Agency
House price growth will last well into 2022, says agency
The UK housing market follows a predictable cycle, and the signs suggest that property prices will continue to rise as buyers seek more space.
News
Finance
Tenant due diligence proptech platform completes £1m funding round
Major firms including Knight Frank, JLL and Douglas & Gordon are now using Homeppl’s technology.
Agency
London’s prime property market continues to show signs of recovery
Tom Bill, head of UK residential research at Knight Frank: “We can confidently predict a strong end to the year.”
Acquisitions
TPFG acquires mortgage broker as it looks to ‘grow the group’s financial services capability’
Gareth Samples, group chief executive officer of TPFG: “[The acquisition] will ultimately provide a meaningful contribution to our franchisees’ and group's financial performance.
Law
Agent awarded £185k compensation: ‘How are mums meant to have careers and families?’
Alice Thompson, former sales manager for Manors: “I'd put my heart and soul into an estate agency career for more than a decade.”
Other News
Dust down your GCSE knowledge – they’re shipping Boxer off to the glue factory
Peter Ambrose, founder of conveyancing specialist The Partnership, offers his latest ‘opinion’ piece.
Lettings
UK rents outside London are rising at their highest rate for over a decade
Gráinne Gilmore, head of research at Zoopla: “Demand for rental property is likely to remain higher than usual in the coming months, amid this swing back to city life.”
Lettings
New platform provides instant deposit registration for letting agents
Aaron Messenger, compliance officer at Andrews Property Group: “We're saving seven minutes on average for each deposit registered.”
Agency
Rents have soared up to 25% in the ‘most desirable areas’ this year, says agency
Kate Eales, head of regional residential agency at Strutt & Parker: “The recovery in the rental market has, in many ways, mirrored the boom in the sales market.”
Finance
House prices set for further growth ‘fuelled by a short supply of housing stock’
Jeremy Leaf, a north London estate agent: “These prices are as much to do with stock shortages and cheap mortgage finance as activity.”
Agency
Overseas property buyers and renters starting to return to UK property market
Tom Bill, head of UK residential research at Knight Frank: “I expect overseas buyers and tenants to make their presence felt in the final quarter of this year.”
Charity
Spicerhaart fundraisers raise £26,000
The money will be used to take children from hospices across the UK on a dream holiday to Disneyland Paris.
Acquisitions
Sharp rise in the number of sites sold for housing development
Patrick Eve, Savills head of regional development: “We have had a very strong first half of the year.”
Finance
EYE NEWSFLASH – ARPM ‘has ceased trading’ and is taking advice about liquidation
Insolvency firm confirms it is advising ARPM about liquidation
Compliance
Estate agent fined £180k for refusing to let staff member leave work early
Alice Thompson, who worked as sales manager for Manors estate agency, wanted to finish work at 5pm, rather than 6pm.
Compliance
The Guild seeks ‘a solution’ amid mounting concerns about ARPM
Paul Offley, compliance officer at The Guild: “Our priority is to provide support and guidance.”
Agency
Estate agency – who pays the bills?
There is room for improvement in terms of how the agent interacts with the buyer or tenant.
Finance
The ‘mortgage price war is heating up’ as rates fall even further
Miles Robinson, head of mortgages at Trussle: “There are now 86 deals with an interest rate of 0.9% or lower.”
Agency
Trading remains strong at franchised agency
The board says that it is confident of achieving a strong trading performance for the full year.