UK Sotheby’s International Realty opens a new office in prime central London
The opening of the Knightsbridge office aims to increase local market share
Marc da Silva
BTL landlords paying 40% more mortgage interest YoY
Latest data shows mortgaged investors handed over an average of 37% of their rental income in mortgage costs, up from 28% a year ago
Supply-demand imbalance continues to push up rents
In September, there was an average of 19 renters per new instruction across London, says Foxtons
Well-established franchisee acquires independent estate agency
The estate agent, who already operates three branches, will be opening a fourth office following the purchase
UK estate agents earn lowest fees among world’s largest property markets
New analysis looks at how agent earnings differ from one country to another
Mortgage rates ‘are not falling fast enough’ to boost sluggish market activity
Housing demand remains weak and is likely to remain so in the near-term
Comings & Goings
Snippets of industry news: Spicerhaart appoints property management area director; Jon Notley leaves Connells Group; Kit Myrie moves to new Martin Co branch in Battersea
Leaders Romans Group instructed by Alton Towers for new marketing campaign
Haunted doll house has hit the rental market - it can be viewed on Rightmove and Zoopla
DLUHC introduce new shared ownership rent reforms
The Department for Levelling Up, Housing and Communities yesterday introduced a series of reforms to shared ownership rents
Propertymark seeks clarity over SNP’s housing policy
Propertymark's Nathan Emerson hopes that the SNP’s conference, to be held this weekend, will be their opportunity to explain how they intend to deliver their ambitious housing vision for Scotland
UK consumers optimistic about property market despite feeling worse off
As borrowing rates begin to hold – and eventually decline – analysts expect to see a significant upswing in property transactions
Labour committed to regulating estate agents
Regulating property agents is a key campaign and policy area for Propertymark
HMRC confiscates and sells properties belonging to VAT fraudsters
HMRC says it will carry on looking for more assets
Why does estate agency attract such cowboys, or does it not anymore?
Estate agents offer their views on whether those that work in our industry are really as bad as their reputation would have you believe
Webinar to support agents ahead of changes to material information
Those attending will discover what to expect from Parts B & C
Comings & Goings
Snippets of industry news: Savills expands residential sales team; Richard Smith to step down as CEO of Unite Students
‘Prime markets furthest from London are holding up the strongest’ – Savills
Realistic pricing is generally required to get a sale over the line
LSL chair buys £100,000 in shares
David Barral has purchased 40,083 ordinary shares of 0.2p at an average price of £2.48 per share
Property industry reacts to Labour leader’s housing pledge
Labour’s plan to reform the planning system and build more new homes has been broadly welcomed by the the housing sector
Moment Tory MP is caught on CCTV removing security cameras of tenant he is trying to evict
Gary Streeter, an MP since 1992, has been trying to get Layla Williams out of a bungalow he owns since she stopped paying rent in January