Competitive bids are back as unrealistic buyers lose out
It remains “incredibly sensitive” as far as buyers and sellers are concerned, says agent
NEWS ARCHIVES
Keller Williams UK plans to train over 200 new estate agency franchisees
New KW Academy set to launch in July aimed at agents wanting to start and run their own estate agency franchise
Petition calling on government to reinstate tax relief for landlords fails to hit signature target
The petition needed 100,000 signatures to force MPs to debate the topic in parliament
Interest rates raised to 4.5% by Bank of England – property industry reaction
The latest rate rise won’t have a huge impact on the housing market but sentiment will be dented if the peak starts to feel further away
Government plans to scrap leasehold system dropped
Reported dispute between Michael Gove and Downing Street results in end of pledge to abolish leaseholds
Well-established estate agency acquires sales stock from rival firm
Estate agent announces retirement from the residential sales side of the business
Is Michael Gove a communist? Nigel Farage and Russell Quirk discuss planned rental reforms
The government’s draconian tax changes have pushed a number of BTL landlords out of the PRS
Major Purplebricks investors offload shareholdings
Yesterday, Purplebricks announced that potential buyer, Strike, has been given an exclusive period to negotiate a purchase
UK house prices set to fall despite steadier outlook for the market
Buyer demand still appears to be subdued in the face of relatively high borrowing costs, the prospect of at least one more interest rate hike and ongoing affordability challenges
Comings & Goings
Snippets of industry news: Andrews names new group lettings director; The Ambitious Group appoints head of recruitment; Redrow hires new sales director