Other News
Tragedy as footballer turned estate agent dies aged 35
Tributes pour in for estate agent who died after ‘heart attack on the pitch’.
News
Agency
OPINION: Many of the largest estate agents have seen profits increase
Among the biggest profit makers were Savills, Connells and LSL, but Chestertons is not worth the £100m price tag. Paul Smith offers his latest views.
Agency
Rightmove launches revenue protection insurance to cover lost agency fees
Rightmove says the new insurance product has been created following feedback from agents looking for alternative revenue protection.
Compliance
Agents told to prepare now for new regulations and avoid potential problems
Proposed changes could affect a number of properties and that has the potential to cause supply chain issues, agents have been warned.
Politics
HMRC extends self-assessment deadline – but taxpayers urged to pay today
HMRC has extended the self-assessment deadline, but there is a ‘sting in the tail’ warns tax expert.
Other News
Listings slump is driving up house prices as demand for property surges
Average year-on-year price increases were recorded in all 32 local authority areas monitored.
Lettings
Competition heats up in London rental market as demand grows
There was a 25% rise increase in tenant enquiries last month compared with a year earlier.
Law
Government urged to fix ‘injustice’ as buy-to-let landlords face cladding costs
Ben Beadle, chief of executive of the NRLA, has warned the government that getting buy-to-let landlords to pay for cladding removal “makes no sense”.
Agency
Purplebricks has “lost its way” and needs to charge more, says Russell Quirk
What would Russell Quirk do if he ran Purplebricks? The ex-head of Emoov joined Christopher Watkin to shares his thoughts on what’s gone wrong for the online estate agency. Watch now!
Acquisitions
Estate agency acquires rival’s sales business as part of growth strategy
The estate agency has expanded as a result of the acquisition, which is part of its wider growth strategy.
Compliance
New guidance abolishes Japanese knotweed ‘seven-metre rule’
RICS has published new guidance that scraps the ‘seven-metre rule’ that valuers use when determining whether Japanese knotweed poses a threat to a property.
Agency
OnTheMarket agrees deal that could provide agents with ‘significant additional revenue’
Estate agents signed up to OnTheMarket could now potentially earn ‘significant’ referral fees on land deals.
Agency
Historic agency expands with new East Sussex branch
The historic estate agency group has opened a new branch, with plenty more room for growth. Immediate areas the firm is looking to expand to include London, East Midlands, and others.
Law
What does Court of Appeal ruling mean for evictions and tenancy deposits?
What does key court ruling now mean for section 8 notices, tenancy deposits, and section 21 notices?
Lettings
PRS in London set to grow to 40% of homes by 2030 – BTL hotspots identified
Foxtons’ latest report on the London lettings market has been released. Here are the key findings, including the latest property hotspots in the capital, according to the agency.
Acquisitions
Barclays to bid for mortgage firm in potential £1bn deal
Barclays is understood to be preparing a bid for mortgage lender Kensington in a deal that would value the firm at around £1bn.
Finance
Why this is a good time for the London buy-to-let market
Ed Phillips, Foxtons chief sales officer – Lettings, explains why it is currently a good time to invest in the London buy-to-let market. The Winter 2022 London Lettings Report is also available now.
Finance
LSL achieves record full year group underlying operating profit
LSL Property Services released this morning a pre-close trading update for the year ended 31 December 2021, which shows a strong performance in line with the boards expectations.
Agency
Foxtons delivers much improved performance in latest trading update
Foxtons trading update, published this morning, shows a much improved performance, with revenues across all business segments for the 12 month period well ahead of 2020 and 2019.
Law
Key legal eviction ruling goes in favour of landlords and letting agents
The outcome of this case has serious implications for landlords, tenants and agents in England and Wales. You can view a recording of the hearing here.