Listings slump is driving up house prices as demand for property surges
Average year-on-year price increases were recorded in all 32 local authority areas monitored.
Marc da Silva
Competition heats up in London rental market as demand grows
There was a 25% rise increase in tenant enquiries last month compared with a year earlier.
Government urged to fix ‘injustice’ as buy-to-let landlords face cladding costs
Ben Beadle, chief of executive of the NRLA, has warned the government that getting buy-to-let landlords to pay for cladding removal “makes no sense”.
Purplebricks has “lost its way” and needs to charge more, says Russell Quirk
What would Russell Quirk do if he ran Purplebricks? The ex-head of Emoov joined Christopher Watkin to shares his thoughts on what’s gone wrong for the online estate agency. Watch now!
Estate agency acquires rival’s sales business as part of growth strategy
The estate agency has expanded as a result of the acquisition, which is part of its wider growth strategy.
New guidance abolishes Japanese knotweed ‘seven-metre rule’
RICS has published new guidance that scraps the ‘seven-metre rule’ that valuers use when determining whether Japanese knotweed poses a threat to a property.
OnTheMarket agrees deal that could provide agents with ‘significant additional revenue’
Estate agents signed up to OnTheMarket could now potentially earn ‘significant’ referral fees on land deals.
Historic agency expands with new East Sussex branch
The historic estate agency group has opened a new branch, with plenty more room for growth. Immediate areas the firm is looking to expand to include London, East Midlands, and others.
What does Court of Appeal ruling mean for evictions and tenancy deposits?
What does key court ruling now mean for section 8 notices, tenancy deposits, and section 21 notices?
PRS in London set to grow to 40% of homes by 2030 – BTL hotspots identified
Foxtons’ latest report on the London lettings market has been released. Here are the key findings, including the latest property hotspots in the capital, according to the agency.
Barclays to bid for mortgage firm in potential £1bn deal
Barclays is understood to be preparing a bid for mortgage lender Kensington in a deal that would value the firm at around £1bn.
LSL achieves record full year group underlying operating profit
LSL Property Services released this morning a pre-close trading update for the year ended 31 December 2021, which shows a strong performance in line with the boards expectations.
Foxtons delivers much improved performance in latest trading update
Foxtons trading update, published this morning, shows a much improved performance, with revenues across all business segments for the 12 month period well ahead of 2020 and 2019.
Key legal eviction ruling goes in favour of landlords and letting agents
The outcome of this case has serious implications for landlords, tenants and agents in England and Wales. You can view a recording of the hearing here.
A quarter of estate agents not registered with HMRC for money laundering supervision
A quarter of UK estate agencies, representing more than 5,500 branches, have failed to register with HMRC for money laundering supervision, new analysis shows.
Rents increase at fastest ever rate
Rents in Great Britain are rising at the fastest rate ever recorded, newly released data shows.
Estate agency reopens office for first time since start of the Covid pandemic
The estate agency has reopened its head office in Edgbaston after a two-year break due to Covid.
House prices hit another record high as demand surges
The effects of the pandemic on the housing market cannot be underestimated, as house prices hit an all-time high; demand for flats outside London reach strongest level for five years.
Comings & Goings
Snippets of industry news: Rhydian Scurlock-Jones to lead 30-strong team at Savills; Lawrence Hannah appoint new director; Withers expands residential property team
Buy-to-let hotspots unveiled
The pandemic has contributed to a reshaping of the UK rental market, with these areas outside of London seeing the fastest growth in buy-to-let investment.