Northern England property sales surpass London for first time
Property sales in Northern England have exceeded London’s transaction values for the first time in two decades, according to research from Savills. The total value of homes sold across the…
Ombudsman backs landlord in rent-to-rent dispute
The Property Ombudsman has issued a provisional decision against a letting agency after finding it transferred a landlord’s student HMO into a rent-to-rent arrangement without his knowledge or consent. According…
Landlords face £7,000 fines under new rental safety rules
Landlords who fail to address serious hazards in rental properties now face fines of up to £7,000 under new enforcement powers granted to local councils through the Renters’ Rights Act.…
Knight Frank enters redundancy consultation process
Knight Frank has initiated a redundancy consultation affecting less than 3% of its UK workforce, despite posting a 6.3% increase in annual revenues. The agency confirmed the consultation is underway…
Kent letting agent fined £15,000 for client money breach
A Kent-based letting agency has paid a £15,000 civil penalty after operating without required client money protection, highlighting ongoing enforcement of regulations designed to safeguard landlord and tenant funds. Homelet…
Gen Z buyers prioritise price over location in property search
Younger property buyers are increasingly willing to compromise on location to achieve homeownership, with one in five Gen Z purchasers prepared to move more than 25 miles from their preferred…
£2.95m bridging loan funds Liverpool apartment development
District & County Investments has provided a £2.95m net bridging facility to support a brownfield regeneration project in Liverpool city centre, which will deliver more than 150 apartments upon completion.…
New committee launched to support agents with technology
The UK PropTech Association (UKPA) has established a Residential PropTech Committee to provide estate and letting agents with guidance on technology adoption and compliance management. The committee brings together agents,…
Welsh property professionals form coalition to streamline transactions
A coalition of estate agents, conveyancers and mortgage brokers in Wales has launched an initiative aimed at improving the property transaction process, independent of Westminster reforms. The group, named Move…
Property industry assesses Burnham’s policy priorities
Andy Burnham’s victory in the Makerfield by-election has positioned him as frontrunner for Prime Minister, prompting property industry professionals to evaluate potential policy shifts affecting housing markets, development, and the…