Wealth tax | Builders' £100m fine | Stamp Duty proposal




AUCTION UPDATE: Residential sales driving resilience in auction market

The latest property auction market insights from Essential information Group's David Leary reveals the dominance of residential sales.

Click here to read AUCTION UPDATE: Residential sales driving resilience in auction market.



Concerns mount over AI-generated ID fraud within housing market

The emergence of artificial intelligence has led to record levels of ID fraud, warns proptech firm, making it easier and faster to gain access to properties illegallly.

Click here to read Concerns mount over AI-generated ID fraud within housing market.



Airbnb 'won't take down illegally-sublet listings' claims landlord

The short-lets giant has not taken down a listing despite being informed that the Central London property is being illegally sublet, it is claimed.

Click here to read Airbnb 'won't take down illegally-sublet listings' claims landlord.



LSL Estate Agency Franchising expands service offering

MD Paul Hardy announces strategic partnership with B-hive Block Management to boost franchisees' growth potential.


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CLAIM: High St agents face double threat of rising costs and stiffer competition

Bricks-and-mortar estate agencies facing higher staff costs and increased competition from the growing number of ‘personal’ agents according to Property Experts founder.

Click here to read CLAIM: High St agents face double threat of rising costs and stiffer competition.



Guild reports 'thousands of referrals' via network

Guild of Property Professionals chief Iain McKenzie says its referral system has generated 2,086 referrals for its network since the start of the year.

Click here to read Guild reports 'thousands of referrals' via network.



Number of former rental properties for sale rises as CGT changes loom

Research by Rightmove among its listings shows the proportion of former rented properties within the market rising to 18%.

Click here to read Number of former rental properties for sale rises as CGT changes loom.



Estate agent duo recognised for sales success at global event

Mark Buchanan and Amie Brooks, both of whom work within the eXp UK network, flew to the gala estate agent event in Miami.


Click here to read Estate agent duo recognised for sales success at global event.



'Criminal’ landlord trio hit with huge £450k HMO fine

A group of three West Northants landlords have together been fined a total of £452,796 for a series of unlicensed and unsafe HMOs.

Click here to read 'Criminal’ landlord trio hit with huge £450k HMO fine.



Bill to ban Section 21 evictions published – industry reaction

The Government takes its first step towards scrapping Section 21 'no fault' evictions with the first reading in Parliament of the Renters' Rights Bill.
 

Click here to read Bill to ban Section 21 evictions published – industry reaction.



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Walsall is consulting on plans that will force both the owners of smaller Houses in Multiple Occupation to apply for planning permission.

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Airbnb set to compete with lettings agents for longer rentals

Co-founder and CEO Brian Chesky says the company is eyeing longer-term rentals as a lucrative new area of business, putting his firm soon in direct competition with some agents.

Click here to read Airbnb set to compete with lettings agents for longer rentals.



Decade of dedication for The Propertymark Trust

Veteran estate agency manager and property consultant, John Oakley, is celebrating 10 years as trustee of The Propertymark Trust.

Click here to read Decade of dedication for The Propertymark Trust.



Huge rise in number of sales fall-throughs reported

Homebuyers are still struggling with higher mortgage rates and so more and more sales are falling through says Moverly’s Gemma Young.


Click here to read Huge rise in number of sales fall-throughs reported.



New workers' rights shake-up to impact estate agencies

Employees working for property businesses will be able to claim unfair dismissal from day one of a new job, under a new government bill.


Click here to read New workers' rights shake-up to impact estate agencies.



Foxtons makes surprise move into London commuter towns with acquisitions

The London-based agent has spent some £12m buying two estate agencies, one in Reading and the other in Watford, both bought from private shareholders.

Click here to read Foxtons makes surprise move into London commuter towns with acquisitions.



AGENT BLOG: After Scotland's rent cap lifted, guess what happened next?

Nicky Lloyd of ESPC Lettings in Edinburgh reflects on the rental market in Scotland six months after a rent cap and ban on evictions were scrapped.

Click here to read AGENT BLOG: After Scotland's rent cap lifted, guess what happened next?.



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Mark Ridley is to be replaced by current CFO Simon Shaw as Group Chief Executive of the blue-chip agency.

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Stamp Duty hike to ‘damage’ rental market warn auctioneers

2% rise in budget for SDLT will lead to investors exiting the market, reduce supply and push up rents says NAVA.

Click here to read Stamp Duty hike to ‘damage’ rental market warn auctioneers.



COURTS: Landlord wins 'important' appeal in rent to rent case

Amlendu Kumar wins appeal in what a leading property lawyer says is an "important new decision" affecting rent-to-rent agreements and rent repayment orders.

Click here to read COURTS: Landlord wins 'important' appeal in rent to rent case.



Foxtons’ branch blockaded during Global Day of Housing Action

 



Housing market enters 'more settled phase' as buyer demand turns positive – RICS

RICS agents are reporting the sales market to be stabilising for the first time since December, says Head of Market Research & Analysis.

Click here to read Housing market enters 'more settled phase' as buyer demand turns positive – RICS.



AGENT: Rumoured 'wealth tax' will only push more millionaires out of UK

Investment in UK housing market is desperately needed but taxing the 'broad shoulders' harder will only put the wealthy off, says Trevor Abrahmsohn.

Click here to read AGENT: Rumoured 'wealth tax' will only push more millionaires out of UK.



'Stamp Duty should be paid in instalments to help move market'

Estate agency boss makes comments as his firm launches a parlliamentary petition, saying levy is signficant barrier for many buyers.

Click here to read 'Stamp Duty should be paid in instalments to help move market'.



House building giants agree to £100m 'fine' after collusion allegations

Seven firms have probably avoided a much bigger fine by reaching a deal with the Competition and Markets Authority over anti-competitive practices.

Click here to read House building giants agree to £100m 'fine' after collusion allegations.



500,000 homes listed for sale since January, says leading data firm

Figures from TwentyEA show nearly 500,000 homes listed for sale during first half of year as well as big surge in house-hunters.

Click here to read 500,000 homes listed for sale since January, says leading data firm.



Big student accommodation provider warns of impact of RRB

The CEO of Unite Students, Joe Lister, has warned that the Renters' Rights Bill will significantly increase costs for students and reduce HMO housing supply.

Click here to read Big student accommodation provider warns of impact of RRB.



LEGAL OPINION: The practical consequences of the Renters’ Rights Bill for agents

Solicitor, Neli Borisova, looks behind the headlines about how the Renters’ Rights Bill will impact the services agents provide to landlords.

Click here to read LEGAL OPINION: The practical consequences of the Renters’ Rights Bill for agents.




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