‘Green’ mortgage discounts a key tool in encouraging upgrades
Landlords are increasingly taking up mortgage discounts linked to EPC improvements, but many are still unaware of the savings available.
Marc da Silva
EYE NEWSFLASH: Liz Truss resigns as Conservative leader after MPs revolt
The prime minister said her successor will be elected in a Tory leadership contest, to be completed in the next week.
EYE NEWSFLASH: Zoopla to make a substantial number of employees redundant
Up to 68 staff members at Zoopla face potential redundancies, after the business entered a consultation process with employees this afternoon.
Homeowners start to downsize in response to cost-of-living crisis
The housing stock squeeze is beginning to ease.
Estate agency stock levels hit 18-month high as homeowners look to sell up
New properties coming to market which are not priced realistically are likely to struggle to sell and stick on the market.
Hybrid and online estate agencies increase market share in Q3
Hybrid and online estate agents increased their overall market share.
Sharp jump in number of ‘people wanting to get their homes valued and sold’
With the economic climate changing, sellers are being warned that they will need to be realistic about the prices they might achieve.
Estate agents told to be wary of ‘more complex’ compliance responsibilities
AML and sanctions regulations are weighing heavily on many regulated firms.
Risk management platform aims to speed up property sales with new feature
New innovation comes in response to increasing regulatory burden for estate agents, lawyers and other regulated professionals in the property chain.
Landlords plan to offload properties amidst soaring mortgage costs
Economic crisis could lead to a ‘mass exodus of landlords’, warns association.
Average house price nears £300,000 despite cost-of-living crisis
The data could reassure some homeowners of the resilience of the housing market, with prices remaining high.
Almost £31bn worth of property sold off-market over the last year
So far in 2022, it is estimated that over 35,000 homes have already been sold off-market, equating to just shy of £12bn based on current market values.
Estate agents deny making an ‘obscene gesture’ to Kwasi Kwarteng
Estate agency director in Kwasi Kwarteng's constituency says that his local MP “made a right mess of” being chancellor and was simply not up to the job.
OnTheMarket agrees partnership to recover lost revenues for agents
The new offering is free and available now to all estate agents who list properties with OnTheMarket.
Mortgage rates rise again with average two-year fix hitting a 14-year high
Mortgage rates are continuing to increase despite new chancellor Jeremy Hunt reversing much of his predecessor's disastrous mini-Budget.
Comings & Goings
Snippets of property industry news: haart appoints new area letting director; Allsop Letting & Management makes series of senior appointments; Whites announce senior changes
Where are the nation’s best performing estate agents currently located?
The coming months might bring a whole new challenge for estate agents as the cost-of-living crisis and uncertain economic outlook affect the buying appetite of the British public.
Property sales fall by a third as mortgage borrowing costs rise
Property firm warns that the next 12 months will be tough for the housing market, amid difficult economic conditions.
Estate agency makes charity pledge hoping to increase property valuations
Estate agency has pledged to donate £100 to charity for every property valuation they attend.
Tenant receives 30-week suspended sentence for £155k cannabis factory
A noise complaint from neighbours led a letting agent to unexpectedly discover a drugs farm worth up to £155,000.