Falls in UK mortgage costs predicted amid return of ultra-low interest rates
The cost of fixed-rate mortgage deals is likely to come down
Marc da Silva
Comings & Goings
Snippets of industry news: Well-known estate agent launches her own estate agency business; Marsh & Parsons appoints client management director; Lauren Baylis joins Hannells
Airbnb acquires UK PropTech platform
The acquisition will bring more clarity to the UK short-term and holiday rental market, says Airbnb’s director of engineering
Well-established estate agency opens first London office
The estate agency, which has existed for five decades, has grown to 14 networked offices covering eight counties - and now central London
Propertymark welcomes government review of outdated council tax banding system
Propertymark has submitted a response to the Department for Levelling Up, Housing and Communities’ consultation reviewing council tax banding in the sector
LSL sells mortgage broker firm to PE-backed venture
LSL has sold Embrace and First2Protect to Pivotal Growth Limited
Property sales agreed return to pre-pandemic levels – Rightmove
The recovery is being driven by sales of flats which are now 10% higher than March 2019, latest data reveals
Savills makes progress in pay gap reduction
Savills says it is passionate about closing the gender pay gap and the results are showing they are moving in the right direction
Sharp rise in number of properties advertised for sale
The greatest increase in the number of properties for sale was among detached and semi-detached homes, fresh data shows
Rental growth picks up following seasonal slowdown
Smaller properties have performed the strongest over the last three months, fresh data shows
Property industry reacts to latest house price data
Unrealistic property price figures that were exacerbated by a poor supply of housing stock are now re-aligning with demand
Estate agency handed hefty fine for falling foul of rules
Council says the successful prosecution of the estate agency should be a wake up call to all those failing to comply with the law
Hybrid agency eXp UK hits 400 estate agents signed up to its platform
eXp UK, a hybrid style estate agency launched in November 2019, says it has signed up 400 agents and expects to grow further
Letting agency fined £12k for illegal HMO
The letting agency was sentenced at Snaresbrook Crown Court
New buyer numbers recover to 2019 level as market conditions improve
The second half of 2023 is likely to be stronger for the housing market than the first
Estate agent phone numbers hard to find on their websites, research shows
Customer friendliness and accessibility leaves web visitors wanting, study suggests
Agents told to reconsider how they operate or risk reputational damage
Agents are risking the financial and reputational costs, expert warns
Prominent industry veterans to form all-star debate on current sales market
Are stock levels improving from last year? Should you lower fees or stick to your guns? And are transaction levels where they should be?
Fall throughs hit £1bn across UK, claims ‘quick buying’ property firm
The House Buyer Bureau, keen to encourage more vendors to use its ‘quick buying’ service, has analysed the number of transaction fall throughs across the UK property market
More people looking to downsize to smaller properties
Equity-rich older homeowners are some of the best placed to moved in today’s market as they are less likely to be impacted by higher mortgage costs