People
Comings & Goings
Snippets of industry news: Simpson & Marwick makes senior appointment; Savills enhances planning offering; Beal Homes hires new sales and marketing director
News
Lettings
Letting agents are receiving 13 tenant enquiries for every rental home
Average rental prices have hit another record high, but the pace of rent growth continues to slow; 50,000 new rental homes needed to meet demand
Law
The Renters (Reform) Bill ‘runs the risk of failing to achieve its objectives’
Many tenants do not currently feel confident about where to go for help when things go wrong
Law
Gazumping continues to rise, homebuyers call for a ban
New homeowner survey has revealed the prevalence of gazumping, and their attitudes towards it
Finance
Buy-to-let purchases hit record low
The introduction of the stamp duty surcharge in 2016 has disproportionately impacted those markets with above average house prices in the south of England
Politics
Humza Yousaf’s resignation will not change ‘issues’ facing Scotland’s housing sector
The Scottish government’s record on housing has been under intense scrutiny following a huge £196m cut to the country’s affordable housing budget
Other News
Property industry reacts to Zoopla House Price Index
House prices rise in the north, but dip in the south
Compliance
Rogue agency and directors receive lengthy ban
The agency has been charged upwards of £250,000 for the failure to license their HMO properties
Law
Sadiq Khan says leaseholders should have the right to withhold service charges
Under the London mayor's proposals, leaseholders could withhold service charge payments
Other News
House prices growing fastest for small homes, says Halifax
One way to compensate for higher borrowing costs is to target smaller properties
Agency
Estate agents see sales pipeline rise sharply as agreed deals jump
The rebound in sales being agreed continues
Compliance
Propertymark urges introduction of RoPA in phases
Regulation is a key campaign area for Propertymark and its members
Tech
Homesearch’s new product allows estate agents to target past contacts
New product helps estate agents engage their known contacts using relevant market information
Lettings
Rocketing service charges leave leaseholders with hefty bills
Rising service charges mean buyers are increasingly wary of the additional ongoing cost to their home purchase and are carefully weighing up the value for money they offer
Compliance
Higher standards for Rent-to-Rent needed
Rent to Rent schemes could lead to many people entering this sector with the wrong expectations about how simple it is to rent a property, warns Propertymark
Events
Housing minister Lee Rowley to deliver keynote speech at Propertymark One
The housing minister will share the latest insight on leasehold and freehold reform, building safety, renters reform, regulation and redress from the heart of government
People
Tributes paid after estate agency boss dies aged 41
Camran Ishaq leaves behind his wife and three children
Other News
What is currently happening in the UK property market?
This has been the best week for residential property sales since July 2022
Agency
LSL reports decline in profits and revenue following discontinued operations in estate agency
Conversion of entire owned estate agency network to franchisees means LSL is now one of the UK's leading estate agency franchise businesses, supplying services to 308 territories
Law
Michael Gove cannot guarantee Section 21 eviction ban before election
The Renters' Reform Coalition says the Renters Reform Bill in its current form "will be a failure", while Propertymark accepts that it 'still misses the mark'; industry reactions