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Rightmove chairman sells shares worth £4.23m
Rightmove chairman Scott Forbes (pictured, right) has sold shares in the company worth £4.23 million, taking advantage of a recent spike in its share price. It has jumped in value by £2 to £43.63 or...
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Watch out for increased high street agent fees following ban, Upad tells...
Online letting agent Upad has warned landlords to watch out for traditional high street agents who increase their fees to them in a bid to recoup lost revenues following the fees ban. “Landlords should...
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Buy-to-let tax squeeze should be “scrapped” says high profile Tory peer
A former Tory grandee has criticised the government’s recent buy-to-let tax tax squeeze, describing it as “ill conceived”. Former Tory vice-chairman and shadow Vice Secretary to the Treasury Lord...
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General election reduces ALL housing market indicators
Not many agents have thanked Theresa May for holding a general election during the crucial summer months, and now the extent of the damage being caused by the campaigning is laid bare. All the UK’s...
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Gary Lineker joins Zoopla to back home insurance disruptor Neos
Neos, the home insurance digital disruptor backed by ZPG that believes it is the “‘future of insurance” has raised a further £5 million in a round of funding lead by insurance giant Aviva but also...
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Tech firm about to launch live mobile-based 360-degree virtual property viewings
LtoR: EyeSpy360 CEO Andrew Nichols and COO Michael Valentine. A 360-degree tour tech firm is to launch a real-time service that will enable agents to offer virtual property viewings. The system, it...
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More landlords using letting agents, research shows
The doom mongers who said escalating costs for landlords created by the recent tax squeeze and the looming letting fees ban would encourage more to self-manage appear to be wrong. Research by the...
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Purplebricks shares jump by £45m in one day
Purplebricks shares rose by 4.32% or £45.8 million yesterday during trading on London’s AIM, valuing the hybrid estate agency at £1.11 billion. At the end of trading, Purplebricks shares price stood at...
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Newport landlord is first to be fined for non-compliance with Rent Smart Wales
The first fine has been issued to a landlord for not being registered or licenced under the Rent Smart Wales scheme. Landlords who rent out properties in Wales have, since November 2016, been required...
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Over 800 OnTheMarket agents have returned to ZPG, says Goddard
ZPG has today claimed that 808 branches have returned to its portals over the past two years from rival OnTheMarket.com since Agents Mutual launched it in 2015. And ZPG senior figure Mark Goddard...
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NAEA rebuffs attempt to halt election for Vice President
An attempt to halt the voting process for the post of Vice President of the National Association of Estate Agents (NAEA) has been turned down by Chief Executive Mark Hayward in an email sent to...
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Letting fees display rules enforcement is weak or non-existent, research reveals
The fees display regulations introduced two years ago to force agents to show how much they charge tenants remain largely unenforced, research by the National Approved Letting Scheme (NALS) has...
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Govt lettings squeeze drives up rents as landlords exit
The number of properties available to rent has fallen and prices are rising as the government’s recent Stamp Duty and tax allowance changes take their toll on the the lettings market, says franchise...
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Mandatory three-year tenancies questioned by leading lettings agent
The UK’s largest lettings agency Belvoir has set itself against all the mainstream political party manifestos and the Association of Residential Letting Agents (ARLA) by questioning the need for...
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Top high street firms outperform online agents, research shows
The top-performing high street agents in the UK outperform online agents in all areas including achieved asking price and time taken to sell, it has been revealed. Research by consumer advice website...
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Boxing event raises £18k for Noah’s Ark Children’s Hospice
A charity boxing event held in association with Landlord Action and sponsored by Hamilton Fraser raised £18,000 last week for Noah’s Ark Children’s Hospice. The sell-out Rumble with the Agents evening...
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ZPG buys share in Dubai-based Propertyfinder portal
ZPG has made a surprise investment in Dubai-based property portal owner Propertyfinder Group (PFG) for an undisclosed sum, giving it a door into the global property market in the Middle East and North...
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Rents drop across the UK as government measures hit landlords
Rents are tumbling across many parts of the UK according to the latest rental index from referencing firm Homelet, whose Chief Executive has questioned the wisdom of recent government measures to...
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Incomplete rental check-in paperwork still a problem says TDS
Do you know what’s fair wear and tear when working out how much of a tenant’s deposit to return? If the answer has not immediately sprung to mind then it may be time for a refresher on check-in...
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Countrywide CFO Jim Clarke retires, replaced by former G4S finance chief
Countrywide’s long-serving Chief Financial Officer Jim Clarke is to retire in July, making way for Himanshu Raja, who joins the company’s board on Monday and will take up position in August. Jim Clarke...
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