Early signs of property market turbulence in Q4, market insight report shows
Current property market conditions are likely only the ‘calm before the storm’ – with the tail end of the third quarter showing signs of headwinds yet to hit.
Marc da Silva
Independent estate agency completes significant acquisition as part of ‘geographical expansion’
Agency adds to its existing 10 branches with this latest purchase.
‘No signs of a major correction in our offices yet’
Risks of a correction are growing but the housing market has proved its resilience repeatedly in the recent past.
Rent freeze call voted down by Labour
Labour is calling on the UK government to unfreeze housing allowance, which has not kept up with rent rises.
Estate agency compliance failures shows ‘urgent need to improve standards’
Issues of non-compliance should be a wake-up call to all regulated businesses.
New buyer demand and property sales have fallen since mini-Budget – Zoopla
The fourth quarter of the year faces a hiatus of new buyers as those who have not secured cheap finance step back from market.
Mortgage defaults set to rise as ‘golden era’ of cheap deals ends
The UK central bank’s latest quarterly credit conditions survey paints a gloomy picture, with the number of mortgage deals falling.
Landlords consider legal action over Scotland’s rent freeze
The emergency legislation was passed by the Scottish government in just three days last week.
The winners of Propertymark Qualifications’ 2022 Awards are…
The awards celebrate those who achieve outstanding results in their examinations and apprenticeship assessments, as well as the personal achievements of learners.
Solicitor ordered to pay over £28k for giving clients wrong rent review advice
The solicitor wrongly advised clients that ground rent on leasehold properties they were buying would double every 25 years when in fact it would double every 10 years.
OnTheMarket renews contracts with several high-profile agencies as portal reports continued progress
OnTheMarket's latest results show continued progress in operational and financial performance.
‘Significant’ rate hike needed in November, warns Bank of England chief economist
If interest rates rise, mortgages will become more expensive as lenders typically pass on the increase in the Bank rate to their customers in the form of higher monthly home loan payments.
Homeowners will struggle as house price growth slows, with repossessions set to rise
Storm clouds are visible in the deterioration of near-term expectations for both pricing and sales.
Lomond Group completes purchase of high-profile agency
The Lomond Group has completed yet another acquisition.
Home sales and applications remain unaffected by mini-Budget – for now, says Winkworth
What negative impact from the mini-budget? Winkworth says applications and sales remain stable.
Industry welcomes clarity after government commits to scrapping Section 21 evictions
Prime minister Liz Truss says the government remains committed to the abolition of Section 21 no-fault evictions.
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Sharp fall in new-build reservations stokes fears of a housing market downturn
The plunge in reservations in recent weeks comes as the cost-of-living crisis and soaring mortgage rates hit the housing market hard.
EYE NEWSFLASH: Liz Truss confirms government plans to press ahead with abolishing Section 21 evictions
Liz Truss has within the past few minutes confirmed that the government is not backtracking on their plans to scrap Section 21 so-called ‘no fault’ evictions and will press ahead with the policy.
HMRC fines estate agents more than £500,000 for AML breaches
Dozens of estate agents have been fined for breaching anti-money laundering requirements, HMRC has announced.