Breaking News

Breaking News

Marc Shoffman

Here is today’s Breaking News from the estate agency world. Join the debate by leaving a comment below a story – you will need to be logged-in to do this.

Written by Marc Shoffman
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OnTheMarket (OTM) chief executive Jason Tebb has declared “our time is now” after shareholders backed a takeover of the portal by US property giant CoStar. It brings an end to the dream of an agent-owned portal to take on Rightmove’s ...
Visits to Rightmove have fallen by 18% in the past year as high mortgage rates hit the national market from the very earliest stages of the buying process, analysis reveals. Agency comparison website GetAgent has analysed the annual change in ...
Agency software provider Alto is set to share an update with agents on what it has delivered in 2023 in a special edition of its Alto Insider webinar series.  Taking place on 7 December from 1000am to 1045am, the webinar ...
One of Hunters’ flagship North East offices is under new family ownership. Experienced landlord Thom Swalwell is Hunters’ new franchisee in Sunderland, alongside sister-in-law Leila Chen, having taken on the business from previous owner Chris Kelly. Swalwell’s background lies in ...
Proptech firm iamproperty is inviting estate agents to a webinar about the latest Trading Standards’ material information guidance.   It will be hosted by iamproperty’s co-founder Ben Ridgway alongside Beth Rudolf, director of delivery at The Conveyancing Association.  Attendees can ...
Propertymark Qualifications has honoured the crème de la crème of its students at the London Stadium. Learners, apprentices, employers, training providers, and stakeholders gathered last week to congratulate finalists and nominees who have achieved or supported the achievement of one ...
OnTheMarket shareholders have backed a takeover of the portal by US-owned property brand CoStar UK. It will bring an end to the agent-owned portal model. A shareholder vote was held this morning following the takeover offer from CoStar last month, ...
The number of agents reporting listings selling for under asking price has hit its highest level this year as Propertymark warns of a mismatch in the market. The agency trade body’s October Housing Insight report showed 90% of member reported ...
House prices increased for the third month in a row during November but are still down annually, Nationwide data shows. The lender’s latest House Price Index shows average prices rose 0.2% on a monthly basis in November to £258,557 - ...
Rightmove is anticipating a 1% average drop in national asking prices by the end of next year. The latest forecasts from the portal suggests motivated sellers are likely to have to price more competitively to secure a buyer in 2024 ...
Forget John Lewis or Marks & Spencer, the latest Hat and Home Christmas advert has been released. (Well it was released last month but this editor has a rule about Christmas videos and music not being played until December.) Building ...
As the temperature drops outside, it can be tempting to think activity in the market is likely to freeze out entirely. And, of course, there’s little doubt the festive season does bring with it a chilly downturn in activity for ...
Reservation agreement provider Gazeal has partnered with Optimus, Landmark’s panel of conveyancers to offer its services as an option for home movers.  The collaboration aims to ensure that buyers and sellers can lock in their sale or purchase at the ...
OnTheMarket (OTM) critic Brett Stone has failed to get the Takeover Panel to intervene in the acquisition of the portal by CoStar. It comes as OTM shareholders will vote on CoStar’s takeover next week. Stone has written several open letters ...
Long-awaited guidance on material information in property listings was revealed yesterday but policing of the rules won’t be any different, it can be revealed. The National Trading Standards Estate and Letting Agency Team (NTSELAT) published Parts B and C of ...
OnTheMarket (OTM) critic Brett Stone is still making last-ditch attempts to stifle a takeover of the portal by CoStar UK. Stone, a partner at private investment partnership Edengen, has become a vocal opponent of the deal after a failed approach ...
Legal infrastructure provider CTS has said it is on the last phase of tackling a cyber-attack. CTS said last week that it is “urgently investigating” a cyberattack on its services that could impact property exchanges and completions. Almost 100 conveyancers ...
Welcome to this week’s Agents Do Charity, our chance to salute those who do so much to help others. If your agency is doing a little charitable something which we should bring to the attention of the industry, please email press@estateagenttoday.co.uk - ...
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