‘Team model’ the next big thing in estate agency, says ex-Countrywide agent
We’ve had branch, online, self-employed, hybrid, but the ‘team model’ is the new future of UK estate agency, according to a former regional director at Countrywide.
Marc da Silva
New ‘detrimental’ rent control and eviction restriction plans unveiled
There are genuine concerns that the proposed system of rent controls will undermine the viability of the private rented sector.
Market conditions ‘extremely competitive’; value of UK property hits £9.5trn
Property prices increased by 7.1% in November, Zoopla said, meaning the average home has now gained around £16,000 in value over the last 12 months.
BTL landlords could flee the market if rent controls are introduced
David Alexander, MD of DJ Alexander, warns that BTL landlords could 'go elsewhere' if they are unhappy with some of the new measures being proposed for the rental sector.
Q&A: Dominic Marcel, director of Lion Estates, talks about the ‘team’ concept
To explain more about the ‘team concept’, and whether it is something that could appeal to you as an agent, Dominic Marcel, director of Lion Estates, has taken part in a Q&A.
Tax hikes deterring investment in private rented sector
More than half of private landlords responding to a new survey say recent tax changes in the rental market have had an adverse impact on their property investment plans.
Arrears rising among tenants ‘as the pandemic rears its head once again’
Vulnerable tenants are going to require greater support as Covid-related rent arrears rise, according to Propertymark.
The self-employed continue to face ‘barriers’ when trying to buy property
A lack of suitable financial products is preventing many self-employed people from purchasing property, research shows
EYE NEWSFLASH: Lomond Group completes acquisition of high-profile estate agency
It is the group’s 24th acquisition in 2021 and means it now manages more than 30,000 properties throughout the UK.
Revealed: Britain’s top places where house prices rose up to 31% in 2021
Average asking prices for homes have jumped by up to 31% over the past 12 months, new research shows.
Property group in exclusive negotiations to acquire Chestertons
Chestertons, which was put on the market in September, is seeking a valuation of about £100m from a potential sale.
Decision to extend notice periods ‘will come as yet another blow to landlords’
BTL landlords will have to give six months’ notice for most tenants, or three months if there are allegations of anti-social behaviour against the tenants.
Agents support Covid measures, including lateral flow tests before viewings
New measures to manage the increased risks of transmission associated with Omicron have been unveiled.
The Castledene Group completes another ‘red hot’ acquisition
The Castledene Group has expanded with another acquisition.
New government guidance to limit transmission of Covid-19 in rental sector
The guidance is designed to limit the spread of the omicron variant of Covid-19 this winter.
Comings and Goings
Snippets of industry news: Clarke Munro takes on five new members of staff; Knight Frank makes three significant new hires; Paul Beadle lands PR role
Chestertons’ forecast amid takeover speculation
It is business as usual for Chestertons, amid speculation that the company could potentially be sold, with the company releasing its latest forecast.
Lord Bichard issues a call for evidence as part of new RICS review
Lord Michael Bichard has been appointed by RICS to lead a wide-ranging independent review into the governance and purpose of the institution.
Rightmove explains why agents face price hikes – again
Rightmove tells agents that it is raising their subscription fees.
Property industry reacts to Bank of England interest rate rise
The Bank of England’s decision to increase business rates rom 0.1% to 0.25% has had a mixed response from estate agents.