Acquisitions
Expanding estate agency completes acquisition – second in just over a month
Estate agency announces third acquisition in 12 months
News
Agency
Online estate agents lose market share
Market share is still weakest at the higher end of the market
Finance
Bank of England still expected to raise interest rates despite cooling inflation
As core inflation remains sticky, it is increasingly likely that the Bank of England will consider further interest rate rises, which will impact on mortgage borrowers
Agency
Should estate agents set up digital IDs before visiting other people’s homes?
Research shows most people would feel safer and more comfortable allowing strangers, such as estate agents, into the home if their digital ID was openly available
Law
Conveyancing firm commits to offering property logbooks
Working with digital logbook provider Chimni, PM Property Lawyers has integrated the provision of logbooks into their client management process
Agency
nurtur.group integrates Loop Estate Agency Software into its ecosystem
Richard Combellack, CCO at nurtur.group, says this integration further strengthens the capabilities of BriefYourMarket
Other News
Hannells recognised at family business awards
Hannells, which has a team of more than 60 staff members, has six branches across Derby
Acquisitions
Completed Build-to-Rent homes up 13% y-o-y despite challenging market conditions
Build-to-Rent is continuing to expand
Agency
Estate agents selling fewer homes as prices fall and completions delayed
The state of this week's property market is discussed by Iain McKenzie and Chris Watkin - watch now
Acquisitions
Well-known franchisee completes acquisition of independent agency
Following another acquisition of a portfolio of 75 properties earlier this year, the agency's portfolio has now expanded to 600 properties
Agency
Sales and valuations steady but ‘worrying’ rental supply-demand imbalance
The number of valuations for sale conducted per branch has remained steady, but the number of properties available to rent is 19% lower than last year
People
Comings & Goings
Snippets of industry news: Fine & Country welcomes new business development manager; Directorate change at Rightmove; Ami Kotecha appointed to BPF Board
Agency
Estate agency industry’s first AI websites are launched
Over the past year, website technology has changed rapidly
Compliance
Increase in fines reflects ‘far tougher landscape’ estate agents are facing
The average AML fine issued to estate agents for non-compliance has risen over the past year
Events
The 2023 EA Masters Innovation Awards launched and open for entries
Entries are now open for suppliers to nominate themselves or be nominated by their customers
Other News
OTM says sentiment remains remarkably stable despite market slowdown
The house-buying public appears reassuringly resolute when it comes to their home moves
Law
Buyers prepared to sue vendors who fails to declare Japanese knotweed
In legal cases, experts can usually determine approximately how long knotweed has been present in the ground, making it difficult for sellers to claim ignorance
People
Reviews site allAgents names the ‘best individuals working in estate agency’
Cream of the crop announced by allAgents in latest awards
Politics
House prices could plunge by up to 25%, warns thinktank
Are we facing a 1990s-style slump in the housing market? Thinktank says house prices could fall sharply in biggest hit to UK’s wealth ‘since war’
Acquisitions
Global estate agency opens in the UK after completing acquisition
The UK is said to be an important part of the firm’s expansion plans with other major territories to be announced soon