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Here is today’s Breaking News from the estate agency world. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Rightmove: Asking prices hit new high by legal delays ‘frustrate’ the market

Asking prices have hit a record high as agents and sellers become more bullish about the market’s prospects. The latest Rightmove house price index shows the average...

OnTheMarket: Buyer’s market has shifted to level playing field

A level playing field has emerged between buyers and sellers as purchasers have become less certain of their position, OnTheMarket (OTM) claims. The portal’s latest Property Sentiment...

Foxtons founder moves up Sunday Times Rich List

Foxtons founder Jon Hunt’s wealth fell in 2023 but he still managed to move up the Sunday Times Rich List, the latest rankings show. The annual list...

 Prospecting tool unveiled by iamproperty

A new prospecting solution has been launched by iamproperty. The announcement follows the proptech firm’s recent high-profile acquisition of Information Works.   The Marketing Toolkit is described as...

New Savills partnership expands Croatian presence

Savills has entered into an association with DDG Group in Croatia to support its continued expansion in Europe. DDG Group is a respected firm in advisory, project...

Independent agent launches in Northumberland

A new estate agency has been launched in Northumberland, offering a VIP member’s club to provide early access to properties. The new agency, called Northumberland Properties, is...

Rightmove: It's difficult for agents to provide material information

The task of obtaining material information is more difficult than it appears for estate agents, Rightmove has warned. The portal revealed in its written submissions to the...

Zoopla: First-time buyers are better off buying than renting

It is now 8% cheaper to buy a property than to rent in the same area even despite higher mortgage rates, Zoopla research has revealed. Analysis by...

Fine & Country expands ‘Iconic’ ad campaign

Fine & Country has expanded its latest advertising campaign titled ‘Dare to be Iconic.’  The upmarket agency network said the campaign will span across multiple media platforms,...

JONATHAN ROLANDE: It’s not all good news for Rightmove

Another week and more good news for Rightmove. The company which  estate agents love to hate has just announced it has grown its business even more...

Latest Rightmove and FCS Compliance AML webinar announced

Rightmove has revealed details of its latest anti-money laundering (AML) webinar. The next event, in partnership with FCS Compliance, is titled 10 costly anti-money laundering mistakes and...

Agents Do Charity - positive charitable developments

A variety of charities have received support from the property industry this week. If there are charitable endeavours you think the rest of the industry should know...

Yopa boss rebuffs claims that online agents lack sales motivation

Verona Frankish has hit back at critics who claim fixed-fee agents who charge upfront fees have no motivation to sell. Frankish, chief executive of Yopa, highlighted data...

LonRes: Longer sales times are creating ‘vicious cycle’ of fall-throughs

Prime London property sales are taking longer to go through once under offer, which is creating a vicious cycle of fall-throughs, LonRes warns. April market data from...

Use of Help to Buy ISA-backed property deposits slumps

The number of properties purchased using a Help to Buy ISA-backed deposit fell to record lows last year, official data shows. Government figures have revealed that there...

AI property search app launches Collections feature for roomscrollers'

Google-backed property search app Jitty has launched a new ‘Collections’ feature – that creates groups of the most interesting and 'trending' properties from around the UK to...

Agency network sets date for AI-focused annual conference

The Federation of Independent Agents (FIA) has set a date for its annual conference. It will take place on 12 July 2024 in Milton Keynes, sponsored by...

‘Less transactional’ services boost Savills

Savills’ “less transactional” services have boosted its performance so far this year amid a slower property market. A trading update from the agency and property brand ahead...

Foxtons share price can return to 400p - analyst

Foxtons has been backed by a senior analyst to return to its previous peak earnings. A note from Singer Capital Markets suggested that with Foxtons’ shares rising...

CRM backs Rightmove data feed changes

Street.co.uk has added new fields directly into its property records to help agents stay compliant following the new material information guidance. It comes after the agency CRM...

 Agency AI guide launches to 'cut through to noise'

Kerfuffle has launched a new e-book focusing on artificial intelligence (AI). Titled, The Ultimate Guide to AI in Estate Agency, the industry proptech review and comparison platform...

Guild member marks opening of new office

County Down estate agency Quinn Estate Agents has officially opened its new Downpatrick office following the devastating floods that impacted the market town in November 2023. Founded...

West Yorkshire agent expands with latest acquisition

Property consultancy Walker Singleton has acquired the book of business of Wilkinson Woodward Solicitors-owned Halifax estate agents Boococks as part of its ongoing West Yorkshire growth...

PropTech Today - Why we can't afford not to be alive to the growing risk of cyber fraud

THE property sector has embraced technology and the enormous benefits that it can bring. Never was this more accurately demonstrated than during the pandemic, where technology helped...

Agency regulation and enforcement will improve home sales - claim

Estate agency regulation is needed to help improve the homebuying and selling process, MPs have been told. The first hearing of the Levelling Up, Housing and Communities...

