Finance
LSL Property Services launches £10m share buyback
The Newcastle-based property group says that the return of excess capital to shareholders through the Share Buyback Programme will be funded by cash resources.
News
Agency
Estate agent goes green with switch to fleet of electric cars
Three electric charging points have been installed at the staff car parks near the York office on Bootham, as well as home charging for staff that require regular use of the vehicles.
Lettings
Rent prices surge upwards in London’s prime locations
Limited rental stock and increased demand has resulted in tenants extending existing tenancies rather than relocating.
Politics
Can housing targets be met?
New housing supply is currently lower than the government’s ambition of 300,000 new homes per year, leaving estate agents short of much-needed stock of homes for sale and to let.
Law
Government plans to bring in new laws to combat fake reviews
Proposals include making it "clearly illegal" to pay someone to write or host fake reviews.
Agency
Foxtons gives upbeat report on lettings market and eyes growth in sales
Q1 trading update: Foxtons says ‘all areas of the business’ is performing in line with company expectations, and is now increasing the number of sales negotiators in its branches.
Agency
Watch this EYE exclusive: Make Google benchmarking work for your agency
New Property Industry Eye contributor, Jeremy Harford Tapp, director of Homeflow and digital strategist for estate agents, explains how you can improve your agency’s online performance.
Lettings
Have your say: BBC wants to know why there is a shortage of privately rented homes
A number of buy-to-let landlords have divested their portfolios and left the private rented sector in recent years due to an increase in regulation and rules.
Agency
New estate agency launches in London
The new estate agency has been established by Mark Beim, who previously worked as a negotiator at Knight Frank, Robert Holmes, Alan Briegel and Coombe Residential.
Agency
Ex-Countrywide chief joins BidX1 board as chair
Former Countrywide chief executive and chairman Grenville Turner has been appointed as chairperson of the BidX1 board.
People
Lesley Horton announced as new Deputy Ombudsman
The new deputy Ombudsman, Lesley Horton, will work alongside Property Ombudsman, Rebecca Marsh.
People
Advice for how agents can recruit and retain talent
John Paul will share what he sees as the best practice approaches to running and retaining staff members in what some agents are currently finding is a challenging market.
Acquisitions
nurtur.group partners with LettsPay
nurtur.group has completed its first investment through its accelerator programme, which launched at the end of January.
Agency
London-focused ‘off market’ property platform eyes UK wide expansion
The business reports that it currently makes around 20 property introductions to agents each month and has 25,000 registered buyers.
Lettings
Proportion of landlords reporting increasing tenant demand hits all-time high
Another record high in the proportion of landlords reporting increasing tenant demand reaffirms the need to increase the supply of homes in the private rented sector.
People
EYE NEWSFLASH: Purplebricks confirms appointment of new chief Helena Marston
Marston is the company’s new chief operating officer, taking over from Vic Darvey.
Finance
House prices set to rise further based on transactions currently underway
UK house prices look set for new record highs in the coming months despite the cost of living squeeze.
Training
Winning instructions – the thin line between confidence and arrogance
We often enjoy confidence in people. We are, conversely, repelled by arrogance. So, ‘Six of the Best’ tips will ensure you and your employees are firmly in the former category.
Other News
Low supply remains the biggest challenge facing buyers as prices hit new peak
The housing market has seen record-breaking growth as buyers sought more space and greenery, with high-value properties leading the way.
Agency
OTM expands Town Hall initiative and CEO pledges to meet agents in person
Launched in early 2021, the virtual Town Halls give all OTM members the opportunity to join a group meeting chaired by Jason Tebb, to directly discuss any topic they wish.