OnTheMarket owner sees solid growth with a 12% revenue increase
In its investor presentation, CoStar said OnTheMarket now has close to 17,000 agent branches advertising, with average monthly visits for the portal up 78% year-on-year
Marc da Silva
How can an estate agency ‘justify charging a purchaser in this way’? Kirstie Allsop vents her annoyance
Property TV presenter Kirstie Allsop shared her thoughts on social media
Trio jailed for kidnapping purported landlord at knife-point
A trio of vigilantes have been jailed following a violent revenge against a purported landlord who fleeced them out of a deposit for an uninhabitable flat
One in 20 tenants have missed rent payments over the last 12 months
Missed payments are no longer isolated events and are becoming part and parcel of people’s everyday lives as the squeeze on household and personal finances continues to take its toll
Insolvency service targets covid loan abuse
Property professionals among more than 830 directors banned for cheating on covid loan
UK housing decarbonisation to accelerate by up to 13 times faster under Labour plans
Labour’s manifesto commitments could result in emissions reductions of over 13 million tCO2e by 2030 for UK housing, compared to around 900,000 tCO2e of reductions at the current rate
What would the Monopoly board look like with modern house prices?
The original 1935 order of the Monopoly board was loosely based on property values at the time, but what would it look like now with 2024 house prices?
EYE NEWSFLASH: Connells Group announces appointment of new CEO
Richard Twigg, interim CEO, will revert to his formal role of chief finance and commercial officer; successor returns to estate agency after a decade away
Buyer representation, ‘the next chapter in British estate agency’, allows agents to potentially ‘double’ their earnings
A new buyer representation programme, driven by estate agency trainer Richard Rawlings, has been launched by eXp UK - will other agencies follow?
Major property firm set to acquire rival in blockbuster deal
The purchase is unconditional and will complete shortly
Nationwide reintroduces sub-4% fixed mortgage rates
Mortgage lenders have been busy competitively repricing against each other over the last fortnight
Regional property firm agrees shirt sponsorship deal with EFL football club
The collaboration with the football club is indicative of the investment the property company is putting into supporting growth and development in the local area
Referral system earns agents significant additional revenue – claim
Referrals are a great way of generating extra income
Comings & Goings
Snippets of industry news: Associate director joins Savills from CBRE; Walker Singleton announces two senior promotions; Directorate change at Persimmon
‘Cash flow is the biggest barrier’ to agents embracing technology
Roundtable featuring Michele Gettins, Charlotte Jeffrey-Campbell, Tim Barnett, Gary Barker, Katy Billany, and Ian McKenzie agree that innovation is often a differentiator for estate agents
Are you familiar with the Renters Rights Bill?
The new Renters’ Rights Bill will likely move forwards many aspects that were proposed in the previous Renters’ (Reform) Bill under the previous Conservative government
Zoopla calls for mandatory training for agents
Advisory board on behalf of Zoopla has written a letter to the government outlining recommendations which it believes builds on planned proposals
Law Society survives no confidence vote at Special General Meeting
Following the release of the TA6 Property Information Form (5th edition) (2024) in March, The Property Laws Action Group called for a SGM to debate and vote on a motion of no confidence
New agency launches aiming to undercut rivals with low fee
Roger Southam launches new agency eight years after selling Chainbow to Savills - the goal is to have 30,000 properties on its books within the next two to three years
Nationwide joins campaign to transform homebuying process
The move is designed to help digitise the homebuying process