Purchasers ‘have less buying power’ making homeownership dream harder
Mortgage borrowing stable but approvals drop in September.
NEWS ARCHIVES
Iamproperty hits 5,000 agent milestone
The acquisition of SDL Auctions’ portfolio of estate agency partners has added a significant number of agents to the iamproperty network.
EYE NEWSFLASH: Boomin goes bust
Boomin, the online property portal founded by the former head of Purplebricks, has called in liquidators after failing to secure new funding.
Online estate agency goes offline amid administration rumours
The online company, which previously said high street estate agency is ‘dying’, appears to have ceased trading.
UK house prices to fall as mortgage rate hike hits ‘buying power’
The outlook for the year ahead hinges on the trajectory for mortgage rates which impacts the buying power of households who are already facing higher living costs.
Estate agents told to stop over-valuing homes to gain instructions
More needs to be done to stop the practice of over pricing homes to win instructions, it has been claimed.
Activist investor ‘extremely surprised’ by Purplebricks’ sudden announcement
Activist investor Lecram Holdings, which has been calling for Purplebricks to bring more agency experience to its board, was not expecting this latest announcement by the online firm.
Bank of England expected to hike interest rates to 33-year high
The Bank of England is preparing to unveil the biggest hike in interest rates for 33 years this week as the central bank continues its efforts to curb inflation.
Purplebricks share price hits all-time low after job cuts revealed
Purplebricks, which last month announced plans to reboot its controversial ‘commisery’ campaign urging vendors not to instruct commission-based estate agents, has seen its share price slump.