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SVA sells 90% of lots
SVA Property Auctions, Scotland’s independent property auction company, sold 90 per cent of the auction lots at its March auction raising £4 million from 31 lots. Lots for sale by the Scottish...
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Reapit buys TEAM and Mayfair Office estate agency software firm Resource...
Consolidation within the estate agency software sector continues apace following the announcement late on Friday that market leader Reapit has bought competitor Resource Techniques. It provides web...
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Tenant Fees Bill – MPs unanimously vote through second reading
Letting agents hoping for a miracle defeat for the Tenant Fees Bill last night in the Commons during its second reading were disappointed when it was passed unanimously by MPs following a three-hour...
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Humberts is saved! Holiday firm snaps up ailing agency for undisclosed sum
Ailing estate agency Humberts has been bought lock-stock by an upmarket UK holiday-home lettings and sales company called Natural Retreats. The deal, which is for an undisclosed sum, was brokered by...
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Citizens Advice attacks Tenant Fees Bill over ‘lost keys’ clause
Citizens Advice has attacked the default fees allowed within the government Tenant Fees Bill because it will create a loophole that unscrupulous agents could exploit. The independent advice...
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ZPG reports profits up by 41% before tax, helping sweeten Silverlake purchase
No wonder US private equity firm Silverlake is so keen to buy ZPG. The combined property, financial services and utility comparison firm has just announced its half year results, revealing group...
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Lock up your data!
Richard Jones of Foregenix believes the fact that most advice on the regulations has been tailored for larger companies hasn’t helped. “The danger is that smaller businesses were put off doing it...
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Artificial Intelligence firm offers first online binding offers for auctioneers
The online property execution platform, Clicktopurchase, has released ‘gAbi’, claiming to be the world’s first Artificial Intelligence operating property auctions. Until now, Clicktopurchase has...
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Leading estate agent changes website after complaint to advertising watchdog
A high profile Scottish estate agent has been forced to amend its website after claims that it offers a ‘fixed estate agency fee’ were challenged by a member of the public. MOV8 Real Estate, which is...
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Protecting the PRS
On 1st April, the DHCLG surprised us by announcing that significant but welcome changes were on the way for the Private Rented Sector. The Government wants to better protect the UK’s nine million...
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Property chain proptech firm hits £3m funding during latest cash call
A proptech start-up has gained millions more in funding to have a crack at improving the UK’s property chain system. When You Move has now topped a total of £3 million from investors after its latest...
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John Lewis signs landmark deal with rental proptech firm Canopy
The John Lewis Partnership has signed a deal with rental passport proptech start-up Canopy to offer its 85,000 John Lewis and Waitrose staff a comprehensive renting support service. Canopy offers both...
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This digital door app says it will revolutionise property access for agents
Sales and letting agents who curse their daily battle with keys and property access may soon have an easier life if a mobile-phone controlled door lock and property access system launched today takes...
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Online agents – the missing link
The result is rising costs for traditional estate agents whilst the buying and selling process becomes more protracted, expensive and stressful for individuals. The news follows a recent research note...
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All 33 London councils sign up to join Mayor’s new rogue agent database
The Mayor of London’s rogue agent and landlord list has gone live after all of London’s 32 boroughs and the City of London agreed to participate in the scheme. Mayor Sadiq Khan’s list includes...
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UK’s first council-owned online letting agent launches
A London borough has launched the UK’s first municipal-owned online-only lettings agency which tenants and landlords will deal with via a website and app. Called Bumblebee Property it was officially...
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Independent estate agents now only half the industry, claims Belvoir
Franchised estate agent Belvoir has somewhat cheekily suggested that struggling sales and letting agents worried about the tenants fee ban should join its network, as it reports a good first half of...
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97% of landlords in London don’t welcome pets
If there’s one thing landlords would appear to hate, it’s pets, a fact many letting agents in the UK are already aware of. But now fresh research into the subject has been released, rather fittingly,...
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A game of chance
HEADLINES Rightmove: “Prices hit record highs in first-time and second-stepper sectors.” naea | propertymark: “First time buyer stamp duty relief starts to make an impact – but more help is needed.”...
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Can this lending buy-to-let startup help agents sell more homes?
A buy-to-let finance start-up founded by the entrepreneur behind crowd-funding mortgage firm Landbay says it wants to help agents sell properties faster and in greater volumes. Officially launched...
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