Sellers adopt a ‘take it or leave it’ position amid low supply of stock
Sellers feel free to test the market given the lack of properties available to buy
Marc da Silva
Estate agents ‘are at an increased risk of money laundering’
There has been a notable increase in estate agent suspicious activity reports
Analysis shows upfront property data does reduce fall through rate
Study identifies benefits of estate agents providing property data upfront
Big Worcestershire Garage Sale proves a success
Estate agency plans to organise another ‘Big Worcestershire Garage Sale’ next summer
Bank of England ratesetter: Higher mortgage costs will impact interest rate decision
Catherine Mann, who sits on the Bank’s monetary policy committee, said there are “concerns about what’s going to happen to households with a mortgage”
New estate agency launches
The new estate agency owner has been in the business for more than 18 years and is now his own boss
Spicerhaart recognise top performing agents
More than 150 awards were handed out
Comings & Goings
Snippets of industry news: Co-founder of Inspect Real Estate gets new role at Reapit; Knight Frank hires a former MD of HSBC; Countrywide Surveying Services bolsters senior management team
Average mortgage rates rise again as they edge closer to 6% for a two-year fixed deal
City experts warn of a "big reset of mortgages"
Santander withdraws mortgage deals as market turmoil continues
Santander has temporarily withdrawn all new business due to market conditions
Almost 4,000 agents have taken Propertymark Qualifications’ this year
Propertymark Qualifications’ are available across the UK
Andrews returns to Zoopla
Andrews is eyeing growth across South East England this year
Estate agents fined for breaching anti-money laundering rules
Estate agents dominate the latest list of businesses that have not complied with the regulations
Estate agents are overpricing by considerable margin, new data suggests
Charlie Lamdin, founder of BestAgent, says that that some estate agents are prepared to overvalue in order to gain an instruction
Growing concern as more lenders follow HSBC and pull mortgage deals
Banks and building societies have withdrawn a high number of mortgage deals, restricting options for buyers
Agent ordered to pay almost £50,000 for serious fire safety breaches
This is not the first time Monsoon Properties Limited has been prosecuted
Stamp duty reform, letting, and truth about sales transactions
Stamp duty; the state of the letting market, and an eye on sales volumes
Inflated asking prices doubling time it takes to sell a home
Properties requiring two reductions are likely to spend over six months on the market, says estate agency
Fewer would-be-tenants flying the nest as rents soar
The share of renters leaving the family home has been steadily declining across the UK since 2015
Homeowners hit with £7,000-a-year ‘Tory mortgage penalty’, Labour claims
Analysis by Labour found the average homeowner is spending an extra £150 every week since Liz Truss's and Kwasi Kwarteng's infamous mini-Budget in September