The debt burden facing estate agency’s biggest groups

Homebuyers need to stop looking at properties on their phones and ensure they go and actually view potential new homes. That’s the message from property search firm Stacks, which says house hunting is not an activity that can be undertaken from the sofa. Obsession “House buyers’ obsession with online property portals is undermining their chances…

UK home sales fall 10.7% in second week of June, with London hit hardest Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

A property industry initiative has been officially launched aiming to bring the average ‘sales agreed to exchange’ period down to 28 from 109 days. Put together by the Landmark Information Group and first mooted in February, the organisation of 23 leading property industry bodies including lenders, conveyancers and agents, has published a ‘bold and practical’…

The lack of price growth in the capital is clipping the wings of would-be leavers Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Property franchise group Winkworth expects FY25 adjusted pre-tax profits of around £2.1m, which is 20% below current market expectations, after a “temporary slowdown” in activity ahead of the Autumn Budget, with a number of transactions deferred. In an update to the City, the group says trading conditions “softened more than expected” in the second half…

Some agents consider the guidance barking mad Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe