Bank of England set to raise interest rates to 4%
Bank of England poised to raise interest rates for 10th time in a row
TOP NEWS STORIES
Landmark ruling raises concerns over privacy ramifications for property developments
The owners of flats overlooked by famous art gallery win privacy battle in Supreme Court
Why are private sellers allowed to list on Rightmove?
Rightmove has long said that it provides a platform for ‘estate agency work’, but latest advert invites people to advertise property privately on the platform?
Estate agent enters Love Island as a new contestant
Samie Elishi, a senior estate agent coordinator, joins Love Island’s 2023 winter series
Comings & Goings
Snippets of industry news: Well-known estate agent sets up buying service; Dan Fox promoted to head of sales at Savills; Andrew Robinson joins Lee Baron
Demand for energy-efficient homes increases by over 20%
A growing number of homeowners are looking for energy-efficient properties to help cut future costs and protect the environment
Almost half of Brits would like to see leaseholds abolished
A YouGov polls has revealed strong support for radical reform of the current system
North-South house price divide narrows
The North has enjoyed a stronger performance of late where house price appreciation is concerned
PRS value showing solid growth since 2019, study reveals
Sirius Property Finance warns capital gains tax hikes could scare those benefiting from the increase
Big jump in HMRC stamp duty take for 2021-22
Latest data reveals billions in extra receipts filling the tax authority’s coffers
Poll reveals youngest homeowners most likely to opt for tracker mortgages
Uswitch study throws light on mortgage choices among different age groups
Property firm launches menopause awareness campaign
The campaign comes as the government rejects proposals for ‘menopause leave’ pilot schemes and changes to the Equality Act to make menopause a ‘protected characteristic’
Estate agent wins £30,000 payout after bosses make ‘life difficult’ for him
The agent sued his employers for unfair dismissal
Well-established franchisee completes acquisition of independent agency
The acquisition is the fourth in recent years by the well-known franchisee
OnTheMarket views investor’s proposals as ‘detrimental to stakeholders’
A spokesperson for OnTheMarket told EYE that the board was not interested in the proposals put forward by the non-shareholder to revamp the business
House price growth continues to fall ‘as buyers tighten their purse strings’
Buyers are cottoning onto the fact that purchasing power is now in their hands
Notable change in the letting market ‘is clearly on the way’, says Knight Frank
Rising mortgage rates and the accompanying downwards pressure on prices means more owners are weighing up their options
Concerns raised over rising number of agreed sales collapsing
There has been a spike in the level of chains breaking down since Christmas, according to the NAPB
Callwell agrees long-term deal with Connells Group
Callwell technology is now used by over 10,000 sales and lettings agents across the UK
Belvoir sees 2022 results ahead of expectations but group warns on profits
Revenue hits record levels at Belvoir
UK housing activity slows sharply, new data shows
Overall, the cumulative downward effect from higher interest rates appears to be starting to weigh more heavily on the economy
Legal expert plays down possibility of leasehold system being abolished
Government plans lack detail and certainty despite Michael Gove’s commitment to reform, says Keystone Law’s Katie Cohen
Rents in England up 8% year-on-year, but voids rise
The East Midlands, Greater London, the North West, and the South East have all seen sizeable increases in their average void periods over the last month
Government urged to reinstate landlord tax relief as petition gains almost 32,000 signatures
Propertymark believes that a generous estimate of reintroducing mortgage interest relief would cost the UK government £1bn
Well-established mortgage broker buys rival firm
The Hogarth Property Group, which owned Orchards of London prior to the sale to Leaders Romans Group, has confirmed the deal
Strong 2022 equity release numbers tailed off towards year end
The Equity Release Council said the fourth quarter figures bucked the usual trend of Q4 being the busiest
TPFG upgrades full-year profit expectations
The Group achieved a strong performance in 2022 through organic growth in lettings and the full impact of the acquisition of Hunters in March 2021
Potential investor pens open letter to OnTheMarket stakeholders proposing change
US businessman says he has carried out in-depth analysis of the OnTheMarket business model and identified significant areas for growth, including a plan to challenge Rightmove and Zoopla
Redundancy process under way at Reapit
Group CEO issues statement, but refuses to deny that staff are at risk of redundancy