Purplebricks backer's fine | Small landlord exodus | Tory hypocrisy




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.



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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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Purplebricks backer fights huge FCA fine and ban

Neil Woodford, who was a high-profile financier of Purplebricks' early growth, faces fines for him and his fund totalling £46 million.

Click here to read Purplebricks backer fights huge FCA fine and ban.



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.



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.



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.


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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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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.


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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.



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.

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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.



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?.



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.



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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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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.



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.



'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.



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.



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.



Foxtons’ branch blockaded during Global Day of Housing Action

 



SHOCK: Letting agents report huge exodus of smaller landlords

A wave of landlords with small portfolios are quitting the PRS, according to a poll of letting agents by a major software provider.


Click here to read SHOCK: Letting agents report huge exodus of smaller landlords.



Tory veteran slams his party's NIMBY house building hypocrisy

Respected commentator Simon Cooke says Conservative MPs must stop opposing developments locally while calling for more homes elsewhere.


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James Cleverly named as new Shadow Housing Minister in Badenoch reshuffle

The ex-Foreign Secretary becomes Angela Rayner's opposite number in Parliament, taking over the role of Shadow Housing Minister from Kevin Hollinrake.

Click here to read James Cleverly named as new Shadow Housing Minister in Badenoch reshuffle.



£10 million commission milestone celebrated by estate agency

Avocado Property Agents has celebrated its fifth anniversary with a landmark achievement, providing 'validation' of approach, says Co-Founder. 


Click here to read £10 million commission milestone celebrated by estate agency.



Landlord blames Midlands council as he sells 11 rental properties

A ‘good landlord’ who is prepared to lose £20,000 rather than evict tenants, says selective licensing is punishing those trying to do the right thing.


Click here to read Landlord blames Midlands council as he sells 11 rental properties.



Council keen to fine private landlords criticised over rats at own property

Brent council fines private landlords up to £30,000 for poor conditions but has been criticised by one of its own council tenants and taken to court.

Click here to read Council keen to fine private landlords criticised over rats at own property.



Estate agent who worked within industry for 60 years finally retires

Andrew Morris established the agency that bears his name in Hereford in 1986, but is now handing the reins over to fellow director Craig Sewell.

Click here to read Estate agent who worked within industry for 60 years finally retires.



Time to get on your bikes once more and get fund raising!

Agents Giving has announced the return of The Great British Property Cycle Challenge to support St Mungo’s homelessness charity.

Click here to read Time to get on your bikes once more and get fund raising!.




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