Robot wars

New build sales slow

Ask most estate agency owners how their business is doing and you’ll get an answer about fee income. Instructions up, exchanges up, a record month in Q2 etc. What you rarely hear first is the profit figure; and almost never, the cash position. Turnover is the number agents boast about at industry dinners. Profit is the number … Continued

Let’s be honest – no landlords signed up to become compliance officers, legal experts, or legislative gurus. They signed up to invest in property. And yet, the weight of the regulatory obligation that’s landed on their shoulders has never been heavier.  And that’s even before the Renters’ Rights Act swept in and reshaped the entire … Continued

The journey of a first-time buyer can take you through a wealth of emotions, from excitement to anxiety, confidence to uncertainty, sometimes all in one day, but a new study from LPL, a firm of property lawyers, has found the sweet spot when it comes to the property hunt, before it all starts getting too … Continued

PropTech firm myMoveToday has launched an AI-powered conveyancing and deal management platform. It says it’s built specifically to eliminate ‘pipeline friction’ and cut deal closing times, offering agents real-time chain visibility and automated document tracking. The firm adds that it connects the three core sales transaction stakeholders—estate agents, conveyancing solicitors, and mortgage brokers – inside … Continued

Tim O’Riordan – a popular estate agents that worked in the industry for 30 years – sadly passed away last week at the age of 61. Tim – along with Simon Bond – set up O’Riordan Bond in 1995, opening their first branch in Northampton. The first fifteen years saw rapid expansion across Northampton, Milton … Continued

Four out of five flat owners are struggling to sell their properties ‘within six months or so’, it has been revealed. Speaking on Radio 4’s Today Programme, Richard Donnell, executive director at Zoopla, highlighted the data, saying: “It is not easy out there if you are trying to sell a flat.” He continued: “Typically, across … Continued

Typical new build homes in the South contain “hidden costs” of around £55,000, an influential thinktank estimates. The Centre for Policy Studies (CPS) says many buyers are unaware of the amounts built into the price of their new property. Housebuilders are passing on the extra costs they incur to meet affordable housing and net zero requirements, … Continued

Prime London properties were twice as expensive before the EU referendum.