Report highlights growing inequality in housing space Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
Rightmove’s share price dropped more than 10% yesterday, before regaining some lost ground. The drop followed the news that a £1.5billion legal action had been filed against Rightmove in the Competition Appeal Tribunal. Sharp fall Just before 10am yesterday morning, the property portal’s share price hovered above the 430p mark, having started at the 8am…
Anecdotally, in the last few weeks we are starting to hear some negativity around property transactions due to the impact of the Iran/US war. According to Chris Watkin: “UK home sales fell by 10.4% in June in every region, with the latest week showing a softer picture for the UK property market.” But he goes on…
Legal and advisory costs are set to push Winkworth’s profits down this year, the agency franchise brand has warned. It comes after it was revealed this summer that the company had initiated High Court proceedings against current chair and former Chief Executive Simon Agace for breach of confidentiality. The parties have since announced talks, with…
Specialist AI firm Coraly.ai has raised £1.5 million to fund global expansion of its automated listing and lead generation tools for estate agencies that it claims can save agents over 20 hours a week. The Dubai-based firm’s AI-driven platform has automated the time-consuming tasks of listing creations, lead generation, and property marketing across multiple portals…
Demand for flats is weakening at the same time as supply is rising, as landlords sell up ahead of rental reforms and buyers choose larger homes, pushing more apartments onto the market and putting downward pressure on prices, Hamptons’ data shows. A total of 73% of first-time buyers now purchase houses rather than flats, up…
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