Agency
Agents stand to benefit from OnTheMarket’s dividend payment change
Agents hold approximately 60% of OnTheMarket’s shares, positioning them to benefit from any future dividend payments made by the company.
News
Politics
Boris Johnson plans to extend “Right to Buy” scheme
The prime minister, keen to shift public focus away from ‘partygate’ scandal ahead of this week's local elections, plans to revive Margaret Thatcher’s ‘property owning democracy’ dream.
Agency
New ‘ambitious’ estate agency launches
The new business will be led by Linda Swan, an experienced estate agent who joins the firm as sales director.
Agency
No excuse: ‘A significant shift in the home buying and selling process’
Experts debate implications of new upfront information rules, as agents are told to prepare for ‘major culture changes to come’.
Tech
Let the smart Google scripts do the work while you sleep
EYE exclusive: Nothing splits the room of estate agents like the question, “Do you spend money on Google Advertising?” Watch now.
Finance
Fall in first-time buyers could adversely affect transactions as cost-of-living crisis bites
With the cost of living crisis continuing to bite, a number of first-time buyers UK have been forced to review their budgets.
People
Comings & Goings
Snippets of industry news: A new partnership director for Spicerhaart; Ex-Savills head of PR lands new role; Felicity Forbes-Davidson rejoins DM Hall
Lettings
Rents rise again in April
All regions monitored saw an increase in prices, apart from the northern regions.
Lettings
Tenants stay for longer in rented properties
Given the increase in rental prices and lack of stock available, more tenants are choosing to extend their current tenancy agreements beyond their initial term, the latest PRS report shows.
Acquisitions
iBuyer targets below market value properties
Upstix says that it is prepared to pay a price that is typically 11% lower than its market value.
Finance
House prices look set to fall
Residential property prices in Britain could drop by almost 5%, analysts predict.
Agency
Purplebricks tops agency market share league table
Here are the top 20 ranking estate agents for new instructions, and it includes eXp UK for the first time.
Finance
Homeowners warned their mortgages will rise by over £1,000
Chancellor Rishi Sunak is said to have told cabinet ministers that interest rates will rise by 2.5% in the coming months.
Other News
Top city price hotspots unveiled
New Rightmove data shows there is really high buyer demand for homes in several cities, but housing supply is struggling to keep up.
Compliance
The Building Safety Bill becomes law
The 262-page act is intended to “create lasting generational change” to the way residential buildings are constructed and maintained, while protecting the rights of leaseholders.
Law
Buyers should provide similar levels of upfront information to sellers
Property purchasers should be compelled to provide similar levels of upfront information to sellers, according to Gazeal.
Finance
Sharp rise in number of landlords seeking to recover rental debt
Many landlords can no longer afford to write off such large sums of unpaid rent.
Finance
Rising rents lure buy-to-let landlords back into the housing market
The number of buy-to-let mortgages issued last year reached its highest point since 2016.
Acquisitions
Stirling Ackroyd Group extends partnership with Goodlord
Stirling Ackroyd Group , which this year plans to expand its network of over 30 branches with further acquisitions, has renewed its partnership with Goodlord.
Compliance
New material information rules – your questions answered
Since Trading Standards announced the three stages of material information disclosure and published Part A – they have received plenty of questions. Here are the answers.