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Letting agent spots an opportunity in town blighted by estate agency cartel
A Somerset letting agency based in Weston-Super-Mare has spent £250,000 opening a branch in neighbouring Burnham-on-Sea to combat the “negativity” created by the illegal cartel uncovered by the...
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D-DAY for OTM? Portal to reveal first audited results since flotation – on...
Annual reports come and go at different times of the year from the industry’s corporate big hitters, but there’s only one everyone’s really been waiting for this year. And it’s due on Thursday, it has...
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He’s off again! Adam Day leaves EasyProperty to join newly-enlarged Emoov
The newly enlarged Emoov has recruited digital big hitter Adam Day to run its estate agency operation. Adam, who founded Hatched.co.uk, one of the first online-only agencies to launch in the UK in...
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Purplebricks USA speaks at workshop designed to help legislators prevent...
Purplebricks USA says its appearance yesterday at a Federal Trade Commission and Department of Justice workshop in Washington DC was in part to help the country’s legislators prevent traditional...
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E-petition calling for withdrawal of landlord-bashing extra taxes receives...
A parliamentary e-petition has been started by a landlord calling for the government to withdraw both the 3% additional Stamp Duty for second home buyers, and the recently-introduced reductions in tax...
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High Court gives green light to Judicial Review of Right to Rent
A High Court judge yesterday gave the green light for a Judicial Review of the government’s Right to Rent scheme which, if successful, could see it withdrawn. Right to Rent requires agents and...
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OnTheMarket results reveal profits down 10% as tough market and online agents...
Today’s OnTheMarket results for the 12 months of trading prior to the company’s listing on AIM, revealing an operating loss of £10.8m created by ‘exceptional items’. Underlying profits were up by 67%...
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OnTheMarket to begin giving out 36.3 million unallocated shares to agents who...
OnTheMarket (OTM) has revealed that it is to begin using its war chest of 36.3 million unallocated shares to persuade agents to sign long-term deals with the portal. This, it has been suggested,...
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Agents taking longer to sell million pound homes, says Rightmove
Homes for sale over a million pounds are taking longer to sell, Rightmove has revealed. It’s latest monthly index shows that properties within this price bracket now take up to 99 days or...
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Is the Brexit effect on the property market beginning to wear off?
House price rises are beginning to stall as the UK’s housing market continues to be subdued despite strong levels of employment, the Halifax says, although recent declines in activity are levelling...
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Should Michael Gove’s tough love for the countrywide worry rural agents?
Rural agents could soon be in for a rough ride after Brexit if Michael Gove’s comments this week to Knight Frank’s blog are anything to go by. Tipped to become Home Secretary when Amber Rudd resigned...
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Tenant creditworthiness platform CreditLadder passes 1,000-branch mark
Rental payment recognition platform CreditLadder says it now has over 1,000 letting agent branches who have tenants on the service, making it the most widely available in the UK’s rapidly growing...
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More people renting second homes as Stamp Duty cools sales market for bolt holes
The sales market for second homes is under severe pressure from the recent Stamp Duty increases and more people are now renting instead of buying their pieds-a-terre flats and rural bolt-holes. That’s...
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Professional Indemnity
WHAT IS PROFESSIONAL INDEMNITY? Professional Indemnity (PI) is taken out by professionals who give advice or have a duty of care. Professional bodies such as naea|propertymark, RICS and NALS as well...
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Eleven million households ‘stuck’ outside or on property ladder, claims...
Over 11 million households in the UK cannot progress either into home ownership or up the property ladder for a variety of reasons, according to lobbying group Home Owners Alliance. Its latest...
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Over 60% of tenants offered insurance-based rental deposits take it up
Over sixty percent of tenants offered an insurance rather than cash-based rental deposit scheme at one of London’s largest new-build rental apartment developments have chosen to do so, it has been...
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How the once mighty HAS fallen: Foxtons share price drops to all-time low of...
The share price of Foxtons, once lauded as the fastest-growing and most successful estate agency in the UK, yesterday sunk to an all-time low of 62p, only 3p shy of the sector’s lowest-value stock,...
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Leicester begins banning To Let boards outside student properties
Leicester is the latest city to go live with a scheme that requires letting agents to apply for planning permission to erect boards in areas heavily dominated by students. The council yesterday...
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Strewth! Leading Oz trade body clashes with Purplebricks over advertising claims
Purplebricks has been called out by one of Australia’s leading industry bodies, which believes the hybrid agent’s advertising is “false” and “misleading”. The comments were made by Hayden Groves...
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Blurring of lines between traditional and online operations prompts ASA...
A leading estate agent in London and the South East has revealed to The Negotiator why one of its own clients referred it to the Advertising Standards Authority (ASA). The complainant, who has not...
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