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Rightmove asks agents: What do you think of OnTheMarket?

July 31, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 31, 2015 Rightmove has sent out a long questionnaire to agents which essentially asks them what they think of challenger portal OnTheMarket. By contrast, the questionnaire asks barely any questions that mention […]

Have agents shot themselves in the foot over OTM, asks Financial Times

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 31, 2015 The war of words over property portals continues apace after Rightmove’s record-breaking results this week. The results came in ahead of all broker expectations and revealed a 75.5% profit margin, […]

Disaster for British estate agents and families in Dubai firm’s collapse

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 31, 2015 The scale of the collapse of a Dubai estate agent and its effect on Britons seeking a new life for themselves and their families has emerged – and looks to […]

Fraudster targeted home with For Sale sign outside

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 31, 2015 A man who targeted a house with a For Sale sign outside it, arranged a viewing through the agent and then stole a credit card belonging to the vendor’s son. […]

It’s not your usual company car – it’s the Morgan 3 Wheeler

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 31, 2015 As a company car, it’s about as far away as you can get from a Foxtons mini. For a start, it’s not green, it’s not branded and it only has […]

Connells profits take a dive – but firm says it is on course for best year ever

July 30, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 30, 2015 The Connells Group has announced sharply reduced profits for the first half of this year – but says a strong second half of this year will make 2015 a record […]

Generation Rent fights to stay alive after Nationwide Foundation pulls funding

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 30, 2015 Lobbying group Generation Rent will go under unless it manages to raise enough money from supporters by the end of August. The group says it “unexpectedly” has only two months […]

British estate agents in search of better life stranded in Dubai

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 30, 2015 A high-profile Dubai estate agent which has been recruiting staff from the UK has gone bust. British agents recruited this year, lured by the lifestyle and prospect of tax-free earnings, […]

Countrywide profits tumble 61% as house sales are hit

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 30, 2015 The first half of this year saw ‘depressed’ activity in a ‘difficult’ housing market, with a 12% drop in sales, Countrywide reported to the City this morning. Although its total […]

Landlords’ Barometer – #21: When a tenant asks to be evicted

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 30, 2015 Welcome to “Landlords’ Barometer #21” with a rundown of trending topics for landlords. The summer Budget tax reforms for landlords are still a hot topic! 1. Budget beating strategies for […]

City where just four letting agents out of 80 ‘comply with law on fees’

July 29, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 29, 2015 An astonishing number of letting agents are not displaying their fees in the first city outside London which looks to be taking a serious interest in industry compliance. Earlier this […]

Rightmove announces clutch of record results to City

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 29, 2015 Rightmove more than found its happy this morning, announcing record results to the City with revenue up 16% to £93.1m in the first six months of this year. Its share […]

Cameron says money laundering via property must stop

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 29, 2015 The National Association of Estate Agents has welcomed David Cameron’s commitment to take action on money laundering. The NAEA also revealed that its own inquiry, following the From Russia With […]

Sales volumes slip badly across England and Wales – Land Registry

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 29, 2015 Sales volumes slipped markedly in the first four months of this year. They averaged 57,918 a month, down from the same period in 2014 when sales volumes averaged 66,949 per […]

Martin & Co signs up software firm for 90 offices in record deal

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 29, 2015 In one of the biggest deals of its kind, property chain Martin & Co has signed a five-year agreement with estate agency software provider Reapit. In the deal, the 90 […]

OnTheMarket set to announce record 5m visits this month

July 28, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 28, 2015 Challenger portal OnTheMarket is expected to mark its first six months by announcing that it received 5m visits this month. With just days to go until the end of July, […]

Estate agency regulator considering options after High Court case

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 28, 2015 The estate agency regulator has said it is considering its options after a High Court judgement ruled against it. London estate agents Christian and Angie Littlewood, who both have criminal […]

Housing demand soars to 11-year high – but where’s the supply?

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 28, 2015 Housing demand is at an 11-year high, the NAEA has claimed. It says that in June, the number of applicants registered per branch was the highest since August 2004. The […]

Growing crisis for tenants faced with nowhere in London they can afford

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 28, 2015 London is on the verge of a labour crisis as low-paid workers are unable to afford sky-high London room rents, it is claimed. According to flat share website SpareRoom, for […]

First-time buyer property prices shoot up by £138 per day

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 28, 2015 Average first-time buyer house prices shot up by £4,150 in June, says estate agent haart. The rise equated to £138 per day, or £12,000 over the year. Haart also said […]

Protesters try to force Rightmove and agent to remove listing

July 24, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 24, 2015 A repossessed property listed on Rightmove was yesterday morning abruptly removed. In an escalating protest, it seems anarchists had attempted to bring both the portal and the agents concerned under […]

New government-backed online guides published for agents

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 24, 2015 Advice to agents has been published on a new website, the Government-backed businesscompanion.info The advice is described as being written by expert contributors under the guidance of the Chartered Trading […]

allAgents launches industry jobs portal

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 24, 2015 The industry review site allAgents has launched a recruitment service. It announced yesterday that its jobs portal is now operational, and that companies can save “thousands on their recruitment costs […]

2,000 landlords and agents fined for housing offences

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 24, 2015 Just over 2,000 landlords and letting agents were fined for offences under the Housing Act 2004 between 2006 and 2014. Altogether, the 2,006 individuals and companies were fined nearly £3m, […]

One in three letting agents report rent increases

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 24, 2015 More than one in three letting agents reported rent increases last month, ARLA has said. The 36% who said that rents had increased between May and June was the highest […]

