EYE NEWSFLASH: Major estate agency group defies subdued sales market with record first half

Purchase gives Foxtons entry into West Midlands market Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Propertymark has “welcomed” the Government’s decision to widen the draconian new Rent Repayment Order regime, in a move that has surprised many in the property sector. After a ‘successful’ trial involving three councils, Ministers have confirmed the Rent Repayment Order scheme will be expanded to 41 local authorities. The changes allow councils to apply for…

Cumbria-based estate agency Mark Buchanan Property Group has had to issue client guidance after the shock closure of Butterworths Solicitors left sales and purchases unable to progress, with the Solicitors Regulation Authority now involved. Sign on door According to the BBC, there was a sign left on the door of its Kendal branch in Stricklandgate,…

Helping people onto the housing ladder will achieve little if Stamp Duty keeps deterring the investors and developers required to get new homes built, an industry expert has warned. The Government is set to launch a new first-time buyer housing support scheme Your First Home in the Budget later this month, but Stephen Hemmings (pictured),…

Purplebricks owner Strike warns that the business is at serious risk of going bust, as it reveals big losses in the year it bought the troubled agency for just £1. Directors say market conditions, the company’s performance and future funding are all factors that could jeopardise its future. Significant doubt Robert Clarkson, Director at Strike,…

Gap with existing properties has widened by 6.2 percentage points since 2016 Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe