EYE NEWSFLASH! Redundancy process under way at well known estate agency

The 1.5 million housebuilding target, set by the Government, is set to be missed by more than 660,000, Savills warns. The agency is forecasting that new homes completions in England will average 167,500 every 12 months in the next few years, well behind the Government’s target of 300,000. It means 837,500 new homes in total…

Property transaction numbers stopped sliding last month after two successive falls, the latest HMRC data reveals. The seasonally adjusted estimate of the number of residential transactions in June was less than 1% up in June compared to May. At 98,700, the total was marginally higher than the previous month’s figure of 98,460. The number was…

A leading property industry firm has urged more landlords and home owners to sign up to its free alert service as property title fraud becomes increasingly sophisticated, with criminals impersonating their registered owners to steal properties worth millions of pounds – yet only 3% have signed up to the service. Olly Thornton-Berry, co-founder and CEO…

The lettings market is on the brink of a seismic shift as the high cost of buying a home means millions more people will be approaching retirement age still in the rental sector. The latest analysis by the Pensions Policy Institute (PPI) predicts that by 2041, the number of pensioner households renting privately will almost…

More than 200 estate agents have signed up to a new service offering buyers an accredited surveyor’s report before they make an offer. Gazeal claims its Upfront Seller Surveys are the first of their kind in England and Wales, delivered by a network of more than 1,000 surveyors covering almost every postcode. Reports run to…

Rightmove is helping lettings agents handle rent increases more efficiently on its Tenancy Manager Platform. It has launched a rent review capability on the platform following changes to the rent increases process, introduced by the Renters’ Rights Act. Rightmove claims that the new functionality is one of the most requested updates from letting agents. It…