Osborne poised for ‘imminent’ new crackdown on buy-to-let

July 23, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 23, 2015 Chancellor George Osborne could crack down on the buy-to-let sector “imminently”. The new curbs would be on top of measures already announced this month, to scrap the wear and tear […]

Over half of under-40s will live in private rented homes within a decade

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 23, 2015 More than half of the under-40s will be renting by 2025, home ownership will drop to about 60% and the number of households renting privately will rise to 7.2m The […]

Tenant wins deposit case after disputing agent’s estimate

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 23, 2015 This new case looks at a claim for utility charges related to the use of a shared heating and air conditioning system provided in an apartment. The amount of deposit […]

Think tank changes housing market forecast after just four months

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 23, 2015 Think tank the Centre for Economics and Business Research has trebled its forecast for house price growth this year, saying that supply shortages will force prices to a record high. […]

Industry star Josh Phegan returns with his Prospecting School

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 23, 2015 The ‘Prospecting School’ run by renowned international trainerJosh Phegan will be back for the third consecutive year on September 25, the Property Academy has announced. Its aim is to give […]

Mystery ‘agent’ rapped by watchdog says it won top industry award

July 22, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 22, 2015 Mystery surrounds an “agent” which has been reprimanded by the advertising watchdog. The firm uses a logo on its website making it look as though it won last year’s Sunday […]

Five estate agents face possible bans or warnings, says regulator

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 22, 2015 Action has been taken against just three estate agents this year by the National Trading Standards Estate Agency Team – but a further five cases are currently going through an […]

Zoopla agents snap up more shares a year after stock market float

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 22, 2015 Zoopla member agents have snapped up more shares in the portals business. Zoopla Property Group said that 87% who bought discounted shares in last year’s IPO have now opted to […]

Rightmove confirms launch of webinars for agents

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 22, 2015 Online webinars have been launched by Rightmove after an overwhelmingly successful trial in which 3,500 signed up for the 30-minute slots. Yesterday the portal insisted that its new webinars for […]

Coup for RLA as it announces new policy director David Smith

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 22, 2015 A new policy director has been appointed to the Residential Landlords Association. He is David Smith – EYE’s legal contributor – who succeeds Richard Jones, the highly regarded long-term policy […]

Agents ‘avoid CPR prosecutions by making ex gratia payments’

July 21, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 21, 2015 While there appears to have been only one successful prosecution brought under Consumer Protection Regulations, reported last week by EYE, there have been “hundreds or maybe thousands of ex gratia […]

Essential advice: How to be compliant in a world full of complaints

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 21, 2015 Commercially Compliant Have you ever noticed how close the word complaint is to the word compliant? One minor slip on the keyboard and everything changes. Likewise, failures in the way […]

Expelled agent ‘moved tenants into property without landlord’s knowledge’

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 21, 2015 A second agent has been expelled from The Property Ombudsman scheme within a matter of days. The expulsion of Allen & Crane Estates, a sales and lettings agent based in […]

City council swoops on letting agents operating outside redress schemes

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 21, 2015 In a major clampdown, a city council has in the last six weeks fined 11 letting agents a total of £37,000 for not belonging to a redress scheme, in contravention […]

Colleagues mourn loss of outstanding agent at age of 38

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 21, 2015 The tragic death of an outstanding estate agent at the age of 38 has left her colleagues in shock. Rachel Francis, who managed the Canterbury branch of Ward & Partners, […]

RICS speaks out after abrupt ending of Zoopla trial of £9.99 property reports

July 20, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 20, 2015 Property reports on Zoopla which cost £9.99 have been pulled from the site in what turns out to have been a “short trial”. EYE drew attention to the reports in […]

Supply crisis worsening, says Rightmove, as new instructions dive

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 20, 2015 The property drought has worsened with a sharp drop in new sellers. Their numbers are down 10.6% on a year ago, Rightmove said this morning. However, the portal reported high […]

Customers ‘do not want no sale, no fee’ says online agent

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 20, 2015 Online agent HouseSimple is due to start advertising on TV “imminently” and will go on another fund-raising round shortly, aiming to quadruple in size over the next year. The firm, […]

Average estate agent’s fee sticks at 1.3% for 15th month running

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept Written by: Stephen Hayter | July 20, 2015 June 2015 is the 15th consecutive month when agents’ average percentage fee remains the same at 1.3%. In April 2014 when it first fell to this […]

Vendors told: Sell your home for less than it’s worth

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 20, 2015 People should sell their homes for less than they are worth in order to help solve the housing crisis. Similarly, landlords renting out a flat should charge less than the […]

‘More people have heard of Zoopla than Rightmove’ claim

July 17, 2015

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 17, 2015 New research claims to show that more people have heard of Zoopla than Rightmove. The research was conducted by Harris Interactive on behalf of ZPG, and reveals that Zoopla leads […]

Why agents must stand up to the power of the portals

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept ‘The WordSmith’ Paul Smith CEO of Spicerhaart Written by: Paul Smith | July 17, 2015 Just puppets in the portal war? Our reliance as an industry on property portals risks us becoming little more […]

Sales up almost 30% on a year ago, says Connells

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 17, 2015 New data from Connells shows that the group’s estate agency business has performed exceptionally well, with the number of sales agreed in June up 27.5% versus last June. David Plumtree, […]

Mortgage lending shoots up to seven-year high

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 17, 2015 Lenders have revised their estimates for the housing market this year, believing there will be more housing transactions but fewer purchases made with mortgages than they had first thought. The […]

Rents rising at fastest rate on record as arrears jump

This website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.Accept | July 17, 2015 Rents are rising at their fastest rate on record – and arrears have jumped. This morning, estate agency chains Your Move and Reeds Rains said that rents could accelerate further […]