Property giant agrees £580m deal with private equity firms
Significant property portfolio changes hands
Marc da Silva
What’s next? Nurtur unveils long-term growth strategy after Guild and Fine & Country sale
Nurtur says it is well-positioned for growth and to deliver further returns to shareholders in the medium-term
Homeless charity goes into administration after dispute with landlord
Homeless charity withheld rent from the landlord, claiming that some of the properties were ‘unfit to live in’
Up in smoke – stress takes its toll on estate agents
Estate agents revealed as the UK’s most prolific smokers, a study carried out to uncover the correlation between workplace stress and smoking reveals
Comings & Goings
Snippets of industry news: Industry veteran and ex-senior property partner at Purplebricks lands new role; Clive Beattie to leave nurtur.group; Housemark makes senior appointments
Housing market sees ‘flurry of activity’ as home buyers and sellers return
Although the gap between asking prices and market expectations continues to narrow, further realignment is required to keep the market moving
BTL landlords hit with £10k fine for unlicensed HMO
Local authority says it is committed to enforcing HMO regulations and ensuring that all rental properties meet required standards
Landlords increasingly favour investing in semi-commercial properties
New data reveals that landlords are increasingly looking to diversify their portfolios beyond residential properties
Estate agent wins ‘life-changing’ sum of money in postcode lottery
The estate agent won a significant sum of money after her dad's postcode was drawn as the winner of a £3.2mm prize
Jailed kidnapper of estate agent claims, ‘I’ll soon be free’
Murderer, now 82, abducted the estate agent at knifepoint while posing as a potential buyer for a house
Independent estate agency seeks new acquisition opportunities
The company is actively seeking acquisitions, joint ventures, and franchise opportunities
Rightmove pushes for housing market focus ahead of tonight’s general election leaders’ debate
The head-to-head debate between Rishi Sunak and Sir Keir Starmer will take place in front of a live audience on ITV
Estate agency director vows to help agents boost instructions and double their fees
UK estate agents are being grossly underpaid for the services they provide, says agency director
Alto launches AI-powered property descriptions
Houseful says this is just the beginning for AI-powered property descriptions on Alto, with much more to come in the coming months around elements like tone of voice
Estate agents eye summer rates cut to boost buyer activity levels
The IMF says rates should fall to 3.5% by end of 2025, but when will the Bank of England start cutting interest rates?
Lenders pull higher loan-to-value mortgages from sale
The fact that a few lenders are withdrawing some higher loan-to-value products may raise eyebrows, says finance commentator
Nearly half of BTL landlords focus on growing portfolio
Most landlords who will buy property are portfolio investors
EYE NEWSFLASH: TPFG’s acquisition of The Guild and Fine & Country confirmed
To fund the acquisition, which has just announced to the stock exchange, The Property Franchise Group has entered into a new debt facility with Barclays for up to £27m
The Property Franchise Group set to acquire Fine and Country
The acquisition is expected to include The Guild of Property Property Professionals
Comings & Goings
Snippets of industry news: RICS appoints new Standards and Regulations Board; Heaton & Partners look west; Valuation specialist returns to his native North East