Your weekend roundup of top news and views




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.

Click here to read Brutal industry reaction as Purplebricks looks for 'new ownership structure'.



Sunak appoints replacement for housing minister - sixth in a year!

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!.



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.


Click here to read Belvoir Group reports record revenue after £4 million jump.



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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.

Click here to read xxxx.



MORTGAGE PAIN: Two-year deals more expensive after rate rise

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

Click here to read MORTGAGE PAIN: Two-year deals more expensive after rate rise.



Rightmove chief defends 17% hike in fees live at show

Rightmove Director Miles Shipside defended the hike in fees saying that the product offered value for money after R

Click here to read Rightmove chief defends 17% hike in fees live at show.



The June 2023 issue is published – online for you to read now. Just click and flip!

In this month's issue:
 
• The Negotiator Awards open for entry – read the ten compelling reasons why you should enter.
 
• Keeping landlords – expert help on maintaining your portfolio.
 
• Renters (Reform) Bill – the proposed legislation reviewed.
 
• Deposit protection schemes – alternatives and options.
 
• Agent interview: Michael Wright of Douglas Allen.
 
• Plus: latest national house price analysis; hybrid agents, best ways to blog, charity efforts, The Ombudsman Files, agency and supplier news and much more. 

Click here to read The June 2023 issue is published – online for you to read now. Just click and flip!.



Has peak rental demand peaked passed? New data says yes

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.



The Negotiator Awards are open for entry!

The UK's leading awards programme for estate and letting agents and suppliers is now open for entries. Register now to start your entry process.

Click here to read The Negotiator Awards are open for entry!.



WARNING: Interest rates to stay higher for longer with recession forecast

Schroders is forecasting recession and says that the surprise 0.5% hike in Base Rate suggests the Bank of England is far from getting on top of inflation. 

Click here to read WARNING: Interest rates to stay higher for longer with recession forecast.



Purplebricks launches national £999 selling fee under new ownership

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.



Letting agent given 28 months in jail over huge fraud

Wendy Dare stole in excess of £134,000 from her employer and, despite admitting the charges and returning some of the money, is to spend time in prison.

Click here to read Letting agent given 28 months in jail over huge fraud.



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.

Click here to read xxxxx.



Dexters hits 150 branches in London after £54m spending spree

Chairman and CEO say there still plenty of areas of the capital where it doesn't have a branches – with plans to fix that.

Click here to read Dexters hits 150 branches in London after £54m spending spree.



SHOCK: All of RICS' professional standards board resign

Chair, Dame Janet Paraskeva and nine other members of the SRB have resigned without publicly explaining why.

Click here to read SHOCK: All of RICS' professional standards board resign.



Labour rejects rent controls labelling them a ‘sticking plaster’

Shadow housing minister Lisa Nandy says broader and less short-term policies are needed to fix the housing crisis.

Click here to read Labour rejects rent controls labelling them a ‘sticking plaster’.



What the next General Election means for estate and lettings agents

Atomic Consultancy boss Lucy Noonan considers the implications for estate and lettings agents as Labour sets out its plans for the housing market.
 

Click here to read What the next General Election means for estate and lettings agents.




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