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Tenant fees ban and extra red tape will cause ‘bonfire of the small letting...
The lettings sector is to see many smaller agencies exit the market as increased regulation and next year’s tenant fees ban began to bite, it has been claimed. Franchised lettings giant Belvoir has...
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First property, now petrol for serial investor and Zoopla founder Alex...
Zoopla founder and ZPG CEO Alex Chesterman ([pictured, right) has been revealed as a key investor in an unusual, if not bizarre, new business start-up, which is his 12th to date. Zebra Fuels offers...
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Lettings sub-contractor jailed for eight years after huge cannabis farm...
A man who worked as a lettings manager and builder has been jailed in Liverpool for eight years after using his network of 33 properties to set up a cannabis farm that turned over £7 million. For a...
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20% more landlords struggling with mortgage payments than a year ago
The number of landlords struggling financially has soared by 20%, figures from UK Finance, the organisation replacing the Council of Mortgage Lenders, reveal. Its latest market report shows that the...
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Think again about “simplistic” longer tenancies, landlords warn government
The National Landlords Association (NLA) has called on the government to think again about its proposed longer tenancies legislation following a meeting with new junior housing minister Heather...
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OnTheMarket shares begin trading at £1.63p
Shares in OnTheMarket began trading on London’s AIM stock market today kicking off at £1.63.5p, valuing the company at £29.3 million, and quickly rising by 2p to £1.65. The OnThemarket shares issue,...
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The Negotiator Conference & Expo 17
Adam Day, David Cox, Perry Power, John Hands, Justin Webb Hosted by the much admired Justin Webb, a senior BBC journalist and presenter of BBC Radio 4’s Today programme, The Negotiator Conference 2017...
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Stamp Duty changes to blame for 14% dip in property sales volumes says Your Move
The changes to Stamp Duty ushered in by George Osborne in 2014 have reduced property sales in London and the South by up to 30%, analysis of Land Registry data has revealed. The number of homes sold...
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Traditional agents just ‘twiddle their thumbs’ in their high street branches,...
A video published recently on YouTube by Purplebricks suggests that traditional estate agents just sit and “twiddle their thumbs” in their high street branches. The 30-second video, which has attracted...
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OnTheMarket shares drop by nearly 15% following Friday’s launch
Shares in the property industry’s newest public limited company OnTheMarket have dropped by nearly 15% since it floated on the Alternative Investment Market (AIM) on Friday morning, including an almost...
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Nottingham gets green light to restrict To Let boards again after ‘crime...
The City of Nottingham has been given the green light to continue severely restricting the use of To Let boards by agents for a further five years, after it was claimed that a previous control order...
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Leading council not collecting a third of fines levied on rogue agents and...
Over a third of fines levied since September last year by Brent Council, one of the UK’s most enthusiastic prosecutors of rogue letting agents and landlords, have not been collected, it has been...
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City’s biggest Purplebricks backer faces tougher times
Traditional agents who are unhappy about the rise of the UK’s largest hybrid agency Purplebricks may find succour in the declining fortunes of its biggest backer, investment fund manager Neil Woodford...
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Huge difference in traffic to three main property portals revealed by latest...
ZPG has revealed how much traffic it drives to its various property portals and, the latest figures show, they were visited 68 million times during January, trailing Rightmove by 52 million visits on...
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Rogue estate agent forced to cash in pension to pay back fraud victims
A rogue estate agent has been reduced to living in a caravan and has had to cash in his pension after being returned to court two years after initially being convicted of fraud to pay back the friends...
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Both Purplebricks and OpenRent change claims made on their websites following...
Two of the UK’s largest online agents have been reported to the Advertising Standards Authority (ASA) about misleading claims on their websites. The first is Purplebricks, its 11th referral since it...
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OnTheMarket founding agency Douglas & Gordon signs up with ZPG
Douglas & Gordon, one of the most vocal founding members of OnTheMarket.com, has returned to ZPG on an unspecified but likely five-year deal. The 18-branch agency, which is one of London’s...
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Don’t blame flat property market on recent interest rate rise, says Bank of...
The impact of last November’s half-a-percent interest rate rise on home buyer confidence has been offset by the UK’s cheap and readily-available mortgages, the Bank of England (BoE) has revealed in its...
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42% of tenants still unhappy about “excessive fees” despite looming ban
Despite the looming fees ban due next year tenants say their number one gripe about renting a property continues to be the “excessive fees” they are charged by agents, it has been claimed. Lettings...
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OnTheMarket targets independent agents as it launches war with ZPG
OnTheMarket has come out fighting five days after its stock market flotation, telling its new City backers that the company is to target independent agents and has already signed up 81, with more in...
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