Stolen van drives into estate agency branch as driver flees scene

Landlord leaders have slammed a new database as a “rip-off” and a “costly mess”, just two months before it is due to be launched. Plans for a private rented database will cost landlords £65 per property each year, more than the price for a car MOT, the National Residential Landlords Association (NRLA) points out. The…

Failure by letting agents or landlords to comply with the new rules could result in significant financial penalties Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

The average advertised rent of homes outside London has risen to a new record of £1,418 per calendar month, Rightmove data shows. Figures from the portal highlight that asking rent prices have increased by 1.5% this quarter. But despite a new record rent, annual rental growth has returned to a more stable level of 2.4%….

Many agents see AI as a solution to the overwhelming demands on their time and the growing risk of burnout. More than half (52%) plan to adopt Artificial Intelligence in their everyday work, including managing listings, leads and arranging marketing, a survey of 250 agents by CRM provider Alto found. Even more agents (66%) see…

Event explored how agencies can prepare for new legal requirements Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

More than half of all first‑time buyers need cash from the ‘Bank of Mum and Dad’, to get onto the property ladder, Savills says. While more than three out of five first-time buyers – 64% – draw on their own savings, more than half – at 53% –  rely on support from family through gifts,…