Connells profit drop | Zoopla rebrand | Rents rocket




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.



xxxx

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.



Foxtons finally feels the 'Gittins gold' as profits surge 10%

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%.



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.



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.
Text


Click here to read Purplebricks launches national £999 selling fee under new ownership.



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.



xxxxx

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.



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'.



xxxx

xxx

Click here to read xxxx.



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.



Agent says Brum council collapse 'won't crash the city's housing market'

Barrows and Forrester says council's bankrupcy is unlikely to dent a housing market that has performed strongly over the last year.

Click here to read Agent says Brum council collapse 'won't crash the city's housing market'.



Profits nosedived at Connells after Truss Mini-Budget, latest results show

Company accounts for Connells, part of the Skipton Group, showed a pre-tax profit of £12 million last year down from £21.4 million the year before.

Click here to read Profits nosedived at Connells after Truss Mini-Budget, latest results show.



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 .



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

• House prices nationwide and regional – analysis.
 
• The Negotiator Awards – still time to enter, but you'd better hurry!
 
• FEATURE: How the QR code has reinvented traditional marketing.
 
• FEATURE: Telephone tech – it's like having an extra employee.
 
• FEATURE: Lettings apps – taking the schlep out of lettings.
 
• COMMENT: Why politicians should get practical, not political.
 
• COMMENT: How ULEZ will clobber the landlords.
 
• INTERVIEW: Age and gender are no barriers for this woman.
 
• PLUS: Agent reports, movers and shakes, marketing tips and much more...
 
 

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



REDRESS: The Ombudsman Files

Each month The Neg recounts the examination and outcome of a case brought before TPO. This month an EPC rating is in dispute.

Click here to read REDRESS: The Ombudsman Files.



'No end to the madness' as rents top old record says Homelet

Company says there is no sign of rent increases slowing down with new record highs recorded in London and the rest of the UK.

Click here to read 'No end to the madness' as rents top old record says Homelet.



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.

Click here to read Dinner invite to estate agency seniors issued by leading industry duo.



Goodbye Zoopla, hello Houseful says portal parent in surprise move

ZPG, which owns Zoopla, has renamed its property group to reflect the way the business has evolved, it says.

Click here to read Goodbye Zoopla, hello Houseful says portal parent in surprise move.



Demand for rentals soars but more landlords to quit sector – claim

Goodlord and Vouch jointly reveal more than a third of agents believe a ‘significant amount’ of landlords will leave in the next 12 months.

Click here to read Demand for rentals soars but more landlords to quit sector – claim.




Back to top button