Mystery surrounds latest Keller Williams market centre

The future of another Keller Williams (KW) market centre in the UK appears unclear. KW Prime, once the flagship market centre of the self-employed brand, is rumoured...

Energy assessors demand evidence that EPCs aren’t accurate

A trade body has queried parts of consumer watchdog Which?’s report into energy performance certificates (EPCs). A report from Which? earlier this month suggested that EPCs need...

Mortgage rates rise but borrowers have more choice of home loans

Homebuyers have been hit by the highest jump in mortgage rates since March, research suggests. Analysis by Moneyfacts found the typical pricing on two and five-year fixed...

Spring seals part exchange partnership

Home-buying and property part exchange service Spring has partnered with developer McCarthy Stone. The partnership will enable Spring to offer its part exchange service to McCarthy Stone’s...

North East agency makes third acquisition in six months

Pattinson Estate Agency has acquired NS Bennett Estate Agents, a well-established estate agency in the North East town of Stanley and the surrounding areas. It is Pattinsons...

MPs begin inquiry into home buying and selling process

MPs are set to begin their inquiry into improving the home buying and selling process today. The Levelling Up, Housing and Communities (LUHC) will question consumer, professional...

Rightmove raises expectations but do the markets believe it?

Rightmove posted a bullish trading update and raised performance expectations for the year ahead on Friday but the markets seemed less convinced. In the same week that...

Housing concerns growing among the public – ONS

Increasing numbers of people are citing housing as their main concern, official data suggests. The latest public opinions and social trends survey by the Office for National...

Research highlights risk of skipping home surveys

Around one in 10 buyers who failed to get a survey on a property purchase have gone on to find issues with it, research suggests. A survey...

Yorkshire agent unveils AI-powered CRM tool

The founding team behind Yorkshire agent Preston Baker has launched a custom-built AI-powered CRM system for UK estate and letting agents.  Preston Baker is the first agent...

Varying property market performance shows benefits of local agents - report

Local property market performances vary from 12% gains to price reductions of as much as 24% since the pandemic house price peak in September 2022, research...

Interest rates held but agents pin hopes on falling mortgage pricing

Agents remain typically optimistic about the property market after interest rates were been held at their 16-year high of 5.25% by the Bank of England (BoE)...

Hamptons: Price reductions decline as sales 'bounce back'

Price reductions fell to an 18-month low in April as transactions recover faster than prices, new industry data reveals. Figures from Hamptons, based on activity at around...

JONATHAN ROLANDE: Property market needed shot in the arm but got a slap in the face

It was the news we were all expecting. But I still feel a sense of disappointment as I digest the fact the Bank of England has decided...

Supreme Court overturns Japanese Knotweed redress ruling

A landmark ruling on the affect of Japanese knotweed on property values has been overturned, which could have implications for home buyers and sellers affected by...

Rightmove reveals most sought-after period property styles

The allure of Victorian architecture continues to captivate homebuyers, Rightmove suggests. Analysis by the portal shows Victorian homes are the most searched for period property style.  Rightmove’s Keyword...

Agents Do Charity - back in the swing of things

A variety of charities have received support from the property industry this week. If there are charitable endeavours you think the rest of the industry should know...

RICS: Agency stock rises to three-year high but sales are facing short-term slump

Agency stock has hit a three-year high but sales expectations have dipped as hopes of an imminent interest rate cut fade, research suggests. The latest Royal Institution...

Regional agent seals local acquisition

Wiltshire, Berkshire and Oxfordshire-based Jones Robinson has announced the acquisition of Manningford Croft, an agency based in nearby Pewsey.  The company said the acquisition strengthens Jones Robinson's...

Independent Surrey agent moves Woking office

Seymours has relocated its Woking office to a new modern showroom office in the Victoria Place shopping centre. The independent 20-branch estate agency based predominantly in Surrey,...

Chain-free properties command 3.9% premium – research

Chain-free homes are commanding an asking price premium of 3.9% compared with other homes, rising to a premium of 7.2% in one Yorkshire city, research suggests. Upfront...

Made in Chelsea! Boutique firm expands with latest agency deal

Boutique Knightsbridge estate agency Nicolas Van Patrick (NVP) has acquired Chelsea lettings and management company HLR and is on the lookout for more firms. The independent firm,...

Building societies are boosting first-time buyers – research

Building societies are currently offering the most competitive mortgage deals for first-time buyers compared with high-street lenders, research suggests. Analysis of 90% and 95% loan-to-value mortgages by...

Halifax: Housing market is 'finding its feet' as monthly growth remains flat

The housing market is still “finding its feet,” Halifax has claimed, after its latest data showed house prices appeared to stagnate during April. The April Halifax House...

Agents highlight biggest industry challenges and opportunities

Help to Buy has been ranked as having the most positive influence on the property market in recent times. Agency comparison website GetAgent surveyed 957 estate agents...

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