House prices set to fall 5% this year as buyer demand plummets, Zoopla says
Higher mortgage rates have reduced buyer demand by 18% in the last two months alone, new data shows
NEWS ARCHIVES
Foxtons see profits rise on higher rents as sales market remains challenging
Looking ahead, despite the uncertainty in the sales market, Foxtons says it is well positioned for the rest of the year
Average house price 8.4 times higher than typical income, says ONS
House prices relative to earnings may have improved marginally in England, but they remain far above five times the median income, the official threshold for whether a home is affordable
Will artificial intelligence replace estate agents?
Estate agents give their views on artificial intelligence and its potential impact on estate agency, as well as discuss well-being in the workplace
Why don’t domestic property brands gain traction globally?
From Foxtons to Purplebricks, why have so many well-known businesses failed abroad? Lee O’Brien, UK MD of iad, which has just launched in the UK, offers his views
Comings & Goings
Snippets of industry news: Savills names new head of lettings; Emma Munday joins Harding Green; Hartnell Taylor Cook appoints new director
Estate agents urged to comment on reforms to anti-money laundering supervision
HM Treasury has launched a consultation setting out four possible models for AML supervision with potential implications for agents
Estate agents see upfront information as both an opportunity and a burden
Estate agents were asked how they felt about the upcoming changes
Is that a new record? Just over 2 hours from offer accepted to exchange of contracts
All in a day’s work for the property firm
Council pays landlord to halt a legal eviction amid lack of social housing
The agreement involves the landlord continuing to provide the accommodation, with the council taking over responsibility for the payment of the rent