Agency
Boomin’s Michael Bruce pens open letter – ‘Rightmove is an example of market failure’
Michael Bruce: “I urge everyone to get on board and reset the balance of power in the industry between portals and agents.”
News
Other News
Opinion: “Not sure that TV was worth it”
The amount of stress everyone in the property industry is seeing is completely out of proportion with the costs involved.
Finance
Rightmove announces massive slump in revenue and profits in latest results
Rightmove today announced its results for the year ended 31 December 2020.
Agency
Agents lose more than £4,000 in commission for every property fall through
Almost a third of residential property sales fell through last month as purchasers eyed the looming end of the stamp duty holiday.
Acquisitions
Connells’ takeover of Countrywide approved by FCA
Countrywide and Connells expect that completion of the acquisition will take place on 8 March 2021. Here's the takeover timetable.
Tech
More than 250 agents sign up to free virtual viewings service
Lee Wainwright, CEO at FocalAgent: “Virtual viewings are a powerful tool and agents are waking up to their long-term potential.”
Compliance
Mental ‘health check’ for those working in property management sector
The results of this survey will provide a mental ‘health check’ for the industry.
Agency
Release of pent-up demand leads to Rightmove’s busiest ever day
The number of prospective buyers contacting agents in February so far is up by 22% on the same month last year.
Politics
No tax hikes until economy improves, says former Treasury advisor
“I don’t think there is any chance of capital gains tax rising,” says ex-advisor to the now former chancellor Philip Hammond.
Politics
Stamp duty holiday behind surge in homebuyer interest
Mark Hayward: “There is simply not the supply to meet this level of demand.”
Finance
Three-quarters of Brits support an extension to the stamp duty holiday
Research shows that a quarter of property buyers would withdraw from the market if the stamp duty holiday, which is due to end on 31 March, is not extended.
Finance
BTL landlords worried as Rishi Sunak looks set to increase capital gains tax
It has been recommended that CGT rates be raised in line with income tax rates.
Agency
Estate agency branch vandalised following Channel 5 show
The vandalism came after the agent set-up a Go Fund Me page to help a victim who featured on Channel 5 show 'Nightmare Tenants, Slum Landlords' last week.
Politics
Stamp duty extension is a ‘big win’ for agents and buyers – industry reaction
The approaching end of the stamp duty holiday is already having a profound effect on the property market.
Politics
Almost 800,000 homeowners at risk of repossession – new report
The coronavirus pandemic should provide a wake-up call for ministers on the need for stronger state support for homeowners at risk of eviction, according to a think tank.
Agency
LSL share price increases following positive trading update
All three divisions - financial services, surveying and estate agency - have reported growth in underlying operating profits.
Politics
Think tank calls for stamp duty to be scrapped
Think tank calls for the tax to be abolished altogether.
Agency
Around a third of properties for sale now feature video content
Some agents report that virtual viewings are helping them cut down on wasted in-person viewings.
Finance
Up to 300,000 transactions set to benefit from stamp duty extension
If an additional 300,000 transactions made it through, buyers could save around £1.75bn in total.
Agency
Agents are more concerned about stamp duty than Covid-19 claims report
A survey of over 600 property professionals revealed anxiety around an increased number of broken chains and fall-throughs this year.