Acquisitions
Purplebricks Strikes out
Purplebricks confirmed this week that it has been in discussions with Strike regarding their potential participation in the Formal Sale Process announced on 1 March 2023
News
Agency
Well-established estate agency opens new head office after 40 years
Estate agency says it has continued to grow and adapt over the past 40 years
Agency
Savills sees profit fall and warns of ‘challenging’ year ahead
In the year ahead, Savills says challenging macro conditions are expected to continue with inflation and interest rates remaining in focus for some time
Agency
What’s happening in the UK property market this week?
Week 10: Estate agent Ben Madden joins Chris Watkin to look at, analyse and comment on the latest property stats, numbers and graphs reflecting current trends in the housing market
Agency
London-based estate agency joins Fine & Country network
Fine & Country UK grants a new license as part of wider expansion plans
Agency
New bespoke office for Martin & Co branch
The relocation coincides with the branch’s launch of The Mortgage Genie
Agency
Savills marks milestone with move to prominent new office
The prestigious new office is centrally located
Agency
Buyer demand continues to outstrip supply as fewer sellers enter the market
There has been a notable decline in the number of homeowners wanting to sell up, says agency
Lettings
The number of tenants facing eviction soars
Tenants have been let down by government policy, says agent
People
Initiative connecting female property professionals celebrates third year
Mentoring Circle was founded to increase talent retention and further gender equality at senior leadership level
Lettings
Renters ditch cities and flee to suburbia seeking cheaper properties
Renters are looking in a wider spread of areas than they did before the pandemic
Compliance
Housebuilder slams government for damaging its reputation
Earlier this week it was announced that 11 housebuilders had failed to meet the government deadline to sign contracts committing them to remediate buildings in need of fire safety improvements
Other News
Fire breaks out at estate agency branch
Fire fighters tackled the blaze, across four floors and the basement, throughout the night
Agency
New estate agency launches
Former agents at Linley & Simpson join forces to set-up their own estate agency
Finance
House prices to drop by 10% – OBR
The Office for Budget Responsibility expects property transactions to fall by 20% from their peak at the end of last year, while a double-digit drop in house prices is projected
Lettings
Letting agents should prepare for a ‘ramp up in activity’ in coming weeks
Increased activity will come off the back of an already busy period, says agency MD
Politics
Budget 2023 reaction: Housing sector ‘largely ignored’ by chancellor
The Chancellor spoke of growth yet did nothing to introduce the pro-growth measures that are necessary in the housing sector
Agency
Ex-Knight Frank agent secures £60m worth of deals in first seven months
Moreas Madani spent over a decade at Knight Frank before venturing out on my own and setting up Tyburn last year
Compliance
Updated How to Rent Guide set to be published tomorrow
The new version of the guide is expected to include a number of revisions
Acquisitions
Purplebricks share price gains more than 15% on takeover talk
Purplebricks officially opened itself up to potential takeover bids at at the start of this month after seeing plenty of interest in the company