As the latest charts show from Chris Watkin and Twenty EA, listings are at the highest we’ve seen in the UK property market since they were tracking them back as far as 2017, so a decade ago. This is translating into fairly healthy sales too, but we can see that this year it’s behind 2021,…
Letting agents have revealed a handful of jobs that they insist won’t be handed over to AI. A survey of lettings professionals by Propoly suggested five areas that AI is least suited to – and they all involve people or complex circumstances. They include building relationships with landlords, handling difficult conversations or disputes, dealing with…
Property industry leaders have reacted with “alarm” to news that the Government is considering a rent freeze. Reports suggested Chancellor Rachel Reeves is looking at a freeze within the private rented sector for a limited period as higher prices caused by the Iran war mean ministers are worried about cost of living pressures. U-turn The…
In March the Government published a Commonhold White Paper, the first stage of a manifesto promise to abolish leasehold, saying it was “determined to ensure that commonhold becomes the default tenure… commonhold is not merely an alternative to leasehold ownership, but a radical improvement on it”. A draft Leasehold and Commonhold Reform Bill is due…
Property sales agreed fell 8% last month, although the news was tempered with figures showing a record number of new instructions. Data from TwentyEA shows that in May, SSTC (sold subject to contract) volumes dropped to 109,922 compared with 119,607 last year – a fall of 8.1%. Highest ever But supply is currently the highest…
Rightmove’s financial chief has cashed in shares worth just shy of £126,000 just a few days after the company revealed that its revenues and profits have continued to climb. The portal has revealed that Ruaridh Hook (pictured) its Chief Financial Officer, exercised options arising from a Deferred Share Bonus Plan Award granted 10 March 2023 and…
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