Well-established franchisee completes acquisition of independent agency
The acquisition is the fourth in recent years by the well-known franchisee
Marc da Silva
OnTheMarket views investor’s proposals as ‘detrimental to stakeholders’
A spokesperson for OnTheMarket told EYE that the board was not interested in the proposals put forward by the non-shareholder to revamp the business
House price growth continues to fall ‘as buyers tighten their purse strings’
Buyers are cottoning onto the fact that purchasing power is now in their hands
Notable change in the letting market ‘is clearly on the way’, says Knight Frank
Rising mortgage rates and the accompanying downwards pressure on prices means more owners are weighing up their options
Callwell agrees long-term deal with Connells Group
Callwell technology is now used by over 10,000 sales and lettings agents across the UK
Belvoir sees 2022 results ahead of expectations but group warns on profits
Revenue hits record levels at Belvoir
UK housing activity slows sharply, new data shows
Overall, the cumulative downward effect from higher interest rates appears to be starting to weigh more heavily on the economy
New CRM solution created for agents
Agents will benefit from automatic deposit data transfer
Rents in England up 8% year-on-year, but voids rise
The East Midlands, Greater London, the North West, and the South East have all seen sizeable increases in their average void periods over the last month
Government urged to reinstate landlord tax relief as petition gains almost 32,000 signatures
Propertymark believes that a generous estimate of reintroducing mortgage interest relief would cost the UK government £1bn
Well-established mortgage broker buys rival firm
The Hogarth Property Group, which owned Orchards of London prior to the sale to Leaders Romans Group, has confirmed the deal
TPFG upgrades full-year profit expectations
The Group achieved a strong performance in 2022 through organic growth in lettings and the full impact of the acquisition of Hunters in March 2021
Potential investor pens open letter to OnTheMarket stakeholders proposing change
US businessman says he has carried out in-depth analysis of the OnTheMarket business model and identified significant areas for growth, including a plan to challenge Rightmove and Zoopla
Redundancy process under way at Reapit
Group CEO issues statement, but refuses to deny that staff are at risk of redundancy
Agents urged to be extra vigilant for signs of invasive plant
Japanese knotweed can grow pretty much anywhere
Comings & Goings
Snippets of industry news: John D Wood & Co. appoints head of new homes; Carter Jonas welcomes new partner from Savills; Sigma Homes unveils first sales & marketing director
Estate agency opens new premises in Prescot
The estate agency, which launched in 2019, has opened its second office
Private rented sector offers crucial benefits ‘both socially and economically’
Just 6% of private renters polled want to switch to social rented housing, with vast majority of respondents preferring the PRS as a ‘an entry point to the housing market’
eXp UK reveals latest recipients of its ICON Awards programme
eXp UK now has more than 350 agents across the country
New scheme to bring empty homes back into use
The funding will be used to reduce the number of empty properties and, therefore, increase much-needed housing supply