regulation has been highlighted once more by a court case in Southampton, during which a repeat fraudster was successfully prosecuted for stealing at least £2,300 from...
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Jeremy Corbyn locks horns with Strutt & Parker over “ridiculous” first time...
Two of the unlikeliest political sparring partners locked horns over the weekend – agent Strutt & Parker and Labour leader Jeremy Corbyn. Commenting on Strutt & Parker’s press campaign last...
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Fed up with fake enquiries? New tool checks leads against social media profiles
A tool that automatically checks agents’ incoming vendor and buyer leads against their social media profiles has been launched. Recently-launched company OneDome, which has developed the tool, says it...
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Mandatory adding of rental payments to credit scores takes a step further...
The mandatory adding of tenants’ rental payments to their credit histories took a step further today. A Private Members bill introduced by House of Lords cross-bencher Lord Bird (pictured, right), who...
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Is the Brexit effect finally over? Conveyancers and lenders report improving...
Both conveyancers and mortgage lenders say the property market has recovered significantly in recent months, signalling a return to ‘business as usual’ in many areas of the country. This includes the...
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Is this the wiggle room Hammond needs? Property transactions rise by 9.2%,...
The number of residential property transactions during October increased by 9.2% year-on-year, according to the latest figures from HMRC. Last month 105,260 residential properties were sold above the...
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A question of property: Katie Griffin, President of the NAEA
Katie Griffin (pictured, right) is the President of the National Association of Estate Agents (NAEA) and only the second woman to have the job in the association’s 50-year history. Half way through...
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Two high-profile agents investigated by Advertising Standards Authority
Hybrid agency YOPA and London agency Marsh & Parsons have crossed swords with the Advertising Standards Authority (ASA) this week after promotional material they had produced were objected to by...
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Budget 2017 – big news for first time buyers, landlords and tenants
Chancellor Philip Hammond has made several key housing announcements that will impact both the sales and lettings sectors of industry and which he said was part of a £44 billion package. “House prices...
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Stamp Duty cut: First time buyers rejoice, but experts warn of price rises
If Chancellor Philip Hammond thought his Stamp Duty cut for first time buyers announced during yesterday’s Budget would get a unanimous thumbs up, then things definitely aren’t going to plan. Firstly...
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