EYE NEWSFLASH: Dexters delivers 17% rise in profits on back of rapid expansion
London’s largest agency by volume saw profits rise by 17% to almost £50m last year
Marc da Silva
Renters’ Rights Bill enters Lords committee stage today
Members of the House of Lords will begin their detailed examination of the Renters' Rights Bill in committee this afternoon
BTL landlords will ‘continue to prosper’ despite new bill
The Renter’s Rights Bill will not hamper the profitability of being a buy-to-let landlord - FCC Paragon
Mortgage completions surged 50% in March as buyers rushed to beat stamp duty deadline
Completions surged last month
Average two-year fixed mortgage rate falls below five-year rate
A typical two-year fixed rate mortgage is now lower than the equivalent five-year for those with large deposits for the first time since the mini-Budget
Independent estate agency completes acquisition of rival firm
The estate agency expands presence with takeover of its seventh high street office
Rogue landlord ordered to pay more than £47,000 over rat-infested flat
Unscrupulous landlord punished for 'unsafe and filthy conditions'
Dexters acquires fourth independent estate agency in just one month
Recent acquisitions plus the opening of two new Dexters offices in Surbiton and Canada Water have enlarged the group’s portfolio of local high street London offices by 12 in recent weeks
Property industry reacts to latest UK house price data
This latest rise in house prices follows a particularly active first quarter of the year
What is currently happening in the UK property market?
More than 21,000 homes sold STC this week, yet estate agents overvaluing continues to hold the market back
‘Upwards pressure on rents is likely to intensify as landlords leave the sector’
Letting agents are managing multiple applicants for every available property amid fierce competition
Comings & Goings
Snippets of industry news: Cushman & Wakefield names new chief executive; Knight Frank forms new UK Board; New appointment at Harding Green after Cluttons exit
OPDA launches new member accreditation scheme
Accreditation programme aims to improving how property data is shared and used
TPFG agrees long-term agreement with Let Alliance and HomeLet
TPFG has agreed an exclusive deal for its 15 agency brands
Winkworth full-year results revealed
Estate agency group says almost half of its franchises and the vast majority of their London offices are now in the top three slot by market share in their local area
Sharp drop in rental properties as BTL landlords flee the market
The rental market is experiencing an accelerated adjustment phase as supply constraints intensify and rental costs continue their upward trajectory
Mortgage price war hots up as major lenders cut rates – others ease rules
From rate cuts to changes to affordability criteria, mortgage lenders are doing everything they can to win new business
Government urged to back ‘sensible proposals’ to ensure Renters’ Rights Bill works in practice
Ahead of Committee Stage of the Bill in Lords, the NRLA is calling on the government to back a number of amendments proposed by peers in the House of Lords
Comings & Goings
Snippets of industry news: CBRE UK and Ireland chief executive to step down; Ex-Hamptons senior manager joins Moveli; ASAP hires COO
Estate agency giant completes strategic acquisition
Independent estate agency is the latest firm to join the fast-growing group