Lettings
Early signs of a recovery in the prime London market
Younger tenants are capitalising on historically lower rents, but there is a reluctance of older tenants looking to move into London during the pandemic.
News
Compliance
New government pilot scheme aims to reduce property crime
Lloyd Davies, operations director for the Conveyancing Association: “This is a significant move forward for our industry in looking at solutions to keep our clients and their properties safe from criminals.”
Agency
Property lawyers ‘can’t find any estate agents willing to work in an up-front info way’
Rob Hailstone has shared recent questions and comments raised recently by PIE readers with the Home Buying and Selling Group – read the replies.
Other News
House prices set to soar amid supply-demand imbalance
Significant growth in residential property prices has been forecast.
Acquisitions
Foxtons struggling to regain lost market share, says investor
Catalist Partners, controlled by property industry veterans including Robin Paterson, has a 2% stake in Foxtons and is now trying to engage with the firm's management team.
People
Comings and Goings
The Letting Partnership expands with three new hires; David Cowans retires; Lawrence Stephens promotes Nisha Saigal
Tech
New creative platform for agents
Property marketing agency DCTR is launching a new visual marketing platform.
Events
The DPS to host free dispute webinars
More than 2,000 attendees have already signed up for the 60-minute webinars.
Compliance
Upfront information in the home moving process – frequently asked questions
Rob Hailstone, founder of the Bold Legal Group: Providing information up front and creating a property transaction pack won’t work, unless made mandatory.
Finance
New government-backed 95% mortgage guarantee scheme launches today
Zoopla's Richard Donnell: “Supporting buyers with small deposits is key to widening access to home ownership.”
Tech
Zoopla boss wants to ‘speed up sales’ by putting all property details online
‘My Home’ will be a “gamechanger”, according to Zoopla.
Acquisitions
New national agency group eyes further growth
Will Linley of the Lomond Group: “We are delighted with progress on acquisitions during the first quarter and envisage this level of activity being at least maintained if not exceeded.”
Other News
Given the fast pace the market is moving, ‘there will be no houses left to sell’
Industry reaction house prices hit record high and properties sell at fastest pace ever recorded.
Agency
Simply Conveyancing: ‘Progressing pipelines should be agents’ absolute focus at the moment’
Estate agents are being advised to make sure they get paid ahead of the extended stamp duty holiday deadline by following a range of steps.
Agency
High demand is ‘creating a frenzy around properties as soon as they hit the market’
Agents are reporting that they are inundated with enquiries as soon as a property is listed.
Agency
‘The biggest lack of stock we’ve seen on the market for at least the past 20 years’, says agent
Richard Freshwater, director at Cheffins: “Demand is huge, created by a perfect storm of low interest rates, the stamp duty holiday and changes in people’s working patterns.”
Agency
Zoopla launches biggest ever marketing campaign
The portal aims to stimulate the vendor market, driving greater gains for agents.