Why do estate agents earn 56% less today compared to the year 2000?
The estate agency squeeze: lower fees, fewer transactions, and more competition than ever before
NEWS ARCHIVES
Estate agents see uplift in property viewings as buyers rush to beat stamp duty hike
On average, there are now around 13.5 homes placed for sale per member branch
Residential property stamp duty tax take drops by more than a quarter
The number of residential property transactions fell to 872,000 in 2023-24 from over one million just one year before
Housebuilders could bypass planning committees under new plans
Applications “that comply with local development plans” will not have to get approval from local council planning committees in England under the new plan
New AI powered property voice search launched
Built for both mobile and desktop with Siri like capabilities, the search technology works with any CRM feed added to a website
Five-year fixed rate mortgages hit hard
The average five-year fixed mortgage has felt its biggest monthly rise since August 2023
Independent estate agency announces new acquisition
The purchase marks a new chapter for both companies
Historic property magazine to close
The historic publication has long provided the industry with news, views and opinions
Ex-Purplebricks and Keller Williams director to launch new PropTech offering
The platform, which aims to transform how people buy and sell homes, has already attracted over 200 property professionals to its waiting list, including estate agents
Man doesn’t plan to fail but often fails to plan
Property transactions being agreed now are unlikely to produce revenue for estate agents until the end of the first quarter of next year