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Increasing the value of your business
A great deal of my consultancy work these days involves helping business owners to increase the value of their businesses prior to a sale in a few years’ time. Letting businesses used to be valued on...
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London mayor performs U-turn on rent controls
London’s Mayor Sadiq Khan has revealed that he wants to see rent controls introduced in London. The news was leaked yesterday by a national newspaper after a letter from Khan to London Labour MP Karen...
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World first: House is sold via online auction run by AI bot
A property for sale in Ireland is the first to be sold via an online real-time auction run by an artificial intelligence (AI) based auctioneer. Operated by online auction firm clicktopurchase, it was...
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Purplebricks offers free service to 2,000 former eMoov and Tepilo customers
Emoov and Tepilo customers who have paid a fixed fee to sell their home but have yet to secure a sale will be offered a free service on Purplebricks, the company’s Group CEO Michael Bruce has...
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Christmas fear
HEADLINES Rightmove: “Subdued prices provide first-time buyer opportunity this autumn.” Home.co.uk: “Price cutting hits 7-year high as vendors’ patience wanes.” NAEA Propertymark: “Number of homes...
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Goodlord secures further £7m funding
Goodlord has announced the successful close of a Series B funding round. Following on from its 2017 £7m Series A round, the business has now secured a further £7m of funding, with the latest round led...
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Quality assets attract investors
Allsop’s latest residential auction defied perceptions of a challenging market, achieving a total of £42.5m from 155 lots. Achieving a success rate of 76 per cent, well above the industry average of 69...
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UK’s terrible broadband service is laid bare by report
A survey of over 250,000 homes in the UK has revealed the full horror of the nation’s poor national broadband service including thousands of streets where speeds are below one megabit per second...
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Google buys into UK property management platform AskPorter
Google has made its first investment in UK proptech with an undisclosed cash injection into artificial intelligence (AI) based property management service AskPorter. As well as money, the company is...
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Rightmove rolls out 3D virtual tours on mobile app and adds tab to website
Rightmove has secretly rolled out 3D virtual tours across its mobile platform and added a tab on its main website after many years of opting not to actively promote the technology across all of its...
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Maintaining positive relationships with vendors
JULIAN SAYS: You are right to address this as a matter of urgency. Failure to maintain positive relationships with existing vendors, in an effort to work as a team to make instructions more saleable,...
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Purplebricks UK profits jump but Oz and US continue to haemorrhage cash
Purplebricks has revealed increased profits and turnover in the UK over the past six months but overall its worldwide performance has been dragged into the red by ongoing losses in Australia and the...
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OTM nearly doubles its branch count in just ten months using freebie deals
OnTheMarket (OTM) now has 12,000 branches signed up to its service, the company has announced. This is just shy of double its branch count when compared to February when it went public on the AIM...
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Brexit bearing down hard on housing market, says RICS
In November the number of new sales listings coming on to the market fell at the fastest pace in over two years while the average estate agent stock level remains at a record low of 42 properties,...
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New algorithm plugs the Land Registry gap
A revolutionary, deep-learning algorithm has been developed to identify and uncover more than 1.1m extra residential titles missing from HM Land Registry, approximately 4.6 per cent of all residential...
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Conveyancing: cruise or crisis?
Very often, of course, it’s not. There are all sorts of reasons sales fall through, but poor or slow conveyancing is certainly a contributing, if not causal, factor in many cases. “I think a lot of it...
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Purplebricks share price plummets AGAIN to historic low
The Purplebricks share price has taken a hammering over the past week as investor jitters sent it plummeting by 26% prompted by bad news from Brexit, eMoov and its latest results. Its share price...
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Zoopla withdraws from Facebook Marketplace four months after joining
Zoopla has withdrawn from Facebook’s online selling platform Marketplace less than four months after joining it amid much fanfare. From today agents listing with Zoopla will no longer enjoy access to...
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Latest haul of expelled TPO agents revealed
Six estate agencies have been expelled or had their original banning periods extended by The Property Ombudsman (TPO) this month. London agency CityWest.co.uk and Ilford company Delta Homes London...
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Record £20,000 fine for unlicensed landlord with 62 properties
A Welsh landlord with 62 apartments within 16 rented properties has been fined a record £20,000 for failing to obtain a licence from Rent Smart Wales to operate them. Charles Baker of Cyncoed Road,...
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