Asking price fall | 'Vile and abhorrent' agent | Commission crunch

Brutal industry reaction as Purplebricks looks for 'new ownership structure'

When Purplebricks announced on Friday it was looking for a buyer it didn’t take long for the knives – and jokes – to come out. Industry reaction has been both funny and brutal.

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Sunak appoints replacement for housing minister - sixth in a year!<br />

Rachel Maclean has been appointed as a DLUHC minister to take over from Lucy Frazer, who was promoted to the Cabinet.

Click here to read Sunak appoints replacement for housing minister - sixth in a year!<br />.

Belvoir Group reports record revenue after £4 million jump

Revenue at the Group increased to a record £33.5 million from £29.6 million in 2021 buoyed by an increase on rents on new tenancies increasing by 10.8% during 2022.

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The Neg's Head of Content, Nigel Lewis takes a long, cold look at the new bill to reform the PRS.

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MORTGAGE PAIN: Two-year deals more expensive after rate rise<br />

Rightmove's home loans tracker shows that two-year fixed rate deals are 0.26% higher than a week ago.

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Foxtons finally feels the 'Gittins gold' as profits surge 10%<br />

Estate agency puts the bad old days behind it as recently-installed CEO says his strategies are working.

Click here to read Foxtons finally feels the 'Gittins gold' as profits surge 10%<br />.

Has peak rental demand peaked passed? New data says yes<br />

Figures from Barrows and Forrester reveal a quarterly and annual drop in tenant demand despite a crisis in the mortgage market pricing many people out.

Click here to read Has peak rental demand peaked passed? New data says yes<br />.

Purplebricks launches national £999 selling fee under new ownership<br />

Strike, which bought the firm for £1 just a few days ago, says bold new strategy will help grow the firm.
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Click here to read Purplebricks launches national £999 selling fee under new ownership<br />.

BLOG: Want to go it alone? Here’s 10 tips to launch your estate agency

Property Webmasters boss Jamie Arthur highlights key actions that will help ensure success when setting up your own estate agency business. 

Click here to read BLOG: Want to go it alone? Here’s 10 tips to launch your estate agency.

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Find Properties will encourage agents to differentiate themselves by improving their own web presence which will also improve standards and competition.

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New CEO takes over reins at big international property portal

Kyero Co-founders Martin and Louise Dell have handed the leadership role to Gemma Coles.

Click here to read New CEO takes over reins at big international property portal.

Rightmove launches month of legislation webinars for agents

Staying compliant continues to rank high on the list of concerns from agents and remains one of the most popular topics covered in the portal's webinars.

Click here to read Rightmove launches month of legislation webinars for agents.

Letting agents have eight weeks to comply with new Northern scheme

The Merseyside scheme requires agents and landlords to submit their applications for a licence by August 31st and so far 600 have been received.

Click here to read Letting agents have eight weeks to comply with new Northern scheme.

Naive first time buyers put plans on hold after discovering 'hidden costs'

New research reveals one in seven first time buyers suspend intention to buy due to raft of 'unexpected' fees and Stamp Duty.

Click here to read Naive first time buyers put plans on hold after discovering 'hidden costs'.

BLOG: Business support, software and services – how to get 'bang for your buck'

When times are hard, it’s critical to analyse your investments – from software tools to additional services or business support, says Brian Farrell.

Click here to read BLOG: Business support, software and services – how to get 'bang for your buck'.

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Naive first time buyers put plans on hold after discovering 'hidden costs'

 

Big agency launches ‘super branch’ in historic Midlands city

The Grade II listed Coventry building dates back to the early 19th Century and was once the home of the organist at the city's Cathedral. 

Click here to read Big agency launches ‘super branch’ in historic Midlands city.

New figures show lowest October asking price increase since 2008

The proportion of homes that are finding a buyer has dropped from eight in every 10 to six in every 10, making pricing competitively critical.

Click here to read New figures show lowest October asking price increase since 2008.

'Abhorrent and vile’ estate agency faces £119,000 costs after prosecution

The Council took action against SB Lets last year following complaints from tenants about harassment including threats by email.

 

Click here to read 'Abhorrent and vile’ estate agency faces £119,000 costs after prosecution.

Interest rates of 6% and 7% will be the new normal

Mortgage Advice Bureau boss Peter Brodnicki says that stubborn inflation continues to see the Bank of England pushing rates up.

Click here to read Interest rates of 6% and 7% will be the new normal.

In this month's issue:

 

• COVER STORY: How a branch makeover can win instructions.

 

• FEATURE: Rent guarantee insurance and how it can save your landlords.

 

• LEGAL: Direct marketing and how it can earn you a £500,000 fine.

 

• COMMENT: How to manage the credit squeeze and defaulting tenants.

 

• MARKETING: Don't be afraid of Artificial Intelligence – it could boost your business – starting tomorrow!

 

• REDRESS: Too much pressure. The Property Ombudsman adjudicates on a complaint against an over-zealous agent.

 

•INTERVIEW: The agent who got into bed with billionaire, Warren Buffett.

Click here to read .

Zoopla creates new 'back to market' label for fall-throughs

The portal says it is trying to 'educate' buyers on all the reasons why a property sale can go wrong.

Click here to read Zoopla creates new 'back to market' label for fall-throughs.

Dinner invite to estate agency seniors issued by leading industry duo

Baldock brothers are organising their latest central London dinner gathering for all comers who are owners or directors of agencies.

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It's not fair! UK agents receive less commission than other countries<br />

Lee O'Brien of IAD UK says 'a race to the bottom' has left agents in this country out of pocket compared to their international counterparts.

Click here to read It's not fair! UK agents receive less commission than other countries<br />.

Former Keller Williams agent joins hybrid estate agency Hortons

Iwan Hall brings started his career in estate agency straight after leaving school and has past experience being self-employed.

 

Click here to read Former Keller Williams agent joins hybrid estate agency Hortons.

Propertymark to probe leading lettings firm after BBC investigation

Student Haus has suspended a member of staff after being accused of letting a sub-standard property to students and faking a signature.

Click here to read Propertymark to probe leading lettings firm after BBC investigation.

The Negotiator Magazine October edition is live and waiting for you – 54 pages of news, features, interviews, opinion and advice. <br />Just click and flip!

• House prices latest – expert analysis

 • Interview: Yasmin Ulhaq, Glenfield Property Management – super-prime practitioner

 • FEATURE – Photography and floor plans, latest innovations

•  The Negotiator Awards & Conference – gearing up for the best agent event of the year!
• FEATURE – Inventories and technology, a marriage made in heaven

 • Interview – Eric Von Bahr of Plentific, a tech-enabled property management model of the future

• Who Goes Where – roundup of the industry's movers and shakers

• Community Matters – charitable efforts by agents around the country

 PLUS: Adam Walker column, The Ombudsman Files, Digital marketing advice and much more. 

Click here to read The Negotiator Magazine October edition is live and waiting for you – 54 pages of news, features, interviews, opinion and advice. <br />Just click and flip!.

REDRESS: The Ombudsman Files

Each month The Negotiator follows a case brought before The Property Ombudsman. This month, an argument over legal bills.

Click here to read REDRESS: The Ombudsman Files.