The latest surge in house prices ‘has a whiff of yesterday’s news’
The demand for homes continues to outstrip supply right across the country, the latest Nationwide figures show, but the data is based on mortgages granted several months ago.
Marc da Silva
Government decision to freeze housing benefit rates ‘is simply absurd’
Some 56% of private tenants relying on Universal Credit to pay their rent have a shortfall between the amount they receive and what they pay for their housing, research shows.
Comings & Goings
Snippets of industry news: Cluttons makes promotions; Chestertons sales director to depart; Foxtons appoints CFO; Richard Elliott joins Harding Green; UKAA announcement
Property buyers reveal their biggest regrets
More than 7,000 buyers who bought a new home in the last three years recently revealed their regrets, as part of a new study.
Demand and rents rise as tenants return to city life
London’s rental demand increases, as students and employees return to the capital.
Purplebricks denies redundancy rumours as it moves to fully-employed model
Following the recent move to a fully-employed model in its sales business last summer, Purplebricks is now replicating the changes within its lettings field team.
John D Wood & Co. report record trading results
John D Wood & Co. has reported record trading results for its sales and lettings businesses.
Comings & Goings
Snippets of property industry news: Kelly Maw returns to Dacres; Savills hires Chanelle Gray as head of D&I; Estates appoints two new directors
Agents concerned about proposed reforms to the possessions process
Agents question the motive and timing in the absence of a full analysis of the effectiveness of the protocols and a commitment to reintroduce financial support for tenants.
UK house price growth will continue to outpace inflation
Inflation is rising faster than wages are growing, but it will not outpace UK house price growth anytime soon, according to a major housebuilder.
Register for a free ticket to the Property Investor Show
The Property Investor Show, a well-established UK property exhibition, takes place at London ExCeL tomorrow and Saturday.
Rendall & Rittner teams up with Nabo to expand property management business
Rendall & Rittner has joined forces with Swedish based Nabo to launch Odevo, a global property management business.
Boomin extends SmartVal response times for agents
Boomin has extended the time it allows agents accept an online property valuation generated by SmartVal, its property valuation tool.
Agency launches new virtual reality 1-1 consultation service
The estate agency has commemorated its first year in business with the launch of its innovative new virtual reality 1-1 consultation service.
London is currently the most challenging market for agents, says Homesearch
The head of Homesearch, which enables agents to generate new leads, says ‘it’s a difficult market out there for estate agents’.
Buyer demand remains unseasonably high across the UK
Sales agreed in the first quarter of this year jumped 38% compared to Q1 2020, fresh figures show.
Yorlet joins forces with Canopy, TDS and Alan Boswell
London-based lettings and fintech platform, Yorlet, has launched a new partnership with Canopy, TDS and Alan Boswell.
New product ensures agents ‘aren’t working with anyone they shouldn’t be’
The anti-money laundering and protecting against fraud information will be regularly updated for ongoing monitoring purposes.
Half of online valuation requests made outside traditional office hours
The ValPal Network, which provides instant online valuation services, reports that 50% of leads on its platform are being generated outside of traditional agency office hours (9am-6pm).
Agents oppose proposed new taxes on second homes
Any link between second home ownership and house price inflation needs to be sufficiently understood to warrant sweeping tax changes, according to Propertymark.