Acquisitions
OnTheMarket shareholders to vote on CoStar UK takeover early next month
The OnTheMarket directors consider the terms of the acquisition to be fair and reasonable
News
Finance
Fear of rejection preventing self-employed workers applying for mortgages
More than a third of self-employed individuals have never applied for a mortgage, research shows
Acquisitions
EYE NEWSFLASH: Foxtons acquires rival agency for £10m
Second lettings acquisition in 2023, demonstrating continued progress against strategy to drive recurring and non-cyclical earnings growth
Politics
What could be in the 2023 King’s speech when it comes to housing?
The Renters (Reform) Bill and leasehold reform are among a host of measures set to be announced in today's state opening of parliament - likely to be the last before the next general election
Acquisitions
Expanding firm acquires long-established estate agency
The combined company will trade under a new name
Compliance
Unlicensed landlord ordered to pay more than £47,000
The landlord failed to adhere to licensing legal requirements on several rental properties
Finance
Stamp duty holiday needed to boost housing market activity – Knight Frank
With the benefit of hindsight, the UK housing market possibly did not need a stamp duty holiday in July 2020, but it does now, says market analyst
Events
The day has finally arrived! Congrats and good luck to all attending the EA Masters 2023
EA Masters 2023 will feature well-known speakers, an exhibition and a glittering awards ceremony to celebrate the industry’s top performing agents and suppliers
Law
Airbnb slammed for sub-letting rooms advice
Airbnb says almost 80% of renters are looking for ways to earn extra money amidst rising living costs - and sub-letting rooms could help raise cash, despite the fact it is illegal without consent
Compliance
Goodlord partners with Kamma to tackle increasing risk of agent fines
All agents using Goodlord can now use Kamma to see all licensing requirements needed for each property
Events
Rightmove hosting webinar with the Bank of England today
Representatives from the Bank of England will provide agents with more detail about the current economic landscape, and policies which could directly affect them
Charity
Storm Ciaran grant offered by The Propertymark Trust
This emergency assistance grant is available to all Propertymark members, their families or connected parties
Law
Rishi Sunak faces major Tory rebellion if leaseholds ban does not apply to flats
A bill to phase out some leaseholds in England and Wales will be included in the King’s Speech tomorrow
Agency
Estate agency forced to cut staff to cope with downturn
The company is to axe 25% of its staff in an apparent effort to reduce costs
Law
The likely impact of a new Leasehold Bill
The government has stated its commitment to leasehold reform for several years
Agency
Comings & Goings
Snippets of industry news: New estate agency director promoted at Spicerhaart; Another Savills heavyweight joins Blue Book Agency; Agency support business sold to fast-expanding firm
Politics
RICS prediction gloomiest since start of pandemic
Housing supply is likely to fall compounding the problems already being faced by many of those looking to get a first step on the property ladder or move into the rental market
Acquisitions
Housebuilder unveils major rebrand following acquisition
The newly enlarged business eyes growth with a view to tripling its revenue to £350m
Law
Law Society consulting on new rules for signing and exchanging property contracts
The society says the draft code "aims to remove the uncertainty" around exchanging contracts for commercial and residential property
Finance
Number of landlords increasing rents grows amid higher mortgage rates
Almost three quarters of landlords said that keeping rents in line with their local rental market was an influential or very influential factor in their decision to increase rental prices